iHSG

iHSG made a recent pivot with two of our insurance products. Our rent payment surety and deposit guarantee looked more like loan products. As such, we have redesigned them as mid-term loans. These loans will be underwritten and automated using AI. Early default detection and intervention will also be aided by AI. This pivot for these two products, and specifically the application of AI, has given iHSG greater interest from accelerators and accelerators. I am excited to announce that iHSG has been accepted into the Batchery accelerator program! The acceptance email is below: "Congratulations! We are thrilled to invite you to join Batchery’s Pragmatic AI Program. We are highly impressed by your startup's vision, potential, and the passion demonstrated in your application. Admittance to the acceleration program will empower your company with: The Pragmatic AI Program, designed to help you build a sustainable market advantage with data and AI. Hands-on support from a network of mentors and service providers, driven by the personalized needs assessment that you’ll complete, that will help you build out the foundations of your company. A detailed report of your readiness to pitch to investors, with insight on how you scored on our Ten Vital Signs of Startup Investor Readiness Assessment. Our Batchery Investor Introduction Pledge, stating that we will be by your side through your A round and beyond, helping you get the needed investor introductions once your company has scored high enough on our Investor Readiness scale. Access to our Alumni Program of hundreds of startups that have completed the Batchery program."

If Oregon has an impact of $3.3 Billion imagine the coast across the country... We Have Ideas and We Have Solutions. https://lnkd.in/gn7_DZn9

The Hidden Costs of Eviction. Not surprisingly, it has a huge mental health toll on families. iHSG Insurance We have ideas and We Have Solutions. https://lnkd.in/eGpwu8Q

Look in your DMs in the coming days. I will be reaching out for product feedback. I would really appreciate the help!

This is interesting. Developers are building smaller apartments to contain costs. I was working on some development deals myself recently. We were looking at the metro areas in Oregon hard hit by the housing crisis - Bend, Redmond, and Oregon. The single most detrimental cost to the projects were land. Unfortunately, as developers create more dense housing to get ahead of the shortage land prices skyrocket. Building smaller may very well be the only answer to this issue. The projects I was working on were tiny home subdivisions. If you want to hit closer pre housing crisis pricing, downsizing seems to be the most realistic option at this point. There is some interesting construction tech being experimented with that may alter how we cut cost in the future. What comes to mind is 3D home printing and partially automated modular home building.

Have you ever faced eviction? Or are you in a role where you need to do the eviction? iHSG Insurance we have solutions for both. Reach out today for answers. https://lnkd.in/gMrsMFhu

#RentersLife is being rebranded as iHSG Insurance. This stands for Innovative Housing Solutions Group. We believe this new branding clarifies what it is that we do. Our mission and products are the same. Our resolve to address the housing crisis in a very impactful way using the private sector remains firm. Our name is all that differs. As we complete our rebranding, we will be kicking our fundraising into overdrive. We are raising our pre-seed round to get iHSG through our licensing phase in the State of Oregon.

Statewide rent control goes into effect on Oregon in 2024. This new law limits rent increases to 10% annually. It also prevents multiple increases within one year. At a time of incredibly high eviction rates, this new law will make it more difficult for landlords to recoup losses. A stable cash flow from properties becomes all the more important. #RentersLife has a suite of products that help #renters through times of temporary financial hardship. This helps ensure tenants are able to pay their obligations to property managers on time. #RentersLife has a product that guarantees a #tenants rent even after an eviction. This ensures #landlords are never stuck trying to collect on unpaid and delinquent rent.

"I'm sending 20 [units] to the lawyers this month". That is what my property manager at my apartment complex told me recently. These 20 units are homes that will be entering the eviction process. Families with kids and individuals struggling to keep the lights on and food on the fridge. Many blame landlords, but this simply isn't fair. At our apartment complex the property manager goes far above and beyond to do what they can to work with those who are truly trying. Then again, on the other hand, there are renters who try and game the system. As my property manager said, "I try and work with people, but there are just some who need to be evicted," Referring to bad actors. The point I'm making here is that eviction is very much a lose-lose scenario with no person or entity to blame. A Yale study found that evictions are often caused by job loss or declining health. It found that these issues can begin up to two years prior to an eviction proceeding. Property managers understand the value of maintaining a stable, long-term tenancy. Evictions not only affect tenant, but also impact landlords negatively. - Eviction costs can easily climb between to $3,000 and $10,000 or more; these costs are not easily recovered. - The average eviction can take up to three months; with no rent paid during this time. - Vacancies lead to lost rental income and additional expenses associated with finding new tenants, advertising, and property repairs. #RentersLife aims to give renters a safety net to help them maintain their housing during periods of temporary financial hardship. At the same time, #RentersLife protects the financial interests of landlords and their property managers.