59: FEMA, Floods, and Florida Real Estate After Hurricane Ian w/Jeremy Edwards

After Hurricane Ian, Florida real estate took a huge hit. With multiple communities literally underwater and the entirety of Southwest Florida facing pricey home repairs, Florida went from being the Sunshine State to the “do we have enough insurance?” state overnight. And with more and more natural disasters taking shape across the US, how can homeowners, landlords, and renters prepare for what mother nature is throwing at us?Thanks to both heavy state and federal funding, Florida is well on its way to a successful recovery, but how did this happen? To learn more about the ins and outs of disaster recovery, we brought on Jeremy Edwards, Press Secretary at FEMA (Federal Emergency Management Agency), to share what the federal government is doing to aid in building back communities. Jeremy touches on storm tracking, pre-disaster preparedness, flood insurance coverage, and temporary housing programs landlords can use to help affected areas.We also take a detour to talk about the rising insurance costs in disaster-prone areas like the Gulf Coast and the flood mitigation assistance grants that FEMA has set up for local governments to lower their chances of a devastating event. Jeremy also talks about what private homeowners can do if they don’t have enough insurance coverage, and how they can build back better so their own homes are protected when disaster strikes.Read More About Substantial Damage Determinations Here. In This Episode We CoverThe financial impact that Hurricane Ian had on the state of FloridaRising home insurance rates and how the government is stepping in to helpWhy investors are still buying in areas that are highly impacted by hurricanesFlood insurance and FEMA’s assistance to homeowners that need more coverageTemporary housing assistance and how landlords can help those in needHurricane, wildfire, and other disaster prevention that could save you tens of thousandsThe timeline for a full recovery in heavily affected hurricane areasAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets ForumsBiggerPockets AgentBiggerPockets BootcampsJoin BiggerPockets for FREEOn The MarketJoin the Future of Real Estate Investing with FundriseConnect with Other Investors in the “On The Market” ForumsSubscribe to The “On The Market” YouTube ChannelDave’s BiggerPockets ProfileDave’s InstagramRead More About Substantial Damage Determinations HereNational Risk IndexClimRRFema’s: Individual Assistance Line: 1-800-621-FEMA (1-800-621-3362)Disaster AssistanceReadyListoFEMA AppConnect with Jeremy:Jeremy's LinkedInCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-59Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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