large and small rent to own or leasing firms - REO Property Preservation Forum
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post #1 of 15 (permalink) Old 10-31-2014, 09:13 PM Thread Starter
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large and small rent to own or leasing firms

found that a lot of rent to own or leasing firms have been a lot easier to work for, pay is faster. no stupid 100 page qc and pay is 10000000 times better. but the work has to be quality as they have in house inspectors going to check everything the day youre done. just painted 3456 sq ft of wall and ceiling, 680 lf of base and trim, cleaned the home and replaced all light bulbs $6250, took 2 guys 2 days with sprayer and back rolling everything.. anyone else switch to this instead of pp work... you can find a lot of firms in the state you live in if people would rather rent then buy and the 3 firms im with all reimburse for materials.. have at it people start looking for it and let the regionals and nats go down the drain along with the chargebacks, no pay, excuses to return to property 100 times, being asked to do shady work, low pay, no late nights at the computer, and having to deal with out of state firms, and anything else everyone hates... start making what youre worth you deserve it.. get some of your life back and not be forced to work 7 days a week when you don't want to.. its your business take it back!!
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post #2 of 15 (permalink) Old 11-04-2014, 06:51 AM
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we acually just started this in my area, rehabs, and yes its way better money, and the one we go thru supplies the materials, you just have to pic them up and we did a whole home carpet, paint, appliances, fixtures, 7 days but it was just me an my hubby and they giv you 25% for start up!
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post #3 of 15 (permalink) Old 11-04-2014, 07:48 AM
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I would love to know more...Leasing firms? rent to own? Are you talking about rental/management Co's?
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post #4 of 15 (permalink) Old 11-04-2014, 08:00 AM
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Originally Posted by garylaps View Post
I would love to know more...Leasing firms? rent to own? Are you talking about rental/management Co's?
Altisource has a rental rehab program, and yes rentals and leasing firms, your local rental /leasing companies, landlord/rental association. Some realtors also have rental/leasing depts. also
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post #5 of 15 (permalink) Old 11-04-2014, 08:13 AM
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Originally Posted by lakeshore67 View Post
Altisource has a rental rehab program, and yes rentals and leasing firms, your local rental /leasing companies, landlord/rental association. Some realtors also have rental/leasing depts. also
Forgot to mention that you can also go to your local fire dept, and ask to be listed as a contractor to do board ups after a fire, we do this also as my hubby is capt of the fire dept the pay is nice for this also, but may have some terrible hours lol....
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post #6 of 15 (permalink) Old 11-05-2014, 08:18 AM
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Quote:
Originally Posted by lakeshore67 View Post
Altisource has a rental rehab program, and yes rentals and leasing firms, your local rental /leasing companies, landlord/rental association. Some realtors also have rental/leasing depts. also
Are you part of the Altisource program? If so, did you sign the contract or were you able to negotiate it?

They've been trying for months to onboard me. I told them I'm not signing their contract. It is so lopsided it reminds of the regional P&P crap contracts. I told them no general contractor in their right mind would sign that thing.......



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post #7 of 15 (permalink) Old 11-06-2014, 01:50 AM
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At least you read it...so many do not read the contract they sign.
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post #8 of 15 (permalink) Old 11-06-2014, 07:42 AM
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Originally Posted by BRADSConst View Post
Are you part of the Altisource program? If so, did you sign the contract or were you able to negotiate it?

They've been trying for months to onboard me. I told them I'm not signing their contract. It is so lopsided it reminds of the regional P&P crap contracts. I told them no general contractor in their right mind would sign that thing.......
I didnot have to sign there P&P contract its a whole differant Department, The rental dept. The homes they are rehabing are for renting out, and they have minor blemmishes, no major repair, paint, carpet, tile, fixtures, etc. Majority of supplies are ordered & pd by them thru, sherwin williams, an lowes, and sears.. You pic up, appliances they have delivered, and they give you 25% up front to start, but require you to report progress daily, and a QC will also show up an ck on you, pay is nice and is alot faster also, took 9 days to complete, 10 days later we were paid 6993$ in full..and got the ck from fed ex

Last edited by lakeshore67; 11-06-2014 at 07:45 AM. Reason: forgot fed ex
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post #9 of 15 (permalink) Old 11-06-2014, 09:05 AM
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Quote:
Originally Posted by lakeshore67 View Post
I didnot have to sign there P&P contract its a whole differant Department, The rental dept. The homes they are rehabing are for renting out, and they have minor blemmishes, no major repair, paint, carpet, tile, fixtures, etc. Majority of supplies are ordered & pd by them thru, sherwin williams, an lowes, and sears.. You pic up, appliances they have delivered, and they give you 25% up front to start, but require you to report progress daily, and a QC will also show up an ck on you, pay is nice and is alot faster also, took 9 days to complete, 10 days later we were paid 6993$ in full..and got the ck from fed ex
I wasn't talking about P&P. I was specifically asking about the rent/rehab program.

Back to my original question. Did you sign the crappy contract or were you able to negotiate it?



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post #10 of 15 (permalink) Old 11-06-2014, 09:09 AM
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Originally Posted by Field Audit Services LLC View Post
At least you read it...so many do not read the contract they sign.
I did more than just read it, I red lined through all the BS that was listed in there to screw me over. Had a few calls and emails with their legal department telling me I was wrong, and their contract is non-negotiable. I politely told him "than you really don't need my services do you."

About every 4-5 weeks it shows back up in email box asking if I'm now ready to sign it. Answer is still Hell no.




Last edited by BRADSConst; 11-06-2014 at 09:13 AM.
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