Many contractors around the nation are scratching their heads as to how to get more business given the economy. For contractors looking for work a great solution can be working for Foreclosure Property Preservation companies, asset managers for foreclosed properties, and REO property managers.
With the massive influx of bank owned properties, REO’s and foreclosures there is tremendous opportunity for contractors who are organized, patient and willing to do some legwork.
That said there are two routes to obtaining this type of business.
First route is to go it alone, and this can be hard. What one would do is search out various banks, REO asset managers and REO agents and solicit them directly. This can be a Tough sell and you have to be very persistent and probably spend more time behind a computer than you would like.
Route two is go to as many REO property preservation companies as possible. These are companies that take care of large volumes of foreclosed homes and REO Agent properties for the REO asset managers. This may be your best bet. They are always looking for reliable talented and professional vendors and contractors.
How you might obtain information on these services is Google REO property preservation or REO maintenance services or anything that you can think of along these lines. There are some large companies that do A LOT of this type of business they should be easy to find. There are places that sell lists of these companies as they are very hard to find in bulk as they tend to be cryptically named large buracracies.
If you live and work in an area with a lot of this type of activity you could have a lot of business in short order.
One source that I have found that has a vendor sign up and appears to be doing volume is http://REOcontractorSource.com
M Steele is an REO Agent specializing in Foreclosed REO properties with 18 years experience.
For more information on REO asset managers and getting REO listings go to
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Many contractors around the nation are scratching their
heads as to how to get more business given the economy. For
contractors looking for work a great solution can be working
for Field service aggregators or asset managers for
foreclosed properties. With the massive influx of bank
owned properties, REO’s and foreclosures there is tremendous
opportunity.
