Hi Sandy,
The greatest thing is word of mouth and the referrals you get by asking just like you are doing. I also see (sometimes) business cards at homes from business' that offer the things some homes need such as lawncare, clean-up, mold remediation, painting, pool maintenance etc. Join a networking group such as BNI in your area or there are free membership groups such as WIRE SW FL that you can go in as an affiliate in order to rub elbows with the realtors and subs. You can also get call on specific realtors that have lots of listings to find out their contacts or make them a great offer to go in periodically to check the property (a/c and water still there after a week). You don't know how much trouble in can cause when those things go missing in between a signed offer acceptance and closing especially when a mortgage co is envolved. Everything must be replaced before closing in order for the mortgage co to close. Security systems, motion lights, equipment cages are all excellent profit centers. If you need to be hooked up to a WIRE meeting then email or call me and I will be you on the email list. Happy to help.

Sarah Garrett, Realtor
ALLIANCE REALTY GROUP
"Chosen Best in Client Satisfaction 2006-2009"
By Gulfshore Life Magazine
sarahgarrett@argfl.com
239-464-8620

Fred gave a good answer and suggestions for your business!! There are lot of competition in this business and most of them have their selected companies to do this cleaning business.

Yes, the Foreclosure Cleanup Business is saturated in most areas of the country.

The attraction of low start up costs, easy money, etc. has brought way too many people into that business. (Do an Internet Search for "Foreclosure Cleaning", and look at the pages of REO Cleanup Kits, Courses, Webinars, Seminars, etc. that are for sale).



One possible niche that may still be available is Securing Foreclosures... specifically, Boarding Up, Changing Locks, etc.

Should you decide to pursue such a business, have an Attorney draft a Contract that would exist between you and the Seller (Bank, REO Department).

Ask the Attorney about the necessity of getting Liability Insurance for your company.

Best wishes,
Fred

Sandy,

It is true. I've had roughly 10 phone calls from similar companies in the last 3 months. My significant other's brother is in that business now and tells us how lucky he is to have gotten involved over a year ago before he had a lot of competition. Even he's slowing down now. What other services do you offer? There may be a niche that you haven't hit upon yet.

I'd be happy to brainstorm a few ideas with you to see if it would help. Let me know!

Danielle