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Read Douglas Hubbard's "How To Measure Anything: Finding the Value of “Intangibles” in Business" - which you can get on Amazon for Kindle. EVERY appraiser should read it, EVERY WORD. It should be a part of any Advanced Appraisal course.
https://www.howtomeasureanything.com/
"The concepts from...
Good morning everyone,
I am reviewing an appraisal where the appraiser included a lease-up expense in the income approach to account for "leases in place" which he calls an intangible asset. He explains it as follows:
In place leases have value because an investor would pay more for a...