Pair that with a decent umbrella insurance policy, and you've got something that I've seen lawyers say is comparable in many respects to the goodies you get from an LLC.

This money covers security deposit and first months rent" (or whatever policy you put in place).

I have a late policy that prohibits habitually late rent.

I'm a relative newbie - we own 5 rentals with traditional conventional financing, no LLC, and a good umbrella policy.  

I did mitigate the risk by building a team of A-players and getting a coach with lots of experience to be my "insurance policy" but if I'd do it again I'd get a partner to share the load. 

Yes, you can cancel an instant booking reservation if the traveler does not meet your stated House Rules, Policies, or Terms and Conditions.

Such as: Governmental Policy (laws, acts, committees, and "affordable housing")The Fed  (monetary policy, interest rates and easy money)Federal Agencies (Fannie/Freddie/HUD)Lending (easy money, non-conforming loans, No Doc loans, Ninja loans) Fraud (everywhere?

Some people will say, "Take out a quality Insurance Policy and you will be protected."

Some people will say, "Take out a quality Insurance Policy and you will be protected."

Here is the best part: New York City evictions, due to anti-landlord policymakers and judges, can take as long as 60-90 days to process, meaning that fines could be anywhere between $70 & $100K...To prevent that from happening we have implemented a zero tolerance policy across our entire portfolio and have been forced to take a MUCH more hands-on approach to managing our buildings, including: Monitoring Airbnb, VRBO, Homeaway and other sites SEVERAL times a day.Periodically knocking on doors of tenants we suspect are illegally subletting.Removing locks/installing keyless entryAmmending leases to allow for impromptu inspections/termination clauses.Has anyone else out there in NYC or SF encountered this issue?