ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Foreclosure Cleanup Business Advice: When to Rent & When to Buy Equipment

Updated on February 4, 2010

Info from a Foreclosure Cleaning Biz Owner about Buying vs Renting Equipment

For the most part, the services your foreclosure cleaning business decides to offer will be greatly dictated by how much it costs to get the job done. And, in a lot of cases, your major expense is going to be the equipment. Therefore, knowing how much these costs are – whether it’s renting or buying – is crucial to pricing a job right.

Should You Wait to Purchase Equipment for Your Foreclosure Cleanup Business?

The straightforward answer is, yes, especially if you are completely new to the industry and don’t have a lot of startup capital. And, even if you do decide to buy equipment, it doesn’t have to be new.

Places to Find Cheap Equipment for Your Foreclosure Cleaning Business

In fact, you should scour places like and on a regular basis looking for good deals on equipment you can use in your foreclosure cleaning basis.

With so many homeowners losing their homes to foreclosure these days, many are selling, giving away and are outright abandoning things like lawn mowers, pressure washers, leaf blowers and a lot of other things you can use in your foreclosure clean up business.

In fact, when looked at like this, the foreclosure crisis is a double blessing for you.

Foreclosure Cleaning: What to Do When You Have No Equipment & No Money for Equipment

If you’re flat broke and starting from ground zero with nothing, then only offer those services for which you have the equipment right in your garage and your cleaning cabinets at home.

Every body has cleaning supplies . . . because they clean their own home. And if you live in the suburbs, you probably own a lawn more, or can easily borrow one from a friend or family member who lives in the burbs.

Right there, you have everything you need to do a basic foreclosure cleaning job. And, this is all most banks/lenders who hire your company will want. They want you to remove trash and debris, tidy the yard (a good cut and trimming of hedges will do this) and to give the home a good cleaning.

A lawn mower, some cleaning supplies right from you cabinet at home, some garbage bags, gloves and hedge trimmers --- and you’re good to go. And, oh yeah, lots of elbow grease!

When Renting Equipment for Your Foreclosure Cleaning Business is a Good Idea

Following are some guidelines to keep close when it comes to renting equipment. If you get a job that:

(i) you know you can complete to the client’s satisfaction;

(ii) that will pay well;

(iii) that can easily cover the cost of renting equipment;

(iv) where it would “hurt” your company’s rep NOT to take the job (eg, the client is unlikely to call you again because they worry that you can’t handle most of their job requests); and

(v) that you will receive payment for fairly quickly;

THEN, you should take the job and rent the equipment.

For example, let’s say a bank wants to hire you to remove trash and debris from the premises, mow the lawn and pressure wash the exterior.

You know you can remove the trash and debris, and mow the lawn with no problem. But, you don’t have a pressure washer. Well, you can rent it.

Large home improvement stores like Home Depot rent this type of equipment fairly cheaply. They rent it by the hour, day, week, etc.

You can rent a pressure washer in most locations for under $50 a day. If you’re charging the client $200 for this portion, it’s worth it for you to shell out the cash to rent the pressure washer and do the entire job (eg, the trash and debris removal, mowing the lawn and the pressure washing).

Just be sure not to make a habit of stretching yourself too thin financially. If you keep the guidelines outlined here in mind, you should be fine.

Learn much more about renting vs buying equipment for your foreclosure cleanup business, eg, the “emotion” of overspending when you first start, why waiting to purchase is smart, sample tool and equipment rental rates, etc.


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)