Should I let someone Airbnb Arbitrage my home?

[Kerns Churchill]

One of my rental homes in Phoenix will soon be vacant. I have it listed on Zillow and have had tons of people reach out to me about arbitraging my home. I was wondering if anyone has any experience renting to someone who is going to use the home for Airbnb? I'm not thrilled on the idea, but could be persuaded for the right premium. Any input is appreciated.

[Dan H.]

Question why would you choose to have someone that likely has no training, insurance, licensing, team, minimal capital, etc when you can hire a professional PM that is licensed, has training, has insurance, has a large support team?

If you do decide to arbitrage, make sure you have a very high umbrella policy and that the unit has an insurance policy that covers STRs.  Your liability if something goes terribly wrong is very high because you know the person doing this is unlicensed and likely uninsured.

Good luck