How to Start a Property Preservation Business

How to Start a Property Preservation Business

Buying, selling, or maintaining a property has never been an easy task. Yet, if done efficiently, this work can turn out to be rewarding. Property preservation involves safeguarding and protecting the properties that are owned by the bank, or those that have been foreclosed or defaulted. Apart from securing, the work also involves preparing the properties for sale. This business is one of the fastest-growing ones since 2010 and is expected to go much more further. The paragraphs below will give you some tips on how to start a property preservation business.


People buy a house, a bungalow, etc., by taking a loan from a bank or any financial institution. Sometimes, unfortunate situations crop up, and people are unable to either repay the loan or fulfill the contract requirements on time. This causes the property to revert to the bank. Many a time, the homes are left in an unmarketable condition. Here is where the concept of property preservation comes up. These companies/services handle the foreclosing formalities and prepare the home for resale. Such properties are called 'real estate owned' (REO) properties. As more and more such abandoned/vacant homes come up, this business keeps expanding, as people are needed to secure and prepare the homes again for future sale.

Your Services Include

It is important that you know what services you will need to provide when you start this business. A brief on the same is given below.

Removal of Debris

All the debris must be cleared off, especially if the house has been in the same condition since a long time.
The car should be removed and taken care of.
Any kind of dangerous material should be very carefully dumped. Please remember to follow appropriate country codes and laws while dumping hazardous material; not doing so may be considered a crime.
Dispose off all the personal property, like television, stereo, microwave, etc., in storage boxes for a stipulated period. After that, if the items are not claimed, they can be auctioned or dispensed.
Remember that all the above activities must be done on the instructions of the lender/client.

Removal of Snow

This is based on the requirements of the lender, mostly. If the surroundings are covered with snow and this is causing a major problem, your job would be to shovel off the snow and make the place fit and fine.

Securing the Property

This is a very important step. The entire place must be carefully checked. Look out for these things:

All the locks and bolts must be changed according to the regulations. This includes deadbolts, slide bolts, padlocks, etc. If necessary, take permission from the lender and have him accompany you for a change of lock, if need be.
It would be better if you have lock boxes with an assigned code. This would firmly prevent third-party access.
Any kind of entryway that allows easy access into the house must be sealed off. This can be done with the help of board-ups to secure windows, doors, and ventilators.
The terrace and balcony areas must be boarded with extreme caution, for this is an easily accessible, vulnerable entryway. Double-check the locks and see if any extra protection, like grills, can be temporarily installed.
If a fence surrounds the house, see if it can be boarded up with glass spikes.

Maintaining the Lawn

Contact the lawn maintenance services and have them mow and clean the lawn about 2-3 times a month. This again, requires to be done only on the instructions of the client.

Maintaining the Pool

Not maintaining the pool can cause major problems, like spread of certain diseases.
The pool must be drained, cleaned, and refilled with water periodically.
Chlorine or any other necessary chemical must also be added regularly.

General Cleaning Services

This involves the entire cleaning process to be done, including sweeping, dusting, vacuuming, scrubbing, and mopping. Call on some good janitorial services to get all this done.
Clean out all the bedrooms, bathrooms, hall, dining area, kitchen, the study, the library, and even the garage. The house must not look jaded and old.

Plumbing, Draining, and Sealing

This job has to be carefully done. One of the main and vital duties here is to drain and seal the pipes so that they do not freeze and burst during winter.
Drain the plumbing and heating systems.
Shut off the main water supply, disconnect the water meter, and place it in the corner of the garden.
Also, disconnect the feed pipe leading to the main valve.
Use air pressure to clear the water system, and use an antifreeze mechanism to protect the system.
Turn off the gas and electricity.

After all these jobs are done, label them accordingly with the date so that they can be done again on an appropriate date the next time.
Keep Evidence

Whatever services have been provided, detailed photographs of the same should be duly sent to the lender/client. The photos will indicate how regularly and efficiently the services are being done.

Steps to Start the Business

Choose a Name

Establish your company first. Choose a good corporate name; something that will attract clients.

Apply for a License

Here is a very important step. You need to be legally registered to start any business. So, get to your local office and apply for a business license. Submit all the required documents.

Complete Formalities

This is a huge step. You need to complete a lot of banking formalities before actually getting down to work.
You will be working with banks and lending institutions, and they will require you to have the essential documents. An important one among them is the general liability insurance policy. This is a must-have when you start this company.
Next, apply to the REO department of important banks. If you want them to sit up and take notice of you as an independent service provider, you need to establish ties with them.
A summary needs to be submitted to the REO department to get requests for a proposal (RFPs). The banks can procure this from different sources, but you must first get noticed in order to receive contracts.

Get Acquainted with the Basics

Start learning the tricks of the trade. Ideally, if you are up for starting this company, it indicates that you are already aware of what services are expected of you. However, you need to know this in minute detail.
Download a training start-up guide, and here, you will be explained every little detail.
You will come to know about different banks, lending institutions, REO asset management companies, realtors, investors, insurers, the various cleaning services that you will be needing in the course of your work, etc.
You will learn how to contact the right people, price your service properly, and establish your business effectively.

Contact Companies

Once your self-training period is over (don't take too long!), you can start contacting the companies immediately. Again, these include the major banks, mortgage lenders, realtors, and REO asset management companies.
Ideally, the banks which you have applied to, might contact you if they come across a proposal. Act on this contract immediately, for this is an ideal opportunity.
For this, you need to be well prepared with all your services in place, but do not let go of the offer to showcase your business acumen and skills, as there is intense competition in the market, and you may not get a second chance. This is how you will build contacts, and over time, accumulate goodwill and reputation.

Market and Expand

This is the most important step. You need to know how to sell yourself (not literally), I mean, market yourself.
To start at grassroots level, establish a professional presence on the web. Create a website for your company.
As the business expands, you can create a personal blog too, through which you can market your company further.
Join online financial networks and directories, and advertise your business.
Use social networking and digital media platforms to let people know about your services.
There are many online forums and sites through which you can communicate to companies and generate contacts, prominent among them being the property preservation directory and the foreclosure cleanup network.
Through the Internet, you will also understand how much competition you are facing in this business.
Market yourself beautifully, mention your professional qualifications, depth of knowledge, etc. All this must be worded efficiently enough to attract clients.

Starting a property preservation business is neither an easy nor a difficult task. It all depends on your skills and abilities. Do not expect profits and contracts to pour in immediately, every business takes time to catch up, and you will indeed face some hurdles in the beginning. But, make it a point to learn from every instance, and better your services

Success in online business or MLM (Multi Level Marketing)

Success in online business or MLM (Multi Level Marketing)

Online business or internet business that is Referred to is a business Whose activities are making an effort through the internet by using the blog as a medium to promote it. In the online business work from home there is a term meaning the user can work at home and make money with an uncertain time.
However, not all online businesses on the internet is good, there are some businesses that are investing money leads to fraud. This case, the user must learn before doing so to avoid unwanted scams. Online business can be selling clothes, watches, drugs, and other electronic and there is also a form of investment money.
1 WHO We as people run businesses do not despair, still determined to get the results we want. For example, we invested money with programs or follow us into the world of online business that is definitely in a profit sharing every month without doing any activity.


MLM (Multi Level Marketing)
MLM is a business activity or marketing of a product that is made ​​through many tiers or levels, the the which is Often Referred to as up-line (the top level) and down-line (lower level). This business systems using a network or networking. Up Where the line should be looking down the line as much as possible in order to get the double bonus of course.
There are some specific tips in choosing a good MLM business, Including:
1 MLM company we choose should that have been incorporated in the DSA (Direct Selling Association of Indonesia), the the which is an association that embodies various MLM companies in Indonesia.
2 If you want to Become a regular customer, choose a company that not only offers the same goods and services, but choose one that has a variety of goods and services offered.
3 Choose the company that its distributors have success system to be successful, in the the which the system should have been tested and proven to be Able to print a lot of people Become successful.
4 To demonstrate an MLM company was bona fide or not at least we could see it from the company that has been accepted in a rational system of business what not.


Business Offline
Offline business is a small business Whose activities are selling goods or services to customers by way of home selling home (sales), in one way or stores to sell wholesale, example: selling clothes, open food stalls, craft business. However, offline business is more Difficult to penetrate the international market Because this business is not using the Internet (Online).
Sometimes the way people prefer to shop online than offline, Because if we could buy offline by naked eye or physical, for example: we want to buy a shirt in the market we can hold the item and feel of the material and the method of payment (transaction) is Easier Because It meets directly with the seller. Well, if online shopping is more complicated in ordering goods and also the method of payment, for example: we want to buy a watch online, but there is a saying CAREFULLY BEFORE BUYING means when we buy watches should first be Examined Whether the goods are defective or in good condition, well this is one of the weaknesses of online business we can not know what it's like when the goods are sent, it is not all online business services such as this, there is a very good service there is also a disappointing dam ministry. For example: perhaps from the seller that the goods are still in good condition, while shipments to the destination we do not know, he wrote could have an accident or other incident. Then, more complicated ways of online payment for using an atm where we have new in transferring some money to send the goods, it also spurred the emergence of an increasingly rampant fraud in our country.
As an example of an offline business items items, namely: Wholesale Center Tanah Abang Block A, here are many sellers try to wholesale WHO world to start a business, if the market conditions in good condition, then the turnover is very promising that in can also Among the Hundreds of millions of dollars to billions of dollars. Thus Spake, offline and online business is not much to differentiate in terms of profit, Depending on the businessman was in business is like, the most important business for beginners fast do not despair, Because ANY FAILURE IS KEY TO OUR SUCCESS later.