5 Reasons Foreclosure Cleaning Businesses are Ideal Startups for Realtors

When you think about realtors starting foreclosure cleanup businesses, it makes perfect sense for a number of reasons, five of which we’ll discuss here.

 

1. Love of Real Estate: Many real estate agents enter the industry because they have an innate love of real estate. Their passion may start simple, eg, “I love to look at houses.” The more they learn about the business, the more they fall in love with it.

 

And, as it’s a career that can be started in a very short period of time – literally weeks – once they have license in hand, they’re ready to go. This leads us to the second reason realtors make great candidates to start foreclosure cleaning businesses . . .

 

2. Entrepreneurs at Heart: Real estate agents are entrepreneurs at heart. As a realtor, you work for yourself. This means you have to know how to read and write contracts, do your own billing, keep great records, market yourself, network, etc.

 

All of these are the exact same qualities needed when you own a business cleaning foreclosures as well. Hence, you have a natural leg up on the competition.

 

3. Industry Contacts: A natural part of being a realtor is dealing with handymen, locksmiths, general contractors, home builders, loan officers, bank executives, other realtors etc. Every single one of these contacts come in handy when you own a foreclosure cleaning business. You will use the contacts to either get business from, or to help you in your business.

 

For example, loan officers, mortgage brokers and other realtors are excellent sources to tap to bring in business. Handymen, homebuilders and general contractors can be used to subcontract work to.

 

Again, this puts you miles ahead of other foreclosure cleanup companies because you already come with a full industry contact list. Others have to go out and find them.

 

4. Natural Jugglers: Real estate agents are natural jugglers of responsibility. Piggybacking off the last point, they deal with a multitude of people to close a deal. There are contracts to be written and revised, earnest money to get to your broker, subcontractors to call to finish getting a house ready so that a buyer is happy, the closing attorney to call to find out when the closing date is . . . and on and on and on.

 

 Foreclosure cleanup company owners face the same set of juggling responsibilities. There are subcontractors to deal with, contracts to be revised, invoicing to be done . . . and on and on and on.

 

5. They Know Where the Deals Are: This is perhaps the best reason for realtors to start foreclosure cleaning companies. They have access to inside info on a property to know if it’s a good deal or not, ie, what it last sold for, when, what the property taxes are, etc.

 

The Effect of the Mortgage Crisis on Realtor Careers

 

The mortgage crisis has forced many realtors to look for other careers; some for the first time.

 

But, if you are a realtor who has a love of real estate, and don’t want to leave the profession altogether, owning a foreclosure cleaning business presents a perfect opportunity to you’re your entrepreneurial dream alive – doing what you love to do.

 

May be reprinted on your site, blog, newsletter, newspaper, etc., with the following attribution, in full: To learn everything you need to know about how to start a foreclosure cleaning business, log on to http://ForeclosureBusinessNews.com. The site offers a plethora of information on buying foreclosures, preventing foreclosure, starting lurcative foreclosure bsuinesses and the most recent news in/on/about the foreclosure industry. If it’s about foreclosures, you’ll find it at ForeclosureBusinessNews.com!

Why Foreclosure Cleaning Companies Will Be Profitable for Years to Come

How much further can this foreclosure crisis deepen? How many more home foreclosures are coming down the pike? A lot more — if recent economic data is anything to go by. And, while it’s bad news for many, foreclosure cleanup companies are literally cleaning up!

 

Why More Home Foreclosures are on the Horizon

 

THE 1/22/09 MSNBC.com article, Recession or depression? Too early to tell, states, “. . . some economists believe that we may be at greater risk for another depression today than at any time since the last one ended more than 60 years ago.” Scary!

 

Nationally, the unemployment rate stands at 7.2 percent. The economy has been shedding jobs at 500,000 or more per month since the last quarter of 2008, and every day major companies are announcing more planned layoffs. And, not layoffs of hundreds, but layoffs of thousands.

 

How Quickly Foreclosures Can Happen Once You Lose Your Job

 

With layoffs, comes unemployment. Once that has run its course, few have enough savings to last for long. And, this is what puts many in danger of losing their homes.

 

First off, unemployment is not enough to sustain the bills that many unemployed workers have. And really, it’s not meant to. But, the heating bill is the same each month – whether you have a job or not. To fill up the gas tank costs the same every time, whether you have a job or not. Groceries cost the same – or more — whether you have a job or not.

 

In short, the prices in the world around you don’t take into account that you’ve lost your job. For many, as the mortgage is their biggest monthly bill, it’s also the one that’s hard to stay current on. Hence, before you know it, foreclosure notices start arriving in the mail.

 

Why Foreclosure Cleaning Companies are the Becoming Small Business of Choice

 

For all of the reasons listed above, foreclosure cleaning businesses are becoming the small business opportunity of choice. In fact, of the fastest growing franchise opportunities on the market today, five of the top 10 are some type of cleaning company.

 

For every dark cloud, there is a silver lining. While a home loss is never wanted or expected by anyone, someone has to be there to pick up the pieces – ie, prepare a home to go back on the market.

 

This means boarding up broken windows, maintaining the lawn, removing left-behind trash and debris, painting, changing locks, winterizing, etc. Full-service foreclosure cleanup companies perform all of these duties.

 

The economic and home mortgage crisis is going to take a while to sort out – a few years at minimum. And, this spells opportunity for those interested in starting foreclosure clean out businesses.

May be reprinted on your site, blog, newsletter, newspaper, etc., with the following attribution, in full: To learn more about how to start a foreclosure cleaning businesses, log on to http://ForeclosureBusinessNews.com. The site offers a plethora of information on buying foreclosures, preventing foreclosure, starting lucrative foreclosure businesses and the most recent news in/on/about the foreclosure industry. If it’s about foreclosures, you’ll find it at ForeclosureBusinessNews.com!

How to Start a Foreclosure Cleanup Business “On the Cheap”

There are some definite costs to starting a foreclosure cleanup business. It’s not one you can start with no money – and don’t believe anyone who tells you otherwise. But, costs can be mitigated. Following are some concrete suggestions on how to start a foreclosure cleaning business “on the cheap.”

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Rent Equipment: While it’s ideal to have your own equipment when you own a foreclosure cleanup business, you can rent almost everything you need until you can afford to outright purchase it.

For example, a trailer and a dumpster. Most jobs will require these, as you will have to clean and remove trash and debris from a property. But this equipment can be rented very reasonably.

Equipment Tip: Familiarize Yourself with Costs before You Start Marketing

To start to get an idea of the costs of things you will be renting often (eg, ladders, lawn equipment (in warm seasons); tools, etc., visit your local Home Depot or Lowe’s. As these are built-in costs for your business, you should have an idea of how much it will cost to rent these things for your foreclosure clean out business until you can afford to buy them.

Subcontract: Another way to start a foreclosure cleanup business on the cheap is to subcontract out as much as you can. Cleaning, you can handle yourself. But, if there are jobs that you’re not equipped to handle because you either don’t know how, or don’t have the proper tools, outsource – eg, painting, plumbing, electric, window repairs, etc.

Just build the cost of hiring contractors into your estimate.

Market Your Foreclosure Cleaning Business Online: One of the biggest costs most new businesses face is marketing. Luckily, a foreclosure cleanup business is one where marketing can be done on the cheap. Why? Because your primary customer base (eg, realtors, bankers and investors) are all online.

And, they are easy to find. So use email marketing. It’s free. Add a couple of vehicle signs to this (every foreclosure cleanup business should have vehicle signs) and this is all the marketing you’ll need to do to get business flowing in initially.

Startup Costs You Can’t Avoid When You Start a Foreclosure Cleaning Business

There are legitimate startup costs you can’t get around when you start a foreclosure cleanup business. Namely, they are insurance, having a vehicle (you can use your personal vehicle), and a phone.

But, everything else can be done “on the cheap” until you start bringing in business.

Related Posts

Foreclosure Clean Up: Why It’s Still a Leading Small Business Opportunity for 2011

Foreclosure Cleaning Business: How to Start One While Working Fulltime

Foreclosure Cleaning Business Owners: Advice from a Banker Who Handles Foreclosed Properties on How to Land Foreclosure Cleaning Jobs

How to Bid on Foreclosure Cleaning Jobs: Inside Peek at an Actual Foreclosure Cleanup Bid

Foreclosure Cleaning: How to Get Non-Foreclosure Cleaning Jobs

Foreclosure Cleaning Business Advice: One Sure Way to Make Your Company Stand Out from the Competition

How to Get More Foreclosure Cleaning Jobs with Postcards

Cleaning Foreclosure Properties: Learn How to Price Jobs by “Spying” on the Competition

As always, wishes of great success to you with your foreclosure cleanup foreclosure cleanup business.

P.S.: Bank Failures Can Mean Big Business for You! Visit this link to see which banks closed have closed recently. Then, learn how to use bank failures to grow your foreclosure cleaning business.

May be reprinted on your site, blog, newsletter, newspaper, etc., with the following attribution, in full: To learn more about how to start a foreclosure cleaning business, log on to http://ForeclosureBusinessNews.com. The site offers a plethora of information on buying foreclosures, preventing foreclosure, starting lucrative foreclosure businesses and the most recent news in/on/about the foreclosure industry. If it’s about foreclosures, you’ll find it at ForeclosureBusinessNews.com!

Foreclosure Cleaning Business: How to Start One While Working Fulltime

Owning a foreclosure cleaning business is a lucrative enterprise. It’s hard work, but one so filled with possibilities for growth that many are interested in this opportunity. But, you may be thinking, “I work fulltime. Is this something I can do on the side part-time.”

 

The answer is yes. While it won’t be easy – and don’t believe anyone who tells you that it is, it is entirely possible. Following are three tips for starting a foreclosure cleaning business while you hang on to your full-time job.

 

If you do it right, you can be out of your job before you know it because you can make from several hundred, to several thousand dollars on foreclosure clean up jobs.

 

3 Tips for Starting a Foreclosure Cleanup Business Part-time

 

Foreclosure Cleaning Biz Tip #1: Get someone to answer the phone. You must, must, must have someone there to answer your phone when it rings because most clients who are calling won’t leave a message – at least not the first time they call.

 

In the foreclosure cleaning business, clients are looking for quick service. So if someone doesn’t answer their call, they just go on to the next company. And, they do this until they come across a live person.

 

Foreclosure Cleaning Biz Tip #2: Schedule Jobs on the Weekend: Most jobs take anywhere from less than 24 hours to a few days. It all depends on what condition the property is in. Rarely do they go past a week though – that is, unless you’re doing a major cleanout like an apartment building (which is a whole other ball of wax).

 

So, if you line up two jobs during the week, you can do one on Saturday and one on Sunday. While you’ll be dog tired (told ya it wasn’t going to be easy), you will be making money – and progress so that one day (soon) you can quit your job.

 

Foreclosure Cleaning Biz Tip #3: Hire a Competent Crew: Getting jobs done on time and within budget is critical. You don’t want a job that should take 10-12 hours to drag into a second day. This costs you time and money. And, if you have to get back to work the next day, it can be a real hassle from a client – and work crew — standpoint.

 

So, hire competent professionals who will adhere to a schedule and keep your foreclosure clean out project on track.

 

May be reprinted on your site, blog, newsletter, newspaper, etc., with the following attribution, in full: To learn more about foreclosure cleaning businesses, log on to http://ForeclosureBusinessNews.com. The site offers a plethora of information on buying foreclosures, preventing foreclosure, starting lucrative foreclosure businesses and the most recent news in/on/about the foreclosure industry. If it’s about foreclosures, you’ll find it at ForeclosureBusinessNews.com!

How Foreclosure Cleanup Companies Are Keeping Neighborhoods Safe

When a home is foreclosed upon, the community at large suffers. After all, there’s no one to cut the grass, maintain the fence or keep out unwanted vagrants. For these reasons, and many others, foreclosures are magnets for crime on every level – from graffiti to drugs and prostitution. And, this is why it pays to hire foreclosure cleanup companies – they keep neighborhoods safe.

 

How Foreclosure Cleanup Companies Keep Neighborhoods Safe

 

Foreclosure Cleanup Companies Give Properties a Lived-In Look: Many times, when residents vacate a property, they may leave behind trash and other unsightly materials that cause a property to scream – abandoned!

 

According to the Las Vegas Sun article, Clean up foreclosed home, or city will, “Anger over the blight caused by foreclosed and abandoned homes is evident in the number of complaints reported by the Southern Nevada Health District.”

 

Foreclosure cleanup companies give a property a lived-in look; or at least a well-maintained one. All trash and debris is removed. Because these companies do so much – from lawn care and maintenance to trash hauling, it removes the outward signs that a property is not occupied.

 

Foreclosure Cleanup Companies Provide Locksmithing Services: As mentioned just above, these companies provide many services. One of them is locksmithing.

 

Once a property officially reverts to a bank as a foreclosure, one of the first things they do is change the locks. This prevents the previous tenants – and anyone they may have given a key, from accessing the property.

 

Foreclosure Cleanup Companies Provide Ongoing Property Maintenance: Many foreclosure cleanup companies do more than provide one-time cleanup services; they provide ongoing care, eg, lawn maintenance.

 

And, at the rate it’s taking to sell properties in the current real estate market, this can be a real crime deterrent. For, the more likely a property looks unoccupied, the more likely it is to be a crime magnet. In a good economy with a thriving real estate market, a home typically sells within 90 days. If it’s on the market longer than that, it’s considered to be a “slow mover.”

 

But, in a recessed economy with a poor real estate market, it’s not uncommon for homes to sit vacant for six months or more.

 

A foreclosure cleanup company can helps realtors and banks not only clean up the initial mess, but maintain the property until it’s sold. This is vital to keeping neighborhoods safe.

 

May be reprinted on your site, blog, newsletter, newspaper, etc., with the following attribution, in full: To learn more about foreclosure cleaning businesses, log on to http://ForeclosureBusinessNews.com. The site offers a plethora of information on buying foreclosures, preventing foreclosure, starting lucrative foreclosure businesses and the most recent news in/on/about the foreclosure industry. If it’s about foreclosures, you’ll find it at ForeclosureBusinessNews.com!

 

Cleaning Foreclosures: 2 Things You Should NOT Do In This Biz

If you want to start a business cleaning foreclosures, there are some definitive do’s and don’ts. Here, we will focus on two things you should NOT do if you own, or about to start, a foreclosure cleaning business.

 

1. Price Jobs Over the Phone: This is perhaps one of the hardest things to adhere to when you start a foreclosure cleanup business. Following is one pricing scenario to keep in mind if you get tempted to price foreclosure clean out jobs via phone.

 

The “Price” of Underpricing: There’s nothing like quoting a potential client a price over the phone, only to realize that you’ve severely under priced it once you get on site. If you do, you have two options: (i) complete the job at the price quoted; or (ii) raise your rate.

Either way, you won’t be happy because if you’ve severely under priced it, you will lose money on the job. And, as foreclosure cleanup jobs are tough work – the last thing you want to do is work yourself to the bone only to be paid less than minimum wage.

If you have to tell your prospective client that you’ve under priced it and need to raise the price, this is going to reflect negatively on your company in two ways: (i) the client will think that you don’t know your business; and (ii) they will look at you as a price gouger.

Their line of thinking goes something like this, “Why did you quote me $500 over the phone, and now you’re saying twice that amount?” This makes you the bad guy — never a good thing when it comes to clients — no matter how “right” you are.

There’s a lot that goes into pricing a job when you run a business cleaning foreclosures. Don’t do it over the phone.

2. On Taking Photos for Realtors: Taking before-and-after photos of a foreclosed property for realtors is a standard part of the job. Most realtors appreciate it and will not abuse this service. However, beware of those who use you to take pictures (and get estimates, which is a whole other subject matter), but who have no intention of hiring you for the job..

Only take photos of properties of jobs you have been hired to do. Otherwise, if you turn in photos with your estimate, the realtor can simply take them and put them on someone else’s estimate/bid (or on their website, etc.).

Learn more critical information about about pricing jobs and more when it comes to operating a successful foreclosure cleanup business.

 

May be reprinted on your site, blog, newsletter, newspaper, etc., with the following attribution, in full: To learn more what to do – and what NOT to do in the foreclosure cleaning business, log on to http://ForeclosureBusinessNews.com. The site offers a plethora of information on buying foreclosures, preventing foreclosure, starting lucrative foreclosure businesses and the most recent news in/on/about the foreclosure industry. If it’s about foreclosures, you’ll find it at ForeclosureBusinessNews.com!

Cleaning Foreclosures: Scams to Be Aware Of

There’s a flip side to the foreclosure business – many are scrambling to make money off of it. As home foreclosures mount, so do scams. Here we will discuss two common scams in the foreclosure cleanup sector.

 

Cleaning Foreclosures Scam #1: Contractors. While the vast majority of contractors are honest, hardworking business owners, there are those who are not. If you have a foreclosure cleanup business, you deal with a lot of valuable merchandise – new carpet, major appliances, cleaning equipment, etc.

 

Any of it is at risk of being stolen if you deal with a dishonest contractor. For example, say you have carpet delivered that is to be installed the next day. If you notify your carpet layer that the “carpet is already there; you can go ahead and put it in tomorrow,” then it can ostensibly be stolen that night.

 

To protect yourself from this type of scam when cleaning foreclosures, only work with reputable contractors you trust.

 

Cleaning Foreclosures Scam #2: Information (Ebook) Sellers. Selling information online is big business. And, as anyone who knows their ABCs can claim to be a writer, beware of buying information products online from iffy sites.

 

Some Things to Look for in a Reputable Ebook Seller

Contact info beyond a simple email address: Everyone has an email address; and a site can be up today and down tomorrow. If all you have is an email address, how will you get your money back if the product is not what you expected?

Media coverage: Cleaning foreclosures is a hot business opportunity. If a company has some media coverage behind it – especially in large media markets where foreclosures are hot (eg, California, Florida, Las Vegas), it’s a reputable business.

Professionalism: While anyone can throw up a professional website, if one is NOT professional; that should be a double red flag. Professional companies pay to present professional images. If there are grammar errors, unprofessional language, and just an all-around unprofessional image — beware.

 

Table of Contents: Beyond saying that their product is the best, look for further info on the sales page, eg, a table of contents, testimonials, etc.

 

Buyer Products Online Tip: When buying products and services online, Google the website URL to see what others are saying about the site. You’d be amazed at what pops up in Google results about specific websites.

 

Cleaning foreclosures is a sizzling business opportunity where excellent money can be made. Be aware of foreclosure cleaning scams though – whether you’re already in business, or want to start one.

 

May be reprinted on your site, blog, newsletter, newspaper, etc., with the following attribution, in full: To learn more about foreclosure scams, log on to http://ForeclosureBusinessNews.com. The site offers a plethora of information on buying foreclosures, preventing foreclosure, starting lurcative foreclosure bsuinesses and the most recent news in/on/about the foreclosure industry. If it’s about foreclosures, you’ll find it at ForeclosureBusinessNews.com!

3 Reasons to Start a Business Cleaning Foreclosures

Cleaning foreclosures is a great business to start in a recession, for a variety of reasons, which will be discussed here. If you’re out of work and/or looking for a self-employment opportunity, why not start this type of business. The need is vast – especially now.

Cleaning Foreclosures: A Built-in Need by Banks. According to the article Start Your Own Home Cleanup Business for Foreclosed Homes on a popular business blog, “The bank desires to unload the property and not lose any money on the transaction. Unfortunately, leaving the houses in the condition they are in will not result in a sale near going market price and the bank often cuts the price of the house to unload.”

Foreclosed properties cost banks money on a number of levels. So they hire foreclosure cleanup companies to clean them, clear them out and make repairs so they can get them back on the market and unload (sell) them as quick as possible.

Cleaning Foreclosures Is An Evergreen Business. Foreclosure clean out is an evergreen business. It is the type of enterprise than can thrive in a recession, or in a robust economy.

While you may be doing mainly foreclosure clean up jobs in hard economic times, in a good economy, properties still need to be maintained. So, you can pitch yourself any number of ways to banks, realtors, mortgage and finance companies, and real estate investors. For example, you can market yourself as a property maintenance firm, a junk hauling business, a lawn service provider, etc.

As long as people buy and sell real estate, there will be a need for foreclosure cleanup companies – and the peripheral services they provide.

Cleaning Foreclosures Is Easy to Start Part-Time. If you have a full-time job, a foreclosure cleanup business is easy to start part-time. Many jobs can be done in a day or two, which means you can schedule them for evening and/or weekends.

And, if you have a trusted subcontractor, you can outsource the work and still make a profit. Your role can be one of manager, instead of hands-on operator. You can get so busy doing foreclosure clean out jobs – rather quickly – that you can quit your full-time job.

With the right information at hand, starting a business cleaning foreclosed properties (residential or commercial) is not hard. And, with home foreclosures rising every day, now is the ideal time to get in on the ground floor and build your business in this niche.

May be reprinted on your site, blog, newsletter, etc., with the following disclaimer, in full: Learn how to start a business cleaning foreclosures. For foreclosure business news, eg, tips on buying foreclosures, preventing foreclosure, short sales, REO properties and more, log on to ForeclosureBusinessNews.com.

FAQs About Cleaning Foreclosures a Living

Foreclosures are a hot topic in the news right now. And, many are scrambling to capitalize off it by starting businesses that clean foreclosed properties – residential and commercial. Following are three frequently asked questions about starting and operating a foreclosure cleaning business.

1. How Do I Get Started in the Foreclosure Cleaning Business? This question is so broad that it’s impossible to answer in any kind of detail because every person’s situation is different. For example, if you want to clean foreclosed properties and already have a junk hauling business, you’ll have to do less than someone who won’t have the equipment and/or vehicles you probably already have.

However, there are some definite steps you can take. Primarily, you need to get licensed and insured if you’re serious about making money in this business. Why is this necessary? Most of your business as a foreclosure cleanup company is going to come from realtors, banks and mortgage companies (to a degree). And, many of them won’t hire companies to clean foreclosed properties on their books unless they are licensed and insured.

2. How Much Do I Charge to Clean Foreclosed Properties? Again, a very broad question because each foreclosure cleanup job is different. It depends on so many factors. Following are few things to keep in mind when devising rates for your foreclosure cleaning services:

Geographic location, square footage, length of time vacant, repairs needed, contractors/subcontractors need, cost of materials, turnaround time, etc.

The list goes on and on.

Clean Foreclosed Properties Pricing Tip: One little golden nugget we can dispends though is that it is practically impossible to price a job correctly without seeing it. Many realtors, bankers and other property owners will want you to give them a quote over the phone.

This is a recipe for disaster in the vast majority of cases. Before you price a foreclosure cleanup job, see it with your own eyes first. Otherwise, you’re likely to under or over-price it. And, when you do, either you’re going to be unhappy, or the customer is. Either way, it’s not a good ending.

3. How Do I Find Clients That Want Me to Clean Foreclosed Properties? As mentioned above, banks and realtors will be your biggest clients. But, there are also mortgage brokers, individual homeowners, real estate investors and homeowners associations, to name a few. Marketing to whom is only part of the puzzle in the foreclosure cleaning business. The other part is how to market to them correctly. Saying the wrong thing can brand you as a novice and kill your chances of not only one project – but future projects as well.

The beauty of this niche for those who clean foreclosed properties is that once a bank or realtor uses you once, they’re much more likely to use you again and again. But, it all starts with hooking them the first time.

RELATED POSTS

Cleaning Foreclosures: 2 Things You Should NOT Do In This Biz

How to Start a Foreclosure Clean Up Business

How to Start a Foreclosure Cleanup Business “On the Cheap”

Foreclosure Cleaning: How to Price Your Foreclosure Cleanup Services

Cleaning Foreclosures Business: 5 Things You Must Know Before Starting

3 Reasons to Start a Business Cleaning Foreclosures

foreclosure-cleaning

May be reprinted on your site, blog, newsletter, newspaper, etc., with the following attribution, in full: Learn more about how to start a foreclosure cleaning business at ForeclosureBusinessNews.com. Here you’ll find everything you need to know about foreclosures, including info on legislation and programs the federal government is proposing to help the foreclosure crisis, tips on buying foreclosures, advice on how to stop foreclosure, home loan modifications, etc.

Junk Haulers Turning into Foreclosure Cleaning Companies

Thanks to the foreclosure crisis Americans are weathering, many simple junk hauling firms are being turned into full-fledged foreclosure cleanup companies. Because of a simple need by banks, realtors and other property owners – clean foreclosure properties – these oftentimes 1-2 man firms are growing into lucrative businesses. For how and why, read on.

 

Clean Foreclosure Properties: A Lucrative Business Opportunity for Junk Haulers

 

If you own a junk hauling business in cities and states where foreclosures are high (eg, Florida, California, Denver), you’re probably busier than ever before. And if you’re not, it’s because you either don’t know how to capitalize on the foreclosure crisis, or don’t want to.

 

Banks Need Contractors Like Junk Haulers to Clean Foreclosure Properties: Banks are not in the business of managing homes. They’re in the business of lending money. The current foreclosure crisis though has forced many into some semblance of quasi property management firms.

 

Homeowners associations; individual homeowners; and/or city, state and local regulations all demand that abandoned properties (ie, foreclosures) be maintained. This means keeping the yard cut, replacing broken windows, winterizing a property, fixing leaks and any other damage that causes a property to become an eye sore.

 

One of the first things that need to be done to a foreclosed property is to remove anything left behind by previous residents. And, this is where contractors like junk haulers come in handy. They remove everything in order to help the bank get the property ready to go back on the market for sale.

 

As mentioned before, a bank’s job is not property management, but lending money. So they try to get foreclosed properties back on the market and ready for sale  — either by a realtor or in a foreclosure auction — as soon as possible.

 

Realtors Need Contractors Like Junk Haulers to Clean Foreclosure Properties: Companies that clean foreclosed properties come in and handle a lot of the work that goes into getting a property ready to go back on the market. This can range from fixing holes in the wall, to replacing carpet, to removing junk automobiles.

 

ATTN Junk Haulers: Make Money Selling Abandoned Valuables Online (eg, eBay)

 

A side benefit for those who clean foreclosure properties is getting the valuables left behind. Previous owners leave behind everything from electronics to appliances to clothing. Much of it is in good condition and can be sold online via sites like eBay.

 

There are laws governing this, but in general, if the owners don’t show up to reclaim possessions after 30 days, the junk hauler is free to take and sell items. Anything sold is really like 100% profit.

 

“I’m a simple junk hauling company; how can I become a full-fledged foreclosure cleanup company?”


One of the first things you need to do is to become licensed and insured. Banks and realtors won’t contract with you otherwise. After you do this, then it’s a matter of marketing yourself in the right way, to the right people to start getting jobs.

 

May be reprinted on your site, blog, newsletter, newspaper, etc., with the following attribution, in full: For all the information you need on how to start a foreclosure clean up business, log on to ForeclosureBusinessNews.com. The site offers a plethora of information on buying foreclosures, preventing foreclosure, starting lucrative foreclosure bsuinesses and the most recent news in/on/about the foreclosure industry. If it’s about foreclosures, you’ll find it at ForeclosureBusinessNews.com!

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