Hi, I'm A Louisiana resident trying to find out about property preservation. Can you please...
give me some insight on how to get started. Thanks.
If you are interested in starting a property preservation company you will need to be familiar with working with banks and asset management companies because they will only want to deal with those who are bonded, insured and have prior work references for getting the work done in a quick turnaround. You will have to hire people who can fix and do repairs as well as remove debris, renting a dumpster, and having a truck that will be able to carry all your equipment is essential. Lenders will only work directly with asset managers, so you will need to become their friend and even get to know the foreclosure and reo real estate agents and property investors in your area of louisiana. You can purchase ebooks that have been written by those who have spent years working in the trenches to get first hand advice. But just know that it will not be easy to break into this field.
If you are trying to get started in this industry. You will first need a business license to get started.
Then you will need to contact property preservation companies. The industry is shifting in that most banks will not do business with small, start-up property preservation businesses.
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