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.

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National Flood Experts (NFE) delivered substantial savings for a multifamily property owner in Spartanburg, South Carolina. Utilizing advanced research and practical solutions like Flood Expert Survey (FES) and Letter of Map Amendment (LOMA), NFE successfully removed four buildings from the Special Flood Hazard Area. This led to nearly $14,000 in annual flood insurance savings and an impressive $228,000+ boost in property value.