AirBnB gives the illusion that you can just rent out your apartment without any precautions. I've stayed in a few dedicated holiday apartments and almost without fail:
1) They are furnished with the basics and that's it. No valuables and nothing that can not be easily replaced.
2) The owner or an employed managing agent interacted with us (either at the apartment or when we fetched the keys) when we arrived and left.
3) They had insurance in place and 80% of the time when I signed for the apartment I was also signing my own liability.
If you are prepared to rent out a fully furnished (and in this case full of valuables) apartment to strangers you need to be prepared for the potential massive downside. 99% of your guests may be hassle free but it just takes that 1% to wipe out any financial upside and even then they may not even do it on purpose - accidents can and do happen.
I'd say your last sentence applies to renting out any kind of apartment. Once you catch the occasional deadbeat tenant (not paying rent for months, damaging the floors etc.), your business case is FUBR.
1) They are furnished with the basics and that's it. No valuables and nothing that can not be easily replaced.
2) The owner or an employed managing agent interacted with us (either at the apartment or when we fetched the keys) when we arrived and left.
3) They had insurance in place and 80% of the time when I signed for the apartment I was also signing my own liability.
If you are prepared to rent out a fully furnished (and in this case full of valuables) apartment to strangers you need to be prepared for the potential massive downside. 99% of your guests may be hassle free but it just takes that 1% to wipe out any financial upside and even then they may not even do it on purpose - accidents can and do happen.