Introduction

There are more opportunities in the property preservation and foreclosure maintenance business today than ever before. The current mortgage mess and financial melt-down has everyone busy making money and it looks like these factors are going to provide a substantial volume of work and tremendous opportunities for years to come.

You have heard all of this before. In fact, you’ve probably seen television ads and hundreds of web sites with their pitch on getting in and getting rich. What these ads do not tell you is who is really getting rich. I promise you, in the majority of cases it is not the contractor in the field. There is still plenty of money to make in property preservation but the facts and the information needed to do so have been overwhelmed by the hype. You need honest down-to-earth guidance – maybe a system – that shows you how to perform the tasks and actually build a property preservation business. Even better is getting your hands on the information you need to help you sift through the hype and the garbage and get down to business. You’re looking at it now, that is why this book was written. The information you need in order to know for yourself what is good and what is bad. The system you need is in this book.

Every lender, mortgage company and government agency involved in the property preservation business has their own specific requirements for servicing their properties. Add to this the fact that every servicing company also has their way of doing things and you see how things can become very complicated very quickly. The problem is getting worse daily as more and more people become involved.

Actually, the hands-on labor and craftsmanship involved in servicing a property is the easy part of running a Property Preservation Business. The hard part of running a property preservation business is in knowing the game, knowing the players, knowing the laws and dealing with those that don’t know or don’t care.

This manual is designed to help you understand what the property preservation business is all about, how you can participate, who the players are, how to make as much money as possible while keeping you from getting taken to the cleaners. After you have finished this manual you will have what you need to check out for yourself just about every aspect of the business. In the end, the ideal situation is for you to be as knowledgeable as possible so you will not have to depend on anyone for the information you need to make intelligent and educated decisions.

The steps and procedures of each component of the business are covered but there is absolutely no need to present to you every possible way to drain a water heater or haul away debris. In other words, the manual states the facts, offers suggestions, lets you know the norm and leaves the rest up to your common sense.

What You Can Expect From This Book

Get a complete education in the business of property preservation:

• Learn about the HUD regulations and the Preservation and Protection network HUD has put in place

• Learn how the network operates and how regulations are communicated to the field

• Learn how organizations other than HUD influence the Property Preservation Business

• Understand the chain of events that puts a property into the system

• Understand where the money goes

• Find out the requirements to start a Property Preservation Business

• Learn the steps for starting your own Property Preservation Business

• Learn what services are involved in the preservation and protection of properties

• Learn about potential problems and how to avoid them

• Learn how to rise above the crowd

• Learn how to operate a Property Preservation Business office

• Learn how the actual work is performed in the field

• Learn the ins and outs of paper documentation and photo documentation

• Discover additional related opportunities

There is no business like the Property Preservation Business.  It is nothing less than a sink-or-swim business.

There is no easing into the Property Preservation Business.  There are no electives in the Property Preservation Business – it’s an all-or-nothing opportunity unlike any you may have ever experienced.

Even if you have years of business experience or years of operating your own handy-man business; even if you are a licensed contractor with experience in building entire sub-divisions or commercial properties, you have never experienced the unique combination of opportunities, headaches and liabilities of the Property Preservation Business.

Property Preservation By Tphe Book takes the mystery out of the Property Preservation Business by showing you the complete picture and how successful businesses put all the pieces together.

This isn’t a book on theory – it’s a practical guide showing you which paths to take, how to perform due diligence, and dozens of  “tricks of the trade” learned from the school of hard knocks.