Jobs a Plenty - REO Property Preservation Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 11 (permalink) Old 09-24-2014, 08:00 AM Thread Starter
Member
 
Join Date: Feb 2013
Posts: 90
Thanks: 1
Thanked 24 Times in 15 Posts
Jobs a Plenty

To those looking for work, here is an add in my local Craigslist. I was going to sign up but I am an honest guy and this is WAY to much to be paid...I mean I would be rolling in a Mercedes after a month of doing this work at this pay!

Mortgage Field Inspector (Cattaraugus County)
compensation: $5.00 per job, approximately 200-300 jobs per month, can complete around 50 jobs per day.
PROPERTY INSPECTORS NEEDED IN CATTARAUGUS COUNTY. CAN LEAD TO A SUBSTANTIAL AMOUNT OF WORK. GREAT PART TIME INCOME WITH FLEXIBLE HOURS.

I AM LOOKING FOR EXPERIENCED MORTGAGE FIELD SERVICE INSPECTORS BUT WILL TRAIN THE RIGHT PERSON. PAY IS FOR COMPLETED INSPECTION ON PROPERTIES IN FORECLOSURE, BANKRUPTCY OR OTHER DISTRESSED SITUATIONS. YOU ARE GIVEN ASSIGNMENTS IN YOUR GEOGRAPHIC AREA OF COVERAGE. REPORTS MUST BE ACCURATE, REQUIRE PHOTOS AND MUST BE DONE WITHIN GIVEN TIME FRAMES. YOU MUST HAVE HIGH SPEED INTERNET ACCESS, AND A SMARTPHONE PLEASE SEND A BRIEF NOTE OR RESUME TO THIS POSTING.

****Must be organized and dependable, have a reliable vehicle, and be willing to drive in all weather, smart phone, laptop, and high speed internet needed****

$5.00 per job, approximately 200-300 jobs per month, can complete around 50 jobs per day.

NEED WHOLE AREA OF CATTAURAUGUS COUNTY COVERED.

IT IS PREFERABLE THAT YOU LIVE IN THESE AREAS SO YOU DON'T HAVE TO TRAVEL TO GET TO YOUR TERRITORY!!
Principals only. Recruiters, please don't contact this j
adorler is offline  
Sponsored Links
Advertisement
 
post #2 of 11 (permalink) Old 09-24-2014, 08:13 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
Here is your first assignment.
Please photo all 4 sides of the property, house number, street address and any damages or hazards. Make contact with the owner and have them call 1-800-deadbeat on your cell phone and in your presence. Hand them all included documents and photo homeowner. Documents must be signed to be paid. $5 to be mailed out within 30-45 days of submission.

GTX63 is offline  
The Following 2 Users Say Thank You to GTX63 For This Useful Post:
AAA inspector (10-04-2014), Coos-NH (09-24-2014)
post #3 of 11 (permalink) Old 09-24-2014, 06:25 PM
Low quality low cost
 
Craigslist Hack's Avatar
 
Join Date: Jun 2012
Location: Every city
Posts: 2,337
Thanks: 695
Thanked 1,687 Times in 846 Posts
$1,500.00 a month is KILLING IT!

Floyd Money Mayweather better lookout!
Craigslist Hack is offline  
Sponsored Links
Advertisement
 
post #4 of 11 (permalink) Old 09-24-2014, 09:51 PM
Senior Member
 
STARBABY's Avatar
 
Join Date: Apr 2012
Location: kentucky
Posts: 681
Thanks: 582
Thanked 197 Times in 137 Posts
can complete 50 jobs a day! wow!
STARBABY is offline  
post #5 of 11 (permalink) Old 09-24-2014, 10:16 PM
Senior Member
 
Join Date: Nov 2013
Location: Mississippi
Posts: 157
Thanks: 1
Thanked 52 Times in 33 Posts
The PP guys on this site make many posts about this and it has me scratching my head.

Sure the $5 rate is on the low side. But compared to the rates in PP, $5 inspections are IMO, BY FAR, the better choice. $1500 month. A month in which you work the equivalent of 6 days. So really its $1500 a week for going around taking pics. No truck to stock, no tools, no calling, no labor, etc...

Personally, depending on the area and the inspection type, I can make a $5 inspection work. I have certain areas where I can complete up to 10 inspections an hour. Some areas I can get 6-7 completed an hour. In the areas where I can do 10 an hour, I could make $5 work.

Currently, my lowest contract is for $6. Its in the city, and I only cover 2 zip codes that neighbor each other. This is an area I and can do 10 an hour. About 85% are simple drive bys, 10% require contact to simply hand the occupant a letter and ask a few questions or just leave letter taped to door, and maybe 5% are Vacants which are paid at a higher rate. Its been pretty profitable. Could it be better? Sure. But its something I can make work.


IMO, considering the state of this industry, inspections are the only things worth considering. I wouldnt even consider signing the PP contracts I see being offered. If you're someone who gets your PP work outside of the National/regional set up, then I can understand your dismay about the $5 inspection. However, if you're someone getting your PP work out of the National/Regional order mill, I would really re-think your views on the inspections side of the business.
Trey9007 is offline  
post #6 of 11 (permalink) Old 09-25-2014, 05:23 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 Trey9007 View Post
Sure the $5 rate is on the low side. But compared to the rates in PP, $5 inspections are IMO, BY FAR, the better choice.

Could it be better? Sure. But its something I can make work.

If you're someone who gets your PP work outside of the National/regional set up, then I can understand your dismay about the $5 inspection. However, if you're someone getting your PP work out of the National/Regional order mill, I would really re-think your views on the inspections side of the business.

I'll preface by saying if you can make it work and pay bills, God bless.

$5 inspections are not on the low side, they are beneath rock bottom.
Typical open market inspections range from $35 to $350. I know this first hand. So do the order mills, it is on the invoices they submit to their clients.
To be offended because posters are critical of regional inspection rates and requirements is to ignore the truth about what they are doing.

Comparing inspection rates to preservation rates is apples to oranges. They both stink but it is a different field. The only similarity is in the method they use to solicit.
I could advertise for painters at $60 per room. I'd get warm bodies to show up. Some would gripe but they would stay. The ones with talent would soon realize they should be on their own making real money and beat it. Regional inspections won't be a cradle to grave career, so why limit yourself to regionals? You should be taking your skills to the clients that pay you what you are worth.
GTX63 is offline  
post #7 of 11 (permalink) Old 09-25-2014, 06:56 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 Trey9007 View Post
The PP guys on this site make many posts about this and it has me scratching my head.

Sure the $5 rate is on the low side. But compared to the rates in PP, $5 inspections are IMO, BY FAR, the better choice. $1500 month. A month in which you work the equivalent of 6 days. So really its $1500 a week for going around taking pics. No truck to stock, no tools, no calling, no labor, etc...
But why? What value do you place on your time?

Counting my labor and company profit, I pull in $1000 to $1500 per DAY doing roofing. Is there the holy grail of volume, like inspections? No. Do I care? Not in the least. I'd much rather spend 4 days a month roofing and the rest watching TV then driving all over the place doing inspections.

My second best business decision was getting out of the P&P rat race. I know what my earning potential is and I do not sell my self short. It's a hell of a lot higher than a $5 dollar inspection.

The last inspection I did was for a reverse mortgage. Took 45 minutes to inspect the attic, insulation, flashings and roof. Spent 1 hour on the computer typing the report. Paid $135, 7 days net.



BRADSConst is offline  
post #8 of 11 (permalink) Old 09-25-2014, 07:26 AM
Senior Member
 
Join Date: Nov 2013
Location: Mississippi
Posts: 157
Thanks: 1
Thanked 52 Times in 33 Posts
Quote:
Originally Posted by GTX63 View Post
I'll preface by saying if you can make it work and pay bills, God bless.

$5 inspections are not on the low side, they are beneath rock bottom.
Typical open market inspections range from $35 to $350. I know this first hand. So do the order mills, it is on the invoices they submit to their clients.
To be offended because posters are critical of regional inspection rates and requirements is to ignore the truth about what they are doing.

Comparing inspection rates to preservation rates is apples to oranges. They both stink but it is a different field. The only similarity is in the method they use to solicit.
I could advertise for painters at $60 per room. I'd get warm bodies to show up. Some would gripe but they would stay. The ones with talent would soon realize they should be on their own making real money and beat it. Regional inspections won't be a cradle to grave career, so why limit yourself to regionals? You should be taking your skills to the clients that pay you what you are worth.
First off, Im not offended because people are critical of regional inspection rates. What I said is that some of the comments I read, have me scratching my head. Not upset. Confused.

I disagree when you say comparing PP and inspection rates, is like comparing apples oranges. IMO it all boils down to profit. I personally see more profit on the inspection side than the PP side. IMO the PP guys are just about paying the regionals to do their work. I do agree regional inspections isnt a cradle to the grave career. But neither is regional PP work. I don't limit myself to regionals. Actually 2 of my 3 clients are nationals. Im always looking for new streams of revenue The inspections I do and the kind the OP has posted don't really take any skill. They are just occupancy checks. If some one was to acquire 3 contracts similar to the one in the OP, depending on where he/she lives, one could do pretty good.
Trey9007 is offline  
post #9 of 11 (permalink) Old 09-25-2014, 07:57 AM
Senior Member
 
Join Date: Nov 2013
Location: Mississippi
Posts: 157
Thanks: 1
Thanked 52 Times in 33 Posts
Quote:
Originally Posted by BRADSConst View Post
But why? What value do you place on your time?

Counting my labor and company profit, I pull in $1000 to $1500 per DAY doing roofing. Is there the holy grail of volume, like inspections? No. Do I care? Not in the least. I'd much rather spend 4 days a month roofing and the rest watching TV then driving all over the place doing inspections.

My second best business decision was getting out of the P&P rat race. I know what my earning potential is and I do not sell my self short. It's a hell of a lot higher than a $5 dollar inspection.

The last inspection I did was for a reverse mortgage. Took 45 minutes to inspect the attic, insulation, flashings and roof. Spent 1 hour on the computer typing the report. Paid $135, 7 days net.
If you notice, my comments were specifically geared towards PP guys who get their work from the National/Regional order mill.

Im not a PP/roofing/home improvement/construction guy. Those things, when done correctly, require certain skill sets, and that's what has me scratching my head. The skills one must (or at least should) have to perform PP work is MUCH greater than the skills needed to perform occupancy check inspection. But when you compare the profitability of the two, within the Natational/Regional order mill, the profits doing inspections are MUCH higher.

Im not sure what kind of inspections you were doing that take 45 mins. But the inspections Im referring to are simple occupancy checks that take 3-4 minutes top. Maybe 7-8 mins when doing interior/exterior.

You said it took you 1 hour and 45 mins to complete your last inspections. After adding 15 min drive time lets say it was a total of 2 hours for $135. Thats roughly $67/hr. Im assuming you needed a ladder, a larger gas consuming vehicle that can transport a ladder, maybe even a few small tools or meters to test the structural integrity, and not to mention the skill set. Compare that to $40-$50/hr doing simple occupancy checks, that take basically no special skills, a smart phone or camera, and can be performed using a simple 4 cyl car.

I have never said that the $5 inspection or its volume was the holy grail. My only point is that if you're doing PP work that originates from the order mill, under certain circumstances, you are better off doing the $5 inspection.
Trey9007 is offline  
post #10 of 11 (permalink) Old 09-25-2014, 12:17 PM
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
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.
GTX63 is offline  
The Following 2 Users Say Thank You to GTX63 For This Useful Post:
AAA inspector (10-04-2014), BamaPPC (09-25-2014)
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