Protecting Assests Without Transferring the Deed

[Andy Vasquez]

I live in DC and want to rent out the house that I am living in today. It is my understanding that I cannot transfer the deed into a LLC without paying a huge transfer fee. Is there anything I can do to protect myself from potential legal issues? Ideally, I would have liked to set up a LLC, but that doesn't seem reasonable when considering the fee associated with it.

[Kevin Sobilo]

@Andy Vasquez, purchase an umbrella insurance policy for liability coverage.