The Appraisal Update Podcast 7.16.24 - Fannie Mae's Guidance on Short Term Rentals
Vložit
- čas přidán 21. 08. 2024
- So far, appraisers haven't had much guidance about how to handle short-term rental assignments. How do you appraise them? Are you supposed to estimate the income and put it on the 1007 form?
Stop what you're doing (especially if you're using the 1007), because we finally have some guidance. A recent Fannie Mae Update stated clearly: "Form 1007 cannot be used to estimate the nightly fee for an STR."
Listen in as Bryan asks Fannie Mae chief appraiser, Lyle Radke, for more detail about how to appraise STRs.
➡️ COMMENT with questions, thoughts, or requests for future topics!
🔔 SUBSCRIBE to our CZcams channel for more like this: / appraiserelearning
✅ NEED APPRAISER CE? We've got you covered: appraiserelearning.com
🔥 STAY INFORMED with daily appraisal news and updates on The Appraisal Buzz: appraisalbuzz.com
-------------------------------------------------------
The Appraisal Update Podcast is your go-to source for the latest news, trends, and insights in the appraisal industry. It's produced by Appraiser eLearning. We’re more than just a CE shop. We offer free training and resources to our community of followers. So next time you’re on the road or have some free time, download an episode of “The Appraisal Update Podcast,” or tune into our free monthly webinar, “The Appraisal Report Webinar.” Appraiser eLearning is the trusted resource for appraisers - available 24/7, anywhere, from any device. It’s all online, and it’s all flexible.
Learn because you want to, not because you have to.
#appraisal #ce #continuingeducation #onlineclasses #onlineeducation #consulting #realestate #valuation #realestateinvesting #realestatemarket #entrepreneurship
Nice job. Nice to get the clarity from Fannie Mae.
Great podcast Bryan, liked and shared with our lender customers!
Bryan, thanks for going to the source! I found the questions about FF&E to be informative. Thanks for raising the issue!
Much needed update. It's still vague, though. If there is a sale in a market where there are STRs, we have to adjust for the personal property and going concern value of the business. Isn't that essentially developing an opinion of value for those components?