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Updated about 4 years ago on . Most recent reply
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What types of protection do I need for my rental properties?
Hello, all. I am still preparing to buy my first rental properties. For my properties, what types of protection are best to protect myself and my assets? Do I need to have the properties under an LLC and what are the benefits of having an LLC? What are the pros and cons of going the LLC route versus having insurance policies that protect my property?
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@Tim Matthews
Skip the LLC and buy $1,000,000 umbrella policy on top of $300,000 liability.