THE PROPERTY PRESERVATION BUSINESS OPPORTUNITY

By Frank Patrick

When my brother Scott and I officially launched REO RESQ™, we obviously knew this was the right time to start a nationwide foreclosure home trash-out franchise. With foreclosures expected to continue on the rise for the next two years, REO Sellers and Master Contractors have more homes that need field services than ever before.

But, frankly, even we were shocked at the success of the Singletons, a couple we trained in property preservation in mid-2008. You can read their story in more detail in my article, “Starting a Profitable Property Preservation Company” – and hear an extended interview with them at http://instantTeleseminar.com/?eventid=7824126.

What’s remarkable about the Singletons is that they had absolutely no experience in this field. We trained them, they decided on impulse to bet on Las Vegas, moved there in their trailer in August of last year, and immediately began picking up work – despite knowing no one in the city (or even the state!). And they’ve already grown to the point where, last month, they grossed $89,000 – and that was after their referral fees were paid to the Master Contractors that hire them.

The Singletons were a married couple whose business crashed and burned with the stock market – a not unusual story lately. What was great about them, though, was they recognized the opportunity property preservation experts and foreclosure contractors have at the moment – and weren’t afraid to jump at it.

What’s rewarding for Scott and me is to see how we can help two great people turn things around so fast for themselves. It’s clear the property preservation business is a self-starter, if you have the proper training. And the Singletons realize they’re on the front end of a boom – they know of one particular subdivision in Las Vegas that contains 100 homes. Of those 100 homes, only 2 have owners – and the other 98 have yet to revert back to the bank or lender that backed that development.

We’re extremely lucky that we already had years of experience in servicing foreclosure homes before the housing crash happened. We know the ins and outs of the business like few others. And we’re very happy to be able to share that expertise both with potential franchisees and the companies that hire our highly-skilled people.

Please feel free to visit us at www.REORESQ.com for more about our franchise and the property preservation business.

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