Crown Point, IN · Member since 2018 · 56 posts · 23 votes
I have a friend who cannot continue working in their current industry who has expressed interest in becoming a home inspector. He asked me if there was demand for more inspectors but I thought you agents would be able to answer it better than me as an investor. I know a lot transactions involve an inspector but that says nothing about how flooded the market is with them already?
Do you guys and gals think there is room for more inspectors? Is it something that can produce an ok annual income? or is it more of a side gig?
This is all assuming that "current events in the news" will eventually return to some kind of normal.
Edit: PS he is in the northern/northwestern Indiana area
Real Estate Broker · 3412 S. Harlem Avenue Riverside, IL 60546 · Member since 2015 · 6k+ posts · 5k+ votes
6y
@Rich Bultema being an inspector is just like any service business. There is plenty of work to go around, but it is a business not a job. Your friend will have to prospect to find leads (new realtors, lenders, attorneys and other "funnels"). I have found that home inspectors are just like any other business. 80% of the inspectors don't "get it" and don't make a lot of money. The 20% who do get it clean house and are doing 3-4 inspections per day.
Inspector · Fort Lauderdale · Member since 2019 · 223 posts · 51 votes
6y
Good topic that only a few talk about. One way of knowing if you can make good money is to know if your state requires a occupational license like Realtors, Electrician, Etc... otherwise any body can claim to be an inspector. Yes it is a business unless you work for someone else. . Working for some one else you can make around 40% to 70% of the fee because there is insurance, software, scheduling, and some equipment, like a A/C company or other trades. and the majority don't get it right. I am a part time inspector and investor but there is some good money to make and you c an use your expertise towards buying properties because you will see the inside of a property, and there is a lot of crazy things out there.
tell you friend to start looking in to InterNASHI.org or ASHI this are the biggest national associations and have tons of training.