AMS again - REO Property Preservation Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 12 (permalink) Old 12-16-2013, 09:29 PM Thread Starter
Member
 
Join Date: Sep 2013
Posts: 96
Thanks: 14
Thanked 6 Times in 6 Posts
AMS again

A few vendors called me asking if I was having trouble getting paid from AMS. I told them they got me for 3500.00. Does any one on here actually make money with them or do they just scam people? I really want to know! If you making money them, tell me how your doing it!
ALS9386 is offline  
Sponsored Links
Advertisement
 
post #2 of 12 (permalink) Old 12-16-2013, 10:05 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 ALS9386 View Post
A few vendors called me asking if I was having trouble getting paid from AMS. I told them they got me for 3500.00. Does any one on here actually make money with them or do they just scam people? I really want to know! If you making money them, tell me how your doing it!
I make money with them on GMAC work but I refuse to do any other contracts with them.
Craigslist Hack is offline  
post #3 of 12 (permalink) Old 12-16-2013, 10:34 PM Thread Starter
Member
 
Join Date: Sep 2013
Posts: 96
Thanks: 14
Thanked 6 Times in 6 Posts
What state are you in. I never Heard of them. I just don't under stand how Ams is still in business?? I have spoking to 5 other vendors and they are in worse shape the me. I just don't get it.
ALS9386 is offline  
Sponsored Links
Advertisement
 
post #4 of 12 (permalink) Old 12-16-2013, 11:25 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 ALS9386 View Post
What state are you in. I never Heard of them. I just don't under stand how Ams is still in business?? I have spoking to 5 other vendors and they are in worse shape the me. I just don't get it.

AMS does GMAC work and it pays HUD minus 20% and they pay every month on or around the 20th.

I had a HUGE battle with them on VRM work and some other crap they screwed me on. In the end I got my money but still discontinued those contracts with AMS. I kept the GMAC because it pays well.
Craigslist Hack is offline  
post #5 of 12 (permalink) Old 12-17-2013, 12:08 AM Thread Starter
Member
 
Join Date: Sep 2013
Posts: 96
Thanks: 14
Thanked 6 Times in 6 Posts
Oh ok I get it. How do u get them to give that? They have a ton of work but they just don't want to pay. I got to say ,I have been with five bros. one moth
.. no problem so far. My checks come on the 1st and the 16th.
ALS9386 is offline  
post #6 of 12 (permalink) Old 12-17-2013, 08:09 AM
Super Moderator
 
Join Date: Oct 2012
Location: Southeast Wisconsin
Posts: 1,059
Thanks: 890
Thanked 1,208 Times in 536 Posts
Quote:
Originally Posted by ALS9386 View Post
Oh ok I get it. How do u get them to give that? They have a ton of work but they just don't want to pay. I got to say ,I have been with five bros. one moth
.. no problem so far. My checks come on the 1st and the 16th.
Give it time, give it time........



BRADSConst is offline  
The Following User Says Thank You to BRADSConst For This Useful Post:
BPWY (12-17-2013)
post #7 of 12 (permalink) Old 12-17-2013, 08:21 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 ALS9386 View Post
Oh ok I get it. How do u get them to give that? They have a ton of work but they just don't want to pay. I got to say ,I have been with five bros. one moth
.. no problem so far. My checks come on the 1st and the 16th.
Your dancing with the Devil. Unless you plan on being a yes man and cleaning out every NASTY fridge for peanuts, installing handrails for the fun of it, raking leaves and clippings. Lose the Brothers, they screwed us big because I refused orders. We will not be forced to do slave work for low wages and we won't be charged back because they have to reassign an order that we don't accept.

Your best bet with them is next time you have to take a picture of your truck license plate in the driveway place a nice message over it.
Craigslist Hack is offline  
post #8 of 12 (permalink) Old 12-17-2013, 10:00 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
Quote:
Originally Posted by ALS9386 View Post
What state are you in. I never Heard of them. I just don't under stand how Ams is still in business?? I have spoking to 5 other vendors and they are in worse shape the me. I just don't get it.
If you had 5 subs that you made 20% profit on each week, and started keeping 80% of what you owed them, until they quit, then hired 5 more subs off the ad you placed, and did the same to them, your business would be pretty fat too.
To some people, regionals are like little flames that the moths just cannot resist.
GTX63 is offline  
The Following 3 Users Say Thank You to GTX63 For This Useful Post:
ALS9386 (12-17-2013), Cleanupman (12-18-2013), thanohano44 (12-17-2013)
post #9 of 12 (permalink) Old 12-18-2013, 03:22 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 Craigslist Hack View Post
AMS does GMAC work and it pays HUD minus 20% and they pay every month on or around the 20th.

I had a HUGE battle with them on VRM work and some other crap they screwed me on. In the end I got my money but still discontinued those contracts with AMS. I kept the GMAC because it pays well.
Been with them 5 years...they ppay you a flat fee and bill a different number that is from a former employee.
Also currently there seems to be some improprieties in regards to the Broker Indemnity and AMS supposed to refund the 20% on FNMA properties....

The flat fee is not what they bill it is what they remove the 20% from...
We did over 2000 HUD props for them not one was billed at HUD fees...they were all flat fees. I did negotiate numbers that we could live with just as we did with the FNMA contract. Problem is there is no volume here...

Another thing to be cognizant of...they have in house crews that they pay so their volumes are going to those crews... Should you be lucky enough to receive something it will probably be aver the allowable and they will want it done under the scope of "Initial Services" and you will have to fight AFTER you complete services to receive the proper compensation for your work if you're lucky enough to get someone to answer the phone or an email...

Aladay LLC
Property Preservation
New Business Consultant
Custom Glass&Wood
Cleanupman is offline  
post #10 of 12 (permalink) Old 12-18-2013, 07:06 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 Cleanupman View Post
Been with them 5 years...they ppay you a flat fee and bill a different number that is from a former employee.
Also currently there seems to be some improprieties in regards to the Broker Indemnity and AMS supposed to refund the 20% on FNMA properties....

The flat fee is not what they bill it is what they remove the 20% from...
We did over 2000 HUD props for them not one was billed at HUD fees...they were all flat fees. I did negotiate numbers that we could live with just as we did with the FNMA contract. Problem is there is no volume here...

Another thing to be cognizant of...they have in house crews that they pay so their volumes are going to those crews... Should you be lucky enough to receive something it will probably be aver the allowable and they will want it done under the scope of "Initial Services" and you will have to fight AFTER you complete services to receive the proper compensation for your work if you're lucky enough to get someone to answer the phone or an email...
I have never done a flat fee job for AMS and I've been with them for several years. I lost money on the VRM thing, a US Bank contract they had for a bit, and we tried some other contract that didn't work.

They have no in house crews in my area. We ONLY do GMAC work and it's pre conveyance. I have ZERO interest in post conveyance work unless it's direct for the bank or through a realtor. There is no money in it, and far too many requirements. The GMAC stuff pays 100 for a wint and 80 is the minimum for a grass cut. We also don't take leaves or remove clippings or any of that garbage. If they want that done I want 500 a yard.
Craigslist Hack 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