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In this video, Michael talks about how the weather, the local climate, and your natural surroundings can add risks to your real estate investment strategy and what you can do about it! He talks about the following:
Climate-related investment risk
The poor weather can cause property damage
The weather can lead to expensive maintenance and operations costs
The weather can cause a complete property loss
Climate influences tenants
Lawsuits for weather against property owners
The stigma of owning a rehabbed property
Real estate agents
Data and models to mitigate risk
Transition risks
Diversify your portfolio
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