Umbrella policy Vs. LLC or both
Not sure this is the right place for this post but here it is anyways. I now have 4 SFH that i rent out and feel like its time to start thinking about some liability protection. I've started an LLC but still carry the homes in my name because the bank wouldn't loan me money otherwise. I do own 3 outright so i could move them to the LLC. Well after talking to a couple REI that i know and they said they don't have their homes in a LLC and they just carry a Million dollar Umbrella policy.
So what does everyone think. What are you using? One the other or both? Thanks for the help.