REO Property Preservation Company – How to Start
A preservation company services REO listing agents and the bank (property owner). Services include: inspection, secure and change locks, board up, trash out.
Your company can also provides other services that clients usually require: house painting, plumbing, roofing, etc… You can also choose to hire sub-contractors to complete these services.
Build a crew and find a truck.
If you are starting a new business, the most basic set up is a 2 men crew. You can drive the truck and hire one more worker.
You should always choose a truck that fits your service area. My company service Los Angeles. There is very limited parking space and many streets are tiny. We use smaller trucks, 8 by 10 by 14 ft.
You will need some basic equipment. You can pick up many equipment at job sites.
Marketing and get clients
You are in a business to business industry, so you must have a website. There is no need to be fancy. A three to five pages website, well built and optimized can immediately bring you business.
Target market: REO listing agents, asset management companies and more.
Map out your route and dump location
If you and your client can schedule your services ahead of time, you will be able to work more effectively at lower cost. I schedule my crew so that each crew receive jobs with closer location. This save a lot of time spent in traffic, save gas and labor time. You can also schedule the last job to be the one closest to the dump for the day you do a trash out.
A preservation company can gain regular business at any time. However, in a growing economy, I suggest my clients lean more toward a debris removal/ construction clean up business. To learn more about junk removal business and construction clean up: Click Here
To Start your own property preservation company, Call (213) 221-1244 for a free consultation.