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Looking for feedback on this company based out of twinsburg ,ohio
 
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They have bothered me almost as much as LAMCO. I pass every time. From what I understood during our weekly emails is that they are middle men to middle men.
 

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They are getting their work from Ocwen.

Ocwen is already cheap and then they take a cut........ don't leave even expenses for the contractor.
 

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Ocwen has a reputation in the REO world for not paying their agents much less their REO vendors. Whenever you call them you're talking to someone in another continent ... like India.
 

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hi

i really would go broke at those prices thank goodness for this forum thanks guys,looks like another no go
 

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reoguys said:
Ocwen has a reputation in the REO world for not paying their agents much less their REO vendors. Whenever you call them you're talking to someone in another continent ... like India.






That wasn't my experience with them as a direct vendor.
Some times they were slow in paying, but I always got paid.

Unlike a whole bunch of other service companies.
 

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Yes, a little longer to get paid than a lot of others, but the numbers on their checks always match the numbers on our invoices.
 
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Hi All -I agree - I appreciate this forum as well. It's helped us get feedback on clients and field contractors and helped us stay away from the 'bad ones' a few times!

As one of the Founders and current COO of Laudan Properties let me provide some additional information about our company -

-We've been in business for 4 years and a member of NAMFS and BBB-Accredited Program
-We have both Bank direct and mortgage service clients - most of which are listed on our webpage (need to add a few new direct ones we signed up in the last few weeks)
-Unlike some others we DO NOT CHARGE our field agents for signing up with us [Lamco does]
-We typically receive and issue approx 9,000-11,000 orders a month across the midwest and south-eastern US
-Our payment terms are defined on our website and we pride ourselves on sticking to them because we know the industry is full of people that don't...

Adam Gee - our Vendor Manager or I will provide references if anyone would like to speak with others that work for us - many of which have been with us from the beginning.

Thanks again for being open to additional information.

If you'd like to contact me directly, please feel free -

Nico Cottone
Chief Operating Officer
Laudan Properties, LLC.
1750 Highland Rd, suite 3
Twinsburg OH 44087
Office- 866-512-6984
Cell - 216-701-4204

www.laudanproperties.com
 
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Well,

What do you have to say for the pricing? Some of these prices are way, way too low, in my opinion. You are representing a middleman-middleman company so I am curious what do you say about your discount?
 
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72opp said:
Well,

What do you have to say for the pricing? Some of these prices are way, way too low, in my opinion. You are representing a middleman-middleman company so I am curious what do you say about your discount?
We announced on 1/31 that, in an effort to simplify our pricing across all our geographies and clients, we are moving to a standard price (I believe thats what is shown above) -without further discounts taken from it. So the prices shown are the prices we will pay to our field agents, subject to the terms of our agreement.

So no more price-less-discount matrix as we had been doing previously.

If there are specific questions pls contact our office and ask for Adam or I. [the forum police frown on pricing discussions, as I've been reminded].
 

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hi

personally with gas at 3.55 a gallon where i live i cant see how anyone can work at prices i was sent,just my opinion and i drive a 6 cylinder
 
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I agree! Fuel, vehicle and equipment maintenance, insurance overhead and taxes! One would be lucky to break even with those prices. For good qualified contractors you would need to at least double those prices. Otherwise, enjoy training new, them doing a lousy job and eventually quitting ( when they realize they aren't making anything). Then you get to do it all over again while jeopardizing your contracts. I hope you guys at Laudan are banking that 65% profit your making.
 

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hi

i agree if you want to keep good qualified vendors then you show them by paying them right,we know the companys have to make money too but some are just not fair.if you sent out the 10,000 work orders as u say even at 20% on each you should be making a good profit.
 

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Laudan said:
We announced on 1/31 that, in an effort to simplify our pricing across all our geographies and clients, we are moving to a standard price (I believe thats what is shown above) -without further discounts taken from it. So the prices shown are the prices we will pay to our field agents, subject to the terms of our agreement.

So no more price-less-discount matrix as we had been doing previously.

If there are specific questions pls contact our office and ask for Adam or I. [the forum police frown on pricing discussions, as I've been reminded].




Nice job on side stepping the question of why your company is so super cheap. Its BS prices like this that have driven my company out of the P&P biz. I still do a few QC inspections and I see the havoc that such cheap pricing causes on a regular basis.
 

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We also have people set aside for QC orders and the level of quality in the work we now see is horrendous. Staged photos, debris shoved in the corners of basements and garages. You get what you pay for.
 
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Great - pls share your pricing so we can have an apples-to-apples discussion. Otherwise this appears to be turning into a rant.
 

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Laudan said:
Great - pls share your pricing so we can have an apples-to-apples discussion. Otherwise this appears to be turning into a rant.




At full HUD rate to the contractor he will not be getting rich but will be able to cover expenses and allow himself and his guys an almost comfortable living.
He'll be able to afford the appropriate insurances, buy and maintain quality tools with room for replacement when necessary.
Not what we see now days because the rates are so low. A spit polish janitorial, debris left behind in hidden areas, grass cuts with no trimming or blowing off the side walks. "Contractors" using far below commercial quality equipment.
Would you like for me to go on??????



Yours like so many others are far below that (HUD rate).
 
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Laudan said:
Great - pls share your pricing so we can have an apples-to-apples discussion. Otherwise this appears to be turning into a rant.
Debris Removal
Laudan $17.50
HUD Fee $50.00

Dry Wint
Laudan $50.00
HUD Fee $100.00

Boarding
Laudan $0.35 per inch (l+w)
HUD Fee $80.00 per window
$150.00 per door

Securing
Laudan $28.00 per lock
HUD Fee $60.00 per set

Laudan $10.50 per padlock
HUD Fee $40.00 per padlock

Yard Maintenance

Laudan 0-5k $35
5-10k $45
10k-15k $55
HUD Fee 0-5k $50
5-10k $75
10k-15k $100
 
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