Risk Management and Credit
Risk/Liability Management: When margins are tight, there's far less room for error
Source: www.multi-housingnews.com (January 2009)
While risk management generally focuses on insurance, it also applies to credit markets. Given the current crisis, the ability for renters to pay their rent is compromised, so property managers may need to develop multiple back-up plans.
In the full article from Multi-Housing News, several multifamily real estate management companies discuss the various lessons they have learned in dealing with the tightened insurance and capital markets.
This is a great article in a very good publication about risk and liability management in the residential multi-family industry. A few examples of risk reduction are detailed.
- Owen Ahearn | Flag this comment for review