Miami Beach Chamber of Commerce’s Post

MAJOR INSURANCE CHANGES AFFECTING RENO INVESTMENT PROPERTY - Do you or someone you know own an investment property in Northern Nevada? CPAs, financial advisors, attorneys—are your clients receiving the most up-to-date information on the rapidly changing insurance landscape that could significantly impact property values? This is one of the most impactful changes I’ve ever seen to investment properties. The insurance market is evolving quickly, especially for multifamily investments. Older properties with outdated systems are facing potential sticker shock. A big thank you Kevin Musico from Goosehead Insurance for joining our Address Income team meeting and briefing our agents on these crucial changes. Older systems like plumbing, wiring, roofs may all need to be replaced or considered into the valuation for older properties. If you want to talk strategy and pricing and timing to sell let’s schedule a strategy session soon. ➡️ https://lnkd.in/gAzXBNdy 🏡 P.S. Reno real estate agents - We are activly recruiting to add to our growing company! DM me if you would like to sit down for coffee and I'll show you how Address Income can help grow your business using a modern approach. Trevor Richardson CEO and Founder | Address Income - - - B1002905 #reno #realestate #proptech #innovation #insurance #realestateinvestment

Multifamily professionals, how do you approach the skyrocketing cost of insurance in today’s market? We have a client in contract to buy a historic property in the midwest, and the few insurance quotes we are able to get are coming in at a whopping 500% over the current rates. Is this the new reality? If so, how does this affect your approach to the multifamily market going forward?

If you're a real estate investor, you know that things don't always go according to plan. You have a tenant suddenly move out. You have a building that you can't decide if you want to renovate or sell as-is. But no matter what, you want to make sure your property assets are protected. Berkshire Hathaway Homestate Companies - Property & Casualty insures all types of vacant buildings, both residential and commercial. Our flexible product means you will only pay for the coverage as long as you have it, so if you sell your property, you won't be on the hook for the remainder of your policy. And if you decide to do some remodeling or you have a tenant move in, no worries - we can still accommodate you! Talk to your trusted local insurance agent about covering your vacant properties with BHHC.

Rising #insurance rates got you down? You're not alone. Check out the South Florida Business Journal's latest cover story to learn how builders say increasing rates could impede development.

According to a study by The University of Alabama Center for Insurance Information and Research, FORTIFIED Multifamily™ is good not only for the tenants who live in the multifamily property, but also for the property owner's bottom line. Learn more: https://lnkd.in/gFbp9B69 #FORTIFIED #RealEstate #PropertyOwner #PropertyDeveloper #construction

Considering property management options?🏠 Learn about the different levels of service offered by letting agents, from tenant-find only to full property management! Paul Shamplina's insights shed light on the importance of time and long-term planning for landlords.💫 Read more on our partner's, Total Landlord Insurance, guide: https://bit.ly/3Wno1VK #Mydeposit #Rentcollection #Propertymanagement #Lettingagent

Here's How Some Apartment Pros May Deal With Higher Interest Rates, Insurance Costs Contact me to discuss the latest scoop in real estate! #buyersagent #listingagent #yoursouthbayhomes #sanfrancisco #sfrealestate #bayarearealtor #bayarea #california #bayarearealestate #californiarealestate

Here's How Some Apartment Pros May Deal With Higher Interest Rates, Insurance Costs Contact me to discuss the latest scoop in real estate! #newyorkrealestate #newyorkrealestateagent #newyorkrealestatebroker #longislandrealestate #nyrealestate #realestatenyc #realestateny #newyorkrealtor #nycbuildings #housingmarket

Attention commercial real estate investors, property owners, and developers! Our latest blog dives deep into the accelerating property insurance premiums and how they're reshaping the landscape of commercial real estate. Key Highlights: 🔹Factors driving up insurance costs 📈 🔹Implications for property valuations, tenant relationships, and lender requirements 🏢 🔹Practical tips for mitigating insurance cost impacts 💡 Don't miss out on these crucial insights that could affect your investment strategies and bottom line. Stay informed, stay ahead! Read the full article here: https://brnw.ch/21wI6kX #CommercialRealEstate #PropertyInsurance #InvestmentStrategies