The lease agreement could include a clause stating that any excessive utility consumption would be brought to the tenant's attention, and define what is considered "excessive" somehow. 

Is it necessary to include photos of the exterior of the property for Airbnb? 

Per NJ law, must I include account number in the lease?

So I'm guessing it might depend on your state laws and personal situation. and make sure you know of any sticky items that would eliminate the protection you get from the LLC.

Plus, as mentioned your risk exposure would be huge if you didn't have a contract in hand to lease, plus they won't want to lease from you, because they are a Sticky or capture tenant.Start small and Make Your Big Mistakes Early.

Hi everyone I need some advice.I recently purchased a home to Airbnb and my parents are "Co-Signers" on the house. If I open up an LLC do my parents names need to also be on the LLC? I've read everywhere that they do ...

(myself included).

We are ok with making calculated risks with our money, but when you introduce other peoples' money to the equation as a variable it can get sticky.

It can get really sticky, cause frustration and ruin a friendship if expectations aren't set up front.

Can't include furnace, hot water tank, central ac and some other built-in appliances - check your local ordinances.