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  #1  
Old 12-20-2004, 07:58 PM
Pekejake Pekejake is offline
 
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If one unit is owner occupied and other is tenant, do you figure replacement reserves for both unit's appliances? On the income expenses you don't count the owner's unit... Would this need to be consistent?
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  #2  
Old 12-20-2004, 10:08 PM
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Tawfik Ahdab Tawfik Ahdab is offline
 
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Gee, Lori

I'm starting to think that you NEVER had guidance on appraising a 2-4 fmily properties, based on your string of obviously never- by-your-mentor answered queries. You posts are step-by-step in accordance with 2-4 family form filling!

Now, are you coming to this forum for competence? If so, you would be mistaken, as all this forum can do is assist you in your work, not instruct you as much or as well as you might wish.

Your recent posts ask important questions, but just as importantly, you fail to acknowledge useful responses. A better etiquette and a less hidden agenda might place you higher in my graces...
  #3  
Old 12-20-2004, 10:29 PM
Pekejake Pekejake is offline
 
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I have always done the replacement reserves on all equipment.. but I guess im reading into the opex statement and thinking twice. I won't respond to your slanders, thanks though
  #4  
Old 12-20-2004, 10:35 PM
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Tim Hicks (Texas) Tim Hicks (Texas) is offline
 
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Lori,

When you appraise a 2-4 family unit, do you check the "attached" or "detached" box? The individual units are attached, but the entire property you are appraising is not attached to another property.
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  #5  
Old 12-20-2004, 10:39 PM
Pekejake Pekejake is offline
 
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Ive seen this post before Tim. Alot of appraisers do this differently.. You see how one appraiser can do something different than the other. I put attached since the units are together and viewed as distinct units, if this makes sense..
  #6  
Old 12-20-2004, 10:39 PM
tommcsherry tommcsherry is offline
 
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Main Entry: 2slander
Function: noun
Etymology: Middle English sclaundre, slaundre, from Old French esclandre, from Late Latin scandalum stumbling block, offense -- more at SCANDAL <dictionary?book=Dictionary&va=scandal>
1 : the utterance of false charges or misrepresentations which defame and damage another's reputation
2 : a false and defamatory oral statement about a person

Truth doesn't qualify as slander.
  #7  
Old 12-20-2004, 10:41 PM
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I check "attached" also. If they weren't attached to something they might float away or drift around into another neighborhood.
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  #8  
Old 12-20-2004, 11:06 PM
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Tim Hicks (Texas) Tim Hicks (Texas) is offline
 
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On the original question, Jake. You are appraising the property, not the borrower or owner. You would make your adjustments based on the entire property as if exposed on the open market for anyone to purchase. Owner occupancy does not matter, because you are dealing with the entire property and its replacement reserves.
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  #9  
Old 12-20-2004, 11:13 PM
tommcsherry tommcsherry is offline
 
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Lori? Jake?
Nothing more need be said!
  #10  
Old 12-20-2004, 11:42 PM
Pekejake Pekejake is offline
 
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Who is jake?
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