But first and foremost is for him to protect himself and my opinion is for him to keep collecting the payment and put it in an escrow account to determine at a later date.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

I did plan to quit claim these properties into my LLC for asset protection purposes, but I don’t think this helps with the credit score unless the mortgages are in the name of the LLC .

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

In preparation to dissolve the two entities (limited partnership and LLC) I spoke to an attorney who has advised keeping both entities open for at least four years to protect against 3rd party claims.

They have competitive rates and certain rental protections that give some level of comfort to you as a landlord. 

@Reed Bowling I am not on Airbnb - but my guess would be - your 1st line of defense would be your homeowners policy for your entire Property and 2nd would be the policy that Airbnb provides as part of their service when you list on their site - protecting you and the guest.

(Every decision you make from here forward is based on this decision.)2) I always suggest working with a broker, preferably a national broker who is licensed in all 50 states, so if you decide to invest elsewhere or want to bundle your personal protection and you're in another state, you can keep everything consolidated.