David E. Lakvold, MAI, SRA
Dave has been a real estate appraiser since 1983. He started working for two residential appraisers while attending college. He attended his first appraisal course in 1984 and obtained a variety of residential appraisal experiences over the next year and a half. After graduating from Louisiana State University in December 1985 his employer told him to start his own business. It was a difficult transition but in 1985 Dave became self-employed. He worked as a residential appraiser for the next four years. He had an interest in commercial appraising after taking some advanced education from the Appraisal Institute (at the time it was still the Society of Real Estate Appraisers). A regional bank approached Dave about filling a review appraiser position. Dave took the position because it offered an immersion into the commercial side of the industry.
The review appraiser position started in 1989 when Louisiana, Texas, Oklahoma and Colorado had entered into a corrective period. The impact of the Tax Reform Act of 1986 and low oil prices had an adverse impact on the local and state economy. The FDIC was closing and taking over banks. These banks had large volumes of non-performing real estate loans. After a year or so a local commercial appraiser approached Dave to be a staff appraiser. He took the position because there was a significant volume of work on a variety of property types. He continued in this position for about three years.
After obtaining a variety of experiences from a skilled and knowledgeable appraiser Dave left to start his own firm. He started another appraisal firm that serviced the residential and commercial markets. This lasted for three years but Dave was drawn to commercial real estate development. A friend had recently started a commercial brokerage firm that specialized in big-box retail development. Dave’s interest peeked and he closed the appraisal business to do development work. After several years and putting a number of retail developments in the state the primary client decided that they no longer wanted to expand in Louisiana.
Dave started another appraisal firm this time with his wife Angela Lemoine-Lakvold, MAI, SRA. The firm started in 1999. Dave and Angie shared office space with another appraisal firm doing their own work and contract work for other appraisers. In 2005 they opened their own office. Dave continues to do appraisal work on a variety of property types but also has expanded the business to include a software component.
The software business is real estate related. The primary software is database program about to come on the market. One of the biggest problems appraisers face is the lack of an efficient tool to store and manage data. The software addresses this issue and will be marketed extensively in 2011.
Dave has a beautiful wife and two amazing kids. His daughter, the oldest, is in middle school and an honor student at The Dunham School. His son, who is diagnosed with autism, is a second grader and also attends The Dunham School.
Angela Lemoine-Lakvold, MAI, SRA
Angie has been an appraiser since 1986. After graduating from Louisiana State University in December 1985 she took the Professional Entry Test with the State of Louisiana. Her career started at Louisiana Department of Transportation and Development as a staff appraiser. She was exposed to a variety of property types that were affected by the State’s road improvement projects. After working at DOTD for about three years a local commercial appraiser approached Angie to be a staff appraiser. She took the position because there was a significant volume of work on a variety of property types. She continued in this position for about four years.
A national bank approached Angie to become a staff review appraiser. Angie took the position because it provided further exposure to a variety of property types and to the banking side of the appraisal industry. She helped create and implement policy in compliance with new regulations that affected commercial and residential appraisals. The position expanded and Angie became responsible for a region. She continued in this position for seven years.
Angie started appraisal firm with her husband David Lakvold, MAI, SRA. The firm started in 1999. Angie and Dave shared office space with another appraisal firm doing their own work and contract work for other appraisers. In 2005 they opened their own office. Angie continues to do appraisal work on a variety of property types but also has expanded the business to include right-of-way and litigation services.
Angie has a wonderful husband and two amazing kids. Her daughter, the oldest, is in middle school and an honor student at The Dunham School. Her son, who is diagnosed with autism, is a second grader and also attends The Dunham School.