The Creative BRRRR Strategies Podcast

S1E44 - Demystifying The Appraisal Process - The Valuation Process

August 22, 2024 Joseph V. Scorese Season 1 Episode 44

Joseph emphasized the importance of understanding and researching the local rental market before making decisions regarding real estate holdings. He noted a stagnant rental market between 2023 and 2024, with a decrease in values and rental market activity. Joseph stressed the need for accurate property information, analysis of comparable sales data, and consideration of property conditions and amenities to justify values and rentals. He also highlighted the necessity of understanding neighborhood and location factors, property size, layout, zoning and land use regulations, and economic and industry factors. 

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