So do you want to start a foreclosure cleanup business? Perfect timing, because the market is open and the industry needs you. A recent report from RealtyTrac.com revealed that one in 171 American households received a foreclosure application during the second quarter of 2008. Additionally, the report indicated that 48 of the 50 states and 95 of the nation’s largest metropolitan areas experienced an increase in foreclosures. activity in early 2008.
How To Start A Foreclosure Cleaning Business – Equipment, Supplies & Vehicles: Find Out What To Buy In The Startup Phase Of Your Foreclosure Cleaning Business
Many people want to know what to buy first when starting their foreclosure cleanup business. The key is to buy a few necessities, but really, start with what you have.
You can start with a $30,000 truck, a moving van, and a fancy RV to haul all your gear in. You can buy a pressure washer for five thousand dollars and a ladder for four hundred dollars. You can even buy a 16K dumpster to dump all the debris in and not have to make all those trips to the dump.
Or, you can be sensible and start with a reliable van and rent other vehicles and equipment as jobs come up. Use your local landfill to dump debris. Rent roll containers as you need them for larger jobs.
You will need a vehicle to transport things (van). You need a trailer attachment so you can haul your lawn equipment (or sturdy ramps so you can get your equipment on and off your truck). You will need a moving truck from time to time (rent it!) to remove large items from houses (couches, dressers, refrigerators, etc.). And you will need a place to throw things. (Again, find your local dump and find out how much they charge per load to dump.)
Just remember not to overdo the vehicles and equipment. (Visit the Small Business Administration for detailed information on starting a business.) If the company isn’t paying for it, you can’t pay for it. Rent the necessary and more expensive equipment, or outsource the service, until your foreclosure cleanup business grows. And it will if you do it slowly, sensibly, and without going overboard.
