Residential Appraisals and Airbnb Income?
Appraisal Today
JUNE 3, 2022
Lenders and AMCs want residential appraisers to value these properties as both the real estate and the business values of these properties – Wrong!! GRM is an Income Approach that applies to homes with long long-term tenants, not homes with many Short Term Rentals. Some of the topics: • USPAP issues. • Functional Obsolescence.
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