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IMPORTANT ANNOUNCEMENT FOR ALL REO VENDORS: 

Dear Business Owner,

If you are interested in actually making some real money in the Property Preservation industry... then this might just be your lucky day. Just to make sure you and I are on the same page, I want you to understand that everything you're about to read here is 100% accurate and backed up with factual information. Just like at my website Property-Preservation.us, my reputation is on the line and I don't take that lightly.

Anyway, what you're going to read right here is probably much different than what you may have heard from some of the "self-appointed-experts" out there. And it's completely different than anything you might have heard at any of the Property Preservation forums.

You might be wondering why in the heck you should listen to me.

That's what I would be thinking to myself if I were in your shoes. Here's why you should listen: I've been kicking ass in this industry since 2007 and I haven't had to clean out 1 measly toilet the entire time. And I have been self-employed since the mid 1990's, running my own construction and real estate related businesses the entire time.

What do I mean by "kicking ass"? Here's a small sample of weekly checks my company receives from just 1 of our clients. And yes... I said WEEKLY. BTW, please don't mistake this as anything other than me providing you with factual evidence to show you that I know what I'm talking about.

Note: The only time I make a copy of any invoice checks is when I am sorting out an issue with one of my invoices, if I received a chargeback or some other discrepancy that needed resolved with my client. This is an average sampling of checks we received from this one client, out of the several hundred or so that we have received from them since 2007.

Before I get too far ahead of myself, I'd like to take a moment to answer a some of the most commonly asked questions about this side of the Property Preservation Industry.

"So how did you get started doing Property Preservation & REO Rehab Repairs?"

It all started in 2007 when I stumbled into the world of Property Preservation with very little money saved because of a few bad real estate investments I made right before the market made its turn for the worse. The only things I had going for me was the mindset that I either had to make this new business work or face the risk that my family could possibly become homeless. And I also had the previous experience from being self-employed for the 10 years prior.

I didn't have any "rich" family members at the time and my credit rating was so bad I couldn't even finance a piece of bubble gum. But instead of dwelling on what I didn't have, I made a conscious decision to focus on doing my best with what I did have. And I made a promise to myself that I'd stay away from alcohol, drugs and ALL "negative people". I had to remind myself of this philosophy every day but after a few weeks, it really sunk in and became a habit.

Surprisingly, I wasn't as stressed out as I thought I would have been by starting a new business without enough operating capital. Back then I used to spend a lot of time mentally visualizing how my situation could actually work itself out, even without adequate funding.

I don't know what your situation looks like right now but that was mine when I first got involved in Property Preservation.

This next question is actually quite important to me when I am conducting business with someone on the internet.

"Why am I sharing this information with you, especially since it's so valuable?"

This is one question that I always like to know so I'm gonna deal with it right away. I'll give you the "short version" out of respect for your time. My own Property Preservation repair business is running very smoothly right now. Everything is very much under control and I am content keeping it at the current $2 million dollar per year level. But because I spent so much time early on designing and implementing some really efficient "business management systems", I have more free time than I know what to do with.

But it's not my style to sit around and do nothing. So I decided to create an additional stream of income by sharing my knowledge about this business. The other option I considered was to jump into a completely different industry and start a new business. But that didn't make as much sense as sharing my business experience with people and it certainly wouldn't give me the same level of pleasure. 

"What was I referring to earlier when I mentioned something about a different side of Property Preservation that is supposed to be more profitable?"

I was talking about the Property Preservation repair jobs and the REO Rehab projects. These are two distinct areas within the Property Preservation world that can be quite profitable, if you put the effort into really learning about them.

Contrary to what you may have heard, there's not a whole lot of competition when doing the repair work, because most people are more interested in what I consider to be the "crappy maintenance type work". I think some people are under the assumption that they might not be qualified to do the construction repairs even though you have to jump through all the same hoops and aquire all the same pricey insurance policies regardless what area you decide to specialize in.

"Why the heck are the banks spending a bunch of money fixing up these houses anyway?"

It's actually fairly simple: Many of the banks have conducted research that shows them that it is cheaper for them to actually put money into these houses than to try to sell them "as is".

All of the research shows that repairing the foreclosure houses benefits the banks because it:

1) actually costs the banks less money compared to not repairing

2) helps the properties sell faster

3) causes them to be sold for more money

4) banks are trying to clean up their reputations by joining in the fight against "neighborhood blight"

5) cities across the country are imposing enormously large fines when there are code violations thereby making repairs mandatory

Those of us "in the know" have known about this research for the past few years and we have received a ton of additional work because of it.

Look, I'm not trying to blow smoke up your "you-know-what". Everything I just described is 100% reality. I'll be the first one to tell you that if someone like me can do it (I'm definitely a procrastinator and I'm not very book smart) then you're really a whole lot closer to this lifestyle than you even know. 

Here's a little secret that I learned over the course of the last several years but that you won't hear from anyone else...

The 1 true difference between a guy like me (who loves being a P&P Vendor) and the other guys (who spend their days whining to each other on the forums) is that I actually listened to my clients when they told me how to estimate a job in order to get it approved!

I'll prove it to you... 

Visit any of the Property Preservation forums and you will hear many, many people complaining about the maintenance work. In fact, most of the Property Preservation industry forums have become plagued by mostly unsuccessful P&P Maintenance Vendors with a chip on their shoulder, who spend most of their workdays discussing how terrible their clients are with each other. BUT THERE'S ANOTHER GROUP OF PROPERTY PRESERVATION VENDORS YOU NEVER SEE AT THESE FORUMS... THE REPAIR VENDOR!

Property Preservation Repair Vendors are too busy making money to complain!

Believe this - I would not be telling you about my little REO Estimating System if I wasn't 100% convinced it was one of the top 3 most important skills that will propel you forward in this business.

This system took me every bit of 5 years to fine tune and I lost many thousands of dollars while trying to get the pricing figured out.

Because of my efforts, I know exactly what I have to charge so that I make a profit on each and every job, regardless if it is a roof replacement, an entire gut rehab or an extensive water damaged property repair. My estimating system brought me steady chunks of cash flow, without taking up much of my time, since it is completely automated.

We managed to process over $2,000,000 worth of work per year (on average) with an "Estimating Department" that consisted of 2 part-time employees and a handful of subcontractors, all because of a simple but very unique estimating system that was designed in such a way so that it eliminated 95% of any potential mistakes that could be made.

And by part-time, I mean my estimator/secretary spent less than 15 hours per week preparing and uploading all of the estimates to our clients websites and we had our own in-house inspector who physically drove around 2-4 days per week inspecting and taking photos for the estimates.

This estimating system is worth ten times its weight in gold to anyone who is serious about creating a Property Preservation repair business.

It details nearly every type of repair project you will ever need to know about. Each of the individual estimate templates presents the bid information in a format that banks and national Property Preservation companies love seeing - so that they will be able to approve more of your estimates, faster than your competition. And I know because I have reviewed about a dozen or so estimates from other contractors and with 100% honestly I can tell you that nobody is using anything even remotely similar.

The Ultimate Property Preservation Estimating System