Property Preservation Companies

HERE’S WHAT YOU WILL FIND ON THIS PAGE
– Current list of the Property Preservation Companies who are always recruiting new vendors with links to their online vendor applications.
– Contact info for the Field Service Manager contract winners in your state… These companies contract directly with HUD.
– Everything you need to know about the handful of industry leading National P&P Servicing Companies… These guys basically control the flow of work in this industry so we created an individual page for each company, with news about them and direct links to their social media, websites and online vendor applications.
– Several insightful articles to help you better understand what it’s like working with these larger organizations.

Every single piece of information I placed on this page was done so you can quickly and easily conduct research about all of the most active Property Preservation client companies.


Why Do So Many Small Property Preservation Companies Have Problems?

Most Property Preservation business owners change the quality of their service based on problems going on in their life. They also love to give excuses every time a difficult situation comes up. Because of this, national Property Preservation companies burn through tons of vendors on a regular basis. Here are a few tips to help you avoid the same fate.

As smaller Property Preservation Business Owners, it is our job to do whatever we have to do to make the employees who work at our Property Preservation Client Company job a little easier. It is easy to forget that you are actually working with an employee at your client’s company and most employees have managers and bosses that they have to report to.

Do not let your personal problems or lack of money interfere with your job to provide an “above-average” quality service to your client, 100% of the time. This sounds a lot easier than it will be to actually implement. Train yourself to become a resourceful business owner and you will be able to avoid letting difficult situations stop you from getting the job done.

Thinking you can just give your clients excuses instead of finished work is a very easy habit to fall into and a very difficult one to break. The secret is to get into the habit of coming up with excuses or “reasons” why you must overcome whatever is standing in your way as well as ways for “how” to do it. This is a simple yet powerful little tweak. Habits are hard to break so don’t expect this to be an easy thing to do.

Give your client the services they are paying you for, every single time and don’t fall into the habit of making excuses. Complete your work orders exactly as your clients want it done and if you run into a tricky situation, make sure to document everything with photos and a thorough description so that your client can easily understand the difficulty of the situation. Also, get used to learning from your mistakes and keeping you emotions in check. If you follow these rules then your clients will never have a reason to get rid of you.


The Industry’s Most Active National Property Preservation Servicing Companies

The following companies are the industry leaders. In other words, they control the majority of the Property Preservation work on a national level. So we created an individual page on this website for each of these leading companies with only the most helpful, UNBIASED information, for you to use when determining who to work with as an REO vendor.


List of Other Property Preservation Companies With Links To Their Online Vendor Applications


Why Do Some National Property Preservation Companies Tell Me Where To Buy My Insurance?

Most of the national Property Preservation companies who have implemented this requirement have done so in an attempt to minimize the financial losses they have to incur because of an under-insured vendor. Most people are surprised when they learn that charge backs of $50,000+ are not uncommon in this industry.

Think about this for a moment: If someone who worked as a subcontractor for you suddenly dropped their insurance and you were not notified by your subcontractor’s insurance agent, and then this contractor proceeded to make a mistake that caused several thousands of dollars worth of damage – How angry would you be when you found out you would be held responsible? How many $50,000 hits would it take for your own insurance company to drop you? And what if you ended up being personally sued because of this mistake?

So contrary to the conspiracy theorists out there who think otherwise, these nationals are not only looking out for the best interests of their own companies, but they are also helping their vendors maintain the correct coverage. Because if a vendor doesn’t have the correct insurance policies then they will be held personally liable for the damages caused by them or their crew members.


2012 Field Service Manager Contract Winners

PLEASE NOTE: The below graphic shows the current contract winners; however, many of them hire larger National Property Preservation Servicing Companies to handle the maintenance and repairs. So even though the contact info is shown for each company, it will be futile attempting to contact them.

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Comments

  1. Hello. I am interested in starting my own business to get contracts for property management. What would I need to do to get started?

  2. started my own P&P company.. Dealing with a couple different vendors but ultimately looking to get in bed with the banks directly..

    1. Barry,

      I have formed my own PP company in Oregon and was wondering if you had any luck getting direct contact with banks instead of going through on of the National Preservation companies.

      1. Little tip. CONTACT THE BANKS. It’s that simple. You’ll either get a yes or a no answer. Sadly, with the amount of 2nd, 3rd, 4th, 5th, so on and so forth, parties out there, there is a 99.99% chance of the banks saying no. All you can do is keep trying. Keep at it and don’t slack on calling them every chance you get until they hand you a chance.

        1. And how many guys just starting out can stay afloat during the 30 – 60 – 90 days it takes for the banks to pay? If youre just starting out it would be better to go with a sub and get your experience up and get some $$$ saved away. Slowly start taking on work orders direct from the banks while still working with a sub. If youre going to start a business you have to be smart about it

          1. you have to save that cash up before you step out the gate…enough to cover initial start up fees and at least three jobs in before things smooth out…..our plan is to not pay ourselves the first three jobs but take every dime and reinvest it in the base company…..but you have to hold on to that day job a little longer and do clean outs on weekends or take vacation days to start up your new business. its tough…you gotta work your ass off…..

  3. Hello. I am interested in starting my own business to get contracts for property management. What would I need to do to get started?
    R

  4. I have been doing field work for over 6 years and am looking to become my own company and branch out. How would I go about doing this? I would like to work with the big boys and hire subcontractors to do the p&p work. I have been a vendor for larger companies already on my own but would like to expand in the subcontracting side.

    1. Yes you must have GLI and if you are sole prop then you need just a ssn if you have more than 2 people you need at the very least a dba. Most companies want proof of workman’s comp as well some states do not offer or require it and you must get an exemption in order to work for them.

  5. Nationwide P .P. Companies are a joke. They pay unrealistic prices. The only way you succeed is by hiring illegals, which almost every company does. I’ve been in the business 35 years. Helped write the Fannie and HUD specs in the 80’s. The reason why they go through so many companies, is because the companies they hire can’t do a proper job with their low paying “specs”. Thus, every company quits in about 2 months after they realize their working 7 days a week and barely turning a profit. Fannie knows the game there playing, but, they turn a blind eye. Do yourself a favor. Stay away from almost every company on this list. NFR is fair, last time I worked for them.

    1. I’ve been doing p and p for 8 years now. Number of employees, counting myself? 2. After the first year, I found myself bringing in $165,000 a year. 8 yrs and yes, that number has definitely risen. Look, it’s simple work. Communicate with your people. Don’t lie, cheat or cut corners. Don’t be like the idiot posting above me. And pictures, pictures, pictures! If I can do it, anybody can.

      1. Thanks for positive outlook. I would like to get started in this industry any advise on where or what I should start with? Thanks

      2. Jason,
        are you working w/the national companies? I’m only seeing offers of $5 per stop thru a company (BRP)

        What companies pay the highest per stop that you’ve worked with.

        I’m new to my are in TN and have been doing these past few weeks, but now they have no more leads for me.. well, maybe 1 or 2, but they are 50+ miles away.

        just trying to make sure I get the most out of these stops.. as I’m losing $$ at $5 per stop. LOL.. thanks

      3. Hi Jason,

        I’m just starting out. I’ve sign up with one of the above company’s doing inspections. I would really appreciate some advice. I’ll send you my contact.

        Thank you.

      4. I just graduated and earned a Bachelors in business and would love to get back to the work I did prior to school; however the companies I worked for no longer exist (Core-Logic, and IPSNW). I would like help getting those contracts myself and maybe starting back up with my brother. Any help would be great. I’ve been googling and reading through these kind of forums, but hard to get a real feel for what direction to take. Thanks

      5. Looking for advice on how you are making that much. We’ve been doing this for a year or more now and are barely getting by

      6. Idiot? It’s the truth, they embezzle money out of our workorders. You below, probley have loyal company.

  6. Hi I’m live in the Chicago /Northwest Indiana area. I’m interested in starting my own pp business. Can you give me more insight and direction?

    1. I am looking to expand my mold inspection and remediation services. Currently cover Metropolitan Chicago Area, including Rockford and Normal/Bloomington cities, Northwest Indiana and Southeast Wisconsin. Have been in the mold business over 10 years with all the professional accreditations & certifications.

  7. Hi,
    I am based in the downstate NY area and I am interested in property preservation, but it is as if all the clients have all the vendors they need and I am not getting any responses. I have applied to several companies. I have all the insurances necessary.

    1. You have to make sure you are contacting the correct “Contract Holders” because they almost change every year.
      You also want to make sure that you are going directly to the source not the middle man. Even though it’s a national company they may not hold the contract and may partner with a company that does have it and cut the prices so they can make money.

  8. I’m in the St Louis region and I have been ROBBED by a couple of companies now. One that flat out had me invest over 10K in doing jobs and didn’t pay and the other that expects you to invest 1K in roofing supplies NOT including labor to make 800.00. There has got to be a better way.

    1. You are going through some really bad ones then. Hope it’s not “Fakeguard” if you know who i’m talking about. But the companies that have the HUD contract they will pay. It may take 30 days but they do pay.

  9. My husband and I are in the process of starting our business. Some of these applications are terrible. This is probably a really stupid question but I need help. When they ask for our standard trip chard and they say theirs is $25 am I supposed to up the charge on my end or is that simply all that they are going to pay?
    Thank You

    1. Hey Courtney,

      Most companies will only negotiate a certain price for trip charges. The company I am with pays trip charges a couple of different ways plus I am able to request an amount which usually always gets paid especially if they are desperate. The simple thing to be successful is this- Do great work, communicate and document. Do all of these and you will do great. I know of a vendor who has made almost $60,000 so far this year. The money is there

  10. “Give your client the services they are paying you for, every single time and don’t fall into the habit of making excuses. Complete your work orders exactly as your clients want it done and if you run into a tricky situation, make sure to document everything with photos and a thorough description so that your client can easily understand the difficulty of the situation. Also, get used to learning from your mistakes and keeping you emotions in check. If you follow these rules then your clients will never have a reason to get rid of you.”

    I love this if you give what they pay for then property’s would fall short of getting preserved. you can tell i have been in business 8 years i have work for almost every company on this list and what it comes down to it is
    your not going to become rich doing this kind of work.Some company’s you might break even alot of company’s they will want you to bend over backwards for and dont get paid what you think you should get your best bet is to weed out the bad ones and do a great job for the good ones that pay you and dont have excuses another thing is most company’s that you deal with the ones that have the most property’s in your area are the ones that pay the least or they want you to do the job for lesser then you would average get thats because they are doing cheaper for the banks or who ever there getting them from so they get the contracts.So do your research on companys go through sites like http://www.ripoffreport.com and find out who you are dealing with before you start working for them

    i hope these helps someone trying to get into this kind of work

  11. Hello everyone,
    I’ve been in business for about 5 months now. I have applied with about 8 national companies. Safeguard contacted me and I started doing inspections for them it’s was great…got over 140 stops within the first month BUT after the first month I realized I was spending more in gas and running my truck than the 4.25 they were paying me per stop. I had to let them go. I few weeks ago I answered an ad on Craigslist and got work done few grass cuts so far not a national company but it’s work.
    Am in the Central Florida area and have all the insurance necessary and equipment to complete any work order.

    1. Hello MSPM,

      You and I are in the same area. Once you applied how long did it take Safeguard to contact you? Were you working a full time job while doing the inspections with Safeguard? If so were you able to complete inspections on time? Safeguard was paying $4.25 for each stop where paid on a monthly bases?

  12. Please use ripoffreport.com I just got bit by a company that after making me bend over backwards, is doing everything possible to not pay me.
    Even if it’s an older report, these guys don’t change. I should have listened. The stricter they claim to be, stricter they are with getting payment to you. The staff doesn’t help, they will do anything possible to make life miserable for you. You’re left out in the cold. They figure, works done, Fannie Mae/ banks pay them, so they’re fine, in the mean time you can go broke working with them with all the requirements. Please be careful, this business isn’t for the faint of heart.

  13. I have only been doing this for about 1 year now, but I’m loving it. Yes there are headaches at times, but its that way with any job. I have been watching forums and comments like the ones here, and for the most part I can answer the 2 main complaints with simple solutions. The first complaint is that the big companies don’t pay enough and the vendors end up losing money. The solution is to use the bid approval dispute system that most of the larger companies have in place. if you write it right and have proper documentation, explanation, and materials cost, then its not hard to get the higher prices approved. The second complaint is that once the work is done they do everything they can to not pay us because of all of their requirements. The solution to this is even simpler. Just do what you are supposed to. I personally have a folder of printouts in my truck. It contains the requirements for each work order type and each loan type. I also carry checklists for each work order to make sure everything was done. I also insist on printing the work orders rather than just glancing through them on my phone. It is easier to get everything done when I have the full order and the checklist in my hand. I still make some small mistakes and get reopened orders from time to time, but when I do I accept it because it was my mistake and is my responsibility to correct it.

  14. I’ve been doing this for about 3 years now. I agree with the posts above– DO YOUR RESEARCH BEFORE WORKING WITH ANY COMPANY! I did work for a few companies in the beginning and got burned. Now I make sure that I know all I can about who I choose to give my information to. Watch out for the husband/wife teams! They pay for the grass guts, but not the big jobs. Even with all the photos (I typically get 150-200 per prop depending on sf), they find a way to not pay, and if you have to rent a dumpster, you lose more than they pay. And also, printing out the work order does give you everything you need to make sure you don’t miss anything and get it sent back for a follow-up. (Plus you have the proof you need to cover yourself if the cops show up). There are so many people trying this now which makes it tough. Do what your supposed to do and the orders will keep coming to you.

  15. I started this the beginning of the year and there are a few up and downs if your using this as a stepping stone to do other things it is great but if you are trying to get rich remember you are subbing work from a bigger company. All in all I will tell you the first 2-3 months are a nightmare you run through money fast but when the checks start to come in you will balance out. Notice I did not say get rich you wont do that at this level they tell you of the millionaire vendors but I look at the price list and I cant see that. Think about it a winterazation pays you $100 anti-freeze is between $3-$5 per gallon you use 2-3 gallons per two bathroom houses the wraps for the toilet the gas and the time you are looking at a $30-40 profit without the time you are there 30 minutes to pressure test empty the water heater. This business is to get you working until you can move on or if you want to work forever if you have drive you will be out in maybe two years doing something different if you are lazy you will be bitter like some on this page. This is a good business FOR NOW but be very careful you are working for someone who is working for someone $h1t runs downhill. Good luck guys hope I was helpful.

  16. so its 2017…whats the market like now? is there enough business out there? if youre not getting paid id hire an attorney to send them a nice letter….itd be worth the money to pay a lawyer. id go after them w/o backing down…polite but firm….turn them in to the bbb…..share their name on blogs like this to shut down their vendor options…remember they do need you to. how much are you guys putting into marketing? is ur name one easily remembered? it sounds like the market is saturated to me….im having doubts now as to whether this is a good idea or not. ill def be doing more research. and im not going w these big guys as a sub…im going to stay local and make that a selling point. a friend of mine worked for safeguard and this guy owed her 9,000 dollars in employee pay before she just gave up helping him…..just bc you may be ‘the little guy’ that does not mean you dont deserve the same respect as the big shots…..give every job ur absolute best…hire efficient people who are on the ball….cleaning jobs are all about getting it done as quickly as possible to give u a decent hrly rate…people who talk a lot, slow walkin’ , slow talkin slow everything is not going to work. you can be quick AND good. idk…doesnt sound like many happy customers w this book…imo this company is getting rich from book sales and ‘mentioning fees’……how many times did they refer you to ‘some place else’ instead of just supplying the information? theyre killing it by being in the ‘recommendation’ business.

  17. Hi everyone,
    I am just getting started and am signed up with several companies that are keeping me busy providing occupany checks and property inspections. I am trying to sign up with more companies to eventually do this full time, but I am having a problem finding an insurance company that offer GLI on an as need basis or at least avery low monthly payments. I, especially since I don’t want to spend the money, I am making to pay for GLI. If anyone can provide any leads I would really appreciate it.

  18. Hi there! I have my own company which have to with loss mitigation then as you well know I have to see a bounche houses, which I took care but now I am trying to get
    started directly with the banks, I really will appreciate if there is any way to know what’s needed to get contracts properties management, what do i need to get started?

  19. Any good words about MCS lately or is it still all pretty much negative? Wondering ifI should give them a try. Worried that they will be bad back charging as I read about on another blog. Any words of advice?

  20. Do you know what company got the hud 2017 contract for property preservation in the state of Illinois.

  21. I have been in PP work for 11 years now. The market has change very much. The main company i have been working for lost there major account 6 months ago and just recently lost there contract for reverse mortgages . my work load has went down by 85 per cent from 8 people working for me down to 3 at present. I know what it takes to get the job done. I am losing my workers do to the lack of keeping then full time. I could just about do all the work by myself with what little i have coming in . i work in the arkansas area. if anyone knows who pick up the HUD contracts for Arkansas pleases advise me on this .

  22. I worked in the office for one of the national service providers listed above. I was a Vendor Mangement Supervisor and also the lead coordinator for 6 states of service. There are many factors to take into consideration regarding getting paid and covering yourself. If you want to ensure you get paid, do all of the requirements. Take the required photos and make sure you memorize what is needed on every job. Also, the list above is a list of companies that hire data entry employees at $10 an hour straight out of highschool. Their employees don’t know construction, don’t know how to justify your bid, and quite frankly may not even care. I literally would hear other coordinators excited to send a tech back as a “recall.” What they don’t understand is if the tech doesn’t get paid, they don’t either.

    If you meet your requirements and EXPLAIN your estimates (as if a 20 year old is on the other end) you will be better off.

    Call your customers to check in and check out. Give them updates and ETAs. If they like you they will send you more work, and be less likely to send recall work orders. They will bend rules for vendors they like.

    You are dealing with white collar kids in a call center. Play the game and you can be successful.

  23. Although this work can be profitable, it can also slow down or come to a halt, this is why it is so hard to find decent”help”. I’ve been doing p&p approx 7 years and have made very good money at times but when you add up the very slow times the picture gets lot dimmer…i think this market has become too saturated and the bigger companies are all constantly in search of new vendors because they are doing what is necessary to keep the fees as low as possible… overall this type of work is a constant struggle and is worth the effort only about 50% pig the time. When it’s good it’s real good and I think that is why I continue doing it

  24. Hello, looking to start a pp company in Pa. wondering if anyone has ever heard of or worked for Bpro out of the NY area. I tried looking up info on this co but am having a hard time finding anything.

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