Sgard from the outside - REO Property Preservation Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 15 (permalink) Old 07-17-2013, 09:02 AM Thread Starter
Member
 
Join Date: May 2013
Location: Minnesota
Posts: 77
Thanks: 14
Thanked 27 Times in 20 Posts
Sgard from the outside

At the risk of upsetting a few people I have something that is making me crazy about the guard vendors in my area. I have never worked for them, so as I said, this is an outsiders view. I do a lot of after sale and REO work, and when I go up the sidewalk and see that guard sticker my heart sinks. I understand from this site their crappy pay and horrible requirements but I say If you can't do the work for the price why don't you quit? These houses are full of filthy toilets with discount saran wrap fallen off, floors that have never felt a broom, closets under the stairs stuffed with trash, missing outlet covers, appliances that actually make me gag, trash cans stuffed full of hazards and hidden in the back yard, I could go on but you know what I mean.
Your rebellion against guards policies and pay rates is hurting not the big company but us, your fellow contractors who have to clean up your mess. I realize the people who really need to read this never will, but at least I got my 2 cents in.
MNanny is offline  
The Following User Says Thank You to MNanny For This Useful Post:
MNP&P (07-17-2013)
Sponsored Links
Advertisement
 
post #2 of 15 (permalink) Old 07-17-2013, 09:34 AM
Senior Member
 
Join Date: Apr 2013
Posts: 160
Thanks: 52
Thanked 78 Times in 44 Posts
Safeguard pays well. It's the regionals they send volumes of work to, and their subs that really make Safeguard look bad. We contract directly with Safeguard, and DON'T sub out any of our work. Most of the defects and problems you mentioned comes from lazy and/or underpaid subs that don't work for Safeguard. Another problem you mentioned was dirty toliets. Last WIN season, 1 in every 4 WINs my crews performed were compromised due to someone, most likely inspectors, as they were the only ones that had access to the postsale houses we serviced. On FHA properties, SG pays Exhibit B prices on everything except G/C's. Same thing with FNM, VA, FMC, and CV. And they take a percentage off our gross. We don't perform REO services. Do they charge us back? Yes. Is it alot compared to what we make off of them per month? No. Do they reopen things? Yes, but most of the time, it's our own fault. The bottom line is, SG pays the best, and fastest. Our experience with them has been great. Do they have some rude people that work for them? Yes, every business does. It's on YOU to be professional. Having to take a lot of pictures isn't a bad thing.
Irnhrse5 is offline  
post #3 of 15 (permalink) Old 07-17-2013, 09:49 AM
Low quality low cost
 
Craigslist Hack's Avatar
 
Join Date: Jun 2012
Location: Every city
Posts: 2,338
Thanks: 695
Thanked 1,687 Times in 846 Posts
Quote:
Originally Posted by Irnhrse5 View Post
Safeguard pays well. It's the regionals they send volumes of work to, and their subs that really make Safeguard look bad. We contract directly with Safeguard, and DON'T sub out any of our work. Most of the defects and problems you mentioned comes from lazy and/or underpaid subs that don't work for Safeguard. Another problem you mentioned was dirty toliets. Last WIN season, 1 in every 4 WINs my crews performed were compromised due to someone, most likely inspectors, as they were the only ones that had access to the postsale houses we serviced. On FHA properties, SG pays Exhibit B prices on everything except G/C's. Same thing with FNM, VA, FMC, and CV. And they take a percentage off our gross. We don't perform REO services. Do they charge us back? Yes. Is it alot compared to what we make off of them per month? No. Do they reopen things? Yes, but most of the time, it's our own fault. The bottom line is, SG pays the best, and fastest. Our experience with them has been great. Do they have some rude people that work for them? Yes, every business does. It's on YOU to be professional. Having to take a lot of pictures isn't a bad thing.
They certainly do not pay the best or the fastest. They also make you work twice as hard for the same money. There are many companies that pay better and don't require all the BS.

At some point we as contractors have to realize these are foreclosures not showcase homes. You can only put so much shine on a turd.
Craigslist Hack is offline  
Sponsored Links
Advertisement
 
post #4 of 15 (permalink) Old 07-17-2013, 10:14 AM
Senior Member
 
Join Date: Apr 2013
Posts: 160
Thanks: 52
Thanked 78 Times in 44 Posts
So what national pays the best? I know investors pay more than nationals. SG pays 95% of our invoices in 2 weeks. That's pretty fast from what I've gathered. We don't work twice as hard on our orders, but we do take a lot of pictures. As far as the BS, it's all relative. We don't mind the BS because SG pays us on time. I'm not going to complain about how many pics they want. If that's what it takes to get paid on an order that pays $3000, I'm not going to complain about 10 extra minutes of taking pics.
Irnhrse5 is offline  
post #5 of 15 (permalink) Old 07-17-2013, 10:26 AM
Senior Member
 
Join Date: Mar 2013
Posts: 164
Thanks: 6
Thanked 162 Times in 66 Posts
The problem is ANYONE who works for ANY national, regional, sub of a sub, etc.. IS THE PROBLEM!

As long as you keep accepting the work they will never change.

I'm sure you can all agree that the problem is the middle men.

Imagine if there was no middle men, the person actually doing the work is the one who is contracted directly and keeps all of the money. Thats what working directly for the banks and agents is all about.

You have people on this very forum who complain yet they cover entire states or multiple states. How can you do that without being part of the problem? I'm sure you take a little for yourself and sub it again!

All of my work is done withing a 20 mile radius of my house and I have more work that I can handle. I have 4 crews who do nothing but rehabs/major repairs, I sub out carpets, HVAC and roofing, 1 crew for small repairs, and 2 trashout crews. And I try to make it to every job to QC if possible.

And guess what, there is probably another 10 guys in my area that work for other agents who are equally busy, never a shortage of work.

I know some are from very rural areas with 100's of miles between cities or heavily populated areas, I guess this does not apply to you , but not much you can do about that. It's pure supply and demand, you can't brag about how your nearest neighbor is 5 miles away and cry when you have to drive 100 miles to service a house.

The key to your success is going direct! If you feel you are being mistreated, under paid, charged back (which by the way is NOT a real thing! The banks NEVER EVER charge back anything!) then simply don't accept the work.

I got about 20 private messages asking HOW DO I GO DIRECT?
Pick up the phone and start calling the agents who have the properties you want to work on, it's not rocket science.

Also, trying to form some type of union or organization is not the answer either. You are independent contractors, not employees.
bigdaddy is offline  
The Following User Says Thank You to bigdaddy For This Useful Post:
thanohano44 (07-17-2013)
post #6 of 15 (permalink) Old 07-17-2013, 10:51 AM
Senior Member
 
Join Date: Apr 2013
Posts: 160
Thanks: 52
Thanked 78 Times in 44 Posts
The problem with trying to work directly for people like BoA, Citi, and others is they use SG exclusively for all work orders. Plus, the insurance and IT requirements alone to work for a major bank would break a small contractor. Working directly for smaller banks is viable, but the volume sometimes isn't there.
Irnhrse5 is offline  
post #7 of 15 (permalink) Old 07-17-2013, 10:53 AM
Senior Member
 
Join Date: Apr 2013
Posts: 160
Thanks: 52
Thanked 78 Times in 44 Posts
I agree, working direct for investors and realtors is the best, but they simply can't provide the volume. Plus, you have to provide all of your own IT. That's a significant investment for a small contractor
Irnhrse5 is offline  
post #8 of 15 (permalink) Old 07-17-2013, 12:26 PM
Business Consultant
 
Cleanupman's Avatar
 
Join Date: Nov 2012
Location: Silver Springs, Nevada
Posts: 1,380
Thanks: 322
Thanked 564 Times in 339 Posts
Quote:
Originally Posted by bigdaddy View Post
The problem is ANYONE who works for ANY national, regional, sub of a sub, etc.. IS THE PROBLEM!

As long as you keep accepting the work they will never change.

I'm sure you can all agree that the problem is the middle men.

Imagine if there was no middle men, the person actually doing the work is the one who is contracted directly and keeps all of the money. Thats what working directly for the banks and agents is all about.

You have people on this very forum who complain yet they cover entire states or multiple states. How can you do that without being part of the problem? I'm sure you take a little for yourself and sub it again!

All of my work is done withing a 20 mile radius of my house and I have more work that I can handle. I have 4 crews who do nothing but rehabs/major repairs, I sub out carpets, HVAC and roofing, 1 crew for small repairs, and 2 trashout crews. And I try to make it to every job to QC if possible.

And guess what, there is probably another 10 guys in my area that work for other agents who are equally busy, never a shortage of work.

I know some are from very rural areas with 100's of miles between cities or heavily populated areas, I guess this does not apply to you , but not much you can do about that. It's pure supply and demand, you can't brag about how your nearest neighbor is 5 miles away and cry when you have to drive 100 miles to service a house.

The key to your success is going direct! If you feel you are being mistreated, under paid, charged back (which by the way is NOT a real thing! The banks NEVER EVER charge back anything!) then simply don't accept the work.

I got about 20 private messages asking HOW DO I GO DIRECT?
Pick up the phone and start calling the agents who have the properties you want to work on, it's not rocket science.

Also, trying to form some type of union or organization is not the answer either. You are independent contractors, not employees.
There were two people on Linkedin a while back with your moniker...you by any chance????? If I remember correctly the gentleman's name was Fernando???

Aladay LLC
Property Preservation
New Business Consultant
Custom Glass&Wood
Cleanupman is offline  
post #9 of 15 (permalink) Old 07-17-2013, 12:55 PM
Super Moderator
 
GTX63's Avatar
 
Join Date: Apr 2012
Location: Your House Soon...Soon
Posts: 3,186
Thanks: 676
Thanked 2,249 Times in 1,094 Posts
Have never been paid by Safeguard for anything within 2 weeks. 45 - 60 days is about right. My office inputs every invoice with our own PO#; on Safeguard invoices we also input their work order and loan number. So Tuesday comes and we open a check for 17K or whatever and there are 91 invoices. Some are missing work order digits or are off by a number or two, some are invoices that, according to the work order numbers, are for jobs we were already paid for. A $55 grass cut is showing at $26.50. An $850 debris order is listed as $797. Some never show up. So, I pay someone to spend the rest of the day researching and proofing the statement, then sending off and email to accounting at Safeguard, who responds from some deep space location that they will look into it and get back to us. Another 3-5 weeks later a check comes in with the differences. Problem is, many times they still don't match. If they choose not to pay us, they leave no explanation; the invoice is just zeroed out. By that time, their in house 60 day limit for appealing invoices has passed and you are sol. We have also had the check "lost in transit". They infer it isn't their responsibility but if we wish, they will cancel the check (for a fee) and research it at some later date. FYI-we kick them to the curb every few years and then take on a job or two, and voila, SSDD.
If I added up all the revenue losses, the in house money spent on their baloney, etc, it would be even more obvious-working direct has always been cheaper than working for Safeguard.
GTX63 is offline  
post #10 of 15 (permalink) Old 07-17-2013, 01:28 PM
Senior Member
 
Join Date: Apr 2013
Posts: 160
Thanks: 52
Thanked 78 Times in 44 Posts
We have all the problems you listed, but not to the extreme degree you have described. We have had some invoices that were paid past 30 days. Not enough to kick them to the curb. As I said before, our experiences have never been on the nightmarish level some have described. All emails to their accounting department have been answered promptly (1-3 days).
Irnhrse5 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