Checklists / 18 items
Short-term rental appraisal file
For an appraiser building a file to support work on a short-term rental, where no standard-setter has published a valuation method. Use it to collect, separate and support the pieces no agreed method covers.
Drawn from How Appraisers Value Short-Term Rentals. Research checked October 22, 2026.
Permit and highest and best use
- Confirm the STR permit or registration status, and whether it transfers to a buyer.State an extraordinary assumption where status is uncertain
- Check any HOA restriction on short-term rental use.
- Complete a highest and best use analysis that tests short-term rental use, long-term rental, and owner occupancy.
- If the permit ends at the sale, either state an extraordinary assumption that one will be issued, or carry long-term rental and owner occupancy as the tested uses.
Also in the full checklist:
- Splitting real estate, furniture and business (4 items)
- Market rent (3 items)
- STR income analysis, if requested (4 items)
- Underwriting and forms (3 items)