AirBnb Management Liability/Insurance

[Yoon Chong]

I have a friend that wants to use one of his properties as an Airbnb rental. As he is moving out of state, I offered to manage it for him to see if STR is an investment strategy that I'm interested in. I'm a realtor and so have an LLC for my real estate business. My question is as the co-cost/listing manager what protections do I need? Will the LLC that I have extend to Airbnb management? My questions are assuming that the owner will maintain homeowners insurance to cover STRs.