Taking your skills to make a living - REO Property Preservation Forum
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post #1 of 19 (permalink) Old 09-09-2012, 10:03 PM
FremontREO
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Taking your skills to make a living

The P&P Industry has given us a broad base of general knowledge. Use this to your advantage!

For us we do restoration and insurance adjusting...ie Fire/Water/Mold/Drying and those dang Insurance Companies. Yes there is a lot of schooling to get your certifications/licensing but it affords the contractor other avenues to earn a good living.

How many of us have tarped a roof? All of us...duh....but why don't you go tarp a fire damaged roof and make $2500 in 4 hours? Its out there folks...you just have to have the ambition to get it! Did 1 today. Yes P3 you will get a call on Tuesday for rebuild

Here is a couple pics. Enjoy and get out there and earn a good decent income. Any questions? I can help. I'm tired of listening to the complaining
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post #2 of 19 (permalink) Old 09-10-2012, 04:36 AM
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Absolutley. I would tell the same thing to all of the NGs here who talk about banding together against these nationals, which will never happen. If you want to make a difference, go use your skills in the private market. More money, more dignity, and the chance to grow your business.
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post #3 of 19 (permalink) Old 09-10-2012, 02:53 PM
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Quote:
Originally Posted by FremontREO
The P&P Industry has given us a broad base of general knowledge. Use this to your advantage!

For us we do restoration and insurance adjusting...ie Fire/Water/Mold/Drying and those dang Insurance Companies. Yes there is a lot of schooling to get your certifications/licensing but it affords the contractor other avenues to earn a good living.

How many of us have tarped a roof? All of us...duh....but why don't you go tarp a fire damaged roof and make $2500 in 4 hours? Its out there folks...you just have to have the ambition to get it! Did 1 today. Yes P3 you will get a call on Tuesday for rebuild

Here is a couple pics. Enjoy and get out there and earn a good decent income. Any questions? I can help. I'm tired of listening to the complaining
Best post i have read on here in along time. AS i have been in the reo preservation industry for 6 years. I just started to understand this and have started to obtain these same types of jobs. Fire board ups and roof tarps. Along with insurance pump outs. The money is still there just have to seek it from diffrent sources. We just did a 2800.00 pump out that only included pumping the basement, and running 2 commercial dehumidifiers for 2 days for an insurance company. much better than what fas/safeguard would have paid.
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post #4 of 19 (permalink) Old 09-10-2012, 06:00 PM
SRT-Diesel
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How do we sign up with these companies?
post #5 of 19 (permalink) Old 09-10-2012, 09:45 PM
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You don't "sign up".... Listen to a police scanner and chase them. Emergency mitigation is big bucks. Have an ironclad contract that states for "emergency services only" UNLESS you want to be in the Insurance Repair field then you need to be certified and appropriately insured. You bill directly to the Insurance Company. They will ask for your CGL, Tax ID# and your invoice.
post #6 of 19 (permalink) Old 09-10-2012, 11:09 PM
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So I stand on the sideline while someone's house is on fire and tell them I'm there to do the boarding? Hmmm
post #7 of 19 (permalink) Old 09-10-2012, 11:21 PM
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Originally Posted by SRT-Diesel
So I stand on the sideline while someone's house is on fire and tell them I'm there to do the boarding? Hmmm
No. PM Fremont. He will tell you the process. Get your certification, insurance and training. You'd be fine. He helped me big time when my house flooded.
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post #8 of 19 (permalink) Old 09-10-2012, 11:24 PM
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So you sign a contract with the HO immediately after the incident, and the insurance CO pays based on that contract? Do you ever get pushback from the insurance CO like you would on repairs?
post #9 of 19 (permalink) Old 09-11-2012, 06:40 AM
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Quote:
Originally Posted by FremontREO
You don't "sign up".... Listen to a police scanner and chase them. Emergency mitigation is big bucks. Have an ironclad contract that states for "emergency services only" UNLESS you want to be in the Insurance Repair field then you need to be certified and appropriately insured. You bill directly to the Insurance Company. They will ask for your CGL, Tax ID# and your invoice.
A whole new breed of "ambulance chasers" may be born. I can see it all now. Guy gets all crispy and is being taken to hospital, immediately behind the ambulance is the lawyer, soon followed by the guy in the duct tape truck ready to board up.
Seriously though it is a good thing to get into. We have done a few Emergency Mitigation services in the past, friend works at the local insurance agency. Guess who they call at all hours for the crazy stuff.
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post #10 of 19 (permalink) Old 09-12-2012, 11:26 PM
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Originally Posted by EmmCeeDee
So you sign a contract with the HO immediately after the incident, and the insurance CO pays based on that contract? Do you ever get pushback from the insurance CO like you would on repairs?
No pushback at all. Remember the homeowner is responsible to "protect the asset" for the insurance company and the mortgage holder. The Policy does pay for this. Normally....I say normally loosely, the deductible is not withheld from the emergency mitigation services.

OK as far as ambulance chasing....Yep I've chased a few in my day and I'll tell you the homeowners are happy to have "anyone" help them in their time of need. Remember the Golden Rule! If you have no compassion for the family that just had a catastrophe then this would not be for you. Truthfully....not 1 of our crews don't have to turn their head to wipe an eye now and then.....especially those with Children.

There is a lot a crew can do to help. Remember this is for the boarding/tarping only. The other emergency services need to be completed by trained and certified contractors such as the Odor Control, Structural Drying, Extraction, Content Mitigation and the ultimate rebuild. We do all these services except rebuild just recently added to the job description.

There are ways to get this work without the "chasing"...... You just got to know how and with whom you need to "hook up" with.

OK got to get to work
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