Impact of Short-Term Rentals on Real Estate Valuations

Date: February 21, 2020

Location: Louisville, KY


Sponsor:
Bluegrass Chapter
Contact:
Ms. Susan Katz
Phone:
502-727-9181
Email:
executive.director@bluegrasschapter-ai.org
Website:
http://www.bluegrasschapter-ai.org/
Name:
Country Inn & Suites
Address:
1241 Kentucky Mills Dr
Louisville, KY 40299
Phone:
502-261-9434
Speakers:
Ferris, MAI, SRA, Jason L.

Notes

Additional Information

Seminar Description

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. 


Class Materials: Class materials will be picked up at class 

Course Schedule: Sign-in 8:15 a.m. Class 8:30 a.m. – 5:00 p.m. 100% Attendance is required for all Appraisal Institute education programs. Students should not be late or leave early. Those missing class times may not receive credit. Please review "Cancellation Policy". 

Class Location: Country Inn & Suites, 1241 Kentucky Mills Dr. Louisville, KY (502) 261-9434. Ask for Bluegrass Chapter room rate

State Approval:  This seminar is approved for 7 CE hours for KY and WV 
                             .

Disclaimer Information

Cancellations/Refunds: Requests for cancellations must be received in writing at the Chapter office. Confirmed students should not assume that cancellation has been granted until a confirmation has been received. Cancellation days are BUSINESS DAYS. Cancel Fees Up to 15 days prior to program start date, $25 cancellation fee. 7 - 14 days prior to program start date, $50.00 cancellation fee. Less than 7 days prior to program start date, forfeit of payment. The Bluegrass Chapter of the Appraisal Institute is not responsible for students' non-refundable airline reservations or other travel expenses. The Chapter reserve the right to cancel, limit, or reschedule the course and to change the faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations. Course Attendance: 100% attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements. ADA Policy: If you have a disability and may require special accommodations, please notify the chapter office at least two weeks in advance and we will arrange for reasonable accommodations.

National Disclaimer

This Educational Program was developed and organized by the Appraisal Institute Chapter offering the Program with the intent of addressing topic(s) of current local interest solely for educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program.

The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations.

This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.

State Credit

Please note that 100% attendance is required in order to receive any approved state credit or to be awarded AI CE points. It is imperative that you check with your state board for state approval information before completing registration.

Other Information

If you have a disability and require accommodation, please notify the sponsor at least two weeks in advance for reasonable accommodations to be arranged.

The Appraisal Institute reserves the rights to cancel, limit, or reschedule the program and to change instructor assignments and facility locations at any time.