HUD work Pricing - REO Property Preservation Forum
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post #1 of 24 (permalink) Old 08-13-2012, 04:10 PM Thread Starter
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HUD work Pricing

One of my main clients asked me to do HUD work in a couple states we are active in. They then sent me the following pricing.

Below are the pricing for your local area:













Winterization - Due 24 hours



$95.00

Winterizations to be completed in 24 hours. Pressure test photos. Report any issues. Bid to repair damages; if necessary.
In jurisdictions where winterization is required, all properties must be winterized between October 1st and March 31st. Properties in Northern territories will be winterized and/or re-winterized from September 1st to April 31st.
i. All water will be shut off at the water meter and water meter disconnected as permitted by local codes and ordinances.
ii. All faucets and access points are to be opened; all pipes are to be drained and then have remaining water forcibly evacuated using compressed air (air compressors rated >4 CFM recommended).
iii. Shut all faucets, valves and access points and pressurize system to 35 PSI. Systems must hold 35 PSI for 30 minutes to pass a pressure test.
iv. De-energize water heater, attach hose and drain into floor drain or outside. Close drain upon completion.
v. Deposit NON-TOXIC antifreeze (propylene glycol - usually pink in color) in all drains, p-traps, dishwashers, toilet bowls, toilet tanks, and water collection points in the plumbing system.
vi. Install clear winterization toilet seat covers (available from MFSSUPPLY.COM) over toilets and use one winterization sticker per room noting your company name, your phone number, and winterization date.
vii. Post a winterization sticker on the circuit breaker.









Landscaping Initial –Due 72 hours



$125.00

i. Maintain each property in a neat, pleasant curb appeal .
ii. Dispose of debris in a manner legally permitted in the community where the work is performed and is at Vendor’s expense.
iii. Remove and dispose of all refuse, debris, junk, leaves, lawn paraphernalia and other objects not ordinarily kept on a lot and other exterior areas including carports.
iv. Trim low hanging branches of trees which obstruct any property entrance or walkway; Trim down weeds in flower beds and foundation plantings; and remove dead shrubbery, sprouts, saplings, and brush.
v. Remove any plant/vegetation growing on roof, gutters and downspouts.
vi. Cut to the edge of each property line to a maximum height of 2 ˝.
vii. Do not leave any grass clippings on top of the lawn.
viii. Edge all paved walkways, curbs, and driveways
ix. Use a string trimmer to trim around foundations, fences and other construction that would normally require trimming.
x. Hedges, shrubs and trees should be cut back 18” off of the roof and walls so no hedges, shrubs or trees touch the house or roof.
xi. Front hedges, and shrubs should be cut low enough to see all windows and doors.
xii. Ensure all clippings are bagged. If blown, do not blow into adjoining properties, street or storm / sewer drains.
xiii. No tree limbs are to touch the roof or the house.
xiv. Trim up all low hanging branches to a minimum of 8 feet above ground level.









Initial Trash-Out (up to 20 cubic yards) –Due 72 hours

$150.00

i. Remove all trash and debris from the interior and the exterior of the assigned property and from within all structures on the property (including, but not limited to porches, attics, garages, outlying buildings, storage sheds, decks, patios, crawl spaces, gutters, roof debris, etc.). All trash and debris will be removed from the premises to an acceptable trash dumping area.
ii. Interior of Property - To include basements, attics, store rooms, sheds, carports and garages. The removal and proper disposal of all debris, trash, personal effects. Removal of floor coverings only with approval. Call from site for approval of any freestanding appliances or fixtures unless they have been tagged/marked for removal.
iii. Exterior of Property - Dispose of all debris and trash, rubble, fallen tree branches, abandoned vehicles, and any other objects such as discarded paper products, newspapers, fliers, glass, and wood.
iv. Debris exceeding 20 cubic yards will be priced at $25.00 per cubic yard.









Cleaning Initial / Fine CleanDue 72 hours


$125.00

i. IF utilities are off, the vendor must have a generator for electricity and capable of bringing your own water.
ii. All surfaces must be cleaned to streak free condition. All non-painted wood surfaces in the interior are to be cleaned with a Scott’s Liquid Gold or equivalent cleaning solution. Clean any surface including woodwork, baseboards, doors, faceplates, and all air conditioning and heating vents. Clean all shiny surfaces with appropriate cleaner as to enhance the shine. Mop floors and include but not limited to: all fixtures bath & kitchen, appliances, etc.
iii. Bathroom: Clean all kitchen and bathroom sinks, mirrors, toilets, tubs, and showers. Clean all mirrors and glass with commercial glass cleaner and don’t leave streaks. Wash and clean all vanities, cabinets, counter tops, towel bars and soap dishes.
iv. Ceiling: Clean all light fixtures and ceiling fans. Remove dust and cobwebs from ceiling fans, ceiling corners and all other obvious areas.
v. Floors: Vacuum all carpeted floors; sprinkle a carpet freshener powder prior to vacuuming
vi. All interior uncarpeted floors must be broom swept and wet mopped appropriate cleaning solution. Other floors, i.e., garages, carports, porches, patios, decks, stoops, storage sheds, etc. are to be swept clean, removing all dust & dirt particles.
vii. Clean fireplace or wood burning stove by removing ashes and sweeping firebox and hearth. Close damper. If burn products are present, remove to an acceptable dumping area and clean off any leftover residue.
viii. Kitchen: Clean all appliances with appropriate cleaning solution, rinsed with water, and dried. The oven/range will be cleaned using acceptable commercial oven cleaner. The oven cleaner will be thoroughly rinsed and wiped at the end of the cleaning. The refrigerator and freezer must be cleaned and free of any mildew and build up stains. Leave a box of baking soda inside the refrigerator. Thoroughly clean inside and outside of the exhaust vent over the stove.
ix. LEAVE 1 AIR FRESHENER INSIDE THE PROPERTY









i. Initial Inspection (Part 1 ,2,3 of HPIR)Due 24 hours

$135.00

Part I - Verification that the property is in a condition to be conveyed to HUD. You as the inspector should mainly look for any condition that would bring into question the habitability of the property and any damages that are present. Photos are very important at this stage.
Part II – Initial Inspection- This shall be completed the same time as Part 1. You will need to take photos of any adverse conditions at the property as well as any Health and Safety issues that are present. Inspector must pay close attention to any Lead Based Paint (LBP) hazards and document when the home was built.
Part III -This is known as the Property Condition Report or PCR. The is part of the inspections process which will require the inspector to complete a full systems check of the property including HVAC systems, Electrical Systems, Built in appliances, etc.
·Utilize the following key codes: 44535, 35241, 76667, 67767
·Install A-389 padlock keys on sheds and outbuildings
·Put the key code number on the HPIR.


















TOTAL FLAT RATE INITIAL SERVICES



$495.00




























Routine Inspection Every 14 Days



$15.00

Routine Lawn / Snow -Every 14 Days



$35.00










TOTAL ROUTINE SERVICES




$50.00



















Some of this looks good but the cubic yardage ends up paying around $7.50 per yard. I also can't imagine doing property inspections for $15.00.

Am I miss reading this or do companies really do turn key jobs for this kind of flat rate nonsense?
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post #2 of 24 (permalink) Old 08-13-2012, 04:23 PM
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the lawn part would not be to bad as long as they are close together. If spread out noway.
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post #3 of 24 (permalink) Old 08-13-2012, 11:15 PM
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I get $700 flat rate from those guys. 90% of the homes are trashed out here. Most of the time the $$$ are gravy.....
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post #4 of 24 (permalink) Old 08-15-2012, 11:55 AM Thread Starter
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Quote:
Originally Posted by mtmtnman View Post
I get $700 flat rate from those guys. 90% of the homes are trashed out here. Most of the time the $$$ are gravy.....
This would be ok. My thoughts are if they have been through a P4C they should be empty.

I am considering trying a few and seeing what I find out there.
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post #5 of 24 (permalink) Old 08-15-2012, 01:20 PM
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This is what they sent me.


All pricing is before 20% discount.

Cleaning Initial / Fine Clean – Due 72 hours $110.00



Landscaping Initial – Due 72 hours

(Up to 1 Acre) $85.00


Initial Trash-Out (up to 35 cubic yards) – Due 72 hours (20.00 a cubic yard over 35 yards) $290.00



Initial Winterization - Due 24 hours $70.00


TOTAL FLAT RATE INITIAL SERVICES $555.00


Routine Lawn / Snow - Every 14 Days / AS NEEDED $30.00


Routine Cleaning – Every 14 Days / AS NEEDED $19.00



TOTAL ROUTINE SERVICES $49.00
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post #6 of 24 (permalink) Old 08-15-2012, 07:04 PM
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Lmao

How in gods name can money be made trashing out 20 cu yds for this amount ???
In new York and new jersey 99% of the houses have every room full
Condos are usually left empty

Again we complain but we will have vendors doing these jobs and doing them poorly

Again we should stick together and tell these companies F U


Maybe we can create a union
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post #7 of 24 (permalink) Old 08-15-2012, 07:08 PM
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Quote:
Originally Posted by buster9121 View Post
how in gods name can money be made trashing out 20 cu yds for this amount ???
In new york and new jersey 99% of the houses have every room full
condos are usually left empty

again we complain but we will have vendors doing these jobs and doing them poorly

again we should stick together and tell these companies f u


maybe we can create a union

if it's conveyed properly it will have less than 2-3 yards. 1 out of 20 huds i do have any measurable debris......
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post #8 of 24 (permalink) Old 08-15-2012, 07:21 PM
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Where you from

new York is a zoo people leave them a mess if I showed you pictures of the inside you would think a pack of wolves ran thru them

I clean up human s-----t. Needles dog s---t. Very inch of copper is stolen windows broke etc....
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post #9 of 24 (permalink) Old 08-15-2012, 10:38 PM Thread Starter
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Quote:
Originally Posted by Buster9121 View Post
Where you from

new York is a zoo people leave them a mess if I showed you pictures of the inside you would think a pack of wolves ran thru them

I clean up human s-----t. Needles dog s---t. Very inch of copper is stolen windows broke etc....

Not if they are conveyed properties.

And if that is the case you bid it. If you read their pricing there is a provision for the rare property that is over 30 cyds.

the pricing is still sketchy at best though.
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post #10 of 24 (permalink) Old 08-16-2012, 12:51 AM
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Quote:
Originally Posted by Buster9121 View Post
Where you from

new York is a zoo people leave them a mess if I showed you pictures of the inside you would think a pack of wolves ran thru them

I clean up human s-----t. Needles dog s---t. Very inch of copper is stolen windows broke etc....
This is why i choose to live where i do. I grew up near Chitcago and worked in the NW suburbs for 10 years. Couldn't put up with it. I like my slower pace of life here in the Rocky Mountain West. Got another cash for keys for Chase through my broker tomorrow. No debris to speak of and the lawn was just mowed.....
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