Wealth Solutions’ Advice before Renting on Airbnb

Renting your home on Airbnb may seem like a quick way to make money. Homeowners can easily earn money by hosting travelers for a while. However, this can result in several unexpected problems. For example, temporary renters can damage your home to the extent that your homeowner insurance may not cover. As such, you are left with unanticipated legal and financial issues. Consider the following factors before renting your home through Airbnb and other organizations. Learn more: http://www.manta.com/c/mtr4ztj/wealth-solutions




By taking in tenants, you become liable for any injuries to the guest, theft, lawsuits, illegal activities, and damage to your neighbor’s property.


Insurance Coverage


Most homeowner’s insurance policies rarely cover short-term rentals. That means you become liable for expenses incurred by your tenant.




Airbnb only offers secondary coverage. Airbnb kicks in after you have exhausted all your resources.


About Wealth Solutions


Wealth Solutions is a duly registered investment advisory firm that specializes in the provision of comprehensive and customized financial consulting services. It targets wealthy families, individuals, and small enterprise owners in Austin and its neighborhood such as Marble Falls, Houston, Bastrop, and Georgetown. As the financial markets undergo a cycle of transformation, Wealth Solutions believes that the available financial strategies should evolve to adapt the changing environment.


Wealth Solutions looks forward to offering dynamic and yet conservative financial solutions to its clients throughout Texas. Its products and solutions will help investors to minimize the associated risk while maximizing their profitability. Wealth Solutions acknowledges that many people want to leave a legacy behind for their heirs and maintain a steady income flow even after retiring. As such, it helps investors to develop comprehensive financial and investment plan even as they look forward to fulfilling their retirement dream.


About Richard Blair


Richard Blair is the founder of Wealth Solutions, a Texas’ based investment advisory firm. Through Wealth Solutions, Richard Blair has positively impacted the lives of individuals, families, and small business owners. He is a duly registered financial advisor with over 20 years of experience in financial services industry. Learn more: http://anthonycioe.com/richard-blair-providing-sound-investment-and-wealth-solutions-to-clients-in-austin-texas/


Having grown in a family with a teaching background, Richard Blair became passionate about the world of education. He devotes to helping investors in complex financial and investment procedures. Richard Blair ventured into the world of finance in 1993 after graduating from college. In 1994, he founded his financial advisory firm, Wealth Solutions.


Mr. Blair has extensive knowledge and experience in retirement planning. He often helps his clients to bridge the gap between retirement planning and living in retirement. He helps them avoid common financial mistakes. Mr. Blair’s goal is to assist his clients in realizing their retirement dream. Learn more: http://creditorweekly.com/index.php/2016/05/26/investment-strategy-with-richard-blair/


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