In a dramatic about-face change in labor acquisition, originators are turning to boots-on-the-ground in order to handle their time sensitive operations. The reasons are myriad; however, the experiences relayed to me revolved around the inability of untrained Industry personnel to be dispatched in a timely fashion. The reality is that when you have no regulation or training in an Industry that is accustomed to paying a bottom dollar rate, you end up with an inability to function from an agile perspective. It is not that Contractors in our Industry are unable to perform the services required for rehabs or tenant turns, quite the contrary. The issue is that when you are paying Labor less than minimum wage, those people are waiting nearly two months to be paid and fronting all of the material, and then you seize their pay for illegal chargebacks, no one will do the work for you.
IAFST University has already begun developing CTDL compliant digital certification for this field due to release on 15 June 2024. At less than $10 a year, the reality is you cannot afford not to get the training! Here is an example of one of my credentials.
aDoor, Abodea, Elara, MSR, Shellpoint, and a dozen others are actively seeking trained Contractors for immediate hire at competitive wages. The reality is that less than 10% of those I have migrated out of the Industry have ever returned. The gutter churning pricing and fraud, combined with the entrance of illegal aliens into the work force were the two main reasons Labor remained in their new partnerships. Pricing helped as well. 😉
If you want a white gloved experience, feel free to reach out and Retain Foreclosurepedia. Otherwise, it really isn’t rocket science pitching your firm to these property management firms. And when you have CTDL framework training and digital credentials, the sky is the limit!
