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Mark Resnick
  • Renter
  • Brooklyn, NY
5
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33
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LLC or Umbrella Insurance

Mark Resnick
  • Renter
  • Brooklyn, NY
Posted Nov 27 2014, 10:04

I am in middle of buying my first ever rental property in Florida. It is a 4plex unit. I wanted to know if I should make an LLC for it or just get umbrella insurance? Can someone please explain to me the pros and cons regarding both. Does it also make a difference with tax savings?BTW I am not sure if it makes a difference but I live in NY

Thanks

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