What is an initial work order?

6773 Views 25 Replies 6 Participants Last post by reoguys, Mar 22, 2012

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Discussion Starter · Mar 16, 2012

I was called today from someonewanting me to do work from them. Sub of a Sub it seems. I asked alot of questions. Most of wich I learned about on CT. So what does an initial work order consist of? The lady made it sound like it would be worth my time. Would be trash out, lawn, secure house and buildings etc. What are your thoughts?

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Discussion Starter · #2 · Mar 16, 2012

summithomeinc said:
I was called today from someonewanting me to do work from them. Sub of a Sub it seems. I asked alot of questions. Most of wich I learned about on CT. So what does an initial work order consist of? The lady made it sound like it would be worth my time. Would be trash out, lawn, secure house and buildings etc. What are your thoughts?

Summit,
I don't get it. You regularly read this forum and even criticize it's members.

You post things like this:
"How do you guys let your customer tell you what they will pay and let them take the money they paid you back? And still make a profit? Sounds insane to me. "

And this:
"I just don't get it. If the prices posted are the norm then why would anyone do the work..."

And this:
"Why not just stay home and send them a check?"

And this:
"Thanks for convincing me to never agree to do property preservation. I have gotten a call from a couple companies asking if I could go bid some work. No thanks, I'm busy. "

And now are you really considering working for this company????:wacko:

I thought you were convinced??????

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Discussion Starter · #3 · Mar 16, 2012

mt4closure said:
Summit,
I don't get it. You regularly read this forum and even criticize it's members.

You post things like this:
"How do you guys let your customer tell you what they will pay and let them take the money they paid you back? And still make a profit? Sounds insane to me. "

And this:
"I just don't get it. If the prices posted are the norm then why would anyone do the work..."

And this:
"Why not just stay home and send them a check?"

And this:
"Thanks for convincing me to never agree to do property preservation. I have gotten a call from a couple companies asking if I could go bid some work. No thanks, I'm busy. "

And now are you really considering working for this company????:wacko:

I thought you were convinced??????

I do apologize if you took my posts as critizing the members here. It was more trying to understand the work issue between the bank? and the end contractor.I really don't understand how a contractor can let their customer dictate what they will pay. And no one answered that question either. I am still pretty much convinced it's not a profitable thing to do. I asked many questions and had many statements to the caller. Including I'm not interested in driving 60 miles one way to get paid 30 dollars to cut a 3' lawn, or get paid 20.00 to change a lock. Also told them we start the lein process at the 60 day mark of not being paid.when I did say those things, among others, I was assured I would get complete initial work orders. I'm just trying to find out what that means. So yeah I posted what I did and I'm very skeptical. If it is profitable I'm all for it. Just from all I see here there is no profit. If that's the case then I'm not interested. So can you,or will you, answer my original question or not?

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TNTSERVICES

· #4 · Mar 16, 2012

View attachment 67927

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Discussion Starter · #5 · Mar 16, 2012

This post really is moot. I just got an email with what they want done and what they want to pay to do it. Without getting into pricing I can say for sure that there is no way I could do this work and make a profit. 3 of the jobs are within 20 mins of my house. definitely not worth it. Not even close. My original questions still stand though, for the prices they offered me I really would be better to just write them a check and sit at home.

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Discussion Starter · #6 · Mar 16, 2012

By the way, If anyone is in North Georgia I'll be glad to give you this lady's number if you want. Send me a pm it's all yours.

JFMURFY

· #7 · Mar 16, 2012

summithomeinc said:
This post really is moot. I just got an email with what they want done and what they want to pay to do it. Without getting into pricing I can say for sure that there is no way I could do this work and make a profit. 3 of the jobs are within 20 mins of my house. definitely not worth it. Not even close. My original questions still stand though, for the prices they offered me I really would be better to just write them a check and sit at home.

LOL... that is what this business is coming too... just ask "who do you want me to make the check out too"... they'll get the message.

BPWY

· #8 · Mar 16, 2012

Summit the answer to your question is it all depends on what they want to be on the initial work order.

Some places its as little as change one lock and take pics of entire property condition.

Other w/os are very very detailed on what you are doing.

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Discussion Starter · #9 · Mar 17, 2012

summithomeinc said:
. . .So can you,or will you, answer my original question or not?

Yes, I can.

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Discussion Starter · #10 · Mar 18, 2012

From my experience the SG vendors in Northeast GA are quite poor and incompetent. Maybe you can get signed on with SG.

thanohano44

· #11 · Mar 18, 2012

mt4closure said:
Yes, I can.

Can I? Yes

thanohano44

· #12 · Mar 18, 2012

Paradox said:
From my experience the SG vendors in Northeast GA are quite poor and incompetent. Maybe you can get signed on with SG.

That would be nationwide actually.

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Discussion Starter · #13 · Mar 21, 2012

thanohano44 said:
That would be nationwide actually.

agree :thumbup:

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Discussion Starter · #14 · Mar 21, 2012

Here are some of the pictures I took when I checked the property.
No way I can do it for a profit. So I called today and told them I was just not set up for this. They said "I have a forclosure tomorrow can you help?" Hello"??? I'm not set up for this.......

http://s1261.photobucket.com/albums/ii588/summithomeinc/

GTX63

· #15 · Mar 21, 2012

summithomeinc said:
So I called today and told them I was just not set up for this. They said "I have a forclosure tomorrow can you help?" Hello"??? I'm not set up for this.......

http://s1261.photobucket.com/albums/ii588/summithomeinc/

Summit, your setting yourself up to fail. New guys to this biz get the "Rush please, this one is a priority" spiel. That's because they couldn't get another sucker and the order is way late.
The new guy figures he won't get rich but work is work.
Then later you realize thru all of their "work order inquiries" that you didn't use the correct locks, take all of the required photos, or complete the sales clean to their standards. You'll pay for the right locks on your dime, redo the sales clean on your dime, and find out they pay for paint, tires and car batteries as debris only, so your trip to the hazard disposal facililty was out of your pocket.
If you can afford to pay Safeguard (or other National) to teach you this business, then getout there and go get em.

thanohano44

· #16 · Mar 21, 2012

summithomeinc said:
Here are some of the pictures I took when I checked the property.
No way I can do it for a profit. So I called today and told them I was just not set up for this. They said "I have a forclosure tomorrow can you help?" Hello"??? I'm not set up for this.......

http://s1261.photobucket.com/albums/ii588/summithomeinc/

Summit

What type of loan is this? Work order type, REO or PP? What state? I can help guide you through this. to a fair price. Using exactamate PRM will put you close.

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Discussion Starter · #17 · Mar 21, 2012

summithomeinc said:
Here are some of the pictures I took when I checked the property.
No way I can do it for a profit. So I called today and told them I was just not set up for this. They said "I have a forclosure tomorrow can you help?" Hello"??? I'm not set up for this.......

http://s1261.photobucket.com/albums/ii588/summithomeinc/

I think you made the right choice!

Yep. Being properly set up for this business (just like any business) will make the difference between turning a profit, and going broke.
Houses like this one are great moneymakers "IF" you know what you are doing, and are tooled up. Without at least those two things, taking on this WO will cause whining (which is like a mating call for the mods here, lol). I've seen it before!

BTW, this house is an easy one compared to many we see!!

G

Discussion Starter · #18 · Mar 22, 2012

Id love that one!!! Not too bad at all,compared to most

G

Discussion Starter · #19 · Mar 22, 2012

GTX63 said:
Summit, your setting yourself up to fail. New guys to this biz get the "Rush please, this one is a priority" spiel. That's because they couldn't get another sucker and the order is way late.
The new guy figures he won't get rich but work is work.
Then later you realize thru all of their "work order inquiries" that you didn't use the correct locks, take all of the required photos, or complete the sales clean to their standards. You'll pay for the right locks on your dime, redo the sales clean on your dime, and find out they pay for paint, tires and car batteries as debris only, so your trip to the hazard disposal facililty was out of your pocket.
If you can afford to pay Safeguard (or other National) to teach you this business, then getout there and go get em.

I don't see how I can fail Since I plainly said I'm not taking the work. Maybe if I was set up for it. Right now? No. I would need to have the correct locks, hasps, padlocks, knobs, and plywood and boarding materials stocked. I would need a bigger trailer than I currently have. I would need to have guys lined up to work these type jobs. Then I may try it. If I don't have all of those things lined up then I don't plan on doing it. Besides, why would I want to sub from a sub? If I really decide to go after it I would be talking to either the banks or directly to whoever they hire to do the work. If it doesn't profit, I'm not interested. I don't gamble either. It needs to be a sure thing.

G

Discussion Starter · #20 · Mar 22, 2012

mt4closure said:
I think you made the right choice!

Yep. Being properly set up for this business (just like any business) will make the difference between turning a profit, and going broke.
Houses like this one are great moneymakers "IF" you know what you are doing, and are tooled up. Without at least those two things, taking on this WO will cause whining (which is like a mating call for the mods here, lol). I've seen it before!

BTW, this house is an easy one compared to many we see!!

Thanks for letting me know it was easy. To me it looked like a nightmare.

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