Richard Dwayne Blair has been involved in financial services since 1993, when he graduated from the University of Houston, with a Bachelor’s Degree in Finance and Financial Management Services. Mr. Blair is a firm believer in education, with good reason. His wife, grandmother, and mother are all teachers so it is only natural for Richard to teach others how to manage their financial affairs successfully. Mr. Blair’s natural acumen for finance and instruction led him to become the founder of Wealth Solutions, Inc., an investment advisory business, in 1994. Over time, Mr. Blair perfected his knowledge in retirement planning and began teaching his clients how to go from planning their retirement to actually living the plan to have a good retirement.
Richard Blair has some solid advice for those who would like to make some extra money by renting out a portion, or all, of their home or other property to property rental agencies like Airbnb. Hosting folks who want to vacation in your area sounds harmless enough and would certainly help pay the mortgage. There are, however, a few things to consider and good advice to heed. Think about damages that could happen and how that expense will be covered, especially if the renter has not paid up front for use of the property. There are many people who will not be as careful with your property, or your neighbors’, as you are. There is also the possibility for criminal actions to occur on your property. Any of these possibilities can be costly so check your insurance for proper coverage. Most homeowners’ policies don’t cover renters and Airbnb’s protection offering will not help you until you have no alternatives, so you are left holding the bag.
After considering all of these events, and the decision is made to go forward with trusting all or part of your property to strangers, consider seeking the aid of an insurance or wealth and investment manager, such as Richard Blair and Wealth Solutions, Inc. He will offer good advice, suited to your particular position. Richard Blair has over 22 years experience and will provide excellent guidance in your situation, whether it be in property rentals or advisory services, financial planning, or other fields where those with a high net worth may need an expert in areas such as Estate Planning, Estate Taxes, Securities, Insurance, Financial Planning,Annuity Specialist, and more.
For more information visit: https://www.wealthminder.com/financialadvisor/TX/bee-cave/richard-blair/bb677