Introduction/P&P question - REO Property Preservation Forum
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post #1 of 27 (permalink) Old 06-01-2016, 05:34 PM Thread Starter
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Introduction/P&P question

Hey to everyone on here! I'm obviously new to the site but have read tons and tons of threads and have gotten some really good info! I am based out of Richmond, Va. I've been in the business for about a year now and have seen just about everything unfortunately. I did however have a quick question. I've only always done REO work, but recently was asked to merge into P&P work. I'm not all too familiar with P&P work and was wondering if someone could give me some insight if it's worth getting into? From what I've learned in the short year that I've been doing this is that "debris removal/trash outs" is where the money is at. Inspections/recurring services are trash and aren't worth it to me. Now that this P&P has been brought to me I'd like to know if it's profitable. BTW the company that asked me to merge is Safeguard lol Yes I've read tons of bad but have also seen some good feedback and have personally spoken with vendors who say they love them. The only other company I have been with is Assero. They're decent but they don't have enough work to keep you busy. They might have work for a solid month then the next month they'll tell you their pipeline is dry? Anyways sorry for the long post but any advice/input would be appreciated. I did the great thread on How I got out of P&P and that's what has me wondering if it's even worth it. Thanks again!
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post #2 of 27 (permalink) Old 06-01-2016, 06:58 PM
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Use your own judgement about safeguard but dont cry wolf when they get you for everything.unfortunately they do have the volume of work how though is beyond me
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post #3 of 27 (permalink) Old 06-01-2016, 07:26 PM Thread Starter
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Yea I know. Thanks for the reply though. I personally worked with them briefly last year but it was just for grass cuts. They paid better than Assero for recurring and the more I did the more they gave me so I can't complain..yet lol I stopped working with them because I picked up with Assero for initials and obviously the pay was a ton better. Have you experienced the difference between REO & P&P work though? As far as money goes anyway? I've seen a lot of people say they've left for X reason or the other but I haven't ran across anything on what it pays compared to REO. I know there's a ton of crap to this business as I've experienced my share but I've made it this far and just want a little insight on the merge to P&P. Thanks again!
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post #4 of 27 (permalink) Old 06-01-2016, 07:40 PM
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Its whatever works best for you i hear some people say they make better on the pp side and some the opposite,guess it depends on who you do work for and area your in,do i see a bright future right now for this industry i can honestly say no,i think a lot will go under this year,too many companies are feeding off each other then theres no money for the person really doing the work botg
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post #5 of 27 (permalink) Old 06-02-2016, 05:53 AM
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BTW the company that asked me to merge is Safeguard lol Yes I've read tons of bad but have also seen some good feedback and have personally spoken with vendors who say they love them.

What would you think of a guy who is in the paper on a regular basis for public drunkedness, disorderly conduct and habitually beats his wife but is respected at work?
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post #6 of 27 (permalink) Old 06-02-2016, 08:47 AM
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SG is horrible when it comes to P&P. They will find very reason not to pay you for your work. I would not do it. However, the decision is yours ultimately. There is not much money to be made in P&P compared to REO in my opinion. I personally would not cross over from REO to P&P for SG. They have a bad rep for a reason. Go look on ripoff report of other forums etc. You will see more bad than good remarks. I understand the need to keep busy and make money, but why chance it?

Again, just my opinion. I would think very long and hard about it before you sell your soul to the devil for a few bucks.

Good luck
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post #7 of 27 (permalink) Old 06-02-2016, 10:35 PM
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Hey to everyone on here! I'm obviously new to the site but have read tons and tons of threads and have gotten some really good info! I am based out of Richmond, Va. I've been in the business for about a year now and have seen just about everything unfortunately. I did however have a quick question. I've only always done REO work, but recently was asked to merge into P&P work. I'm not all too familiar with P&P work and was wondering if someone could give me some insight if it's worth getting into? From what I've learned in the short year that I've been doing this is that "debris removal/trash outs" is where the money is at. Inspections/recurring services are trash and aren't worth it to me. Now that this P&P has been brought to me I'd like to know if it's profitable. BTW the company that asked me to merge is Safeguard lol Yes I've read tons of bad but have also seen some good feedback and have personally spoken with vendors who say they love them. The only other company I have been with is Assero. They're decent but they don't have enough work to keep you busy. They might have work for a solid month then the next month they'll tell you their pipeline is dry? Anyways sorry for the long post but any advice/input would be appreciated. I did the great thread on How I got out of P&P and that's what has me wondering if it's even worth it. Thanks again!
Assero a Decent company
Did you really pass your drug screening.
How can you work for those prices.
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post #8 of 27 (permalink) Old 06-02-2016, 11:11 PM Thread Starter
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They're the only company I've done any trash outs for and they pay $430 for anything under 30 CY anything over they'll pay at $20 per CY. The majority of the houses I've done have literally had no more than 10 CY. Don't have experience making more money so hey, can't say much. Although I will say they're starting to lose it here in VA. Now they're claiming more porperties are CFK and are only paying $125 for trash outs! Then they accidentally sent me someone else's price sheet and they're low balling all new vendors. Again I'm not sure if I've been getting raped this whole time but I haven't expanded with other companies to see better pay.
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post #9 of 27 (permalink) Old 06-02-2016, 11:14 PM
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They're the only company I've done any trash outs for and they pay $430 for anything under 30 CY anything over they'll pay at $20 per CY. The majority of the houses I've done have literally had no more than 10 CY. Don't have experience making more money so hey, can't say much. Although I will say they're starting to lose it here in VA. Now they're claiming more porperties are CFK and are only paying $125 for trash outs! Then they accidentally sent me someone else's price sheet and they're low balling all new vendors. Again I'm not sure if I've been getting raped this whole time but I haven't expanded with other companies to see better pay.
$430 is low balling so, yes, I'm sorry, you've been getting raped.
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post #10 of 27 (permalink) Old 06-02-2016, 11:55 PM Thread Starter
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Haha yea I figured I was getting done up after seeing what some people were saying what they supposedly got paid for trash outs. I'm dumping them as soon as I get something else going. I've applied to some nationals just waiting to hear back. I'm glad I've found this site though. Definitely helped! I've seen that the smartest thing to do is start small, learn the business, weed out the crappy companies, go from regional to national and eventually go private. I'm just tired of the run arounds with all the QC bull getting called back to a house for a freaking bulb, or when the QC person doesn't get out to the property for a good 2 weeks and fails you because the grass has grown or there's now a giant spider web on the front door smh. It's all just getting redundant honestly.
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