How do I become a property preservation repair vendor?

Establish your property preservation company

  1. Seek certification by taking courses or programs with learning institutions.
  2. Inform yourself about government guidelines.
  3. Approach major banks and apply with the REO department.
  4. Develop a preservation contract.

Is Cyprexx a good company?

Cypress is a Very Productive Company with unclear views on the needs for success in it’s industry. Over the past years with Cypress this Company has changed tremendously. It’s an excellent Company to work for.

How do you grow a property preservation business?

Set up a website, Facebook page, and LinkedIn as places to educate your potential new customers, show social proof of your company, and make your business easier to find if someone searches on Google or Bing for property preservation businesses in your area.

What is property preservation?

In its simplest sense, property preservation is maintaining vacant properties. This ranges from cleaning them up to performing preventative maintenance to making sure the property is safe and secure. A lot of people view property preservation as foreclosure cleanup, but it’s actually much more than just cleaning.

What is REO property preservation?

REO property preservation encompasses caring for the property—such as through lawn maintenance, helping preserve the building, repairing damaged sections, and so on—while also searching for buyers and helping the lender sell the property.

What does BPO mean in real estate?

Broker price opinion
Broker price opinion definition A broker price opinion, commonly known as a BPO, is a real estate professional’s opinion of a property’s value. BPOs are most often used when setting the list price of a property, similar to a comparative market analysis, and in the case of a foreclosure or short sale.

What is the primary goal of property preservation?

Property preservation is the process of caring for the inside and outside of a foreclosed property, be it vacant or occupied. Property preservation businesses work with banks and asset management companies to provide services such as repair, inspection, insurance claim management, and maintenance.