New to short term rentals... anything we're missing?

[Matt Collins]

Hi all,

We're looking at perhaps STR'ing our place in the NY hudson valley area. I think the major questions are:

1. LLC or single owner. If we have 2m$ personal liability cover specifically for STR, is there any benefit to LLC? It certainly makes things more complex, and there don't seem to be tax or other advantages.

2. Insurance. I'm having a hard time finding NY available STR insurance. Proper are on the case, but are there recommendations for alternates? A lot appear to be white labelled 'slice' which doesnt serve NY (or this zip code anyway) yet.

3. Management systems; I guess there's a bunch to look at; porter seems popular. Any existing things to read, or is this a bunch of painful primary research? Thanks ;p

4. Other....? Not sure if we've really thought of everything we need to - happy to go read.

Many many thanks,

Matt & Laura