Posts by Patrick Lamb
In Focus: Kevin J. Nowadnick, MAI
“Data Speaks, He Listens” Kevin Nowadnick has a thing for bulk information. “I actually prefer data-intensive appraisal work. I enjoy getting into the numbers,” he says. As a Washington State Certified General Appraiser, Kevin shows a palpable enthusiasm when describing data and all of the necessary intervals including gathering, comprehending, categorizing, and distilling the information.…
Read MoreIn Focus: Jeffrey B. Totzek
“The Past Isn’t Prologue. It’s Training” Some people recall their career progression as a series of unrehearsed steps or unlikely opportunities. Not so for Jeffrey Totzek, who can draw a straight line through his professional trajectory. In prior years, he was a Community Association Manager, coordinating budgets and repairs while being responsible for upwards of…
Read MoreIn Focus: Patrick M. Lamb, MAI
“Credibility Outlasts Adversity” Entrepreneurship in unstable times is the stuff of universally-appealing stories, but it’s not every day this kind of gumption plays like a reoccurring right of passage. Lamb Hanson Lamb President/CEO Patrick Lamb is a fourth generation appraiser, having bought the company in 2009 during the height of the economic recession. Now celebrating…
Read MoreOrganizational Change: A story within a story
Something interesting about me is that I am the fourth consecutive generation of my family to operate a local appraisal firm, originating in 1916 in South Seattle. I am also the third consecutive generation of Appraisal Institute designated members here in the Puget Sound. My grandfather bought out my great grandfather following the War; my…
Read MoreMillennial Applications: Changing the Course of Business
Changing Course Implementing change is hard. I’ve failed at it on many occasions. In most instances, powerful forces of human nature are strong at work against it. The use of the word alone can cause people to become defensive and uptight. Think of every time you’ve heard someone say “YOU HAVE TO CHANGE”. Coming from…
Read MoreClient Testimonial: Appraisal for Estate Settlement
Dear Patrick, The support for appraisal values that Lamb Hanson Lamb provided by way of the testimonies of Bryan Boyce and yourself for our estate at the arbitration hearing was much appreciated and a very important piece of the estate’s presentation. Context was provided for the judge and, in my opinion, was instrumental in helping…
Read MoreReal Estate Appraisal during a Divorce
Real Estate Appraisal during a Divorce You’re a spouse going through a divorce – friendly or hostile. One of you has probably moved out, and you’re both wondering what your share of the real estate will amount to. You’re going to have to deal with a division of property – usually, the family residence. What’s…
Read MoreSuccess stories about AI Candidate meetings held at the chapter level over the last few years.
From my perspective, a good approach to help engage and build relationships with Candidates and Affiliates is to focus on three major aspects; 1. in-person chapter meetings, 2. in-person social activities, and 3. online social network connections. In Seattle, we host a candidate/affiliate meeting one hour prior to the main chapter dinner. This is a…
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THE WORLD’S BIGGEST 12TH MAN FLAG was just hoisted today! it’s the size of a house (1,500 SF) just went up at West Seattle Corporate Center. Employees of Lamb Hanson Lamb Appraisal Associates, Inc. a tenant of the building, co-sponsored the purchase of the flag.
Read MoreCell Tower Valuation Models
We’re often called on to determine the contribution cell tower leases have on property value. In most cases, the Discounted Cash Flow Approach (DCF) is an appropriate and reliable method in determining the market value contribution of a property’s leased fee interest, encumbered by a cell tower lease. The concept holds that future income or benefits…
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