It will be up to you to monitor this, and take any action necessary to protect your investment.

Like @Andrew Steffens said, you still have to monitor it.

You should monitor the progress of this resolution.I hope this persuades the borrower to move forward.  

I bought a cheap used Simplisafe system and deployed the wireless motion sensor and glassbreak sensor only. paid $25/month and was able to monitor on my app. easy to move and cancel service.

I know some landlords even stay connect to the alarm on their units with an app just to monitor things but don’t include cameras (though that’s an option).With tenants moving out and that you buy the system you’ll be able to transfer the system to new tenants without a hassle.Installation and set is cake and very manageable without having to drill holes in walls or doors.

He spent like $300 on it and $15 a month for monitoring.  

Comment below if you're monitoring the forums for: Harrisonburg, Bridgewater, Front Royal, Rockingham County, Warren County, Virginia wine country, Staunton, Waynesboro, Shenandoah National Park, Massanutten Resort, McGaheysville, Elkon, Luray Caverns, Paige County, Skyline Drive, Mountain retreat, Mountain vacation, VRBO, James Madison University (JMU), Eastern Mennonite University...

For those choosing to incorporate the affordable units,  It also means paying the city annual fees to monitor your rent controlled units for complaince,  and a bunch of other rules designed to force you to spend/maintain equally on rent controlled and market units   (If you put marble countertops in the market units they want them in the rent controlled units too).   

My two of my three 24" inch monitors went broken in the past 12 months and my computer has been acting up.

A particular demand from some of the cities is that airBNB should collect certain types of information at the time of the booking, rental address, name of renter etc.. and transmit this information or make it available to the cities somehow, so the cities can utilize for checking against a database or registry of some sort to better monitor compliance etc...