Prospective tenant wants to list my rental on Airbnb

[Taylor Williams]

I've just recently listed my 4bd/2ba single family home for rent (long term). In addition to receiving interest from people wanting to sign on for 1+ years, I've also received a couple messages inquiring about using my renal as an Airbnb. I'm new to land-lording as well as not having experience running an Airbnb but I've had my fair share of stays in them. My intial thought when I read these requests is that my risk profile would be completely different than a long term tenant. However, I also see it as an opportunity to potentially pass on risk (maintenance/upkeep/repairs) to an Airbnb host, assuming insurance coverages work out, and/or ask for a premium on top of what I listed the unit for. Anyone have experience or thoughts about signing a lease like this? 

[Joey Zawacki]

I lease to some Air BnB'ers. Make sure they have additional insurance to your own HOI. Also, make sure your property is in a LLC and not personally owned for any potential lawsuits. I add 15% to the normal rent for a Air BNB tenant as they are leasing the property with no risk or skin in the game, and they are making a profit off your lease. Ask for a higher deposit as well, and copy of the insurance on the property they get. If you have a good relationship with a HOI company, tell them what they want for HOI if the property was used as AirBNB and thats the policy you want the tenant to get on top of yours.

Hope that helps,

Joey