All Forum Posts by: Itay Heled

Hi BP community 

I recently turn my long term rental 4bdrm 2 bath house in south Euclid  into short term furnished house .

currently listing  on Airbnb VRBO & Booking .

I have a standard insurance with state farm right now with 2 million liability policy .

I understand a STR policy is a needed but what is that exactly mean ?

what specific items you find  necessary  to add for a short term rental insurance and what is roughly the cost ?

thanks!

Itay

Quote from @Anja Schaer:

Hi Itay, as an STR host and co-host in Metro Atlanta, I understand your concerns. Protecting your property comes down to smart screening, clear house rules, STR insurance, and monitoring tools. Require ID verification, avoid last-minute/one-night bookings, and use smart locks, Ring cameras, and noise monitors to deter parties. Airbnb’s AirCover helps, but STR insurance is a must, especially for VRBO/Booking.com. Setting higher minimum stays and strategic pricing also attracts responsible guests. Wishing you a smooth hosting experience!

 Hi Anja and thanks for your your reply,

who are you asking for ID?

what exactly you mean by "smart screening"?

on VRBO reservation I have there is zero information other than the name . I was told i can add a deposit  from a VRBO guests

Quote from @Bruce Woodruff:

A) do not rent to people that only have one review. B) do not rent to anybody on a last-minute basis make it be at least 3 days in advance, C) never rent for only one night, that will be a partier for sure. D) sets your age limit higher, I use 30 years old.

just call your regular insurance company and ask them if they insure short-term rentals. I use State Farm and they were super reasonable, but make sure you tell them exactly what you're using it for.

Bruce ,
i was  also insured with State farm when I had the house rented long term  . I notify them I am doing short term and they just said it's fine.
what should I ask to make sure it's fully covered and I won't have issues when something happens? Is there a different policy for short term rental or different items that is added?

Quote from @John Underwood:

Quote from @Itay Heled:

Hi ,

I just list my house for short term

four  young people rent my furnished apartment via Airbnb for two weeks.  the person who rent it has one review . I know nothing about the rest.  few days in they asked to add 4 more people. 

hearing all the horror stories about parties and trashing the house, what are the tricks and ways to minimize the risk?

is it practical and acceptable to do some sort of background checks on the new people?  send someone to visit the house? 

also, Airbnb has some sort of protection but what are you doing with reservations coming from other platforms such as  booking.com VRBO etc?

thanks !

Itay 

Just have the correct STR insurance and don't sweat it

Thanks John 
what type of insurance I should get  and how is it different from my long term rental insurance?

thanks James,

what is your vet process for Airbnb guests? other than look at their reviews what else 

are you doing?

Quote from @John Underwood:

Quote from @Itay Heled:

Hi ,

I just list my house for short term

four  young people rent my furnished apartment via Airbnb for two weeks.  the person who rent it has one review . I know nothing about the rest.  few days in they asked to add 4 more people. 

hearing all the horror stories about parties and trashing the house, what are the tricks and ways to minimize the risk?

is it practical and acceptable to do some sort of background checks on the new people?  send someone to visit the house? 

also, Airbnb has some sort of protection but what are you doing with reservations coming from other platforms such as  booking.com VRBO etc?

thanks !

Itay 

Just have the correct STR insurance and don't sweat it

can you explain please what STR insurance is actually covering what is the cost and what is the deductible to get a sense?

Hi ,

I just list my house for short term

four  young people rent my furnished apartment via Airbnb for two weeks.  the person who rent it has one review . I know nothing about the rest.  few days in they asked to add 4 more people. 

hearing all the horror stories about parties and trashing the house, what are the tricks and ways to minimize the risk?

is it practical and acceptable to do some sort of background checks on the new people?  send someone to visit the house? 

also, Airbnb has some sort of protection but what are you doing with reservations coming from other platforms such as  booking.com VRBO etc?

thanks !

Itay 

Hi 

recommendtions for a Cleveland photographer, ideally with experience with airbnb photos 

thanks!

That's good to know and give some hope.. thanks for your feedback. Are you listing your section 8 rentals anywhere other than Zillow?

I have a sfh rental in Maple Heights Ohio. 4bdr 1 bath. I would like to rent for section 8 tenant . 

it was posted on Zillow for few weeks now.  house in decent condition . no application / no interest so far.is that make sense?

I thought there is big demand . I know its winter but still.. Any idea why?? are there any other platforms for such listing?