SafeGuard in the past - REO Property Preservation Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 16 (permalink) Old 11-13-2013, 08:12 AM Thread Starter
Junior Member
 
grayghost's Avatar
 
Join Date: Aug 2013
Location: NE Arkansas
Posts: 26
Thanks: 33
Thanked 4 Times in 4 Posts
SafeGuard in the past

I'm not an SG koolaid freak, but I can say SG has made me money. Just wondering if anyone on here has made good money in the past from SG, and how long it has been?
grayghost is offline  
Sponsored Links
Advertisement
 
post #2 of 16 (permalink) Old 11-13-2013, 08:29 AM
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
Made tons of money, mid six figures annually for a handful of years. We were shorted more money thru them in 12 month periods than some of my guys earned in a year. That was a different time, more like the height of a gold rush.
GTX63 is offline  
post #3 of 16 (permalink) Old 11-13-2013, 09:08 AM
Member
 
Join Date: Oct 2013
Posts: 81
Thanks: 50
Thanked 67 Times in 38 Posts
Made great money with them when I first started with them in 2010.. only lost about 5oo bucks to chargebacks that yr. Then toward the end of 2o11 beginning of 2012. Is when I got a "new" lower paying Pricesheet With more work expected. So I sat down add up all my expenses to run my. Business and it didn't add up.. bbbuuuttt was stupid and completed the work for the new pricing anyways, boy was that the wrong idea. Chargebaacks and return to properties started rolling in for work that would of passed just 1yr before that. So switch to fas and berghorst only to find the same problems.. then tried 1oo other companies with same results. I love thinking about those days not so long ago. But we all as contractors in this industry need to start pulling together to get this mess resolved for the future so maybe we all can start making better money again.. I miss the high 6 digits a yr and not having to take 1oooo pics for a grasscut. I blame it on Obama! Lol. How does everyone like this hope and change. But on another note, Im contracted with 0 nationals..and like havingmy life back.
Switch to brokers and do your own thing. Less stress and more money.. no chargebacks payed on time, and no waiting forever to get payed. But back on topic, back in the day safeguard was a pretty good company. Nowwww. Not at all.
K&L preservation is offline  
Sponsored Links
Advertisement
 
post #4 of 16 (permalink) Old 11-13-2013, 09:49 AM
Junior Member
 
Join Date: Nov 2013
Posts: 3
Thanks: 0
Thanked 0 Times in 0 Posts
I don't know how anyone could make a profit at sgp after they came up with the new debri pricing. If someone is making a profit and still working with them please let me know how you are doing it. The numbers just dont add up for me
trash man is offline  
post #5 of 16 (permalink) Old 11-13-2013, 10:38 AM Thread Starter
Junior Member
 
grayghost's Avatar
 
Join Date: Aug 2013
Location: NE Arkansas
Posts: 26
Thanks: 33
Thanked 4 Times in 4 Posts
Quote:
Originally Posted by trash man View Post
I don't know how anyone could make a profit at sgp after they came up with the new debri pricing. If someone is making a profit and still working with them please let me know how you are doing it. The numbers just dont add up for me

I never did see a way to make a profit doing REO, but I have made money doing P&P
grayghost is offline  
The Following User Says Thank You to grayghost For This Useful Post:
ontimepres (11-17-2013)
post #6 of 16 (permalink) Old 11-13-2013, 02:38 PM
Member
 
Join Date: Oct 2013
Posts: 81
Thanks: 50
Thanked 67 Times in 38 Posts
Only company that makes money is sg or any other Nat or regional
K&L preservation is offline  
post #7 of 16 (permalink) Old 11-13-2013, 06:19 PM
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 K&L preservation View Post
Only company that makes money is sg or any other Nat or regional
I did the regional thing for a few years. I will say we made money. I will also say we lost money.

I liken it to sitting at the blackjack table in vegas. One minute you are up then you catch some bad jobs, Then a chargeback, and BOOM your stack of chips is gone!
Craigslist Hack is offline  
post #8 of 16 (permalink) Old 11-13-2013, 06:35 PM
Member
 
Join Date: Oct 2013
Posts: 65
Thanks: 0
Thanked 15 Times in 14 Posts
SG REO is completely different than the PP side. Obvious reason is the "flat fee" and it is SG money, not bank money. The chargebacks are constant, unjust for the most part and mathematically insane. I have to say that for a nice run during my time with them that I did very well hitting around 500k for a few years. I was doing PP only and I wanted to get the REO work for trash-out purposes. I finally got my way and the experience was horrible and very short-lived. I was really let down.
USConsulting is offline  
The Following 2 Users Say Thank You to USConsulting For This Useful Post:
Irnhrse5 (11-13-2013), ontimepres (11-17-2013)
post #9 of 16 (permalink) Old 11-14-2013, 07:35 AM
Junior Member
 
Join Date: Nov 2013
Posts: 3
Thanks: 0
Thanked 0 Times in 0 Posts
I did do good with them on the reo side for a few years, but " and there is always a but". after they put in the new flat rate pricing I refused to do anymore work for them. I would love to know how many long time contractors have left them in recent months. the last job i did for them was in feb and I couldn't be happier.
trash man is offline  
post #10 of 16 (permalink) Old 11-14-2013, 10:05 AM
Member
 
Join Date: Aug 2013
Posts: 64
Thanks: 11
Thanked 15 Times in 14 Posts
I always hear about SG chargebacks but in the over a year I've been working for them I haven't had a single one and I do about 70-80 orders a month excluding grass and inspections...
SRT-Diesel 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