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Advice from a Foreclosure Cleanup Business Owner for Starting This Type of Biz While Working Fulltime

Updated on March 3, 2010

Owning a foreclosure cleanup business can be very profitable. In spite of the fact that hit’s hard work, many are starting these types of businesses because the possibility for growth – and the amount of money to be made – is hard to ignore. If this starting this type of business interest you and you work fulltime, you may be thinking:

I work fulltime. Is this something I can start part-time while still holding down a full-time job?

The answer is a resounding yes.

While it won’t be easy – and don’t believe anyone who tells you that it is -- it is very possible. Following are three pieces of advice from the owner of a foreclosure cleaning business owner in Atlanta. She started her business while juggling several other enterprises and offered the following three tips.

She said, “If you do it right, you will be able to quit your day job before you know it because you can make from a few hundred to a few thousand dollars on every foreclosure clean up job you do.”

Foreclosure Cleaning Business: How to Start One While Working Fulltime

Tip #1: Be accessible. You must, must, must have someone to answer your phone because most clients who are looking to have this type of work done are several companies. And, most won’t leave a message, especially the first time they call.

Why?

In foreclosure cleaning, clients are looking for quick service usually. So if you don’t pick up the phone, they’ll just go down the list and call your competitor. They’re looking for a live person to speak with.

If you can’t afford to hire a receptionist, invest in a good answering service or pay a friend or relative to do it.

Tip: In order to avoid upfront, out-of-pocket expenses, offer to pay the person who answers your phone a percentage of each job you get.

Tip #2: Schedule Jobs on the Weekend: Most foreclosure cleaning jobs take anywhere from less than 24 hours to a few days to complete. It all depends on the service needs of the property at hand – and of course, what he company is willing to pay for.

Rarely do foreclosure cleanup jobs extend past a week though – that is, unless you’re doing a major cleanout like an apartment building (which is a whole other ball of wax).

So if you line up two jobs during the week, you can do one on Saturday and one on Sunday. Yes, you’re going to have to put in some long hours if you’re working full-time and starting this business on the site.

While you’ll be dog tired (told ya it wasn’t going to be easy), you will be making money – and soon you’ll be able quit your full-time job.

Tip #3: Hire a Skilled Crew: Getting foreclosure cleaning jobs done on schedule and within budget is critical. You don’t want a job that should take 10-12 hours to drag into a second day. Why? Because this is money flying right out of your pocket. Also, if you have to go back another day, it can be a real hassle from a client – and work crew — standpoint.

So, hire competent professionals who will adhere to a schedule and keep your foreclosure cleanup jobs on track.

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