Having both under one umbrella should put them at a great advantage.

You’d think of all the bought off suits they would propose a bill for Airbnbs liability as an “umbrella” STR license and hosts would have an apportioned amount withheld through individual earnings to operate under that license. 

I'm looking to get an umbrella insurance policy.

Tax benefits with or without an LLC are effectively the same.The best protection starts with 1) ensuring your property is in good condition 2) following the law 3) having good insurance, possibly including an umbrella.  

Just look for a commercial umbrella.

I thought about including our umbrella but didn't want it to cause confusion.

I later unwound the whole structure and went with $500K liability per property and a $2M umbrella. 

As the other poster mentioned - make sure you set it up properlyIf you are looking for financing you will pay higher jnterest and higher down payment having it in a LLCMy recommendation to people is for their first few properties it may be worth putting in your own name and have an umbrella insurance policyIt depends on what assets you have.

Many people claim you need one for risk mitigation, but you can get an umbrella policy on your homeowners insurance and mandate your tenants get renter's insurance with you included as an interest or insured to help mitigate this.

- From Rookie podcast, I heard it's good to have an umbrella policy.