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Fannie Mae’s New Guidance Clarifies Purchase Price Allocation Use in Multifamily Acquisitions
By Alexis Vennes For anyone navigating purchase price allocation in multifamily acquisitions, Fannie Mae’s recent update to its Seller/Servicer Guide is the most recent validation this methodology has received since Freddie Mac added their guidance in 2024. RealAdvice applauds the upgrade, which marks an important step forward for multifamily real
The Joy and Folly of Assessment Caps and Digging in Your Concrete Heels
By Bradley S. Tennant, CRE, Esq. Many states have mechanisms that limit changes in assessed values for property tax purposes, which in turn limits how much owners pay in property taxes. Florida’s homestead exemption, which applies to the assessed value of your residence, limits growth of that value to 3%
FEMA and the Intangible Value of Assessments
By Bradley S. Tennant, CRE, Esq. After Hurricane Helene destroyed entire neighborhoods across the Gulf Coast of Florida, an intangible consideration moved front and center for many whose homes had been flooded – the FEMA 50% rule. Put simply, under federal guidelines enforced by the Federal Emergency Management Agency (“FEMA”)
Can you create equity through equitable property taxes?
by Bradley Tennant, Esq. , MSRE, CRE Housing Wire has recently published an nteresting article regarding the proportional cost of property taxes and insurance for homeowners. Because mortgage value can serve as a proxy for home value in this scenario, it shows that local government exactions and property insurance are
RealAdvice Names Alexis Vennes President, Strengthening Strategic Leadership
FOR IMMEDIATE RELEASE Contact: Nicole Miller nicole@nullversant-strategies.com 813-784-6907 TAMPA, FL (February 10, 2026) — RealAdvice, a groundbreaking commercial real estate tax and transaction advisory services company, announced today the promotion of Alexis Vennes to President and Chief Operating Officer (COO), a newly formalized leadership role designed to support the firm’s
Florida’s Property Tax Reform Ideas – And What They Mean To Taxpayers
A recent Florida Trend article discusses many of the property tax changes currently being considered by the Florida legislature. (click logo for link to article) While many businesses might look at the potential overhaul of the Florida property tax system as impacting only homestead properties, the reality may end up
New RealAdvice Seminar with the Mortgage Bankers Association (MBA): Managing The Property Tax Burden for CRE Loans
Join us this September 23, 2025 (1:00-2:00PM EST) as we teach a special seminar hosted by the Mortgage Bankers Association (MBA) on the topic of State and Local Tax strategies for commercial real estate underwriting. Register at MBA.org, shortlink https://RealAdvice.com/MBA-SALT The MBA is the foremost organization for professional education
New Florida Bar Journal Article by RealAdvice: “Bricks, Mortar, and Misconceptions” — Unlocking Value in Commercial Real Estate
We’re proud to share that the Florida Bar Journal has published an insightful, thought‑provoking article authored by our very own Todd D. Jones, Kevin Herzberg, Stephen King, Rachel Fisch, and Bradley Tennant—all members of the RealAdvice team. (click for article) Why the article matters This article exposes a critical—and often overlooked—disconnect:
Not Just Any Appraisal Will Do
In commercial real estate, not all appraisals are created equal. In their latest ActionLine article, RealAdvice’s Rachel E. Fisch, CPA/ABV, MRICS, and Stephen King, MAI, MRICS, break down why a state-of-the-art purchase price allocation (PPA) requires more than just a standard appraisal—it demands a multidisciplinary team of experts in both real estate and business valuation. Whether

RealAdvice Completes Rigorous SOC 2 Type I and Type II Assessments
Rigorous technology and security audit validates RealAdvice as a trusted financial technology partner Date: August 25, 2023 RealAdvice systems have been audited to System and Organization Controls (SOC) 2 Type I (financial processes and security) and SOC 2® Type II (technology and cybersecurity), demonstrating that we have been proven to
Meet RealAdvice at NMHC 2024
January 30 – February 1, 2024 San Diego California The RealAdvice team will be joining hundreds of the top multifamily investors, operators, and brokers at the 2024 National Multifamily Housing Council’s (NMHC) Apartment Strategies conference and Annual Meeting in San Diego, California. These are back-to-back events starting on January 30

Smart Portfolio Price Optimization
By Guy Hagen There are many different methods to optimize a combined PSA consideration across multiple properties, but using the wrong formula might cause expensive problems later. You have just agreed upon a purchase price for a portfolio of revenue-producing properties. Now comes the tricky task of allotting that total
Intangible Assets on Dirt
Do income producing properties have an intangible asset income producing component? This question is explored for the landmark merger between Fox and Disney.
RealAdvice’s Authoritative Allocation Method (AAM) Debuted In Landmark 9th Circuit Court Case
In a landmark case, the methodology that serves as the foundation for RealAdvice’s Authoritative Allocation Method (AAM) was recognized by an 11th Circuit Court for meeting all professional and academic requirements for high-level legal review, and for setting a new standard for professionalism in the field of commercial real estate
SALT Matters
As a property owner’s biggest operating expense line item, underwriting property tax liabilities as part of pre-acquisition investment due diligence or operational budget forecasting and control is challenging, as evidenced by the magnitude of the consulting industry. Complicating matters since 2010, 69 municipalities across the US (680 since 1937) have
The Role of Property Tax in American Government (Part 3)
By Todd D. Jones, MAI, CRE, FRICS and Michael J. Mard, CPA/ABV, CPCU Note to reader: This article is third in a series of columns addressing The Role of Property Tax in American Government culminating in the generally accepted methodology of the real estate appraisal, business valuation and accounting industries
The Role of Property Tax in American Government (Part 2)
By Todd D. Jones, MAI, CRE, FRICS and Michael J. Mard, CPA/ABV, CPCU Note to reader: This article is second in a series of columns addressing The Role of Property Tax in American Government culminating in the generally accepted methodology of the real estate appraisal, business valuation and accounting industries
The Role of Property Tax in American Government (Part 1)
By Todd D. Jones, MAI, CRE, FRICS, and Michael J. Mard, CPA/ABV, CPCU Note to reader: This article starts a series of columns addressing The Role of Property Tax in American Government culminating in the generally accepted methodology of the real estate appraisal, business valuation and accounting industries reconciled and
What the Daubert Test Means to a Financial Expert
By Joryn Jenkins, Esq. and Michael J. Mard, CPA/ABV. In Part One of this series, we discussed how Daubert has increasingly replaced Frye as the standard for admitting expert scientific testimony in trials. As more and more states adopt Daubert, courts increasingly prohibit the admission into evidence of pure opinion
Valuation for Financial Reporting: Fair Value, Business Combinations, Intangible Assets, Goodwill, and Impairment Analysis
by Michael J. Mard, James R. Hitchner, and Steven D. Hyden Michael Mard and co-authors have authored what is recognized as one of the most essential textbooks on the topic of measuring and reporting of fair value in financial statements. Now in its third edition, it provides proven guidelines, case