Are you planning to start your property preservation business? It is a well-defined business opportunity according to Robin Swami and one of the most profitable ones too. It is suggested you start your journey as a preservation vendor before fully joining the business scope. Here we will take you through everything that you need to know about the preservation domain.
1. We will start by understanding what you mean by property preservation. It is the business of reimagining the property inside out. It it taking care, maintaining and preserving the original property. The preservation business is responsible for taking care, adding value and ensuring proper maintenance of all the properties they have taken under their wings
2. The second question that you may have regarding property preservation includes what streams or aspects or preservation should you take care.
a. The first kind of services you will responsibly offer are inspection solutions. You will inspect the property, provide complete detail on how the property appears, what are some of the issues the property faces and others. basically, you will be responsible for identifying minor/major issues, assessing the physical condition of the property and reporting damages, according to Rohit Agarwal
b. The second kind of service that you can offer as a property preservation company is repair. You can become the repair contractor for the property and handle all the repairs needed in that place. For example, if there is a plumbing work that you need to get done, the property preservation officer should be the first point of contact. As a business owner, you can list out all the repair services you will offer. Make sure to mention if you plan to handle these as separate business opportunities or under a single wing. You should also clearly specify what kind of services you will be offering. Make sure you have experts on-board to handle these services
c. You can be the maintenance contractor who takes care of all the repair and maintenance work. According to Robin Swami, you should be sure of all the things that come under maintenance before getting started. It should include cleaning services, removing trash and lawn maintenance, in case that exists. It is very important to determine the services properly before stating them
3. Next you need to address the question – how to get started. You will have to identify the best structure for your business. Do you want to go with LLC or a private limited? The next step to starting a preservation business is to identify the business plan. Make sure you have it ready with you. It should include all aspects of the business including the marketing plan
a. You may need experts to carry out the regular services and make sure things are done on-time. hiring processes should be planned and defined so that you can hire the best resources as per your requirement
b. You should have the apt vehicle and equipment for the particular task
c. Lastly make sure you are aware of how you want to manage the tasks and handle the entire processes according to Rohit Agarwal.