How to Start a Foreclosure Clean Up business
Foreclosures are a hot news topic right now. The Tv news show 60 minutes did a piece on it in December 2008 that featured how victorious foreclosure cleanup associates were booming businesses. With that in mind, following are the starting steps to how to start a foreclosure cleanup business.
How to Start a Foreclosure Clean Up business
3 Things You Need to Do Start a Foreclosure Cleanup Business
Empty homes are magnets for crime, eg, arson, drugs, prostitution, vandalism, etc. This is one reckon real estate companies, banks and homeowner associations hire foreclosure cleanup associates to come in and get a asset ready to go back on the market. If this company interests you, do the following:
Step 1 to starting a Foreclosure Cleanup Business: Name Your Business. The name of your company is very important. It should say exactly what you do, so that population will think of you first.
Business Naming Tip: Try to make "Foreclosure Cleanup" part of your company name. This name alone is already be taken, but you can name yours, for example, On Time Foreclosure Cleanup.
Step 2 to starting a Foreclosure Cleanup Business: Get Licensed, Bonded and Insured. This is not a company where you can wing it. You need all of these things for the following reasons:
3 Reasons You Need to Be Licensed, Bonded and Insured
(i) To get contracts: Many banks and real estate associates won't hire you if you're ot licensed, bonded and insured. As these are the entities with the bulk of the houses that need your services, you without fail want to meet their requirements.
(ii) To be covered in case of lawsuits: This is a company where it's easy for an emergency or other incident to happen where a lawsuit is possible. For example, if a laborer gets hurt, steals something or your company inadvertently damages the wood floors in a house you're working on, for example, you need insurance to cover any damages.
A foreclosure cleanup company is one where you do all things from setup windows to hauling trash to winterizing a property. Some jobs take days, others take weeks. The point is, there are a lot of places/times where accidents and incidents can happen. insurance covers these.
(iii) expert business: You may be thinking, "Well, I just won't go after contracts with banks and real estate companies."
Newsflash - even private asset owners will oftentimes ask if you're licensed bonded and insured. It brands you as a professional, a business; not simply a man with a truck.
Step 3 to starting a Foreclosure Cleanup Business: Line Up Help. As mentioned above, this is the type of company where you will need to use a lot of professionals in distinct sectors, eg, painters, floor people, electricians, locksmiths, carpenters, etc.
Every job is different. So before you start, build up a rolodex of trustworthy contractors you can call on. Even if you're a handyman, a normal undertaker of a package deal or just an all-around master in many areas of home building and repair, it's easy to get so busy that you can't cope all the work yourself. You'll need to outsource some of it - and this is where the real money is (but that's a branch for another article).
Everything You Need to Know about How to Start a Foreclosure Cleanup Business
Once you get these three things in place, get a website and start marketing. To learn all things you need on how to start a foreclosure cleanup business, log on to Start-a-Foreclosure-Cleanup-Business dot com.
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