I am doing one right now and if they ask for this much info it will surely be my last.

Greenlink wants an ungodly amount of information,it's like i am doing a full appraisal for 50 bucks not cool.Are all commercial property bpo's ask for all this info or is it just because of greenlink?

Do you guys aviod commercial bpo's all together,too much data and time for the money?

Thanks

I have done them but I have always been paid about 175.00 per order. I have been contacted to do these from being on REO network which has been very profitable for me. I can also make more by taking comp photos...I love them. With the co's I do them for they only need a small amount of info..their big thing in good photos.

Angie

I do them for one company, and usually get $100 for them. Their form is fairly similar to the regular BPO format, but they ask some different questions because of it being commercial.

I'm sure what they ask for & the forms they use all depend on the company that ordered it and what it is going to be used for.

I don't mind doing them though. We don't have a lot of commercial info in our MLS systems, but there is usally enough to get it done.

I "zapped" one by mistake(you have to be fast!). When I opend the form is was the same as a residential. I called the company, and explained that I had never done a commercial, and they were very understanding, and helped me through the process. We don't have much commercial on our MLS, but I lucked-up and found what I needed on Loopnet.com. The fee was 100.00.

I don't bother. I know there was one company that I accidently clicked on yes for commercial, but they've never sent me any work, anyway. I have some experience selling commercial properties, so understand the very basics of figuring ROI, but I don't feel qualified at this point to give a realistic commercial valuation.

All the commercial, and mix usage ones I've done, I always, because sometimes whoever places the order doesn't know it's commercial, let them know at what price I'll complete it at. Never had a problem with getting the fee I want.

Most of them haven't been crazy bad as far as info wanted, or area, or finding comps. But one I can remember that was a real pain, was a former strip joint, owner sorta went off on me, had to stand in the street to get pics, got offered every drug in the book by a couple of guys, yeah. Like that.

I refuse to do commercial. I am not in commercial real estate, I don't feel I'm qualified to offer value on them.

I've gotten a few from FARVV that were multi-unit apartments at an assisted living facility. They sent me previoius value forms to pull comps from, and they were using comparables from "similar complexes throughout this portion of the state". Like I have time to evaluate their comps from Orlando- 2 hours away. For $40? Sombody over there was smoking something. I got about a dozen of them- in the same complex. A few came through more than once. No way. I put the same thing "Please reassign- I do not do commercial valuation, this is a multi-unit building in an assisted living facility". A couple times they asked me to clarify. WTH?

I ended up doing that one and haven't messed with them since,they are a headache and the pay was the same for this company so i don't accept them anymore.

That's exactly why I don't do them. I always turn them down, as I don't feel they're something I can do a good job on. I don't even list commmercial property.

No commercial BPOs for me. Outside the scope of my expertise. It would take me forever to do the research, find comps, and complete the thing.....and after all that it STILL wouldn't be all that good.

I'll stick to what I know. It's faster, easier, less of the PITA factor.

I had someone from a bank call me just to get a few pictures of a retail store - front, back, sides, street - I got $100 just to send in a few pics. That's the closest I've ever gone to doing commercial work - I've never dealt with commercial, so I don't think my BPO would be accurate. Another agent in my office got a BPO on an entire resort - hotel, cabins, restaurant. It took him a day just to get the pics, and I have no idea where he found comps or how long it took him to do the actual BPO - I think he only got $200.