Are you launching a cleaning company specializing in providing foreclosure cleaning services? In this article, we discuss banks looking for foreclosure cleaners.
Banks should be your primary clients as they deal with mortgage agreements. As homes or properties foreclose, they must be tidied or prepared for further improvements.
Banks Looking For Foreclosure Cleaners
Every bank that offers mortgage lending to clients will need this type of service as some lenders may default on their mortgage, thus resulting in a takeover.
This is where you come in as a commercial or residential cleaning service.
Securing Cleaning Contracts
One thing you need to understand before looking out for new clients is that this is a competitive industry.
In other words, many foreclosure cleaning companies like yours are also looking for patronage. You’ll have to develop innovative ways to showcase your business and attract clients.
In other words, you’ll have to contact these banks and advertise your business. Before that, your business must be well structured to meet client needs.
Having done that, the next task involves finding clients and selling them your business idea.
Foreclosed Home Clean Out: Properties in Bad Condition
One of the things you need to understand before proceeding with your business idea is that properties are usually in bad shape. The goal is to make these properties sellable to property developers.
More often than not, previous occupants of a foreclosed property live in painful circumstances.
This sometimes leads to deliberate damage to the property.
Also, vandals are likely to trespass by getting hauling off valuables. Based on this reality, your type of cleanup wouldn’t be as detailed as a regular cleanup service.
Nevertheless, much preparation is needed to set up a thriving business operation.
Finding Banks That Need Foreclosure Cleaning
Most foreclosure cleaning services will need banks or other mortgage lending institutions to do business with.
While some of the procedures for finding clients include phoning your local banks, you can also attend foreclosure auctions, contact the seller, and partner with real estate agents to attract patronage.
Phoning your Local Banks
One of the primary ways to find clients (banks) needing foreclosure cleaning is by phoning these banks.
These financial institutions have departments specialized in specific areas, including foreclosure-related matters. You’ll have to call and ask to be connected with the department or officer.
At this point, you’ll have to sell your foreclosure cleaning services, with the focus being on the benefits they stand to gain. Remember, many other foreclosure cleaning companies are also seeking clients.
So, it would help if you distinguish your business by stating its unique selling point, among others.
Attending Foreclosure Auctions
A foreclosure cleaning service is an industry player and should be involved in industry activities, including attending auctions.
These events provide a unique opportunity to meet with potential clients. Every winning bidder is a potential client you must sell your business to.
Attending these events exposes you to many winning bidders who will need effective cleaning of these properties in readiness for further development.
Of course, a concise introduction to the business will need to be made, including the cleaning services provided.
Having business cards and carefully written hand fliers about services provided and recommendations from previous clients will stand you out from the competition.
You might also want to find creative ways to leverage foreclosure auction events to attract more sales.
Contacting the Seller
Foreclosure cleaning business opportunities aren’t only tied to banks. You can go around your city in search of foreclosed properties. Foreclosure signs usually identify these.
Here, you’ll likely find the contact of the seller. This is when you’ll have to call such a seller to sell your business.
Partner with Real Estate Agents
Banks partner with real estate agents when handling foreclosed properties.
Such real estate agents are primarily specialized in foreclosures. With this understanding, one of the steps you’ll have to take to sell your business is to find these real estate agents to showcase your business.
There are several ways to contact these agents. One of the easiest involves searching online for recent foreclosures in your city or area.
A diligent search will bring up a lot of contact details for these real estate agents. Now, you can contact them directly and present your business and the benefits they stand to gain.
Skills Crucial to Your Success
As a foreclosure cleaner seeking banks to work with, you need skills to sell your business better and get along with clients. These include negotiation skills, concentration, and collaboration skills.
Others include leadership, attention to detail, time management, communication, and problem-solving skills.
Stamina and physical strength are other attributes you must have, as foreclosure cleaning jobs can be pretty demanding.
Banks will be Interested in the Types of Cleaning Services you Provide
When applying for a foreclosure cleaning job, you’ll need to show your level of preparation by clearly identifying your areas of specialization.
The typical areas you might want to include are lock changing, yard cleanup, biological hazard cleanup, trash or garbage removal, and appliance removal.
Other areas include electronic disposal, minor carpentry work, furniture removal, mattress removal, vacuuming services, trim painting, water damage repair, drywall replacement, and carpet or floor replacement.
These are among the common fixes offered by foreclosure cleaners.
Having a Support Team can Make your Business more Visible
Not every foreclosure cleaning service has a support team on standby.
Banks tend to be more interested in cleaning services that can help with lock replacement, waste removal, and other foreclosure cleanup-related tasks.
Whatever cleaning-related skills you need to be added to your resume to make it more compelling.
As a newbie, consider working with or consulting pros to find out what needs to be put in place to successfully attract and win foreclosure cleaning contracts.
Many banks seek competent service providers to handle their foreclosure cleaning needs. So far, we’ve discussed how you can take advantage of such opportunities.