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Hello everyone. I have a cleaning business in Las Vegas. I am licensed and insured for 7 years now. I want to get into being a vendor for the banks. I have had no problem with getting contact and filling out vendor packs. Some are looking for you to have e & o insurance also... So my question is there money to be made doing this work?? I have a bank that I just signed with today. Their price for reo intial secure (debris, cleaning,grass and any lock work) is $325.00 and that would be on a house 2000 sq ft and under less than 6 lock changes. I am just wondering because isnt it a lot just to pay to do the dump? Any information would be greatly appreciated. I just dont want to get the extra added insurance of e/o and buy locks, have to pay people, and do the extra work of all those wonderful pictures and then relize "am I even making money"
You will want to get a copy of the Hud guidelines, majority of the banks use them for setting their pricing standards, they are very detailed on how much is allowable for the different services and areas, also-these are just a guideline, majority of the time if you have sufficient pictures to show the work needed you can charge more.
One of our affiliate companies provides them and a guide on how to price your foreclosure cleaning bids, here is the website:
Wow! Your fee sounds more like it... What state are you in? What companies do you do work for? Are they nationwide? Thank you for all the info.