EPISODE · Jul 16, 2024 · 37 MIN
The Appraisal Update - Episode 172 | Fannie Mae's Guidance on Short Term Rentals
from The Appraisal Update: The Official Podcast of Appraiser eLearning · host Bryan Reynolds / Lyle Radke
So far, appraisers haven't had much guidance about how to handle short-term rental assignments. How do you appraise them? Are you supposed to estimate the income and put it on the 1007 form?Stop what you're doing (especially if you're using the 1007), because we finally have some guidance. A recent Fannie Mae Update stated clearly: "Form 1007 cannot be used to estimate the nightly fee for an STR."Listen in as Bryan asks Fannie Mae chief appraiser, Lyle Radke, for more detail about how to appraise STRs.🔔 SUBSCRIBE to our YouTube channel to watch these episodes: /appraiserelearning✅ NEED APPRAISER CE? We've got you covered: appraiserelearning.com🔥 STAY INFORMED with daily appraisal news and updates on The Appraisal Buzz: appraisalbuzz.com-------------------------------------------------------The Appraisal Update Podcast is your go-to source for the latest news, trends, and insights in the appraisal industry. It's produced by Appraiser eLearning. We’re more than just a CE shop. We offer free training and resources to our community of followers. So next time you’re on the road or have some free time, download an episode of “The Appraisal Update Podcast,” or tune into our free monthly webinar, “The Appraisal Report Webinar.” Appraiser eLearning is the trusted resource for appraisers – available 24/7, anywhere, from any device. It’s all online, and it’s all flexible.Learn because you want to.#appraisal #ce #continuingeducation #onlineclasses #onlineeducation #consulting #realestate #valuation #realestateinvesting #realestatemarket 🔔 SUBSCRIBE to our YouTube channel to watch these episodes: /appraiserelearning✅ GET your APPRAISER CE here: appraiserelearning.com🔥 STAY INFORMED with daily news and updates on The Appraisal Buzz: appraisalbuzz.com📱 Follow us on socials: AeL's Facebook: https://www.facebook.com/appraiserelearning/AeL's Instagram: https://www.instagram.com/appraiserelearning/Reynolds' Facebook: https://www.facebook.com/p/Reynolds-Associates-100063575604046/Reynolds' Instagram: https://www.instagram.com/reynoldsandassociates/The Appraisal Update Podcast is your go-to source for the latest news, trends, and insights in the appraisal industry. It's produced by Appraiser eLearning. We’re more than just a CE provider. We offer free training and resources to our community of followers. So next time you’re on the road or have some free time, download an episode of “The Appraisal Update Podcast,” or tune into our free monthly webinar, “The Appraisal Report Webinar.” Appraiser eLearning is the trusted resource for appraisers – available 24/7, anywhere, from any device. It’s all online, and it’s all flexible.Learn because you want to.
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So far, appraisers haven't had much guidance about how to handle short-term rental assignments. How do you appraise them? Are you supposed to estimate the income and put it on the 1007 form? Stop what you're doing (especially if you're using the 1007), because we finally have some guidance. A recent Fannie Mae Update stated clearly: "Form 1007 cannot be used to estimate the nightly fee for an STR." Listen in as Bryan asks Fannie Mae chief appraiser, Lyle Radke, for more detail about h...
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The Appraisal Update - Episode 172 | Fannie Mae's Guidance on Short Term Rentals
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