However, I am worried about the outdated electrical and water systems for safety concerns.

You may be better off just paying for an umbrella insurance policy each year.

The amount and type of data they collect for "free" use is concerning. https://innago.com/privacy-policy/

He should be paying into workman's comp and be the experts in evaluating the level of risk.Do you have an umbrella policy in addition to the property’s policy?   

1) Make sure STR is allowed. 2) Get more and the correct forms of insurance to go with your umbrella policy. 3) Skip the LLC. 

I had a client right after Hurricane Michael who initially got offered half of what his damage actually was worth, but a skilled adjuster managed to get him a much more reasonable payout.Keep a Backup of All Your Documents:Store both digital and physical copies of everything-your insurance policy, receipts, photos, and videos.

When insurance companies face big payouts for natural disasters, it affects the rates of all of their policy holders not just those in the affected areas although high-risk areas are obviously affected more.

According to Airbnb's Major Disruptive Events Policy, you should be able to cancel without any fees to you or the guest. 

While there clearly is the possibility to make money in Somalia, given the things like coups, islamic terrorists, political instability, rampant crime, and lack of personal safety, the risks seem to far outweigh the rewards. 

Zillow will also offer climate history of a property alongside custom tailored insurance policies and carriers.