When it comes to harsh weather and natural disasters, the unexpected is becoming more common. Hurricanes, floods, tornadoes, and storms have battered investment property from coast to coast—with no signs of slowing down.
Than Ever for Real Estate Investors
Natural disasters such as floods, hurricanes, and wildfires are on the rise across the US. As a result, the total cost of property damage caused by natural catastrophes in the country rose from $39.6 billion in 2019 to almost $75 billion in 2020 – an increase of 88%.
These stats should capture the attention of investors whose properties are vulnerable to the elements. While weather is notoriously unpredictable, you cannot simply cross your fingers and hope for the best. Obtaining an adequate insurance package has never been more vital, as it could prevent you from facing devastating losses that could threaten the integrity of your investment portfolio.
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.