Why Foreclosure Cleanup Work Is Plentiful: A Foreclosure Cleaning Biz Owner Explains

In the post here, Why Foreclosure Clean Up Companies are Going to Be Inundated w/Business: An FDIC Rep Explains, we talked about how foreclosure cleaning companies were going to be busy for years to come.

Now the work is starting to flow in, as evidenced by the Aug 9th MSNBC.com article, Foreclosures bring out cleanup crews. The article profiles a property perservation company owner. It states:

[It (foreclosure cleaning) is] . . . a profession with brilliant prospects. In an average week, Hazel inspects roughly 90 structures, secures 20 others, and trashes out between 10 and 20 “REOs” (bank shorthand for “real estate owned”). That’s up twofold from a year ago, when he got his start.

How Much Money Do Foreclosure Cleaning Companies Make on a Typical Job?

If the business owner featured in the article mentioned above grosses between $250 and $2,000 on a typical trahshout (which he states he does in the article) and he does 10 to 20 of these a week, a cursory run of the numbers means that he grosses between $2,500 and $40,000 (yes, $40,000!) — a week. Remember, this is just on trashouts.

He provides other services as well. And this is what makes foreclosure cleaning so lucrative.

It’s facts like this that make foreclosure cleaning a great business to start. We are JUST starting to see the real need for these types of companies because banks have been so backlogged with the paperwork that needs to get done BEFORE property preservation* and foreclosure cleanup companies can be called in.

*Note: Property preservation firms perform many of the same duties as foreclosure cleanup companies. It’s up to each business owner how they want to structure their company and which services they want to offer. This is discussed in the best-selling ebook, How to Start a Foreclosure Cleanup Business.

P.S.: Foreclosure Cleaning Pricing: Learn how to price foreclosure cleaning jobs to make the most money.

Copyright © 2009 Yuwanda Black for Foreclosure Business News