The foreclosure shop has made beginning and running a Foreclosure Cleanup & asset Preservation company a very lucrative entrepreneurial investment - there were over 175,000 foreclosed properties last month alone! The banks need man to cleanup and fix up these properties prior to putting them back on the market.
But banks often pay 30 - 60 days after you aid the property, and this poses some cash flow problems when you're first beginning out. The larger banks and asset administration companies ordinarily pay 30 - 60 days after invoices are submitted (although most of them pay around the 30 day mark). Now most of the time this is Ok, because these larger companies are ordinarily sending vendors 10+ properties to service/clean out per month, but if you're just getting your feet wet, you'll need your money faster.
The Shirt Company
Unlike banks and asset administration companies, smaller companies and investors ordinarily pay upon completion of the project or within 15 days. Unlike the larger companies though, they may only send a few projects your way, but this is fine if you're beginning out and doing most of the work yourself (and in the beginning you will surely have to do most of the work on your own. Many companies I know that just started out asked family/friends to help out instead of hiring staff as they are commonly willing to help you out and willing to wait a bit to get paid).
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Company 81 "Oneness" T-Shirt (Sizes 4 - 7) - white, 6 Feature
- 60% Cotton, 40% Polyester
- Machine Wash Cold, Inside Out
- Made in China
Company 81 "Oneness" T-Shirt (Sizes 4 - 7) - white, 6 Overview
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*** Product Information and Prices Stored: Mar 14, 2012 19:32:00
I would advise targeting investors who have bought properties that they are intending to rent out or flip and/or smaller asset administration companies in your area. Here are some ideas for doing this:
1. Put an ad online on Craigslist or Kijiji saying something like, "Attn Investors - We'll clean up and repair your asset for the best prices in ________ (name of city where you live)" or "We Clean Up & Fix Up Bank-Owned Properties" or even "We Clean Up & repair Houses" and then in the main text, divulge your services and experience information.
2 Look for companies or investors that "wholesale properties" - this is a group of investors will purchase a house (usually for cash) for way under shop value and then turn around and sell it to an additional one personel investor that is willing to put the time and money into the asset to fix it up. You can find these companies by Googling terms like, "Wholesale properties + (your city)", "wholesale real estate + (your city)", "real estate investors + (your city)". You may have to sort straight through some unrelated links but this is probably the best way to locate these wholesale investors. Once you do, give them a call and tell them that you're in the asset preservation company and you'd like to offer them your services. You can also tell them that if they refer your services to an investor that buys one of their properties that you'll give them a "finders fee" commission (usually 10% of the value of the contract). The best thing about these investor groups or personel investors is that they will sometimes give you a deposit (25%-50%) to start the project and then pay you the rest as soon as the work is done.
3. experience Realtors and ask them if they know of any personel investors that need asset preservation services. Make sure you result up with a phone call if your first experience is an email, and vice versa.
4. While you have the Realtor on the phone, ask them if they have any current listings that need a move out clean or some minor repairs. Sometimes a quarterly jobber (including homeowners and investors who currently own property) will realize that their house needs a good clean or a paint job in order to move it off the market. This is a good chance to get some "before" & "after" photos as well as a good reference for your services. And, as a bonus, these habitancy commonly pay immediately also.
You will surely have to spend some time on the phone and on the internet (searching for potential customers and sending out introduction emails). It does take a bit of time to plant the seeds but eventually, something will grow. Also, make sure you get some company cards (try www.vistaprint.com) and give them out to every person you know! If you belong to a church, sometimes they will let you advertise in their church bulletin for free or for a very small fee (i.e. ). Let every person you talk to know that you've started a company and that you would appreciate any referrals, no matter how small the job - word-of-mouth referrals is a very productive way to advertise (and it's free!). Again, you can also offer 10% finders fee as a "thank you" for anyone who refers you a job.
Another literally leading thing: when you do a job, invoice immediately and ask them when you can expect to be paid (on your estimation you should put cost terms, such as "Payment due upon receipt" or "Payable within 7 days of invoice receipt"). Don't wait around to get your invoice to them because the longer you wait, the longer it will take for them to pay you.
So, in summary, look for the smaller jobs first to help build up your "before & after" photos as well as your references. Since they commonly pay faster, it's also a good way to build up some savings so you can afford to go after the big companies and then wait the 30+ days to get paid. You have to spend some time working at it, but you'll surely see big payoffs if you put the time and energy into getting the word out. Once you have a solid portfolio and a steady stream of cash, you can start submitting your company data to the larger asset administration firms.
Running a Foreclosure Cleanup & property Preservation business - How to Get Paid SoonerLou Reed - Beginning of a Great Adventure - New York Album Tube. Duration : 4.97 Mins.lou reed - new york album LYRICS: It might be fun to have a kid that I could kick around a little me to fill up with my thoughts A little me or he or she to fill up with my dreams a way of saying life is not a loss I'd keep the tyke away from school and tutor him myself keep him from the poison of the crowd But then again pristine isolation might not be the best idea it's not good trying to immortalize yourself Beginning of a great adventure Beginning of a great adventure Why stop at one, I might have ten, a regular TV brood I'd breed a little liberal army in the wood Just like these redneck lunatics I see at the local bar with their tribe of mutant inbred piglets with cloven hooves I'd teach 'em how to plant a bomb, start a fire, play guitar and if they catch a hunter, shoot him in the nuts I'd try to be as progressive as I could possibly be as long as I don't have to try too much Beginning of a great adventure Beginning of a great adventure Susie, Jesus, Bogart, Sam, Leslie, Jill and Jeff Rita, Winny, Andy, Fran and Jet Boris, Bono, Lucy, Ethel, Bunny, Reg and Tom that's a lot of names to try not to forget Carrie, Marlon, Mo and Steve, La Rue and Jerry Lee Eggplant, Rufus, Dummy, Star and The Glob I'd need a damn computer to keep track of all these names I hope this baby thing don't go too far I hope it's true what my wife said to me I hope it's true what my wife said to me, hey I hope it's true what my wife said to me She says, "Baby, it's the beginning of a great ...
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