LLC for STRs or Is Insurace Enough?

[Tobias S.]

Hello guys,

I'm planning to buy my first two houses within the next two months. Originally, I planned to rent them out long term and decided not to set up an LLC, because I read that you could cover your risks via insurance with additional umbrella insurance and when you use a property manager, he were reliable in the first instance for the decent and risk-free condition of the property. Now I'm considering STRs and wondering if the same applies here when I use a manager who's also reliable for maintenance and repairs?