How Obie is Automating Insurance with Aaron Letzeiser, Ep 86

Journey to Multifamily Millions

Today's guest is Aaron Letzeiser, Aaron is the Co-Founder & COO of Obie, a venture-backed insurance and risk management technology platform serving over 17 million real estate investors in the United States.

He emphasizes the relevance of replacement prices in a property's coverage, as well as the need to update them on a regular basis to provide adequate coverage. Aaron additionally highlights the importance of property insurers providing risk-reduction recommendations in order to lower or sustain premiums.

Concluding, He advises investors to verify insurance amounts on property proformas and discusses the possibility for returns in high-rate conditions.

Episode Topics

[01:15] Meet our guest, Aaron Letzeiser
[02:44] The Birth of Obie
[06:22] The Solution: Obie's Approach
[11:25] The Future of Insurance in Real Estate
[16:27] Common Mistakes in Real Estate Insurance
[19:27] Tips for Real Estate Investors
[31:25] What is one red flag every investor should look out for?
[31:47] What is a myth about the real estate business?
[32:56] Connecting to Aaron

Notable Quotes

• "At Obie, we empower real estate investors with clear insights and instant bindable quotes, making insurance a controllable expense." -Aaron Letzeiser
• "Accidental landlordship is a valid start in real estate. Clichés exist for a reason—real estate remains recession-resistant as people always need a place to live." -Tim Little
• "Frustrations led to Obie—addressing the lack of control in insurance. Customizability is key, especially in large commercial multifamily." -Tim Little
• "Commercial real estate evolved, but insurance markets lagged. Small real estate investors need risk advocates who understand their long-term goals, not just an upsell." -Aaron Letzeiser
• "At Obie, we filled the gap with instant underwriting for 1-4 unit assets. Technology brings transparency, predictability, and fair pricing to real estate insurance." -Aaron Letzeiser
• "In real estate insurance, avoiding investor mistakes is crucial. Understanding property specifics is key to risk management." -Tim Little
• "Underestimating replacement costs is the biggest insurance mistake. Investors must update policies to avoid being underfunded in case of a loss." -Aaron Letzeiser

👉Connect with Aaron Letzeiser

• LinkedIn: Aaron Letzeiser
• Website: Obie
• Email: [e-mail]
• Phone: [phone]

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [e-mail]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

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https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497