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Analyzing Operating Expenses: The Michigan Experience

    Date: June 18, 2018   Location: Troy, MI
 
  Local Area Topics  
Category  Electives [E]  
Attendance Hours  8.0  
Current Price  $ 175.00 AI Price  
$ 200.00 Full Price  
    
 
  Location  
Name  Flagstar Bank  
Address  5151 Corporate Drive  
City  Troy  
State  MI  
Zip  48098  
    
 
  Sponsor / Contact  
Chapter  Great Lakes
Website  www.glcai.com  
Contact Name  Joan E. Kaczor  
Email  jkaczor29@gmail.com  
Phone  (810) 364-5640  
Fax  (888) 587-5381  
 
  Description  
This eight hour seminar provides foundation and practical market information for Michigan appraisers and assessors facing valuation issues on income-producing properties. It is targeted to certified general appraisers and MAAO and MMAO assessors with a background in the development and application of the income approach. Participants should bring and be familiar with the operation of a calculator (HP12C or equivalent) as the seminar is structured around multiple case problems.

This seminar explored the analysis of actural operating expenses for income producing properties including apartments, retail, industrial and office properties. Participants will use the information to develop supported and defensible reconstructed operating statements.

Operating expense categories including fixed, variable and reserves for replacement are reviewed in detail. Understanding the implicaiton of Proposal A and potential reassessment is illustrated with several sales. Reserves for replacement as a property ages is presented graphically for several properties. Understanding and applying units of comparison including limitations on its use are presented.

Understanding the proper use of nationally published data sources and methods to refine that data to local market conditions. Several case studies are presented to demonstrate sound appraisal practice.
 
  Disclaimer  
Cancellation Policy
  • Up To 15 days prior to program start date, refund in full.
  • 7 - 14 days prior to program start date, $50.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
       


Program materials will be picked up at the site.
 
  Additional Information  
CLASS SCHEDULE:
Check in: 7:45am-8:00am
Class Begins: 8:00am.
Coffee & Tea in the morning & lunch is included.

 

 
















 
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