Can I really make money cleaning foreclosures?

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By Research Analyst

Subcontractors for Housekeeping Services

Remove Trash, Furniture and Clean Home
See all 2 photos
Remove Trash, Furniture and Clean Home

Help Wanted: REO Contractors Property Preservation Workers Needed

Construction companies are hiring for debris removal, lawn maintenance, lock changes, repairs, tree trimming, winterization in Dallas, Arizona, and several states across the country.

Is foreclosure cleaning cleanup business a scam?

Many are asking if cleaning foreclosures is a scam, if you are wondering this to then you must read this before you start a business cleaning banked owned properties. To get started in this business one must first look around and see if there is demand for this type of service. Has the work load slowed down or has it picked up.

Number of Florida Foreclosures in the news

If you look at the newspapers you will see that due to the high number of foreclosed properties many who once could pay for their mortgages are now unable to do so. Many blame the lenders and other blame the home owners.

Who is to blame is uncertain, but what is certain is that more and more homes are being put on the market, empty and vacant. REO foreclosure property realtors are in the position to try and sell these homes to real estate investors.

mortgage meltdown leaves opportunity for home cleaning business

subprime mortgage defaults creates jobs
subprime mortgage defaults creates jobs

Offering Green Cleaning in Florida Foreclosure Clean out Business

Products that are environmentally safe and friendly will mean that the products you use to clean REO homes will not only protect your health but it will protect those who occupy the home. '

The ingredients leave you feeling healthier. this industry trend may be around for along time because more people are taking precautions to avoid pollutants.

Now that you have decided on using such products you will be classified as a green business. which may be very attractive to future contractors.

Green Cleaning Network

You may want to join the green cleaning network, to find out more ways of including such products to your cleaning regime.

Mortgage companies and banks in the REO industry are concerned with preserving properties, and securing them for safety purposes.

Managing real estate is not as much of a priority to banks who need to get the homes back on the market for resale.

Florida Homes left trashed out

Many of these homes are left trashed out and many have cars, boats, clothes, appliances, electronics and products left behind from previous owners, other homes have been left vacant for so long that now they are being used as a landfill for dumping trash and lots of junk.

Old tires, broken down cars, rusty decay and moldy food. Someone has to come and clean these homes up. Real estate investors need property preservation companies to come and restore these homes so they can put them back on the market for resale.

Junk haulers are needed in every state in the country, bankers, real estate brokers, asset managers, lenders and landlords have plenty of properties that have items left behind by prior tenants.

Your real estate cleanup service business can offer to remove these items for a reasonable price waste removal is big business and you can find plenty of cleaning jobs in the newspaper, online or in magazines.

Repossessed hud homes and foreclosure repos are some of the top properties needing property preservation companies to come and restore the home for resale. Make sure you are licensed and insured before contacting realtors in your area.

Property management firms will be able to direct you to the persons who have abandoned properties that need lawn care or maintenance for homes that are unable to be sold causes the owner of the bank note to lose money.

You can help expedite the situation by helping the lender renegotiate the loan with the new homeowners

Florida, Nevada, California and Georgia is among some of the states that have the highest rates of repos homes on the market

Some evergreen jobs include tree trimming, cutter cleaning, lawn care, interior painting, junk hauling and replacement of broken windows

Foreclosure Clean-up Business Trashout Contracts

Now is the time to start a cleaning business, offering services and contacting the banks, lenders, landlords, real estate investors and home owners, is something that during this recession and down economy is not going to slow down but instead continue to grow.

Loan modification companies will not be able to save everyone from the high interest rates and balloon mortgage payments from the subprime mortgages.

Property Preservation Contract Field Inspection Representative Needed

The governments stimulus package is not going to help those who do not qualify for the mortgage help. And continued job losses is not going to make is possible for homeowners to keep the homes they were struggling to pay for in the first place.

So even though its tough times and corporations are downsizing and laying off workers. There is plenty of work for those who are looking to get a little dirty and help with cleaning, recycling and repurposing these items left behind.

Property Preservation and Maintenance Needed

Vandalism is on the rise, many of these abandoned homes are being trashed out and items such as piping, plumbing, tubs, stoves and homes normally left in the homes are being gutted out and the cost of repair is huge.

These homes need to be boarded up and secured to deterr any further vandalism. Starting a business is the time to do it. If you want to work for yourself and earn upwards of $75,000 a year in annual income.

This is what is required

  • Get the license
  • bonding and insurance
  • hire workers
  • contact asset management companies
  • real estate agents, brokers and investors
  • place ads in the paper and post to free classified sites
  • pass out flyers and print up business cards
  • contact companies who are already working in this field and
  • find out how you can partner up with them
  • use them as a resource for getting started

RealtyTrac Statistics on Foreclosures in California

The amount of foreclosures to hit the state of California continues to grow as adjustable rate mortgages begin to reset, it is causing many homeowners who can afford the mortgage to walk away from the home and start renting instead to help with the financial budget, this leaves many real estate agents at a loss of what to do with so many homes on the market that they are unable to sell.

RE investors are coming in with cash to buy the homes and it leaves first time home buyers trying to bid on homes where the market value is so low and they are not qualifying for the discounted rates.

List of Property Preservation Companies

  • American Property Management, Inc.
  • Corporate Asset Management LL
  • Cyprexx Service
  • Default Services, Inc.
  • Field Asset Service
  • First American Field Services
  • First American REO Servicing
  • FirstService Corporatio
  • Five Brothers Mortgage Services
  • Fontaine Inspections Inc.
  • Lender Processing Service
  • LPS Field Services
  • M&M Mortgage
  • Maxim Enterprises
  • Mortgage Contracting Services
  • North American Property Preservation
  • Now Property Preservation
  • REO Allegiance
  • Safeguard Properties Inc
  • Sierra Field Services
  • SingleSource Property Solution
  • Southeastern Asset Services
  • Spectrum Field Services Inc
  • Trinity Field Services
  • Wolverine Real Estate Service

Foreclosure Cleanup Industry Jobs

Starting a business that provides a services to banks lenders and landlords is done by offering every single service to them so as to be considered a true source of value.The great thing about a foreclosure cleaning business is that even when foreclosures are not a trend anymore, you will have a very profitable business.

Seeking Property Preservation Contractors

It is important how to market your foreclosure cleanup business a step by step, shoestring marketing guide for foreclosure cleaning business owners, we are looking to start our own business of cleaning out foreclosed homes in Minnesota.

While this biz presents a lucrative opportunity, many are jumping into into for the wrong reasons. Following are other types of services foreclosures,trash out,property preservation, plumbers,and plumbing jobs, junk, landscaper,as well landscaper jobs, locksmith.

HOA Power Sweeping

You can have a large fleet of vacuum and broom sweepers are available for daily, weekly, and monthly property maintenance, all trucks radio dispatched, real time GPS tracking, line striping service, power washing, DOT signs and installation, general exterior maintenance crews, 24-hour field repair team, fully bonded and insured that helps with service construction clean ups, shopping centers, HOA's.

Green Cleaning and Recycling

Green cleaning and recycling items that normally would end up in the landfills is something that many are conscious of.

The items being left behind and the job opportunities that present itself during this financial crisis, is something that those who are entrepreneurs can be aware of.

Saving the planet and going green means that society becomes conscious of how the way we manage our waste is important.

Realize that those who do start a foreclosure cleaning business is helping to save the environment by finding ways to re-use unwanted items

  • cleaning out garages, estates, construction sites, or helping homeowners clean up abandoned cars, tires, boats or antiques from the home of a deceased relative.
  • Now it the time you can make a real difference with your business.

Deciding what services to offer and what to charge

Look at the going rates in the market will help you with decided what to charge for junk removal and debris removal, it is by the weight and cubic yard, having a dumpster is necessary and knowing how much the land fill at the dump is going to charge you for the waste when you go to dump it.

Hiring workers to come in such as painters, carpenters or just a cleaning team will be an added expense and also how much trash is left, will you need a tractor to remove loads and loads of debris, is it toxic waste and how do you handle such situations.

Do you research and find out what the regulations and requirements are. What will your estimates be when you bid on jobs, you must know what your flat rate is and how much extra you will charge for the rest.

Most starting rates are from $300 to $2000 dollars. How long will it take you to clean the residence can it be done in a day, less than 24 hours or will it take 3 days to get the job done.

Some companies are getting 10 to 50 homes cleaned in one day. Having a hauling truck is necessary as well as a dumpster big enough for the debris.

Construction & Foreclosure Cleanup Government Vendor Jobs

Can you fill up the dumpster with one trip or will it take multiple ones, consider the price of gas for travel time between jobs as well.

Will you need to do yard maintenance or exterior or interior painting. These are things that you will need to consider when starting a REO property cleaning, maintenance and trash out business.

Comments

Toronto condos profile image

Toronto condos 2 years ago

Good one - you can make money in any way, just you have to know how. and the more unusual and overlooked business, the better chance for a breakthrough...

Research Analyst profile image

Research Analyst Hub Author 2 years ago

Its true sometimes the best ideas are ones that are right in our backyard.

Why Buy ResVer XP 2 years ago

Seems like a good business, and I think maintaning the property on a regular basis would be lucrative.

Research Analyst profile image

Research Analyst Hub Author 2 years ago

its true that any type of service such as lawn care, boarding up windows, painting service, changing locks etc. will be businesses that will survive the recession.

Cassandra Black 2 years ago

Foreclosure cleanup will be needed for a long time... many of the vacant homes haven't even been processed yet by the banks. Good time to get in the biz, learn the ropes, formalize your services (license, insurance, etc.) and grow, grow, grow. I will tell anyone that it's NOT glamorous work. It's hard, but the rewards far outweigh the pain.

Good luck!

Research Analyst profile image

Research Analyst Hub Author 2 years ago

Hey Cassandra Black thanks for stoping by and leaving a comment, I admire all the work you have done and especially bringing this foreclosure cleaning business to the forefront, it really has helped thousands of people to find a REAL recession proof business they can run from home.

Thanks!

Thinking About It 2 years ago

Hello Guys i must say this information is exactely what im looking for you guys are on point keep the (info coming) thanks T A I

Neil Ashworth profile image

Neil Ashworth 2 years ago

Very nice Hub. Keep 'em coming!

DC 23 months ago

Has this business slowed or died down now, or is it still a viable business model to start up? How much longer can a trash out business survive with all the competition? I live in L.A.County and I'm not seeing nearly the foreclosures there once was. 6/29/10

greasyskids 14 months ago

The companies listed have decent pay if you are a small business with low overhead and in-house crews. Beware of companies like Assured Asset Preservation or Sole Stone Services that try to subcontract this work out. There is a new breed of property preservation companies that are little more than small offices with no in-house crews or field experience that attempt to take bottom-feeder work and subcontract it out to desperate contractors from craigslist. These companies get the work no one else wants to do and have a low concentration of work in a given area. Assured Asset Preservation and Sole Stone Services is a joke.

A & S CLEANING SERVICE 12 months ago

A&S CLEANING SERVICE

One Call Does It All!

Residential

Commercial

Vacation Rental

Foreclosures

Property Preservation

Office

Move In/Out

Interior/Exterior

Pressure Washing

Construction Clean Up

Windows

Lawn Care

Trash Out

Call For Free Estimate

(808)769-8230

email: as_cleaningservice@yahoo.com

Licensed/Insured

Ashley McDonald

P.O. Box 492494

Keaau, Hi 96749

Email: as_cleaningservice@yahoo.com

(808)769-8230

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