Tag Archive for "operating expense ratio" | Marinaappraisal.com | John Simpson, MAI

Tag Archives: operating expense ratio

27
August

How to Tell a Bad Marina Appraisal – Part 7 of 7

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Posted by John Simpson

Let's summarize what you need to look for in a marina appraisal to determine if you've been sold a "bill of goods".

The fee for this special purpose property is cheap, like $2,500, $3,000 or $3,500.
The number of pages in the market section is far greater than the total number of pages devoted to the part.

26
August

How to Tell a Bad Marina Appraisal – Part 6 of 7

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The income approach always needs to be included in a marina appraisal. It's how the market works and thinks. It's not an owner occupied property like a single family residence... it's an investment in a business, so the report isn't exactly civilized if it's excluded. The Expensive Omission I laugh when I seen a marina income approach.

7
November

Secrets of Reviewing Marina Appraisals – Part 6 of 8

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Posted by John Simpson

Welcome to the marina cost approach. Want to know something funny? I hope it isn't there! I'll write a blog about this in the future, but let's just say that I don't believe it to be reliable. Still, the focus here is on reviewing a cost approach, so I intend to give you the benefit.