Case Study

Multifamily

Property Management Company Increases NOI by $40.5K

New Orleans, LA

$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 Multifamily property for LOMA Success for a Multifamily Property Clipped by a Floodway

≈$178K in Property Value Added

LOMA Success for a Multifamily Property Clipped by a Floodway - Buckhannon, WV

Learn how National Flood Experts helped a multifamily property owner pulled into the SFHA by a map update achieve LOMA success, save $10,700 in annual premiums, and increase the value of their property by more than $178,000.

Image of Multifamily property for Houston Multifamily Property Saves Over $31K in Premiums

$500,000 in Added Property Value

Houston Multifamily Property Saves Over $31K in Premiums - Houston, TX

Learn how NFE's Flood Expert Survey helped a multifamily property in Houston, FL achieve LOMA compliance, remove additional buildings from the flood zone, save over $31k in flood insurance premiums, and increase property value by $500k.

Image of Commercial property for FEMA 50% Improvement Rule Avoided & Property Value Increased by $200K

$200,000 in Added Property Value

FEMA 50% Improvement Rule Avoided & Property Value Increased by $200K - Chattanooga, TN

Discover how a Chattanooga, TN, hotel owner saved $12K per year on flood insurance, added $200K in property value, and avoided FEMA’s 50% improvement rule by working with National Flood Experts (NFE) after being referred to NFE by their insurance agent.