Starting your own foreclosure cleanup business requires minimal start up funds if you follow the guidelines and suggestions provided below. Right now is the perfect time to start this type of business with all the house foreclosures happening across the country. You’ll have a constant supply of houses to clean, and work will be plenty. In an economy like the one currently, you couldn’t ask for a better opportunity to present itself.
Below are just some of the ways that you can begin your own foreclosure cleaning business when you’re on a small budget. You are going to be required to spend some money, and somethings are a must to buy. Without them you won’t be able to successfully run your business properly. Head into this prospect with those thoughts in mind, and realize everything takes time and effort.
The Costs You Can’t Avoid
When starting your foreclosure clean up business, there are going to be costs you simply can’t avoid. The biggest one of these is having the proper vehicle. Hopefully you already have a vehicle capable of holding your cleaning supplies, tools, and anything you need to clear from a house. If not, you must purchase one. We suggest a used pick up truck, with the lowest amount of miles you can afford. Owning a truck will provide the room needed to haul anything you may need to remove from a house.
The other costs that can not be avoided are the business formation costs. You should consider forming some sort of legal entity such as an LLC. These can be acquired online through sites like Legalzoom.com for around $2-300 depending on state, and how you decide to form your business. You’re also going to need insurance of some kind, and a cell phone for people to reach you. After you have these mandatory tools, you’re well on your way.
Rent Until You Can Afford Otherwise
If you can’t afford your own equipment, there are many businesses that will rent whatever you need. You’re going to need to rent trailers and dumpsters for cleaning up houses that have large amounts of trash, and things that need to be hauled away. As you begin making more money, you should highly consider purchasing any items you consistently rent. It will save you money in the future, and add value to your cleaning company.
Before renting any supplies you should visit your local hardware store for pricing on all the equipment you’ll need. This way you can familiarize yourself with the exact prices, and have an idea on how much it may cost to rent them. You don’t want to be taken advantage of in this area, and should try to find the lowest rates available for rent.
Subcontract Work Out
For jobs that you can’t handle yourself, you should form relationships with other people who have knowledge in specific areas you may need help in. For example, plumbers and electric issues are good ideas to outsource. You don’t have to spend extra either, all you do is factor these costs into your overall estimate and charge accordingly.
While these tips are only a few of the many available to start a foreclosure cleaning business, you can find much more information across the Internet. Now is the perfect time to start your own cleaning business, and get into a booming industry that only appears to be growing well into the future. By using the suggestions above, you can start your own cleaning business for the lowest amount of money available to you right now.
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