How to Start a Property Preservation Business
- Author Heather Paul
- Published March 13, 2010
- Word count 528
Have you always wanted to start a foreclosure cleanup or property preservation business? This year alone there is expected to be over 3 Million homes foreclosed on nationally! Banks desperately need vendors to cleanup and maintain their bank repos!
This is a very easy business to actually start. First, of course you will need a business license and general liability insurance. The banks require all of their vendors to sign up with them directly and you will need both of these to sign up, also you will need to submit a signed w-9 form to them and a copy of your drivers license, as you are paid as an independent contractor. The banks call vendors that cleanup and repair their
foreclosure properties property preservation vendors. Banks pay an average of $900 to upwards of $10,000 per property to trashout and maintain before they get ready to put it onto the market for resell. Most property preservation vendors service 20-300 homes per month.
What type of services can a property preservation vendor offer to the banks?
Initial securing of properties (Rekey or board up windows),Install Lockboxes,Winterization ,Bi-Weekly or Monthly lawn maintenance, Eviction/move-out assistance, REO trash-outs and debris removal, Repairs as needed on a property by property basis, Pool Maintenance & Repair, Plumbing repairs, Electrical repairs,
HVAC repairs and replacement, Automobile removal, Hazardous Waster Removal, Demolition and Removal, Install new or repair flooring ,Replace or repair windows,and many more.....
BANKS PAY MILLIONS OF $$$ EACH YEAR REPAIRING AND MAINTAINING THEIR
FORECLOSURE INVENTORIES FOR FUTURE SALE!
This business is good for: Contractors, Landscapers, Handyman,Plumbers,HVAC
Contractors,Carpenters,Electricians, Trash & Debris Hauling Companies,Demolition
Contractors,Painters,Carpet & Flooring Companies,House Cleaning Services,Carpet Cleaning Companies,Pool Contractors,Roofing Companies,Drywall Contractors,Glass & Window Repair Companies,Locksmiths,Home Inspectors,Hazardous Material Removal,Automobile Removal Service,Tile Companies. and anyone wanting to get into this amazing and growing business! This business also is a great home based business.
In this business you will want to sign up with all the banks and asset management companies and locate REO real estate agents in your area. You will need to get a good property preservation bank contact list to get you started. Once you order a list, start signing up at all of the bank and asset management sites to start receiving work orders.
Learn more of what you need to know to start a successful Foreclosure Cleanout and Property Preservation business.
Go to our website to see videos of foreclosure cleanout businesses and property preservation businesseses in action. Order a Property Preservation (Foreclosure Cleanup) Business Training Guide, Marketing Guide and Property Preservation Bank Contact List today to get started in this booming industry! We provide all the training you need to Start Your Own Property Preservation Business.
http://www.listbankrepos.com
Join the #1 Property Preservation Directory-This is the #1 Directory REO Asset Managers go to to find new Property Preservation Vendors. They also send your information directly to the Banks & REO Asset Managers every month.
http://www.propertypreservationdirectory.com
Join the Foreclosure Cleanup Network, Top Social Network for Property Preservation Businesses, Connect with REO Agents and more... It's Free to Join & Network
http://www.foreclosurecleanupnetwork.com
Heather Paul, Real Estate Pro, Foreclosure Specialist-Dream Street Investments, Inc. is dedicated to educating the entire Real Estate Industry with a Specialization in Foreclosures. Visit our website today: http://www.dreamstreetinvestments.com
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