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About Michael Kletecka

Michael Kletecka

Mike has 22 years’ experience in the Auction, Liquidation & Appraisal industry with all forms of Manufacturing and Support Equipment, and Inventory. Over the years he has performed or consulted on hundreds of appraisals, auctions and liquidations for Banks, Attorneys, Turnaround Firms, and Accountants.

Articles by Michael Kletecka

Personal Property Appraisals 101

Are you a lender who needs an appraisal of personal property (machinery, equipment, and inventory) in connection with making a loan? Are you a company that needs one in connection with a capital raise or some other purpose? Regardless of the reason the need may arise, there are some baseline concepts that you should understand before hiring an appraisal firm. This article discusses some of them.