Happening Now
I'm closing on a small multifamily in San Antonio in about six weeks and trying to figure out if showing up for a walkthrough after the cleanout crew finishes actually gets anythi…
Discussion
Asking because I am trying to figure out what to expect on a duplex in Garfield Heights, probably a two bedroom over two bedroom situation, and I genuinely do not know if vendors…
Discussion
I had a vendor clear a house in High Point last month and they snapped a cast iron radiator getting it out, said it was already cracked. I know what I saw before they started. Won…
Discussion
Closing in about six weeks on a duplex in Akron, 1940s build, previous tenant left two years ago. The listing photos show furniture, bags, a full garage. I have not walked it yet.…
Discussion
Take a one truck, two-man crew operation running REO trash-outs off one servicer plus overflow turnover cleans from two property managers. A representative month: 22 haul jobs, av…
Win
Guy who flips two or three houses a year asked if I'd clear one out since I was already doing his plumbing. 1,100 square foot ranch, deceased owner, family had taken what they wan…
Happening Now
House I'm under contract on has maybe a room and a half of junk plus a garage packed to the door. Previous owner left furniture, a lot of boxes, an old riding mower, and what look…
Discussion
A cleaning operator running crews for five years, mostly for landlords who pay off an invoice with no paperwork required, may hit a wall applying for REO trash-out assignments thr…
Win
Small case, but it changes how an owner should price their own time. Take a two bedroom where a tenant of three years moves out. Normal wear, but the oven and the bathroom need re…
Discussion
The commonly cited figure for tenant turnover cost, cleaning included, runs around $1,750, and it is worth breaking into lines rather than carrying it as one lump for modeling pur…
Happening Now
My aunt's estate has a house going to sale and I'm the one handling the paperwork, so the cleanout invoice landed on me. It's $7,900 for a 1,600 square foot ranch with a basement.…
Win
Consider a cleaner billing turnovers at $38 an hour for a property manager running around 90 doors, splitting the work with three other cleaners and picking up maybe three units a…
Win
Following on from my dumpster question. I did the cleanout myself over two weekends and before anything went in the can I pulled out anything metal. What came out: the riding mowe…
Poll
For someone turning a truck and trailer into a real cleanout business, there are two distinct paths, and they tend not to mix well with one rig. Path one is bank and servicer work…
Poll
I'm building a spreadsheet for a first deal and I've got a line called "rehab" and a line called "contingency" and nowhere obvious to put $3,800 of hauling somebody's furniture ou…
Loss
Flip, 1,400 square feet, seller left about half the house furnished. I got three bids. $3,400, $3,100, and a two-man crew at $2,200 who could start Monday. I took the $2,200 becau…
Discussion
Coming into this from nothing, no real estate background at all. I've got a truck lined up and one property manager willing to try me on turnover cleans. Every video I watch is so…
Happening Now
When papering the vendor side of a crew taking on REO clear-out work for servicers and property management shops, the commercial terms are typically the easy part: a flat bid per…
Discussion
I'm working on the lending side rather than owning, and I'm trying to think through the ugly case. Borrower stops paying, I end up taking a property back, and the house is full of…
Poll
Pricing cleanout across a large batch of bank owned and pre foreclosure single family properties before walking any of them is a recurring problem, and it usually comes down to tw…
Happening Now
A trash-out and cleaning operator sizing up a national vendor contract is a useful scenario to work through, because the headline rate rarely tells the whole story. Say the terms…
Discussion
An agent handling a bank-owned house asked me to price a trash-out. I quoted it the way I'd quote a move-out cleaning, hourly plus supplies, and she came back asking for a cubic y…
Happening Now
Scenario for the room. Off market three bed, 1,900 square feet plus a detached garage, the owner passed and the family walked away from the contents. Assignment price $146k, after…
Discussion
A property manager I met through my licensing course said she'd send me turnover cleans if I could also haul out whatever tenants leave behind. I've got a half ton pickup and a 5x…
Poll
Take a small three bedroom estate sale with contents still in the house, heirs out of state, and a listing agent presenting two versions of the same deal. Either the seller delive…
Poll
Vacant three bedroom I closed on last week, previous occupant left about half a house worth of stuff plus a shed. I got two numbers. The first is a real company. Certificate of in…
Poll
Take someone starting a cleanout business with a pickup, a borrowable trailer, and two people willing to work weekends, deciding which type of work to chase first. Option one is t…
Happening Now
A servicer's regional vendor coordinator sent me a work order for a 1,450 square foot single story that got repossessed in the fall. Photos show maybe half the house furnished, a…
Discussion
I got a vendor pricing sheet from a field services company and I'm trying to figure out where the trap is before I sign it. Debris removal is priced per cubic yard with a cap on t…
Discussion
I've been asked to price cleanouts on a batch of 12 units for a manager who takes back a steady number of them after eviction. Scope reads as debris removal and a make-ready clean…
Happening Now
My first rental is a two bed one bath, about 900 square feet, and the tenants gave notice for the end of March. They've been fine, rent always on time, and from what I saw at the…
Happening Now
A vacant infill lot held for several years while waiting on infrastructure, say a sewer extension, is a common target for illegal dumping once it sits unused long enough. A walk o…
Discussion
Here is a working capital structure worth poking holes in, because the shape of the risk is unfamiliar to most people coming from property. Numbers as typically presented: about $…