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For sorry suckers to lose their @ss trying to do their work. Remember guys this is before the 20% BS made up discount. Good Luck!!

It is extremely important to ensure that all Fannie Mae properties are free of health and safety hazards. It is our job to keep these properties safe and hazard free. Please identify any health and safety conditions at time of Initial Services and remediate immediately. If you are a Routine Contractor and notice any of these hazards please address at time of routine services. Update Vorticity EMS with photographs of completion of the remedial action.
Health and Safety Hazards and their remedies Include, but are not limited to, the following items:
• Ensure all broken glass is removed
• Replace all missing switch plate and outlet covers, both inside and outside of the home
• Cap all exposed wiring: All electrical wires that are unsecured or uncapped will be secured, and all exposed wiring shall be capped.
• Re-secure all loose light fixtures and ceiling fans
• Repair all broken or missing stairs. All missing or broken stairs shall be repaired or replaced, and all missing handrails shall be replaced as needed.
• Repair all broken or missing handrails
• Replace or repair all missing vent covers and open holes in the flooring
• Fill in or repair all large open holes in the yard
• Repair all trip hazards both in and out of the property.
• Secure all objects to the walls as appropriate, including shelves, cabinets, and drywall
• Remove all nails, hooks, and screws from walls
• Mitigate all minor health and safety hazards, including small areas of discoloration or mildew, rotting food in refrigerators, and other environmental hazards
• All missing switch plate and outlet covers shall be replaced.
• Trouble code areas with greater than 100 contiguous feet of discoloration.
• Replace missing light bulbs (every socket in every light fixture must have light bulb installed)
• Prevention of further moisture damage that may be caused by active roof or plumbing leaks at the property. All care should be given to any cause of moisture damage that may cause a further deterioration of the property, or to mitigate any type of damage that may be a safety or health hazard. Every effort must be made to match all roof repairs to the same or equivalent shingle that is on the roof at the time of repair. All active roof leaks must be repaired to prevent further moisture damage. Application of tarps may be utilized as a temporary measure while bids and approvals for needed repairs are pending.
• All missing or broken covers to circuit breaker or fuse box panels shall be replaced.
• All patios, porches, and decks shall be secured. Sufficient railings shall be installed should they be missing that would secure the area. Trip hazards shall be mitigated on all porches and decks, ensuring that there are not large open areas that would constitute a trip hazard.

All Health and Safety hazards are to be completed within 2 days of notice, and the completed work order including before and after digital photographs will be uploaded into Vorticity EMS within 1 days of completion. Please find a copy of the safety hazard checklist Fannie Mae uses at the bottom of this email. 
Safety Hazard Pricing Matrix
Service Pricing
Tack Strip Removal $55.00 per room
Crawlspace Door (Hasp & Lock) $40.00
Electrical Panel Cover $25.00
Handrail Installation $7.00 per lin. ft.
Secure Handrail $2.50 per lin. ft.
Holes - Filing w/ Dirt or Concrete $10.00 (5 gallon)
Insect Extermination provide pricing
Lock Change (Door Knob) $35.00
Outlet and Switch Covers $1.00 each
Pad Locks $20.00
Step $20.00 per step
Toilet Missing - Capping Sewer Line $15.00 each
Vent Covers $15.00
Water (Standing) - Pump Out provide pricing
Window Well Cover $25.00 (over (2) is $10.00)
Wire Capping $1.00 per box
Electrical or Fuse Panel Cover $25.00
Replace light bulbs $1.00 per box of 4
Install Blanks in Breaker $4.00 per blank
Gas Capping $5.00 each
Repair damaged hole in floor $4.00 per sq. ft.
Secure loose ceiling fan $15.00 each
Secure light fixtures $15.00 each
Secure loose cabinets, cabinet doors, drawers, countertops $15.00 each
Window locks $15.00 each
Transition strip $4.00 per lin. ft.
 
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damaton said:
For sorry suckers to lose their @ss trying to do their work. Remember guys this is before the 20% BS made up discount. Good Luck!!

It is extremely important to ensure that all Fannie Mae properties are free of health and safety hazards. It is our job to keep these properties safe and hazard free. Please identify any health and safety conditions at time of Initial Services and remediate immediately. If you are a Routine Contractor and notice any of these hazards please address at time of routine services. Update Vorticity EMS with photographs of completion of the remedial action.
Health and Safety Hazards and their remedies Include, but are not limited to, the following items:
• Ensure all broken glass is removed
• Replace all missing switch plate and outlet covers, both inside and outside of the home
• Cap all exposed wiring: All electrical wires that are unsecured or uncapped will be secured, and all exposed wiring shall be capped.
• Re-secure all loose light fixtures and ceiling fans
• Repair all broken or missing stairs. All missing or broken stairs shall be repaired or replaced, and all missing handrails shall be replaced as needed.
• Repair all broken or missing handrails
• Replace or repair all missing vent covers and open holes in the flooring
• Fill in or repair all large open holes in the yard
• Repair all trip hazards both in and out of the property.
• Secure all objects to the walls as appropriate, including shelves, cabinets, and drywall
• Remove all nails, hooks, and screws from walls
• Mitigate all minor health and safety hazards, including small areas of discoloration or mildew, rotting food in refrigerators, and other environmental hazards
• All missing switch plate and outlet covers shall be replaced.
• Trouble code areas with greater than 100 contiguous feet of discoloration.
• Replace missing light bulbs (every socket in every light fixture must have light bulb installed)
• Prevention of further moisture damage that may be caused by active roof or plumbing leaks at the property. All care should be given to any cause of moisture damage that may cause a further deterioration of the property, or to mitigate any type of damage that may be a safety or health hazard. Every effort must be made to match all roof repairs to the same or equivalent shingle that is on the roof at the time of repair. All active roof leaks must be repaired to prevent further moisture damage. Application of tarps may be utilized as a temporary measure while bids and approvals for needed repairs are pending.
• All missing or broken covers to circuit breaker or fuse box panels shall be replaced.
• All patios, porches, and decks shall be secured. Sufficient railings shall be installed should they be missing that would secure the area. Trip hazards shall be mitigated on all porches and decks, ensuring that there are not large open areas that would constitute a trip hazard.

All Health and Safety hazards are to be completed within 2 days of notice, and the completed work order including before and after digital photographs will be uploaded into Vorticity EMS within 1 days of completion. Please find a copy of the safety hazard checklist Fannie Mae uses at the bottom of this email. 
Safety Hazard Pricing Matrix
Service Pricing
Tack Strip Removal $55.00 per room
Crawlspace Door (Hasp & Lock) $40.00
Electrical Panel Cover $25.00
Handrail Installation $7.00 per lin. ft.
Secure Handrail $2.50 per lin. ft.
Holes - Filing w/ Dirt or Concrete $10.00 (5 gallon)
Insect Extermination provide pricing
Lock Change (Door Knob) $35.00
Outlet and Switch Covers $1.00 each
Pad Locks $20.00
Step $20.00 per step
Toilet Missing - Capping Sewer Line $15.00 each
Vent Covers $15.00
Water (Standing) - Pump Out provide pricing
Window Well Cover $25.00 (over (2) is $10.00)
Wire Capping $1.00 per box
Electrical or Fuse Panel Cover $25.00
Replace light bulbs $1.00 per box of 4
Install Blanks in Breaker $4.00 per blank
Gas Capping $5.00 each
Repair damaged hole in floor $4.00 per sq. ft.
Secure loose ceiling fan $15.00 each
Secure light fixtures $15.00 each
Secure loose cabinets, cabinet doors, drawers, countertops $15.00 each
Window locks $15.00 each
Transition strip $4.00 per lin. ft.
We will run them out of mich.:thumbsup:
 
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Most of the stuff I see there is almost materials cost. I guess they expect you to work for free. How nice.
 

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Leo G said:
Most of the stuff I see there is almost materials cost. I guess they expect you to work for free. How nice.






Welcome to what the world of P&P has become.
The only one making money is the national, rest assured.

Sure Fannie may put some pressure on the national to tighten up but they in turn put the
screws to the contractors and take their pricing way below market pricing and way below even
break even pricing.


If the economy had picked back up like president no nothing told us it was gonna and claimed it did
then these nationals wouldn't have a ready supply of out of work "contractors" with which they'd
bamboozle with their under the basement pricing pie in the sky promises. But as long as the job
market remains soft or looses jobs there will be plenty of guys that work for their rates in order to
at least make beer money.
 

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I only do routine maintenance and once the prices got to this level I told them I would not be doing them any longer.

I got a call from a supervisor who wanted to know why and I explained that I was not going to jump on a grenade every time I went to a new property and fix a bunch of issues at below my cost that should have been corrected before I was assigned the property.

I told them I would document them and report them, but it was up to them to figure out how they get fixed. I offered to bid on the work, but told them that I would quit doing that if the bids never got approved.

They decided that I could document and report and they would get someone else to fix them.
 
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What I don't understand is you know this. You know you can't make money on this. You know that they aren't going to pay you a fair value for your labor, yet you continue in this field and complain about it.

Take you skills and do something else. Something that is respected and pays you what you are worth. At some point in time these PP manager companies are going to have to realize that they people who they can attract aren't worth the pittance they are offering.

Why stick it out and get the shaft?
 
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REOSPECIALAGENT said:
We will run them out of mich.:thumbsup:
That's our plan. They got pretty big shoes to fill here. Michigan is a different animal imo
 

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Leo G said:
What I don't understand is you know this. You know you can't make money on this. You know that they aren't going to pay you a fair value for your labor, yet you continue in this field and complain about it.

Take you skills and do something else. Something that is respected and pays you what you are worth. At some point in time these PP manager companies are going to have to realize that they people who they can attract aren't worth the pittance they are offering.

Why stick it out and get the shaft?




I have. I've got a damn good thing going with local lawn care.
My company landed three of the top five largest apartment complexes in town. The losers last year make it so easy for my company to look good.
We maybe able to nail down three year contacts this fall they are so happy with us.

Along with other local work.

Only problem is that the winters are really long and snow is uncertain.
When it does snow we make good money.
 

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I am guessing this is not national pricing as I get more than this from nationals. this is a regional copying and pasting a nationals price list and putting lower pricing in. Any one of us could do the same thing. I don't think a regional cutting pricing to make their middle man cut is a representation of the industry.

Edit: doing this from my phone. Now notice this is ams. crazy.
 
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damaton said:
For sorry suckers to lose their @ss trying to do their work. Remember guys this is before the 20% BS made up discount. Good Luck!!

It is extremely important to ensure that all Fannie Mae properties are free of health and safety hazards. It is our job to keep these properties safe and hazard free. Please identify any health and safety conditions at time of Initial Services and remediate immediately. If you are a Routine Contractor and notice any of these hazards please address at time of routine services. Update Vorticity EMS with photographs of completion of the remedial action.
Health and Safety Hazards and their remedies Include, but are not limited to, the following items:
• Ensure all broken glass is removed
• Replace all missing switch plate and outlet covers, both inside and outside of the home
• Cap all exposed wiring: All electrical wires that are unsecured or uncapped will be secured, and all exposed wiring shall be capped.
• Re-secure all loose light fixtures and ceiling fans
• Repair all broken or missing stairs. All missing or broken stairs shall be repaired or replaced, and all missing handrails shall be replaced as needed.
• Repair all broken or missing handrails
• Replace or repair all missing vent covers and open holes in the flooring
• Fill in or repair all large open holes in the yard
• Repair all trip hazards both in and out of the property.
• Secure all objects to the walls as appropriate, including shelves, cabinets, and drywall
• Remove all nails, hooks, and screws from walls
• Mitigate all minor health and safety hazards, including small areas of discoloration or mildew, rotting food in refrigerators, and other environmental hazards
• All missing switch plate and outlet covers shall be replaced.
• Trouble code areas with greater than 100 contiguous feet of discoloration.
• Replace missing light bulbs (every socket in every light fixture must have light bulb installed)
• Prevention of further moisture damage that may be caused by active roof or plumbing leaks at the property. All care should be given to any cause of moisture damage that may cause a further deterioration of the property, or to mitigate any type of damage that may be a safety or health hazard. Every effort must be made to match all roof repairs to the same or equivalent shingle that is on the roof at the time of repair. All active roof leaks must be repaired to prevent further moisture damage. Application of tarps may be utilized as a temporary measure while bids and approvals for needed repairs are pending.
• All missing or broken covers to circuit breaker or fuse box panels shall be replaced.
• All patios, porches, and decks shall be secured. Sufficient railings shall be installed should they be missing that would secure the area. Trip hazards shall be mitigated on all porches and decks, ensuring that there are not large open areas that would constitute a trip hazard.

All Health and Safety hazards are to be completed within 2 days of notice, and the completed work order including before and after digital photographs will be uploaded into Vorticity EMS within 1 days of completion. Please find a copy of the safety hazard checklist Fannie Mae uses at the bottom of this email. 
Safety Hazard Pricing Matrix
Service Pricing
Tack Strip Removal $55.00 per room
Crawlspace Door (Hasp & Lock) $40.00
Electrical Panel Cover $25.00
Handrail Installation $7.00 per lin. ft.
Secure Handrail $2.50 per lin. ft.
Holes - Filing w/ Dirt or Concrete $10.00 (5 gallon)
Insect Extermination provide pricing
Lock Change (Door Knob) $35.00
Outlet and Switch Covers $1.00 each
Pad Locks $20.00
Step $20.00 per step
Toilet Missing - Capping Sewer Line $15.00 each
Vent Covers $15.00
Water (Standing) - Pump Out provide pricing
Window Well Cover $25.00 (over (2) is $10.00)
Wire Capping $1.00 per box
Electrical or Fuse Panel Cover $25.00
Replace light bulbs $1.00 per box of 4
Install Blanks in Breaker $4.00 per blank
Gas Capping $5.00 each
Repair damaged hole in floor $4.00 per sq. ft.
Secure loose ceiling fan $15.00 each
Secure light fixtures $15.00 each
Secure loose cabinets, cabinet doors, drawers, countertops $15.00 each
Window locks $15.00 each
Transition strip $4.00 per lin. ft.
you got to provide material for this too? So someone can call you out and say we need a 10 foot handrail build out of pressure treated lumber and you got to provide all the lumber, nails or screws and build it for 70 bucks?
 
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BPWY said:
I have. I've got a damn good thing going with local lawn care.
My company landed three of the top five largest apartment complexes in town. The losers last year make it so easy for my company to look good.
We maybe able to nail down three year contacts this fall they are so happy with us.

Along with other local work.

Only problem is that the winters are really long and snow is uncertain.
When it does snow we make good money.
That is the silver linging to working with reo. It is so difficult that it makes you stronger and so much more competitive than others.
 

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SwiftRes said:
I am guessing this is not national pricing as I get more than this from nationals. this is a regional copying and pasting a nationals price list and putting lower pricing in. Any one of us could do the same thing. I don't think a regional cutting pricing to make their middle man cut is a representation of the industry.

Edit: doing this from my phone. Now notice this is ams. crazy.




Oh yeah, that is representative of working for nationals on Fannie properties.
 

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SwiftRes said:
I am guessing this is not national pricing as I get more than this from nationals. this is a regional copying and pasting a nationals price list and putting lower pricing in. Any one of us could do the same thing. I don't think a regional cutting pricing to make their middle man cut is a representation of the industry.

Edit: doing this from my phone. Now notice this is ams. crazy.
Actually is better than what Cyprexx is paying right now.
 

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bluebird5 said:
you got to provide material for this too? So someone can call you out and say we need a 10 foot handrail build out of pressure treated lumber and you got to provide all the lumber, nails or screws and build it for 70 bucks?
That is before they take their discount.
 
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GTX63 said:
That is before they take their discount.
seems rediculous to let someone tell you what they will pay you to do the work. I don't go out to a bid and ask the customer what they will give me to do the work. I tell them what i charge and they can take it or leave it.
 
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bluebird5 said:
seems rediculous to let someone tell you what they will pay you to do the work. I don't go out to a bid and ask the customer what they will give me to do the work. I tell them what i charge and they can take it or leave it.
I think it got that way gradually. Kind of like going down a slippery slope.
 
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bluebird5 said:
you got to provide material for this too? So someone can call you out and say we need a 10 foot handrail build out of pressure treated lumber and you got to provide all the lumber, nails or screws and build it for 70 bucks?
Actually. That number is before their 20% discount. So the end price including all materials and labor is 5.60lf. You cannot even buy handrail for that for the most part. Welcome to our hell. :eek:
 
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5.60 a linear foot? **** AMS only pays 2.25 a lf and I thought that was good. I only paid $2 for a 8 ft piece of 2x4.
 
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