July 13, 2024


Mad about real estate

Cleaning Foreclosed Homes for Banks –Is This a Viable Business Opportunity?

Cleaning foreclosed homes for banks is one of the new business opportunities that is quickly gaining popularity. The idea behind it is very simple. You go into homes that have been foreclosed and clean up the property so the bank can then sell it. The scope of that cleaning is what sets you apart from your competition. Your services can range from simple cleaning to replacing carpeting, doing landscaping and even arranging home repairs like new roofing or electrical work. So is this really a viable way for anyone to make a living? It is and in fact many folks who have already rolled up their sleeves and gotten down to work, are now enjoying the fruits of their labor.

The main reason that cleaning foreclosed homes for banks is such a great business venture is two fold. There’s a great demand for it and that demand is not disappearing. For as long as banks have been handing out mortgages, homeowners have been defaulting on them. That’s just a fact of life. Once you see the potential in that, for you, you can start to pursue your own business cleaning out foreclosures.

If you’re looking for a get rich quick scheme you should keep on looking. It does take time to get established in this industry but the positive side is that once you’ve cleaned a home, your reputation is already on its way to being built. If you can establish a mutually beneficial relationship with your local bank or REO Real Estate Agent you can expect to have business coming your way for years to come.

As is the case with any business related undertaking you want to ensure you’ve got everything in order before you begin. A business license is a must and you need to develop a plan of what your rates will be and exactly how encompassing the services you provide are. Developing a strong relationship with a local contractor may help you to secure more jobs solely based on the fact that you can provide home repair services in addition to the basic cleaning services.

If you’re not afraid of getting your hands dirty and if you have the necessary drive and determination this is a great business opportunity for you. If you’re currently employed you can launch the business in your spare time. If you’re one of the millions of individuals in-between jobs, jump into this full force. There really is no time like the present to get your foreclosure cleaning business up and running.