Join Date: Apr 2012
Location: Your House Soon...Soon
Thanked 2,249 Times in 1,094 Posts
Unlike other contracting forums, ie drywall, plumbing, flatwork, etc, Preservation Talk does not focus on expanding or stretching out the long term benefit of being a PP/REO contractor. I, as many of the other posters, are here to help protect subs from the industry. By restricting mortgage field services to a portion of my biz, I control it.
I can complete a $250 PCR direct for a client in a few hours. Yes, I'll need a ladder, truck, etc. Those are tools that provide opportunities for bigger and better. If you are doing only drive bys and brief interior inspections, then yes, maybe you can get by with a camera and a fuel efficient car. Since you have discovered how to maximize a return on a $5 inspection, you become exactly what the regional is looking for, and unfortunately, why rates are so low in your field. Are you worth only $5 for what you are providing the client? If you believe so, then there isn't much more to say. If you think not, then why are you holding yourself back and pushing the inspection industry down?
I'm not a union guy but I am a capitalist, however, turn your circumstances around. If you had lenders paying you $75 to complete an interior inspection, what would you feel is a reasonable compensation? For less than one tenth of the amount, what type of help would you generally expect to get?
In the open market, you set your own value. Here, Safeguard tells you what you are worth, take it or leave it. With the experience you already have, you should easily be able to market yourself and make the same money and more doing 10 inspections or less per day.
The photo above is funny because it is true, and happens all the time.