Image Credits:<\/strong> Obie<\/p>\n<\/div>\n

Within the last year, the company has increased its margins by 40%, and is on track to improve another 25% by the end of 2023, he added.<\/span><\/p>\n

\u201cOur bread and butter is the 1-4 unit single-family rental market and we offer coverage in all 50 states,\u201d Aaron added. \u201cThere are over 18 million residential real estate investors in the U.S., and more than 90% of them are small \u2018mom and pop\u2019 investors who spend over $60 billion a year on insurance premiums, so there\u2019s plenty of room for Obie to run here.\u201d<\/span><\/p>\n

Battery Ventures General Partner Michael Brown believes there are \u201cvery few digital competitors to Obie, as landlord insurance is a nuanced, specialized insurance product.\u201d<\/span><\/p>\n

He wrote via email: \u201cObie\u2019s focus on this market \u2014 and its savvy use of data, proprietary risk-management tools, and embedded industry partnerships \u2014 has allowed it to develop a unique system to generate near-instant, competitive quotes that landlords can access anywhere they\u2019re buying or managing property, such as within their broker\u2019s portal or their own property-management system. We feel Obie is on a path to building a valuable, next-generation, digital landlord-insurance brand.\u201d<\/span><\/p>\n<\/p><\/div>\n

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