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Updated 10 months ago, 02/13/2024

Drew Beale's profile image
Drew Beale's profile image
Drew Beale
  • Member since Jan 10, 2023
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Drew Beale's profile image
Drew Beale's profile image
Drew Beale
  • Member since Jan 10, 2023
Connect
Drew Beale
1
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3
Posts
Starting Out

LLC or Umbrella Insurance? Turning Current Residence Into First Rental Property

Drew Beale
Posted

I recently purchased a new primary residence and plan to turn my current home into my first rental property. I'm not expecting to purchase any more investment properties in the near future. With this said, is an LLC necessary at this point in time? Or will standard liability insurance + an umbrella policy suffice for now? Thanks for the input!

Quad Cities, Illinois
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