Seeking Advice on Asset Protection for Short-Term Rental in Bradenton, FL — LLC vs Tr

[Albaraa Albasiri]

Hi everyone! I'm a short-term rental owner in Bradenton, Florida, and I'm exploring the best strategies to shield myself and my property from liability (e.g., accidents, lawsuits). Here’s what I’m considering: - Should I hold the property in an LLC? If so, should the deed be transferred to the LLC for liability protection? - Is placing the property in a trust (e.g., asset protection or land trust) more effective—or should I use both? - What types of insurance should I obtain beyond standard homeowner or landlord coverage (e.g., umbrella insurance)? Can anyone share personal experiences or examples of how they've structured this (LLC + trust + insurance) for short-term rentals in Florida? Also: - Are there attorneys or law firms in Bradenton or nearby (Sarasota/Tampa) you’d recommend who specialize in STR asset protection? - Any insights on typical costs—like LLC formation, trust setup, and legal consultation/ongoing fees in this region? Thanks in advance for any advice or referrals!

[John Underwood]

An umbrella policy will be much better than any LLC.

A trust offers no protection only anonymity.

LLC can be pierced be a good attorney and you could trigger the due on sale clause where you would have to pay off the whole mortgage after transferring into an LLC.