Are you tired of your 9 to 5 regular weekly working routine? There are other options available to people that are looking for a different routine. One option to think about is the REO foreclosed home cleaning business. Today's economy is a great time for this business due to the increased amount of foreclosures. If the foreclosed home cleaning business sounds appealing to you, there is a few things you need to know before automatically signing up.
One of the requirements needed for this business is insurance. The type of insurance needed is decided by the client that hires you. Here are three main insurances commonly required for your new business. The first type of insurance regularly needed is General Liability insurance. This is basic business insurance that most service type businesses are required to carry. General Liability insurance protects the business during an injury or property damage situation. Errors and Omissions insurance is another form of insurance that is fundamentally mandatory for this type of business. The main factors involved in the Errors and Omissions insurance are reporting to your clients about the conditions of the properties. If failure to correctly document these conditions, the financial harm of the home cleaning business may be in jeopardy. Lastly, the Workman's Compensation insurance is a significant type of insurance created to pay any medical bills or lost wages due to an injury that happened while on the job. These insurance can become extremely costly per month but can definitely be useful and comforting in a crisis.
Another frequent requirement to develop into a REO foreclosed home cleaning business is providing photo documentation. Every client that hires you will request different types of photo documentation. The photo documentation is basically pictures showing the looks of the property before a home cleaning business started their work and a picture of the home cleaning service's result. Some clients prefer an "in action" photo as well. This photo is taken during the middle of their cleaning services, showing that they are actually providing the accurate service. Also, some clients may be very strict when it comes to sending these photos. Certain clients may want you to email the photos or upload. This is a vital part of the foreclosed home cleaning business's duties.
Furthermore, when getting started with this business, you need to be aware that there is not a accurate date that you will get paid. After cleaning a client's home and turning in the appropriate photos, the paying process can take up to 30 to 60 days for a payout to occur. This is something to consider when deciding whether or not to join this type of business.
In other words, the REO foreclosed home cleaning business is a great way to change up your daily schedule and earn a living. The best thing to do before signing up for this opportunity is to create a budget including all the various types of insurance. If it seems to fit comfortably in with your budget and schedule then the foreclosed home cleaning business is the right job for you.