why do people not listen when we tell them not to get in this biz? - REO Property Preservation Forum
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post #1 of 70 (permalink) Old 10-25-2013, 07:22 PM Thread Starter
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why do people not listen when we tell them not to get in this biz?

Over and over people ask me how to get in this business, and I advise them against it. Then they ask who is good to work for and I tell them no one.

They do it anyway then complain about the hardship they are experiencing.

People we are not trying to protect our nest egg. If it was worth doing I would advise everyone to jump in. The thing is it sucks!
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post #2 of 70 (permalink) Old 10-25-2013, 08:13 PM
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Hack,

I ask because you are a veteran to the industry. I know that the $$$$ is not what it was. But why are you and others still in it if there is no money.

I ask because I am in Florida. Is it the same here as where you are? Is there more or less opportunity here or there?

I ask because I don't know. Do you have any positive comment to make about the industry? Certainly something keeps you hanging on. Are you a glutten for punishment?

I ask because I want to know. I am a firm believer there are three sides to every story, his, hers and the truth. I respect the forum and heed its comments. But I have to ask, is the where the nay sayers hang out or does anyone have positive advice other than RUN!!!??? I read about new rules and procedures. I have to wonder based on the nature of them have companies given the National and Regionals cause to move in this direction? Is this a decent industry corrupted by the few derelicts? Is this a decent industry where companies have stuck it to these regionals and nationals in the past so now they stick it back and the tennis match goes back and forth?

I ask because I don't believe. I have trouble believing all National and Regionals rip off everybody. I also have trouble believe that every vendor is a victim. Furthermore, I have trouble believing every vendor is honest and forthright with the Nationals and Regionals. If this is true why not collectively pick one day in the next legislative session and hit every congressman for each area on the same day with these issues. Hundreds hitting all at once are sure to get notice.

I understand you are against anyone entering the industry. Certainly there are Nationals and Regionals to work for and not work for. So why not be a chap and guide those new toward the right ones and away from the wrong ones.

I mean no disrespect, I just want answer, guidance and advice.
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post #3 of 70 (permalink) Old 10-25-2013, 08:40 PM
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The majority of us veterans are slowly stepping away. While most of us like the work, We despise the bullcrap created by the nationals. This is brought on by the nationals bidding so low that most legitimate established companies can no longer justify staying in the business much less try to break in from the bottom. I was 100% in from 2009 to 2011. I have slowly backed away since then and am at about 30% of my business in this now. As my good clients turn bad or go under due to the big nationals underbidding them i will back away even more. I will likely be out by next year at this time....................................
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post #4 of 70 (permalink) Old 10-25-2013, 08:50 PM
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I am in Florida. I run a handyman/cleaning business. We do lawncare/landscape services as well. We keep seeing posts and ads for vendors in our area. I know that there is a need. I also know that there has to be enough meat on the bone to pay the fuel bill. I am just trying to get a feel for what is going on in the industry. I have HUD price sheet. The prices seem fair for the services. I have a list of the regionals for the southeast. Why the big difference in the prices I see and what I see on here being offered?
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post #5 of 70 (permalink) Old 10-25-2013, 09:10 PM
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You HAVE to get in direct with broker (bank) to get HUD pricing, and that is not guaranteed either.

The Nationals go direct to bank, take their cut, then regionals, etc., then you get whats left.
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post #6 of 70 (permalink) Old 10-25-2013, 09:17 PM
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When applying with the National and Regionals Discount %?? Does that mean of what I invoice or off HUD Guidelines?
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post #7 of 70 (permalink) Old 10-25-2013, 09:18 PM
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Nats and regionals are good for practice if you can do it without going broke. You can make some good $ going direct with Broker, but you better know what your talking about, and be licensed in most states.
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post #8 of 70 (permalink) Old 10-25-2013, 09:22 PM
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Quote:
Originally Posted by rrogers66 View Post
When applying with the National and Regionals Discount %?? Does that mean of what I invoice or off HUD Guidelines?
They all have different pricing, they have pricing for you to agree to. Some take 20% off HUD, some take 30%, etc.

Then you have the regionals who get that pricing, and try to sub that out, and take another 20% for pushing paper.
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post #9 of 70 (permalink) Old 10-25-2013, 09:26 PM
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I am only interested in my county and the neighboring four here in Florida. Licensing in another issue. Florida will allow you to do alot without a license. Winterizations are a no go. No Plumbing or electrical work.
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post #10 of 70 (permalink) Old 10-25-2013, 09:26 PM
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Does Florida even require winterizations?
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