There are some definite costs to starting a foreclosure cleanup business. It's not one you can start with no money - and don't believe anyone who tells you otherwise. But, costs can be mitigated. Following are some concrete suggestions on how to start a foreclosure cleanup business "on the cheap."
3 Concrete Suggestions for How to Business Cleaning Foreclosures Cheaply
Rent Equipment: While it's ideal to have your own equipment when you own a foreclosure cleanup business, you can rent well-nig everything you need until you can afford to outright purchase it.
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For example, a trailer and a dumpster. Most jobs will require these, as you will have to clean and remove trash and detritus from a property. But this equipment can be rented very reasonably.
Equipment Tip: Familiarize Yourself with Costs before You Start Marketing
To start to get an idea of the costs of things you will be rental often (eg, ladders, lawn equipment (in warm seasons); tools, etc., visit your local Home Depot or Lowe's. As these are built-in costs for your business, you should have an idea of how much it will cost to rent these things for your foreclosure clean out business until you can afford to buy them.
Subcontract: Another way to start a foreclosure cleanup business on the cheap is to farm out out as a whole sle like you can. Cleaning, you can handle yourself. But, if there are jobs that you're not equipped to handle because you either don't know how, or don't have the proper tools, outsource - eg, painting, plumbing, electric, windowpane repairs, etc.
Just build the cost of hiring contractors into your estimate.
Market Online: One of the biggest costs most new businesses face is merchandising. Luckily, a foreclosure cleanup business is one where merchandising can be done on the cheap. Why? Because your primary client base (eg, realtors, bankers and investors) are all online.
And, they are easy to find. So use email merchandising. It's free. Add few fomite signs to this (every foreclosure cleanup business should have fomite signs) and this is all the merchandising you'll need to do to get business flowing in initially.
While there are legitimate inauguration costs you can't get around when you start a foreclosure cleanup business (eg, insurance, fomite, phone), everything else can be done "on the cheap" until you start delivery in business.
Learn more of what you need to know to start a productive foreclosure cleanup business.
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