Join Date: May 2015
Location: Fort Collins, CO
Thanked 18 Times in 14 Posts
Why are you still in Property Preservation?
After 7 years of Property Preservation work, and getting out due to growing compliance laws, increasing entry costs, decreasing compensation, increased competition, and increasing payment timelines, I was curious to know what reasons people may have for staying in the industry?
There are certainly market cycles in every industry, this industry in particular has a market cycle that is opposite to the standard Macro-Market Cycle. As the economy improves, this industry will destabilize. We are currently in a destabilized period, and if people can make it through this cycle, they may certainly profit from it.
Though, for those that are not diversified companies, and have their meat and potatoes in property preservation, out of curiosity, what has kept you primarily focused on this industry?