How To Answer The Experience Question On A Foreclosure Cleanup Application
Many smaller foreclosure cleanup companies seek to work in a subcontracting capacity with the larger preservation companies
. Once new companies are registered with these larger enterprises, who often get bulk work directly from HUD and its M&M Contractors (Management and Marketing Contractors), their businesses can grow very quickly.
Larger companies often send out work orders for several properties at one time if a subcontractor has been approved as a vendor for their company. As this lucrative cleaning and trashout industry increasingly becomes more competitive, property preservation companies are choosing to weed out vendors vying for subcontracts by using more detailed applications; and, in many cases, industry quizzes.
At minimum, a property preservation application will ask for basic information, such as a foreclosure cleaning company's location, contact information, areas of specialty, zip codes serviced, insurance maintained, licensing information, tax ID number, experience and references.
The area of the application that keeps many start-ups from applying for necessary subcontracting work is "Experience." Many new companies don't feel they have any relevant experience at all to list. But a little creative thinking will show them otherwise.
A new company may not have any pointed cleanup experience, but they should opt to list something, rather than leaving the experience area on the application blank. For example, they can think about their personal experience as it relates to real estate, i.e., their own homes and personal moves over the years. These personal real estate experiences often have included removing debris; cleaning a property after a move out; handling yard work, including mowing, hedge and tree trimming; performing interior inspections before a move-in; completing apartment move-in inspection forms; etc.
If a foreclosure cleanup business owner has this personal experience as the only option to list on property preservation vendor applications, they should simply label it as "personal real estate experience." Listing anything is much better than leaving an area blank; and, it is valid experience. Not ideal, comparatively, perhaps, but it is valid real estate experience. And, most importantly, it's being honest. (Never lie about your experience.)
Remember, as a new company, vying for subcontracting work from larger property preservation companies is a necessary, fundamental step in growing your business. Don't let the Experience question keep you from applying for subcontracts; simply dawn your creative thinking cap. Remember, everyone has some kind of real estate experience that can keep them out of the slush pile.
Many wishes of success with your foreclosure cleaning business!
by: Cassandra Black
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How To Answer The Experience Question On A Foreclosure Cleanup Application Anaheim