Liability Management for beach rentals?

[Atlrock]

I own several short term beach rental properties.  What is the best way to manage my liability exposure on these properties?

[jfoxcpacfp]

In addition to appropriate insurance coverage, you should use one or more LLCs (NOT S-corporations). If you are in a state allowing series LLCs, that would be perfect. Otherwise, you have 2 choices:

• Put them all in the same LLC. Less complexity and lower cost for administration but if the LLC is sued for one of the rentals, all are at risk.


• Put them in separate LLCs. More administrative burden and costs but your liability is limited only to individual properties in the event of a lawsuit.

[Atlrock]

Thank you Johanna!  That is consistent with my thinking.