AirBnB and You: Information to Consider

While the idea of renting out part of your house to make some extra cash is an intriguing one, there are many small, hidden problems that can arise from the AirBnB model. It’s important in this day and age to protect you and your wealth from any potential liabilities. What may start out as an extra cash flow could easily turn into a giant cash sink of lawyers fees and insurance payouts.

It’s vital to take into account each and every risk that could arise, ideally under the watchful gaze of a qualified wealth or investment manager. For instance, most insurance policies don’t cover short term rentals, like those offered through AirBnB. This could leave you personally liable for any damages or accidents caused by your tenants. Only through careful financial planning and money management can you fortify yourself from any potential threat. http://hackronym.com/wealth-solutions-insurance-and-other-considerations-when-renting-on-airbnb/

Luckily, you’re covered. With over 20 years of experience in wealth and investment management, Richard Dwayne Blair of Wealth Solutions Inc has the experience necessary to make sure your hard work will pay off. Blair has expertise in insurance, securities, asset protection, and many other fields – all of this equals a professional who knows what he’s doing, and the best way to accomplish it. You can trust that Blair will take care of you, as he manages over $55 million in assets, and not just in Austin, TX.

Through a combination of state-of-the-art technology and proven results, Blair aims to create a professional, diversified investment portfolio for his customers. Blair has a long history in the financial sector, and his dedication to the field logically led to Wealth Solutions Inc forming in 1994. There are few people more qualified than Blair to get you on the right investment track, especially to meet any retirement goals you might have, you owe it to yourself to schedule an appointment.

Short-term rentals are just like any other investment. It’s important to have someone skilled by your side to help you navigate the investment landscape. Take the time and get a proper risk evaluation, and contact Richard Blair; your wallet will thank you.

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