
This section will provide an overview of what the student can expect to learn in the course.
Discover how property preservation safeguards foreclosed properties through repairs, inspections, trash outs, maintenance, and remodeling, while banks and asset managers use terms like BPO, MFC, PPR, and cash for keys.
Build strong relationships with contract companies through on-time work orders, photo documentation, and quality workmanship to win volume-based property preservation work and bid for additional services.
Get three insurance types—general liability, errors and omissions, and workmen's compensation—and obtain a $1 million GL/E&O quote before binding; ensure subcontractors have Aspen Grove background check and an ABC number.
Create vendor price sheets and an operating manual for subcontractors. Use the Fannie Mae Property Preservation Matrix as your guide for inspections, securing properties, trash outs, cleaning, winterization, and cash-for-keys.
Explore leading mortgage field service companies, vendor applications and assessments, and learn how to submit work orders using proven or the property preservation wizard.
Learn to prepare accurate on-site bids and itemized estimates for property preservation repairs, using photo documentation, GPS data, and pricing factors to stay profitable in a competitive market.
Learn to price foreclosure cleanup services by area, subcontractor roles, and full cost factors, including equipment, labor, and indirect costs, with bids for basic, detailed, and maintenance cleanings.
Celebrate completing the self-paced property preservation mastery course offered by Cwru. Build on this achievement by recognizing your mastery in property preservation.
Property preservation is a specialized niche within the real estate and mortgage industry. When a home goes into foreclosure, lenders need to secure and protect the asset. They do this by hiring property preservation vendors to secure, maintain and preserve the properties. Property preservation is one of the few industries in real estate where you have the potential to make six figures or more without selling anything. You do not need a real estate license, degree, or experience. You don't even have to do any of the work yourself; you can subcontract everything out. This course will show you how to run the business from your home using subcontractors. You'll also learn how to properly structure your business so that you can begin building business credit and expand your business into other avenues. This course is perfect for those that want to enter the real estate industry without selling anything. It is also the perfect course for real estate agents, home inspectors, property appraisers, general contractors and other industry professionals who want to add an additional revenue stream to their business. Property preservation truly is a recession proof industry because unfortunately, there will always be homes that go into default. Learn this ins and outs of how to get started in this lucrative industry.