PO'ed in PA - REO Property Preservation Forum
 
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post #1 of 7 (permalink) Old 07-19-2013, 07:26 PM Thread Starter
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This is my understanding of this abomination of an "industry", and please understand I do many different types of FS and am speaking in generalities:

Someone in the financial sector (bank, asset manager, auctioneer etc) has "property" somewhere and needs either work done or an inspection of some type. Since they CAN'T POSSIBLY have employees in every corner of every state , and since they CAN'T POSSIBLY be bothered with contacting Joe Lawncuts and Sally Maidservice on their own, a new breed of criminal has sprung up, the regional and national order mills. Of course, these cretins take a cut of your fee for doing nothing more than making you aware there is work available and making sure you dot your t's and cross your i's. And apparently there is an even more lowlife scumbag that accepts orders from the regs and nats and takes a piece of that and subs it out once again. I think it's incredible in this day and age of labor laws these scoundrels are even able to operate in this fashion.

I was reading a blog by Sophie (you know, Sophie?) that claims foreclosures are DOWN by several different industry trade papers and players. I'm so glad all I ever did was wints, locks, small repairs and a few trash outs. I read all you guys on here just fighting tooth and nail for work just to make a few bucks. A word of advice: have a plan B. I see where the industry is headed. Longer drives for more information and less money. I have been doing this gig for 10 years. I started as an actual home inspector. Then my "partner" was unhappy and split, so I had to do what I had to do. I was doing construction draw inspections for an outfit and I thought to myself "Hey, let's see what else we can do in this field services thing". So I started doing work for insurance companies and commercial banking, but some of the regs and nats that do those types of jobs ALSO farm out PPI. So I took what I could get that didn't require a truck.

At my peak I did $25K a year, which I was happy with, no complaints. And I took everything that came my way. Several companies I even named my own price with. Oh, those were the days! Fast forward to 2012 income tax return. $8K. I got spoiled. The economy was tanked, people were taking jobs for 1/4 what I made on them a few years earlier and I absolutely refused to work backwards. Now I have sucked it up on some of that, had to, but for the most part if I can't make something reasonable after paying for gas and PUTTING MY VALUABLE TIME INTO IT, they can go take a flying . These con artists never seem to take our TIME into consideration, and they all expect you to do their cut rate job "while your in the area for other reasons". Bull. Ohhhhh... this industry sucks sucks sucks......

Thanks for providing a forum where I can vent with others who understand my plight, and thanks for looking! Just out of curiosity, does anyone know of a forum like this one for the insurance and commercial banking side of this FS thing?
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post #2 of 7 (permalink) Old 07-21-2013, 08:43 AM
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So you're saying that the "Regional" contractors are the companies that are ruining this Industry?? By all means I am not trying to step on anyones toes but there is a lot more to this industry. I will agree that is has gone down hill for quite a few years now but I think there are a lot more people to blame here than just Nationals and Regionals. I personally have ran into a lot of shady contractors that have done there fair share of piss poor work. I don't agree with how the industry is turning but the biggest problem I have ran into recently is a mix of CONTRACTORS and that BS "Cost Estimation Software".

Just my 2 cents.
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post #3 of 7 (permalink) Old 07-21-2013, 09:22 AM Thread Starter
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Without naming names (and I wouldn't expect ya to) I have a hard time distinguishing one from the other, as far as regs/nats go. Is there really a difference anyway? They both take a cut for doing very little. I know for a fact one place I worked for, let's just say they were a national vendor management service, I could have subbed their work out... as their subcontractor! They have a whole website set up to assign work to employees, had I had any, which I didn't. I blame BOTH regs AND nats. As far as shady contractors and piss poor work, that's what happens when you want it done as cheaply as possible (low bid). No experience with cost estimation software, but it sounds like a mechanics labor guide in reverse, or at least IN FAVOR of the reg/nat... not YOU.
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post #4 of 7 (permalink) Old 07-21-2013, 12:59 PM
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Agreed, most of the reason for the shoddy work is because of the beer money pay scale.
You get what you pay for has never been truer than this industry.

Reputable contractors with legit businesses can't make the numbers work at that level.

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 7 (permalink) Old 07-21-2013, 03:20 PM
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Quote:
Originally Posted by TNTPP View Post
So you're saying that the "Regional" contractors are the companies that are ruining this Industry?? By all means I am not trying to step on anyones toes but there is a lot more to this industry. I will agree that is has gone down hill for quite a few years now but I think there are a lot more people to blame here than just Nationals and Regionals. I personally have ran into a lot of shady contractors that have done there fair share of piss poor work. I don't agree with how the industry is turning but the biggest problem I have ran into recently is a mix of CONTRACTORS and that BS "Cost Estimation Software".

Just my 2 cents.
You are wrong! The nationals and regionals ARE to blame! Did you ever stop to consider why the shady contractors are doing piss poor work? I work directly for the banks and charge $250 to do a winterization and I spend the time to make sure its done right, when some sub of a sub is offering $40 to do a winterization do you think any professionals are going to do it? NO, they are stuck going to craigslist and getting some shady contractor to do it. And real contractors set thier own prices, we don't let someone tell us the cost based on "cost estimation software"
Do you know who else is to blame? ANYONE who agrees to work for these piece of **** companies. Find direct work!
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post #6 of 7 (permalink) Old 07-21-2013, 03:55 PM
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Quote:
Originally Posted by Cocky Rocky View Post
This is my understanding of this abomination of an "industry", and please understand I do many different types of FS and am speaking in generalities:

Someone in the financial sector (bank, asset manager, auctioneer etc) has "property" somewhere and needs either work done or an inspection of some type. Since they CAN'T POSSIBLY have employees in every corner of every state , and since they CAN'T POSSIBLY be bothered with contacting Joe Lawncuts and Sally Maidservice on their own, a new breed of criminal has sprung up, the regional and national order mills. Of course, these cretins take a cut of your fee for doing nothing more than making you aware there is work available and making sure you dot your t's and cross your i's. And apparently there is an even more lowlife scumbag that accepts orders from the regs and nats and takes a piece of that and subs it out once again. I think it's incredible in this day and age of labor laws these scoundrels are even able to operate in this fashion.

I was reading a blog by Sophie (you know, Sophie?) that claims foreclosures are DOWN by several different industry trade papers and players. I'm so glad all I ever did was wints, locks, small repairs and a few trash outs. I read all you guys on here just fighting tooth and nail for work just to make a few bucks. A word of advice: have a plan B. I see where the industry is headed. Longer drives for more information and less money. I have been doing this gig for 10 years. I started as an actual home inspector. Then my "partner" was unhappy and split, so I had to do what I had to do. I was doing construction draw inspections for an outfit and I thought to myself "Hey, let's see what else we can do in this field services thing". So I started doing work for insurance companies and commercial banking, but some of the regs and nats that do those types of jobs ALSO farm out PPI. So I took what I could get that didn't require a truck.

At my peak I did $25K a year, which I was happy with, no complaints. And I took everything that came my way. Several companies I even named my own price with. Oh, those were the days! Fast forward to 2012 income tax return. $8K. I got spoiled. The economy was tanked, people were taking jobs for 1/4 what I made on them a few years earlier and I absolutely refused to work backwards. Now I have sucked it up on some of that, had to, but for the most part if I can't make something reasonable after paying for gas and PUTTING MY VALUABLE TIME INTO IT, they can go take a flying . These con artists never seem to take our TIME into consideration, and they all expect you to do their cut rate job "while your in the area for other reasons". Bull. Ohhhhh... this industry sucks sucks sucks......

Thanks for providing a forum where I can vent with others who understand my plight, and thanks for looking! Just out of curiosity, does anyone know of a forum like this one for the insurance and commercial banking side of this FS thing?
Nothing that hasn't been said for the past four years....sad part is that evry time it is said it is by some one new....

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post #7 of 7 (permalink) Old 07-22-2013, 05:50 AM
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You are wrong! The nationals and regionals ARE to blame! Did you ever stop to consider why the shady contractors are doing piss poor work? I work directly for the banks and charge $250 to do a winterization and I spend the time to make sure its done right, when some sub of a sub is offering $40 to do a winterization do you think any professionals are going to do it? NO, they are stuck going to craigslist and getting some shady contractor to do it. And real contractors set thier own prices, we don't let someone tell us the cost based on "cost estimation software"
Do you know who else is to blame? ANYONE who agrees to work for these piece of **** companies. Find direct work!
So everyone that works directly for the nationals are ****** contractors because the price they do the work? Give me a break. Listen I didn't join this forum to make enemies and it one shape or another we are all in this together. I am just sick and tired of everyone complaining and blaming the industries problems on Nationals and Regionals only and not some of companies that are hiring a painter to patch a roof or a drywall guy to replace the plumbing. I personally seen some very large multi-million dollar preservation companies (Not Regionals) do some incredibly shoddy work. There's just way more to it than just that!
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