Our focus at SOFI is NOT on mortgage drive-by inspections. These inspections pay $3 … $4 … $5 and the mortgage segment is the home of 99% of the problems in the field services industry.
If you perform 50 of these inspections in a day, you will be stopping and starting your car at least 50 times a day. Most of these mortgage inspections require 7 photographs EACH. You will need photos of all sides of the house, the address and corner street signage. Yes, you will be entering fenced backyards were you may be eaten by a huge dog.
You will have to organize, manage, annotate and upload about 350 photos and submit 50 reports online. That will take some time and great organization skills. The IRS says it costs over 50-cents a mile to operate your vehicle. The IRS and many states required you to pay taxes on your income. So how much will you really earn at the end of the day with these low-fee mortgage inspections? The high inspector turnover rate on these mortgage inspections says that it does not take a long period of time to discover that there is no money to be made with mortgage inspections. You can easily get large volumes of $3 mortgage inspections because no one wants them.
At SOFI, we focus on the higher quality firms that pay the higher inspection fees. The sweet spot is commercial inspections. Check out all of the great products at www.sofistore.com
Call 352-449-1041 (east coast) if you want to chat about the field services industry.
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