just getting started - REO Property Preservation Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 19 (permalink) Old 01-07-2013, 10:52 AM Thread Starter
hhm
Junior Member
 
Join Date: Jan 2013
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
just getting started

I am just starting my property preservation comp. and would really like to get some newbie do's and dont's I'm kinda lost at this point where to find jobs, iv contacted banks and real estate companies anyone have a suggestion on who else i should contact?
hhm is offline  
Sponsored Links
Advertisement
 
post #2 of 19 (permalink) Old 01-07-2013, 10:54 AM
Super Moderator
 
BPWY's Avatar
 
Join Date: Apr 2012
Location: MT
Posts: 4,096
Thanks: 1,470
Thanked 774 Times in 468 Posts
There are many many many hours of reading available on the forum already touching these subjects.

After you read all of that feel free to ask specific questions.

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.
BPWY is offline  
The Following 2 Users Say Thank You to BPWY For This Useful Post:
68W30 (01-08-2013), thanohano44 (01-07-2013)
post #3 of 19 (permalink) Old 01-07-2013, 10:56 AM
Member
 
Join Date: May 2012
Location: CT
Posts: 81
Thanks: 90
Thanked 43 Times in 27 Posts
welcome!

Do your self a favor and read thru this forum, a lot of valuable information to be found here. As for do's and don'ts, hmm that could take a while to explain-one thing is for sure Do not pay for anything when applying for work thru Nationals/regionals-if They want you bad enough they do not charge. Also document everything you do and save those pictures for at least a few years.

thats all I have but I bet in the next hour you will have plenty of info.
NewEnglandProp is offline  
Sponsored Links
Advertisement
 
post #4 of 19 (permalink) Old 01-07-2013, 11:07 AM Thread Starter
hhm
Junior Member
 
Join Date: Jan 2013
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
what do you mean by nationals and regionals? iv heard the tearm but wasnt sure who they are
hhm is offline  
post #5 of 19 (permalink) Old 01-07-2013, 11:10 AM
Super Moderator
 
BPWY's Avatar
 
Join Date: Apr 2012
Location: MT
Posts: 4,096
Thanks: 1,470
Thanked 774 Times in 468 Posts
Nationals are the nation wide companies right under the banks that give out the work.
They take a cut of the pie and send whats left down the food chain.

Regionals are companies that promise the nationals that they can provide full coverage for a large area of the country. A full state or even multiple states.
They take a cut of the pie and send whats left to the contractors. This is you, the guy doing the work at the end of the food chain.
The last guy to get paid and the guy where the s&&t stops at when it runs down hill.

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.
BPWY is offline  
The Following 2 Users Say Thank You to BPWY For This Useful Post:
Cleanupman (01-08-2013), NewEnglandProp (01-08-2013)
post #6 of 19 (permalink) Old 01-07-2013, 11:13 AM Thread Starter
hhm
Junior Member
 
Join Date: Jan 2013
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
Thanks i appreciate the info, just getting started as you already know im sure is rough and all the charity info i can get is a big help
hhm is offline  
post #7 of 19 (permalink) Old 01-07-2013, 01:38 PM
Senior Member
 
thanohano44's Avatar
 
Join Date: Aug 2012
Posts: 2,016
Thanks: 1,397
Thanked 289 Times in 168 Posts
Quote:
Originally Posted by hhm View Post
Thanks i appreciate the info, just getting started as you already know im sure is rough and all the charity info i can get is a big help
If you work directly for the bank, the job is worth lets say $2500.
Add in a national and that same job turns into a $1875 job and no work has been done yet. Add in a regional and that same job turns into a $950 job and still no work has been done.
thanohano44 is offline  
The Following 4 Users Say Thank You to thanohano44 For This Useful Post:
68W30 (01-08-2013), BPWY (01-07-2013), JDRM (01-07-2013), STARBABY (01-08-2013)
post #8 of 19 (permalink) Old 01-08-2013, 09:22 AM
Member
 
Join Date: May 2012
Location: CT
Posts: 81
Thanks: 90
Thanked 43 Times in 27 Posts
Quote:
Originally Posted by BPWY View Post
Nationals are the nation wide companies right under the banks that give out the work.
They take a cut of the pie and send whats left down the food chain.

Regionals are companies that promise the nationals that they can provide full coverage for a large area of the country. A full state or even multiple states.
They take a cut of the pie and send whats left to the contractors. This is you, the guy doing the work at the end of the food chain.
The last guy to get paid and the guy where the s&&t stops at when it runs down hill.
I could not have stated that better
NewEnglandProp is offline  
The Following User Says Thank You to NewEnglandProp For This Useful Post:
BPWY (01-08-2013)
post #9 of 19 (permalink) Old 01-08-2013, 11:35 AM
Senior Member
 
Join Date: Sep 2012
Location: NEWYAWK
Posts: 343
Thanks: 567
Thanked 162 Times in 88 Posts
Quote:
Originally Posted by thanohano44 View Post
If you work directly for the bank, the job is worth lets say $2500.
Add in a national and that same job turns into a $1875 job and no work has been done yet. Add in a regional and that same job turns into a $950 job and still no work has been done.


wow 950 from 2500 thats GOOD
68W30 is offline  
post #10 of 19 (permalink) Old 01-08-2013, 11:47 AM
Super Moderator
 
BPWY's Avatar
 
Join Date: Apr 2012
Location: MT
Posts: 4,096
Thanks: 1,470
Thanked 774 Times in 468 Posts
Its not far off the mark.

I've been on the receiving end, $900 paid to me while the regional billed their client $1900.

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.
BPWY is offline  
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the REO Property Preservation Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome