Property on commercial Loan, LLC & renting it out through Property Management

[Naveen Desai]

I think I have searched the forum and does not seem to find scenario I am looking for.

Facts: Recently bought a townhome in SoFL on loan ( Investment Loan). Closing done, got the property, working on some fixes. Loan is on my name.

Plan: I want to rent out this property. Evaluating if I should have property management company or get help from a help who is in the area and interested to help manage the property.

Question:

While the loan is on my name, for the purpose of agreement with renters and/or property management company, I would like to have an LLC. Would it be the right way to do this?

What all points should I have to include in agreement with renters and property management company if I am able to do that contract through the LLC.

LLC itself is on my name with an appointed manager who is near the property and will manage it.

When I get insurance on the property, should it be business insurance as part of LLC or insurance with umbrella coverage, as property owner? ( although technically not yet an owner).

Although, I have done about 14 flips, this is first time holding property and trying to rent out a property.

All help appreciated. If there are points I need to know cautiously, please do feel free to private message me as wel.

Thanks & regards,

Naveen.