Property Preservation, Foreclosure Property Maintenance, and Inspections

July 27, 2010 - PRLog -- Property Preservation needs have grown ten fold with the current flood of foreclosures and it seems there is no end in site of the demand for Property Preservation services.  

What is Property Preservation?
Property Preservation is a term the Banks and Mortgage Reo Asset Management Companies refer to for their vendors that come in and clean up, repair, and maintenance their bank Reo Foreclosure Properties. Reo means Real Estate Owned or better known as a foreclosure property.  

When a home forecloses on, the Banks, Mortgage Lenders, and Reo Asset Management Companies call in Property Preservation Companies to come in and clean, repair, and maintain their bank foreclosures so they can quickly put them on the market for resale.  The banks have lost millions of dollars on these properties and the longer these properties do not get cleaned up and prepared for resale, the more money the banks stand to lose.  

With this comes a Huge and Booming Niche Business called Property Preservation.  95% of the bank owned homes and foreclosures have personal belonging, debris, and trash that needs to be cleaned up before these foreclosed bank owned homes can hit the market again.  This is where the Property Preservation owners come in.  Once a property forecloses on, the banks immediately call Property Preservation businesses that specialize in cleaning foreclosures & cleaning bank owned properties to come out and clean up (remove all items left at the property- also referred to as a "trashout"), changes the locks and secure the property, mow and maintain the lawn, perform winterization on the homes in colder climates, and much more.   Many of these Property Preservation Companies are literally working 7 days a week to keep up with the demand!

How do I Start a Property Preservation Business working for the Banks and Real Estate Agents?
This is actually one of the easiest and fastest businesses to start! You can even start this business usually for under $500.  Your first step will be to get a business license for your Property Preservation and Property Maintenance Business, they are usually less than a $100 and can be obtained from your local City Hall or County Department.  Next you will want to get General Liability Insurance quotes for Property Preservation services, we always recommend to get at least 3 quotes, General Liability insurance ranges for Property Preservation vendors from around $450 to upwards of $1000 per year, however majority of insurance companies allow you to make a down payment and then spread the remainder of the costs over the year.  Shop around for your Property Preservation insurance, it will definitely save you money in the long run!!

Next, you will need to learn how to get signed up with the banks, how much to charge for your Property Preservation jobs, and all about the Property Preservation Business, here is a guide to learn all about starting, running, and expanding a Property Preservation Business, we have provided a great link for you here:
http://listbankrepos.com/startaforeclosurecleaningbusines...

You can download it immediately so you can get started with your Property Preservation Business right away! The Property Preservation Business Startup Training Guide provides Step by Step Detailed Instructions to Start and Operate your New Property Preservation, Property Maintenance and Inspection Business and prepare you to start cleaning bank owned properties and cleaning foreclosures right away.  We also highly recommend the Property Preservation Marketing Guide-Marketing your New Property Preservation Business to the Banks and Real Estate Agents, here is the link:
http://listbankrepos.com/Marketyourforeclosurecleaningbus...

Next, you will want to get your new Property Preservation and Foreclosure Property Maintenance and Inspection Business registered with all the Banks, Mortgage Lenders, & Foreclosure Reo Asset Management Companies so you can start receiving work orders directly from them as they have the bulk of the work in this business. The more Banks and Foreclosure Reo Asset Management Companies you sign up with the more Property Preservation work you will have.  Here is a link of over 1200 Foreclosure Reo Bank Contacts including Phone Numbers, Websites, and much more that hire Property Preservation businesses:
http://listbankrepos.com/Reo-Asset-Managers-List.aspx

When registering with the Banks & Foreclosure Reo Asset Management Companies for your Property Preservation, Foreclosure Property Maintenance & Inspections business, make sure to be very detailed about the Zip Codes you would like to accept work as this is how the banks assign your work orders.  Once you have registered your Property Preservation Business with them all, the banks will start sending you work orders and Property Preservation jobs requesting your services for the bank foreclosed homes.  

How Much Money Can You Make Starting a Property Preservation Business and for the Banks?
Really, the sky's the limit in the Property Preservation business. You can work full-time or part-time! It's really up to you!  However, the average Property Preservation Business that Cleans Bank Owned Foreclosed Homes and Foreclosure Properties cleans 8-35 homes per week. The average pay for each property is anywhere from $500 to upwards of $2500, there are even some large jobs that top $10,000! Many Property Preservation and Foreclosure Property Maintenance and Inspection Businesses that Clean Foreclosures are earning well in excess of $50,000 each and every week.  Yes, that's right-every week!! This is a great business to start and the time to get started in this business is right now! Foreclosures are predicted to be very dominant until at least the 3rd quarter of 2012 by most Real Estate economists. Here are a few other resources for your new Property Preservation, Foreclosure Property Maintenance and Inspections Business.

Free Resources for Property Preservation:
Join the Foreclosure Cleanup Network-#1 Social Network for Property Preservation Businesses! It's free to join and network, so join today! You can also promote your new Property Preservation Business also, plus connect directly with Real Estate Reo Agents that list foreclosures to get additional work.
http://www.foreclosurecleanupnetwork.com

Join the Property Preservation Directory-Directory of Property Preservation Vendors
#1 Property Preservation Directory the Banks and REO Asset Managers go to to locate Property Preservation Vendors to work for them! Sign up for the Platinum membership-It's only $149 and you get lifetime membership and advertising for your New Property Preservation Business!
Join Property Preservation Directory Now!
http://www.instanthomelink.com

# # #

Dream Street Investments, Inc. is dedicated to serving the entire real estate industry and provide Property Preservation Training Materials to Start and Grow your Property Preservation Maintenance Business.
Please visit our visit today! http://www.listbankrepos.com