My name is Todd Chesebro and I'm starting my own business as a foreclosure / reo cleanup service in the Bay Area. Im a 1995 graduate from Arizona State University and for the past 13 years have worked for Shaw Industries and Mohawk Industries both residential and commercial carpet and hard surface flooring products as a Territory Sales Manager. Recently laid off , I have been searching for something new and decided on this product and service. With the last 3 years of sub prime loans affecting the maket , we have at least another 3 years more of the foreclosure boom. The ajustable arms are the next segment in the mortgage industry that will take a major hit in my opinion. I have yet to do a job and just now starting out and networking with people like you, looking for advice , comments and suggestions on how to market to your industry. Any advice would be much appriciated, good or bad. I've been out of work for a while and im aggressive and hungry for success, from my research there seems to be plenty of these company's out there but not many good one's?Todd Chesebro
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I am an agent, but my wife has been doing this for almost 3 years. 3 very imporntant things:
Depending on how busy you are, you should start with as much money as you hope to earn in 2 months. Sometimes you wait a long time to get paid.
Plan on working everyday. If someone needs a lock change or cash for keys, be available.
Don't ever be late w/ an assignment or bid submittal. Period.
The work can pay well, but it is very demanding. Make appointments with all the agents in your area and sign up on all the sites. Don't go crazy on the zip codes. A fifty dollar lock change on Sunday 40 miles away aint worth it. Start slow, contractors are always coming and going.
Hi Todd, You may want to start by applying to all the asset management companies online. Find the active REO brokers in your area and send them an email or note and let them know you're in the business and ready to give free estimates for work. You will need sufficient insurance, and proper licensing for your state.You will have to do alot of estimates before you actually get any work because you'll be the "new vendor". Stick with it, I wish you success.
John J. Keitzer > Billie DalessioSeptember 14, 2009 at 6:02am
Great advice Billie. Proper licensing and insurance, especially at this point, are critical...
Todd, my company has been doing this for over 15 years in Florida. Feel free to send me a message. I would be more than willing to answer any questions you may have and offer some insight. Either way, best of luck!
Replies
Depending on how busy you are, you should start with as much money as you hope to earn in 2 months. Sometimes you wait a long time to get paid.
Plan on working everyday. If someone needs a lock change or cash for keys, be available.
Don't ever be late w/ an assignment or bid submittal. Period.
The work can pay well, but it is very demanding. Make appointments with all the agents in your area and sign up on all the sites. Don't go crazy on the zip codes. A fifty dollar lock change on Sunday 40 miles away aint worth it. Start slow, contractors are always coming and going.
Todd, my company has been doing this for over 15 years in Florida. Feel free to send me a message. I would be more than willing to answer any questions you may have and offer some insight. Either way, best of luck!