Do property preservation companies make any money? With all the foreclosures going on, I don’t see any reason that they wouldn’t. We show you some links where you can get more information about the possibilities.
No, the business isn’t free. I mean the idea we’ll give you is free, as always. Except for when they’re not.
We get occasional emails asking us for work-at-home ideas that are not Internet-based or that don’t require computer skills. I have to admit, the question is a little above our pay grade because Steve and I are both computer dorks. We make money using the Internet and computers, so when somebody asks us about other ideas we’re like, What? Does anybody make money without computers?
Of course they do. Lots of people make lots of money without broadband and html knowledge. So if you’re looking for a home business opportunity that doesn’t involve blogs or affiliate marketing, you’re in luck today.
Foreclosed Homes Mean Opportunity
When a bank someone else takes over a home and it isn’t ready to sell, they need someone to take care of the house. Clean out the yard, get rid of owner belongings, maybe do basic repairs. That kind of thing. If you can get banks and property owners to give you the work, it could become a good small business. Here’s how one such “property preservation” company describes what it does:
Our goal is to give financial institutions a quick way to turn their non performing assets into a quick sale by performing property preservation from start to finish within 48 hours of receipt of property assignment. Once property preservation has been accomplished, our clients can immediately place the property for sale.
See more about what this company does on its Web site.
If you’re living in an area where folks and the housing market are not doing so great, there might be lots of work out there for you.
A commenter on our HUD refunds processing thread is offering an e-book that teaches you how to get into the business. Yeah, I know. There’s always an e-book, isn’t there? We haven’t seen the book so we can’t vouch for it. We asked for a review copy, but they weren’t interested.
Still, if you’re serious about earning some extra cash around your neighborhood, it could be worth a look. Just keep all your filters turned on. Also look in your area to see how many competitors are already doing that kind of work. The site selling the book is here.
If you look into it, are working that kind of job now, or buy the ebook, let us know. We’d love to hear from you.
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4 Responses
I want to start a property preservation company. What do I need to do or what is the process.
Thank you.
Actually it might be easier to start in “Mortgage Field Inspecting” and graduate into property preservation as you make contacts. Believe me, as I have been in this field since ‘05, once you start getting involved with foreclosed homes you’ll find that, in a local sense, it’s a small crowd of the same trusted service providers. A lot of PP companies pop up so it’s increasingly harder to fight for contracts without references of companies you’ve worked with. Good luck and remember that even that’s it’s working from it’s still work.
Look, apparently there are as mentioned only a few huge companies whom are taking in the lions share of this so called easy money while paying out to contractors a fraction of what they take in. I for one am sick of this sort of set up. Its time the little guy is given the chance to earn a fair wage and as for the big guys well there is really no need for them, what do they do really other then wine and dine the bankers to show favor while they hold all the cards in their hand. Its wrong and down right stupid for a huge bank to think paying this so called company for something they don’t do to start with. Its the old middle man trick and well we don’t need it, its partly why we’re where we are now to start with, these brother inlaw deals have really started to wear on me, so I say kick the middle man to the curve pay the one who does the work and well lets put something back for a change! lets start with honesty and humanity. The so called Property Preservation companies or more often then not owned by someone whom is close to the banker, mortgage company or broker. Its time we let the man doing the work get paid and the fat cats get out of the way.
The reality is unless you have the ablity to handle large volume the wine and dine this is a bogus thought because its about results and quality. This is not an industry to just jump into thinking you’ll get rich. It’s work hard work. I have been doing it for the last 6 yrs both sides. Advice do your research and educate yourself on how to do it right otherwise you won’t last. Remember feast or famine