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Updated over 4 years ago,

Saravanan Varadan's profile image
Saravanan Varadan's profile image
Saravanan Varadan
  • from san jose, CA
  • Member since Jul 5, 2017
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User Stats

26
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4
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Saravanan Varadan's profile image
Saravanan Varadan's profile image
Saravanan Varadan
  • from san jose, CA
  • Member since Jul 5, 2017
Connect
Saravanan Varadan
  • san jose, CA
4
Votes |
26
Posts
Tax, SDIRAs & Cost Segregation

LLC Vs Umbrella policy

Saravanan Varadan
  • san jose, CA
Posted

I have umbrella policy and property management company to manage my 2 single family homes in Texas. I thought Umbrella policy is sufficient until I read Robert Kiyosaki The Real Book of real estate where he is saying LLC is a must have for rental properties. Just wanted to get experience from investors if LLC is a must have. Not sure if annual tax filing and setup costs are worth it.

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