Best companies to work for? - REO Property Preservation Forum
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post #1 of 15 (permalink) Old 01-01-2013, 04:19 PM Thread Starter
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Best companies to work for?

I'm relatively new to the property preservation business (1 year in) and just found this forum. I have been scraping by and would like to find more sources of work because I have part-time employees waiting in the wings to take on more jobs.

What are the best and worst nationals to work for? Can local REO agents provide much work, or is most of it funneled through the larger companies? Any help would be much appreciated by this newbie looking to stay afloat.
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post #2 of 15 (permalink) Old 01-01-2013, 04:42 PM
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post #3 of 15 (permalink) Old 01-01-2013, 04:43 PM
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There are very very few of the best companies around. If any.


Your best bet is to diversify so that all of your income eggs are not in the same basket.

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 #4 of 15 (permalink) Old 01-01-2013, 08:15 PM
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Quote:
Originally Posted by Pres View Post
I'm relatively new to the property preservation business (1 year in) and just found this forum. I have been scraping by and would like to find more sources of work because I have part-time employees waiting in the wings to take on more jobs.

What are the best and worst nationals to work for? Can local REO agents provide much work, or is most of it funneled through the larger companies? Any help would be much appreciated by this newbie looking to stay afloat.
Welcome to the board I'm sure you invested countless hours here reading all the information. If you did, you wouldn't be asking this question because you'd have the answer

If you are "looking to stay afloat", I'd suggest not making this your primary source of revenue. Diversify and use this for filler work.



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post #5 of 15 (permalink) Old 01-01-2013, 08:33 PM Thread Starter
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Welcome to the board I'm sure you invested countless hours here reading all the information. If you did, you wouldn't be asking this question because you'd have the answer

If you are "looking to stay afloat", I'd suggest not making this your primary source of revenue. Diversify and use this for filler work.
There is a lot of information in this forum about which companies to avoid, but I haven't found a post listing the top companies to try to get in with. If someone can direct me to this information I will be much obliged. I'm interested to know who people are getting most of their work from and who is easiest to work with.
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post #6 of 15 (permalink) Old 01-01-2013, 08:51 PM
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Originally Posted by Pres View Post
There is a lot of information in this forum about which companies to avoid, but I haven't found a post listing the top companies to try to get in with. If someone can direct me to this information I will be much obliged. I'm interested to know who people are getting most of their work from and who is easiest to work with.




Because of the cut throat nature of the industry you're unlikely to find some one that will just give up their list of best company to work for.

And if you've read as much as you say you have you will soon see why few if any companies will make such a list.
On the forum you'll see the worst ones to stay away from.
The rest........ handle with both eyes WIDE OPEN. And DIVERSIFY!!!!!

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 #7 of 15 (permalink) Old 01-01-2013, 09:20 PM
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Originally Posted by Pres View Post
There is a lot of information in this forum about which companies to avoid, but I haven't found a post listing the top companies to try to get in with. If someone can direct me to this information I will be much obliged. I'm interested to know who people are getting most of their work from and who is easiest to work with.
I've said this before in a previous post. Listen to BPWY, GTX, Swiftres, Wannabe, Mtmmtman and a few others (sorry guys). They know what they are talking about.

IMHO, the companie(s) that you are looking for do not exist. The easy to work for ones don't have a lot of volume or have long payment terms. The ones with the highest work load give you the most headaches, chargebacks, etc. It is up to each individual to determine what is best for their individual company needs and tolerance. There are guys (and gals) on here that will swear by National XXXXXX and I personally dropped them because I couldn't tolerate all the BS that I got.

Do yourself a huge favor. If you want this line of work, try to get in with local agents. If you can get in with a local bank, great. It probably won't happen because my experience says the local banks turn their realtor into their asset manager to handle the property. My local bank whom I have 3 checking accounts, a savings account, a residential mortgage and 2 commerical mortages with doesn't give me work. I'm told all the time they would love for me to do the work but until their broker gives it to me, I'm SOL.

I am personally down to 2 nationals that I work for. Are they great, maybe. Would I reccommend them to anyone? No. What works for me probably wouldn't work for you.

Wish you the best of luck............



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post #8 of 15 (permalink) Old 01-01-2013, 09:26 PM
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The best National I know of is N.O.N.E. Preservation. It is a sure fire way to maintain your assets (if you have any). Other wise I would concentrate on R.E.A.L.T.O.R. Preservation for work.
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post #9 of 15 (permalink) Old 01-01-2013, 09:26 PM
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With only the rare exception the local banks bundle and sell their mortgages before the signature ink dries. At least every single one that I've talked to.

Many already have your loan shopped out before you set the closing signing appointment.

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 #10 of 15 (permalink) Old 01-01-2013, 09:27 PM
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The best National I know of is N.O.N.E. Preservation. It is a sure fire way to maintain your assets (if you have any). Other wise I would concentrate on R.E.A.L.T.O.R. Preservation for work.




Same as the best way to make a small fortune in P&P is to start with a large one.

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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