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Updated over 5 years ago on . Most recent reply

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Bird Dogging/ Research Assistant- How much to charge?

Posted

Hey Guys,

I'd like an expert opinion here, if at all possible.  I'm pretty new to real estate investing.  As part of my process for learning/ gearing up to start my own deals, I offered to do property research for a real estate agent, since I have more time on my hands than he does.  He asked me how much I want to get paid for doing the research for him, and I really wasn't sure what a reasonable value per property would be.  

For a bit of context on the info I have readily available to me, I just subscribed to propstream.  It can be a little out of date here or there, but it's generally pretty good.  It makes pulling comps super easy, without having to bug an agent for them.  Plus it has a bunch of analysis tools and marketing bells and whistles on it too.  Now this isn't an endorsement for them, but rather to give a bit of context and that it's software I'm going to be paying for (still in my free trial period at the moment), which is part of my overall costs for doing this research for the agent.  

I also know that some research I'll need to do is a bit more extensive than others- pulling engineer reports, sink hole repair reports, etc.  Those should obviously cost more than a basic analysis of a property.  But bottom line, is that I'm not really sure where to start my baseline for a reasonable amount to charge for doing research.  Has anyone ever done this before, for someone else?  How much do you think I should charge per property?

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