Thank you in advance for sharing your knowledge and helping me create a safe and enjoyable experience for my Airbnb guests.Thanks in Advance I just finished building a pool that will be used by STR guests when I go to the mountains each winter. 1. fencing is around the entire property with gaps no larger than 4" 2. each gate has hardware above 56" and the gates swing out from the pool so a kid can't accidentally work the hardware and get into the pool area. 3. we flipped the screen doors to open INTO the house areas and raised the hardware above 56" 4. we will add a baby gate at the bottom of the stairs from the house to the pool since the screen door at the top of the stairs has a dog door that a kid could crawl out of. 5. make sure your liability insurance covers the pool and guests on your STR home policy  You can't plan for every possible outcome but as long as you have every code required safety mechanism in place and you're covered by insurance you do mitigate your risk. 

For those of you with other policies, did you have them write the policies to include everything Proper does or are you just trying to mitigate the risk by screening your renters well?

If you don't, you'll be better served by taking care of the other forms of risk mitigation (which you need to implement anyway) and not complicating yourself at this stage with an LLC.And be careful when transferring property with a QCD, you'll break the title chain and risk loosing title insurance.

Look for areas that are less prone to natural disasters or have more stable insurance markets.Risk Mitigation: Invest in properties with features that can help mitigate risks, such as fire-resistant materials or homes built to withstand hurricanes.Insurance Planning: Engage with insurance brokers who specialize in high-risk areas.

Double Closing Strategy:A-B and B-C Transactions:Develop a network of reliable buyers (A-B).Establish relationships with end buyers (B-C).Ensure smooth coordination between both transactions for seamless closings.Risk Mitigation:Implement risk mitigation strategies to address potential challenges in double closings.Have contingency plans in place to handle unforeseen issues.8.

This will mitigate potential parking issues and should give the primary renter some peace of mind.

Those buying to mitigate year end taxes for the 80% bonus depreciation.3.

If yes, how can I mitigate that?

Because rent rates are so high, if they were to do that they almost have nowhere else to go other than move out of the state.Little side story - I was a mortgage loan officer in 2007 and then was redeployed to the loss mitigation department at the same bank by 2010.

And to mitigate that risk, would you recommend stipulating in the contract that I could refinance at any time?