How to Start Cleaning Foreclosed Homes for the Banks
This year alone there is expected to be over 3 Million homes foreclosed on nationally!And banks desperately need vendors to cleanup and maintain their bank repos! This is an outstanding business opportunity to make thousands to millions cleaning and offering property preservation services to the banks for their foreclosure properties.
Have you always wanted to start a foreclosure cleanup or property preservation business? 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. With skyrocketing foreclosures and job losses across the nation, this is one business that is thriving in the downturn of the economy!
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.