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post #1 of 32 (permalink) Old 09-12-2012, 06:53 PM
kingman
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Property Preservation

Hello Everyone,

I am a new contractor in the property preservation business. Would like to hear from other new guys and ask what has been most difficult for you in getting into this business. (besides not being paid on time!) Thanks everybody!
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post #2 of 32 (permalink) Old 09-12-2012, 10:39 PM
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Quote:
Originally Posted by kingman
Hello Everyone,

I am a new contractor in the property preservation business. Would like to hear from other new guys and ask what has been most difficult for you in getting into this business. (besides not being paid on time!) Thanks everybody!
Go ahead and place an introduction first, tell us a little about yourself and your operation.
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post #3 of 32 (permalink) Old 09-12-2012, 11:00 PM
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I just started doing property preservation on foreclosed homes. I am doing this on my own with 0 employees right now. I used to do maintenance for a 300 apartment complex. The thing I am struggling with right now is all the photos that are required. The company I am contracted with is Asterisk.
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post #4 of 32 (permalink) Old 09-13-2012, 09:07 AM
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Welcome to the site, there are a lot of hours worth of reading here for your enjoyment.

Good luck on being a newb in this industry. Its not for the faint of heart.
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post #5 of 32 (permalink) Old 09-13-2012, 06:51 PM
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Thank you.
post #6 of 32 (permalink) Old 09-13-2012, 09:44 PM
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Originally Posted by kingman
Thank you.
I'm sure you have the nuts an bolts with mechanical ability...Now you need a course in "the ridiculous" Remember you wanna get paid for your work. TO do that you have to show what you did...from start to finish... many FS reps have to be spoon fed. They won't understand at times you may need a "sky-hook" or for former military..."squelch grease". Remember to keep it simple.
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post #7 of 32 (permalink) Old 09-13-2012, 10:45 PM
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Thanks for the advice. Guess the hardest part about this new adventure is the
bs you have to go through and not get frustrated just to get your paycheck.
post #8 of 32 (permalink) Old 09-13-2012, 10:57 PM
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Quote:
Originally Posted by kingman
Thanks for the advice. Guess the hardest part about this new adventure is the
bs you have to go through and not get frustrated just to get your paycheck.
Remember it's a game... Calculate your moves before you do'em, anticipate what would hold up payment... Photo's only show what you want people to see. Read the HUD P&P documents, know the documents you signed-on for, and if WO are unclear... send an email requesting clarification. Communicate with your client.
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post #9 of 32 (permalink) Old 09-13-2012, 11:03 PM
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Thank you so much! Obviously you've had lots of experience and know what you're doing and how to do it. I am still working my regular job plus doing this property preservation stuff and eventually will be quitting my day job - I hope!
Are you doing preservation jobs also?
post #10 of 32 (permalink) Old 09-13-2012, 11:11 PM
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Quote:
Originally Posted by kingman
Thank you so much! Obviously you've had lots of experience and know what you're doing and how to do it. I am still working my regular job plus doing this property preservation stuff and eventually will be quitting my day job - I hope!
Are you doing preservation jobs also?
I try to pick the work I want to do... I stay away from re-occuring services cuz they don't pay for what it's worth to do. Bid work is where it's at. Initial services, tenant occupied & brokers. If a property's for sale..call the broker... sell your company. There a manny dudes on here who will help you out.
But remember don't accept the work if you don't make any money at it...Profit isn't a dirty word.
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