Flood Insurance Solutions to Increase Multifamily NOI
Lowering flood insurance costs can significantly impact your multifamily NOI. The cost of flood insurance is a significant operating expense for many properties. By eliminating or reducing these expenses, property owners can increase their multifamily NOI, boost property value, and improve profitability.
98%
Win rate with FEMA
15,000+
Structures Reviewed
$1,000,000s
in savings
Ways to Improve Multifamily NOI
- Reclassification: Reclassifying your property out of the high-risk flood zone can eliminate lender mandates for flood insurance.
- Insurance Savings: Our engineers look at all aspects of the property and use engineering data to find additional savings within your current policy.
If you're a property owner concerned about the cost of flood insurance, National Flood Experts can help you improve your NOI with unique engineering solutions.
National Flood Experts offers a free initial consultation to review the property and identify potential cost saving solutions to reduce or eliminate flood expenses. Our review process is straightforward, and we only need three documents:
- Elevation Certificate
- Flood Declaration Page
- Site Map
Because of the complexity of the process with FEMA to amend the flood maps and working to help reduce insurance premiums, our services are 100% guaranteed.
Overall, eliminating or reducing flood insurance expenses can significantly impact the NOI of multifamily properties. Through working with our flood experts, property owners can reduce operating expenses and increase profitability. If you're a property owner looking to improve your NOI and reduce flood expenses, contact National Flood Experts to learn how we can help improve the financial performance of your investment.
How it Works
1
Free Desktop Review
2
Discuss Engineering Findings
3
Deliver Solution
Ready to Lower Flood Insurance Costs?
Book Free ConsultationView Multifamily Case Studies
$33K NOI Increase
Houston Multifamily Increases NOI by $33K - Houston, TX
In total, NFE solutions resulted in $550,000 in added property value (assuming a 6% CAP Rate) and a $33,000 boost in NOI for a multifamily property on Bissonnet St in Houston, TX.
$1.2MM in Added Property Value
$50K+ in Flood Insurance Mandates Removed for Multifamily Property - Fort Myers, FL
Read about National Flood Experts' success in helping a multifamily property owner in Ft. Myers, FL, remove all buildings from the flood zone through Letter of Map Amendment (LOMA). NFE's solutions improved the property value by $1.2M and removed over $50,000 in lender mandates. Discover how NFE's innovative approach and expertise can help you identify flood insurance cost savings.
$217,000 in Added Property Value
Successful Insurance Collaboration, Resulting in a LOMA, Cost Savings and Increased Property Value - Slidell, LA
Learn how a collaboration between a Client’s insurance broker and NFE resulted in a successfully obtained LOMA, saving a multifamily property in Slidell, LA, $13K in annual flood insurance premiums while adding $217K in property value.
