Now, we have to deduct tax's, that's at least 20% gone, property tax's, PM fee's, Tenant Placement fee's, licensure fee's, any HOA fee's, and if working smart umbrella policy fee's, property insurance. 

Should we just forgo turning properties into LLCs and just add umbrella insurance?

Then you may want to consider additional personal liability protection or a separate umbrella policy for a $1M-2M is sort of standard depending on your net worth etc.3.

I have homeowners insurance (of course) and an umbrella policy currently, but am curious what other insurance and policies folks recommend as a STR owner.Do I need a STR policy on my homeowners insurance?

I personally believe that you should also have an umbrella policy.

Just have landlord/owners's insurance and perhaps an umbrella liability policy asyou get more assets. 

Its that we have to date spent well north of 10 Trillion dollars on arms which provide a protective umbrella over these "developed" countries. 

a good friend of mine is a farmers agent and he has done a lot of umbrella policies. def recommend him.

Hello all,What is the best way to determine the amount of coverage needed for an umbrella policy.

Where should I start? Any good companies, or things to look out for?