Clean Foreclosure Homes - Where to Get Clients Who Need Your Services
Posted by: real estate / Category: ForeclosuresSince the foreclosure crisis started a few years ago, one of the most often-asked questions by business opportunity seekers has been, “How do you start a business cleaning out repossessed and foreclosed homes?”
But perhaps the first question should be, “Who will I market my foreclosure cleanup services to?” For marketing is the lifeblood of every business, and without a clear idea of who your clients are going to be, it’s going to be really tough to succeed — no matter how hot a business opportunity foreclosure cleaning is.
Following is one group to target that you may not think of right away, but who make fertile ground for which landing foreclosure cleanup jobs.
Junk Haulers: A Great “Partnering” Opportunity for Foreclosure Cleaning Companies
“Why junk haulers? Aren’t they ‘the competition?’”, you may be thinking.
Yes, they may very well be. But junk haulers make good companies to market to for the following reasons:
(i) Not Multi-Service Firms: Many junk and debris haulers are just that — they clear out and haul away junk and debris — and that’s it. While debris removal may be a service your foreclosure cleaning company offers as well, you can partner with a firm like this and outsource this portion of the job to them, while you handle the other portions of the job (eg, interior cleanup, minor repairs, lawn maintenance, etc.).
(ii) Not Fully Insured: Many junk haulers are not insured like a full-service foreclosure cleanup company would be. This makes them ineligible to handle a lot of what needs to be done to foreclosed homes for sale.
You see, most of these jobs are handed out by the REO (real-estate owned) departments of banks and/or realtors who handle foreclosures. The reason it’s important to know this is that they require proper insurance and business licensing before they will subcontract the work these properties need.
Their subcontracting guidelines vary by state, lender and/or municipality, so check with them to know exactly what you need in the way of insurance and business licensing. As a heads up, some of the types of insurance you’ll be asked for are liability, workmen’s comp and/or an official business license.
Many junk haulers may have some or none of these. Because many start out as sole proprietorships and never grow beyond that, they don’t have the full battery of qualifications to be able to take on jobs from banks and realtors as primary subcontractors. But, they make perfect subcontractors for you if you’re a full-service foreclosure cleaning company with the proper credentials in these areas.
So be sure to target junk haulers when you start to market your foreclosure cleanup services. While everyone else is inundating realtors and banks (and you should be also!) with their marketing materials, you can also start building relationships and pulling in jobs from these types of businesses as well.
May be reprinted with the following, in full: To learn everything you need to know to start a foreclosure cleaning business, log on to ForeclosureBusinessNews.com for 200 pages of first-hand information from the owner of a leading foreclosure cleanup company in Atlanta, GA.
Yuwanda_Black
Last 5 posts in Foreclosures
- Government Tax Foreclosures Can Be Amazing Opportunities - April 1st, 2009
- Prevent Foreclosure Scams - April 1st, 2009
- How Do You Buy Foreclosed Properties? - April 1st, 2009
- Owner Financing - The Foreclosure Process - April 1st, 2009
- Foreclosures Increase While Homes Sales Drop - April 1st, 2009
Things to know:
1. Check your financial status: can you afford a new home at a recession period? Do you have an emergency fund you can count on for at least six months? Are you sure you have a steady job as well as a stable job? Do you have enough money for the down payment?
2. Get a credible and well informed estate broker that could give you information about the best mortgage lenders. Do a proper research on few of them and establish a relation with at least two of them. This might involve opening account with the two. This… Continue reading
Since 2007 the housing market has been in turmoil.
Lenders stopped lending, house builders stopped building and home owners have slid in to negative equity.
Month after month house prices have slipped making the average price of a property in the region of 20% less than it was at peak. Only in recent months have the declines in the monthly falls really been noticed.
Many home owners are now stuck in negative equity unable to move. During the boom years when their house was worth a lot more they may have used the equity available from their home as unearned income. With this… Continue reading
With these first time home buyer grants from the government, new home owners can get down payment assistance to help them purchase their brand new home. This is funding that is provided to tax paying citizen, generally through local government agencies, and can be obtained regardless of income or credit.
First time home buyer grants can provide as much as $20,000 in cash to be used towards your down payment or closing costs. That’s instant equity that you can put into your home and more money that you can keep in your pocket.
Buying a home is one of the biggest purchases… Continue reading
OWN: Your home builds equity for your future. You can use equity to move up to a new larger home one day, or to help send your children to college.RENT: No equity is built, no matter how long you rent. It’s like pouring money down the drain.
OWN: You control your monthly payment.RENT: Landlord controls payment.
OWN: New home buying tip: mortgage interest is tax-deductible. The government’s loss is your gain.RENT: No tax benefits.
OWN: A nice, safe backyard for children to play. You have room for pets, and also a garden.RENT: No backyard, no garden. Often pets not allowed.
OWN: A new garage… Continue reading
Related posts
Tags: Foreclosure
May 8th, 2009 at 10:01 am
looking for foreclore cleanup bids thanks