Strictly Inspections now PRES work? Question - REO Property Preservation Forum
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post #1 of 8 (permalink) Old 04-27-2017, 09:58 PM Thread Starter
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Strictly Inspections now PRES work? Question

Whatsup everyone? Ive lurked behind the scenes here for awhile as im sure many do. I currently am doing roughly 300 inspections a month some sign placements etc. My question is i signed up with Guardian and they want me for preservation which i dont mind because i worked for a company awhile back, lot of tarps winterizations bs mold repair and removal snow etc. However when i did that I was working for someone but now I am by myself so i do not know the behind the scenes part of preservation only inspections,. Anywho guardian the other day sends me a email they need me to meet an adjuster at the property, i contacted him and we set up a date, Lady told me that i meet him there remove tarps from entire roof let him do his inspection blah blah then I am to retarp the roof, either use their tarps if they are in ok condition which they wont be or re tarp with mine and BATF she said i will recieve 30 dollars for the first hour and 20 for every hour after. Obviously its a steep roof and removal and putting it back i would guess be 5-6 hours its 2 story very steep but i can do it. so say I will get 100 bucks roughly for the "hours" then my price of my tarps im thinking that roof is going to need maybe 5 20x20"s. say i did 1.00 square foot that is 2,000 dollars plus the "hours" surely i will not make that kind of cash i just do not see it happening, What are some tips guys? I appreciate all your info! regardless if you say im dumb i guess you have to start somewhere. I just figured with my inspections why not fit in preservation if i am in the area! Thanks!
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post #2 of 8 (permalink) Old 04-28-2017, 05:51 AM
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Let's say you have a homeowner that needs new kitchen cabinets, new counter, sink, an island and ceramic tile for the floor. They call you and you make the appointment to have a look and write up a bid.
When you get there, the homeowner tells you he doesn't want a bid; he just wants you to start and do the work. Once you get done, write up an invoice and he'll pay you. As a show of good faith, he's willing to pay you $10 per hour during the process and he'll include that in your final bill. What if the job totals 10K? 20k? You notice that he seems to have had plenty of renovation done recently, so he must be legitimate.
In the private sector there is something calling T&M (time and materials), however there is also something called a written and signed contract. You won't have that with a national; not one that protects you anyway.

I've done BATF countless times. The system seems to work for some contractors. We no longer do it.
You stated that "Obviously its a steep roof...". I would just caution you that nationals do not view anything...anything thru the same lense as a contractor. That includes payment.
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post #3 of 8 (permalink) Old 04-28-2017, 08:37 AM
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Here is what Insurance Work would pay for the job you described---This apparently is an insurance job since you are meeting an adjuster:
5 tarps 20x20 $2164.56
Lathe board to secure 80lf per tarp x 5 tarps=400lf $1580.36
Additional per square 2 story roof $1983.00
Additional charge steep roof $ 541.92
Now NOTE: this is for the additional charge for replacement of shingles at the additional height/steep and you may want to not charge the entire amount for only tarping.....
Anyway that total for usual and customary in my locale would be $6,269.84.
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post #4 of 8 (permalink) Old 04-28-2017, 10:30 AM
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Quote:
Originally Posted by bkpres4 View Post
Whatsup everyone?
say i did 1.00 square foot that is 2,000 dollars plus the "hours" surely i will not make that kind of cash i just do not see it happening, What are some tips guys?
A couple of tips

Maybe see if your local community college offers some basic business classes?
Guardian will be getting more "cash" than you just for sending you an email

I encourage diversifying your business, but I would put effort in getting work that does not come from a national. You seem to be a hard worker, if you are willing to spend 6 hours on a steep, 2 story roof for $100, you will be pleasantly surprised what you can earn when you get better customers

Stay away from fools, for you won't find knowledge on their lips.
-God
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post #5 of 8 (permalink) Old 04-29-2017, 07:09 PM Thread Starter
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Thanks for the replies guys I appreciate it, i drove to the property because i was in the area to check it out it now has one tarp on it and part of the roof is new so i will just sit there take pics of adjuster then reinstall the one tarp and see if they give any issue paying up. So atleast if there are issues i am only out a few hours time and one tarp. What cost estimator do you guys use?
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post #6 of 8 (permalink) Old 04-29-2017, 07:50 PM
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This one seems to work best.

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post #7 of 8 (permalink) Old 04-29-2017, 09:13 PM
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Nice way to get the liability of a future roof leak since you would be the last contractor to touch the roof.

Here's how I see this playing out:

You meet adjuster , who probably works for QB3 forced placed insurance company as an independent, you remove tarp while adjuster takes pics of damages, you re-install the old tarp, adjuster informs mortgage company that any additional damages to home from a tarp job well not be a covered loss, mortgage company reviews claim settlement for 3/4 weeks then sends to a P&P Company for bids on roof damage repair, P&P Service Company issues a RUSH ORDER for roof repairs to BATF, contractor goes to property and determine they can't complete repairs for $100, contractor bids job 4x, house suffers additional damage from the tarp that ends up leaking due to delays, Mortgage Service Company charges all the damages to the contractor who did the tarping...

I see little "upside" for that tarping job IMO
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post #8 of 8 (permalink) Old 04-29-2017, 09:53 PM
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$2000 is not unusual for a roof tarp.

I would prefer to install a top quality synthetic underlayment like NovaSeal in accordance with manufacturers nailing schedule and specifications. (some companies won't allow it,their loss)I can give a 90 day warranty on this job with some limitations.

I drove by this house a year later after it was sold, the temporary roof looked like the day it was put on.
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