Short Term Rental vs Residential Rental Webinar

Presented By: Richard Hagar, SRA

There’s a debate raging amongst appraisers on how to value Short Term Rentals (STRs)!

Many AMCs and lenders are pushing appraisers to value STRs using standard appraisal forms and methods...but are they right?

What are the USPAP standards appraisers must follow with these assignments?

This webinar will help all appraisers, AMCs and lenders understand the issues and solutions to valuing these complex properties.

In this webinar, Hagar will answer the following questions:

• Do you appraise a STR as a residential property or a business?
• Does the highest and best use analysis allow the income to be considered?
• Can you convert the daily rate into a monthly rate?
• Are these regulated under the Landlord Tenant Act, Transient Housing, or as a hotel?
• Is special zoning required?
• Can I use FNMA's 1007 form to indicate the rent income?
• How do I describe these on the residential appraisal form?

Hagar will show appraisers the ins-and-outs of valuing a STR, plus you'll learn the difference between STRs and Residential Rentals.

Come get your questions answered and learn what you need to, to do this right!