Questions about providing "property preservation" services (re-keys, trash-outs, winterizations, etc.)

[Paul B.]

I've thought for some time that this would be a good business to get into. Does anyone agree? Disagree?

I am curious to hear others' opinions on how one would start and grow such a business. Would you contact the REO departments at banks? Third-party asset managers? Or does that depend on the size of the institution? I am guessing that smaller lenders may manage their REO internally. Wrong?

Along the lines of whether this is a good or bad business, is there any money in this? Are the fees pretty much set by the asset manager, or do they bid each property out?

I plan to do my own research, of course, but I am curious to hear what others think. Thanks!