Does a Rental Property LLC Truly Protect Other Assets?

[William Coet]

Is it ironclad protection of other assets to put a rental property into an LLC? Are there instances where it can be insufficient and other assets are put at risk?

Thanks

[Bill B.]

The most obvious is you personally are held responsible then you lose the llc’s properties and your own. And you are at least 10x more likely to be sued for something you personally do. That’s why you’d better off with an umbrella policy.