June 24, 2016
@ Metro Downtown
Please note: Course 402 is approved for 8 hours of appraiser continuing education credit by the California Bureau of Real Estate Appraisers.
This course is designed for right of way professionals who are in the appraisal field. This course introduces the income capitalization approach, which is a method of evaluating an investment by estimating future cash flows and taking into consideration the time value of money. This approach is presented in a concise, easy-to-understand format, and combines lecture, case studies and exercises to teach participants how to apply income capitalization in a variety of situations.
Michael E. Lahodny is a Consultant with Sacramento based Right of Way Firm Bender Rosenthal, Inc. As a technical project specialist he provides project oversight and appraisal planning/review for project delivery. Prior to joining Bender Rosenthal he held several management positions with the California Department of Transportation (Caltrans) and was responsible for project delivery coordination and local agency liaison in the Bishop, Marysville, Redding, Eureka and Stockton offices. He has been involved with the preparation and review of appraisals for eminent domain activities for over 30 years. He holds a Bachelor of Arts Degree from California State University, Northridge. Undergraduate and graduate studies were completed with emphasis in real estate and urban planning. Extensive appraisal courses have been taken from IRWA, the Appraisal Institute and other appraisal organizations. Mike was involved in the development of appraisal and related courses for Caltrans. He is a former Caltrans representative to the Federal Highway Administration Appraisal Advisory Board. He is currently a member of Chapter 27 and has been instructing for numerous years.
Natasa Lenic, SR/WA, R/W-RAC