Limiting Liability Exposure

[Geri Born]

I have one master LLC and then sub-LLCs for each property. This way if a lawsuit occurs it is confined to that property. It can be a tax filing headache, but I figure this is the best possible way to ensure I limit my exposure. I also file my master LLC out of state and get each sub-LLC right to do business in my residence state. This way, someone has to go to extra work if they want to find the business - nothing shady, just a way to make sure I don't expose one property over another. I also have a good (not sure how great because thankfully never had to test) umbrella policy. I'm curious what others do or recommend?