REI INK

Risk Management

Getting Ahead of the Storm

Property Management Pre- and Post-Disaster By Nickalene Badalamenti-Kalas Weather extremes and severe storm events are occurring more frequently across the United States and around the world. These events have not only caused significant damage to properties but also impacted new regions that are not fully prepared to confront them. The increasing occurrence and intensity of natural disasters calls for proactive measures to mitigate potential property damage and expedite recovery efforts.

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The Factors Driving Rental Property Insurance Underwriting Decisions

Creative Solutions are Needed to Serve Real Estate Investors By Scott Phillips It seems you cannot go a day without hearing about the ongoing economic inflation that has been ushered in on the heels of the global pandemic. There seems to be no aspect of life unaffected by inflation, including rental property insurance. But why? What are the factors that are truly driving rental property insurance underwriting decisions? Hopefully, the

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Smoke Alarm Best Practices

The Things That May Keep You From Waking In the Event of a Fire By Justin Ford Most of the world changed their clocks back this past month to adjust to daylight savings time. With that, came the biannual message of “Change Your Clocks, Change Your Batteries” from the local fire department, as a reminder that it is time to replace the batteries in your homes smoke alarm and carbon

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Insuring Your Flip

Risk Management Considerations During the Fix and Flip by Shawn Woedl While high housing prices and increased cost of materials has led to a drop in house flipping in the first quarter of 2021, it is still expected to be a profitable venture. Though purchase prices are high, the aggressive market also means buyers will be lined up when the flip is complete. Plus, distressed inventory is expected to surge

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How Home Service Plans Can Help Protect Your Investment

The Importance of Implementing A Risk Management Plan By: Brett Worthington In the world of real estate investing, finding the right property at the right time is just the tip of the iceberg when it comes to building and protecting your portfolio. Successful investors understand the importance of implementing an effective risk management plan along with strategies focused on value appreciation, expense management, occupancy and many other critical functions. For

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Rental Property Risk Management

Preventative Measures for Successful Risk Mitigation by Shaun Shenouda While there is no stopping acts of God, you fortunately can mitigate many of the risks pertaining to your rental properties relatively easily and inexpensively. As you might suspect, some of the most prevalent risks pertain to losses caused by the residents. Given the increased propensity to spend more time at home due to COVID-19, there is an overall increased risk.

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