Did you just get an umbrella loan or...?

I do have a bunch of questions to post in the different forums, such as finding more financing resources since most banks wont allow me any more loans under the fannie mac guideline limits, Insurance has been a big pain for me also trying to find general liability coverage ( all my properties are condos/townhomes and insurance is provided for the dwelling through HOA dues ) so i need insurance, umbrella coverage for all my properties but none of the big players are willing to help so i will post in the proper forum also.

Still weighing the benefits of going that route or getting an umbrella policy.I'll probably pursue this after my taxes have been filed for this year.

You don't want to get yourself into any trouble, with discrimination (it's not always obvious), handling sec deposits, respecting tenant's privacy, steps in evicting, etc.You should consider getting a $1mm umbrella liability policy as well, to give you additional lawsuit protection.

This company is now under the Yardi umbrella, but they didn't bring the Yardi price tag.

That's how I have my two personally-owned properties set up right now (financed in my name and umbrella policy for).

I am currently speaking with her as she can do an umbrella for 10 rental properties.

Besides adequate insurance umbrella of millions, you should have a separate bank account, do not co-mingle funds, have adequate capitalization and don't buy groceries or personal items from the company bank account.

Yeah bankers have a saying in the business " A banker will follow you around all day with an umbrella covering you on a sunny day.

Also another option than getting multiple LLC's would to just get a large umbrella policy.