Five Companies To Sign Up With For REO Garbage Removal And Foreclosure Cleanup Jobs
Website design By BotEap.comMany smaller foreclosure cleaning businesses get work from larger mortgage field service companies. The garbage cleanup and foreclosure industry is on the rise, as evident in foreclosure industry reporting data from sources like RealtyTrac, an online marketplace for foreclosures. According to RealtyTrac, there were 3,825,637 reported foreclosure filings on US properties in 2010. That’s a double-digit increase from 2008.
Website design By BotEap.comForeclosure cleaning companies handle the cleaning, cleaning, and ongoing interior and exterior maintenance of homes that have been foreclosed on by banks and mortgage companies. The services that foreclosure cleaning companies offer can include a wide range of services, well beyond cleaning. Services offered by these companies include cleaning, debris removal, painting, minor repairs, lawn maintenance, roof tarpaulin and complete roof repairs, pressure washing, gutter cleaning, one-time and ongoing inspections, vehicle removal. , logging, winterizing, padlock. change, window and door siding, and more.
Website design By BotEap.comFirst, establish your foreclosure cleaning company
Website design By BotEap.comMany small foreclosure cleaning companies get work from property preservation companies. While there are a large number of property preservation companies, registering with all of these entities can be a time-consuming process. The best way to start getting a job is to establish your business with the right license, insurance, and equipment.
Website design By BotEap.comYour license: Often what is needed is a business occupational license from your county’s County Clerk’s Office. Each county is unique, so call your government office that handles business licenses in your county to find out what type of license you will need based on the services you choose to offer.
Website design By BotEap.comCommercial insurance: Next, contact a local insurance agency and analyze your business so that you can better determine the type of coverage your business will need. At a minimum, you will need liability insurance coverage. Also plan to discuss obtaining workers’ compensation insurance and the proper coverage for your vehicle.
Website design By BotEap.comPreparation for the team: There are a few routes you can take when it comes to sourcing equipment for your business. You can a) buy equipment, b) rent equipment, or c) use the equipment you already have on hand in your garage or basement to start your business. Plan your equipment based on the services you plan to offer in your business.
Website design By BotEap.comNOTE: If you select your services or offer one-stop-shop services based on outsourcing or referral, you will need a limited team to get started. However, if you choose to become a one-stop shop and do everything yourself, you will need more equipment. Keep this in mind when planning your business and your equipment needs.
Website design By BotEap.comOnce you’ve properly researched the industry, planned your business and marketing strategies, obtained the proper license and insurance, and have your equipment needs in order, it’s time to start signing up for work.
Website design By BotEap.comThe best way to start is to register your business with larger property preservation companies. Below is a list of five great property preservation companies. Contact them to get your vendor packages and start registering your business to be part of their databases.
Website design By BotEap.comList of the top five property preservation companies to register with
Website design By BotEap.com1. Mortgage Contracting Services, LLC: A national property preservation and inspection company founded in 1986. (Website: mcs360 DOT com)
Website design By BotEap.com2. Cyprexx Services: Cyprexx is a national field service company providing property upkeep, inspection, repair, and maintenance services to some of the largest financial organizations, government institutions, asset management corporations, and brokers in the U.S. (Directorate of Internet: cyprexx DOT com)
Website design By BotEap.com3. Five brothers: This company has been in business for more than 40 years providing services related to the conservation, inspection and management of real estate. (Website: fivebrms DOT com)
Website design By BotEap.com4. Field Asset Services, Inc .: Field Asset Services is an REO asset management and property preservation company responsible for more than $ 7.3 billion in residences on behalf of nearly 30 major clients nationwide. They regularly take care of more than 120,000 properties. (Site: fieldassets DOT com)
Website design By BotEap.com5. Lenders Asset Management Corp. (“LAMCO”): LAMCO has been around since 1989 and offers residential REO asset management and outsourcing solutions for national lenders, banks, managers and investment firms. (Web: lendersreo DOT com)
Website design By BotEap.comProperty Conservation Test Planning
Website design By BotEap.comWhen you register your foreclosure cleaning business with these great property preservation companies, be prepared to show proof of insurance, business record, and quite possibly be prepared to take a property preservation questionnaire. Most of these quizzes are straightforward tests that simply judge your understanding of basic industry terms and tasks. Much of the test information is readily available online, if you don’t already know it.
Website design By BotEap.comForeclosure Cleanup Jobs for Years to Come
Website design By BotEap.comRemember, once you sign up with these companies and your credentials are verified, these larger entities can provide your business with bulk foreclosure cleanup work for years to come.
Website design By BotEap.comMuch success registering your REO junk business with these companies for foreclosure cleanup jobs!
Website design By BotEap.comFor a more comprehensive list of property preservation companies and other key businesses to sign up with for REO foreclosure cleanup and trash removal work (with direct vendor job links), see the Hiring Directory and outsourcing to the real estate and property preservation industry.