Running multiple rental properties

[Wakes Andre]

I have a few rental properties and I need some advice on how to set the process correctly. The first one I signed a contract directly with the tenant and second through the realtor.

I'm thinking to open an LLC and next year sign agreement using my LLC instead of signing as an individual. I want all transactions to go through my LLC account, like insurance, HOAs, Taxes, and other expenses, as well as income.

I have an insurance for each property, but I'm thinking of getting another policy an umbrella insurance to cover both properties and to protect my personal assets.

Could you tell me please if it's a right way of organizing rental assets or there is a better approach I should consider? Thank you in advance for any recommendations.