With the tsunami of foreclosures nationwide, many successful entreprenuers are Starting Foreclosure Cleaning Businesses across the country. There is expected to be nearly 3 Million Homes foreclosed on across the country this year alone and many more coming. Foreclosures are still rising significantly and banks desperately are in need of qualified Property Preservation Vendors (this is a term the banks refer to these Foreclosure Cleaning Businesses) to clean, repair, and maintain their surging foreclosure inventory. Banks rely on Foreclosure Cleaning Vendors or better known as Property Preservation vendors to get these homes ready to be put back on the market in hopes of reselling quickly. Many new business owners struggle to get foreclosure cleaning contracts. Getting these foreclosure cleaning contracts is literally very easy. We’ve provided some essential steps needed to take to get these Foreclosure Cleaning Contracts and your business to start making more money for 2011 and beyond!
Things You’ll Need
Step 1. I would highly recommend purchasing a good bank contact list. You will want a list of all the REO Asset Management Companies around to register with. You must register your business with the banks and REO Asset Management Companies directly to become a vendor for them. I have included a link below of a good bank contact list that we received. You can search on the internet, however this will take quite some time, you will literally save both time and money just purchasing a list. Once you get a good list, register with all the companies. Make sure to completely fill out your entire profile and include all zip codes you are willing to work. This is how the banks assign properties-by the zip codes. Also, make sure to include a picture of you or your business, REO Asset Managers love to associate a face with a name and it helps them remember you better which will definitely bring you more business!
Step 2. Locate all the REO (Real Estate Owned) Real Estate Agents in your area. You will want to market your services to them also. One of the best marketing tools is sending email flyers. REO Foreclosure Real Estate Agents are extremely busy and they are almost always logged onto the internet as the banks send them messages constantly. You will want to send them an email at least once a week and try dropping of flyer at the local real estate offices.
Step 3. Make sure to check your email frequently. Banks will send 90% of work orders to you via email and they usually give you a timeline of how fast you need to go out to the properties to prepare them bids. They also score you on your quickness and excellent job you do. The better you do-the more Foreclosure Cleaning Contracts you will have. We’ve provided some excellent website links below-these website should significantly help you get more foreclosure cleaning contracts. We wish you all much success!