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Updated almost 7 years ago on . Most recent reply

Rob Rogers's profile image
Rob Rogers's profile image
Rob Rogers
  • Rental Property Investor
  • from Alexandria, VA
  • Member since Feb 26, 2017
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5
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1
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Rob Rogers's profile image
Rob Rogers's profile image
Rob Rogers
  • Rental Property Investor
  • from Alexandria, VA
  • Member since Feb 26, 2017
Connect
Rob Rogers
  • Rental Property Investor
  • Alexandria, VA
1
Votes |
5
Posts
General Real Estate Investing

Protecting Yourself: LLC vs Liability Insurance

Rob Rogers
  • Rental Property Investor
  • Alexandria, VA
Posted

My wife and I own five rental properties.  What is the best way to protect ourselves from potential lawsuits, etc?

1.  Hold in our own name and purchase liability insurance (incl. umbrella insurance)

2. Create one Real Estate Holding Company (LLC) for all five?

3. Create five Real Estate Holding Companies (LLC) for each property?

Thoughts?  I have received recommendations to consider each of these three options. 

Thank you.

Rob

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