The COVID-19 pandemic has transformed the rental market. Before 2020, average occupancy rates for primary multifamily markets were on an upward trajectory. Due to the widespread adoption of remote working arrangements, however, secondary and tertiary rental markets experienced positive net absorption last year.
Topics: Work From Home, Tenant Liability, Rental Property, Investment Property, Master Policy, Insurance Claims, SFR
COVID-19 has disrupted and transformed everything about our lives, not the least of which is how we live. Suddenly, people who spent most of their days outside their homes at work, school, or other activities were stuck staring at the same four walls for months on end.
Not surprisingly, this fact alone will have a significant impact on the way new homes are built. Let’s explore.
Topics: Master Real Estate Insurance Policy, Investor, Real estate
Here comes yet another Hurricane Season.
On August 5th, the Department of Atmospheric Sciences at Colorado State University increased its forecast for the 2020 Atlantic hurricane season to “extremely active.” According to their report, they predict “an above-normal probability for major hurricanes making landfall along the continental United States coastline.” Unfortunately, it only takes one storm to cause physical substantial and financial damage.
Topics: Asset Protection, Master Real Estate Insurance Policy, Tenant Liability, Investment Property, Hurricane Preparedness
