Cleaning Foreclosures for a living is it for you?

Don't let the recession fool you into thinking that you can not make money in real estate, actually you can do just that with the hot niche of cleaning foreclosures which is a great business to start.

Supply and Demand is the secret to success

One of the key things to look for when starting a small business is to see if the demand is great enough. What is the start up capital and is it a investment that will have a good ROI (return on investment).

Knowing that a need that banks have right now banks need to unload houses in order to get market price for them. So if they leave houses in trashed out conditions they will not be able to sell them as fast as they would like.

Service based business

Your offering a service that allows the banks to contract out the work of keeping these properties cleaned and maintained.

Housekeeping and Home Cleaning Services Needed

You will notice that Foreclosure Cleaning Business Owners, Real Estate Contractors, Lawn Maintenance Businesses, Handyman Services, Locksmiths, Inspectors, Junk Haulers, Property Preservation Companies, Plumbers, Electricians, Gutter Cleaning and Pressure Washing Companies all have the same thing in common, they provide professional cleaning services.

If you are looking into getting into this business and you want to work part-time it is something you can do even if you work a full-time job, a business cleaning foreclosures is easy to start, this is because you can work on the weekends and you can outsource the jobs to subcontractors.

Do You Have a Business Plan?

Having a business plan and budgeting the expenses versus the income potential will help you in deciding what would be the best course of action for your business.

Once you are able to answer a few questions about how to get started is to understand who will need your service and why, next you will need to determine what type of cleaning and repair you are willing to do and then how much you will charge with competitive rates.

Another aspect to consider when looking to start a business is to decide if it will be something you can do when the economy is bad and when it is good, and the potential clients for your business include banks, realtors, mortgage and finance companies, and real estate investors.

This is how you will know that your starting a business that has longevity. Some of the services you can provide can include property maintenance, junk hauling or a lawn service provider. The potential is limitless for a entrepreneur with a vision.

Real estate is something that people will continue to buy and sell so the need is great now and will continue in the future.

Cleaning Short Sales vs. Foreclosures

When starting a cleaning business you may find that the person who hires you are house flippers, these are individuals that try to buy the homes pre-foreclosures and if they are able to get the house at a short sale the bank is willing to take a lower amount for the home.

If this happens the property investor will have a home they can turn around and resale at a profit. Before they resale the home they will need you to come in and do repairs, painting and fix broken windows and doors.

The biggest job will be getting the place clean and ready for the contractors who will come in and renovate the property.

Cleaning Bid

Putting together a bid packet for your cleaning service will require that you have a cover letter and then information about your business, and list of specifications, and a simple one or two page contract along with references.To create a successful cleaning bid, you will need to organize your plan of action in a cleaning bid estimate.