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Rental Photos

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JennC

Junior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
New Hampshire
I'm doing an appraisal on a 2-family. In the past I have not included photos of the rental comps for any multi's I've done.

What does everybody else do regarding rental pic's?

Curious in NH.
Regards,
Jenn
 

c w d

Senior Member
Joined
Oct 2, 2006
Professional Status
General Public
State
Florida
I don't use photos for rentals.
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
Why not? You drove by and observed them from the street per the pre-printed mumbo jumbo at the rear of the forms right? How much effort to snap a photo and pdf ink is really cheap.
 

Obsolescent

Senior Member
Joined
Jul 6, 2004
Professional Status
Certified Residential Appraiser
State
Minnesota
I've always included rental comp photos. Didn't think there was an option.
 
Joined
Jun 3, 2005
Professional Status
Certified Residential Appraiser
State
Colorado
I used to include them, but stopped doing it for the last couple of reports -- no response from the reviewers and underwriters, so it seems that at least some of them don't care.

There was another thread on this question recently -- most of the commenters did not include rental photos.
 

ghrousseau

Member
Joined
May 5, 2006
Professional Status
Licensed Appraiser
State
Virginia
I'm doing an appraisal on a 2-family. In the past I have not included photos of the rental comps for any multi's I've done.

What does everybody else do regarding rental pic's?

Curious in NH.
Regards,
Jenn


I would advise taking photos or you are begging for a return trip out in the field.
 
Last edited:

Lloyd Bonafide

Senior Member
Joined
Jan 15, 2006
Professional Status
Certified Residential Appraiser
State
California
I'm doing an appraisal on a 2-family. In the past I have not included photos of the rental comps for any multi's I've done.

What does everybody else do regarding rental pic's?

Always on 2-4 unit properties. Why not? It costs exactly zero unless you are printing your reports. You're driving by the properties anyway.
 

EVAUSA

Junior Member
Joined
Jan 26, 2008
Professional Status
Certified Residential Appraiser
State
California
Yep, I've always included them. 2-4's always have (at least) 6 comps to inspect.
 

Rufus

Junior Member
Joined
Apr 3, 2008
Professional Status
Licensed Appraiser
State
Indiana
Count me in the me-too category. I always include rental photos.
 

c w d

Senior Member
Joined
Oct 2, 2006
Professional Status
General Public
State
Florida
I may have been confused with SFR detached rental income properties.....*shrug*. You know what they say: use it or lose it. And lately I've been losing more than I've been using. :new_all_coholic:
 
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