Tell me all about being a Property Data Collector?

[shrubberyvaluation]

Missed out on history?

They did the same thing 1950-1970 encourage POC from southern farms to northern cities to work in the factories. You know, those same factories they encouraged to leave the country, and gave them tax breaks for that, to manufacture outside the US and importing their goods back here.

Same party too.

.

Its almost like its intentional. They can victimize them again and have something else to campaign on fixing.

 

[shrubberyvaluation]

How silly is this?

traditional appraising, with 5 assignments a week, the income would range from $1500 to $2500- and more depending on fees.

Compare to 5 PDC inspections at $75 to $100 each earnings of $375 to $500. The data collector does not need to deep dive into an assignment for verification or anything else, but my experience indicates the PDC inspections won't be as fast knock them out easy money as some seem to believe - note that nobody has actually done any of any or in any volume here, but we've all done inspections.Even a BPO (I've done a few are not as fast and easy as these companies sell them as being -

I know you enjoy taking the AMC side for whatever reason, but trying to spin an appraiser going from earning $1500 a week to earning $375 a week is tough even for you! The total $ per hour is less with the PDC inspection work even if the total hours are fewer . Most appraisers would trade the hours for the income of course. What kind of income is $3675 a week? Part-time or fast food, neither of which is considered as a profession yet minorities are being recruited for this "profession" now. They are getting the short end of the stick due to timing.

I would never do the appraiser side of it but I would consider the inspection side for $100+ if its a smaller house/rectangle and not too far or vacant near where I'm traveling too. The inspection is way shorter than the actual appraisal. Plus as a PDC you don't need to do a good job and those that use them probably put those that do a good job on a DNU list anyhow.

 

[Carnivore]

This is the best advice I can give any appraiser

Improvise, adapt, overcome is an unofficial slogan among the U.S. Marine Corp.

Residential Appraisers are faced the with the challenge of how to survive in these changing times. Our Clients especially Lenders are always looking for ways to increase their profits and decrease the time of each transaction.

Residential Appraisers should develop additional revenue Streams.
1. State RE Broker License
2. State home Inspector License
3 . Measuring/Photo Service

Lastly Just Quit and go n to a more stable career

 

[Carnivore]

If gas is say $15 round trip and total time 2 hours , between entering the assignment, making the appointment, driving, the inspection and then uploading the information it comes to $30 an hour. Which is $10 an hour more than many other gig jobs pay, but these are just my estimates and of course, any of it can vary. Idk, I see a minimum of 1/5 hours for a close one or 3 hours or more for a far one or difficult property.

The lack of consistent work might make doing these not attractive. One week you might get 2 and another week 5 and another week none and another week 8, whereas with a side job with set hours or gig job with make your own house, it is consistent and you can plan on the $ earned.

Still some people will want to do it and that's fine. I do not see it as easy money though. The detail they expect wrt a number of photos and the measure or cabi cusa floor plan and the form filled out correctly and then uploading it within a tight turn time etc it is not so easy as the flippant posts about it make it seem. Plus the usual AMC stips and we need another photo of X will apply. Idk about what other people encounter, but to get inside a property can take days sometimes between people not calling or texting back or the owner is away ...and meanwhile the AMC is calling every hour asking then the appointment will be set. The reality means doing the work they used to do for a fraction of the fee for an appraiser, and for a RE agent being subject to a level of scrutiny they do not experience within their own line of work.

1.The volume per week/month is questionable. There are a lot of Harry's the Aluminum Can Collectors Part Time Home Inspectors out there.

2nd Bold Above: Yes, and the turnover rate will be high,

 

[TC]

If gas is say $15 round trip and total time 2 hours , between entering the assignment, making the appointment, driving, the inspection and then uploading the information it comes to $30 an hour. Which is $10 an hour more than many other gig jobs pay, but these are just my estimates and of course, any of it can vary. Idk, I see a minimum of 1/5 hours for a close one or 3 hours or more for a far one or difficult property.

The lack of consistent work might make doing these not attractive. One week you might get 2 and another week 5 and another week none and another week 8, whereas with a side job with set hours or gig job with make your own house, it is consistent and you can plan on the $ earned.

Still some people will want to do it and that's fine. I do not see it as easy money though. The detail they expect wrt a number of photos and the measure or cabi cusa floor plan and the form filled out correctly and then uploading it within a tight turn time etc it is not so easy as the flippant posts about it make it seem. Plus the usual AMC stips and we need another photo of X will apply. Idk about what other people encounter, but to get inside a property can take days sometimes between people not calling or texting back or the owner is away ...and meanwhile the AMC is calling every hour asking then the appointment will be set. The reality means doing the work they used to do for a fraction of the fee for an appraiser, and for a RE agent being subject to a level of scrutiny they do not experience within their own line of work.

They rarely bug me about appointments and turn time is 24 hours after inspection. Again it's a part time j o b.

When I started out on my own I shot MLS photos for 5 bucks a pop. No one did that as a full time job. A lot of retirees, agents and starving appraisers.

 

[J Grant]

They rarely bug me about appointments and turn time is 24 hours after inspection. Again it's a part time j o b.

When I started out on my own I shot MLS photos for 5 bucks a pop. No one did that as a full time job. A lot of retirees, agents and starving appraisers.

Good for you but it contradicts another post you made about never working for an AMC, my impression is that the only entities giving out PDC work would be an AMC. I have no problem if anyone wants to do them, I just think it is sad that the pay overall sucks and having an appraisal license means you are not paid a dime more than a non appraiser for them.

And how long will the current $100 for an order last if these companies feel they can pit the providers against each other - idk - good luck with it.

 

[J Grant]

They showed two reports online somewhere for Clear Capital with the same data collector who used some of the same photos for two different properties and cropped them. The appraiser received $25 for each report (Duplexs/2 unit with AS-IS and as repaired value), no idea on the data collector. The level of scrutiny will depend on the client. I'm not seeing the point of this unless you are trying to facilitate fraud for more money.

It makes more sense imo for an appraiser to do the appraisal part rther than the PDC inspection part, but I can understand why some appraisers would not want to- so far I am not signed up to do either - I am okay with the very low volume of regular work I am getting for now as am working on other projects idk what that will look like in 6 months or a year etc.

 

[ucbruin]

Vision Government Solutions4.0
Data Collector, Appraisal Services - Rhode Island

Vision is a big player in MA for data collected for Assessors....

 

[TC]

Good for you but it contradicts another post you made about never working for an AMC, my impression is that the only entities giving out PDC work would be an AMC. I have no problem if anyone wants to do them, I just think it is sad that the pay overall sucks and having an appraisal license means you are not paid a dime more than a non appraiser for them.

And how long will the current $100 for an order last if these companies feel they can pit the providers against each other - idk - good luck with it.

I never did an APPRAISAL for an AMC. Once I lost all my clients to them I switched to assessment and right of way work.

 

[sputnam]

I don't know anything about being a PDC. If you are a credentialed appraiser, you will still have to comply with the Ethics Rule, Competency Rule, etc. I suspect that, like with appraisal work, AMCs, and similar companies will seek to pay the least they possibly can to have the work done. I also suspect that I would find the work mind numbingly boring however, sometimes you just have to pay the bills.