Foreclosure Property Maintenance-Start a Foreclosure Property Maintenance Business

Aug. 26, 2010 - PRLog -- This dirty and unique Foreclosure Property Maintenance business is getting National attention.  It’s called the Foreclosure Property Maintenance Business, and it’s even been showcased on Oprah and 20/20.  When homes foreclose, the banks call in “Foreclosure Property Maintenance” Crews or Foreclosure Property Maintenance Businesses to come in and remove everything from the property.  Majority of these foreclosure properties have tons of stuff left at them and the bank needs to quickly get these foreclosure bank owned homes and properties cleaned up, trashed out and prepared to be put back on the market.  Many times Plasma tvs, cars, RV’s and more are left at the foreclosure properties and the banks need these items gone and fast! This is where the Foreclosure Property Maintenance Businesses come in!

Banks are flooded with foreclosures and the amount of work just keeps increasing.  Most Foreclosure Property Maintenance Businesses are working 7 days a week and have multiple crews to keep up with the mounting work loads.  One Foreclosure Property Maintenance Business in Southern California does 326 lawn maintenance a month, an estimate of 73 trash outs, 75 rekeys or better known as lock changes, plus they offer multiple other services to the Banks and Reo Asset Management Companies.  They estimate they are earning approximately $300,000 each month and many times more. Banks refer to Foreclosure Property Maintenance Businesses as Property Preservation Vendors.

How do you get started having a Foreclosure Property Maintenance Business?
We have provided some information below to help you start your Foreclosure Property Maintenance Business and valuable website links to help you get the contacts you will need to succeed in this business.
1.   Determine What Legal Structure you will want your Foreclosure Property Maintenance Business to be (ie. Sole Proprietorship, Partnership, Corporation, or LLC)

2.   Choose a Name for your New Foreclosure Property Maintenance Business-It is always recommended to choose a name that is easy to remember, try to put the word Foreclosure Property Maintenance, Property Preservation, Reo Cleaning or something like this in your name-it will help the Reo Asset Managers and Realtors remember you and definitely help you get more repeat business

3.   Go Down to your local City or County Offices and Apply for a Business License for your Foreclosure Property Maintenance Business

4.   Now that you have your Business License, you should open a business account in your business’s name

5.   Next Step, you are going to want to start shopping around for General Liability Insurance for your Foreclosure Property Maintenance Business, the Banks require all Foreclosure Property Maintenance Business or Better Known as “Property Preservation” vendors to have it

6.   This is the Most Important Step, you are going to want to learn how to bid your Foreclosure Property Maintenance jobs, get Reo Foreclosure Foreclosure Property Maintenance Contracts, Get your Foreclosure Property Maintenance business registered with the Banks & Reo Asset Management Companies-Here is an excellent link that provides all this information and more:
http://listbankrepos.com/startaforeclosurecleaningbusines...

7.   Once you have gotten your Foreclosure Property Maintenance Business completely up and running, the next step is getting your Foreclosure Property Maintenance Jobs & Reo contracts quickly.  For success in the Foreclosure Property Maintenance Business, you will need to get contracts.  There are literally hundreds of Banks, Mortgage Lenders, & Reo Asset Management Companies to register your Foreclosure Property Maintenance Business with to start receiving work and trash out jobs from them.  Here is a link with over 1200 Direct Bank Reo Foreclosure Contacts:
http://listbankrepos.com/Reo-Asset-Managers-List.aspx

8.   Marketing Your Foreclosure Property Maintenance Business-Marketing is vital also to your success! With the internet now so prevalent, this is one of the best and cheapest places to advertise your Foreclosure Property Maintenance Business on.  However, you can receive Foreclosure Property Maintenance work from Banks, Mortgage Lenders, Reo Asset Management Companies, and local Reo (Real Estate Owned) Real Estate Agents in your area (they specialize in listing bank foreclosures).  Here is a link that provides hundreds of free ways to promote and advertise your Foreclosure Property Maintenance Business to Banks, Mortgage Lenders, Reo Asset Management Companies, and Reo Real Estate Agents.
http://listbankrepos.com/Marketyourforeclosurecleaningbus...

9.   Make sure your Foreclosure Property Maintenance Business is placed in the Property Preservation Directory. This is an absolute Must-Have for your new Foreclosure Property Maintenance Business! Here is a link to the #1 Property Preservation “Foreclosure Property Maintenance” Vendor Directory the Banks and Reo Asset Management Companies use to find and locate new Foreclosure Property Maintenance and Property Preservation vendors.
http://www.propertypreservationdirectory.com

10. Another great way to get Jobs, Contracts and Work for your New Foreclosure Property Maintenance Business is by joining the Foreclosure Cleanup Network.  It's a great resource and completely free to join, network, and advertise your new foreclosure property maintenance business. It's a free social network dedicated to the Foreclosure Property Maintenance Business and most Foreclosure Property Maintenance Companies that clean foreclosed homes and bank owned houses are on this site.  Join and start networking with other Companies that Clean Foreclosed Houses today.
http://www.foreclosurecleanupnetwork.com

We wish you much success in Starting your own Foreclosure Property Maintenance Business!

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Free Top 5 Tips to Start a Foreclosure Property Maintenance Business
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