Expertise of Richard Blair on Short-term Rentals to Paid Occupants

Wealth Solutions Inc. specializes in wealth management and financial planning for retirement, estate, and trust. The company provides plenty of resources on insurance, tax, money management, and other financial planning topics. Insurance is complicated when homeowners and property owners rent to tenants on a short or long term basis. Individuals who rent their properties for vacationing or short term without required insurance coverage may be at risk. Richard Blair, the founder of Wealth Solutions knows this to be factual and reveals some of the issues pertaining to insurance and provides advice to property owners.

 

The internet is used today to rent rooms, apartments, studios, and houses on various online platforms, such as Airbnd and VRBO. Mr. Blair believes those type of websites comes with risks and doesn’t provide enough protection for the property owner. Homeowners who rent rooms to tenants are more likely to experience insurance issues. Often, they don’t realize that tenants aren’t covered in most home insurance policies and commercial coverage is a required to protect the tenant and property. When occupants pay for lodging using any of the rental platforms on the internet, the property owner should notify the insurance agent immediately.

 

Assume an occupant caused damages to the owner′s property or was hurt on the property, the insurance company will deny the claim if there isn’t a commercial policy. Homeowners insurance normally covers accidents that happen to visitors and family members. The policy also covers theft, property damages, and lawsuits. For coverage protection for short term paid occupants, the property owner has to possess a commercial insurance policy. Wealth Solutions Inc. provides insurance resources to help property owners with estate financial planning, insurance, and taxes.

 

Wealth Solutions Inc. Founder, Richard Blair is one of top investment advisory firms in the State of Texas. Mr. Blair has two decades of experience in the financial advisory industry and providing financial planning services. He is registered and certified as an advisory and specialist for estate, trust, fund, and annuity.

 

Richard Blair informs property owners to be aware of possible insurance problems, personal liabilities, and legal consequences using online renting websites. Before actually renting to occupants short term, inform the insurance company to create a commercial policy and inquire with city governance concerning license, inspection, and taxes. The bottom result is a peace of mind for all parties involved in short term rental transactions.

Learn more about Richard Blair

Understanding The Role Of Investment Banks In The Economy

If you think all investment banks do is investment money into stocks and bonds and then sell them off for a profit, then you are wrong. Investment banks perform a large variety of financial tasks besides investing in stocks and bonds. For example, did you know that investment banks help companies proceed with a merger with another firm?

In the case of mergers, an investment bank help the merging process to go through smoothly. They do this by minimizing disruptions caused to both companies and helping to lay out a restructuring plan that incorporates both firms into the newer and large firm that results from the merger.

Another task that investment banks perform is guiding a company through an acquisition of another typically smaller firm. In this role investment banks can act as mediator or middlemen. They often help ensure that the deal is fair for both parties, so that the acquisition can go through with minimal turmoil.

Investment banks also provide portfolio valuation services to clients. In portfolio valuation, an investment bank provides an unbiased valuation of the assets of a company or individual based on current and projected market value of the assets.

Helping companies raise capital is one of the investment banks most important tasks. They often value the stock of a company, and then are actually involved in the selling process. For this service, investment banks charge fees or get a percentage of the shares sold.

Martin Lustgarten, is an example of an investment banker who has dealt with the tasks outlined above. He has created his own firm called Lustgarten Martin which operates out of Florida. The firm specializes in investment in Central, South and North America.

Martin Lustgarten is fluent in Spanish and is well acquainted with the culture and business environment of Central and South America. He lives in Ponte Vedra Beach, outside of Jacksonville, Florida. Mr. Lustgarten is an avid collector of rare watches and other rare antiques. He also trades in antiques in addition to managing his investment firm Lustgarten Martin.