Flat Rate From Hell!!!! - REO Property Preservation Forum
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post #1 of 11 (permalink) Old 12-20-2012, 03:59 PM Thread Starter
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Flat Rate From Hell!!!!

Just got a RFI from a company asking for a flat rate estimate for ALL services, initial & REO, cradle to grave!

Just when you think you've heard it all in this business. . .

Iíve already told you more than I know.
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post #2 of 11 (permalink) Old 12-20-2012, 04:36 PM
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Originally Posted by PropPresPro View Post
Just got a RFI from a company asking for a flat rate estimate for ALL services, initial & REO, cradle to grave!

Just when you think you've heard it all in this business. . .
Figure in 4 years of servicing. That's where we are headed.
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post #3 of 11 (permalink) Old 12-20-2012, 05:10 PM Thread Starter
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Figure in 4 years of servicing. That's where we are headed.
But the man told me to figure 30-90 DOM?

Iíve already told you more than I know.
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post #4 of 11 (permalink) Old 12-20-2012, 06:54 PM
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But the man told me to figure 30-90 DOM?
Lol. Put in a disclaimer.
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post #5 of 11 (permalink) Old 12-21-2012, 05:53 AM
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Interesting...
all rehab and everything???

Aladay LLC
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Custom Glass&Wood
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post #6 of 11 (permalink) Old 12-21-2012, 09:56 AM
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I did an eviction at a property maybe 60 days ago? Went by yesterday and saw a for sale sign in the yard. Something is going on and they are turning them quick!
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post #7 of 11 (permalink) Old 12-21-2012, 10:16 AM
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Look at things with a healthy dise of skeptacism . Short sales and DIL's are cutting into what our work load should be. I have been seeing an increase in inspections tho' and 95% are still occoupied. Fiscal cliff ?? I think could be part of it. Perhaps the banks are looking at losing their federal funding and are getting worried.
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post #8 of 11 (permalink) Old 12-21-2012, 11:19 AM
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Originally Posted by PropPresPro View Post
Just got a RFI from a company asking for a flat rate estimate for ALL services, initial & REO, cradle to grave!

Just when you think you've heard it all in this business. . .



Make sure you have a very robust disclaimer.

Professionals are people who can do their job when they don't feel like it.
Amateurs are people that can't do their job even when they do feel like it.
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post #9 of 11 (permalink) Old 12-21-2012, 12:35 PM
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Just got a RFI from a company asking for a flat rate estimate for ALL services, initial & REO, cradle to grave!

Just when you think you've heard it all in this business. . .

send over the HUD letter

http://portal.hud.gov/hudportal/docu...=DOC_14634.pdf
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post #10 of 11 (permalink) Old 12-21-2012, 10:08 PM Thread Starter
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Interesting...
all rehab and everything???
Not rehab.

Scope includes from facilitating eviction services, to traditional initial services, leaking roof patch/repair, railings & all safety hazards, debris (up to 40 CY), health hazards (garbage, perishables - not mold, etc.), biweekly maid service & lawn maintenance or snow/ice removal & inspections, until the property closes.

That's all.

I'm wondering how they intend to pay this flat rate. All up front (yeah right), 50% Now & 50% at closing? 100% At closing?

Maybe I should have them estimate the # of homes they intend to assign to me for the next fiscal year and have them deposit the total flat rate for all of them into my account as soon as I sign up.

Iíve already told you more than I know.
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