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#310552 - 10/21/09 10:52 AM
Reply to New Companies
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Member
Registered: 08/20/09
Posts: 11
Loc: Seattle, WA
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The question: I'm trying to get into the property preservation business, I have a truck and tools and am looking for work. Tell me where to get work.
Between the lines: I'm too lazy to do any actual research on how this industry works, so give me a handout that will make it easy. Oh and I won't do all the work the banks needs done, but I'll try to take enough from you to make me happy.
Reply: If you're new to the business and trying to figure it out by asking others in forums like this, you're barking up the wrong tree. What you're going to find, is that getting the work is tough and keeping it is stressful. Telling you how I got my work will never happen, because getting it is a long hard road, and there is no manual. Property Preservation companies will never tell you how they got work or where they get it from, because it's hard to get and they don't want you to take it from them.
Answer: Figure it out yourself, because we're not telling you.
Advise: If you don’t mind waiting 2 months to get paid less than you’re owed, you like working 16-18 hour days, working weekends and holidays is something you enjoy, you don’t mind paying taxes on already low wages, you don’t mind losing money because you didn’t follow the procedure properly, you really like processing pictures; then guess what, this is the business for you. I hope you enjoy the ride.
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#310584 - 10/21/09 01:49 PM
Re: Reply to New Companies
[Re: New_Leaf_PPS]
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Veteran Member
Registered: 09/08/07
Posts: 704
Loc: Nationwide
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Bravo! Very direct and to the point without being nasty, like some of the other members have been in past posts. I love it. And I think I like you already, NewLeafPPS.  Linda
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#310589 - 10/21/09 02:34 PM
Re: Reply to New Companies
[Re: allREOpreserv]
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Member
Registered: 11/28/08
Posts: 62
Loc: Northern New Jersey
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I agree, while we all use this forum to get advise (how to handle certain task). It is not a place for free information on where to get business. We all are in the same boat and have had to spend many hours trying to figure it out. While I wish everyone success, I can't place it in their laps.
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#310611 - 10/21/09 04:14 PM
Re: Reply to New Companies
[Re: richb]
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Member
Registered: 08/20/09
Posts: 11
Loc: Seattle, WA
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Linda & richb,
I appreciate that I'm not the only one with these sentiments. I came into this business almost 2 years ago, with a Business degree, years of construction experience, and ambition. Little did I know that I'd sacrifice hundreds of hours and thousands of dollars just to figure out how to get in. After getting in, I have a greater appreciation of the silence of my peers.
On another note, I'd like to express my gratitude to you, Linda, for all the work you've done to educate and share experiences with your peers. I believe these forums are great places to share stories and experiences that can benefit all, and improve the quality of our services.
Forums like this are meant to be an exchange of knowledge, not a marketing gimmick or handout.
"Give a man a fish and he'll eat for a day. Teach a man to fish and he'll eat for a lifetime."
Shane Beck President New Leaf Property Preservation Specialists
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#310945 - 10/23/09 08:24 PM
Re: Reply to New Companies
[Re: ThomasCWTO]
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Member
Registered: 11/28/08
Posts: 62
Loc: Northern New Jersey
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Hello Thomas, In my experience, I have found that the companies want you to also do the winterizations. From a business standpoint, they are not going to call you for everything else and have to call another person just for winterizations. It is really all or nothing.
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#310957 - 10/23/09 09:36 PM
Re: Reply to New Companies
[Re: ThomasCWTO]
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Member
Registered: 11/28/08
Posts: 62
Loc: Northern New Jersey
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In the beginning I wasn't keen on the idea of winterizations either. But I bit the bullet and hired a friend of mine who was a plumber to go on a couple with me to show me the ropes. Thank God he gave me a great discount. He came on 2 of them with me and now I can do them. The funny part though is when he found out how much the nationals pay us to do them. Because as a plumber he and most plumbers charge homeowners 3-400.00 for winterizations. Good Luck
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#310999 - 10/24/09 02:21 PM
Re: Reply to New Companies
[Re: ThomasCWTO]
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Veteran Member
Registered: 09/02/08
Posts: 761
Loc: Massachusetts
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ThomasCWTO. PM me and I'll give you my contractor's phone number. He can probably walk you through the process. He more or less trained himself. I will also add that I've NEVER had freeze damage on a property he's handled. I'm certain you can probably teach him a thing or two also. As others stated, tricks of the trade are generally shared, client contact info is the asacred cow.
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#311166 - 10/26/09 12:11 PM
Re: Reply to New Companies
[Re: ThomasCWTO]
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Member
Registered: 08/20/09
Posts: 11
Loc: Seattle, WA
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Thomas,
My first post was a little harsh, but I was venting frustration at others not reading threads that are already posted here.
You seem truly interested in knowing more about the industry, so allow me to share some of my insight.
- You will need to offer all services. - Some houses will require that you perform work in less than desirable conditions. - The bulk of work orders are distributed by National and Regional Brokers. By Brokers I do not mean real estate agents. (see Safeguard, First American, MCS, Five Brothers, etc.) - Prices paid for services are lower than what you would expect to receive from a private client. If you get over the initial sticker shock and start performing work, you'll find that even at $15-35/CY debris removal, a profit can be made. - In order to work with the Brokers, you will need to be a legitimate business, with proper licensing and insurance. (both G&L and E&O) - You will be in a better position to receive work orders if you cover a larger area and accept a larger volume. Know your limits. - Understand that the photos or lack thereof will determine whether or not you will get paid. As a new company you will experience tough love if you do not provide adequate photos. - Greater profits are made on Bid Approvals, but bidding everything (which is required) can be much longer than processing the work orders. - Bid to be competitive and profitable. Know that you'll often be competing against one or two other local property preservation companies for the same work. - Find an efficient system to both perform the work and processing it. Processing the work orders for the Brokers can sometimes take as long as actually performing it.
Hopefully that helps you get started well.
Shane Beck President New Leaf Property Preservation Specialists
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#311235 - 10/26/09 10:24 PM
Re: Reply to New Companies
[Re: ThomasCWTO]
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Member
Registered: 03/03/05
Posts: 44
Loc: Baton Rouge, Louisiana
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Thanks Shane, I was a little confused on how they work. Here in Charlotte I work with a preservation company in doing their trash-outs. The local brokers hire his company then he hires me to do the trash-outs. You see I am a pretty big recycling company so the stuff that comes out of the houses is what I make money on. He says he does not work with national companies like you mentioned, he only gets work orders from local brokers and said thats what I should do. When they call him it is usually just to do that one thing that they need done. He has just done re-keys or just trash-outs ect. I do have a licensed plumber that is willing to work with me on doing them. He owns a plumbing company here in Charlotte. From what I understand you have to be licensed here to do the winterization, maybe I am wrong. One thing that confuses me is why would a bank or a broker pay more for a national company to hire me, instead of just hiring me. If I will do it for 200 and they tac on 200 more for their profit, the broker is out 200....just does not make since to me. The Nationals have a network of contractors (vendors) and offer one stop shopping for the banks. It is more efficient for most banks to contact one national to handle 1000's of of work orders instead of contacting 100's of contractors to handle the orders.
_________________________
ron da reelta I am not a lawyer, I am not your lawyer, and I am not giving you any legal advice.
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#333834 - 04/04/10 01:38 PM
Re: Reply to New Companies
[Re: Angel Eyes]
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Member
Registered: 01/06/10
Posts: 113
Loc: TN, USA
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When I started the Property Preservation business on the suggestion of one of my asset manager, I was very green. I stayed up every night reading forums getting information but never asked a question on how, why, when. By reading and reading I was able to start a sucess business. It was easy it first lost my first client but now I have them back and one of my biggest clients. It's true the more you read the more you know.
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#334097 - 04/07/10 08:42 PM
Re: Reply to New Companies
[Re: ThomasCWTO]
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Junior Member
Registered: 04/05/10
Posts: 3
Loc: indiana
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Thanks everybody for all the information just reading everything i can find right now and am not new at this either but one line one statement or anything i can find that makes my job better, easier or saves me money am all for
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This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
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