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Updated about 10 years ago, 11/27/2014

Mark Resnick's profile image
Mark Resnick's profile image
Mark Resnick
  • Renter
  • from Brooklyn, New York
  • Member since Jul 25, 2014
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33
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5
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Mark Resnick's profile image
Mark Resnick's profile image
Mark Resnick
  • Renter
  • from Brooklyn, New York
  • Member since Jul 25, 2014
Connect
Mark Resnick
  • Renter
  • Brooklyn, NY
5
Votes |
33
Posts
Insurance

LLC or Umbrella Insurance

Mark Resnick
  • Renter
  • Brooklyn, NY
Posted

I am in middle of buying my first ever rental property in Florida. It is a 4plex unit. I wanted to know if I should make an LLC for it or just get umbrella insurance? Can someone please explain to me the pros and cons regarding both. Does it also make a difference with tax savings?BTW I am not sure if it makes a difference but I live in NY

Thanks

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