Tarping Storm Damaged Roof's - REO Property Preservation Forum
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post #1 of 32 (permalink) Old 04-29-2014, 10:50 AM Thread Starter
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Tarping Storm Damaged Roof's

My name is Terry Adams; and I represent Adaco, LLC. We are a firm that has been in the Property Preservation/REO field for over 11 years. We were recently awarded a contract with several Insurance Companies; whereas we will provide specific services to these insurance companies.

The services that we will be providing is following after tree companies and tarping damaged roofs, boarding broken windows, etc and there are time constraints; essentially meaning the same day that the tree is removed. These damaged roofs occur during storms such as hurricanes, tornadoes, etc. The negotiated rates exceed what one would expect to receive from National Preservation Companies, etc. therefor making this a viable opportunity.

There are parameters that must be met and I will go into greater details as this moves forward but you can expect to perform in a manner consistent with the normal practices of tarping roofs or boarding windows, to include before and after pics. Please note that this is a broadcast email and the rates to perform these services vary from one state to another but essentially there is a rate that is per hour, per man (Only 2 man crews), plus materials, steep roof rates, multi-level structure rates, etc.

There are requirements that must be met as well such as G&L Insurance, Workman’s Comp, Auto Ins., must own the correct tools, camera, email capabilities, time tracking, etc. It should also be mentioned that so long as the roof is tarped according to standards, there is no warranty required.

We are looking for vendors in all markets as we must have 100% coverage in each state.

The one big difference between this project and one that directly involves Property Preservation is that 100% of these properties are occupied with homeowner being present. We will be required to wear a sleeved shirt that identifies our company (Insurance company requirement) and all vendors must be presentable.

Pay comes at the 30 day mark or sooner and we can offer direct deposit. If interested, simply respond to this email and we will get you started on the next step.
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post #2 of 32 (permalink) Old 04-29-2014, 03:31 PM
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Look at PM

Sent you a PM. Thanks Jon
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post #3 of 32 (permalink) Old 04-30-2014, 11:18 AM
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Automated Response From Terry Adams

Thank You for your inquiry. To provide for details. We are looking for vendors that have the ability to tarp damaged roofs, board broken windows, doors, etc. The roof tarps as well as the window boards but be performed in accordance with Insurance regulations (very similar to what is required by HUD, Fannie Mae, FHA, and National Preservation Companies).·
· It will be required to provide photos of address, front of house, roof damage before tarp, and then after pictures of roof being tarped (all from same angle). Upon completion the pictures, details of work performed to include materials used, sqft. Covered, time record for on and off of job.
·
· All of these properties will be occupied with the homeowner being present so vendors must be presentable and a uniform type, sleeved shirt will be required (most likely the insurance company will require our company name).
·
· The rate that should be expected will be $85.00 per hour for a 2 man crew plus $.16 per sqft to offset the material cost (roof tarp material will consist of tarp, 1x2 pine furring strips, galvanized nails, and plastic cap roofing nails) Tarps can be purchased at home improvement stores or an online supplier such as Bargainlocks.com, Tarpsplus.com, etc. It does not matter to our firm where the materials come from this will be at your discretion so long as the product meet the industry guidelines. Note that roof tarps must extend 48” on all side of damaged area or to roof’ edge but this should be included into the sqft. Of tarped area.
·
· Window Board Material will consist of 1/2" Plywood for windows, 3/4" or 5/8" Plywood for doorways, 2" x 4" studs, 3/8" or 1/2" x 12" long Round-Headed Carriage Bolts, 3/8" or 1/2" Nuts for the Carriage Bolts, 3/8" or 1/2" Washers.
Time tracking is a must and will determine the actual time on a job, meaning the time you arrive on location till the time that you are clear from a location. Drive time between jobs is not calculated into the hourly rate.

You should arrive on location prepared to complete the job so having an assortment of materials would be preferred

We are required to be on location the same day and within a few hours after the departure of the tree company. Please keep in mind that the only job of the tree company is to remove the tree, it is our job to secure the property from and further damage; therefore we are asked to arrive on location within 5 hours of tree removal. Communication is of the upmost importance. Our firm can and will be penalized for not adhering to Insurance company policies and this penalty will have to be absorbed by the vendor if no fault of our firm.

You should expect payment to be received no later than 30 days from completion so long as all details, pictures, etc are received by our office.

There are specific guidelines that must be followed when boarding a window or door as well as tarping a roof. Failure to comply with these guidelines will result in the job being kicked back to be corrected by the vendor or face non-payment for that job.

I have attached some information as to how we are expected to board windows and tarp roof’s. We will certainly be available to answer and questions and assist in any way that we can.

I have also attached a vendor data sheet and I will need this returned as well as a list of zip codes that you cover. If you cover an entire county or state then I will only need the county and/or state name.

Proof of GL Insurance, workman’s comp (or exempt status form), auto insurance are required and Adaco, LLC will need to be listed as additionally insured. E&O Insurance is not required for the service that you will be providing.

Adaco does provide direct deposit so as this progresses and you find that you are interested in this, we will need this information as well, this can be added at any time.



Terry Adams
Adaco, LLC
610 N First St. Ste 5-426
Hamilton, MT 59840
406.552.0874 Direct
[email protected]
www.Adacollc.com


Hmmm....

Last edited by PropertyWerX, LTD.; 04-30-2014 at 11:19 AM. Reason: Spelling
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post #4 of 32 (permalink) Old 05-06-2014, 11:39 PM
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This guy emailed us today as well and we got the same loser email sent over. I politely explained the following based on what my best guess of how it would go...

So here is some simple math. A tree goes through a roof and makes a 3’x3’ hole (pretty big hole), so with this clowns setup, you would have to tarp an area 7x7. So at .16 sqft that’s a value meal buying $ 2.24. Then at $85/hr for the TWO guys you have to have there, you make what $85.00??? if not less because that tarp would honestly take what 15 minutes??? Lol and you know hes only going to pay for actual time….

SO best case you make $86.24 for having 2 guys there WITHIN 5 hours of a call…


Good luck to you sir. With those rates you should be able to find the craigslist monkeys you are looking for. Do you math guy, you are asking contractors to go into the negative for you. You should be ashamed and embarrassed...





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post #5 of 32 (permalink) Old 05-07-2014, 09:39 AM Thread Starter
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you have got it all wrong

Clearly you didn't take the time to understand the process or how the hourly rate works. I have never seen someone so eager to discredit or even walk away from an extra 150-200k per year but you did this without ever talking to me once. You made up your own mind and ran with it and posted it as word. Its just as well because the last thing I need is someone that has all the negativity as you and the million reasons why you cant get something done. You just made a decision to claim that I was a rip off. At least I learned BEFORE hand how this just upset you so and that in your opinion anything North of $100k per year was crap money
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post #6 of 32 (permalink) Old 05-07-2014, 07:17 PM
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Quote:
Originally Posted by Adaco View Post
Clearly you didn't take the time to understand the process or how the hourly rate works. I have never seen someone so eager to discredit or even walk away from an extra 150-200k per year but you did this without ever talking to me once. You made up your own mind and ran with it and posted it as word. Its just as well because the last thing I need is someone that has all the negativity as you and the million reasons why you cant get something done. You just made a decision to claim that I was a rip off. At least I learned BEFORE hand how this just upset you so and that in your opinion anything North of $100k per year was crap money
I think we would all love to make an extra 150k per year. By the time I paid for labor, materials, gas, etc I see myself losing some serious money. Last time I checked my company was a for profit and not a charity service. If the pricing referenced is true I would recommend getting your head examined. With all do respect that is complete SCUMBAG CRAIGSLIST
pricing.
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post #7 of 32 (permalink) Old 05-08-2014, 06:21 AM
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Quote:
Originally Posted by damaton View Post
So here is some simple math. A tree goes through a roof and makes a 3’x3’ hole (pretty big hole), so with this clowns setup, you would have to tarp an area 7x7. So at .16 sqft that’s a value meal buying $ 2.24. Then at $85/hr for the TWO guys you have to have there, you make what $85.00??? if not less because that tarp would honestly take what 15 minutes??? Lol and you know hes only going to pay for actual time….

[COLOR=#1F497D]SO best case you make $86.24 for having 2 guys there WITHIN 5 hours of a call…
Terry, would the above rates be accurate for that scenario?
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post #8 of 32 (permalink) Old 05-08-2014, 10:07 AM Thread Starter
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No they wouldn't be correct. This is an attempt to discredit me on ones opinion. He never once bothered to speak to me about it, he just made his own mind up about it and posted on this forum.
First off his analogy of the scenario he gave doesn't make any sense. While he is correct that a 3x3 hole in the roof would warrant a tarped area of 7x7 and if that were the actual area to be tarped (7x7=49 sqft @ $.16 = $7.84 not $2.24). However the smallest area that we have ever tarped is 10x10, so under that equation. 100 sqft @.16 per= $16.00 plus the 1 hr. rate of $85=$101.00 for an Hour that in reality would only take you approx. 15-20 min to complete.
Now I know that you can buy the standard 10x10, 6 mil blue poly tarp for as low as $5.00, 6 furring strips @ $1.02 each = $6.12, hand full of nails and screws........so total is approx. what $13.00 if you include nails and/or screws? Now here is another analogy. 1500 sqft roof to be tarped @ .16 per = $240.00 for material and $85 per for 6 hrs = $510 plus the $240.00 for materials = $750.00 your material to tarp this area runs about 170-180 so $240-180= $60.00+$510.00= $570.00 pocketed after the material expense.
The insurance company only agreed to $.16 per sqft because they did not want us making money on the material but you can see that the larger the tarped area the more $ there is to be made just off of the material. There are likely occasions that this would not work for some firms but for the most part, there is money to be made.
Now take the # of actual tarps a company does in a months time for a National Preservation Co. (1-2) and compare that to (4-5 per day or even just 1 per day). I will say that my tarp pricing is coming from online suppliers and NOT Home Depot or Lowes, which will make all the difference in the world.
As for window, boards the same $.16 per sqft applies and on average a standard 3x5 window will be billable at 1 hours rate........... 5 broken 3x5 windows will warrant an average of $85 per window = $425.
The days of ANY preservation company paying $425 to board 5 windows are long, long gone. Thoughts?
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post #9 of 32 (permalink) Old 05-08-2014, 01:36 PM
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My thoughts are you should be a comedian because I got a good laugh out of you.
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post #10 of 32 (permalink) Old 05-08-2014, 02:58 PM
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WOW where do I sign.
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