Airbnb Experiences an NHG tale

but there must be an option, people are doing it all the time

 

EMB do not cover subleasing

 

1. Lease agreements
Between you and tenant, or between you and the owner?

Common types of leases:

a. residential lease agreement
b. boarding room agreement
c. resi-commercial​

You need to work out what product you're delivering, and what it is your end objective.
STR vs LTR, which community, what type of building, what type of lease etc.

2. Insurances
You will require different insurances:

a. building insurance
b. tenant insurance
c. public liability insurance
d. professional indemnity insurance​

The trickiest one for me was professional indemnity.
In general, it has become harder to navigate and extremely expensive post covid.

Don't look for an all-in-one. Shop around in parts.
There are several ways to package this together.

For residential deals there is a person in QLD, they will only insure you for the building, they won't insure you for loss of rent since they got screwed over covid.
I personally self-insure for loss of rent. Just create better systems to ensure you get paid.

Consider joining some professional organisations for access to their insurance products.

The larger mobs self insure.
eg. $4-8k per property per year *200 properties = $800k - $1.6M per year.

If you find some leads, feel free to PM me, and we can compare notes.
I won't post more specifics here. It is a tricky one to figure out, and a barrier for entry.
I love talking shop with those in the game.