For liability protection, consider umbrella insurance, and ensure your accountant understands rental properties qualify for deductions without LLC ownership.

You know, like any other INSURANCE PRODUCT.  

Airbnb tech team is working on it they said but this is how I added categories besides the ones Airbnb suggested for my listings) Hi Garrett, I'm new to the STR world, but I own a digital marketing company for insurance and have been an SEO for the last 16 years.

Failures: Had a house that burned down this month that wasn’t insured as high as I should have.

I always let them know what I am doing and let them know about airbnb insurance or let them know that you will take care of repairs that tenants will do. 

The mortgage was also raised due to insurance issues to about $1,950… so I am not making much cash flow, more like a cash trickle.

So most agents are only putting about half of that $12k in their pocket, and out of that $6k they have to cover all of their operating expenses: licensing fees, MLS/ Realtor Association fees, continuing education classes to stay compliant with licensing requirements, monthly "desk" fees/ technology fees to their brokerage, health insurance for themselves and their family, errors and omissions insurance (required), marketing, car, car insurance, gas, clothes, computer/ software, cell phone, closing gifts, signs, photography, staging if they offer that, etc.

Originally posted by @Alfredo Martinez:Hello, I am a contractor licensed and insured in New York & New Jersey. 

We owe $154k on the property and the interest rate is 4.25%, the monthly mortgage is $1050 with taxes and insurance.

You have the mortgage, taxes, insurance, maintenance, capital expenditures (roof, flooring, etc.), and also need to consider the cost of vacancies or bad tenants.I also recommend you charge market rate, for yourself and the tenant.