Frank Patrick, founder of foreclosure clean out and property preservation franchise REO RESQ™, explains why property preservation is such an attractive business, and will continue to be so in 2011.
Scottsdale, Ariz. – January 7, 2011 – In a recent article by Frank Patrick, one of the country’s top property preservation and trash out experts, Frank writes about how it looks like there will be an agreement between the major banks and the attorney generals in all 50 states to improve the foreclosure process, making it clear that there will continue to be a huge demand for property preservation companies.
In the article titled “Foreclosure Trash Outs: Signs Point To More Demand,” Frank gives a few reasons why property preservation is the biggest foreclosure business opportunity, including quick startup, minimal investment, quick ramp-up and incredible demand.
“In some cities, having enough foreclosure trash out professionals can be crucial. In Phoenix, Arizona, for example, 65% of home sales in October involved either new foreclosures or foreclosed homes that were resold. All of those homes required property preservation services to secure, maintain and repair them, so they could be ready for market,” wrote Frank Patrick.
“In many areas of the country, untended foreclosures threaten to scar neighborhoods and bring down already-depressed property values. That’s why many local governments are passing legislation designed to force REO owners to either promptly hire property preservation companies or face steep fines. Many communities are also accessing government funds to finance their own foreclosure trash outs when the owner of a vacant home can’t be found,” Frank continued.
Frank’s nationwide franchise, REORESQ™, is helping entrepreneurs all across the country start up and successfully operate property preservation franchises. Frank believes that 2010 will provide incredible opportunities for field service companies, property preservation contractors, and trash out businesses.
In addition to being the founder of the property preservation franchise REO RESQ™, Frank Patrick is also the founder of American Society of REO Specialists™ (ASREOS). Patrick was recently featured in Newsweek, The Wall Street Journal and USA Today for his expertise and success in the REO Sales and REO agent training industry.
Read the entire article at http://www.reoresq.com/articles/foreclosure-trash-outs-signs-point-to-more-demand.php
For more information on Frank Patrick and REO RESQ™ please visit http://www.REORESQ.com
About REO RESQ™:
REO RESQ™ was begun by two brothers with the perfect blend of credentials – one with an extensive background as a top REO broker, the other with years of experience in construction. Starting as a small family business in Kansas City, Missouri, REO RESQ™ offered property preservation and default management services to banks, lenders, asset management companies and REO agents.
In the past five years, the success of REO RESQ™ resulted in it becoming the first nationally franchised company providing comprehensive property preservation and asset management services for REO properties. REO RESQ™ provides the full spectrum of Property Preservation services including:
Inspect – occupancy and property condition inspections
Secure – lock changes, lock box installation, evictions, board ups
Preserve – winterization, emergency repairs, pool service
Prepare – trash & debris removal, janitorial service, landscaping
Repair – repair of minor health and safety issues, code violations
Maintain – ongoing lawn care, maid service and pool maintenance
REO RESQ™ guarantees quality work delivered on your schedule to get your REO listings “ready for market” – and looking their best for a quick sale. All our franchisees are fully licensed and properly insured – and trained by REO field service experts to provide the level of property preservation service that you desire. We strive to limit your out-of-pocket expenses while providing world-class service.
REO RESQ™ understands your business – because it’s our business.
For more information please visit http://www.REORESQ.com
About Frank Patrick:
Frank Patrick began his real estate career in 2000 after a 12-year stint in corporate America as a sales manager. As a new real estate agent Frank knew that he wanted to find a niche within the real estate industry. After months of research Frank decided to specialize in REO, an acronym for bank owned foreclosed homes. Frank quickly became one of the top REO agents in the nation averaging over 100 transactions per year for the last 9 years. In 2007 Frank’s production soared to over 214 sales.
In 2004 Frank and his brother Scott Patrick started a property preservation company to offer maintenance and repair services to banks with foreclosed homes. Frank’s solid understanding of the REO industry and Scott’s 20+ years in the construction business was a recipe for success. This year their property preservation business is on track to gross over one million dollars in revenue. Today Frank manages his REO Real Estate Brokerage, REO Renegades an REO agent training business, his trade association The American Society of REO Specialists and is developing a national Franchise Property Preservation company, REO ResQ.
For more information please visit http://www.ASREOS.com and http://www.REORESQ.com