A Possible Service for Multifamily Owners?

[Account Closed]

As a multifamily appraiser, I am trying to think outside the box and come up with a service for multifamily owners (most likely targeting properties with 20 units or more).

A current idea I have is to provide a "value monitoring system" that would initially provide a complete "as is" appraisal, then keep an owner informed of their property's position in the market on a quarterly, semi-annual or annual basis. When the owner does decide to sell and an appraisal is performed (most likely by another appraiser if the buyer is securing bank financing) my service would review this appraisal and challenge any errors.

The fee for this service would likely be a subscription model, with monthly contact in the form of market updates/research, transactions, and such.

Please let me know your thoughts - is this something you can see as a viable service in the marketplace? What can you see going wrong with this? What do you like about it?

Thanks,

Cam