New guy here, suggestions always welcome! - REO Property Preservation Forum
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post #1 of 7 (permalink) Old 07-16-2018, 12:15 PM Thread Starter
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New guy here, suggestions always welcome!

Hello everyone, I just wanted to post an introduction. I can see that I have a lot to learn about preservation but I think I have come to the right place. I am located in Michigan and I am basically new to the industry but like the fact that work comes in via email and I make my own schedule so far. The only company I have completed work for is MSI but I don't know much about them. I received a call today from Cyprexx and wanted to know what everyone thinks about these 2 companies? I have noticed by searching this forum that there are several companies that none of us should work for and I don't want to even get involved with those companies. Any suggestions of any kind would be appreciated to help me get started but I need to get General Liability and E&O Insurance ASAP and would appreciate some recommendations!

Thank you all in advance!

B. Nolan
Domaga Development LLC
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post #2 of 7 (permalink) Old 07-18-2018, 12:18 AM
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Originally Posted by DomagaDev302 View Post
Hello everyone, I just wanted to post an introduction. I can see that I have a lot to learn about preservation but I think I have come to the right place. I am located in Michigan and I am basically new to the industry but like the fact that work comes in via email and I make my own schedule so far.
what about setting your own pricing?

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post #3 of 7 (permalink) Old 07-19-2018, 12:40 AM
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I personally registered with Hiscoxs as Handyman services. It was cheap and I was able to do it online.



I learned working with nationals is if you feel off about working with them then don't work with them. There's always more vendors out there trying to push orders. Signup with multiple vendors and try them out. If the vendor refuses to pay out drop them and go to the next one. soon enough you'll have a steady work flow from multiple vendors diversifying risk.


Most important piece of advice I can give is that you will be burned by vendors. Best thing to do is Learn and protect your self. One example is that when I was starting out vendors would always force me to go do a order so far away that I'll spend more money then what the trip was worth. The vendor would tell me I had to go because It was in my covered area. Now if a vendor says I have to go; I say okay but under my company policy I will have to charge a trip charge. If they give me back lash or try to cut my orders because of it I'll drop them and move on.
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post #4 of 7 (permalink) Old 07-19-2018, 09:42 AM Thread Starter
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I would love to set my own pricing and would prefer to do that over blindly accept whatever they give me! I don't need the business in a way that would motivate me to work for less than fair pricing. I would really appreciate any direction you could provide about what pricing is fair and reasonable for me to set as a minimum. There are several services that I wouldn't even know where to price myself.

Thank you for the suggestion and any direction you can assist with!

B. Nolan
Domaga Development LLC
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post #5 of 7 (permalink) Old 07-22-2018, 10:14 PM
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Originally Posted by DomagaDev302 View Post
I would love to set my own pricing and would prefer to do that over blindly accept whatever they give me! I don't need the business in a way that would motivate me to work for less than fair pricing. I would really appreciate any direction you could provide about what pricing is fair and reasonable for me to set as a minimum. There are several services that I wouldn't even know where to price myself.

Thank you for the suggestion and any direction you can assist with!
Maybe start by googling the HUD Mortgagee Letter 2016-02, and see if the allowables there might work for you.
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post #6 of 7 (permalink) Old 07-25-2018, 08:11 AM
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Maybe start by googling the HUD Mortgagee Letter 2016-02, and see if the allowables there might work for you.

I think that should be posted up so some of these new guys understand what fair pricing really is.
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post #7 of 7 (permalink) Old 07-27-2018, 10:17 AM Thread Starter
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Thank you Sir, that is a big help!

B. Nolan
Domaga Development LLC
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