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I would use a professional rental management firm.
If you aren't living in the area and can quickly access the property, this is a good idea. If your daughter is near the property, you may be able to just hire a cleaning company for turnovers.
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When you enter the hospitality business you have responsibilities for the safety of your guest.
Companies like AirBnB have host protection plans (insurance) that covers most types of potential loss or liability.
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Air B&B and VRBO are made for infrequent renting by local people.
Anyone using a visa gift card with a gmail account will have access to your place.
This isn't true unless you want it to be true. I have a an 80% occupancy rate on my AirBnB and host 90-100 guests a year. AirBnB gives me a fair amount of control over who I let book my property. We do not allow anyone to book without their identity being verified by AirBnB first, and anyone who has no booking or bad reviews requires a direct review by us before they can book. We reject 5-10 booking request per year.
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If you recall house parties when you were in High School when somebody's parents were out of town.
I lived in a complex with a roof top pool in FL and some units were ABNB, it drew a lot of underaged kids, packed in an apartment who would have been kicked out of a hotel.
AirBnB has implemented a number of safeguards to deal with stuff like this. We like to call it the "Party Rule" where local users cannot book an entire property (i.e. a house) within certain times periods (i.e. Halloween, NYE), within a certain period of time (I think it has to be at least two weeks between the booking and the stay), and certain age factors also apply. For example, someone under 25 who lives in Houston could not book my place for a stay that is less than two weeks out. I can't even override that rule as a host - They simply cannot book my place. I see a lot of doom and gloom about AirBnB like this on TA all the time, but the reality is that scenarios like this are not common.
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You can deduct a lot of things (just google it and/or talk to your accountant).
We run ours as a management company. All of our operating expenses are deductible, like utilities, property taxes, insurance, yard maintenance, etc.
