Hypothetical question..... - REO Property Preservation Forum
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post #1 of 24 (permalink) Old 05-01-2013, 08:17 PM Thread Starter
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Hypothetical question.....

As I was hustling around checking on the 13 job sites today and my mind was racing in every direction I had a thought...or should I say question pop in my head today.
So I pose this to you, the PP contractors that are still at it fill tilt. Keep in mind this question is only relevant to those that come from a differing background than the PP world.

Would you go back to your trade if the work was there?
(base this on a strong economy in your given area)

Our housing market here in the soybean capitol of the world is BOOMING! From minor remodels to full custom homes. I'm fortunate in that sense. I ran into a PP contractor that I got started in the biz about 6 years ago (he was a concrete flat work contractor previous to the bust) the other day. He's in hog heaven now doing the PP thing, loves every minute of it. He asked me straight up....why I don't go back to it. My response: "I saw the writing on the wall in 2009 when the stallions in the stable started in on flat rate pricing."
So for me personally after being in the trenches of the PP world....I am gladly out of the riff raff and couldn't be happier. Yes, I've noticed a slight decrease in earnings. BUT, the peace of mind far outweighs the alternative.

What's your take?
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post #2 of 24 (permalink) Old 05-01-2013, 09:45 PM
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PPP,

Heck NO I would never go back to P&P crap! What a merry-go-round of chain-jerk desk jockeys that cannot do anything but try to tell a knowledgable person what to do....

NOW the real question to YOU:::)) Need some more work? To much to handle here!
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post #3 of 24 (permalink) Old 05-02-2013, 04:14 AM
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Plumbing, electrical, carpentry, landscaping, preservation. Which four do you think will be around in their current form in 5 years?
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post #4 of 24 (permalink) Old 05-02-2013, 05:52 AM
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Precisely why were are diversifying our portfolio.
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post #5 of 24 (permalink) Old 05-02-2013, 07:53 AM
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What preservation work has done for me is.

allowed me to be more selective in the contracting/home improvement business. I don't have to take the jobs I really don't want, or negotiate my price as much. The two go hand in hand, there is no reason to look at them as mutually exclusive. In my mind your hypothetical does not exist.
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post #6 of 24 (permalink) Old 05-02-2013, 12:03 PM
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The preservation industry is a game of musical chairs, and if you stay in this biz as your sole income, you will find a time when you are standing and there is no place to sit.
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post #7 of 24 (permalink) Old 05-02-2013, 03:48 PM
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Quote:
Originally Posted by GTX63 View Post
Plumbing, electrical, carpentry, landscaping, preservation. Which four do you think will be around in their current form in 5 years?

So how do you think it`s going to change in the next five years? I would think the prices can only go so low!
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post #8 of 24 (permalink) Old 05-02-2013, 11:19 PM
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Quote:
Originally Posted by Ohnojim View Post
In my mind your hypothetical does not exist.




I'd disagree.



In March 09 when I quit trucking and came off the road I was doing only P&P.
It only took a couple months (before the end of the summer) to realize there were some SERIOUS issues with the direction the industry was headed.
I knew that I would have to branch out in order to survive.
In 10 I picked up some private work, in 11 I picked up some more private/local customers.

By 4/12 I dropped all of the P&P and concentrated on my lawn business with local customers.
Fall of 12 I needed some work and when one national called with a trash out I took it. I immediately regretted that.
Sitting in front of the computer doing uploads all evening takes soooooo much time that I'd been able to reclaim for myself.
13 rolls around and I'm doing no P&P, even told my insurance agent to drop that from my services offered list. (doesn't really make much difference in what I'm doing or how I'm insured).

I like local customers. Example I did a couple tree jobs last week. PAID IN FULL before I left the property.
Got another one to do this week..... ALREADY paid in full, and I haven't even started the job.

Others I billed monday for last month's snow removal. Two days later I've got checks in the mail, paid in full.
You just can't beat this in the P&P industry.

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 24 (permalink) Old 05-02-2013, 11:23 PM
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Quote:
Originally Posted by STARBABY View Post
So how do you think it`s going to change in the next five years? I would think the prices can only go so low!





Based on what I hear I expect things to go back to the agents hands and they'll hire contractors...... LONG before 5 yrs is up.

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 24 (permalink) Old 05-03-2013, 05:24 AM
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The two are still not mutually exclusive.

Quote:
Originally Posted by BPWY View Post
I'd disagree.



In March 09 when I quit trucking and came off the road I was doing only P&P.
It only took a couple months (before the end of the summer) to realize there were some SERIOUS issues with the direction the industry was headed.
I knew that I would have to branch out in order to survive.
In 10 I picked up some private work, in 11 I picked up some more private/local customers.

By 4/12 I dropped all of the P&P and concentrated on my lawn business with local customers.
Fall of 12 I needed some work and when one national called with a trash out I took it. I immediately regretted that.
Sitting in front of the computer doing uploads all evening takes soooooo much time that I'd been able to reclaim for myself.
13 rolls around and I'm doing no P&P, even told my insurance agent to drop that from my services offered list. (doesn't really make much difference in what I'm doing or how I'm insured).

I like local customers. Example I did a couple tree jobs last week. PAID IN FULL before I left the property.
Got another one to do this week..... ALREADY paid in full, and I haven't even started the job.

Others I billed monday for last month's snow removal. Two days later I've got checks in the mail, paid in full.
You just can't beat this in the P&P industry.
Your post just proves that point. I have never done only P&P work, or relied on any single customer, that would be bad business. I do plenty of local face to face work, but still like the money from my p&p accounts. Housing markets work in cycles always have, in the better times we sell home improvements, in the lean times we cut the grass, and mop the floors, that's life. What the mortgage crisis created was a lot of "Joe **** the Rag Man" so called contractors, and now they are finding out nothing lasts forever, I have been through these cycles before. The original post spoke in absolutes that frankly do not exist. Additionally a business that can not survive a 30-60 day billing period is not a business to begin with.
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