You have to start by doing your initial industry research, then formally setting up your business. Don't start without at, minimum, a BASIC business plan... doesn't have to be formal or fancy, but you'll need a road map -- otherwise youâ€™ll be â€œdrivingâ€ all over the place with no direction at all. Then, get your licensing and insurance and start marketing the heck out of your business (have a loud mouthpiece, or the competition will eat you up!). A "shoestring" budget is fine for starting a foreclosure cleanup business. (Itâ€™s one of the best things about starting a business cleaning foreclosures.) Tons of foreclosure cleaning information, advice, JOBS & SMALL BUSINESS CONTRACTS, including "How to Start a Foreclosure Cleanup Business Quickly and On a Shoestring Budget" below. Also, visit Trulia Foreclosure Cleanup Blog for a plethora of start-up information. http://www.trulia.com/profile/foreclosurecleanup/blog/.
Much success to you!
Cassandra Black, Foreclosure Cleanup, LLC
Most banks actually use what's called a field service company to clean and maintain their properties. Some banks expect more then others. For example, some will make you as their "vendor" handle the re-key, take pictures, give them a bid on all that needs to be done including trash removal and hauling plus keeping up the property and yard for the time the property (REO or Asset) remains in their inventory. They are also starting to have their vendors handle what's called Cash for Keys negotiations. They usually have guidelines on what they pay you.
Field Asset Services or FAS is the largest Field Services Company here in the area so I would start there because more and more lenders and banks contract with them instead of having the listing agent handle it. Here is there website: http://www.fieldassets.com
Home Team of America
Ok, so it's not that bad, but seriously, just contact the listing agents that primarily do REO properties and start working on them to get yourself in the door. That would be one of the best ways to go about it.
Foreclosed homes are called 'REO' homes in the trade. It stands for 'Real Estate Owned' (by the bank). You can do a Google search on "REO listings San Antonio" and you will get the name of several listing agents. They are responsible for cleaning up the homes and making them ready to sell. An easier way is to call a REALTORÂ® friend and ask them for a list of agents who have listed REO properties. They can also look up VA/HUD Repos, Lender-owned, etc. It's an easy search in our Multiple Listing Service (MLS).
If you don't have any REALTOR friends, contact us. We'll be happy to help you.
Ellen and Doc Stephens, REALTORSÂ®
Keller Williams Realty
10999 IH-10 West, Suite 175
San Antonio, TX 78230
(210) 696-9996, ext409
Sorry, I can't help myself...
Larry's advice is excellent... if you see a foreclosure, call that agent, and ask if they already have a contractor. Most of them do already, but if you are professional and reasonably priced, and you are willing to wait 30 days for payment, they will hire you.