Editor’s Note: Setting fees can be agonizing for some small-business professionals. Here, a handful of seasoned inspectors discuss how their fees are set and how they figure the true “cost of doing business.” Inspectors: How to Establish Fees by David Brauner, Editor WRE According to a recent online discussion, most of the inspectors who do…
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Editor’s Note: WRE received many questions and comments in response to last issue’s Making $300,000 a Year Appraising. We sent them to the appraiser profiled in the story for his response. Making $300,000 a Year: Clarified By John Ugrotzi, Jr. First, yes, $300,000 is gross. I wish it were net. When I was in Colorado…
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Pros and Cons: Lowering Fees in Slow Times This time of year inspectors agonize whether to lower fees to make it through the traditionally slow winter months. Appraisers are facing similar issues in this slowing real estate market. Some inspectors drop fees to generate business using “coupons” and “seasonal specials,” but seasoned pros say lowering...…
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Editor’s Note: As business slows, some of us need a little nudge when it comes to expanding our minds, our skills and hopefully our income. John Harris points out that there are significant opportunities for professional and financial growth appraising items other than real estate. Expand Your Mind (and Income) by John Harris What do...…
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Ending Collection Headaches Accept Payment by Check- by Fax! The best way to deal with collections is to avoid them. The best way to do that is to collect your money up front whenever possible. Easier said than done, right? Not any more. New “check writing” software makes collecting up front as easy and quick…
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It may be hard to imagine today but sometime in the future you may find yourself with not enough work to keep you busy, especially when interest rates begin to climb. Even if you’ve reached a certain point in your practice and find that existing clients and word of mouth keep you relatively busy regardless…
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I decided to make the switch from appraising commercial properties back to residential properties in early 2008. To many this is appraisal suicide. However, the reason is simple- my wife became a state-registered trainee a few years ago, is serious about becoming Certified and needed my mentoring.
Since her knowledge of commercial appraising is limited,…
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