How to Grow Your Foreclosure Cleanup Business by Making It a "One-stop Shop"
In business, you can't be everything to everybody, but you can offer a host of services that can make your foreclosure cleanup business the go-to company for industry services. Learn how to position your company for growth as a one-stop shop.
A foreclosure cleanup business handles everything from changing locks on doors, windows, and other entry points, to securing and boarding up windows, doors and crawl spaces, to performing trash-outs and interior and exterior cleaning of properties, to yard maintenance and limb removal, gutter cleaning, pressure washing, completing vacancy, occupancy and cash-for-keys inspections, painting, minor repairs, pool securing and cleaning, adding tarps to leaky roofs, and more.
Becoming the Source
There are so many services that can be offered under the foreclosure cleanup umbrella. And while it's smart to niche your services when just starting your business (remember, we discussed this in a previous newsletter), you can still effectively act as a channel, the vessel, for a plethora of services that will give your customers what they need, when they need it, when it comes to foreclosure cleaning services.
Read on to find out how to position your foreclosure cleaning business to be the primary one-stop shop, the main source, for your customers. Further, learn how to protect your business from liability as you grow your enterprise.
Foreclosure Cleanup: How to Become a One-Stop Shop
You can easily become a one-stop shop foreclosure cleanup business by implementing in-house subcontracting or referral procedures to handle multiple jobs. How? Structure your business so it can seamlessly utilize the services of outside contractors. For example, if you want to offer pool cleaning, but don't have the equipment to offer the service, seek out qualified pool companies and establish a rapport with those companies.
You don't have to actually perform all the services that your business offers; you simply have to become versed in finding qualified individuals or companies to do the jobs. You will also want to ensure the outside contractors have the proper credentials required for their industry before establishing a formal working relationship with them.
Get It in Writing
Ensure you use properly worded, written agreements, whether or not you decide to subcontract or refer out jobs. The written agreements will protect you and your business from liability should something go wrong on a job.
Much success in establishing your foreclosure cleanup business as a one-stop shop for your customers.
HELPFUL TIP TO REMEMBER: Throughout the internet/web and in real estate industry literature, you may see the names mortgage field services, property preservation business, foreclosure cleanup, foreclosure cleaning, foreclosure clean-outs, foreclosure clean, clean foreclosures, cleaning foreclosures, REO trashout, REO trashouts, field asset services, property field services, field service, and field services used interchangeable. The main thing to remember is foreclosure cleaning and foreclosure cleanup generally refer to smaller entities; while property preservation generally refers to larger companies.