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Posted by TMS2000 on

What to Consider When Renting Your Property on Airbnb

For most individuals, renting their entire or part of their property on Airbnb is a fast and simple method of making money. This procedure allows most homeowners to earn money they require to pay for their residential property by hosting visitors on short term basis. There are several factors to consider when renting your residential property via Airbnb. These include:

Potential Risks

You are likely to face several risks when hosting tenants in your property. You are also responsible for any damages on your property or neighbor’s property left by the tenants. Furthermore, if any guest is injured, it is your responsibility to ensure that he or she receives the right treatment. At times, tenants may refuse to pay the rental fees. As a homeowner, you should be prepared for such risks.

Insurance Cover

You should note that short-term rental facilities are not covered by most homeowner’s insurance plans. This means that you are liable and responsible for all costs incurred by your guests.

Protection

Airbnb offers secondary coverage protection to its clients. As a property owner, the protection is only effective when you have completely exhausted your resources. You can therefore decide on whether you want to host short-term guests. It is advisable to speak with qualified insurance professionals or wealth and investment managers such as Richard Dwayne Blair of Wealth Solutions.

Richard Blair

As the main owner of Wealth Solutions, a company headquartered in Austin, Texas, Blair has been offering wealth and investment advice to clients for 22 years. Blair’s Wealth Solutions offers financial planning services and information regarding funds to wealthy people. Through professional partnerships with companies such as Crownbridge Wealth LLC, Blair Insurance Group LLC, Worldwide Ventures GP LLC and United Global Securities, Blair has assisted many people to achieve their investment goals.

Richard Blair’s areas of specialization include integrated and financial planning, estate tax planning, employee benefits, insurance and asset protection. He has more than $55 million assets in terms of investment. Blair’s passion for financial and investment planning compelled him to emancipate himself on the modern financial trends. He began his financial services career after graduating from college and creating Wealth Solutions in 1994.

Wealth Solution’s Services

Wealth Solution offers trusted and expert financial advice to clients. The company also offers retirement planning through a series of stages. They advise clients to begin planning for retirement early. This involves amassing, developing, managing and investing wealth to the final step of retiring. Based on Blair’s expertise and knowledge, you can create a financial plan by assessing your assets, establishing goals and developing a working action plan.

http://www.wealthsolutionsria.com/contact

Posted by TMS2000 on

Andy Wirth King of the Mountain at Squaw Valley

Andy Wirth is the chief executive officer of Squaw Valley Ski Holdings. He is the motivating force and power at this iconic ski resort that has seen enormous changes since his involvement with the resort, local businesses and employees and residents of this picturesque location. Read more: Andy Wirth – About.me

He has a strong commitment to the local environment and has a history of environmental support beginning with his father who was involved in writing some of the foundations for forest preservation in the country.

Andy Wirth is not only a skier but a triathlete as well, unfortunately he is also a skydiver who nearly lost his life in a horrendous landing in which his arm was severed from his torso.

Wirth is a fighter and after multiple surgeries his arm was reattached and he was rehabilitated to continue his frenetic life at Squaw Valley. After the accident he co-founded an Ironman team, named “Wounded Warrior Support”. Read more: Andy Wirth Elected Chairman of Reno-Tahoe Regional Air Service Corporation

The team honors the work done by the Navy SEALS and raises money for the Navy SEAL Foundation.

Andy Wirth was instrumental in combining Squaw Valley with the adjacent ski facility, Alpine Meadows, into a combined mega-ski resort connected by a new gondola that allows skiers from Squaw Valley to ski the trails at Alpine Meadows and vice-versa. Along the way Wirth spearheaded an opposition drive to incorporate the ski area that would have taken control away from Wirth and the ski area itself.

Andy Wirth recently was appointed to the Reno-Tahoe Airport Authority Board. His immersion into the tourist industry in this piece of paradise is complete and you can be certain that he will continue to tirelessly work toward the betterment of the Squaw Valley and Alpine Meadows areas. We only hope he limits his skydiving.
Learn more about Andy Wirth: http://andywirth.com/ and http://tahoetopia.com/news/interview-squaw-valley-ceo-andy-wirth

 

Posted by TMS2000 on

Issues With Insurance That Need to Be Considered before Renting

Among the ways to bring forth greater finances involve renting out rooms. Homeowners are actually getting more involved with that so that they can bring in more income. In order to rent out rooms, homeowners are using different rental platforms in order to help them achieve their objectives for renting. The only issue is that there needs to be a lot of thought paid to the implications, both legal and financial of renting as an amateur. Among the things to consider is that short-rentals are not covered by many homeowner’s policies. There is also a lot of risk that a tenant will bring to the homeowner.

Fortunately, there are people that are willing to help others when it comes to financial decisions. Among the people that are very helpful is Richard Blair. He is the owner of Wealth Solutions Inc. which helps people make financial decisions in many different aspects of their lives which include retirement and other potential issues that need to be solved. Richard Blair is also a Registered Investment Advisor. He is very passionate about helping people manage their finances so that they can achieve financial independence and even avoid certain problems down the line.

One thing that Richard is drawn to is the world of education. He understands that education is the key to success. Another thing that draws him to education is that he is part of a family of teachers. His grandmother, mother and wife are all teachers. For one thing, he understands that teaching can help people become more confident as a result of the knowledge that they have gained. His field of interest has turned out to be the financial services industry.

He eventually founded his firm called Wealth Solutions in 1994. Through his firm, he provides advice to people without any biases or subjectivity. This allows people to make sound decisions about their finances. They will also be able to assess all of the risks in order to come to a decision as to whether or not to go through with something that they are considering. Richard Blair wants to make sure people are able to make profitable choices.

http://www.wealthsolutionsria.com/blog/march-16-2016-insurance-issues-to-consider-before-renting-on-airbnb