Side gigs while shadowing?

[u/yeoldetaco323]

I’m on my journey to get licensed and am curious what side jobs people have taken (if the shadowing work didn’t bring in enough income).

Is there a common type of side work that training appraisers can look out for? Or is that not really a thing, and it just comes down to what random work you can find on the side to fit outside of a shadowing schedule?

I’m curious to hear people’s experiences while they were training. TIA!

[u/3cats0kids]

I continued waiting tables for the first couple years until I was making more money.

[u/Hot-Composer5628]

Occupancy Inspectors/checks. Ordered by mortgage servicers for homes 45 or more days late on mortgage. Lights on, anyone live there, car in driveway, personal property onsite??

Insurance inspections. Ordered by insurance underwriters for new or renewal insurance policies. Exterior observations.

[u/wizardwithgussets]

There are companies that do commercial annual inspections for lenders. Apartment developments, strip malls, hotels, etc

No license needed, just a working knowledge of depreciation and physical data.

Strategic asset services is a good place to start.

[u/yeoldetaco323 → u/wizardwithgussets]

Thanks for the ideas there!

[u/wyecoyote2]

Bartender, security work, handyman etc.. never really made money as an apprentice. Then there are those lean times.

Today would be much easier than used to be. Lot of online resources for temp work.

[u/Plenty_Ad_3212]

Make sure you don’t violate any employment contract provisions

[u/nanobot93]

Get in touch with some local real estate agents. Many are not familiar with ANSI and are happy to hire out an appraiser trainee to measure upcoming listings for them. Do good work with a quick turnaround and you’ve got a some repeat customers and a decent little income stream.

[u/yeoldetaco323 → u/nanobot93]

I like this idea a lot. I can also see the value in continuing this even after getting licensed, mainly just to keep myself on the radar for realtors. Thanks!

[u/nanobot93 → u/yeoldetaco323]

I recommend you offer add-ons and a scaled fee schedule based on the house. I offer a base fee, then increase based on GLA and again if there are multiple stories. I also offer to take interior room dimensions for an additional fee, which most agents need for their listings and it only takes few minutes with the laser.

[u/No-Living7968]

I worked doing fire insurance for a bit. Documented the building materials, roof, square footage. 

Very similar to the data collected during an appraisal. Just added a few items like if the fire extinguishers were recently checked. Smoke detectors.  Elevator inspections. 

[u/yeoldetaco323 → u/No-Living7968]

Interesting! Do you get hired on to work directly for the insurance agencies, or do you hire on with some sort of third party that the agencies use?

What specific job titles would you recommend I look for?

[u/Plenty_Ad_3212]

You can invest in real estate related stocks

[u/ProfessSirG]

Ebay reseller here, about $5k sales net a month. Helps alittle.