- Real Estate
REO Trash Out Business Guide Foreclosure Cleanup
Lawn Care & Cleaning business tips
First you will need to know that some companies will require that you get licensed, bonded and insured before they will set up a contract with you.
Also it is important to note that along with cleaning you may be required to do rekeying, documentation, winterization and demolition. The more you are able to offer in your business the better opportunities you will have, which means more money in your pocket.
Exactly what do I need to start a foreclosure cleaning business?
Pricing, bidding and giving out estimates, how should you handle this when you are called for a job, most experienced companies will give a quote once they see the type of property and the amount of trash that needs to be removed.
Realtors and REO departments of banks will need estimates before they can hire you so keep a general job rate until you are actually hired for the work. Size of lot, amount of cleanup and turn around time is important in determining how much you will actually charge.
Iif you have asked this questions many times, one of the top entrepreneurial opportunities has hit the home foreclosure crisis, financial industry experts agree that the millions of delinquent mortgages will continue to climb.
Foreclosure Cleaning Business Plan
You will need to be a licensed company first before you can start to get any contract work no matter if you are an Appraiser, Termite and Pest Control Company, Building Contractor, Plumber, Electrician, Roofing Company, or Lawn Care Company.
When you start a business most of the work you wil be able to outsource by hiring painters, electricians, carpenters, locksmith etc.
Knowing about cubic yards and dump requirements will help when it comes to pricing your services as well.
Hiring workers to help with cleaning out foreclosures
Foreclosure cleaning companies will continue to profit into the near future, as long as the recession continues to put the economy in a state of financial crisis, banks will need those who can come and help get real estate back on the markets for resale.
Many are looking to clean foreclosures for a living, they even set up a corporation for their business due to its low cost startup and the continued demand for the services.
With unemployment rates at a national high many are looking at starting their own businesses.
It is the small business of choice for those who are downsized from other industries and sectors such as finance or construction.
Housekeeping Home Cleaning Services
Duct Mold and Carpet Cleaning Needed
In your business you want to make sure that you have a cleaning, house, office, commercial and residential service to offer your local area.
Many housing authorities around the country started to receive government stimulus money that are ideal for foreclosure cleaning companies and other real estate services companies such as appraisers, termite pest control companies, building contractors, plumbers, electricians, roofing companies, and lawn care companies.
The kind of equipment needed for cleaning foreclosed homes
You will need a dumpster as well as a cleaning supplies, it will help to have construction repair tools as well as landscaping equipment
.Use free Classifieds to get workorders
Many have found that placing an ad on a classified site on the web works well, try using Craigslist, Backpage, UsFreeAds, Recycler, InetGiant, or oodle.com
Government Contracts and Foreclosure Listings
Learn about available government contracts in your area and become a foreclosure listing agent for increased revenue.
To find government contracts to bid on you can prepare a request for proposal that qualifies you with multi-agency jurisdictions for most city and state public notices.
You can find them in your local newspapers or magazines where outside contracting is part of the agencies who help small business owners with the U.S. Federal Government guidelines for bidding on contracts and work.
As a foreclosure listing agent you will be able to connect with those in the industry such as bankers, property owners, brokers and landlords for sub-contract jobs.
Certification and training is available for those looking to become a commercial foreclosure agent by marketing and selling distressed properties for increased revenue.
Listing real estate owned properties is in high demand among investors and home buyers, many of which are assigned to asset management companies who contract out real estate agents for Broker Price Opinions to evaluate the comparative market analysis for foreclosed homes by the lender.
To get started you will have to register with companies that provide the list to BPO companies, Reo listing agents and Asset Managers.
List of Property Preservation Companies
- American Property Management, Inc.
- Corporate Asset Management LL
- Cyprexx Service
- Default Services, Inc.
- Field Asset Service
- First American Field Services
- First American REO Servicing
- FirstService Corporatio
- Five Brothers Mortgage Services
- Fontaine Inspections Inc.
- Lender Processing Service
- LPS Field Services
- M&M Mortgage
- Maxim Enterprises
- Mortgage Contracting Services
- North American Property Preservation
- Now Property Preservation
- REO Allegiance
- Safeguard Properties Inc
- Sierra Field Services
- SingleSource Property Solution
- Southeastern Asset Services
- Spectrum Field Services Inc
- Trinity Field Services
- Wolverine Real Estate Service
Working part time cleaning foreclosures
If you are working full time and would like to clean foreclosures on the weekends this is a business that offers that opportunity.
All you will need is to contact asset management companies or real estate investors who have a list of foreclosures that need to be cleaned and maintained.
Depending on the condition of the property, most jobs can be done in one day.
Being prompt and offering quick service is what will keep your clients coming back with referrals.
Make sure to have someone who can answer the phone calls you will receive because marketing your foreclosure business is crucial and availability will be what makes your business stand out from the rest.
How to recycle and go green with your foreclosure cleaning business
Most of the items that you will be cleaning out is debris and trash that needs to be removed.
Sometimes you will find items that can be recycled and reclaimed or repurposed.
Saving the environment by green cleaing and not filling up the landfills with green materials is how you can add a little difference to what you do.
Warmer climates make for the best in dealing with keeping expenses low.