Hey guys, I am curious if any of you do work for property preservation companies who work with lenders. I have some questions, but dont want to waste my time if no one does any work for them.
Jonathan ~infiniti said:hello, i am seriously thinking about getting into the buesiness of Property preservation, i have no experiance, but wanted to know any suggetion i can get from someone who is in the buesiness already, where do i go to teach my self well as far as, winterization, proper board up, pricing, i d greatly appreaciat any help anyone can give me.
jonathan, thank you, you can emial me at [email protected].
If you have no experience good luck. The first time you screw up inspecting a property. BAM huge lawsuit. Study before you jump in. Let's not make the preservation side of lending like they did with making the loans.infiniti said:hello, i am seriously thinking about getting into the buesiness of Property preservation, i have no experiance, but wanted to know any suggetion i can get from someone who is in the buesiness already, where do i go to teach my self well as far as, winterization, proper board up, pricing, i d greatly appreaciat any help anyone can give me.
jonathan, thank you, you can emial me at [email protected]
Linda,a1propertyclean said:Jonathan ~
I own 2 property preservation businesses. There's a lot of up front money involved if you want to do it right. You'll need general liability insurance, decent equipment, fuel, equipment rental, and labor. A website wouldn't hurt either, even a simple one like mine. Plus, you can go weeks without substantial work until everyone knows you're out there.
It was a terrific struggle to get to where we are now but, if you're determined enough, send me an e-mail to [email protected] and I'll see if I can help.
I cover 5 counties in Southern California, the tri-state area of Nevada, Arizona, and California, and will soon have another startup out of Idaho.
I have an awesome crew and the best, most efficient office staff. But it was awhile before I could hire the right labor because the money is slow coming in. Now I offer 30, 60, and 90 day terms and payment plans to lenders and brokers.
I hope all that doesn't scare you off. There's a lot of work out there for the right type of person. If it didn't scare you off, contact me.
I too am interested in getting into the property preservation industry. I don't have any experience and lacking knowledge on the industry. I've been doing research online but can't find the negatives of the industry.XanadooLTD said:If you have no experience good luck. The first time you screw up inspecting a property. BAM huge lawsuit. Study before you jump in. Let's not make the preservation side of lending like they did with making the loans.
I would think they would want the same access to previous claims on the property like ins companies have. Can't think of the data base or what the report is called, but it lists any claims a property ower has had with ins co's. Who wants to be liable for pre-existing mold,etc.. Or maybe the mold had been removed but the problem that caused the mold has not been corrected. Good thought provoking thread.Also the companies i have seen doing this do an extensive back ground check
I couldn't help but notice that you were a female too. I too am interested in getting into this business. I'm a little concerned because I've had several people tell me this isn't a business for women. quote]
Now, why in the world would your gender stop you from doing something you really want to do? Don't listen to other people, listen to yourself.
I don't have a degree but still managed to work my way pretty far up the corporate ladder into executive management. My biggest problem is I can't stand office politics and gossipy old men and women who don't have a life of their own so they have to live vicariously through yours. And last, but not least, I really loathe working for other people.
I was raised to be independent and learned a long time ago that I can take very good care of myself and be as successful as I want if I put my heart and my back into it.
Just learn everything you can and find someone willing to train you in the industry. Be sure to understand, though, that you'll exchange your time for the experience and education. No one I know of offers paid training to people going into business on their own.
Also understand that it's very physical work, the hours can be long and hard, and you'll have to know the administrative side of preservation. I work roughly 16 to 20 hours a day, 7 days a week. As in any business, you have to be able to give it everything you've got and commit to what you started in order to get anywhere.
Thanks, BTW, to all of you who have contacted me through this post. I've managed to receive an overwhelming number of inquiries. I've made some wonderful contacts, hired 2 subs, and have one more who finished his training last weekend to help me with the local work.
To those who I've not responded to yet, please accept my apologies. We're butt-kicking busy here in Southern California and I find myself spending less and less time online, except to work.
One thing I know is that, if you're willing to commit yourself, you can do anything. Gender, race, religion, and a multitude of other things should never be an obstacle.
MVH said:I start my first Fannie Mae foreclosure rehab today. Its just some paint, minor repairs, and carpeting. I'll keep you guys posted on things like payment cycle times.
There's not a lot of money in it, but it is great filler to keep the the schedule full.