Multiple LLCs vs LLC and land trusts

[Andrea Kugelman]

I spoke with my lawyer and my CPA today and they both have different suggestions.

I own a few buy-and-hold and will be managing rental properties for others as well. 

My lawyer suggests 1 LLC with the properties in it and a second LLC for the management company.

My CPA suggests land trusts with the LLC as the beneficiary and trustee for the properties and manage the properties (even those not mine) under the same LLC.

How do I know what is best to do? I am looking for legal protection and asset protection. What type of insurance do I need for each of these scenarios?