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post #21 of 254 (permalink) Old 02-12-2012, 08:59 PM
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I do not understand why someone would want to work for a national? All I ever seem to hear is negative remarks regarding them. All we work for is the real estate agent. I have never had a charge back, never not been paid, never had a bid cut, never had an invoice reduced. I have however had several of our agents tell us that they use us because of other companies inability to complete the work in a workman like manner, timely manner, or not being able to get them to correct something once they have been paid. I like agents. They are easy to get a hold of, have a vested interest in each property you are working on, I have met each one personally, and if I ever needed to, I could drive to their office. Im not giving any of them a discount, or 20% fee. We do nearly everything from the initial eviction, all the way through the close of escrow. All the basic initial items (trahsout, yard, janitorial), all the marketing items (paint, flooring, appliances etc...), and most of the escrow items (roof issues, leins issues, fences etc...)
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post #22 of 254 (permalink) Old 02-12-2012, 09:02 PM
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You know why not every one can work for agents.

Some banks ONLY use the nats.

Ask your agent how many contractors such as yourself they use.
The answer is likely to be 1 or 2.


Believe me I've tried to break into it here. Apparently some one else is doing an acceptable job for a price they like. This has often been repeated across this forum.
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post #23 of 254 (permalink) Old 02-13-2012, 12:29 AM
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Quote:
Originally Posted by Beverly S
And it is REO allegiance not REO alliance.
Got me there...I forgot to add "eg." Damn.

Quote:
Originally Posted by Beverly S
pehaps
Looks like you for got a letter.


Quote:
Originally Posted by Beverly S
I am giving FREE information, exactly what are you doing to help all these contractors????
Anytime I post something on this forum about an experience I had (good/bad) is free information for another contractor to use. It's not much but it is, at least, true and relevant to today's industry.

Quote:
Originally Posted by Beverly S
What is your reason for NOT wanting anyone to know information that could help them?
In my opinion, I do not think you are helping.

I think you are using your "previous connections" to various entities and saying "lets all band together" is similar to smoke and mirror advertisements.

As BPWY says, I think you are trying to help but your information is too far in the past to be relevant. If you don't believe me, try to sign up with all those companies you listed today and see what the situation is like--then come and preach.

In the mean time, I'm in the field...simultaneously busting and covering my a$$.

My real and honest questions to you:

If you have "retired" and made your money, why are you writing a book that will, in the end, bring in more competition and more unqualified contractors to an already saturated market about an industry that you are no longer active?

And why now?

Where a have you been the last 5 years when the situation started to go down hill?

Finally, why do you care?
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post #24 of 254 (permalink) Old 02-13-2012, 11:47 AM
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Quote:
Originally Posted by BPWY
You know why not every one can work for agents.

Some banks ONLY use the nats.

Ask your agent how many contractors such as yourself they use.
The answer is likely to be 1 or 2.


Believe me I've tried to break into it here. Apparently some one else is doing an acceptable job for a price they like. This has often been repeated across this forum.
Which banks only use nationals? We have done a ton of work for Litton, OCWEN, WF, and BAC. Just completed a job through GMAC, have had a few that the property was managed by cyprexx, and altisource (but we were not working for them). All of the agents are required to get 2-3 bids on jobs over $500. We have one agent that splits it up between us and another company (I dont know if I could handle all of their workload anyways), and the other agents primarily use us (unless its a HD ERA house). We started with one agent in 2006, and have recieved all of the rest of our work through references. However, I must say that as of lately, about 50% of our work has been working with title companies, rehab on rentals, or working with investors on flips.

I dont think price matters to agents, its more the reliability, and ability to contact you at any time. Obviously it needs to be competitive, but it doesnt have to be priced so low that you cannot make a living. Im not familiar with your area, and the mindset of the agents there though, so I guess I cannot comment specifically in that regard. If you are going to get the agents, go after the big hitters. The ones that are "in it to win it". The hacks will send you running bids all day, because they dont know the actual industry. The big hitters will know the ways to actually get you the job, and not have you running bids all over the state for a job that will go to HD.
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post #25 of 254 (permalink) Old 02-13-2012, 12:45 PM
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I have already written a book in 2009 and it was telling all the contractors what was happening and how bad it was going to be. (Of course people never believe it will just get worse). At any rate I had outlined it exactly and what I then predicted is here now.
I am writing a second book to try to get everyone to understand why it is the way it is.
All of you may think you KNOW this industry, but unless you have been a broker, a contractor and started out with these banks and managers, you have NO idea what you are really into.
I talk with these companies and every single day, they ask me to come back to the industry. I would have NO problem getting contracts with the M & M's. I don't want them!!! Not me, I am smart enough to not be on that firing squad.
Clean sweep REO, you are actually way ahead of everyone else on this forum. YOU SIR have the big picture! You are correct working with a Realtor is your best move because those properties have already been to auction, they are being listed and they will be sold, so you get the work and get it done, get paid, the Realtor gets to show and sell and everyone is happy. The banks trust the Realtors and have for years.

What everyone does not know is that in the beginning it was the Realtors who hired contractors and got the property ready through local labor. Then the foreclosure dam broke and management companies became overwhelmed., soon everyone and their brother was suddenly a P & P contractor. Half of whom did not even know how much pressurized air to blow through pipes when they winterize a property.

If all the contractors would just work for REALTORS or local BANKS, they would fair so much better, but again that greed factor is going to continue to ruin them and the companies.

My book will not in any way bring in new " victims" in fact just like my first book it will most likely discourage new contractors. because I tell it like it is and I name names.
If anyone knows how bad this industry really has become, it is I.

Why do you think I sold out and retired when I did?
Like a few others we saw the handwriting on the wall, we saw " know it all contractors" coming into the industry who you could not tell anything because they were going to make a killing in this P & P work. i saw brothers, brother in laws, anyone with a truck and trailer, carting personals out of houses and selling them on craigslist. Yes, that is one of the things that ruined this industry. The morals, the values and the work ethics were devoid of all these "NEW " contractors we saw coming in.
I made my money, the industry was good to me, in addition I am an expert witness in this industry and you know here is the biggest thing that all of you need to look at.
The banks aren't getting sued, at best they get a slap on the wrist, they have Merrill Lynch behind them! The nationals and sub companies are not getting sued. They make the contractors sign a contracts making the contractor liable.
The contractors are getting sued, that is who is left holding this bag of crap from this industry. That's right from the guy with a serious business he has busted his ass to build all the way down to the guy with a pair of channel locks and bailing wire and he thinks that makes him a contractor.
I am only trying to steer people in the right direction to get out of the firing line. There are millions of home owners who have lost their homes, and they are angry, then there are legal eagles who can turn a profit off of that anger, that formula spells out that a whole lot of contractors are going to lose, big.
If all of you think you know more than some of us who have been through this war, hey, have at it and good luck, because you will certainly need it.
I apologise if I ruffled some feathers and I will not offer any more advice. If everyone does not mind I will just sit back and read the various posts, so i can stay up to date on the no pay companies.
post #26 of 254 (permalink) Old 02-13-2012, 01:00 PM
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Beverly S,

Post a link to your book. I am curious.

Is this you?
http://www.linkedin.com/pub/beverly-s/7/37/291
post #27 of 254 (permalink) Old 02-13-2012, 02:10 PM
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No , that lady is in Wisconsin I am in St. Louis. Furthermore I have not and will not work for a bank.
I would love to post the link to my book but the moderators will not allow it. They even deleted the name of my book. and warned me that it would be advertising so I am not allowed to post it.
post #28 of 254 (permalink) Old 02-13-2012, 02:11 PM
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I can however give you ahint. it has dirty and secrets in the tittle.
post #29 of 254 (permalink) Old 02-14-2012, 09:47 AM
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I have to admit, you may be right about these companies. Now I am curious, I want to know why??? Why are they cheating contractors?? Greed is not an excuse nor a good reason, greed is an affliction of a dysfunctional personality.

Being on this forum is a good thing, I am learning of some very interesting issues. Now my thoughts are turning to the concept, of helping the contractor by exposing and hopefully hurting the companies that cheat contractors.
We have to remember they too are regulated by HUD and the government.
I want to find evidence of all that they do so I can use it to either shut them down or slow them down because realistically they will get slaps on the wrist just like banks do. This country unfortunately is built on the real golden rulel and that is " The guy with the gold gets to make the rules".

How can I expose them?? Any ideas?? hmmmm. Let me talk to the attorneys I have been working with maybe we can turn this on them.....
post #30 of 254 (permalink) Old 02-14-2012, 10:12 AM
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Quote:
Originally Posted by Beverly S
This country unfortunately is built on the real golden rulel and that is " The guy with the gold gets to make the rules" .
That so TRUE

Money TALK BULL [email protected] WALK
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