My Rant about so many regionals - REO Property Preservation Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 16 (permalink) Old 02-10-2013, 07:56 PM Thread Starter
Senior Member
 
Join Date: Sep 2012
Posts: 588
Thanks: 192
Thanked 255 Times in 114 Posts
My Rant about so many regionals

I am really getting pi**ed off with how many regionals are opening their doors. Wow you have a business and now think you can be a regional. Well guess what if you are subbing from someone else and then taking another cut how is anyone supposed to make any money actually doing the work.
If you want to expand your company, how about going out, hiring people and doing the field work. It seems that all anybody wants to do anymore is sit behind a desk and make money to flip paperwork.
Again I believe in everybody trying to achieve the American dream, BUT at what point does it get stupid. If you are a true national and get the work directly from the bank than fine but don't try to sub work that you are getting as a sub yourself. If you can't handle the work load then don't say you can cover the area but then try to get it done on the cheap by somebody 3rd down on the list.
Yes I have hired some people to do work for me that we couldn't cover. Was it subbing, yes but it was also in my own area not across the country. But I did it more to just satisfy a client. Was it worth it, not really after I got the 100.00 wint from the national minus their 20% I clear $80.00. Did I offer the obscene price of $40.00 for someone else to do it NO NO NO they got $70.00. Yes did I make $10.00 for flipping paperwork on it, sure $10.00 I didn't make 1/2 for nothing.
I guess all I am saying is if you want to sub, pay the right rate. Sorry for the rant.
brm1109 is offline  
The Following 6 Users Say Thank You to brm1109 For This Useful Post:
BRADSConst (02-10-2013), Cleanupman (02-11-2013), dustint3161 (02-11-2013), Racerx (02-11-2013), Splinterpicker (02-11-2013), STARBABY (02-10-2013)
Sponsored Links
Advertisement
 
post #2 of 16 (permalink) Old 02-10-2013, 08:35 PM
Senior Member
 
Join Date: Apr 2012
Location: Florida
Posts: 847
Thanks: 664
Thanked 247 Times in 151 Posts
Basement Regionals........ Hate em!!!! They are a waste of time!
JDRM is offline  
post #3 of 16 (permalink) Old 02-10-2013, 09:41 PM
Super Moderator
 
PropPresPro's Avatar
 
Join Date: Apr 2012
Location: The Frozen Tundra
Posts: 1,229
Thanks: 424
Thanked 933 Times in 469 Posts
Quote:
Originally Posted by brm1109 View Post
I am really getting pi**ed off with how many regionals are opening their doors. Wow you have a business and now think you can be a regional. Well guess what if you are subbing from someone else and then taking another cut how is anyone supposed to make any money actually doing the work.
If you want to expand your company, how about going out, hiring people and doing the field work. It seems that all anybody wants to do anymore is sit behind a desk and make money to flip paperwork.
Again I believe in everybody trying to achieve the American dream, BUT at what point does it get stupid. If you are a true national and get the work directly from the bank than fine but don't try to sub work that you are getting as a sub yourself. If you can't handle the work load then don't say you can cover the area but then try to get it done on the cheap by somebody 3rd down on the list.
Yes I have hired some people to do work for me that we couldn't cover. Was it subbing, yes but it was also in my own area not across the country. But I did it more to just satisfy a client. Was it worth it, not really after I got the 100.00 wint from the national minus their 20% I clear $80.00. Did I offer the obscene price of $40.00 for someone else to do it NO NO NO they got $70.00. Yes did I make $10.00 for flipping paperwork on it, sure $10.00 I didn't make 1/2 for nothing.
I guess all I am saying is if you want to sub, pay the right rate. Sorry for the rant.
Lol! Do you feel better now?

Iíve already told you more than I know.
PropPresPro is offline  
Sponsored Links
Advertisement
 
post #4 of 16 (permalink) Old 02-10-2013, 10:31 PM Thread Starter
Senior Member
 
Join Date: Sep 2012
Posts: 588
Thanks: 192
Thanked 255 Times in 114 Posts
Actually ya I do feel better!!!!
brm1109 is offline  
The Following User Says Thank You to brm1109 For This Useful Post:
JDRM (02-11-2013)
post #5 of 16 (permalink) Old 02-11-2013, 09:02 AM
Senior Member
 
Splinterpicker's Avatar
 
Join Date: Apr 2012
Location: west coast USA
Posts: 616
Thanks: 53
Thanked 213 Times in 135 Posts
It is a life cycle of any business Beginning , Growth , Maturity, Decline. It does not matter what business they all go through this. Can't blame a person for trying but when it is more of a head ache then it is not worth it. We are skilled trades people and will survive. When bloated promises are made I look back and laugh.
Splinterpicker is offline  
post #6 of 16 (permalink) Old 02-11-2013, 09:23 AM
Senior Member
 
STARBABY's Avatar
 
Join Date: Apr 2012
Location: kentucky
Posts: 681
Thanks: 582
Thanked 197 Times in 137 Posts
Only regoinal I have ever worked for was Linda!
STARBABY is offline  
The Following User Says Thank You to STARBABY For This Useful Post:
brm1109 (02-11-2013)
post #7 of 16 (permalink) Old 02-11-2013, 10:45 AM
Business Consultant
 
Cleanupman's Avatar
 
Join Date: Nov 2012
Location: Silver Springs, Nevada
Posts: 1,380
Thanks: 322
Thanked 564 Times in 339 Posts
As more and more can not deliver on their contractual obligations they will fall off...Hopefully there will not be an idiot behind them with more promises they can not deliver on....

Aladay LLC
Property Preservation
New Business Consultant
Custom Glass&Wood
Cleanupman is offline  
The Following User Says Thank You to Cleanupman For This Useful Post:
JDRM (02-11-2013)
post #8 of 16 (permalink) Old 02-11-2013, 05:13 PM
Senior Member
 
Join Date: Aug 2012
Location: Packer Nation
Posts: 231
Thanks: 173
Thanked 117 Times in 63 Posts
Quote:
Originally Posted by brm1109 View Post
I am really getting pi**ed off with how many regionals are opening their doors. Wow you have a business and now think you can be a regional. Well guess what if you are subbing from someone else and then taking another cut how is anyone supposed to make any money actually doing the work.
If you want to expand your company, how about going out, hiring people and doing the field work. It seems that all anybody wants to do anymore is sit behind a desk and make money to flip paperwork.
Again I believe in everybody trying to achieve the American dream, BUT at what point does it get stupid. If you are a true national and get the work directly from the bank than fine but don't try to sub work that you are getting as a sub yourself. If you can't handle the work load then don't say you can cover the area but then try to get it done on the cheap by somebody 3rd down on the list.
Yes I have hired some people to do work for me that we couldn't cover. Was it subbing, yes but it was also in my own area not across the country. But I did it more to just satisfy a client. Was it worth it, not really after I got the 100.00 wint from the national minus their 20% I clear $80.00. Did I offer the obscene price of $40.00 for someone else to do it NO NO NO they got $70.00. Yes did I make $10.00 for flipping paperwork on it, sure $10.00 I didn't make 1/2 for nothing.
I guess all I am saying is if you want to sub, pay the right rate. Sorry for the rant.
I can actually get on board with your rant, Altisource was our Big Daddy National peppered in with Cyprexx and one or two others, once Altisource went with their RFP all work thru them ceased, Cyprexx crapped on us because we had a rep that could'nt start a conversation without "Can you do me a favor?" and the others just don't have the workload so we went back to where we came from which is a General Contractor, every since then every Craigslist Regional has contacted me and I have yet to sign with a single one due to their sub of a sub of a sub pricing, I actually had a guy contact me last week offering 22.00 a property for snow removal!!?? he told me " I'm not even trying to make any money off this I just need help covering my 70+ properties"....my immediate thought was I'm glad you're" not trying to make any money" because mission acomplished...told my wife about his offer She cracked up....

Last edited by Racerx; 02-11-2013 at 05:35 PM. Reason: spelling
Racerx is offline  
post #9 of 16 (permalink) Old 02-11-2013, 05:28 PM
Low quality low cost
 
Craigslist Hack's Avatar
 
Join Date: Jun 2012
Location: Every city
Posts: 2,340
Thanks: 695
Thanked 1,687 Times in 846 Posts
Having been a regional myself I see both sides of this complaint. While I agree with you that regional pay is too low. There is no more money for them to pay.

  • LPS pays $75.00 for a wint then they hack it down to $56.00 how could a company stay in business paying more than $40.00 to the contractor when it takes an hour or more sometime for the office girl to upload all of the bids that go with a simple winterization?
  • Most of us started working for regionals and decided to grow our business and work direct because we too were sick of the regionals. We try very hard to be a good company and it isn't always easy.
  • The nationals are not interested in a company that will only cover a few zips. I won't even talk to a guy that doesn't cover a 90mile radius of his house especially if he is metro. Everyone wants to and can cover metro.
  • The nationals force regionals to take on more area than they really want so the national gets rural coverage and they use the regional as a credit line. WIN WIN for them.
  • It's hard to pay ahead due to charge backs. We just recieved a $462.00 chargeback from a national for a trash out a sub did in October. The pics didn't justify the debris totals. Am I supposed to absorb this hit? I didn't screw up the pics.
  • We would love to cover a 2 hour radius of our office and are currently doing so with in House employees.
  • Since we have quit being a regional we went from having 435 open orders in September to having about 15 to 20 currently.
  • Our client base does not want to deal with 20 contractors in a state. They want to make one phone call and get results not chase guys all day.
  • The nationals create these layers on purpose.
I always feel like these guys don't need to be advertising for hacks on Craigslist in my area. I can handle most of the work here and don't want the rest (safeguard, FAS). The thing is the nationals are telling me they want 3 statewide companies per state and maybe a few that cover smaller areas.


Since we no longer cover an entire state I am 3rd on the list for work. We are getting far to many Bids, and reverifies. Orders that don't pay! This may have been the worst decision I have ever made financially? I feel better without the stress but I am getting stressed watching the money dry up.
Craigslist Hack is offline  
The Following User Says Thank You to Craigslist Hack For This Useful Post:
Racerx (02-11-2013)
post #10 of 16 (permalink) Old 02-11-2013, 11:53 PM
Senior Member
 
STARBABY's Avatar
 
Join Date: Apr 2012
Location: kentucky
Posts: 681
Thanks: 582
Thanked 197 Times in 137 Posts
Quote:
Originally Posted by Doberman Properties View Post
Having been a regional myself I see both sides of this complaint. While I agree with you that regional pay is too low. There is no more money for them to pay.

  • LPS pays $75.00 for a wint then they hack it down to $56.00 how could a company stay in business paying more than $40.00 to the contractor when it takes an hour or more sometime for the office girl to upload all of the bids that go with a simple winterization?
  • Most of us started working for regionals and decided to grow our business and work direct because we too were sick of the regionals. We try very hard to be a good company and it isn't always easy.
  • The nationals are not interested in a company that will only cover a few zips. I won't even talk to a guy that doesn't cover a 90mile radius of his house especially if he is metro. Everyone wants to and can cover metro.
  • The nationals force regionals to take on more area than they really want so the national gets rural coverage and they use the regional as a credit line. WIN WIN for them.
  • It's hard to pay ahead due to charge backs. We just recieved a $462.00 chargeback from a national for a trash out a sub did in October. The pics didn't justify the debris totals. Am I supposed to absorb this hit? I didn't screw up the pics.
  • We would love to cover a 2 hour radius of our office and are currently doing so with in House employees.
  • Since we have quit being a regional we went from having 435 open orders in September to having about 15 to 20 currently.
  • Our client base does not want to deal with 20 contractors in a state. They want to make one phone call and get results not chase guys all day.
  • The nationals create these layers on purpose.
I always feel like these guys don't need to be advertising for hacks on Craigslist in my area. I can handle most of the work here and don't want the rest (safeguard, FAS). The thing is the nationals are telling me they want 3 statewide companies per state and maybe a few that cover smaller areas.


Since we no longer cover an entire state I am 3rd on the list for work. We are getting far to many Bids, and reverifies. Orders that don't pay! This may have been the worst decision I have ever made financially? I feel better without the stress but I am getting stressed watching the money dry up.

I only cover 75miles from home, and for years! I use to cover out to 200miles but stopped! going that far out you would burn up a entire day! never could see how covering an entire state could be profitable!
One thing I have notice is it`s getting harder to cash flow my business! Due to all companies taking longer to pay and reducing what they pay on jobs!

I think the CYD pay for most companies is way to low! Cost of dumping ,insurance, fuel, ect!
STARBABY is offline  
The Following 3 Users Say Thank You to STARBABY For This Useful Post:
BRADSConst (02-12-2013), Craigslist Hack (02-12-2013), hammerhead (02-12-2013)
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