How to Make Money as a Property Scout ?

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When people consider a career in real estate, scouting is an option that is sometimes overlooked, and perhaps a bit misunderstood. At JC REInvestment Group, we have cultivated a Scout Program that provides a viable career option for the right person. Here's a look at how it runs at our firm.

What is a Property Scout?

A scout is a person who identifies real estate opportunities: vacant properties, inherited properties, tired landlords, pre-foreclosure properties, tax liens, auction properties, bank owned properties, cash buyers, and presents those leads to a our investment firm. In other terms, a property scout is essentially a business originator. Once a scout recognizes an opportunity, he or she brings that information to JC REInvestment Group, working as a conduit between the firm and the opportunity. And property scouts DO get their share-- this could be $1,000.00 to $1,500.00 finders fee -- just for doing the connection. The scout-to-agent relationship is both balanced and symbiotic: a natural connector handing the information off to a team of investors who are really, really good at getting the deal done.

How to Make Money as a Property Scout?

The role of a property scout is a good fit for anybody who is out there socially, well-connected, and trustworthy. A person with professional contacts, especially entrepreneurial or within a specific niche, like the expat community or active in a group of empty nesters, and someone who is familiar to the real estate process through personal experience all make good property scouts. Scouting does not require a licenses in order to be paid. Property Scouting can be an easy way into real estate that allows a person to build a network and generate an income while relying on their strengths without getting weighed down by the details of each transaction.

Property scouting be something you are already doing for free. For many people, it is! It's important to recognize the opportunity, especially if it is already something you're involved in. Why should Zillow or Suburban Jungle get all the dollars for referring business when people are doing it within their personal and professional lives everyday? Plus, scouting is a wonderful soft introduction into the business of real estate that can become a career in itself, or can be a stepping stone toward a career as an agent. Scouting allows the opportunity for the closest thing to a real estate apprenticeship. And this one is paid!

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So, property scout or property consultant? Both are really good positions. But to step into a real estate career, it can be flex time, but has to be full time. If you want to be part time, property scouting is a very good option. JC REInvestment Group is always open to adding more property scouts or property consultants to our roster. If you or someone you know is interested, please reach out!

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