Who are the best companies to deal with and why? - REO Property Preservation Forum
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post #1 of 13 (permalink) Old 12-14-2012, 11:53 AM Thread Starter
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Who are the best companies to deal with and why?

We have been doing preservation in Central Indiana for about a year, mainly HUD work with A2Z and grass cuts with 5 Bros. With PK Management set to take over HUD here as of Jan. 1, we're trying to look at all our options and decide if maybe we should replace some of the HUD business with something else, or do more REO with another company. We are a small company with one main crew of 2. We can't do a huge volume, but we would like to maximize revenue and decrease headaches like constantly going back to do QC jobs for no pay. We take pride in our work and do an honest job, but they will QC you for no good reason. What would you all recommend for a couple of hard-working guys that do quality work, and don't want to go out and hire other subs? We do have a good HVAC sub, and can do remodeling in addition to preservation.
Thanks in advance.
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post #2 of 13 (permalink) Old 12-14-2012, 04:09 PM
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FAS if you want to worry if you are going to get paid
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post #3 of 13 (permalink) Old 12-14-2012, 10:30 PM
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yeah SafeGuard is a starting point...those guys will really put some hair on your chest..hell if you can do their work the rest of the company's will be breeze.
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post #4 of 13 (permalink) Old 12-14-2012, 11:24 PM
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Originally Posted by FPS View Post
We have been doing preservation in Central Indiana for about a year, mainly HUD work with A2Z and grass cuts with 5 Bros. With PK Management set to take over HUD here as of Jan. 1, we're trying to look at all our options and decide if maybe we should replace some of the HUD business with something else, or do more REO with another company. We are a small company with one main crew of 2. We can't do a huge volume, but we would like to maximize revenue and decrease headaches like constantly going back to do QC jobs for no pay. We take pride in our work and do an honest job, but they will QC you for no good reason. What would you all recommend for a couple of hard-working guys that do quality work, and don't want to go out and hire other subs? We do have a good HVAC sub, and can do remodeling in addition to preservation.
Thanks in advance.
So A2Z is losing there HUD contract! I tryed doing work for them but so gave up. standard pay , but they keep adding work and start reducing the pay.

Still work for 5 Brothers one of the companies I can still make good money with. But I am starting to see a pattern with them. HUD reduce price or price estimators crap.
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post #5 of 13 (permalink) Old 12-15-2012, 05:22 AM
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"Maximize profits and reduce headaches" are two things that really are not possible when doing preservation work for assett management companies. The QC problem and chargebacks can almost be like the wheel of misfortune; doesn't matter your quality of work, you are going to get bit. Why do you think we see so much hack work on these properties? Because it doesn't really matter. A small crew like you guys that will work hard should have a business plan to advertise locally, dig you heels in and prepare for something a little more long term and stable.
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post #6 of 13 (permalink) Old 12-15-2012, 09:32 AM
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Originally Posted by STARBABY View Post
So A2Z is losing there HUD contract! I tryed doing work for them but so gave up. standard pay , but they keep adding work and start reducing the pay.

Still work for 5 Brothers one of the companies I can still make good money with. But I am starting to see a pattern with them. HUD reduce price or price estimators crap.

I am adamantly against cost estimators. They violate the sub contractor relationship. If we are forced to do things for a certain price we are not subs.

I can charge whatever I want to do a job it is their choice to meet my price or go with Cragslist.
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post #7 of 13 (permalink) Old 12-15-2012, 10:34 AM
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I am adamantly against cost estimators. They violate the sub contractor relationship. If we are forced to do things for a certain price we are not subs.

I can charge whatever I want to do a job it is their choice to meet my price or go with Cragslist.
I total agree the brothers started this awill back and I hate it. I get alot of reasignes work orders because of this. have one that was bid (cost estimator ajusted)like $225 . I checked on ordering the door (not a normal size) almost $400 for door! it`s like they pull the numbers out of there ass!
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post #8 of 13 (permalink) Old 12-15-2012, 10:47 AM
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I total agree the brothers started this awill back and I hate it. I get alot of reasignes work orders because of this. have one that was bid (cost estimator ajusted)like $225 . I checked on ordering the door (not a normal size) almost $400 for door! it`s like they pull the numbers out of there ass!
I agree to a certain extent. More than not, those cost estimators have helped me earn more money.

I know in preservation it's not a given that you will get the entire bid so its not like you can eat a loss on one part and make it up elsewhere. I usually send them a link to where I'm buying something for the job and show them my price. That works. 100% of the time if they're working off of my bid.
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post #9 of 13 (permalink) Old 12-16-2012, 09:08 AM
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I agree to a certain extent. More than not, those cost estimators have helped me earn more money.

I know in preservation it's not a given that you will get the entire bid so its not like you can eat a loss on one part and make it up elsewhere. I usually send them a link to where I'm buying something for the job and show them my price. That works. 100% of the time if they're working off of my bid.

I agree...When I negotiate numbers...what you pay is part of your logistics and cost. sharing that info can be your friend....

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post #10 of 13 (permalink) Old 12-16-2012, 09:33 AM
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Cost Estimators are in every facet of construction. It affects P&P, insurance co repair work and down to the GC of record on all projects. The difference with P&P is the cost schedules/allowables has removed most, if not all, of the P&O.
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