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August 22, 2007
Dear Property Owners,
High costs of insurance are always a concern for apartment owners, but in a recent article in Apartment Finance Today Morgan McMillan makes the case that insurance carriers will soon need to compete for your business and we should be seeing lower premiums around the corner. Sounds good, doesn't it?
McMillan reports that a hurricane season without incident after most carriers raised their premiums to all time highs has resulted in record profits. He offers several tips to ensure that multifamily owners can make sure they are getting the best deal when they renew or seek a new policy:
(quoted directly from the article)
- Don't over-insure
- Have a renewal strategy
- Renew early
- Choose the right broker
- Meet with your carriers
- Figure out your replacement cost per square foot
Read the full article on “The Insurance Hurricane” Apartment Finance Today, July, 2007.
Download the August 20, 2007 SVN property listings.
Download the August 13, 2007 SVN property listings.
In Contra Costa county there are at least 24 properties of 16 units or more available for sale. In Alameda County there are 59 properties of 16 units or more available for sale. If you are interested in acquiring a multifamily investment property, please let me know.
Continued Success!!
Pete Chrzaszcz (Shunz)
Advisor, Broker
Sperry Van Ness - CRG Investments
925-719-3569 cell
If you don't already know about the Sperry Van Ness difference, ask me. You'll be glad we met!
Sperry Van Ness
Sperry Van Ness - CRG Investments
415-464-2404 direct
415-464-8993 office fax
1100 Larkspur Landing Circle, Suite 170
Larkspur, CA 94939
