Homeowner Seeking Advice on Airbnb Partnership for My Duplex

[Christian Melendez]

BiggerPockets community!

I'm excited to share that I'm a new homeowner and recently purchased a duplex with the intention of house hacking. To my surprise, a company has expressed interest in renting out one of my units for 1 year to 18 months, with plans to turn it into an Airbnb afterward.

I'm thrilled about the opportunity, but I'm also new to this, and I want to make sure I'm well-prepared. Have any of you experienced a similar situation or have insights to offer? I'd greatly appreciate any recommendations or advice on the steps to take moving forward, particularly in terms of screening, contracts, and ensuring a smooth partnership.

Thanks in advance for your guidance!

[Jessie Dillon]

i'd suggest having it in your corporate lease agreement that the person renting from you handles all maintenance calls + coordinates and pays for repairs under $___. i would also have them get renters insurance with a company who knows what they're doing with the property, and make sure YOUR homeowners insurance company is aware and would cover you. also consider whether or not you want to share a wall with an airbnb. i probably would not.