REO Property Preservation Forum banner
1 - 20 of 24 Posts

·
Registered
Joined
·
3 Posts
Discussion Starter · #1 ·
Got on to CL this morning and saw an ad for property preservation. Now I know better but I emailed them anyhow(Works real slow here in CT). They called me up and gave the good old "were one of the leaders in the industry" lines and sent me over a new vendor pack.figured i post the numbers so we could all get a good laugh. For the New guys out there, BE SURE to read the contracts from these CL trollers, this company had hidden fees ($25 program fee, WC fees ECT) in their contractor agreement wich sounded more like a employee agreement


CONTRACT SERVICES PRICE Appliance Removal - (Needs Authorization)
Bid Approval Debris Removal - (All debris including hazards) $20.00 per CYD
Trip Charges - Are applied when you go to the property and there is no work to perform (note: do not charge for a trip when work is complete) $15.00
Locks - $20.00 Locks - Padlock $7.00 Locks- Hasp $7.00
Grass Cuts - (Up to 2,000sqft) $20.00 Grass Cuts - (2001sqft to 15,000sqft) $30.00 Grass Cuts - (Over 15,000sqft or Over 1' Tall entire grass - require a Bid Approval)
Bid Approval Janitorial (Initial and Monthly) $38.00
Pressure Test (as separate client order) $20.00
Thaw Property - (Bid to replace water heater or boiler damaged from freeze) Call for approval
Winterization - Dry $40.00 Winterization - Wet/Radiant Heat $80.00
Install Dehumidifier $200.00
Install Sump Pump $120.00
Outlet Covers ea $2.50
Switch Plates ea $2.50
Repair Pipe Separation $15.00 Cap Pipe $15.00 Cap Wire $4.00 Cap Toilet Bid Approval
Tarping - (Roof or Pool) Call For Pricing Install - Hand Rail Bid Approval Install -
Security Door $75.00
Pump Basement - (Must provide pictures of yard stick/tape measure to show depth) $65 per ft
Boarding Windows ea - (Small 2'x2') $35.00 Boarding Windows ea - (Medium 3'x3') $50.00 Boarding Windows ea - (Large 4'x4') $70.00 Allow Access - 1st Hour $15.00 Allow Access - Additional Hours (Up to 3 Additional Hrs total) -According to work order $10.00 **Work Order Instructions supersede all other instructions **Call Office for Approval to Proceed on Unsecure Properties/Active Leaks/Basement Flooding **Bid Approvals - Anything not on this List requires a Bid Approval **Your Bid Approval Price - Get in Writing/Email **Trip Charges - Only paid when work cannot be completed and billed for at a property
 

·
Business Consultant
Media, Investigative Journalism, Business Consultant
Joined
·
1,431 Posts
Did I miss something???
What is the name of the company offering such fantastic opportunities for us to go broke?????
 

·
Registered
Joined
·
40 Posts
Pretty standard Regional pricing from what I've seen. Margins are pretty narrow all around. Take grasscuts, for example:

MCS recuts pay $60. Minus 25% discount is $45 to the Regional. $30 to the contractor leaves $15 to the Regional, who needs to take out his other costs.

The golden days are over, unfortunately. For everyone in this industry.
 

·
Registered
Joined
·
23 Posts
Just contacted by them today. They're line is "you make your money on bids after you do the initials..." Yup, I was born at night lady, but not last night.
 

·
Registered
Joined
·
256 Posts
re

lol $120 for a sump, last one I did I think I spent about $85 for the pump and fittings.

Only thing not terrible on that list is dehumidifiers, $200 is reasonable
 

·
Registered
Joined
·
588 Posts
While all of these prices are a joke and I will not do any work for those prices, apparently there are morons, yes I said morons who are doing the work.
Go ahead and do the work and wait till you figure out that you worked all week and didn't even break even.
I don't care how anybody claims they make money off regional prices sorry but it can't be done.
 

·
Low quality low cost
Joined
·
2,340 Posts
Pretty standard Regional pricing from what I've seen. Margins are pretty narrow all around. Take grasscuts, for example:

MCS recuts pay $60. Minus 25% discount is $45 to the Regional. $30 to the contractor leaves $15 to the Regional, who needs to take out his other costs.

The golden days are over, unfortunately. For everyone in this industry.

This is exactly right and more and more nationals will not do business if you don't cover an entire state. We just had a visit from a national and our "FOOTPRINT" was a big issue. You cannot get the business without the coverage and you can't cover without subs. You have to make some money for processing the work so what is the answer?
 

·
Premium Member
Joined
·
4,096 Posts
And when do they make their money?




When they add at least 60% to your bid before submitting it.


Then cut you 40% upon approval............... They just made 100 times what you did on the job.
 
  • Like
Reactions: thanohano44

·
Premium Member
Joined
·
4,096 Posts
They are out of touch with reality offering a 24 hr turn around.


They are also way out of touch with reality on the pics they show of their lawn care and their main page pics.

The main page pics look like they are trying to advertise for a resort. Not the turd hole properties that most bank owneds are.
 

·
Registered
Joined
·
23 Posts
It makes me wonder what national and regional companies will be around in the coming years.

It appears SG is just swallowing more and more of the contracts, FAS is on their last leg, and regionals are coming and going through a revolving door. Any thoughts?
 

·
Premium Member
Joined
·
4,096 Posts
What are the odds that SG will suck up FAS when their company's value becomes nothing?

Or will they just watch them implode and then snag their customer base?
 
1 - 20 of 24 Posts
Top