Time to rejoin? Or not? - REO Property Preservation Forum
 
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post #1 of 9 (permalink) Old 12-01-2013, 11:55 PM Thread Starter
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Time to rejoin? Or not?

Hello again to all of you! I've been away from the forum for a couple of months after the accident that put me on medical hold with all of my clients. My crew was in a bad accident that put my main guy (my husband) in the ICU for 2 weeks and the hospital for another week with follow up surgeries lasting another month. I'm considering jumping back in but haven't yet pulled the trigger. After being gone so long it's hard to purposefully subject myself to the crazyness again. As I have been catching up on the issues it seems like things are actually still getting worse. I have all of the equipment and a ton of supplies and the contacts I need to keep busy, but can't quite convince myself to start. It's a bad time of year to try to go straight construction or remodel.
If you were in my position in a location that shuts down construction in the winter (MN), do you think you would start PP again? I don't have a feasible backup plan really, just a reluctance to rejoin a trade that's harder and harder to make a profit.
If you had made a clean getaway, what would you do?
Keep in mind, I do need to make some money soon...
Thanks for any and all advice.
I did miss you guys!
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post #2 of 9 (permalink) Old 12-02-2013, 12:12 AM
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Sorry to hear the news. Hope all goes well!

All my MN crews are struggling to keep up with all the private work that is happening in the Twin Cities! All but 1 crew is booked till spring.

My suggestion? Get out into the private sector contractor market and make some "real" money..
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post #3 of 9 (permalink) Old 12-02-2013, 06:59 AM
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It seems to be one of those situations where.

If you have to ask the question, you already know the answer. If you have to do it, for the money, then you have to do it. It sounds to me though, like you need an exit strategy.
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post #4 of 9 (permalink) Old 12-02-2013, 09:21 AM
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Regardless of whether the industry is getting worse, it is most definitely evolving. It will never return to the era 2000-2010. There will always be foreclosures, but the pace will return to a level that is acceptable to lenders. If you were in California in 1849 and set up a gold exchange, hotel, blacksmith, saloon, etc, you were in the money. If you were still there in 1855 you were sweeping the floors most days and looking out the window.
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post #5 of 9 (permalink) Old 12-02-2013, 08:17 PM
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Originally Posted by Wannabe View Post
Sorry to hear the news. Hope all goes well!

All my MN crews are struggling to keep up with all the private work that is happening in the Twin Cities! All but 1 crew is booked till spring.

My suggestion? Get out into the private sector contractor market and make some "real" money..
I agree put your self out there and get the bids rolling for construction when things thaw out and your crew has had an opportunity to get back on their feet. Recovery in the cold is the pits ! I was house bound with a BAD rotator cuff repair ( had to have a muscle graft and anchors installed in the bones to strech the muscle back ) during winter ( because it is slow) what I did n't anticipate was SNOW. I was going NUTS. As for your work look at your situation and milk both ends of the cow and see which produces the best milk.
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post #6 of 9 (permalink) Old 12-03-2013, 11:56 AM
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Get your training and certs and get into remediation work.

I whole heartedly second the idea of private work!

For me I gravitated towards lawn care and snow plowing.
Which is what I was doing during the late 90s/early 2000s before I got stupid and tried my hand at OTR trucking.

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 #7 of 9 (permalink) Old 12-11-2013, 09:30 AM
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A is the national, B is the money spinning down thru the industry and C is the contractor trying to get the last remaining scraps to make ends meet. You can label the parts as you see fit and figure the outcome.

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post #8 of 9 (permalink) Old 12-11-2013, 09:39 AM
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A is the national, B is the money spinning down thru the industry and C is the contractor trying to get the last remaining scraps to make ends meet. You can label the parts as you see fit and figure the outcome.

Man i hope that is chocolate!!!!!!!!
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post #9 of 9 (permalink) Old 12-13-2013, 02:06 PM
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If you're looking into education and training courses for PPi the North American Association of Rental Property Inspectors has class room and on line courses for the PPI that are now accredited vs all the other courses offered out there.
They are the only organization in the industry that is accredited...
Good luck

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