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Updated over 3 years ago,
LLC for a Short Term Rental?
Good afternoon everyone,
Newer real estate investor in North Carolina. We are under contract for a new primary residence and we have decided that we want to turn our current house into a STR. Wanted to get thoughts on if we should create an LLC for the STR. We plan on getting an extensive umbrella insurance policy but not sure if that is enough for liability. Thanks in advance.