Money where is it? How do you make it? - REO Property Preservation Forum
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post #1 of 12 (permalink) Old 05-14-2013, 09:45 PM Thread Starter
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Money where is it? How do you make it?

One of my relatives recently asked me how things were going. I rattled of some run of the mill negativity to which they replied "What changed it seemed like you guys did great the first year or two."

What has changed in the last 12months?

Where is the money?

How do you get it?

Why is something that worked last year far less successful this year?

Is it possible we have gotten too smart for our own good? Could negativity be affecting our attitudes? Was ignorance truly bliss?

In the old days we took the work order and knocked out the work order thinking how much money we were going to make. Now we are just thinking of the ways they can charge us back, not pay us, or delay payment.

I literally have 2 nationals we refer to as the Christmas club.
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post #2 of 12 (permalink) Old 05-14-2013, 10:57 PM
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post #3 of 12 (permalink) Old 05-15-2013, 05:03 AM
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As a young kid I got my first job working retail. I stayed longer than I should have. Several managers were transferred, other employees came and went. I witnessed the district suits come in and give their pep speeches and pass hot air. Moral of the story C Hack? You are no longer wet behind the ears and know the game and how the board is tilted.
The Garden of Eden didn't change, Adam did.
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post #4 of 12 (permalink) Old 05-15-2013, 05:58 AM
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From a business stand point I hated the fact that the game was always changing. It seemed like once you had things figured out and could make some plans, poof every thing changed.

About every 3 months it seemed like it'd roll over.
Kinda hard to make a business model work with that.

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 #5 of 12 (permalink) Old 05-15-2013, 07:00 AM Thread Starter
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From a business stand point I hated the fact that the game was always changing. It seemed like once you had things figured out and could make some plans, poof every thing changed.

About every 3 months it seemed like it'd roll over.
Kinda hard to make a business model work with that.

We have felt this way all along. I honestly thought this was my ADD kicking in.

It does seem that once we figure things out they change.
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post #6 of 12 (permalink) Old 05-15-2013, 07:03 AM
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It used to be nice when you rolled up to a property and knew before you started what you were going to make that day . These days the only thing you know for sure is you might not get what you are supposed to . The rules are changing every day.Nationals and Regional,s find every way to take your dollar.Fuel prices are at crazy prices.A lot of new people thinking this is an overnight millionaire maker. The rules are constantly changing. People putting themselves and their company at risk doing things they shouldnt,just to make a buck. People thinking that a $20.00 yard cut is good money because they get volume.When they dont stop to realize that if they received more money on less cuts it would be half the work and more profit.
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post #7 of 12 (permalink) Old 05-15-2013, 07:49 AM
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Let's not forget how the SOW (scope of work) has grown exponentially, meanwhile the BI (billable invoice) has shrunk proportionally. Seeing the expectations grow like they have for the same pennies just is not a feasible option for longevity.
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post #8 of 12 (permalink) Old 05-15-2013, 05:00 PM
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go get a real job
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post #9 of 12 (permalink) Old 05-15-2013, 06:22 PM
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Quote:
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...When they dont stop to realize that if they received more money on less cuts it would be half the work and more profit.
I spent most of my young career as a corporate salesman. And a wise old salesman that I worked with many years ago asked me this question one day and told me to reflect on the question before popping off an answer.

Which would you rather do, Sell $1,000,000 worth of product for 10% profit? Or, sell $500,000 worth of product for 20% profit?

Took me all of 2 minutes to reflect. (doing the math in my head and pausing to make him think I was really considering my answer)

I said, "I'd rather have the $500,000 order at 20%." He asked, "Why?"
I grinned and said, "Same money, half the work."

He said, "You'll go far, Grasshopper."
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post #10 of 12 (permalink) Old 05-15-2013, 07:57 PM
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Originally Posted by GTX63 View Post
As a young kid I got my first job working retail. I stayed longer than I should have. Several managers were transferred, other employees came and went. I witnessed the district suits come in and give their pep speeches and pass hot air. Moral of the story C Hack? You are no longer wet behind the ears and know the game and how the board is tilted.


The Garden of Eden didn't change, Adam did.
Sure is nice to hear someone else with similair vents/views. I have been called mr doom and gloom here but you know it was a great industry to be in and thankful for the money I made before all the insurance and charge back BS was happening. I think times are hard and going to get harder " Look at things with a HEALTHY DOSE OF SKEPTACISM" my brother a stoclk broker told me. A MEN BRO

Perhaps the rose colored tint on "ADAMS" glasses wore off
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