Short Term RentalsRegister
- May 10, 2024
- Coralville, IA
- Iowa Chapter
- Jason Ferris
- Full Price
- AI Price
Who Should Enroll
|Course & Exam
|A503-2152 (Iowa Chapter)
|575.010678 (Iowa Chapter)
Additional Course Offerings
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.
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.
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.