Questions to ask someone who as an arbitrage business & wants to rent my property?

[Daniel Gibson]

Hi all! 

I own a duplex in Florida in the Tampa Bay area. One unit (2/2) is a LTR, the front unit is a 1/1 and is fully furnished. We're renting it out on Furnished Finder and on Airbnb but recently my wife and I are considering partnering with a business that would sign a long-term lease and then rent out the unit on a 30 day min. basis. 

I'm wondering what questions I should ask them to ensure I'm not putting ourselves or my property in any avoidable, unnecessary risk, and in order to make sure I'm fully vetting the company? 

My initial questions:

1. What type of commercial STR insurance policy do they carry (above and beyond insurance provided by the likes of Airbnb) in the event of any accidents, injuries, or damage to the property? 

2. What would happen in the event that the property or its contents are damaged? Broken furniture, holes in walls, etc. 

3. How do you screen guests?

4. What is the average length of stay of guests at your other properties?

5. What does their lease look like in instances it's a direct booking?

6. What would happen in the event we need to access the property for maintenance?

And lastly, if anyone has a bespoke lease or clauses they use to cover themselves as the landlord in this situation, and would be willing to share, that would be greatly appreciated. 

Thanks in advance for any and all guidance!

- Dan