Equipment
You Need to Start a Foreclosure Cleanup Business
By Cassandra
Black
So, you want to start a foreclosure cleanup business? Perfect
timing, because the market is wide open and the industry needs you. A
recent RealtyTrac.com report revealed that one in every 171 U.S.
households received a foreclosure filing during the second quarter of
2008. Also, the report stated that 48 out of 50 states and 95 out of the
country's biggest metro areas experienced an increase in foreclosure
activity in early 2008.
How to Start a Foreclosure Cleanup Business - Equipment, Supplies and
Vehicles: Figuring Out What to Buy at the Startup Phase of Your
Foreclosure Cleanup Business
Many people want to know what to buy first when starting their business
cleaning foreclosures. The key is to buy a few necessities, but, really,
start with what you have.
You can start out with a thirty thousand dollar truck, a moving van,
and a fancy camper in which to haul all your equipment. You can buy a five
thousand dollar pressure washer and four hundred dollar ladder. You can
even purchase a 16K dumpster to toss all the debris in so you're not
making all those trips to the dump yard.
Or, you can be sensible and start out with a dependable pickup truck
and rent other vehicles and equipment as the jobs come in. Use your local
dump yard to dump debris. Rent roll-off containers as you need them for
larger jobs.
You will need a vehicle to haul stuff (pickup truck). You need a
trailer attachment so you can transport your lawn equipment (or sturdy
ramps so you can get the equipment on and off your pickup truck). You will
need a moving truck from time to time (rent it!) to remove big items from
homes (sofas, dressers, refrigerators, etc.). And you will need a place to
dump things. (Again, find your local dump yard and find out what they
charge per load to dump.)
Just remember not to get in over your head with vehicles and equipment.
(Visit the Small Business
Administration for detailed info on business startup.) If the business
is not paying for it, you can't afford it. Rent the needed, more expensive
equipment, or outsource the service, until your foreclosure cleanup
business grows. And it will if you do it slowly, sensibly, and don't get
in over your head.
Cassandra Black is the author of
How To
Start a Foreclosure Cleanup Business, and the Owner of
Foreclosure
Cleanup, LLC, Atlanta, GA
Article Source:
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