- Nationally Approved
- 7 CE hrs
- October 16, 2024
- Instructor: Douglas A. Potts, MAI, AI-GRS
NEW SEMINAR! Short-term residential rentals (STRs) play an increasing role in the global sharing economy. It’s important that appraisers, lenders, and underwriters become familiar with the nuances of valuing these properties.
In this seminar, you will gain a basic understanding of the global short-term rental market plus increased awareness about the impact of STRs and the emerging methods, or best practices, required to develop credible valuations of this property type. The seminar provides an overview and brief history of the short-term rental industry, information on aspects of value, FF&E, capitalization rates, going-concern value, motivations of property owners, and proper methods of research. Case study examples demonstrate how to value single-unit, multi-unit, and mixed-use properties that include an STR component.
Seminar objectives:
- Recognize properties that are the subject of valuation that have the potential to be short-term rental properties;
- Discuss appraisal projects with clients in order to properly develop a Scope of Work;
- Derive a highest and best use analysis to properly set up the valuation methodology and valuation techniques to be employed in the appraisal;
- Identify data sources used by one’s appraisal peers for short-term rentals and how to apply market information in the valuation of the subject property;
- Properly value a short-term rental property and apply a test(s) of reasonableness.
Note: This seminar is on Zoom!
Students must have computer, webcam & microphone capability to participate & receive CE credit. The platform will be interactive and live. The instructor must be able to physically see and interact with all students and students must be able see and interact with the instructor. A copy of your driver’s license must be emailed to the Chapter office as verification after you have registered for the offering prior to the offering start date. You will receive a separate email from the Chapter Office with log-in/access information. You do not need a paid account from ZOOM to participate. If you are using your Ipad/Iphone/smartphone download the ZOOM app prior to offering. Check your webcam privacy settings on your computer. Check state approvals before registering to make sure the states you are licensed have approved the course/seminar & allow Virtual education in place of classroom education.
Contact the chapter with questions regarding participation guidelines: LisaMay.Weiss@appraisalinstitute.org
Cancellation Policy
Any & all cancellations are subject to an admin fee. No credit/refunds for cancellations made on or after 7 days prior to class. No credit/refunds for no-shows. Our cancellation policy is stated on registration portal. These seminars have been approved by the NJ State Board of Real Estate Appraisers.