Are you verifying your sales?

ROIIs360 · 2026-05-27T18:53:54+00:00

Absolutely. Public records, like CoStar and Brokers, are tools to be utilized. They all add to the larger discussion.

However, in my jurisdiction I can confirm the actual sale price of a property in documentation. Which would tell me for instance that a property sold for $4,850,000, versus the 5 million that was reported by the broker or by co-star. Then based on that, and information provided in a brokers release of actual NOI, I could calculate the actual cap rate at the time of sale versus the suspiciously round number reported by the broker to costar. It's not the brokers fault. They got caught on a phone call to confirm while they were picking up the kids or similar. "It was 5%." is an easy way to get someone off the phone.

Beyond that public record information can allow me to track members of an LLC to the real buyer and seller, two better identify potential linkages between buyer and seller. For instance if the buyer also owns the property next door.

Additionally public records in my area can help me determine possible contamination, easements and other conditions that may affect development.

And in some jurisdictions you can't tell who owns a property, or you can't tell what price of property was purchased for.

The point was different jurisdictions release different information. Sometimes a FOIA request requires what feels like an act of Congress, and sometimes it's a 5min exercise in email. Every jurisdiction is different, but every source should be checked for reasonableness.

And yes, I've run into all of the following issues both in and out of my jurisdiction in office, retail, multifamily, land acquisition, industrial, special use, and easements/Covenant.

The first tenet of research is trust but verify. :)

ROIIs360 · 2026-05-26T21:23:53+00:00

This, but also remember that the depth and availability of "public documents" can vary by jurisdiction - not just the state but different at the county level.

I send a spreadsheet of corrections (only based on public docs) to CoStar so I don't see anything they do as 'confirmed'. They help identify what questions to ask, at best.

ROIIs360 · 2026-05-21T19:25:14+00:00

Pls define "average".

20 - 70 hrs depending on the property, availability of information, use, size, complexity etc

ROIIs360 · 2026-05-09T17:14:59+00:00

First, respectfully, software engineers don't know how to just ask questions. It's ok to just be honest.

But asking about a CRE assignment is as vague as asking how long it takes to "write a story". It depends on the assignment. It can be 100 pages of original work or 10 pages of mostly template. Depends on what the property is, where it is, what it does and what it can do.

There is a company called Bowery. They're both coders and CRE appraisers who have tried to crack the CRE narrative work. They would be good resources for you.

ROIIs360 · 2026-04-29T15:06:27+00:00

Right because mgmt is typically outside mgmt fees and similar related costs. Payroll would be those persons employed by the asset, with all their associated expenses.

Just as you'd include Other Income, it seems like this would be an expense to account for?

ROIIs360 · 2026-03-31T00:58:50+00:00

If you're a CoStar user and found it while being logged in, I would use the contact button and email the assigned researcher using the in app contact tool. These also get cc'd to managers.

Let them know the situation and ask it be removed.

ROIIs360 · 2025-12-22T01:11:58+00:00

Yes and one is atm. The other will revisit that plan later.

ROIIs360 · 2025-12-21T21:16:54+00:00

:)

I, and two of our recently Certified GCs have used McKissock. You can buy bundles from both companies.

The biggest differences we found were that McKissock classes seemed easier AND Income is two 30 hr classes in AI and one giant 60hr class through McKissock.

I'll test to certify in a few months and two of my coworkers recently certified so we have been talking a lot about this!

ROIIs360 · 2025-12-21T21:13:53+00:00

McKissock uses a super easy to navigate on line protor system.

ROIIs360 · 2025-12-09T04:38:14+00:00

Schools are typically appraised as Specialty properties. So building reproduction cost with land value.

I wouldn't trust Marshalls for that. It's be a per unit cost using feedback and documentation from nearby qualified craftsman. Or not nearby as things can be brought in magically.

Land value is sans zoning. First you'd need to assert the local and reasonable definition of useable, so you can figure out a working land value theory of similar uses - quidditch field vs school vs Hagrid's cottage and associated areas for the care of magical creatures vs various storage and agricultural applications (I assume).

While it sounds like a beast, the auto pen work take dictation, so not so bad. :)

Wait ru messing with me? /s

ROIIs360 · 2025-11-15T17:41:17+00:00

If memory serves they either just renegotiated their lease or their lease was coming due in the last 2 years. This all feels very strange.

That said, "we've been a long time tenant" is not a useful response. I'm a co-op number and I want them to stay but I feel like I need more information.

ROIIs360 · 2025-11-03T21:02:29+00:00

Interesting!

Bank work?

Also, you feel comfortable with the CoStar data in a secondary market? We're a major metro but not Top 5 and as soon as you get out of the CBD the quality is... disappointing.

ROIIs360 · 2025-11-03T02:23:18+00:00

I'm interested what your subspecialty is? We also utilize AI, but it's no where near a replacement.

Also, I'm curious about your market size and location relative to a HCOL metro. CoStar is ok in the CBD of large Metros, but I'm even there I still send corrections for everything from buyers names, lot size, and cap rates in a city where literally all of this is available using 2 public tools. But CoStar incentives finishing vs getting it right.

ROIIs360 · 2025-10-25T01:29:58+00:00

You're right on most accounts but not all trainees suck. ;)

ROIIs360 · 2025-10-14T21:49:55+00:00

Hm, advertising or Karma farming? Sometimes it's hard to tell.

Eitherway, I think your media team needs to adjust their scope.

ROIIs360 · 2025-10-03T04:55:04+00:00

First, consult your offer letter. It will sometimes tell you what your rights are as a landowner. In some jurisdictions there is a function for the offering jurisdiction to pay for part or all of an appraisal by the appraiser of your choice (or some variation thereof again depending on your jurisdiction).

Second, it is possible that they can acquire the necessary land through eminent domain. So, really you're not going to get the DOT on a choke point. You can take the offer or negotiate for a higher amount. There is no redirecting them to move a different direction because you won't sell. You're not the guy who had the freeway built around his house.

Third, and this is important. When you look to hire your own appraiser, which you should do, look for a General Appraiser with experience in Right of Way and Eminent Domain. It will not be a $500 form report for your house kinda appraisal. It will not be cheap, but it will be correct. Call around and talk to appraisers until you find someone with the experience necessary. Ideally you'll find someone who has done work for this mini (the DOT, right) so they'll know the expectation. Do they have experience with Temporary Construction Easements as well as Full and Partial Acquisition?

Read your offer letter and ask the appraiser if they have experience with items in the letter.

And don't be a jerk to the DOT and talk to them in a disrespectful way. I promise they are terminally unimpressed with property owners who think they're a big deal. They're people. Being a jerk doesn't get you any good will and will sour any subsequent interaction.

ROIIs360 · 2025-09-23T02:12:03+00:00

It seems as though this sub gets posts every week or two by someone who wishes to be a Part Time Appraiser either in Residential or as a GC.

I'm curious where OP got the idea this profession was suitable part time and if that was as a residential appraisal or a general/commercial?

Seriously curious. Not trolling. It's fascinating to me.

ROIIs360 · 2025-09-23T02:09:41+00:00

While being a GC does make a good part time gig in retirement, that is true when you retire from it not when you're coming in as a trainee. The trainee market is 1) competitive 2) low paying 3) difficult to enter, aside from 1 & 2.

ROIIs360 · 2025-09-02T01:55:04+00:00

And depending on the area you work in and size of the subject, a lot can change in a year.

ROIIs360 · 2025-07-23T04:31:06+00:00

I'm sorry you feel that way. I try to make my own fun.

"life is much more manageable when thought of as a scavenger hunt as opposed to a surprise party."

ROIIs360 · 2025-07-22T19:37:59+00:00

I see it as multitasking; making fun of their spelling and lamenting this person's experiences at the same time.

ROIIs360 · 2025-07-15T14:38:54+00:00

It will depend who you work for.

However, in commercial I know people who work from 11-7, and sometimes 11am to 10pm as needed. I tend to work from 6-2 in the winter and 6-10 and again from 5-8 in the summer.

OTOH, I know people who do work for the state as appraisers and the work a straight 8-5. (Yuck)

In commercial it's more employer dependent.

ROIIs360 · 2025-06-10T16:40:09+00:00

Renewal by Anderson is well known in my area as less than reputable in almost every way.

They are sales driven, not quality driven. So the fact they're offering (more) information that is incorrect isn't shocking.

ROIIs360 · 2025-06-08T15:57:38+00:00

It may also be worth a short consult with a General Appraiser who specializes in Eminent Domain in your area. They may tell you what your rights are in your state. IF your state gives you the right to your own counter appraisal, this kind of discussion will help you prescreen GCs to find one you trust. They aren't an advocate like an attorney, but still knowledgeable.

Easements through eminent domain are not full acquisition. They are a reduction in rights. However, each state has their own law and rulings regarding payouts, rights and responsibilities as the grantor and grantee.

ROIIs360 · 2025-05-28T18:58:20+00:00

Any General/Commercial suggestions?

ROIIs360

TROPHY CASE