I'm tired of it How about you - REO Property Preservation Forum
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post #1 of 28 (permalink) Old 03-16-2016, 10:21 PM Thread Starter
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I'm tired of it How about you

I am not a newbie to this forum . I have had to get a new username to protect myself
I don't post much on the forum . Have been in the business for 10 years and have seen the decline every year. Between Workmans Comp , Data plans out the roof, Hundreds pictures of every minute detail , Charge backs , cut bids the list goes on and on It's all more and more work for less and less money
All I know is if every legitimate Preservation contractor said enough is enough I've had it . WE WILL NOT DO IT ANYMORE FOR THAT AMOUNT OF MONEY and the Nationals all of a sudden had 7 or 8 thousand late orders on there books per day . I believe they would re- examine there business models in a REAL BIG hurry.
It is really getting ridicules out there. Why can't the heart of this industry ,, the Contractors stick together . The hacks will come and Go. with all the insurance crap you need these days as well as records checks I can't believe the nationals can get that many hacks on board in the time it takes them to go broke
It can be done but it will take everyone . I think if we want to stay in this business and remain profitable it's time
What do you think ???
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post #2 of 28 (permalink) Old 03-17-2016, 05:29 AM
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The problem is the revolving door of order mills and hacks to complete those orders for bare minimum seem to be endless. The voids are being filled faster than ever with even lower pricing. The order mills and "super" sub-contractors can find loop holes or false identities to avoid backgrounds and insurance on their subs driving the cost for them to do business even lower. They hire illegals and put them in under someone else's Aspen ID and there you go the cost of work just got cut in half never mind the moral aspect of doing the job properly and legally. Until this is fixed the industry as a whole will continue to see pricing driven lower and lower.
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post #3 of 28 (permalink) Old 03-17-2016, 07:12 AM
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Hi

preservation i agree with your opinion but will never happen. your always going to have someone willing to work cheaper because they found this forum,heard of all the great companies, want to start their own business,and can do better then people thats been in it for years.
I myself would like to see somethin happen,but every year like you said just seems to get worse and harder to make anything.
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post #4 of 28 (permalink) Old 03-17-2016, 08:07 AM
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The perfect contractor candidates are broke, living paycheck to paycheck and have a good line of credit. How many million are out there?
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post #5 of 28 (permalink) Old 03-17-2016, 08:21 AM
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The nationals have made it clear that they LOVE those regionals because of their huge footprint.
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post #6 of 28 (permalink) Old 03-17-2016, 03:53 PM
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Quote:
Originally Posted by preservationunion View Post
I am not a newbie to this forum . I have had to get a new username to protect myself
I don't post much on the forum . Have been in the business for 10 years and have seen the decline every year. Between Workmans Comp , Data plans out the roof, Hundreds pictures of every minute detail , Charge backs , cut bids the list goes on and on It's all more and more work for less and less money
All I know is if every legitimate Preservation contractor said enough is enough I've had it . WE WILL NOT DO IT ANYMORE FOR THAT AMOUNT OF MONEY and the Nationals all of a sudden had 7 or 8 thousand late orders on there books per day . I believe they would re- examine there business models in a REAL BIG hurry.
It is really getting ridicules out there. Why can't the heart of this industry ,, the Contractors stick together . The hacks will come and Go. with all the insurance crap you need these days as well as records checks I can't believe the nationals can get that many hacks on board in the time it takes them to go broke
It can be done but it will take everyone . I think if we want to stay in this business and remain profitable it's time
What do you think ???
you lasted year longer than we did.
We only have one national left that has few and far in between rahabs, but it's ok, we are busy, very busy. Question you asked was asked many times before. Nothing will change. P&P industry goes against any logic as there are bottom feeders that will continue fuel this crap.
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post #7 of 28 (permalink) Old 03-17-2016, 09:36 PM
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I don't think a union will work, or happen.

What I do think possible is to create a company made up of quality contractors who can provide the type of service the banks are looking for.

I am working with a client now that wants me to build a network of contractors to service their property. We are working on the pricing matrix in an effort to get the money right for the boots on the ground. I'm not interested in becoming a regional again but I am considering this offer. If I can get the pricing right I feel like this could be something.
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post #8 of 28 (permalink) Old 03-17-2016, 09:41 PM
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Quote:
Originally Posted by Craigslist Hack View Post
I don't think a union will work, or happen.

What I do think possible is to create a company made up of quality contractors who can provide the type of service the banks are looking for.

I am working with a client now that wants me to build a network of contractors to service their property. We are working on the pricing matrix in an effort to get the money right for the boots on the ground. I'm not interested in becoming a regional again but I am considering this offer. If I can get the pricing right I feel like this could be something.
Put me down for eastern Pa
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post #9 of 28 (permalink) Old 03-17-2016, 10:55 PM
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Originally Posted by preservationunion View Post
What do you think ???
I think that there are WAY too many suckers behind us that even if you were able to convince 1/10th of the P&P crowd to join you, there would be way to many people thinking they can do it better, faster, cheaper, than any way we have now, and the whole thing would bow up in our faces. It's just not going to work.

Besides, this sounds like a union ploy, and unions now are on the outs. They charge for their membership, and do not offer as much help as they did in the past. CH has a great idea, and I hope his theory pans out.

That's what I think.
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post #10 of 28 (permalink) Old 03-18-2016, 04:38 AM
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Quote:
Originally Posted by Craigslist Hack View Post
I don't think a union will work, or happen.

What I do think possible is to create a company made up of quality contractors who can provide the type of service the banks are looking for.

I am working with a client now that wants me to build a network of contractors to service their property. We are working on the pricing matrix in an effort to get the money right for the boots on the ground. I'm not interested in becoming a regional again but I am considering this offer. If I can get the pricing right I feel like this could be something.
Sign me up for central NJ
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