Obie, an InsurTech startup that offers insurance risk management for real estate investors, has partnered with holiday rental investment marketplace Here.
Here is a FinTech company that aims to increase accessibility to the short-term rental space. Here’s marketplace allows investors to purchase shares of luxury homes and vacation rentals. Investors can expect high yield from the high cash-flow vacation market, while remaining fully passive through fractional ownership. This means lower cost of entry and less time spent managing investments, while still retaining the benefits of direct property ownership, such as depreciation and expense write-offs.
By removing many barriers to entry in the short term rental space, Here said it is empowering all people to step into real estate investing.
Obie said it believes that partnership is key to further simplifying the insurance process for landlords and real estate investors. The partnership will allow Obie to insure properties with Here more quickly and efficiently, also providing better customer experience for Here customers.
Aaron Letzeiser Obie, co-founder, said, “Insurance should be simple and transparent for investors. By integrating with Here, a platform working to reduce the barriers to entry in real estate investing through fractional ownership in the vacation rental market, we are shaping the future of real estate investing, creating a future where processes are transparent and attainable for all.”
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