When is it time for an LLC?

[Joe Boggin]

I know a lot of people have different approaches to protection want to comes to buying homess? My CPA told me that if I were to buy more than one property it would be in my best interest to have an LLC for every property. I'm aware that is an extremely conservative approach because there is always that "what if" scenario.

I feel property owners really have to be asleep at the wheel for a substantial pay out to be awarded.  Has anybody ever heard of a landlord losing everything he owns including his primary residence where his children are raised and his family getting kicked to the street because they didn't install a banister correctly or there was a fire because of an outlet was not wired properly?!  

If you were to have rental properties in each of your tenants sign a lease are there clauses you can put in the release that waives any and all liability to the proper owner?!  I know asset protection is about layers and I'm wondering that having a lease with a worded clause offers any sort of layer of protection?!