Self Paced Property Preservation Mastery Course from Udemy

What's inside

Learning objectives

This course will guide you in setting up your property preservation business from start to finish.
At the completion of this course, you will have positioned your company to obtain a contract to repair bank owned properties.
You will learn how to property structure your business and obtain business credit.

This course will help you expand your property preservation business into other real estate avenues.
As a bonus, you will learn how to get business credit to fund your business.

This course will guide you in setting up your property preservation business from start to finish.
At the completion of this course, you will have positioned your company to obtain a contract to repair bank owned properties.
You will learn how to property structure your business and obtain business credit.
This course will help you expand your property preservation business into other real estate avenues.
As a bonus, you will learn how to get business credit to fund your business.

Syllabus

Welcome to The Self Paced Property Preservation Mastery Course

This section will provide an overview of what the student can expect to learn in the course.

Traffic lights

Read about what's good

what should give you pause

and possible dealbreakers

Provides a comprehensive overview of property preservation, which is a specialized niche within the real estate and mortgage industry that can be highly lucrative

Explores how to structure your business and obtain business credit, which are essential for long-term growth and financial stability in the real estate industry

Teaches how to run the business from home using subcontractors, which can significantly reduce overhead costs and increase profitability in the early stages

Focuses on obtaining contracts to repair bank-owned properties, which is a specific and actionable goal for those looking to enter the property preservation field

Examines mortgage field services and submitting bids, which are crucial for securing work and generating revenue in the property preservation industry

Requires learners to understand the nuances of property preservation, which may necessitate additional research or training for those completely new to the field

Reviews summary

Blueprint for property preservation business startup

According to learners, this course provides a solid blueprint for anyone looking to start a property preservation business, particularly focusing on the business setup and structure aspects. Students found the modules on obtaining business credit and getting properly insured especially helpful. While many appreciate the emphasis on running the business using subcontractors, some note that it offers less detail on the actual hands-on work involved. The course is generally seen as a practical guide to entering this niche market.

Emphasizes running the business using subcontractors.

"The course focuses heavily on the subcontracting model, which is key if you don't want to do the physical labor yourself."

"It gives a good overview of managing jobs by hiring others."

"Understanding how to run this business remotely via subs was a major takeaway for me."

"Helpful for those who want to scale without doing the work."

Clearly explains necessary insurance types and how to get them.

"Understanding the insurance requirements for this industry was confusing, but this course broke it down perfectly."

"I now know exactly what type of insurance I need and why it's critical."

"The guidance on getting insured made that daunting process much easier to navigate."

"Practical steps provided for securing the right coverage."

Valuable information on building and leveraging business credit.

"The section on business credit was worth the price of the course alone; very practical advice."

"Learning how to properly structure my business for credit was a game changer."

"I didn't realize how important business credit was until this course explained it so well."

"The bonus module on funding through credit was a great addition."

Provides essential steps for setting up your property preservation business.

"This course gave me a clear roadmap for setting up my property preservation business from scratch."

"The modules on legal structure and compliance were exactly what I needed to get started correctly."

"I feel much more confident in handling the initial business registration after taking this."

"Getting the EIN and understanding the first steps was made simple."

Less focus on the actual property preservation work.

"If you're looking to learn the actual work tasks (securing, repairs), this course isn't detailed there."

"It's definitely more about the business side than the operational, physical labor side."

"Could use more content on the types of repairs or preservation tasks themselves."

"Assumes you'll hire others for the physical part."

Some found it challenging to secure initial client contracts.

"While the setup is clear, getting the first major contract proved to be the biggest hurdle after the course."

"Finding and getting signed up with asset management companies wasn't as straightforward as I hoped."

"The course shows you how to prepare, but landing the work still requires significant effort and patience."

"More guidance on initial client acquisition would be helpful."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Self Paced Property Preservation Mastery Course with these activities:

Review Basic Business Principles

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Reinforce your understanding of basic business principles to better grasp the business setup and compliance aspects of property preservation.

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Review different business structures (sole proprietorship, LLC, etc.).
Research business credit and its importance.
Familiarize yourself with basic business compliance requirements.

Read 'The E-Myth Revisited' by Michael Gerber

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Learn how to systematize your property preservation business for scalability and efficiency.

View The E-Myth Pest Control Business: Why Most Pest... on Amazon

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Read the book and take notes on key concepts.
Identify areas in your business where you can apply the E-Myth principles.
Develop systems and processes for those areas.

Create a Sample Bid

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Practice creating bids for property preservation services to gain confidence and refine your pricing strategy.

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Research typical property preservation tasks and their associated costs.
Find sample properties online (e.g., foreclosed homes) to use as examples.
Create a detailed bid for each property, including labor, materials, and profit margin.
Compare your bids to industry averages and adjust accordingly.

Four other activities

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Develop a Subcontractor Agreement Template

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Prepare a solid foundation for your business by creating a legally sound subcontractor agreement template.

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Research standard subcontractor agreement terms and conditions.
Consult with a legal professional to review and refine your template.
Customize the template to fit the specific needs of your property preservation business.

Attend Local Real Estate Investor Meetings

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Network with real estate investors who may need property preservation services.

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Research local real estate investor groups and their meeting schedules.
Attend meetings and introduce yourself to potential clients.
Prepare a brief elevator pitch about your property preservation services.
Collect business cards and follow up with contacts after the meeting.

Read 'Profit First' by Mike Michalowicz

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Learn how to manage your finances effectively and prioritize profit in your property preservation business.

View Profit First on Amazon

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Read the book and understand the 'Profit First' system.
Set up separate bank accounts for income, profit, owner's pay, tax, and operating expenses.
Allocate a percentage of each income deposit to each account.

Build a Basic Website or Landing Page

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Establish an online presence to attract clients and showcase your property preservation services.

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Choose a domain name and web hosting provider.
Select a website builder or content management system (CMS) like WordPress.
Design a simple, professional website with information about your services, contact details, and testimonials.
Optimize your website for search engines (SEO) to improve visibility.

Career center

Learners who complete Self Paced Property Preservation Mastery Course will develop knowledge and skills that may be useful to these careers:

Property Preservation Contractor

As a property preservation contractor, you'll be tasked with securing, maintaining, and preserving foreclosed properties, often subcontracting the actual work. This course directly addresses the core skills needed for a property preservation contractor. You'll learn how to set up your business, understand the nuances of the field, become compliant for business credit, and submit bids effectively. The course helps you understand the kind of work involved and how to price your services competitively, essential knowledge for a property preservation contractor operating independently.

See salaries and explore the career path for Property Preservation Contractor

Property Preservation Inspector

Property preservation inspectors assess the condition of properties and ensure they meet preservation standards. This course provides a strong foundation for excelling as a property preservation inspector. The course helps property preservation inspectors understand the nuances of property preservation, including specific requirements for securing and maintaining properties. The knowledge of mortgage field services and pricing may help them evaluate the work of contractors and ensure compliance with industry standards. Through this course, a property preservation inspector develops a strong understanding of industry best practices.

See salaries and explore the career path for Property Preservation Inspector

Foreclosure Specialist

Foreclosure specialists manage the foreclosure process for lenders or financial institutions. The course will be directly relevant to your role, as it provides insights into the property preservation aspect of foreclosures. The course helps foreclosure specialists understand the importance of securing and maintaining properties in foreclosure to protect asset value. The knowledge of mortgage field services and bidding processes is directly applicable to their daily tasks. With this course, a foreclosure specialist can enhance the management of foreclosed properties.

See salaries and explore the career path for Foreclosure Specialist

General Contractor

General contractors oversee construction, renovation, and repair projects. This course directly enhances the ability to manage property preservation projects effectively. The course helps general contractors understand the unique requirements of preserving foreclosed properties, including securing and maintaining them to lender standards. You'll learn how to price your services and submit bids, which is essential for competing in the property preservation market. By understanding mortgage field services, a general contractor can expand their business.

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Subcontractor Coordinator

A subcontractor coordinator manages and oversees the work of various subcontractors on a project. The skills and knowledge gained in this course would be directly applicable to property preservation. The coordinator will learn how to effectively manage subcontractors in this niche field. The course helps subcontractor coordinators understand the specific requirements and procedures involved in preserving foreclosed properties. The knowledge of pricing and bidding may help subcontractor coordinators to secure contracts and effectively manage projects.

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Mortgage Field Service Specialist

A mortgage field service specialist inspects and reports on the condition of properties in default or foreclosure. This course directly addresses the core functions of a mortgage field service specialist. The course helps you understand property preservation nuances and the importance of securing and maintaining properties. You will be introduced to mortgage field services, learning what kind of work is involved, which is directly applicable to the work performed by a mortgage field service specialist. The course may prepare you to accurately assess property conditions and report findings to lenders.

See salaries and explore the career path for Mortgage Field Service Specialist

Property Manager

Property managers oversee the day to day operation of real estate including maintenance and tenant relations. The skills and knowledge gained in this course may provide a competitive edge for property managers. They will be able to expand their service offerings. The course helps property managers to understand the intricacies of preserving foreclosed properties. In addition, it provides instruction on how to structure a business for success, in the property preservation field.

See salaries and explore the career path for Property Manager

Vendor Manager

Vendor managers oversee relationships with third-party service providers, including property preservation vendors. The course may be useful, as it helps you gain expertise in property preservation. Understanding the intricacies of this field can significantly improve your ability to evaluate and manage vendors effectively. The course helps vendor managers understand the specific requirements and procedures involved in preserving foreclosed properties, ensuring vendors meet performance standards. A vendor manager can ensure quality and compliance.

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Real Estate Agent

Real estate agents assist clients in buying, selling, and renting properties. A real estate agent looking to expand their service offerings may find this course helpful. The course helps real estate agents diversify their income by offering property preservation services to lenders and banks. Additionally, the course provides a framework for structuring a business and obtaining business credit, which is valuable for real estate agents looking to expand their operations.

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Home Inspector

Home inspectors evaluate the condition of properties for potential buyers. The course may be useful for home inspectors looking to add property preservation to their services. The course helps home inspectors understand how to secure and maintain properties in foreclosure. Moreover, you will learn how to structure a business and obtain business credit, which is essential for expanding their service offerings as home inspectors.

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Appraiser

Appraisers estimate the value of properties for various purposes, including mortgage lending. The course may be useful for appraisers seeking to diversify their services into property preservation. The course helps appraisers understand the specific requirements for preserving foreclosed properties. The knowledge of how to structure a business and obtain business credit may help them expand their business.

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Real Estate Asset Manager

Real estate asset managers oversee the performance and management of real estate portfolios. This course may be useful for real estate asset managers seeking to enhance their expertise in property preservation. The course helps real estate asset managers understand the nuances of preserving foreclosed properties, which is crucial for maximizing the value of distressed assets. Learning how to structure a business and obtain business credit may help them improve their financial management skills.

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Real Estate Investor

Real estate investors seek opportunities to acquire and manage properties for profit. This course may be useful, as it provides insights into property preservation, a crucial aspect of managing distressed real estate. By learning how to secure and maintain properties, real estate investors can reduce risks and enhance the value of their investments. The course helps real estate investors in structuring their business and obtaining business credit, which is essential for funding property acquisitions and renovations.

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Loss Mitigation Specialist

Loss mitigation specialists work with borrowers to find alternatives to foreclosure. The course may be useful for loss mitigation specialists seeking to understand the property preservation process after foreclosure. The course helps loss mitigation specialists understand the steps involved in securing and maintaining properties. The knowledge of mortgage field services and property preservation nuances may help them better communicate with borrowers and lenders regarding property conditions.

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Construction Manager

Construction managers oversee construction projects, ensuring they are completed on time and within budget. This course may be useful to construction managers looking to diversify their services into property preservation. The course helps construction managers understand the specific requirements and procedures involved in preserving foreclosed properties. Understanding how to price services and submit bids, as taught in the course, may assist construction managers to secure contracts in the property preservation sector.

See salaries and explore the career path for Construction Manager

Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Self Paced Property Preservation Mastery Course.

The E-Myth Pest Control Business

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Classic guide to building a successful small business. It addresses common pitfalls and provides strategies for creating a scalable and sustainable business. It's relevant to the course because it helps students think strategically about building their property preservation business. This book is valuable for understanding the principles of entrepreneurship.

The E-Myth Pest Control Business: Why Most Pest...

Hardcover

Profit First

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Provides a practical system for managing your business finances and ensuring profitability. It challenges traditional accounting methods and offers a simple, effective approach to prioritizing profit. Implementing the 'Profit First' system can help you maintain a healthy cash flow and build a financially stable property preservation business. This book is especially useful for entrepreneurs who struggle with managing their finances.

Self Paced Property Preservation Mastery Course

What's inside

Learning objectives

Syllabus

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Save this course

Reviews summary

Blueprint for property preservation business startup

Activities

Career center

Reading list

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