Foreclosed home maintenance business plan

The property owner must designate a Responsible Local Agent who resides within 75 miles of Jackson County. If the Responsible Local Agent is a corporation, limited liability company, partnership, or other for-profit or non-profit entity, the address of the registered office of the entity must be within 75 miles of Jackson County. Property Registration A property registration, which will remain valid for 2 years, will be issued if the applicant meets all the following requirements:

Foreclosed home maintenance business plan

Foreclosed home are usually sold in an "as-is" state, meaning the foreclosing institution won't make major repairs. What they will do is hire a contractor to clean the house and make it presentable, and that presents a low cost, high margin business opportunity for entrepreneurs.

Ask the community

Your customers will be the rights holders to the foreclosed properties, either the U. Department of Housing of Urban Development or the banks that hold the mortgages on the houses.

Contact your local HUD office or the real estate agents in your area that specialize in HUD foreclosures to find out how to get a contract as a cleaning service. Also contact banks that provide mortgage loans, which may be easier to work with than the government-run HUD. This step will let you know not only what you need to do to earn a contract, but whether your services are needed.

Before starting any business it's important to make sure you have a market. Establish your cleaning business. Set up your business structure. HUD and banks will likely prefer to work with a business entity such as limited liability company over a sole proprietorship.

foreclosed home maintenance business plan

Obtain a business license per the requirements of your city or county. Apply to get bonded, which will give your clients assurance that you'll complete the contracted work.

Get insurance to protect you and your staff. Some of these homes will be in a state of disrepair and potentially unsafe.

Create your service and price list, and your contracts and forms. Make an appointment to present your business to local HUD representatives and real estate agents, and bank managers in charge of foreclosed homes.

Search for answers

HUD has a website that lists their representatives in each area. Create a presentation that outlines your services and how you can help increase the value and speed up the sale of a foreclosed home.

Consider touring the homes before your presentation so you can give specific examples. Back up your presentation with a thorough knowledge of the foreclosure process.

Comply with all requirements. Governments and banks have policies and guidelines that their contractors need to work within. Be sure you understand them and work within the limits. Tip Expand your business by contacting real estate agents to provide cleaning services to their clients to help the home sell or when a buyer is moving into a new home.

Contact apartment or home leasing management companies to offer cleaning services to their rental units after a tenant has moved out.In the United States, a homeowner association (or homeowners’ association, abbreviated HOA, sometimes referred to as a property owners’ association or POA) is a private association often formed by a real estate developer for the purpose of marketing, managing, and selling homes and lots in a residential subdivision.

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If you missed out on the Master Plan Town Hall Meetings, you can still give your input on Warren's future by taking an online survey. The online survey is available at Jul 19,  · Foreclosed home are usually sold in an "as-is" state, meaning the foreclosing institution won't make major repairs.

What they will do is hire a contractor to clean the house and make it. Schiager's Lawn Service takes care of Foreclosed homes also These are pictures of bank owned homes that we cut the grass for them. Schiager's Lawn Service is .

Chapter 14 of the Code of Ordinances establishes a Foreclosed, Vacant, and Abandoned Residential Property Registry (PDF), requiring an owner of a foreclosed, vacant, or abandoned residential property to register the structure with the Department of Neighborhood and Economic Operations within 15 days of the earlier of.

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