It would be logical to blame rising insurance rates on the Covid 19 crisis but the truth is that property insurance rates have been going up for the past few years even before the virus entered our lives. The crisis has created a “new normal” for many people but it is not the only thing responsible for the rise in insurance rates. Natural disasters and social unrest are also to blame. In addition to raising premiums, many insurance companies are responding by restricting some coverages and eliminating some risks that might have been covered in the past. In short, property owners will pay higher premiums to get less coverage.
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.
Leading professionals from Marketplace Homes, SVN | SFR Hub Advisors, Unitas Financial Services (formerly Innovative Risk Solutions), and Lima One Capital speak on the future of SFR investments in 2021.
While investment into the build-to-rent property market proves significant despite a global pandemic, more buyers are gravitating towards single-family rental units. The US has shown surprising resilience in the build-to-rent sub-market.
If you manage multiple properties, you’re well aware that collecting on-time rent has always been a struggle. Whether the reason for late rent payments is getting lost in the mail, poor communication with tenants, the renter just doesn’t have the funds available for rent at the due date, or they simply forgot it, the bottom line is it affects your cash flow.