Tell me all about being a Property Data Collector?

[Bobby Bucks]

Here's what Groundworks requires:

GroundWorks is accepting applications for Appraisers, Appraiser Trainees, Home Inspectors, Notaries, and Real Estate Agents to join our team. To get started, we require the following:

• Appraisers and Trainees must provide proof of licensure
• Home Inspectors must have proof of licensure (online course completion certificates are not accepted)
• Notary applicants will be required to verify their commission
• Real Estate Agents must provide an RE License number
• NY RESIDENTS: Notaries and Home Inspectors are not eligible
• All licenses must be ACTIVE.

I’ve been making the case for years that a notary public license would one day be superior to an AI designation. B. Bucks esq. and Texas Notary Public.

 

[J Grant]

The problem with PDC as a side gig is the turn time. Looking at it as a side job, because outside of staff, that is what it will be, is the sporadic nature of the orders combined with the tight turn times and pressure. All the hybrid work will be ordered by an AMC and the thing AMC's are good at is applying pressure and harassment about a turn time. So this will not be a side job somebody can just fit in easily around other things, because when an order comes in, they want it inspected ASAP and as soon as it is inspected, there will be a ticking clock on delivery. I predict high turnover for PDC people and some orders just dumped because if a RE agent has a choice between going to a $100 PDC inspection and going for a listing appointment where they could get a listing to yield them a $15,000 commission, guess which one they will show up for.

I also think that PDC work is a poor fit for many RE agents. I used to be a RE agent, and the majority of them then and now stay in a relatively small market area and sell the same kind of property over and over - tract houses or condos or whatever. A minority of agents cover a wide range of property types and a wider area but most do not. Though some RE agents may adapt well to driving anywhere they are sent and inspecting diverse properties, some will not like it at all. A RE agent who does BPOs are sitting in their home or office at the comfort of their desks. A PDC agent is out there in the field. I bet some RE agents won't even get out of their car when they pull up to some of the properties - should be interesting. In some cases the "efficiency" will be there and in others not. A RE appraiser will make dogged efforts to get inside a property, will a PDC collector? Almost 1/3 of the properties I call and arrange to inspect have some weird access problem when I arrive. The people left the front gate locked and there is no way to even get in the driveway and they do not answer the phone or the key they left for a vacant house does not open the door etc. It is surprising how often that kind of thing happens.

 

[ucbruin]

Ms Grant....
Dream on....

 

[Carnivore]

Groundworks is the Ultimate Nationwide AMC? No! They are much larger than that. They are Very Large centralized one stop Shopping to serve Large nationwide and medium size Regional Lenders. Wait a minute. No, they are even larger than that.

If you want to be on the team here us where you go

Mobile PCR Technology for Property Inspectors - GroundWorks

Property Inspectors - Grow your income by joining the GroundWorks inspector network. Get local order alerts and the property inspection tools you need to deliver high-quality interior and exterior property condition reports (PCRs) – all powered by mobile technology.

www.groundworks-inspections.com

If you want to do more research first then google using different words in your search

https://www.glassdoor.com/Reviews/Groundwork-Inspections-Reviews-E1644067.htm

to finish we have had this discussion in the past

Property Inspections

Hire a person who cuts lawns or a lawyer? Or, an axe murderer to cut trees for firewood :) The USPAP issues are minimal. Just carry a separate business card declaring your expertise as Property Inspector and Architectural Imager. (strictly speaking digital images are not "photographs" but are...

appraisersforum.com

 

[J Grant]

Groundworks is the Ultimate Nationwide AMC? No! They are much larger than that. They are Very Large centralized one stop Shopping to serve Large nationwide and medium size Regional Lenders. Wait a minute. No, they are even larger than that.

If you want to be on the team here us where you go

Mobile PCR Technology for Property Inspectors - GroundWorks

Property Inspectors - Grow your income by joining the GroundWorks inspector network. Get local order alerts and the property inspection tools you need to deliver high-quality interior and exterior property condition reports (PCRs) – all powered by mobile technology.

www.groundworks-inspections.com

If you want to do more research first then google using different words in your search

https://www.glassdoor.com/Reviews/Groundwork-Inspections-Reviews-E1644067.htm

to finish we have had this discussion in the past

Property Inspections

Hire a person who cuts lawns or a lawyer? Or, an axe murderer to cut trees for firewood :) The USPAP issues are minimal. Just carry a separate business card declaring your expertise as Property Inspector and Architectural Imager. (strictly speaking digital images are not "photographs" but are...

appraisersforum.com

? I have not heard of Groundworks being a major AMC and if they are not a major AMC, they are not a major player in PDC work either ( as far as I know, I am an outsider on this but then we all are ). Just because Groundworks advertises for PDC collectors or calls themselves a major provider may not mean they will see the volume they are hoping for - though they might see more of it with WAIVERS than they do as hybrid appraisals

My understanding is that now a number of Waivers ( value acceptance ) need a PDC report attached, if that is the case more of the work might come from that. Because if the market is slow for appraisals then it is slow for hybrid appraisals....and also slow for Waivers. Some of these companies signed up for this in a busy booming market and they will see low volume like everybody else in the RE lending food chain in a prolonged market slowdown.

 

[Tom D]

when the downturn values come like a tidal wave, there will be no more waivers until the next up cycle. it will take a while for those past high, higher values, to see equity space for a refi, or sale.
probable most appraisers here will finally be retired when the upturn starts again. i do them for fun now, being retired is to boring to me.

 

[EddieB]

Show me you’re a data collector without telling me.

Just kidding

 

[Carnivore]

Ground Works is not a registered AMC in NC. Probably not an AMC in any State.

When you peruse and research Ground Works the Picture becomes more clear what they are AND also what they are becoming. The Captain of that ship is charting the path to Growth.

The CEO is responsible for making major corporate decisions, managing overall operations, and setting the company's STRATEGIC direction. They are accountable to the board of directors or stakeholders of the company and are often the public face of the organization.

If you can understand the Above than it should be clear that they are absolutely capable of becoming an AMC.

 

[TC]

They're owned by Accurate Group.

 

[Tiffany Gibbons]

The problem with PDC as a side gig is the turn time. Looking at it as a side job, because outside of staff, that is what it will be, is the sporadic nature of the orders combined with the tight turn times and pressure. All the hybrid work will be ordered by an AMC and the thing AMC's are good at is applying pressure and harassment about a turn time. So this will not be a side job somebody can just fit in easily around other things, because when an order comes in, they want it inspected ASAP and as soon as it is inspected, there will be a ticking clock on delivery. I predict high turnover for PDC people and some orders just dumped because if a RE agent has a choice between going to a $100 PDC inspection and going for a listing appointment where they could get a listing to yield them a $15,000 commission, guess which one they will show up for.

I also think that PDC work is a poor fit for many RE agents. I used to be a RE agent, and the majority of them then and now stay in a relatively small market area and sell the same kind of property over and over - tract houses or condos or whatever. A minority of agents cover a wide range of property types and a wider area but most do not. Though some RE agents may adapt well to driving anywhere they are sent and inspecting diverse properties, some will not like it at all. A RE agent who does BPOs are sitting in their home or office at the comfort of their desks. A PDC agent is out there in the field. I bet some RE agents won't even get out of their car when they pull up to some of the properties - should be interesting. In some cases the "efficiency" will be there and in others not. A RE appraiser will make dogged efforts to get inside a property, will a PDC collector? Almost 1/3 of the properties I call and arrange to inspect have some weird access problem when I arrive. The people left the front gate locked and there is no way to even get in the driveway and they do not answer the phone or the key they left for a vacant house does not open the door etc. It is surprising how often that kind of thing happens.

I agree. Even the small town realtors here dress sharp and drive fancy cars. I almost never meet a realtor at a property unless there is one trapped at a model home just wanting to stretch their legs. Most of the good realtors here hire appraisers to measure for them because they know Assessor data is unreliable (on larger homes, homes with finished areas not picked up, etc.). I don't see realtors doing Property Data Collection. Home Inspectors make lots of money. That makes no sense either.