Appraiser’s Guide to the Income Approach
In-Person Class instructed by Bryan Reynolds in Hopkinsville, KY
Date: Friday, March 14th, 2025
Time: 8:30am-4:30pm CST
An Appraiser eLearning Roadshow Event
7 HOURS
$199.95
Course Description
Assigned to appraise a rental property? It it sorely lacking in comparable sales? Consider the income approach, one of three traditional methods of valuing properties (alongside the sales comparison approach and the cost approach).
In this course, we’ll talk about how to handle rental houses or other properties that generate income. You’ll learn how to convert income or potential income into an indication of market value, how to consider prevailing market rents and current rental market conditions, and when to select this approach from your appraiser’s toolkit and deploy it in your analysis.
Topics Explored
• When is the Income Approach Applicable?
• How Does USPAP Apply?
• 2-4 Family
• Contract and Market Rent
• GRM – Gross Rent Multiplier and GIM – Gross Income Multiplier
• Income vs Rent
• Examining Market Data
• Comparable Rentals
• Developing GRM and GIM
• Direct Cap Approach
• PGI
• Expenses
• Cap Rate and Applying the Cap Rate
• Extracting Market Data
• Extracting Collection and Vacancy Rates
• Developing Cap Rates
• Reconciliation
Date and Time
Thursday, March 13th, 2025
8:30am-4:30pm CST
Course Policies
Refund/Cancellation Policy (IN-PERSON): Refunds must be requested by email 7 days prior to class to claire@storyboardemp.com. No refund will be processed after 7 days prior to the class for any reason. NO EXCEPTIONS.
Course Author
Bryan Reynolds
Bryan S. Reynolds, CDEI™ is a KY/TN Certified General Real Property Appraiser, a registered agent with the TN State Board of Equalization and an AQB Certified USPAP Instructor. He has testified and appeared in various courts, planning and zoning boards as both an expert and as an agent making valuation arguments before local and state hearing officials and Administrated Law Judges. Reynolds is the owner of Bryan S. Reynolds & Associates, Reynolds Appraisal Service and a partner in Appraiser eLearning, www.appraiserelearning.com. He provides residential and commercial valuation services throughout the region and various educational offerings, mentoring, consulting and litigation support services throughout the country as well as being available for lectures and is well known for his Think Outside the “Check” Box approach.
AQB Certified USPAP Instructor
Certified General Real Property Appraiser
Consultant
Litigation Valuation Expert
FHA Lender Selection Roster Appraiser
Expert Witness
