Contractors Wanted Nationwide for Foreclosure Property Preservation
Many contractors around the nation are scratching their heads as to how to get more business with this economy. For contractors looking for work a great solution can be working for Foreclosure Property Preservation companies, asset managers for foreclosed properties, and REO property managers.
With this absolutley massive influx of bank owned properties, REO’s and foreclosures there is tremendous opportunity for contractors who are organized, patient and willing to do some legwork.
That said there are two routes to obtaining this type of business.
First route is to go it alone, and this can be trying. What one would do is search out various banks, REO asset managers and REO agents and solicit them directly, zoinks! This can be a Tough sell and you have to be very persistent and probably spend much more time behind a computer than you might like.
Route two is go to as many REO property preservation companies as possible. These are companies that take care of large volumes of foreclosed homes and REO Agent properties for the REO asset managers. This is your best bet. They are always looking for reliable talented and professional vendors and contractors.
There are places that sell lists of reo property preservation companies and forceclosure proeprty managers as they are very hard to find in bulk as they tend to be cryptically named large buracracies.
If you live and work in an area with a lot of this type of activity you could have a lot of business in short order.
One source that I have found that has a vendor sign up and appears to be doing volume is http://REOcontractorSource.com
M Steele is an REO Agent specializing in Foreclosed REO properties with 18 years experience.
For more information on REO asset managers and getting REO listings go to
Tags: REO property preservation
Uncategorized | dkitchell August 9, 2009
2 Comments to “Contractors Wanted Nationwide for Foreclosure Property Preservation”
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By Joe, October 26, 2009 @ 12:34 am
We've been doing this property preservation just a short amount of time. We got our 1st job in July and billed $500. At the end of this month (October 2009), we will bill between $20-22K. Some of it comes from one company that gives us regular jobs in PP. Lock changes, trash outs, lawn cuts, etc. The down side is that the margins are pretty low. The other stuff we have gotten is higher profit, but does not come as frequently as the other jobs.
It is hard to make money, but I do see the potential at it. I have been investing in real estate since Feb.2005, and since the bust, I think it is pretty much the only way that you can make money at real estate. I gotta make it work, I cannot get hired at a 9-5 job nor do I want to.
I would be happy to help out anyone else that wants to try to get in- the goods bads and the uglys. Or, just go to my website cause it shows what we have done and are moving toward.
http://www.foreverfloridaone.com
By Maxim Ent, November 18, 2009 @ 7:58 pm
You should also consider attending your local networking events such as the Chamber of Commerce meetings and all local investor meetings in order to hand the card and network with potential clients. The more you out there, the better chance you have to secure some large, long-term customers!