In December of 2008, “60 minutes” aired a piece on foreclosure clean up businesses and how there is a boom in this business. If you were able to watch the show, you might probably be thinking of putting up your own foreclosure clean up business. With the way things are going now it would be a good way to go to start your own business and just follow these few tips.
What is a Foreclosure Clean Up Business?
Abandoned Homes and buildings are usually havens for a lot of criminal activities. One way of solving this issue is get these properties back in the market as soon as possible. Real estate companies, financial establishments and homeowner associations would hire foreclosure clean up businesses to take all the garbage and unnecessary things in the property to prepare it for lease or sale. The sooner these places are cleaned up, the less likely are criminals to enter them since it is already out in the market.
Tips for the Business
If you plan to go into this kind of business there are just a few tips that you would want to consider.
First of all, find a good name for your business. It would be advisable to include “Foreclosure Clean Up” in the name of your business. This will directly tell people what your business is about and what kind of service you offer. Make your name catchy and easy to remember.
Second, be sure you are a legitimate business meaning you have all the necessary permits and license to operate your business. People will not be getting your services if you have no permits and you can be finished before you even started. You will have to get these licenses and permits from your local government office.
Aside from these you would also need to be insured. This will protect you and your employees from any liabilities or untoward incidents. There can be a lot of potential source of accidents when doing this type of clean up. Remember you are dealing with old abandoned buildings or houses. This will involve everything from taking out the trash to installing windows or even winterizing the place. The job will vary depending on what is required by the place. It may take just a day or two or even weeks.
Last but not the least be sure you have enough people for the job. You may want to outsource some of the jobs required, it’s up to you. When you get the contract for the job, it will indicate everything that has to be done and from there you will be able to see if you can handle it alone or if you will need to hire other professionals to do the job. Your job as a foreclosure clean up service is to prepare the property for re-market. The job may or may not require repainting or some carpentry work.
These are just a few tips to help you get started. Know more about the business before jumping in. This will prepare you and help make your business a success.
See: How to start a cleaning business
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