Case Study

Residential

$130K+ in Added Property Value Across TX Portfolio

Multiple, TX

$8K in Insurance Mandate Removed

Solutions Found:

Flood Expert Survey

LOMA

Solutions Value: ≈$8K in Flood Insurance Mandates Removed, Adding $130K+ in Property Value

NFE Solutions: FES (Flood Expert Survey)

LOMA (Letter of Map Amendment)

After meeting at the Houston multifamily Investor Network Conference, National Flood Experts (NFE) helped a Victoria, TX, based real-estate firm add over $130K in property value by reducing their flood insurance premium by $8K across several properties.

The Client had concerns about the impact of the FEMA flood zone on their multifamily, residential, and commercial properties across Texas and wanted to explore options to reduce flood insurance premiums and increase the value of their properties. After the complimentary desktop engineering review, the engineering team recommended Flood Expert Surveys (FES) to gather additional property-specific data to maximize potential savings for each property. Following the FES work, we were able to successfully qualify several properties for Letter of Map Amendments (LOMA), which helped the client save over $8K in flood insurance premiums.

The results didn't stop there as the solutions added over $130K in property value.

Thanks to NFE's in-depth analysis, the Client was able to reduce their flood insurance premiums and add value to their property. The Client was pleased with the result and was grateful for NFE's dedication to uncovering cost-saving solutions.

View Other Case Studies

Image of Multifamily property for LOMA Success for Randolph, MA, Affordable Housing Community

≈$123K in Property Value Added

LOMA Success for Randolph, MA, Affordable Housing Community - Randolph, MA

Explore how National Flood Experts helped an affordable housing community in Randolph, MA, increase the value of their property by nearly $137,000, remove lender mandates for several buildings, and improve annual NOI by $7,300+. Through NFE’s comprehensive engineering review, three buildings were successfully removed from the high-risk “A” flood zone.

Image of Multifamily property for Property Management Company Increases NOI by $40.5K

$40.5K NOI Increase

Property Management Company Increases NOI by $40.5K - New Orleans, LA

This Multifamily property got a major NOI boost in The Big Easy, adding $40,511 back to the property's operating budget!

Image of Residential property for NH Homeowner Relieved of Rising Flood Insurance Costs

Flood Insurance Mandates Removed

NH Homeowner Relieved of Rising Flood Insurance Costs - Bedford, NH

A homeowner in Bedford, NH, faced skyrocketing flood insurance premiums, nearly doubling their mortgage payments. They sought relief and their insurance agent recommended NFE as a trusted partner. NFE conducted a complimentary engineering review, qualifying the property for a LOMA. NFE assisted throughout the FEMA submission process, addressing RFIs and ensuring smooth progress. The homeowner obtained a LOMA, eliminating the need for flood insurance, improving property value and marketability.