One of my evaluation customers who sends me work indicated that when I get to 60 total BPOs I will begin to receive BPOs directly to my email, exclusively, with a time limit to respond before it goes to the "free-for-all". I'm on my 13th one now and at this rate I should get to my 60th one maybe by the summer of 2010. Here's my evaluation of BPO's so far:
1. Some were so easy I had completed them within one afternoon in about 3 hrs.
2. Others, and most of them, require a moderate amount of work to get completed before the deadline, 1 to two days.
3. Then there are the rejects which all were late completing and took several days beyond the due date.
The Good: payment by the evaluating company has been excellent, the pay fair but alittle extra pays for realty fees; learning new neighborhoods and subdivisions; generates a few leads to followup to a listing or sale. My ranking is all above 91% to 100%, so far a clean record.
The Bad: time consuming when the valuation is tough to complete or is rejected to needing more comps or explainations.
At least for me, it's nice to have the extra coin, and I talk with a lot of prospective people about BPOs values and I find and seek out a lot of FSBOs.
In NC, at least, BPOs seem to be a low paying, time waster with no hope of listing the object of the BPO. I'd rather spend my extra hours blogging! Glad it's working for you in Texas!