Airbnb, a marketplace for people to list and rent vacation homes and rooms to stay, was founded in 2008 in San Francisco. Today, there are more than a million listings in more than 30,000 cities around the country. As the service grows in popularity in the state, cities in Iowa including Clear Lake, West Des Moines, Fairfield and Coralville are looking to regulate its use.
"There is a great demand for this type of service. It was founded as a means to accommodate people during large business conventions," explains Art Durnev, a professor of finance at the University of Iowa.