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If you’re looking for ways to diversify your income stream in real estate, working as a Property Data Collector for Clear Capital could be an excellent opportunity.
This role involves conducting property inspections, including post-disaster inspections like those currently in high demand due to Hurricane Helene. We have seen these post-disaster inspections requested as far east as the Greater Charlotte Region. Here’s what you need to know about this role, how it works, and what you’ll need to succeed.
What is a Property Data Collector?
Property Data Collectors conduct interior and exterior inspections of properties on behalf of financial institutions, lenders, and investors. The primary goal is to verify property conditions, especially after events like natural disasters. Your duties will involve photographing properties, documenting damages, and reporting findings.
How to Get Started with Clear Capital
Clear Capital is a real estate valuation company that partners with real estate professionals like you to provide timely and accurate property reports. To begin working with Clear Capital:
Complete an Application: You’ll need to fill out a brief online application indicating your interest in joining their Broker Network as an experienced real estate professional.
Create an Account: Once approved, set up your ClearCapital.com profile to receive assignments.
Accept Assignments: You’ll receive assignment requests via email, and you can accept them with one click.
Follow the Instructions: Each assignment comes with detailed instructions, as shown in the sample request provided below.
Example of a Property Inspection Assignment
Here’s an example of a typical inspection request from Clear Capital:
Property Address: [Address Redacted], Charlotte, NC 28213 Purpose: Post Disaster Inspection. No comps required. Due Date: 7:00 PM ET on Thursday, October 24, 2024 Compensation: $20.00*
*This is an example of compensation provided for an assignment. The amount varies, and it is negotiable in some cases where there are limited inspectors in the area.
The process is straightforward, but each assignment includes specific requirements, such as taking exterior photos, verifying addresses, and reporting any disaster-related damages.
What You’ll Need to Succeed
Reliable Transportation: Inspections involve driving to properties across your local area.
Attention to Detail: Be thorough in documenting property conditions, including taking clear, timestamped photos.
Ability to Meet Deadlines: Many assignments have tight timelines, so quick response and execution are crucial.
Communication Skills: If you encounter obstacles (e.g., a gated property or limited access due to debris), you’ll need to contact Clear Capital to proceed.
Basic Technology: Clear Capital provides mobile app-based tools, like ClearInsight™, to streamline data collection and submission.
Key Benefits of Being a Property Data Collector
Diversify Your Income Stream: This role offers a steady way to earn additional income alongside your real estate career.
Regular Payments: Clear Capital offers direct deposits twice a month, ensuring reliable payment schedules.
Flexible Scheduling: You can accept or decline assignments based on your availability.
Supportive Network: Clear Capital offers robust vendor support, including phone and email assistance Monday through Saturday.
If you’re a real estate student or professional looking to expand your portfolio, becoming a Property Data Collector could be a rewarding step. It’s an opportunity to work with top lenders and investors while contributing valuable data during critical times, such as post-disaster recovery efforts.
Have you done work as a property data collector before? Share your experience in the comments below or with a colleague in an upcoming CE class!