How to Start a Property Preservation Business

How to Start a Property Preservation Business

If you have a knack for home improvement and a keen eye for detail, starting a property preservation business may be the perfect venture for you. Property preservation involves maintaining and securing abandoned or foreclosed properties, ensuring that they remain in good condition until they are sold or occupied again. This article will guide you through the essential steps of starting your own property preservation business, from setting up a business plan to acquiring the necessary skills and licenses.

1. Research and Planning
Like any business, it is crucial to conduct thorough research and create a detailed business plan. Start by researching the property preservation industry to understand the market demand, competition, and potential clients in your area. Identify the services you want to offer, such as lawn maintenance, debris removal, winterization, or general repairs.

Next, create a comprehensive business plan that outlines your goals, target market, marketing strategies, financial projections, and operational procedures. This plan will serve as a roadmap for your business and help you secure financing if needed. Consider consulting with a business advisor or joining industry associations to gain valuable insights and guidance.

2. Legal Considerations
Before launching your property preservation business, it is essential to address the legal aspects. Start by choosing a legal structure for your business, such as a sole proprietorship, partnership, or limited liability company (LLC). Consult with an attorney or a business advisor to determine the most suitable structure for your needs and to ensure compliance with local laws and regulations.

Additionally, obtain the necessary licenses and permits required in your state or locality. These may include general contractor licenses, business permits, and insurance coverage. Adequate insurance coverage, such as liability insurance and workers’ compensation, is crucial to protect your business and clients in case of accidents or property damage.

See also  How to Sell a Corporation

3. Building a Network
Networking is vital in the property preservation industry. Establish connections with real estate agents, banks, mortgage lenders, and property management companies to secure contracts and gain referrals. Attend local industry events, join relevant online forums, and participate in trade associations to expand your network further.

Develop relationships with subcontractors, such as plumbers, electricians, and landscapers, who can assist you with specific tasks. Building a reliable team of subcontractors will ensure that you can handle a wide range of property preservation services efficiently.

4. Acquiring Skills and Equipment
To be successful in the property preservation business, you need to acquire a diverse set of skills and invest in the right equipment. Property preservation involves various tasks, including lawn maintenance, painting, plumbing repairs, and lock changing. Consider taking courses or apprenticeships to enhance your knowledge and skills in these areas.

Invest in high-quality tools and equipment that are necessary for property preservation work. These may include lawn mowers, hedge trimmers, power tools, cleaning supplies, and safety gear. Start with the essential equipment and gradually expand your inventory as your business grows.


Q: How much does it cost to start a property preservation business?
A: The cost of starting a property preservation business can vary depending on factors such as location, equipment, and initial marketing expenses. On average, you can expect to spend between $10,000 and $50,000 to launch your business.

Q: How do I find clients for my property preservation business?
A: Networking is crucial for finding clients in the property preservation industry. Reach out to real estate agents, banks, and property management companies to establish connections. Joining industry associations and attending local events can also help you gain exposure and attract clients.

See also  How to Start a Lemonade Stand Business

Q: Do I need any certifications to start a property preservation business?
A: While certifications are not mandatory, obtaining relevant certifications can improve your credibility and increase your chances of securing contracts. Consider getting certified in areas such as mold remediation, lead-based paint removal, or asbestos abatement to offer a wider range of services and appeal to potential clients.

Q: How much can I earn from a property preservation business?
A: Earnings in the property preservation business can vary depending on factors such as the size of your business, the number of contracts secured, and the services offered. On average, a property preservation business can generate anywhere from $50,000 to $150,000 in annual revenue.

Starting a property preservation business can be a rewarding and profitable venture for those with a passion for home improvement and property maintenance. By conducting thorough research, acquiring the necessary skills and licenses, and building a strong network, you can position yourself for success in this thriving industry.

Posted on