PROPERTY SCOUT

Property Scout - Open

We are seeking a highly motivated and detail-oriented Property Scout to identify potential real estate investment opportunities for our team of investors, realtors, and property management specialists. This role is crucial to our acquisition strategy, involving a blend of field research, data analysis, and networking to source undervalued and off-market properties.

Job Responsibilities:

  • Locating undervalued properties: This often involves driving through neighborhoods to find distressed properties or those with signs of code violations, such as vacant or abandoned homes.
  • Conducting market research: They analyze neighborhoods and market conditions to identify potential investment opportunities.
  • Documenting information: They gather crucial details like ownership information and property condition, and may photograph the property.
  • Networking: Scouts build relationships with property owners and agents to discover off-market deals.
  • Building a pipeline: They compile leads for further evaluation by investors or real estate teams.

How will you get paid?

Property scouts typically get paid through hourly wages, salaries, or per successful deal commissions. Some may also receive bonuses or finder's fees based on the value or success of the properties they help identify.

Typical commission structures for property scouts often differ from licensed real estate agents but can include:

  • Flat Fee per Property: A fixed payment for each property lead or qualified deal found, often agreed upfront.
  • Percentage of Purchase Price: A smaller commission percentage (e.g., 1-3%) of the final sale price or profit margin.
  • Finders’ Fee: A one-time payment or a percentage of the deal’s value upon successful closing.
  • Tiered Commissions: Increasing percentage commissions based on volume or deal size to incentivize more or larger acquisitions.
  • Hybrid Models: A base flat fee plus commission for higher-value deals or volume thresholds.