Skip to Content (custom)

    Short Term Rentals

    May 10, 2024 Coralville, IA
    May 10, 2024
    Coralville, IA
    Iowa Chapter
    Jason Ferris
    Full Price
    AI Price
    Enroll by May 10!
    View Pricing Options
    Who Should Enroll
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    IA CE 7 7 Classroom Classroom 10/18/2023 05/11/2024 A503-2152 (Iowa Chapter)
    IL CE 7 7 Classroom Classroom 10/18/2023 05/11/2024 575.010678 (Iowa Chapter)
    Pricing Options
    Rate Full Price AI Price
    Today thru 05/10/2024
    $210.00 $200.00
    Additional Course Offerings
    Sponsor Date Location Format
    Iowa Chapter May 9, 2024 Urbandale, IA Classroom View Details Register
    Event Information

    Location: Kirkwood Regional Center, Coralville, Iowa (Phone No.515-419-6076)

    Class Registration: May 10, 2024 at 8:00 A.M. to 8:30 A.M.. (Lunch not included with seminar fee).

    Class Sessions: May 10, 2024 8:30 A.M. to 12:00 P.M.; (Lunch Time); 1.00 P.M. to 5:00 P.M.

    Continue Education Credit: Seven (7) hours of continuing education credits have been APPROVED for appraisal certification renewal in Iowa. (7) hours of continuing education credits have been APPROVED for appraisal certification renewal in Illinois. (7) hours of continuing education credits have been APPROVED for Realtors by the Iowa Real Estate Commission, (7) hours of continuing education credits have been APPLIED for by the Iowa Department of Revenue for assessors.

    Attendance: The Appraisal Institute enforces attendance requirements mandated by State licensing and certification regulatory agencies. The Iowa Chapter enforces the attendance requirements as mandated by the State of Iowa and the AQB. There is a 100% attendance policy. Please do not be late or leave early.

    Seminar Description

    The sharing economy is impacting our global economy and continues to evolve. Part of that 21st Century sharing economy is short-term residential rentals (STR’s). More and more often, appraisers are having to value these assets for various purposes, which poses a challenge from a valuation perspective, mainly in the area of highest and best use.

    Short-Term Rentals and the Impact on Valuations is a seminar designed to educate appraisers about the global short-term rental market, improve the awareness of appraisers about the impact of short-term rental units on the market, and discuss best practices to value properties that are part-time or full-time short-term rentals.

    The methods included in this seminar are not to be considered the standard rule for all appraisers, a “rule of thumb”, or even an established technique to solve the problem. The methods included are designed to use recognized methods and techniques understood by all appraisers for STR’s. However, by applying the basic principles and procedures, particularly with Highest and Best Use, the results should be credible and able to be replicated by market participants.

    This seminar is self-contained and all mathematical demonstrations are included. We do not have standalone Excel worksheets or other downloads.

    Learning Objectives

    At the conclusion of the seminar, participants should be able to:

    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;

    Cite data sources used by our appraisal peers for short-term lodging 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.