A lot ask, whom should I work for - REO Property Preservation Forum
 
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post #1 of 3 (permalink) Old 03-28-2013, 08:19 PM Thread Starter
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A lot ask, whom should I work for

I see this question asked a lot, and I remember asking the same thing. I have had plenty of time to think that question thru over the past 13 years. All in all it really comes down to (with nationals) whom your point of contact or what they refer to as regional manager was. I have had the good, the bad, and the outright delusional over the years. Depending on how accessible they are, honest and if they follow thru depends on your experience. So all in all that is a big factor or should be. I really cannot get into specifics, but the old guard around this board (experienced not "old") should agree. And seriously most cases where just one clown brought in due to turnover or how SG used to do and just play roulette with them and you found you and they just "clashed".

This is not as common as it used to be because they all have huge turn overs now. However it is how I trimmed the fat from 9 Nationals to 4 and of the 4, only two are really active other are fly by night once in a blue.

Thank god for direct work which allows us to be picky with the rest-and that privilege took years to acquire.
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post #2 of 3 (permalink) Old 03-28-2013, 09:09 PM
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Originally Posted by NewEnglandProp View Post
I see this question asked a lot, and I remember asking the same thing. I have had plenty of time to think that question thru over the past 13 years. All in all it really comes down to (with nationals) whom your point of contact or what they refer to as regional manager was. I have had the good, the bad, and the outright delusional over the years. Depending on how accessible they are, honest and if they follow thru depends on your experience. So all in all that is a big factor or should be. I really cannot get into specifics, but the old guard around this board (experienced not "old") should agree. And seriously most cases where just one clown brought in due to turnover or how SG used to do and just play roulette with them and you found you and they just "clashed".

This is not as common as it used to be because they all have huge turn overs now. However it is how I trimmed the fat from 9 Nationals to 4 and of the 4, only two are really active other are fly by night once in a blue.

Thank god for direct work which allows us to be picky with the rest-and that privilege took years to acquire.

I'm with you New England as I have done the same. The key is diversification within the national for which you choose to work with. Some may think that the standard P&P that we have done for years is drying up and yes it is. However, there is always opportunity working with the nationals as long as you have a consistent track record and you become the "go to" guy when the problem property rears it's ugly head. You know, the one they have been ignoring for years and finally it ends up in receivership and or violation. The next thing you know you are the one they are asking to bail them out to the tune of $75K - $125K before Boston takes the property or is filing criminal proceedings against the banks's CEO. I will take two or three of those a month rather than toiling in 300 lock changes and or trip charges a month. Choose wisely, get to know who you are dealing with and work your way through to the decision makers at the national and you will soon find a whole new world of opportunity !!
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post #3 of 3 (permalink) Old 03-29-2013, 09:02 AM
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We are in the process of eliminating the nationals we have two contracts right now directly with lenders, one a local bank...

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