We get a common question from marina owners all the time that goes something like this: how do I know my assessment is too high without paying for an appraisal? In the upcoming January edition of Marina Dock Age, I've written an article on tax appealing your marina. I'm not going to steal the thunder.
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Buying Marinas for 50 cents on the… dollar?
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Posted by John Simpson
Over the past several months, we've been approached by multiple groups that are interested in buying troubled marinas. Their selection and investment patterns differ, but there are several important threads running through each deal. One is buying them for 50 to 60 cents on the dollar. They're willing to pay cash so a deal can.
Read moreSecrets of Reviewing Marina Appraisals – Part 8 of 8
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Posted by John Simpson
Finally we come to the most important part of the marina appraisal - the income approach. Get it wrong here and the appraisal is likely a lost cause. Show Me The Money! 
The first thing I like to do when I'm reviewing the income approach.
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The first thing I like to do when I'm reviewing the income approach.