I have worked a fair amount with LiAlH4 and although it is very moisture sensitive, it should be fine in normal air. Pouring water over the compound though will create flame. (Known from experience) A simple dehumidifier for a small room should suffice. Remember also though that if you are combining LiAlH4 and water you are producing hydrogen, so ensure there is nothing in the room which could cause a spark of any type.
As for any rebottling procedures, I do not reseal the bottle with an inert gas. I simply only open the container for the least possible amount of time and leave it at that. This will eventually degrade the compound but depending on the amount the bottle is open it should still last a long time.
Let me know if you need more information.
Just curious, what are you doing with the lithium aluminum hydride?