why so negative about P&P work - REO Property Preservation Forum
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post #1 of 19 (permalink) Old 06-24-2014, 05:29 PM Thread Starter
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why so negative about P&P work

why is everyone so negative about P&P work? thats all i do and im pretty profitable, i have 7 guys working for me and an office girl, I am in Rhode Island and am able to get anywhere in 30 min. is this the main reason? i believe there is a lot of work in this state
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post #2 of 19 (permalink) Old 06-24-2014, 06:16 PM
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why is everyone so negative about P&P work?
What specifically are people saying?
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post #3 of 19 (permalink) Old 06-25-2014, 10:37 AM
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I can't believe this is even a question but here goes

  1. We do not get to set our own prices on alot of what we do even though we are our own companies.
  2. We are susceptible to charge backs for 24 months from the time you do a job.
  3. The pay is slow.
  4. The pay is well below market value.
  5. Cost estimators are nothing more than someone else dictating your companies profits to you.
  6. being forced to bid items that we have no interest in bidding. Like sales cleans or dirty fridges.
  7. Having to cover whole states just to get on board with certain companies.
  8. Company audits for background checks etc.
  9. Bidding out Initial Secures for hours on busted out POS houses that will never have anything done to them.
I could go on and on all day. If you still like doing this either you have no issue doing what they ask or you are working for better clients than the rest of us.
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post #4 of 19 (permalink) Old 06-25-2014, 08:32 PM
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Get back to me in 12 months and we shall see if your tune has changed. Veteran of 16 years here. That's my gripe... It used to be broom swept and 29$ a cube regardless ! NO E&O insurance needed then. BACK UP ALL WORK on an external HDD for the day you are sued for changing a lock on a house. And beware of local (state) statutes here it is breaking and entering to do PP work and the nationals have been notified and still issue the work orders! It is the difference between Possession and ownership . So is that enough or do you need more. I have kept me favorite realtor and my sanity telling the nationals to PACK SAND !
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post #5 of 19 (permalink) Old 06-25-2014, 08:55 PM Thread Starter
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listen, by no means am i trying to be cocky at all, just trying to get some feed back, ive been in the business for 8 yrs and have had alot of good and bad, craiglist hacker, u make some good points and i will agree with alot of them, im in RI and i can get anywhere within 30 min so travel is never an issue and the volume is good,and splinterpicker, would u agree that what u use to get paid back in the day was a bit high because there were less contractors and less foreclosers?i think all the new protocall and rules there pumping out will get rid of alot of these hacks in the field and get the industry back up to par a little
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post #6 of 19 (permalink) Old 06-25-2014, 08:59 PM
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i think all the new protocall and rules there pumping out will get rid of alot of these hacks in the field and get the industry back up to par a little
You gotta be kidding right? It will be the veterans who get out all together or leave the nationals for local realtors, investors, etc. Only the newbies and hacks will be willing to try this for these prices.



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post #7 of 19 (permalink) Old 06-25-2014, 09:08 PM Thread Starter
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give me an idea when u say this pricing?
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post #8 of 19 (permalink) Old 06-25-2014, 09:32 PM
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$12 lockset changes
$15 lock box
$6 padlock
$20 and below cubic yard - and then they try and cut you short from pics
$25 300 picture maid services

For us at least - an initial secure took hours due to the long list of bidding, most times changing one lock set. Then your long list of bids were spoon fed back to you 25-40 bucks at a time every 2-4 weeks. Each visit required re bidding, new pics and of course the free PCR.

We tried our best at using forms that could be copied and pasted for PCR's, pics that could be copied and pasted but you still had waayyy too much time in data entry / paper work per low dollar job - the jobs were becoming glorified trip charges and you supplied materials.

I capped wires or covered outlets one to many times right next to a broken window that had been that way for months.

It seemed there were some companies that had the laundry list of items that could be completed on site with no bids, we just never had enough volume with them to get into a groove so that employees knew what you could or could not do.

Diversify, spend time building other factions of your business and realize your time really is worth something.
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post #9 of 19 (permalink) Old 06-25-2014, 09:41 PM
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I think you are kidding yourselves with the hope that the pricing will come back.

The market price has been pushed into the toilet and will never come back. Look at some commodity prices:

Bulk road salt - I used to get it at 45/ton delivered not too many years ago, it's in the 80's now due to a shortage one year.

OSB - 10 years ago was dirt cheap - While one plant was down for maintainence, another one caught fire and all of a sudden there was a shortage - prices skyrocketed. There ain't no housing boom now, why is it still so high?
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post #10 of 19 (permalink) Old 06-25-2014, 09:41 PM Thread Starter
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those prices im assuming are from a regional and not a national?
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