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KWLawn
06-02-2009, 12:00 PM
Please help I am trying to find out how to get foreclosed holmes for mowing but im running into a dead end.whats the best way to do this thanks.

picframer
06-03-2009, 04:56 AM
Please help I am trying to find out how to get foreclosed holmes for mowing but im running into a dead end.whats the best way to do this thanks.

Local newspaper as the mortgage company has to serve public notice, from there contact the lender, bank, mortgage company.

Or simply call your local banks and introduce your service, I suggest ask for the name of the mortgage manager, then send a personal letter rather than talk on the phone which would probably turn them off, being a former banker one thing I did not answer was sales calls, in writing yes.

Steve W
06-03-2009, 05:59 AM
Hey, I like the new feture added to our forum. Up in the right hand side of a post. I think this might help us keep it clean.
Thanks Steve!

Steve W

Steve
06-03-2009, 10:25 AM
Please help I am trying to find out how to get foreclosed holmes for mowing but im running into a dead end.

It seems when we talked about this last. One of the forum members was driving around town writing down number of realtors and called them about this. Others lawn care business owners were contacted about this through their craigslist ad.

Maybe try both?


Hey, I like the new feture added to our forum. Up in the right hand side of a post.
Which? I didn't add anything new recently. At least I don't think I did.

Steve W
06-03-2009, 10:59 AM
Which? I didn't add anything new recently. At least I don't think I did


in the right side orange and yellow tap. You can add a fration to somebody if the get out of line. I guess if you get so many marks, you will get the boot?
I have never seen it before.

Steve
06-03-2009, 11:26 AM
Oh. I am still not sure on how all that works. I think you are right though. After a certain amount of infractions you get your account suspended.

andyjoneslawncare
06-03-2009, 11:44 AM
I'll consider myself put on notice! Back to the topic though, these foreclosures have got to be a gold mine if you can get in. Are the realtors responsible for the care or the banks? Here in FL there are floreclosures on every block, I'm just trying to figure out my "in". I'm talking to a RE broker tomorrow to try to get some info. I'll let you know what she says. I know some of you do these. How did you get the accounts? Do you just get calls with an address to mow? I know they're not really long term accounts but there are so many here that if I could get on that list of people to call, it would keep me real busy.

swstout
06-03-2009, 12:25 PM
I'll consider myself put on notice! Back to the topic though, these foreclosures have got to be a gold mine if you can get in. Are the realtors responsible for the care or the banks? Here in FL there are floreclosures on every block, I'm just trying to figure out my "in". I'm talking to a RE broker tomorrow to try to get some info. I'll let you know what she says. I know some of you do these. How did you get the accounts? Do you just get calls with an address to mow? I know they're not really long term accounts but there are so many here that if I could get on that list of people to call, it would keep me real busy.

I do the lawns for 4 RE and 1 bank. First, they will not even talk to you if you don't have liability insurance. 2nd, they are looking for more than lawn service. Many of the foreclosed properties have been left in shambles. I steamclean carpets, paint and generally clean them. It's good work for rain days. Also, here is South Carolina they pay well for winterizing. I get $50 per dwelling to keep the pipes, hot water heaters and toilets from freezing. Easy work. Sprinkler systems need winterizing also; a little more involved but profitable. I get $75-$100 for that.

I wouldn't be here now on the computer, but I have a UPS delivery comming sometime between 1 and 3 and I need the supplies. If I miss them, I have to drive about 40 miles to get them at the UPS warehouse.

Good luck,

Steve

LGann
09-23-2011, 07:52 AM
I have found three companies that do reo's. They get the housed for the lenders/banks and then they have a list that you are put on and when they get housed in your area they will start calling. You have to have at least 1 mil in liability ins. to be excepted. The website is cyprexx.com there are others too but cannot think of the names of them right now. The company that is helping me get started works with this company and they make decent money with them around 25k - 30k a month just on reo's they pay once a month. swstout is correct they want companies that offer more than just lawn care. They can be a pain in the butt. You have to take pics of the house before you mow, pictures of your crew mowing, weed eating and edging then you have to take another set of pictures after you are done.

Ryan's Lawn Care
09-23-2011, 08:17 AM
I have found three companies that do reo's. They get the housed for the lenders/banks and then they have a list that you are put on and when they get housed in your area they will start calling. You have to have at least 1 mil in liability ins. to be excepted. The website is cyprexx.com there are others too but cannot think of the names of them right now. The company that is helping me get started works with this company and they make decent money with them around 25k - 30k a month just on reo's they pay once a month. swstout is correct they want companies that offer more than just lawn care. They can be a pain in the butt. You have to take pics of the house before you mow, pictures of your crew mowing, weed eating and edging then you have to take another set of pictures after you are done.


almost sounds like it is more trouble than what it's worth. Do they still expect you to do all the mowing for the same rate when you have to send them pictures of your guys working??

LGann
09-23-2011, 08:25 AM
It can be a pain in the butt. I think they average about 45 dol a lawn. It does not really take much longer to take the pictures. if you have a 2 man crew one person starts taking the pictures while the other gets going on the lawn. The pictures are how you get paid by cyprexx. you post the pictures on their website and then they pay you once a month for the work you have done. They have a 3 strikes your out deal as well. If they find you didnt do something they wanted you to do then that is one strike after 3 they drop you for a yr then yo have a chance to work for them again. The company that is helping me out is 4 yrs old and has 200+ yards a month that they mow.

LGann
09-23-2011, 09:52 AM
They average about 45 dol per yard. That is how they pay you by pictures u post them on their website and at the end of each month they send you a check .

SECTLANDSCAPING
09-23-2011, 12:40 PM
I havent had to much luck with them. They seem to be the cheapest of the cheap. I had a few calls right before a open house but other then that they werent to interested in keeping them maintained.

One of the realtors I do 6 rental properties for will call to do one of the houses for sale because someone is going to look at it. To me thats the wrong way to take care of a property.

LGann
09-23-2011, 01:13 PM
Ckout cyprexx.com they are pretty good about keeping their propeties maintained. Most of them want it done every week until the house sales

nickeckes
09-24-2011, 02:18 AM
Foreclosed houses are not worth your time. . . they dont pay weekly, they pay monthly. . and you have to take pictures up the AZZ .. NO PICTURES, then you dont get paid. . and there so picky on the lawn. . Stay clear. . . Most foreclosed houses a "property service company" will do. .because the banks have "MANY" houses and they usully want them all done by the same company in the area.. . so there only paying one company to do the work and not 15 dif. people. . just my 2 sence. .

stevef1201
09-24-2011, 06:55 PM
I do lawns for a local property managment company that only handles forclosed homes, trying to resell them, I cut every other week, charge 1.5 times a weekly cut and make about 1K per month. The thing that s-cks is I will pick up one to five one week, and loose one or two in a few weeks. So the money is not always the same.. I only cut, and trim, do not do hedges, trees, clean inside the house etc. I will put all the trash in one place and he has his crew pick it up once in a while. Good money Not too much work Except the one I had this week, hasnt been mowed in a year, the cuttings piled up rather high.

kalawn
09-28-2011, 11:29 PM
I have been doing preservation work for a few years now and imo its a pretty good thing. I have found realtors are not the way to get these properties. Either go directly to the bank or find a company and subcontract for them. We average over 600 cuts a month along with the other work involved also. Most do require a minimum of 1 million liability and e&o insurance and the work can get annoying at times with all the docs and pics required but with all the foreclosed homes there are it is a good money make. I do not travel more than a 100 mile radius for my work, normally only about 50 or so. i have completely stopped my residential cuts and m entirely doing preservation work in the summer due to the over abundance of it in my area. Hope this info help and I can give you more info if needed.

Johnny_boy02
09-30-2011, 12:07 AM
Foreclosed houses are not worth your time. . . they dont pay weekly, they pay monthly. . and you have to take pictures up the AZZ .. NO PICTURES, then you dont get paid. . and there so picky on the lawn. . Stay clear. . . Most foreclosed houses a "property service company" will do. .because the banks have "MANY" houses and they usully want them all done by the same company in the area.. . so there only paying one company to do the work and not 15 dif. people. . just my 2 sence. .

I have about $2500 worth of work waiting for me over the next few days, the only thing I need to do to get paid is do a good job. I do anywhere form 30-45 grass cuts every 2 weeks. Plus hedge trimming and tree trimming jobs that end up paying about $100 an hour. I will change locks and remove debris if I have to but I don't like it because it doesn't really pay as well. I average about $4000 a month after expenses just from foreclosure work.

Not to bad for one guy and a lawn mower. If you are interested in this work google "property preservation" and start contacting companies. Watch craigslist they hire mostly on the spring. If they don't pay at least $25 a yard move on its not worth it. The company I do most of my work for pays $40 a cut. But I started out making much less, it worked out because I was able to learn how things worked.

LGann
09-30-2011, 09:05 AM
I actually am getting some help from a local lawn care company here in kc. They get around 30-40k a month just on cutting the lawns and doing 72hr checks. They average around 45dol a yard not to bad. Plus they do cleanouts in the winter and snow removal as well. They have 2 crews with 2 on each crew. still not a bad profit for a month.

Ducke
09-30-2011, 07:52 PM
I have a Friend/Realtor that sets me up with the Foreclosure company.
First Mow can very depending on what it looks like (Garbage , Tall grass dog Crap etc.) anywhere from $45.00 to $100.00 and then it a standard $45.00 weekly or $50.00 Biweekly.
So far they have been good to me but you always have to remember they are short term work so you are always searching for more work.
Your better off with three full season weekly mows the 12 one off repo jobs.
But hey ya got to take what ya gotta to pay the bills.

Good Luck
Graham

Steve
09-30-2011, 07:54 PM
Either go directly to the bank or find a company and subcontract for them.

What suggestions do you have when going to banks to look for this kind of work? Who would you talk to? Also, how should you go about finding subcontract work?

Which is better, to work directly for the bank or be a subcontractor?

e&o insurance

What is this? errors and omissions insurance? What is that needed for?

dclawnfl
10-07-2011, 03:26 PM
we tried doing those and you are always being out bidded,plus they dont give you any warning about the problems with the people next door,you will loose customers due to those reo's.stay away.:eek:

Steve
10-07-2011, 07:24 PM
plus they dont give you any warning about the problems with the people next door

What kind of problems have you run into?

dclawnfl
10-08-2011, 09:03 AM
What kind of problems have you run into?

we have found that some owners are mad about loosing there house, that they throw nails and broken glass in the yards.then you get a bad rep due to most of the guys the contract to do those houses are drunks or junkies. not to say they all are but in fl we have a ton of people like that.

Steve
10-10-2011, 10:24 AM
Well it seems looking and acting professional would really help you stand out in this industry.

kalawn
10-12-2011, 05:39 PM
WOW! I guess we have been lucky here in MI with our preservation work after hearing all your horror stories. We are in direct contact with either the bank that owns the property or a larger company that then hires us as subcontractors. I have never had an issue with being out bidded by any one due to the fact that when they give us the property it is basically ours until it sells. We perform the lawn maintenence, debris removal (int and ext) snow removal cleaning and anything else the house needs to be in the best condition to sell. We have removed several trees after large snow or wind storms, replace entire roofs and many other things. We average about 12-18k per month with just basically me and my wife with some occasional help when we get big jobs. From what I understand E & O insurance is basically an extension of gen lib ins that covers things like misrepresentation, negligence and errors and omissions in paperwork compared to the actual work completed. All in all I am very pleased with the preservation field and sadly I think it will keep us very busy for many years to come. As far as being drunks and such, I agree there are many bad companies doing this that are not only drunk at work but also rob properties and many other things. I had to do an inspection on a very large nice home (prob in the 2-3 million range) and had to winterize it a week later but couldn't because as i found out later the guy who mowed it went inside and took out every bit of copper plumbing. It give all of us who are professional a bad rep but it also gave me a very large plumbing repair at the lawn contractors expense. I have my companies name on all our vehicles and trailers as well as shirts made up with my company name and info as well as "PRESERVATION CONTRACTOR" on the upper back of it as well.

Steve
10-14-2011, 05:04 PM
Do you have any advice as to how to go out and find such well run companies that you can work well with? Do you think it was just luck on your part or is there more to it?

Are there any positive or negative signs you look for when first interacting with these companies to tell you if you want to continue further with them?

kalawn
10-16-2011, 08:14 AM
I think its a little bit luck but when I contact a company or they contact me I do a little checking around on them and see how they operate. Don't get me wrong there are some bad companies out there that either just plain suck or try to operate above their means or plain just lie about things. We have had several that claimed to have several hundred properties in our area and when we start with them we wait a month or more for work and when we get it its only a couple properties. My best suggestion is to check out the companies before you sign with them and see whet type of reputation they have. Remember that even large companies such as Safeguarf, will always have negative things especially from people who can't perform to the high quality expected and get fired.

Florida Lawn & Landworks
12-02-2012, 09:19 AM
If your thinking about getting reo work from a subcontractor make sure to do your homework. I did over 600 cuts last August and never received a dime. They would also throw over 100 work orders on me at a time and give me 2 days to complete them. It makes it hard to give your annual contracts the attention they deserve with such short notice. Also dont forget about the hours your going to spend on the computer posting pics with discriptions and property inspection forms. I was mowing at the crack of dawn and posting pics till midnight. Just be carefull

myricksmowing@live.com
12-02-2012, 03:40 PM
Please help I am trying to find out how to get foreclosed holmes for mowing but im running into a dead end.whats the best way to do this thanks.

70% of my work is property preservation. There are 100's of companies that get orders from the bank and are desperate for dependable contractors to maintain the lawn. You do have to take before, during and after pics. Thats how you get paid. But its not a manicured cut. Some companies I work for pay $20 per cut. Some pay $50. Its not for everyone. But the massive work load is why I do it.

heres a few companies I work for
Premier Landscaping group
Southeast asset services
BLM
Universal Property Preservation

Steve
12-03-2012, 02:22 PM
I did over 600 cuts last August and never received a dime. They would also throw over 100 work orders on me at a time and give me 2 days to complete them.
WOW! Can you tell us more about this and what others should avoid?

How did you resolve this?