Many are asking if cleaning foreclosures is a scam, if you are wondering this to then you must read this before you start a business cleaning banked owned properties. To get started in this business one must first look around and see if there is demand for this type of service. Has the work load slowed down or has it picked up.

Number of foreclosures in the news

If you look at the newspapers you will see that due to the high number of foreclosed properties many who once could pay for their mortgages are now unable to do so. Many blame the lenders and other blame the home owners.

Who is to blame is uncertain, but what is certain is that more and more homes are being put on the market, empty and vacant. REO foreclosure property realtors are in the position to try and sell these homes to real estate investors.

Homes left trashed out

Many of these homes are left trashed out and many have cars, boats, clothes, appliances, electronics and products left behind from previous owners, other homes have been left vacant for so long that now they are being used as a landfill for dumping trash and lots of junk.

Old tires, broken down cars, rusty decay and moldy food. Someone has to come and clean these homes up. Real estate investors need property preservation companies to come and restore these homes so they can put them back on the market for resale.

Now is the time to start a cleaning business, offering services and contacting the banks, lenders, landlords, real estate investors and home owners, is something that during this recession and down economy is not going to slow down but instead continue to grow. Loan modification companies will not be able to save everyone from the high interest rates and balloon mortgage payments from the subprime mortgages.

The governments stimulus package is not going to help those who do not qualify for the mortgage help. And continued job losses is not going to make is possible for homeowners to keep the homes they were struggling to pay for in the first place.

So even though its tough times and corporations are downsizing and laying off workers. There is plenty of work for those who are looking to get a little dirty and help with cleaning, recycling and repurposing these items left behind.

Vandalism is on the rise, many of these abandoned homes are being trashed out and items such as piping, plumbing, tubs, stoves and homes normally left in the homes are being gutted out and the cost of repair is huge.

These homes need to be boarded up and secured to deterr any further vandalism. Starting a business is the time to do it. If you want to work for yourself and earn upwards of $75,000 a year in annual income.

Then find out what is required.

• Get the license,
• bonding and insurance,
• hire workers and
• contact asset management companies
• as well as real estate agents, brokers and investors,
• place ads in the paper and post to free classified sites,
•  pass out flyers and print up business cards,
• contact companies who are already working in this field and
• find out how you can partner up with them or
• use them as a resource for getting started.

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Green Cleaning and Recycling

Green cleaning and recycling items that normally would end up in the landfills is something that many are conscious of.

The items being left behind and the job opportunities that present itself during this financial crisis, is something that those who are entrepreneurs can be aware of.

Saving the planet and going green means that society becomes conscious of how the way we manage our waste is important.

Realize that those who do start a foreclosure cleaning business is helping to save the environment by finding ways to re-use unwanted items

• cleaning out garages, estates, construction sites, or helping homeowners clean up abandoned cars, tires, boats or antiques from the home of a deceased relative.
• Now it the time you can make a real difference with your business.

Looking at the going rates in the market will help you with decided what to charge for junk removal and debris removal, it is by the weight and cubic yard, having a dumpster is necessary and knowing how much the land fill at the dump is going to charge you for the waste when you go to dump it.

Hiring workers to come in such as painters, carpenters or just a cleaning team will be an added expense and also how much trash is left, will you need a tractor to remove loads and loads of debris, is it toxic waste and how do you handle such situations.

Do you research and find out what the regulations and requirements are. What will your estimates be when you bid on jobs, you must know what your flat rate is and how much extra you will charge for the rest.

Most starting rates are from $300 to $2000 dollars. How long will it take you to clean the residence can it be done in a day, less than 24 hours or will it take 3 days to get the job done.

Some companies are getting 10 to 50 homes cleaned in one day. Having a hauling truck is necessary as well as a dumpster big enough for the debris.

Can you fill up the dumpster with one trip or will it take multiple ones, consider the price of gas for travel time between jobs as well.

Will you need to do yard maintenance or exterior or interior painting. These are things that you will need to consider when starting a REO property cleaning, maintenance and trash out business.