Case Study

Multifamily

Property Management Company Increases NOI by $40.5K

New Orleans, LA

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

$40.5K NOI Increase

Solutions Found:

LOMA

Solution Value: $40,500 in Premium Savings

NFE Solution: Letter of Map Amendment

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

This particular scenario required our field team to visit the property and complete a Flood Expert Survey (FES) to gather building-specific data to confirm which buildings would qualify for flood zone removal or other cost savings. Ultimately, our engineering review resulted in 14 of 30 buildings being re-classified from an AE high-risk flood zone to an X zone (Yes, in New Orleans!), generating $40,511 in premium savings for property owners.

View Other Case Studies

Image of Commercial property for Vermont Shopping Center’s Annual Premium Reduced by $15K+

Shopping Center Saves $15K

Vermont Shopping Center’s Annual Premium Reduced by $15K+ - Manchester Center, VT

Learn how NFE’s engineering review identified a consulting scenario that helped a real estate investment firm reduce the annual flood insurance premium for a Manchester City, VT, shopping center by more than $15,000.

Image of Multifamily property for NJ & NY Commercial Real Estate Developer Saves $105K+

$1.75MM+ in Added Property Value

NJ & NY Commercial Real Estate Developer Saves $105K+ - Multiple, NJ

In this case study, a New Jersey-based Commercial Real Estate Developer partnered with National Flood Experts (NFE) to reduce annual flood premiums and increase the property value of their multifamily properties in NJ & NY. NFE successfully removed flood insurance mandates from 15 buildings, resulting in approximately $105,000 in annual cost savings and over $1.75 million in increased property value.

Image of Multifamily property for Mississippi Multifamily Property Successfully Removed from Flood Zone

$225,000 Added Property Value

Mississippi Multifamily Property Successfully Removed from Flood Zone - Starkville, MS

Discover how an introduction to NFE from their insurance broker helped a Multifamily Property in Starkville, MS, save $13,500 in flood insurance premiums and add $225,000 in property value. Working with NFE to uncover savings opportunities is a win for insurance agents and policyholders.