Earnings potential is determined by four factors:
- Number of Field Inspection Companies you are associated with
- Number of Inspections
- Type of Inspections
- Efficiency of Inspector
Our assignments can typically be completed within 5 minutes to 1 hour.
Our compensation will range from about $7-$10 for a drive-by with photos only, up to $40-$100 for a 1 hour report. If you are thinking along an hourly income rate the potential income should range from $30-$100 per hour.
You will initially find that you will spend a little more time but within a few months, as you gain more experience, you will find yourself spending less time in completing assignments. The amount of inspections you will complete in the same amount of time will increase and you will earn more income in shorter period of time.
Note: Every company which you will do an inspection for will tell you upfront exactly what they will pay for an inspection and exactly what they want you to do and hand in for payment. If you are not comfortable doing a certain type of inspection or the inspection calls for you to drive outside of an area which you are currently working the company will compensate you for that time and level of inspection. If not,don’t accept the inspection.
The amount of income you earn monthly or yearly will be dependent on the number of companies you “freelance” for, types of inspections and whether you do this part-time or full-time. A part-time inspector can easily earn $25,000 per year. Full-time inspectors can earn more than $50,000-$75,000 per year.
If you specialize in commercial inspections, FHA or larger mortgage type inspections you could easily top $100,000 per year. These inspections do require more time and knowledge but don’t be afraid or shy away from them if offered. In most cases the Field Inspection Company will assist you with the first few you undertake, they understand what your experience level is but they also need good inspectors. It is in their interest to assist you and train you.
Last the key for your most success centers on a few factors,
- First and foremost you have to be reliable, accept inspections that you can complete in the timeline the company has requested them in.
- Do quality work, take good pictures, ask the company if they have a preference in the number, location and size of picture (meaning the mega pixel size).
- Your email inbox is your friend, check it regularly and respond to requests or issues on your inspections promptly.
- Sign up with a lot of companies initially, build a relationship with them and do quality work and they will send you more and more work.
- Stay determined and follow what has been outlined in the e-book.
