It’s a huge honor to be elected by my peers as the first discipline governor to represent #ASAARM. The ASA Newsroom created a press release highlighting the positive growth of the Appraisal Review and Management discipline that made this position possible. I’ve provided the entire article in this post. You can read the original article at…Read More
Stabilization of Value: Expanding the Appraisal Lexicon
In many of my appraisals, particularly for used in litigation, I’m frequently asked to justify the opinion of value for equipment that has outlived its expected life. Part of the general confusion can be attributed to the common misunderstanding between an accounting depreciation schedule and the practical value of machinery or equipment, including the oversimplification…Read More
New ASA ARM at NorCal Valuation
Jo Crescent, NorCal Valuation’s operations manager and co-owner, earned her ASA in Appraisal Review and Management (ARM) in January. In addition to full ARM accreditation, the American Society of Appraisers offers two other options for those interested in ARM: a discipline-specific specialty designation for current Accredited Senior Appraisers in its other disciplines and an ARM…Read More
Jack Young Named American Society of Appraisers “2021–2022 Appraiser of the Year”
The American Society of Appraisers awarded its 2021–2022 Appraiser of the Year recognition to Jack Young, CPA, ASA Machinery and Equipment and Appraisal Review, and Carol Akers Klug, MBA, ASA Business Valuation. ASA International President David Crick presented the awards at the Association’s 2021 International Conference in Las Vegas. Each year, this award recognizes two…Read More
ASA To Resume Pre-Pandemic Global Expansion Efforts
SOURCE American Society of Appraisers – ASAReston VA, July 9, 2021 / PRNewswire ASA announces plan to resume pre-pandemic global expansion efforts, continuing to build strategic partnerships with international professional assessment organizations (OPVs). Such connections with like-minded organizations and like-minded organizations will help build global public trust of members and the evaluation profession through upholding…Read More
Risk Management with Appraisal Review
ASA Newsroom recently interviewed me about “Managing Risk with Appraisal Review,” a topic I addressed in a recent article published in the ASA ARM E-Journal™. The interview touches on the critically important role appraisal review and expert rebuttal contributes to risk management and mitigation for many clients/users of appraisal services, including attorneys, bankers & lessors,…Read More
Appraisal Review Risks and Rewards
The American Society of Appraisers recently posted an excellent discussion of appraisal review practice by our ARM colleague Mark Penny, ASA, ARM-BV, BV-IA. Mark’s article is primarily for appraisers who perform review work or are interested in doing so. It’s also an interesting read for those who might need an appraisal review. Lawyers often need…Read More
Stories of Value: Appraisal Podcast from ASA
The American Society of Appraisers (ASA) released an interview with me for the fourth episode of their new podcast ASA Stories of Value. While appraisers do maintain confidentiality regarding clients and valuations, some stories are worth sharing. This appraisal podcast takes a look at the human side of the appraisal profession. Interviews with industry leaders…Read More
ASA International Appraisers Conference 2019
At this year’s ASA 2019 Advanced Business Valuation & International Appraisers Conference, Appraisal Review & Management (ARM) is sponsoring some great presentations. I worked with attorney Angela Somers on a complicated case that recently settled, and I’m especially excited to hear her presentation on Valuation in Litigation: Destruction of the Company Damages. Other presentations from ARM How to Have More Influence…Read More
Case Study: Functional Obsolescence in Glass Coating Equipment
Functional obsolescence took center stage in a recent property tax appeal situation. In particular, we analyzed how the development of new technology influences the value of older, less advanced equipment–in this case, glass coating machines–and how the resulting loss of value due to functional obsolescence is calculated according to best practices, or valuation standard of…Read More
Rest in Peace: Robert Podwalney, FASA & Life Member
Robert Podwalny, FASA and Life Member, passed away on April 16, 2018, at age 74 after a lengthy ordeal with cancer. He is survived by his wife Linda, sons Robert & Daniel, and his sister Alexandra, grandchildren Kayla, Evan, Emma, Lili and Lincoln, as well as many nieces, and nephews. You can read more about his…Read More
Do You Need an Industry-Specific Valuation Expert?
Equipment appraisers often claim expertise in particular markets. And we do often become experts through our experience in valuing a particular industry throughout the years. In many situations, however, it’s more important to be an equipment appraisal expert than an industry expert! An expert equipment appraiser knows how to research the processes and equipment lines…Read More