Commercial Real Estate Inspector (Seattle)
Strategic Asset Services - Seattle, WA

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Looking for a flexible part-time position to supplement your core real estate business interests? Want to expand your exposure to the commercial side of the industry?

JOB DESCRIPTION

Our inspectors perform property inspections on behalf of the commercial mortgage industry including making management contact, setting site inspection appointments, completing physical inspections, and uploading written reports. The schedule is flexible as inspectors choose their own hours working from their homes.

QUALIFICATIONS

Above average written, verbal communication, computer and typing skills.

Own a PC with Windows XP or newer with Microsoft Excel and Word (2003 or newer) plus fax machine, scanner, high-speed Internet and digital camera.

Self-directed, self-motivated, and self-disciplined.

Able to work quickly and efficiently, meeting hard due dates with a minimum of supervision and have a high degree of integrity.

Detail oriented, well organized, and flexible. Candidates must also have job ownership, as well as a take charge/can do mentality.

Depending on the territory must typically be available to complete physical inspections in the field at least work two full week days per week.

Able to interact professionally with borrowers, management and clients.

Access to a reliable car with ability to cover a wide territory.

Physically able to complete a full day of inspections, including inspecting flat roofs, where safely accessible by attached ladder.

Committed to a long term part-time relationship with SAS.

MUST HAVE SUFFICIENT EXPERIENCE OR TRAINING TO ADEQUATELY ASSESS THE PHYSICAL CONDITION OF A PROPERTY.

COMPENSATION

Compensation is based on a two-tier employee (W-2) structure: $18/hr for the inspection rate and $12/hr for the driving rate plus mileage reimbursement and a phone allowance. The lower “driving” rate is used only when the inspector is commuting. All other work is billed at the higher “inspection” rate, which typically includes time spent scheduling, inspecting and typing reports. Depending on the territory, about three-quarters of the total hours billed are at the higher inspection rate. Mileage is reimbursed at 48.5 cents per mile round trip. A phone allowance of $1.00 per submitted report is paid on a monthly basis.

MORE ABOUT THE POSITION AND THE COMPANY (RECAP)

Strategic Property Associates, LLC, our sister company, is a full outsourcing shop for the commercial mortgage industry, specifically the CMBS arena (Commercial Mortgage Backed Securities). We specialize in providing a full array of services for our clients, including underwriting, loan assumptions, new loan set-up, reserve replacements, due diligence, and lender-generated annual property inspections.

Strategic Asset Services, LLC is responsible for the daily operations of the annual property inspections side of the business. Based in Orange County, California, we supervise a team of commercial 200 property inspectors across the country. Please visit our website at www.strategicproperty.com.

Our inspectors work out of their homes, making contact with borrowers, scheduling inspections and preparing/uploading the subsequent reports onto the company website. The position is ideally suited to couple with other business interests, such as appraisal, home inspections, real estate investment, property management, and engineering.

While the corporate office provides direction and support, the inspectors are expected to work independently and efficiently, with minimal supervision, providing a steady flow of work and consistently meeting hard due dates. Schedules are flexible, with appointments set at the mutual convenience of the inspector and property contact. As inspectors are being paid by both their time and mileage, they are expected to work quickly and efficiently. Clustering properties together to maximize inspection days is a key part of the inspection process.

Inspectors serve as the “eyes and ears” of the client (lender), assessing how a property is performing in terms of physical condition, occupancy and management. The physical inspection includes inspection of all exterior areas, interior common areas, a select number of occupied/vacant units, and roof/mechanical areas.

The average inspection takes approximately 3.5 to 4 hours to complete from initial assignment download to final report upload, depending on property size, inspection scope, and distance. Included in this model are set-up, phone calling, driving, inspecting, typing and uploading.

New inspectors are provided with a paid day of training which generally includes accompanying a seasoned inspector on several inspections. Ongoing training and support are provided.

The flow of work fluctuates based on client assignments and the geographic location. The flexible schedule allows inspectors to couple their inspection work with other business interests. While we can provide good estimates of volume in assigned territories based on prior years’ work, we can make no guarantees. Some of our clients provide us long-term assignments, which we are able to complete throughout the year. Other lenders provide assignments with a four to six-week turnaround time. Occasionally, two-week rush inspections are scheduled.


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