Seeking Advice/Direction - REO Property Preservation Forum
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post #1 of 2 (permalink) Old 03-04-2014, 07:58 PM Thread Starter
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Seeking Advice/Direction

First I would like to start by saying thank you for all the posts that you all make on a daily basis. It really helps. I am currently a subcontractor conducting trash outs for 1 year now. I do enjoy completing each job and have become a proficient scrapper in the process. I do have GL insurance. I have also spent a great deal of time learning some of the ins outs of the PP industry. I have years of experience working in the insurance repair business growing up with my father. I have found it difficult not having experience across the entire field of PP and being a small business that getting hired by a company that has decent pay. By no means am I saying I need to start at the top without paying my dues but some of the varying pricing sheets don't even pay cost for materials. I am seeking advice of how to proceed and move forward. Thank you in advance

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post #2 of 2 (permalink) Old 03-04-2014, 08:34 PM
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My advice is to use the P&P skills and equipment that you have for other people, companies and business opportunities. This "industry" is really a combination INSERT "red-headed step child" built off the backs of other industries due to a need.

For example: Many of these P&P companies require a PCR to be completed. They also do NOT compensate you for it. Solution, take the skills that you've developed and get the certification to become a home inspector. Pay is a hell of a lot better, risk is probably less, and the work is comparable.

Another example: If you have the equipment, skills and desire to turn a jungle into a manicured lawn, promote that. Talk to your city alderman. Check with neighboring towns. Point out that many of these shacks aren't being maintained, the city should be issuing violations and YOU possess the tools, and know how to fix it. You bill the city, the city places the bill on the property taxes.

There is nothing wrong with enjoying this type of work. There is something wrong when anyone does it only because they "enjoy it" or "prefer to be self employed". This is a business. Treat it as such. Pay yourself. Make sure there is profit for your company. Most nationals and all regionals just churn through contractors until the next guy comes along. They don't care if you make money or not. They only care that they make money. PERIOD.

Look out for number 1. All lot of us "seasoned old guys" like what we do. I personally have no hard feelings toward any Newbies. Just make sure you ask the right questions and you will get the help you're looking for. By the way, the wrong question is "Who is the best company to work for". It is the dumbest question that I see asked over and over again. There is no answer to it, other than maybe "Your own company". Everyone has different experiences, company overheads, PITA tolerances, vendor liaisons, etc.

Also, it doesn't hurt to listen to and implement the advice that you receive as well. The best advice I ever received came from Wannabe. It went something like, "Stop walking past dollars laying on the ground while stopping to pick up a penny doing P&P."

BRADSConst is offline  
The Following 7 Users Say Thank You to BRADSConst For This Useful Post:
cover2 (03-05-2014), Molly77 (03-05-2014), mtmtnman (03-07-2014), REO2Rentals (03-06-2014), thanohano44 (03-05-2014), tony1225 (03-04-2014), WES1 (04-08-2014)

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