Lease to a Airbnb investor?

[Steven W.]

Biggerpockets Community,

I'm hoping you can help me. I am finalizing the renovation of a property and looking to find a renter. I've always rented long-term and have no experience in short-term rentals. I recently received a request from a prospective renter who wants to return lease the property as an Airbnb investment. 

The property is in an A+ area so I can understand the desire to use as an Airbnb. A lot of people in this area will rent out their properties at certain times of the year (PGA tournaments) for additional income. 

The investor will handle everything with Airbnb and would insure the property for any damage. I would be responsible for collecting my monthly rent. It will be up to the investor to rent out the property and receive enough additional income to justify the rent price.

Does anybody have experience with this method? If so is the risk worth the reward from an owner's perspective? As a FYI the property is in North Carolina. 

[Jeff B.]

So you the owner, lease to a tenant who then sublets periodically via AirBnB.

Hmm; Not for me as an owner and my lease specifically prohibits this.  Why?  Because I take on extra liability, have no recourse to those using the property via AirBnB and the tenant will never screen properly NOR carry sufficient insurance to protect the property or my liability.

REAL BAD IDEA in my opinion.