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Valuation insights The world is evolving, and the use of systems and software has become prevalent in most, if not all, industries. This is not exceptional to real estate, and in particular, valuation. Nevertheless, the use of software shouldn't replace the reliance on an expert property valuer in the valuation process. The valuer has the responsibility to explain the inputs, process, and rationale of valuation. Increasingly, overreliance on software can lead to an oversight of the theories the software uses. When using multiple methods or models, there's a need to check consistency and explain divergence and/or convergence. For example, a simple rounding-off rule, whether it's done annually or monthly, may lead to a difference. Similarly, a jurisdictional consideration needs to be considered in valuation, which requires the valuer to interpret market trends and make correct assumptions, for example, rentals paid quarterly in advance or annually in arrears! Valuation is not a mere output value but rather a process. The International Valuation Standards (IVS) latest version (effective January 31, 2025) addresses this through section which integrates valuation process quality control as a core component, ensuring objective, transparent valuations adhering to IVS and mitigating the valuation risk. A valuer should conclude that the level of valuation risk is appropriate given the intended use, intended user, characteristics of the asset or liability being valued, and complexity of the valuation. Software is only a tool in the process and not a replacement for the knowledge and skill of the valuer. Thus, combining the efficiency of the system with the skill of the professional and the standard-defined process will achieve the best result. #realestate #valuation #propertyinvestment

Drowning in data entry & tired of chasing down info? A good appraisal software can save you HOURS each week! ⏰ Read up on our blog to see how appraisal software can streamline your workflow & free you to focus on what you do best: valuations! ➡️ https://lnkd.in/dBianMn2 #appraisal #realestate #productivity #ConnectbyValueLink

🚀Buy, build or partner? Ahead of tomorrow's webinar, Appraisal Buzz sat down with Valcre®’s CEO Lucas Rotter and Mosaic Property Valuations Senior Managing Director Arthur Schwertz, MAI, ASA, an industry veteran who has been involved in evaluating and developing software at both a large national firm, as well purchasing third-party software for his own independent practice “Appraisal firms from large enterprise companies to regional independent practices who are considering their technology strategy would be well-served to attend this webinar. [...] A big question they have is whether to continue to invest in and even rebuild their existing system, or start from scratch with a third-party, which can be a really daunting decision. Our view is that it doesn’t have to be so cut and dry – appraisal firms can partner with a software provider to augment their existing systems, so they’re building on the extensive work they’ve already done and can access the most advanced technology going forward” - Lucas Rotter Read more of the Q&A here: https://lnkd.in/eyTsfFPT 💥 Don't miss the webinar - register now! https://lnkd.in/dtCXUzTG #cretech #proptech #creappraisal #appraisers

Two Value Appraisals LAST CHANCE to REGISTER! August 16, 2024 Via Zoom 9am - 11am Instructor: Joshua Walitt https://lnkd.in/g8u6uhgt Some appraisers have never performed two value appraisals, such as before-and-after, fix-and-flip, or similar use cases for financial institutions. Many times, there is confusion over whether an appraiser is even allowed to express two appraisal conclusions in one appraisal report. In “Two Value Appraisals,” the appraiser is taken through the process from engagement to the final appraisal report. Along the way, considerations and discussion include the overall process, reporting, sales grids, effective dates, forms and software, sketches, approaches to value, budgets and plans, as well as engagement letter examples and a look at using forms and grids found in common software. By the end, the appraiser is ready to have meaningful discussions with clients and accept two value appraisal assignments.

Two Value Appraisals is happening NEXT WEEK! August 16, 2024 Via Zoom 9am - 11am  Instructor: Joshua Walitt https://lnkd.in/g8u6uhgt Some appraisers have never performed two value appraisals, such as before-and-after, fix-and-flip, or similar use cases for financial institutions. Many times, there is confusion over whether an appraiser is even allowed to express two appraisal conclusions in one appraisal report. In “Two Value Appraisals,” the appraiser is taken through the process from engagement to the final appraisal report. Along the way, considerations and discussion include the overall process, reporting, sales grids, effective dates, forms and software, sketches, approaches to value, budgets and plans, as well as engagement letter examples and a look at using forms and grids found in common software. By the end, the appraiser is ready to have meaningful discussions with clients and accept two value appraisal assignments.

📣**Attention Landlords & Property Managers!**🏡✨ 🚀Want to take your property management game to the next level? Discover the 9 amazing ways property management software can revolutionize your business! 1️⃣ **Better Tenant Management:** Ensure timely rent payments & resolve issues promptly. 2️⃣ **Efficient Maintenance & Repair Requests:** Track and address requests swiftly, preventing bigger issues. 3️⃣ **Purchase Renters Insurance:** Facilitate essential renter's insurance with ease. 4️⃣ **Streamline Rent Collection:** Simplify payments to ensure you get paid on time. 5️⃣ **Enhanced Communication:** Keep everyone in the loop with a clear, efficient platform. 6️⃣ **Improved Accounting:** Manage finances accurately with robust accounting features. 7️⃣ **Automate Tasks:** Save time by automating reminders and maintenance schedules. 8️⃣ **Data Insights:** Make informed decisions with powerful data analytics. 9️⃣ **Seamless Integration:** Combine with other tools for a comprehensive management solution. 💡 Embrace these tools and watch your efficiency and profitability soar! 🌟🏘️ 👇Share your experience with property management tools in the comments! Like & share if you found this helpful! ❤️🔄 #PropertyManagement #LandlordLife #EfficiencyBoost #SmartLandlord #RentalPropertyTips

🔍 End of Month Checklist: Is Your Team on Track? As we wrap up July and step into August, it’s time for property managers to ensure all tasks are completed and no details are overlooked. Ask yourself: - Have all lease renewal offers gone out? - Are there any errors in accounts payable entries? - Can potential issues be caught and fixed before they become journal entries? Enter Property Gauge, your ultimate accountability tool. Here’s how we can help: 🗂 Lease Renewals: Ensure every lease renewal offer is sent out on time. Avoid last-minute scrambles and keep your occupancy rates stable. 💼 Accounts Payable Accuracy: Identify and correct errors before they become costly mistakes. Our system helps you catch discrepancies early, saving time and money. 📈 Proactive Issue Management: Property Gauge surfaces potential problems, allowing you to address them before they escalate. Stay ahead of the game and maintain smooth operations. ✅ Accountability and Transparency: Know that your team is doing the right things. Property Gauge provides clear insights and accountability, so you can trust that tasks are completed accurately and efficiently. Don’t let the end of the month catch you off guard. Let Property Gauge ensure your team is on track, tasks are completed, and errors are minimized. Ready to streamline your property management process? Visit our website and schedule a demo today! https://lnkd.in/e6Wu8hrb #PropertyManagement #EndOfMonthChecklist #LeaseRenewals #AccountsPayable #Accountability #Efficiency #PropertyGauge

Master cost control in property development with our expert strategies. Learn how Navian's AI-driven solutions can help you manage expenses and maximise profitability. Read more for tips on efficient cost management: https://lnkd.in/djNNMDJJ #PropertyDevelopment #CostControl

🎥🔑 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭? 🔑🏡 Discover the essentials of property management in our latest video! Learn about the key responsibilities, benefits, and how professional property managers can make life easier for everyone involved. 👉 Watch now to get all the insights and tips you need! #PropertyManagement #RealEstate #PropertyTips #RAPRO #Rajampropertymanagement

There are four primary types of property management: 🏢 read more: https://lnkd.in/g92nqUt6 #PropertyManagement #RealEstate #ResidentialManagement #CommercialManagement #IndustrialManagement #RetailManagement #HOA #MRIsoftware