Are you interested in starting a foreclosure cleaning business? Do you want to make money cleaning foreclosure properties? Do you need a sample foreclosure property cleaning business plan template? Then i advice you on.
With the effect of the recession biting hard, a lot of people will definitely lose their job; which will result in a lot of them not being able to pay their mortgages. When this happens, their homes are foreclosed and it becomes a property of the banks.
NOTE-: This article was culled from “The Complete Guide to Starting a Cleaning Business.” You can take the course for FREE.
Although this is a sad situation for most people, there are individuals who manage to turn the tide and earn money by starting a business in cleaning out these foreclosed homes and areas. This is exactly where you come in. Do you want to learn how to start a business cleaning out foreclosure properties? Then read on.
Starting a Business Cleaning Out Foreclosure Properties – Sample Business Plan Template
In the business of cleaning foreclosure properties, what usually happens is that when these houses get foreclosed, the banks or the mortgage companies have to resell it in order to make a profit. So they hire people to clean these areas.
Businesses that clean out foreclosed properties actually have existed way before the recession, and with the banks foreclosing a lot of business areas and homes, demand for this type of work has actually increased. It is not a well known or a high paying job but it has survived and is currently booming in the midst of recession. So without wasting your time, here’s exactly how to start a business cleaning out foreclosure properties.
- Get a business license
The first step to starting this business is to apply for a license. To apply for a license, your business needs to have a legitimate name and also, it needs to be clear on whether it is a sole ownership, a partnership or an organization.
Application for business licenses can be done in the local government office but be aware that depending on the type of business entity you operate, you may have to apply for a license in different government agencies. However, for all business enterprises, having insurance is vital. There are insurance companies that specialize in cleaning businesses.
- Get the necessary cleaning equipment
The next step is to get all the cleaning supplies needed for the business; it is also advisable that you learn how to handle hazardous wastes because it is quite surprising how filthy a person’s home can be and some of these foreclosed houses are actually in serious state of disrepair and infestations.
The government usually offers lectures and seminars on how to manage dangerous wastes. It is prudent to attend these classes for extra knowledge and aside that, it gives added credibility to the business.
- Source for clients
The most important step to starting a business cleaning out foreclosure properties is to build a network of clients. In this type of business, a referral is usually the best way to gain a client. Being well known amongst banks and mortgage companies usually results in a steady stream of jobs.
Banks and mortgages are not the only establishments that require a cleaning service, real state agencies, apartment units and other working companies are also great contacts. Placing advertisements in newspapers and radio networks can also help a great deal.
In conclusion, I hope these tips on how to start a business cleaning out foreclosure properties will help budding entrepreneurs start a profitable cleaning business. Even though the increase in popularity of this kind of enterprise resulted from the sad event of the economic crash, the lesson that is learned is that you can always make the best out of a situation if you look hard enough. Here is a sample cleaning service business plan template you can use for FREE.