Marc Gottesdiener & Co.

About David W. Bearce

ABOUT MARC GOTTESDIENER & CO., INC.

About David W. Bearce

Certified residential real estate appraiser, CT and MA designation(s). Inspect 1-4 family
residential dwelling units. Complete market research and prepare appraisal reports to
client base of financial lending institutions, attorneys and private clients.

Risk assessment analysis and real estate management reconciliations: URAR to BPO
value

General commercial appraisal services provided to complete commercial appraisals on:
apartment buildings, gas stations and office buildings.

Housing & Urban Development Rent Comparability Studies; site and apartment
building inspections, analyze lease components, identify competing properties and
establish current market rents through an adjustment process. Reconcile multiple audit
review functions.

Land Development: Represent land owners through-out the sub-division process:
survey, lot size, zoning conformity, town approvals and interface with public utility
companies.

Former partner/owner of an appraisal company with a staff of five, completing
residential real estate appraisals. Responsible for all accounting functions of this business
with annual gross receipts in excess of $500,000.

Expert court witness and in developing market, cost and income approaches to value.

Download ResumeDWB_RE2026.pdf

Key Aspects of a HUD Rent Comp Study:

Purpose: The study defines the market rent a knowledgeable tenant would pay for a
unit if it were not receiving rental subsidies.
Process: The appraiser selects at least three to five comparable, market-rate properties
(comps) near the subject property, adjusting for differences in amenities, condition, and
location.
Submission & Timing: The RCS must be submitted to HUD between 120 and 180
days before the contract expiration.
Forms: The Form HUD-92273 is used to document the rent comps, which supports the
appraisal's market rent estimates.
Components: The study includes a detailed property description, market area analysis,
and analysis of comparable properties
All Rent Comp Studies are completed in accordance with the requirements set
forth in HUD’s “Section 8 Renewal Policy” dated 05/01/2023

Partial HUD RCS Client List includes:

Konover Residential, Corp.
Carrabetta Management Company
Carr Property Management, Inc.
HallKeen Management Inc.
Merit Properties, Inc.
The Millennium Group
Elderly Housing Management
Putnam Housing Authority
Westport Housing Authority
Fairfield Housing Authority
Vitus Group
Crowninshield Management Company
SBG Partners
DEI Property Management, LLC
Westmont Management Company
Abacus Property Management
Westmount Management

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