How Much You Can Earn Cleaning Foreclosures(Read Part One in this series.)
“The average foreclosure house cleaning business vendor cleans 8-25 homes per week and the pay on average is from $500 to upwards of $2500 per property, some properties even exceed $10,000 on very large jobs. ” PR Log
I wouldn’t count on 8-25 homes per week right away. But, I would say it’s reasonable to hope for several a month when you’re starting out. Of course this depends on how well you network and advertise your business, the quality of your work, and how easy Lenders and Realtors find you to work with.
Potential Bonus in a Foreclosure Cleaning Business
Often homeowners leave behind things they couldn’t or didn’t want to take with them. You may find some of those things have value (like furniture or appliances.) It’s almost always the case that the company who hires you doesn’t want any of it, and you are free to keep it for yourself if you like.
Some cleaning foreclosure businesses sell those items so that they are earning even more money.
What You Need to Start a Foreclosure Cleaning Business
- Register your business at the State and Federal level
- Insurance (not all companies require this step to work with them, but most do.) This may include: Auto insurance, General Liability insurance policy with $1,000,000 coverage limit and Errors & Omissions insurance policy with $1,000,000 coverage.
- Access to a truck, although you could actually start this business without one if you needed to.
- Supply of face masks
- Large supply of industrial trash bags
- Large supply of heavy duty gloves
- Cleaning products
- Business cards
- Phone & email
- Contact information for dumps and landfills and businesses who will deliver trash dumpsters to the location