Thank you Don & Greg!
Answers are right on + there's a few more facts:
Not only am I an agent, but my husband has been in the business of providing a "full" service Trash Out, Sales Clean, handyman, etc. company.
During the "mean & lean" times, there are several companies out there that just want to "underbid" companies that are "Licensed, Bonded, & Insured" business' & contractor's. We've been providing this service for over 2 years and have seen a dramatic change even in this type of industry.
The only image of this type of "service" is that it's an "easy" way to may "GOOD" money. Well, from experience, there are times when you receive payment and say "I actually made a profit on this one!!"
Many lender's require you provide "2" bids if the estimate is over $495. That does bring in the competitveness. On several jobs, our company has received the approval even though the estimate comes in higher?
Why? The experienced REO agents provide "due diligence" to their lender's by researching and making sure the companies they hire are "insured".
If you are allowed onto the property for a clean-out, repairs, or any type of maintenance and the contractor/sub-contractor, or employee is injured, it can become a complicated situation.
Good REO Trash-Out companies are covered by a minimum of a $1,000,000.00 insurance policy. Two lender's that I'm ($aware of actually insist on having proof by a "Certificate" from the insurance carrier or you don't get the job. Insurance premiums can be exceptionally expensive for these companies, ($1,400-$2,100 in CA) + Workman's Comp.
My advice for you Santa is to set your business up the right way in the beginning. Get the proper Insurance, equipment (cleaning supplies as they become expensive), professional marketing materials, and MOST of all invest in "Quickbooks".
When you do all that, you then do some simple math and figure in all of your proposed overhead. Simple division, and you can move forward with how much you should charge.
Whew......sorry for the long answer but it's a little more complicated than to just "Clean" foreclosed homes/properties.......if you want to do it the right way anyway!!
Best of luck!!!