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Updated about 6 years ago on . Most recent reply

Robert Myers's profile image
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Robert Myers
  • Rental Property Investor
  • from Lake Havasu City, AZ
  • Member since Nov 1, 2017
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Robert Myers's profile image
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Robert Myers
  • Rental Property Investor
  • from Lake Havasu City, AZ
  • Member since Nov 1, 2017
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Robert Myers
  • Rental Property Investor
  • Lake Havasu City, AZ
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General Landlording & Rental Properties

Good insurance vs LLC’s

Robert Myers
  • Rental Property Investor
  • Lake Havasu City, AZ
Posted

My wife and I own 13 multi family bldgs in Arizona from duplexes to 18 units. We are not sure if we should put each one into an individual LLC or keep them heavily insured. The thought of maintaining separate LLC's intimidates us but we don't want to leave ourselves exposed. Please advise.

Thank you,

Rob & Deb Myers

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    Jason D.'s profile image
    Jason D.'s profile image
    Jason D.
    • Rental Property Investor
    • from St. Petersburg, Fl
    • Member since May 8, 2017
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    Jason D.
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    Jason D.
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    Jason D.
    • Rental Property Investor
    • St. Petersburg, Fl
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    @Robert Myers it's not an either or, they have two different purposes. Insurance protects the entity that owns the property, the LLC isolates it and protects other entities. You should consider both.
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