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Msi?

10K views 21 replies 14 participants last post by  GTX63 
#1 ·
Anyone ever dealt with MSI? I tried searching and couldn't come up with anything. Any input would be great. Thanks
 
#2 ·
I worked for them briefly.


They wanted me to do an occupancy inspection.


I told them I was unable to make a determination. Took the photos and reported conditions.
Some prick at their office changed my undetermined to vacant and I got a secure w/o.
I go to do that and there is some one there claiming residency.

They back charged me the inspection fee AND didn't pay for the trip charge to go secure the property.
I got double banged.

I told them to have a nice life............... with out me.
 
#20 ·
I worked for them briefly.


They wanted me to do an occupancy inspection.


I told them I was unable to make a determination. Took the photos and reported conditions.
Some prick at their office changed my undetermined to vacant and I got a secure w/o.
I go to do that and there is some one there claiming residency.

They back charged me the inspection fee AND didn't pay for the trip charge to go secure the property.
I got double banged.

I told them to have a nice life............... with out me.
We are ina BAD place. I did a inspection on a property that had been cleaned out. NO key in the lock box and I go to open the garage poeople door it is locked NOT a standard key code. I try hte ft door it unlocks but my key wont come out finally get the key out and try a different one in the deadbolt it works. try another one in the dead bolt it works too and the knob set. every key I had worked. I report an unsecure condition and the realtor comes UNGLUEd. I call the inspection assigning company and tey say well if the door was not open upon it is ok ??? WTH?? I am NOT going to report it as such it is MY neck in the noose if a transient opens it and lights it on fire !!
WEIRD
 
#3 ·
We do work for them. It's mostly insurance repair stuff to properties we have with other nationals. It's weird we will be bidding a roof we have bid for LPS a 100 times then BOOM! MSI wants a price then IF the work gets done (1 out of every 50 bids) you can expect to grow old waiting on payment. They pay good but they pay slow.

I don't mind because we are used to it. I like their work it's usually a good size ticket.
 
#8 ·
We do work for them. It's mostly insurance repair stuff to properties we have with other nationals. It's weird we will be bidding a roof we have bid for LPS a 100 times then BOOM! MSI wants a price then IF the work gets done (1 out of every 50 bids) you can expect to grow old waiting on payment. They pay good but they pay slow.

I don't mind because we are used to it. I like their work it's usually a good size ticket.
Doberman,

I just recieved a 350 + line item bid request from them. Looks like its straight out of Exactimate. Have you ever put it back into Exactimate and sent it to them? I know the insurance company is using Exactimate but I'm thinking MSI's cut comes from that and they are expecting us to work for less than those rates. Your thoughts? If you want, just PM me.

I could spend 10 hours bidding this thing all for nothing. I've got better things to do with my time this weekend if its a waste or time...
 
#13 ·
Most of the service companies I dealt with the approval rate was at least that low if not lower.
 
#15 ·
I have never paid for a bid and never will. I would 75% of restoration compaines don't charge for bids in my area.

That weird you guys don't get many approvals for bank owned I run about 90% approval on them. Reo I'm close to 98%.

You using a bid software?

Every bid that I send it with software backing it up I get approved, doesn't take long maybe 45mins to do a complete rehab bid, roofs bids I can do in under 5 mins
 
#17 ·
I have never paid for a bid and never will. I would 75% of restoration compaines don't charge for bids in my area.

That weird you guys don't get many approvals for bank owned I run about 90% approval on them. Reo I'm close to 98%.

You using a bid software?

Every bid that I send it with software backing it up I get approved, doesn't take long maybe 45mins to do a complete rehab bid, roofs bids I can do in under 5 mins
Most restoration companies around here won't bid for free if they know its bank owned. Way too low of an approval rate. It seems like the only bids that I get approved are the ones that are backed up with a city violation. Otherwise the places just sit.

As for software it depends, on rehabs, yes. Roofs no, I have a spreadsheet perfected that I can run a roof quote in 5 minutes.

I talked with a preservation contractor in Minnesota that works for the same National I do. He says his bids get approved all the time. The only thing I can figure is it has something to do with local laws, fines, violations or something. I have a buddy in the biz locally that believes its because the brokers around here are lazy and just sell them as is. It is amazing to see the amount of tarped roofs and boarded windows that never get fixed. Likewise, its amazing to see hacks and FNG's just throw a 3rd or 4th layer on a roof that I bid to tear off to comply with state building codes. As a licensed contractor, when I bid items, I bid per code. I don't slap up a 2x4 for a guardrail and I won't ever put more than 2 layers on a roof. Tough to compete when the cubicle jockeys at a national or regional don't know or care about building codes.
 
#22 ·
You seemed mostly concerned from a liability standpoint, so I'll speak to that. Once there were no keys discovered in the lockbox and the locksets were mismatched, you need to notify the client that you cannot access the interior of the house. Reporting that you went as far as you did only sticks you neck out for someone to lop off. I know it sounds ridiculous but it isn't a nice guy biz. If you got in but the next guy can't and there is no key, then your counting too much on the intellegence and honesty of the National.
 
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