LLC or other form of asset protection?

[Nicolette Alger]

My husband and I closed on our first two properties a few weeks ago. We need to set up some sort of protection. We were thinking about putting them into an LLC, but with my reading there seems to be drawbacks to that. Others have suggested using an umbrella policy.

We would love thoughts/advice on whether or not to use an LLC, and if not, what other kind of protection for the properties? What do you use?

[Omar Khan]

@Nicolette Alger As @Caleb Heimsoth pointed out the search function is your friend :)

Agree with @An Duong, an umbrella policy is great. Personally, I think, at your level, it is a better alternative because it is cheaper, more efficient use of your time, effort and money and comes with less hassle in case something goes awry.