If you want to give hosting a try, consider treating yourself to a holiday – even if only just for one night – staying in someone else’s place using airbnb.
Have a look at the listings for your area too. They are your competitors.
Airbnb offers hosting tips, but the main thing to remember is that the hosting role is closer to hotel concierge than a landlord.
And the first time you try hosting?... pick a guest with positive reviews, and have a friend with you when you welcome them.