How to Start a Foreclosure Cleaning Business “Cheap”

How to Start a Foreclosure Cleaning Business “Cheap”

There are certain costs involved in starting a foreclosure cleaning business. You can’t start with no money – and don’t believe anyone who tells you otherwise. But costs can be reduced. The following are some specific suggestions on how to start a foreclosure cleaning business “on the cheap.”

3 specific suggestions for low-cost business foreclosure cleaning

Equipment for rent: While it’s ideal to have your own equipment when you own a foreclosure cleaning business, you can rent almost anything you need until you can afford to buy it outright.

For example, a trailer and a garbage can. Most jobs will require this as you will need to clean and remove rubbish and debris from a property. But this equipment can be rented very reasonably.

Equipment tip: Know the costs before you start marketing

To start getting an idea of ​​the cost of things you’ll frequently rent (eg, ladders, lawn equipment (during warm seasons); tools, etc.), visit your local Home Depot or Lowe’s. Because these are built-in costs for your business, you need to have an idea of ​​how much it will cost to rent these things for your foreclosure cleaning business until you can afford to buy them.

Subcontractor: Another way to start an inexpensive foreclosure cleaning business is to subcontract as much as you can. Cleaning, you can do it yourself. But if there are tasks that you’re not equipped to handle because you either don’t know how or don’t have the right tools, outsource them — for example, painting, plumbing, electrical, window repair, etc.

Just factor the cost of hiring contractors into your estimate.

Market online: One of the biggest expenses most new businesses face is marketing. Fortunately, the foreclosure cleaning business is one where marketing can be done on the cheap. Why? Because your main customer base (eg brokers, bankers and investors) is online.

And they’re easy to find. So use email marketing. It’s free. Add some vehicle signs to that (every foreclosure cleaning business should have vehicle signs) and that’s all the marketing you need to do to get the business off the ground initially.

While there are legitimate start-up costs you can’t get around when starting a foreclosure cleaning business (eg insurance, vehicle, phone), everything else can be done “on the cheap” until you get the business up and running.

Learn more about what you need to know to get started successfully foreclosure cleaning business.

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