@Joshua Perelli as a PMC, we have an indemnity clause in our management contract, so we're protected by the owner.You'll want to be willing to sign such a clause with a PMC to take on this risk.

If you’re ever in doubt, you can ask for more information from the guest through Airbnb’s messaging platform, but never take the conversation off-platform.If you were doing a longer rental (like 30+ days), you'd want to have an off-market rental lease in place, but for anything on Airbnb, it's best to keep everything within their system for your own protection.

Also looking to understand strategies for asset protection while investing in different states.🤝 Fill in the blank: If I could make a great connection with someone who is an expert in __Asset Protection_______ at BPCON2024 then I would leave BPCON happy🗓️ What session are you most looking forward to?

Finally, adhere to legal regulations and best practices to protect your investment and reputation.

It doesn't provide as much protection as most people think, it's not as easy as they think, protection isn't as necessary as you think, and it may actually hurt you by complicating your life.An LLC is useful for two things: anonymity and legal protection.

If a quit claim deed was used to transfer title in a normal sale one just wants to make sure the chain of title seems clear and that the owner issuing that deed had clear ownership.This is why we have title searches done and pay for title insurance to research these sorts of things and to protect us against the oddball unforeseeable circumstances.

If things don't work out, protect your $!

I can see VRBO trying to protect their brand and set a bar of excellence with this.However, it also makes you wonder if they are being rated accurately. 

If I felt that way, I wouldn't make the agreement to begin with and I work hard to communicate clearly, calmly, and effectively to keep it from getting to that point.I am also open to compromise as my lease offers me protections that I may not need to exercise in all situations to get a fair outcome. 

Most who propose this arrangement do so believing they are adding a layer of protection or separation between the property or themselves and the operation but that's total nonsense as well.