James Aros Jr. - Careers and Assessments in Philadelphia

Introduction to Assessment Matters podcast 00:00James’ background in real estate and assessment 00:35How has the industry changed over the past two decades? 1:38Modernization via technologyAssessment becoming less of an “accidental profession”Selecting talent 4:34The right candidate can be molded and trainedCOVID-era real estate values and market movements 6:33Post-COVID normalizationPhiladelphia’s valuation methodology 8:44Sales vs income vs costResidential vs commercial modelsDetermining land values for cost approaches 10:12Difficulties in areas with sporadic and irregular sales (and therefore data)The industry’s direction in the next ten years 11:19Uncertainties regarding Machine Learning and AILeveraging the power of technological advancementMore frequent assessmentsAdvice for newcomers 12:58Take—or make—every chance to learn as much as possible