Need some advice - REO Property Preservation Forum
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post #1 of 15 (permalink) Old 01-31-2020, 08:52 AM Thread Starter
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Need some advice

I have a company that I am doing work for they keep wanting me to go to properties for bids. Once there they want pictures of the entire property. I said that is an inspection you need to pay me for inspections. They claim that everyone does bids for free. I have been turning down these bid jobs because I believe they are using it as way to get free inspections.

Let me know your thoughts. I did one and gave them a bid with only pictures for what they needed for the bid. They did not like that way of biding.
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post #2 of 15 (permalink) Old 02-03-2020, 09:18 AM
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Companies are liable for all visible damages and issues not reported, meaning if you only report on the specific bid request you are more than likely missing other repair needs. Most of the time whomever owns that property is looking to get it fixed to sell (Bank, REO, or privately owner). So you would be missing out on potential money by not reporting the other issues with the property as well as creating a liability issue for your client. Whether it is right or wrong is a different discussion, but if you have a mindset like that you would need to find a new gig.
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post #3 of 15 (permalink) Old 02-04-2020, 05:29 PM
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These companies are really bad about that. We are working for a company that sends us bids after bids after bids. It is ridiculous.
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post #4 of 15 (permalink) Old 02-04-2020, 07:21 PM
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It seems redundant, but every bid item you do is a chance to earn money.
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post #5 of 15 (permalink) Old 02-04-2020, 09:59 PM
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Quote:
Originally Posted by arandol17 View Post
It seems redundant, but every bid item you do is a chance to earn money.
...and every time you drive the property for free it's a guaranteed loss of time and money.
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post #6 of 15 (permalink) Old 02-04-2020, 10:45 PM
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To each their own. I like money, even if it does mean doing some free bids
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post #7 of 15 (permalink) Old 02-04-2020, 10:54 PM
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I think the problem comes when a company requires full inspection photos for free with all those bids. Nope, not going to happen! I'll send relevant bid photos only, pay me my price for an inspection if you want more.

Iíve already told you more than I know.
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post #8 of 15 (permalink) Old 02-04-2020, 11:05 PM
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How much does the inspection cost for you?
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post #9 of 15 (permalink) Old 02-04-2020, 11:18 PM Thread Starter
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That is exactly my point. They sent me for a roofing bid and then wanted a full set of interior photos and a full set of exterior photos. I only took photos of what they wanted for the bid. I said the exact same thing if you want a full round of photos that is called inspection. I just wanted to know if what I did was correct. Why would you let companies get a free inspection from you? I am not going to allow someone to lure me with well maybe you will get the bid so they can use me.
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post #10 of 15 (permalink) Old 02-04-2020, 11:40 PM
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I have clients that even on grass cuts they require full interior pictures. This just ensures no escalating issues exist.
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