Posts Tagged ‘Hell’
Watch The Books! The TOP Reason REO Brokers Go BROKE!
So, I got caught with my pants down and frankly I can't believe it. Just goes to show you that even when we're on top of our game there's someone who'll sneak something by you. My biggest nightmare...a bookkeeper who "took" me. Now I am NOT saying that she stole from me but I am saying that the books are a mess and I'm quite suspicious. Worse yet, she apparently has copied my QuickBooks file (with all of my data) onto a flash drive, took it with her and then deleted my master file from the server.....yikes!
Non-Approved Services. Don't Let Your REO Vendor Get Away With this COSTLY Tactic!
OK I have seen this from almost every REO vendor that I have ever dealt with. Don't get me wrong; there are some very good and very solid vendors out there. I am not claiming that REO vendors are crooks. But I am telling you with 100% certainty that I have seen them "jump" on jobs they know they are not supposed to do without pre-authorization from your client and then ultimately from you, the guy left holding the bag for the expenses. Here is a good example that I am dealing with today in my business:
Keeping Your REO Asset Managers Up to Date - A Quick Email Goes a Long Way
When you begin handling hundreds of properties at once you'll very quickly understand the value of controlling unnecessary phone calls and emails. Look, this business is just like any other. You can't leave your clients "hanging" and not expect to get nasty emails or urgent phone calls that totally screw up your frame of mind and disrupt your flow. If you are anything like me at all you know how bad a threatening email from an AM can set you off. When this happens in my business you BETTER hide your butt in a closet if you are the guy who caused it.





