News:
Finance
Posted: January 9, 2008
Tom Andolfo President Rhode Island Chapter Appraisal Institute
Name: Tom Andolfo
Title: President, Rhode Island Chapter Appraisal Institute
Company: Andolfo Appraisal Institute
Location: 216 Weybosset St., Providence, R.I.
Birthplace and year: Providence, 1950
College: College of the Holy Cross, Worcester, Mass., BA, Psychology
First job outside of real estate: Providence Community & Economic Dev. Commission
First job in real estate or allied field: Henry W. Cooke. Co., mngr. appraisal dept.
What do you do now and what are you planning for the future? Increase number of design members and increase membership overall. Increase networking opportunities with different appraisers and assessors, bankers, attorneys.
Hobbies: Walking, reading, baseball, golf, travel
Person you admire: former presidents Harry Truman and Ronald Reagan
Keys to success: Difficult appraisal assignments should not be viewed with pessimism. Rather, they should be seen as optimism, opportunities to learn and grow.
If you were forced to choose another vocation what would it be? Commercial real estate development and rehabilitaion.
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Columns and Thought Leadership
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
It’s a confusing real estate world: Don’t you think? - by Daniel Calano
The news is full of “never before” pronouncements. Never before has there been a pandemic so impactful on real estate. Never before has technology allowed for remote business meetings on such a frequent basis. Never before would people so comfortably work from home as to vacate office buildings, at least on Fridays and Mondays.
Real estate without good estate planning - a troublesome problem - by Daniel Calano
I spent the better part of a day this week working with attorneys on estate planning. I am clearly not an attorney, but I have learned much over the years while consulting on real estate, its potential, its future during the life of clients, as well as, shall we say, later.
The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
