Keeping net operating income (NOI) high is tough enough without battling rising loan and insurance rates, renter income instability, changing security deposit laws, growing application fraud and other operating challenges. Experts caution 2023 puts even more stress on net operating income. What can you do to maintain healthy NOI margins?
More and more multifamily owners and operators are multiplying rent rolls by offloading risk to third parties. Reducing loss from fraudulent applications, iffy work backgrounds, income manipulation and other risks is proving to be a win-win for renters and owners. This playbook examines four emerging challenges and reveals how breakthrough insurance strategies help: