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Updated 6 days ago on . Most recent reply

Pros/Cons to converting primary/secondary homes to LLC for long/short term rentals
Seeking insight from anyone who has converted their home(s) into an LLC for short- or long-term rentals versus simply extending an umbrella insurance policy. Our primary goal is liability protection; potential tax benefits are a secondary consideration. Would appreciate hearing about your experience or recommendations. Homes are in Suffolk County, LI, NY. Thanks!