Newbies trying to be a business owner. - REO Property Preservation Forum
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post #1 of 62 (permalink) Old 08-08-2012, 04:53 PM Thread Starter
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Newbies trying to be a business owner.

Fueling up a few minutes ago and this guy walks up to me and asks if I'd like to cut some lawns for him after looking at our equipment.

I looked at his 1995 Toyota SR5, home lite hand held blower, curved shaft weed eater and his toro lawn mower. I said no not really. Too busy. He said he's just landed on a gold mine making $25 a recut on bank owned homes. It's fun and I get to take photos.

Normally I wouldn't say anything but since I'm in a caring mood. I schooled him for a few minutes and showed him what the siblings are paying me for recuts, 3 times what he gets them for. He said he's just doing things till the union painting jobs pick back up so he can get his $68 per hour back. LOL

I
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post #2 of 62 (permalink) Old 08-08-2012, 05:21 PM
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Everybody starts somewhere. I give him credit for trying
post #3 of 62 (permalink) Old 08-08-2012, 05:33 PM Thread Starter
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Everybody starts somewhere. I give him credit for trying
So do I. I just don't like seeing people being taken advantage of.
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post #4 of 62 (permalink) Old 08-08-2012, 05:55 PM
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Originally Posted by thanohano44

So do I. I just don't like seeing people being taken advantage of.
I say let them fail. If people are too stupid to realize they are screwing themselves let them. More work for me to clean up later.
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post #5 of 62 (permalink) Old 08-08-2012, 07:30 PM
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No one ever succeeded without some temporary defeat. Everyone has failed on the way to their goals at some point. I wouldn't say they are stupid I would say they are determined.

I started with a bolens lawn tractor and homelite **** as well. Now? Custom built trailers and trucks. All cash no financing.
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post #6 of 62 (permalink) Old 08-08-2012, 07:58 PM
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Friend of mine started out with a Ford Ranger, pushmower, weedeater and hand tools. This is his website http://voltlandscaping.com/index.cfm
He employs at least 30 men, has 4 F-350 4X4 1-ton dumps, couple Kodiaks, all salesmen drive Ford Rangers for estimates, numerous enclosed trailers, dump trailers, landscaping trailers, several bobcats, couple mini-ex's, loaders, backhoes and several tandems. All Rob does is drive around giving estimates, checking on jobs and making deals on real estate. He has gotten into buying apartment complexes, rental homes and other real estate investments.
post #7 of 62 (permalink) Old 08-08-2012, 08:26 PM Thread Starter
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Originally Posted by oteroproperties
No one ever succeeded without some temporary defeat. Everyone has failed on the way to their goals at some point. I wouldn't say they are stupid I would say they are determined.

I started with a bolens lawn tractor and homelite **** as well. Now? Custom built trailers and trucks. All cash no financing.
While that is true. I also know this fellow is headed for doom at $25 a cut. When I started I was getting $125 initial minimums and $65 recurs from FAS. Operating costs at this time are much higher than it was in 2003.

I could see this man was a hard worker. He had his wife and 4 year old in the truck on his way to do a job. He isn't insured and is an accident waiting to happen. I think I did the right thing. The tools he had wouldn't last 3 weeks. Most who have never run a business or have done this for a living don't know the difference between home light and echo. I did my part to ensure this father and husband isn't taken advantage of.
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post #8 of 62 (permalink) Old 08-08-2012, 08:43 PM
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Im with ya. I see them sometimes and I think the same thing but i don't know their circumstances so I try to give them the benefit of the doubt. It's just a more compassionate way of thinking.
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post #9 of 62 (permalink) Old 08-08-2012, 11:22 PM
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I think you did the right thing.
post #10 of 62 (permalink) Old 08-08-2012, 11:43 PM
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Why is it we all seem to know EX-P&P contractors who have lost their families/homes/trucks/equipment because they invested most of their livelyhood in the P&P dream?

We all know why and these service companies don't care! I had the very same experience at the gas pumps Monday but this guy lost it ALL when the HUD company changed hands and never paid the last 60-90 days worth of invoices.
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