Foreclosure Property Cleaning Services Guide
77home cleaning services needed
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To maximize your revenue on your cleaning business, some things you can do is to ask for work from those in the industry.
Realtor's need to have foreclosed homes cleaned out, the key is to keep an eye out for other areas that may be serviced such as broken windows, locks and lawns that need mowing.
Offer professional cleaning services to REO Agents
By teaching the REO agent on how you can fix those major repairs, as well as emphasizing the need to secure the vacant homes from vandalism, is important to getting the extra work assignments in your business.
When dealing with various types of properties you will want to keep track with a checklist that is reviewed and updated to cover items you will need in your cleanup routine.
Organize property preservation tasks
As you walk thru each foreclosure property it is best to make a note of items that will need repair, fixing or replacing.
Such things as leaks in ceilings or missing tiles on the floor or water damage to paint are things that the person who hired your cleanup company will want to be made aware of, offer a reasonable estimate on how much you will charge to do the work on these types of repairs.
Foreclosure Cleaning Vendor Contracts
The neighborhood stabilization program is providing government stimulus money for those wanting to improve their community by flipping, rehabbing or restoring homes to their original value.
This is done with homebuyer assistance programs that help low income buy homes in areas where there is a large number of foreclosed and REO properties.
Companies that do clean out and repair for preservation of the properties that have been left vacant.
The housing of urban development is putting money aside to help in the costs that many of these companies will face that are offering these types of services.
So the foreclosure cleaning contracts may take time to go through all the red tape, but the best bet is to make sure you have all your licenses and insurances in place, that way you will qualify for more bids on city and state contracts.
Vacant Home Cleaning Services Needed
Bank delays or other issues that arise the longer a home sits vacant you want to make sure that you understand that it could taken months before the paperwork is processed by the lender or mortgage holder.
A house that has been sitting abandoned is a target for vandalism as well as mold and normal wear and tear, your foreclosure cleaning company can offer a solution to these ever present problem areas.
This would be things like rotting trash, debris and water damaged ceilings, and rodent infestation, etc., the kind of money you can make is in the five figures for the year.
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Foreclosure Crisis causes need for Home Preservation Services
Property Preservation companies can really get tons of work orders which will require the need to outsource cleanup crews for trashouts, winterizing, and lawn care.
As a foreclosure cleaning business owner some of the things you can expect is that you will roughly inspect and secure nearly 100 bank real estate owned property in a weeks time.
As the nation continues to experience foreclosure crisis which will lead to more than one million homeowners in need of the Obama foreclosure fix for the expected additional 2 million more foreclosures in the coming months.
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great Idea and Hub Post!
Thanks for the comments
this article is just like all the other pipe dream articles, it just tries to convince you how great it is but does nothing about telling you how to get business and how saturated this market is. this is just another content hungry site that will fill the internet with worthless information
This Hub have a very good idea with so many foreclosures out there it is a way to make money some good money. Many people that have been in this situation have to take what they can to a smaller apartment or even a room they rent so they can not all ways take all their belonging and have to leave behind things. Cleaning out the home and getting rid of whats left behind will sure make it easier on the banks or agencies that have to go into the home later.
please provide info on how to get started doing this work. This is general knowledge, and is useless as a result...
Guy,
I have to agree with you 100%. It seems there are a handful of people out there waiting for an opportunity to make money out of you with some weak or undeveloped plan on how to start this business. I have been in this field for sometime now and I can atttest to you that the biggest problem falls on contractors already providing these services.
Unless they are trying to recruit you into their business, most of them won't share the information or experience they have acquired with someone new in the field. The myth or misconception is that the more you learn from them the chances are their profits will decline. Well, let me assure you that is not the case. There is a lot of money to be made in this field and that is mainly because foreclosures continue to increase as the economy declines. Places where before the housing market was booming are now facing shifting economies causing people and businesses to leave. Although, this might sound cruel and insensitive, now seems the perfect time to spot those areas for someone with the understanding of preserving these properties.
You want information that could get your business running right away, well to be honest that information is not there wide open or in front of your face. But I will tell you what I have been doing....I started as a sub for a contractor in order to get familiar with the mechanics of the business. This part has been really hard for me because the contrator is not sharing information. So, things like the price that was bid by the contractor or the discount he offer to the M&Ms is totally undisclosed to you. As a result, you end up under bidding on the work orders you received from your contractor. Meanwhile, your contractor is taking already a percentage (your discount to him), thus making your profit even smaller.
I know one thing for sure and that is I have learned to challenge the prices they try to make me believe are fair; do that and you can almost bet you will be given a fair shake.
I have set my LLC a year and half ago and although, I have the name registered, a website built, business account, Tax ID number, an accountant (well actually I already had an accountant due to previous business), etc... I have not been able to strike gold yet. This business take times to develop more than mosny to invest into it. The variable of time is just not the length that it takes but rather the perfect timing for it to explode and expand. Meanwhile, I just keep learning the ropes and supporting my LLC through my contractor.
I agree on the comment saying theres all these great ideas with not enough info to really even send a person in the right direction but thats how it is. I have learned from being out there in this field that theres alot to learn. You have to really do your own research, if this is what you want. Try to get all the knowledge you can and people are going to mislead you so get ready! I am here to tell you its not as easy as they are putting it out to be. I have about 1 year into to this and I still have a hard time getting the info I need... With that said do your own homework and good luck everything I know came in time AND FROM MY OWN HUNGER... no ones going to take your hand and walk you to the right lead, prepare, educate yourself,& stay on it!
suziecat7 Level 5 Commenter 2 years ago
Something I've never thought of.