Tell me all about being a Property Data Collector?

[Tiffany Gibbons]

Just do it to get out of the house. Plus, nothing better than walking through a POS, or a ranch in the middle of a two story neighborhood, or a true Pittsburgh row house with kitchen and bathroom in the basement and knowing I DON'T have to write it up. Again, it won't be around for long. Can't make a living doing it.

You can't even pay for gas doing 10 a month at $75 an inspection, now that I think about it. Are you walking or on a moped? I think the former SRA is lying to you about doing 40 to 50 a month of hybrids or desktops at the moment. I'm just not buying this.

 

[TC]

You can't even pay for gas doing 10 a month at $75 an inspection, now that I think about it. Are you walking or on a moped? I think the former SRA is lying to you about doing 40 to 50 a month of hybrids or desktops at the moment. I'm just not buying this.

Trust me, known the guy for over 30 years, he can do as many as he wants. All my inspections are within a 10 mile radius, worth it to me.

 

[djd09]

You can't even pay for gas doing 10 a month at $75 an inspection, now that I think about it. Are you walking or on a moped? I think the former SRA is lying to you about doing 40 to 50 a month of hybrids or desktops at the moment. I'm just not buying this.

why are they going to pay him 75, when they can just pay the next scab 25...

 

[Overimprovement]

RIP, CRA credential.

 

[Tiffany Gibbons]

Trust me, known the guy for over 30 years, he can do as many as he wants. All my inspections are within a 10 mile radius, worth it to me.

Mortgage originations are down 17% this month in most areas so as "many as he wants" might not go on forever.

 

[TC]

Mortgage originations are down 17% this month in most areas so as "many as he wants" might not go on forever.

Of course not. He's aware of that. Most of this stuff is cookie cutter HELO and applicants with good credit.

 

[Tiffany Gibbons]

Of course not. He's aware of that. Most of this stuff is cookie cutter HELO and applicants with good credit.

They should get waivers, lol

 

[sputnam]

You can't even pay for gas doing 10 a month at $75 an inspection, now that I think about it. Are you walking or on a moped? I think the former SRA is lying to you about doing 40 to 50 a month of hybrids or desktops at the moment. I'm just not buying this.

I don't know how far you are driving for each one.. but... even my 20 mpg pig of a Jeep doesn't use $75 worth of gas to look at one property.

 

[J Grant]

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.

 

[ucbruin]

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.

You just described traditional appraising....
Money is different but time spent per assignment will also be different....

Think about this....
If every appraiser were to truly "verify" all potential sale comps (verify in the Biblical book of the ResGuy) it would truly add hours if not days to complete the report....
But not for the data collector....