Hi everyone,I’d like to open this for discussion. Can someone list the benefits/cons of LLC’s and Umbrella Policies? I keep coming across conflicting information and am getting very confused. I am just starting out on...

In Tennessee the franchise tax for an LLC is very high. It is compounded by the home values being low (smaller depreciation) and the rents being high- and they tax on revenue not profit. Recently it was suggested to...

I have grown into 8 properties with 10 tenants with no LLC/umbrella insurance.  All properties carry a regular home insurance/property insurance though.  Any thoughts please.

Buying a property under general partnership with 2 other friends. Any recommendations for Umbrella insurance providers for each partner to cover any liability?

Hello BiggerPocket Community,

I know this question has probably been asked before, but after searching the forums, I couldn’t find a clear answer. My wife and I are starting our journey with our first STR and I wan...

Hi BP,Is 500k enough liability on a 2 bedroom single family rental property?Thanks for all and any answers.

Say I have two properties, both under separate LLCs and insurance policies.If I get an umbrella policy under one of those insurance policies, can it cover the other property as well? Or do I need to get two umbrella p...

I have 5 rental properties in my name. A FB friend mentioned that she has an umbrella policy on properties. Her explanation was vague, so I'm here to ask...What is an umbrella policy, does it replace the current insur...

Hi y'all.I'm closing on a duplex in Ohio and I'm looking for some home insurance advice. 
- I will not be living on this property- Duplex's s price is $90k in a C neighborhoodI already have Umbrella coverage of $5 mi...

I currently don’t plan on using an LLC for my rental properties, because I’m doing owner occupied properties and househacking my first couple with VA and FHA. Something I’ve been thinking about lately is having reserv...