Hey guys! I’m in the process of transferring my Airbnb property into an LLC. The quit claim deed is already complete, but when I went to update the homeowners insurance, my agent told me that only a few companies will insure properties held in an LLC in Florida, and the new policy would cost about $700 more per year. Now I’m starting to question whether keeping the property in the LLC makes sense, since my only goal is liability protection. Between the LLC renewal costs and the higher insurance premium, I’m estimating it will cost me around $1,000 more per year just to hold the property in the LLC. Since I’m not planning on scaling and buying additional Airbnbs, I’m wondering if there’s a more cost-effective way to get similar liability protection. For example, would it make more sense to transfer the property back into my name and add a larger umbrella policy instead? Am I thinking about this correctly? I’d love your recommendation on whether the LLC provides enough additional benefit in my situation to justify the extra annual cost, or if there’s a smarter way to structure this. I’m also not factoring in any additional business tax return costs since it would be a single-member LLC and everything would flow through my personal return. Thanks for any help!

Hi Team! I’m about to sign with RECost Seg. Who has used them before and has a referral code? Maybe we can split the gift? 💰

Hello! I just finished my intro call with R.E. Cost Seg, and they mentioned a 10% discount if I use a referral link. Has anyone here worked with them before and has a link that I can use? Thank you!