[ROBBIEZ91]

Whats up guys Im rob, I work with AMS. Were the NEW owner of the Fannie MAE contract for all of CAli, Oregon, PA, NJ, DE, Michigan, Nebraska, Maine, and NH. We have other states as well and are always looking for contractors for HUD, FANNIE, FREDDIE and Bank of America. Shoot me an email and let me know if anyone has questions.

[email protected]

 

[SwiftRes]

Whats up guys Im rob, I work with AMS. Were the NEW owner of the Fannie MAE contract for all of CAli, Oregon, PA, NJ, DE, Michigan, Nebraska, Maine, and NH. We have other states as well and are always looking for contractors for HUD, FANNIE, FREDDIE and Bank of America. Shoot me an email and let me know if anyone has questions.

[email protected]

Hey rob, could you post up your price list?

 

[BPWY]

Hey rob, could you post up your price list?

I wouldn't hold my breath!!!!!!!!!!!!!!



Plus it'll be so low that you won't break even on average.

 

[SwiftRes]

I know I'm following the other post, was just seeing if we could get it.

 

[BPWY]

If memory serves me it was $565 flat rate and less several years ago depending on where you were working. Rural areas would get closer to that figure than what city contractors would get.

If history with the other services companies is an indication you can rest assured it DID NOT go up from there.

 

[ROBBIEZ91]

If memory serves me it was $565 flat rate and less several years ago depending on where you were working. Rural areas would get closer to that figure than what city contractors would get.

If history with the other services companies is an indication you can rest assured it DID NOT go up from there.

Actually that is FALSE... Each State is different because of different gas prices, dump prices etc. If your interested pm me with contact info and will give you the pricing for your area. And EACH BACK IS DIFFERENT AS WELL WITH PRICING!

 

[BPWY]

Actually that is FALSE... Each State is different because of different gas prices, dump prices etc. If your interested pm me with contact info and will give you the pricing for your area. And EACH BACK IS DIFFERENT AS WELL WITH PRICING!

Believe me I'm not interested.


Since dropping all bank work and doing all private local work my business life is SOOOOO simple compared to before. Its almost like a breath of fresh air.
BTW my customers pay in two weeks or less from date of invoice with out any special BS hoops to jump thru. Some even prepay.

When AMS starts offering that........... I might think about it. For a few seconds.

 

[ROBBIEZ91]

Thats fine if your not interested. I figured if people were slow and looking for extra work its available. We pay better then most of the other Asset managers and i personally havent heard of any crazy "hoops" to jump thru. To each their own i guess.

 

[BPWY]

I was referring to AMS's early pay hoops.


Its BS that bank work in general drags out payment to 90 days.
Some cases has been a lot longer than that.

I don't even want to accept 45 days after date of invoice.

I did the work, now its my money. Pay up. 2 weeks is plenty long enough to get an inspector out to verify the work was done and process payment.

Try going to Lowes, or HD or the gas station or buying all of the other P&P supplies.
The landfill ect and tell them that you'll pay them when you get paid.
They'll tell you to F off. Its BS to expect the contractors to float some body else's business for 45 to 90+ days.

 

[ROBBIEZ91]

i understand. I ran a landscaping business for years and i know its a huge strain to float the money like that. Our longest pay schedule is 45. We have 15 as well which is cool becuase when you get your pics in and work done on time you get a higher rating and you get a discount between 13-15% instead of 20% so its better in those aspects in comparison to safeguard and others. We just got 8 states from Fannie Mae because they lost the contract

 

[BPWY]

We just got 8 states from Fannie Mae because they lost the contract

What about the states you guys lost?

 

[JenkinsHB]

I'm fairly certain you do not pay better than most other companies. You might want to back that statement up.

 

[ROBBIEZ91]

according to most contractors that i have talked to, that is a true statement especially with the deductions that safeguard is supposedly known for. Like i said just what i have been hearing from contractors. and We havent lost any large/ key states. Only the slower ones which isnt a bad deal.

 

[mtmtnman]

according to most contractors that i have talked to, that is a true statement especially with the deductions that safeguard is supposedly known for. Like i said just what i have been hearing from contractors. and We havent lost any large/ key states. Only the slower ones which isnt a bad deal.

You "gave up" Montana and South Dakota to Safeguard as your costs where high due to not enough contractors who would work on the cheap. This info was on the contractors audits when they came out last week but the contractors can get NO FURTHER INFO. Brokers are pissed as well as they don't want to deal with SCREWGUARD. And as far as cheap? I know Utah contractors that AMS was trying to hire to do sales cleans, 25 Cu Yds of trash, 1 acre lawns and wints for a combined total of $375. When they tried to negotiate up they where told "thanks but no thanks" That same scenario working direct with Fannie Mae would pay around $1,600 With the prices ALL of you nationals have been quoting in the last year or so it looks like you have cut your own throats by negotiating too low to get the contract in hopes of finding some poor broke sucker that has and empty stomach and will do anything for a dime. I personally have seen the results of this in crappy work and routinely am hired direct by brokers to fix nationals screw ups. Just because your company crews will work for $10 an hour don't me an independent contractor with trucks, trailers, mowers, snowplows, work comp, general liability ins, Ect. can or will.......

 

[hammerhead]

you "gave up" montana and south dakota to safeguard as your costs where high due to not enough contractors who would work on the cheap. This info was on the contractors audits when they came out last week but the contractors can get no further info. Brokers are pissed as well as they don't want to deal with screwguard. And as far as cheap? I know utah contractors that ams was trying to hire to do sales cleans, 25 cu yds of trash, 1 acre lawns and wints for a combined total of $375. When they tried to negotiate up they where told "thanks but no thanks" that same scenario working direct with fannie mae would pay around $1,600 with the prices all of you nationals have been quoting in the last year or so it looks like you have cut your own throats by negotiating too low to get the contract in hopes of finding some poor broke sucker that has and empty stomach and will do anything for a dime. I personally have seen the results of this in crappy work and routinely am hired direct by brokers to fix nationals screw ups. Just because your company crews will work for $10 an hour don't me an independent contractor with trucks, trailers, mowers, snowplows, work comp, general liability ins, ect. Can or will.......

+1+1+1

 

[BPWY]

according to most contractors that i have talked to, that is a true statement especially with the deductions that safeguard is supposedly known for. Like i said just what i have been hearing from contractors. and We havent lost any large/ key states. Only the slower ones which isnt a bad deal.

I'd recommend you check the attitude if you want to get very far with contractors that actually know what they are doing. Playing lord might work with FNGs that do not have a clue what they are doing and are willing to work for cheap.


Dropping those states may have been a good deal for you, but what about the contractors that are now out 1/2 or more of their monthly income they were counting on paying the light bill, the heat bill, clothes for the kids, food for the kids and the rent???????????


WAS IT A GOOD DEAL FOR THEM?

 

[ROBBIEZ91]

i only said that because we picked up a large amount of properties in the other states and safeguard took over the states we lost. We passed on our list of working contractors in those states to safeguard so that they would be contacted and hired to stay working. Im not into taking food off of peoples tables. i was a contractor once i know what its like to do what you guys do and have to bust my ass for everything i have.

 

[mtmtnman]

i only said that because we picked up a large amount of properties in the other states and safeguard took over the states we lost. We passed on our list of working contractors in those states to safeguard so that they would be contacted and hired to stay working. Im not into taking food off of peoples tables. i was a contractor once i know what its like to do what you guys do and have to bust my ass for everything i have.

And with Screwguard requiring E&O insurance at $2,000 - $3,000 per year on top of general liability not to mention they pay LESS than AMS here, most will not sign up. I for one was only able to make $$$ with AMS on a negotiated flat rate as 80% of the properties i did where cash for keys but my average labor cost for cleaning alone was $150- $200. Some may do ok with Safeguard @ $32.50 a cu yard but out of 80+ properties a year i rarely saw any of the 20% that where not cash for keys with more than 5-10 yards.

Also Screwguard is setting themselves up good to charge back contractors. Now the requirements are a 3' x 3' poster board lying on the floor and pile the trash by it to "justify" Cu. Yds. Then you have to have photos of a "MARKED" trailer, empty, 1/4, 1/2, 3/4, and full with dimension showing in the photos. Miss a photo and your screwed!! They also have screwed up "Zones" For example, we had one property 90 miles away that we where provided an extra trip charge on from AMS. Not Screwguard! If it's in your zone, you do it no matter what. 180 miles, 3 hrs driving, 1 hour at the property to cut an acre all for the standard routine pricing.

All in all i see it falling apart for Screwguard VERY fast. Maybe it will go back in the brokers hands where i started out 3 years ago shortly before AMS came along......

 

[SwiftRes]

And with Screwguard requiring E&O insurance at $2,000 - $3,000 per year on top of general liability not to mention they pay LESS than AMS here, most will not sign up. I for one was only able to make $$$ with AMS on a negotiated flat rate as 80% of the properties i did where cash for keys but my average labor cost for cleaning alone was $150- $200. Some may do ok with Safeguard @ $32.50 a cu yard but out of 80+ properties a year i rarely saw any of the 20% that where not cash for keys with more than 5-10 yards.

Also Screwguard is setting themselves up good to charge back contractors. Now the requirements are a 3' x 3' poster board lying on the floor and pile the trash by it to "justify" Cu. Yds. Then you have to have photos of a "MARKED" trailer, empty, 1/4, 1/2, 3/4, and full with dimension showing in the photos. Miss a photo and your screwed!! They also have screwed up "Zones" For example, we had one property 90 miles away that we where provided an extra trip charge on from AMS. Not Screwguard! If it's in your zone, you do it no matter what. 180 miles, 3 hrs driving, 1 hour at the property to cut an acre all for the standard routine pricing.

All in all i see it falling apart for Screwguard VERY fast. Maybe it will go back in the brokers hands where i started out 3 years ago shortly before AMS came along......

Again, greatly depends on your zone and rep. I get 2-3 trip charges per week for my maintenance zone($0.50/mile). I don't request them on every WO but I do periodically to help justify the driving we do to cover the zone, as we can usually route WOs which helps ease the driving time.

As far as CYD justification, I've never been dinged for not having marked loads. On the REO side they want white boards showing "Bedroom 1 - 5 CYD" or whatever, but that doesn't take too long. Haven't had anyone ask me to do anything with cardboard cutouts. REO is at $32.50/CYD but P&P is still $40-$50/CYD. I do measure the trailer/dumpster and take pics of that when job is done, but I think that's always good practice no matter the national, to backup how much debris was removed.

FAS tried offering me a flat rate for ~$700 for a property. I showed them the math of what Safeguard would pay and it was around $1200 for the same job - not including the fact that SG had allowables for all the other work needing done on the property(tarp, dehumidifier, smoke/carbon, etc), which would have made it about a $2100 job in one trip. FAS wanted the debris, cleaning and yard done for $700, and then each item bid(which none were approved). I ran the math on Cyprexx and even they came in at $1100 for that same job(but again, rarely approvals on "extras", and even then it's a second trip).

Not familiar with AMS's pricing structure as I hate to spend a lot of time to fill out a huge vendor package prior to getting pricing.

BUT, bottom line, yes, it's good in the hands of the agent. It's good to be accountable to someone local that can see your job, and also shares in the benefit of you doing a good job(house sells faster, higher price, etc).

 

[mtmtnman]

Again, greatly depends on your zone and rep. I get 2-3 trip charges per week for my maintenance zone($0.50/mile). I don't request them on every WO but I do periodically to help justify the driving we do to cover the zone, as we can usually route WOs which helps ease the driving time.

As far as CYD justification, I've never been dinged for not having marked loads. On the REO side they want white boards showing "Bedroom 1 - 5 CYD" or whatever, but that doesn't take too long. Haven't had anyone ask me to do anything with cardboard cutouts. REO is at $32.50/CYD but P&P is still $40-$50/CYD. I do measure the trailer/dumpster and take pics of that when job is done, but I think that's always good practice no matter the national, to backup how much debris was removed.

FAS tried offering me a flat rate for ~$700 for a property. I showed them the math of what Safeguard would pay and it was around $1200 for the same job - not including the fact that SG had allowables for all the other work needing done on the property(tarp, dehumidifier, smoke/carbon, etc), which would have made it about a $2100 job in one trip. FAS wanted the debris, cleaning and yard done for $700, and then each item bid(which none were approved). I ran the math on Cyprexx and even they came in at $1100 for that same job(but again, rarely approvals on "extras", and even then it's a second trip).

Not familiar with AMS's pricing structure as I hate to spend a lot of time to fill out a huge vendor package prior to getting pricing.

BUT, bottom line, yes, it's good in the hands of the agent. It's good to be accountable to someone local that can see your job, and also shares in the benefit of you doing a good job(house sells faster, higher price, etc).

With direct broker work i don't have to take ANY action photos or justify a thing. Bids are approved, Job gets done, Check in 2 weeks....