If you do, work to protect it! 

I do airbnb in all my rental arbitrage, they are the biggest player in the STR market.   

So your saying select No Damage Protection and just submit an extra charge when it's warranted? 

An LLC is useful for two things: anonymity and legal protection.

There are so many agencies protecting tenants—who’s protecting landlords?

They already lost some major players due to the state capping rates https://www.foxbusiness.com/lifestyle/california-insurance-c... will all insurance companies stop coverage, raise rates or reduce what they cover?

They then missed out on several more years of growth because they got out of the game and waited on the sidelines for things to look better. 2010 to 2012 was the period that cash investors were the players or those with IRA keep in mind investor loans were still basically non existent in those years for all those expect very well to do Investors beginners were not getting investor loans. 

An LLC is useful for two things: anonymity and legal protection.

In Tampa here as well.That is a question for your asset protection attorney, but most of our borrowers/clients in FL have LLCs.

I have heard that it's a good idea to form an LLC as an added layer of liability protection.