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New to Property Preservation and loosing money.

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G

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Discussion Starter · #1 ·
A friend of mine talked me into starting into this business with him about 6 months ago, we were fed all kinds of stories about how much money we were going to make not just from the head of the company but from all the other contractors working for him and I don't see how its possible. We get work from SG (25%) and LPS(%15) and then the parent company above us takes another %50 after sg and lps get their cut. At the end of the day nothing seems so pay anything worth the work accept maybe tarping roofs. How much percentage is everyone else giving up. I am about 1000 in the hole after all my pay comes back from sg and lps still, they owe me about 5k right now, I am seriously considering walking away from this before I get any deeper, Is there any companies working S.E. Michigan, like detroit area I should look into or is this industry a bust?
 
BPWY

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4,096 Posts
#2 ·
The machine got another FNG.




Read thru the forum and you'll see how many former full timers are hanging it up.
Your very last comment says it all.
 
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G

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Discussion Starter · #6 ·
Yeah I get that, I actually liked doing this too but not for less than minimum wage that we seem to take home after everyone gets their cut out of my money, then waiting the 8 weeks inst helping either. I might apply to a couple companies direct because being this far down the ladder doesn't leave much money left for us.
 
thanohano44

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2,016 Posts
#9 ·
BPWY said:
For the low low price of $39.99 you too can order your very own copy of the All-in One Property Preservation How-to Manual.

http://www.mfssupply.com/All-in-One-Property-Preservation-How-to-Manual
Click to expand...
I just got that email too. This validates HollandPpo's comments from yesterday. What's funny is that no book can teach you or list all the BS we go through. If it did, it wouldn't be offered by MFS whose owner is the younger brother of Safeguards owner.
 
BPWY

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4,096 Posts
#11 ·
thanohano44 said:
I just got that email too. This validates HollandPpo's comments from yesterday. What's funny is that no book can teach you or list all the BS we go through. If it did, it wouldn't be offered by MFS whose owner is the younger brother of Safeguards owner.
Click to expand...



Very interesting. No wonder they are the SG exclusive vendor.
 
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G

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Discussion Starter · #14 ·
detroitpandp said:
A friend of mine talked me into starting into this business with him about 6 months ago, we were fed all kinds of stories about how much money we were going to make not just from the head of the company but from all the other contractors working for him and I don't see how its possible. We get work from SG (25%) and LPS(%15) and then the parent company above us takes another %50 after sg and lps get their cut. At the end of the day nothing seems so pay anything worth the work accept maybe tarping roofs. How much percentage is everyone else giving up. I am about 1000 in the hole after all my pay comes back from sg and lps still, they owe me about 5k right now, I am seriously considering walking away from this before I get any deeper, Is there any companies working S.E. Michigan, like detroit area I should look into or is this industry a bust?
Click to expand...



You should look into some other companies because if you are doing work, you should be getting profit. The pocket killer is the 30 to 45 day turn around for pay. Some times even longer than that.
 
GTX63

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#15 ·
wipeout said:
You should look into some other companies because if you are doing work, you should be getting profit. The pocket killer is the 30 to 45 day turn around for pay. Some times even longer than that.
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The key word above is "should". Promised and guaranteed don't dance together in this ballroom.
 
D

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537 Posts
#16 ·
I saw a local ad today,here is pricing

lockchange 18.00
wints 55.00
jant 35.00

will pay 350.00 per house up to 35 cu yds i wrote ask them how many responses they got,so far no reply and notice ad is now gone,wonder why,lmao
 
G

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Discussion Starter · #17 ·
One of most esteemed members of the P&P Forums had a saying about another industry that applies to the P&P Industry also.....

Know how to earn a Small Fortune in the Property Preservation Business?
,
,
,
,
,
,
,
,
,
,
Start with a LARGE FORTUNE.
 
G

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Discussion Starter · #18 ·
This is just my 2 cents.

I know that there is days and jobs I will lose money on,but the trick is to try and limit those days and jobs at best possible.
 
G

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Discussion Starter · #19 ·
d+jhomeservices said:
I saw a local ad today,here is pricing

lockchange 18.00
wints 55.00
jant 35.00

will pay 350.00 per house up to 35 cu yds i wrote ask them how many responses they got,so far no reply and notice ad is now gone,wonder why,lmao
Click to expand...
wonder they are finding any suckers to work for those prices!:eek:
 
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