Frank Patrick, founder of foreclosure trash-out company and property preservation franchise REO RESQ™, writes how it is now a great time to start a property preservation company. 

Scottsdale, Ariz. – May 3, 2010 – In a recent blog post by Frank Patrick, one of the country’s top property preservation and mortgage field service experts, Frank discusses how property preservation has become one of the biggest business opportunities of the decade.  Frank explains how, in today’s economic culture, the average American worker can no longer put their faith in just being employed by big companies.  Downsizing and economic fluctuations cause the job market to be unstable at best.  However, Frank argues that this time of economic uncertainty is actually providing one of the best opportunities for people to start their own business – and a great time to make that business the property preservation business.

In the blog titled “Property Preservation: The New Business For The New Decade,” Frank describes how “in this era of record-setting home mortgage defaults, property preservation is the biggest foreclosure business opportunity in America today.” 

“The banks that end up owning foreclosed homes need them cleaned out, repaired and brought back to market quickly so they can mitigate their mortgage losses. In addition, communities and local governments are demanding that vacant homes be secured and taken care of, before they become safety and health risks, not to mention posing a threat to a neighborhood’s property values and attractiveness,” wrote Frank Patrick.  

“That means a good property preservation company ends up working around the clock to keep up with the demand. Note that I said “good” – because many untrained people are attempting to get into this business that don’t know the special demands of it. Insurance costs, licensing issues, and the expectations of the master contractors that generally hire property preservation companies are all difficult to deal with if you haven’t been educated about them.” Frank continued. 

Frank’s emphasizes how his nationwide franchise, REORESQ™, is helping entrepreneurs all across the country start up and successfully operate property preservation franchises. “Start-up is affordable, training is fast (usually two weeks) and the demand for your services will be strong,” remarks Frank. 

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 has recently been 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 blog at http://www.reoresq.com/blog/property-preservation-the-new-business-opportunity-for-the-new-decade.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