Point me in the right direction? - REO Property Preservation Forum
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post #1 of 18 (permalink) Old 07-15-2015, 09:11 PM Thread Starter
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Point me in the right direction?

From reading the forums it seem there is a lot of bad companyís out there and I donít want to find myself in bed with one. Iím really struggling to find a company that does payouts in a timely manner. Iíve searched these forums for two weeks and canít find any good solid information on who pays out quick and actually will pay me for my time and work Most of what Iím finding is 30-45 days. I would like to find somewhere that actually pays out as fast as possible.
Iím currently working a factory job and want to get back to working for myself so bad I canít stand it. I already work for horrible pay so I really donít have a problem with most of the pay thatís listed here in the forums. As long as I know in working with a company who will actually send me the money!!! And forgot to mention in this post, Iím in northwest NC, (ASH)
Thanks for reading and for any information
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post #2 of 18 (permalink) Old 07-15-2015, 10:58 PM
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Welcome to the forum! As far as finding a good one that pays on time, we still looking to the point that we gave up and quit the industry. I can guaranty that you will not be able to stand this work way more than you do your current one.
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post #3 of 18 (permalink) Old 07-16-2015, 12:20 AM
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30 to 45 days is the norm, even longer on larger jobs if you work direct.

I sub a lot of work in NC and i pay mostly on a 30 day scale, but larger jobs the Nations i work with directly with will usually make me we wait 45 days out. I cases like that i will up front 1/2 the money on 30 days out and give you the rest when i get mine.

Seems to fine so far, keeps money in the guys pocket so they can keep on trucking. But that's not the norm in this industry. NFR would be a good start if you can get in the door? Just to be fair there is a line you will have to stand in, but they might pick you up as a back up contractor depending on your experience and location.

And you don't want to work for a guy like me, cuz this industry has made me old, mean and cranky. But your right working for myself does give me a woody!!!

Which reminds me of a quote: ďA man who procrastinates in his choosing will inevitably have his choice made for him by circumstance.Ē

But the advise these guys and girls give you is most valuable.

Good luck

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post #4 of 18 (permalink) Old 07-16-2015, 12:23 AM
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sorry but for some reason it posted 3 times..Ok i think its time sign off.
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post #5 of 18 (permalink) Old 07-17-2015, 03:06 PM
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You could reach out to local brokers and agents, they may pay quicker. Though many of them bill the bank and have to get paid first as well, so they often take a while to.

ASONS Construction however does pay right after the work is completed, or they were doing that last year. They might be a company to look into. Since they do pay fast, they do expect that work gets done fast and well so keep that in mind.

Honestly though, I would say to stay out of this industry. There are too many regs, too many competitors, too little pay, and payment often doesnt come for a very long time.

Business is supposed to help you feel as though you accomplished something, Property Preservation however does not provide that appeasement....
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post #6 of 18 (permalink) Old 07-18-2015, 07:04 AM
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People are going to wince and moan at this, but, go to Craigslist and type in foreclosure, then after applying to those put in property preservation. Apply to the ones who pay " 2 weeks per line item".

I'm new to this as well (at least as far as working with my own company) and got picked up by a regional company after 2 weeks of looking. There were so happy with my quality of work they paid me every few days for the first week.

Yes, I get paid crap compared to you old timers, but being new means starting at the bottom and making a name for yourself. It's all kind of perspective as well. I may make crap compared to others, but, from my point of view I make 3 times as much as I did driving a forklift in a warehouse and I have no Boss ordering me around either.

Make a list of what jobs you know how to do and what equipment you own /posses. You can find what's needed in those adds on craigslist.

Good Luck!
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post #7 of 18 (permalink) Old 07-22-2015, 11:02 PM Thread Starter
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I want to thank everyone for there input, and sorry I have read all the post but haven't had time to sit down and reply.
I have spoken with ASONS, I'm now a vendor with them, but of course no work in my area. "But they will let me know as soon as they have some" so, i really don't think that's going to pan out. I have also applied with NFR but not heard anything back as of yet.
Newbie, I agree with you. As i also work in a factory making only $13 an hour. However, i as you feel i can make much more if i just find a half way decent company. Do i want to do this the rest of my life? Prob not. But for now, i wouldn't mind getting out of this crappy warehouse and making a little more than i do now. Which i think can be done if i can get picked up by or find the right company to work for. I don't expect to get rich, as long as i get payed i'll be happy.
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post #8 of 18 (permalink) Old 07-23-2015, 02:33 AM
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Carter I don't the know your hours in the warehouse but i might have some grass cuts and other stuff you could do on the weekend if want. Your in Brunswick county right?

It would be a start if that's what your looking for. I don't know how much training you got under your belt, but we could help guide you along.

Send me a PM and i will put you in contact with my office.
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post #9 of 18 (permalink) Old 07-23-2015, 09:20 AM
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Quote:
Originally Posted by Newbie View Post
People are going to wince and moan at this, but, go to Craigslist and type in foreclosure, then after applying to those put in property preservation. Apply to the ones who pay " 2 weeks per line item".

I'm new to this as well (at least as far as working with my own company) and got picked up by a regional company after 2 weeks of looking. There were so happy with my quality of work they paid me every few days for the first week.

Yes, I get paid crap compared to you old timers, but being new means starting at the bottom and making a name for yourself. It's all kind of perspective as well. I may make crap compared to others, but, from my point of view I make 3 times as much as I did driving a forklift in a warehouse and I have no Boss ordering me around either.

Make a list of what jobs you know how to do and what equipment you own /posses. You can find what's needed in those adds on craigslist.

Good Luck!



Heres the thing.

Sure you MIGHT be "making" 3 times the hourly rate as before.
But after you take off all of your operating expenses like fuel, tires, maintenance, insurance, licenses etc etc................... even 3 times as much as before is not nearly enough.
And we haven't addressed major repairs, equipment replacement costs, payroll expenses etc.
If a newbie doesn't understand these numbers he'll soon be a newbie broke too.
Working for beer money will never grow a business.

Secondly, sure you are new and gotta make a name for yourself. Except that in P&P there is no room for advancement to that next level you seem to hope for.
The price lists pedaled are the same for the guy that doesn't know which end of his lawn mower is the starting side as they are for the guy with 30 years experience.

And yes you still have a boss that orders you around. Its just different.


Good luck

Professionals are people who can do their job when they don't feel like it.
Amateurs are people that can't do their job even when they do feel like it.
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post #10 of 18 (permalink) Old 07-23-2015, 11:59 AM
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The price lists pedaled are the same for the guy that doesn't know which end of his lawn mower is the starting side as they are for the guy with 30 years experience.

[/QUOTE]

The good part is you are now paid for what you do instead of how much time you spend at it. The clock moves too fast cause there are not enough hours in the day. It's a big difference from watching time crawl just dreaming about quittin time. The guys (and gals) who make it this biz are aggressive go getters.
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