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Updated over 2 years ago on . Most recent reply
LLC vs Umbrella Policy
Trying to weigh the costs and benefits of LLC vs an umbrella policy for a long term rental? I have read an LLC can hurt your loan terms is the same true for umbrella policy. Wondering which one is safest and most cost effective. Thanks !
Most Popular Reply
@Nathan Kawalerski
Umbrella does not impact your loan terms. If you are buying single family rentals to start a good PM and umbrella policy should suffice.
Have yet to see a situation on a single family rental where someone was sued and the LLC protected them and an umbrella would not have.
- Chris Seveney
7e investments
16 Reviews
5.0 stars