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Updated about 4 years ago on . Most recent reply

User Stats

51
Posts
19
Votes
Stipe Ba
  • Rental Property Investor
  • Cleveland, OH
19
Votes |
51
Posts

Put rentals in LLC or just get umbrella insurance ?

Stipe Ba
  • Rental Property Investor
  • Cleveland, OH
Posted

I have two rentals which were originally home owner occupied homes. They both have mortgages in my name and was considering transferring the title in a LLC for liability purposes . What does everyone recommend ? Should I leave them in personal name and put a umbrella coverage on them ?

My other concern is will this be a issue getting additional properties if mortgages are under my personal name and the properties are in llc ?

Opinions ?

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