ATTENTION NEW REO VENDORS

Wednesday, August 31

National Property Preservation Company Vendor Applications


Property Preservation Vendor Applications
It seems like every forum related to property preservation that I read is filled with people who want to start a foreclosure cleanup company.

Believe it or not, getting work is actually one of the easier parts of running a successful property preservation company.
Most national property preservation companies have online vendor applications that are easily accessible. We have provided direct links to several vendor applications for property preservation and REO asset management companies at the bottom of this report. I suggest that you finish reading this article so that you don't put the carriage in front of the horse, so to speak, so you don't commit the #1 fatal mistake made by most failed Property Preservation business owners.

Those of us who have been in this business for longer than a few years know that the reason national property preservation companies are always accepting new vendor applications is because the majority of the vendor applicants fail to educate themselves about what providing REO services is all about and they don't last very long. This causes a "revolving door" of contractors who over-estimated their ability to handle this type of work.

I suspect there's a 75% chance of failure to anyone who attempts to sign up for one of these companies without first paying for some type of property preservation training.

There are hundreds of stories online and on forums that were posted by people who no longer work within the property preservation industry because they failed to properly educate themselves about not only providing foreclosure services but also the basics of running a business. Of course these people will blame their failed property preservation business on everything and everybody except themselves mostly because it is easier than holding themselves accountable.

Do yourself a favor and learn from these people's misfortunes and mistakes but don't let them scare you off. This is a multi-billion dollar per year industry and you better believe there's smaller vendor companies doing the work who are absolutely kicking ass and taking names.

Just remember something very important when you're gathering information about starting a property preservation company: Most of the REO Vendors who are actually successful are way too busy to spend any time hanging out at internet forums.

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