Starting a AirBnb in Rhode Island any tips?

[Andrew Pettit]

Morning BP,

         I am investing in an Airbnb with my brother. I was wondering how should structure this and what should I watch out for moving forward? 

Thanks everyone. 

[Joseph ODonovan]

@Andrew Pettit 1. Check with your city/township to see what they require for a STR. 2. Inform your Insurance carrier that you are renting this out as a STR. Your premium will go up compared to a LTR but the proper coverage is well worth it. 3. Find a very responsible cleaning service as turnovers may be frequent. A clean unit is absolutely critical when it comes to Airbnb ratings. 4. Speaking of ratings, you should absolutely shoot for Superhost status on Airbnb as it gets you higher rankings in their search feature. 5. Strap yourself in as a STR is not a passive investment. 6. Consider hiring an Airbnb Hosting Co in your area. Best of luck!