Foreclosure Cleanup and Mortgage Field Services Industry Inspections Equal Profit

If you are a contractor in the real estate services industry, adding property inspections to your list of services can bring in additional profits, quickly, to your business.

There are several forms of inspections in the foreclosure clean-up, property preservation, and mortgage field services industries. To successfully add inspections to your list of services, educate yourself about the types of inspections needed, turnaround times, intricacies of forms associated with specific reports and ultimately the client’s overall need as it relates to specific inspecting reports.

Various Inspections in Mortgage Field Services Industry

Below is a quick list of some of the types of inspections being performed by foreclosure clean-up and mortgage field services companies today.

Verification of Occupancy
Property Condition
Initial Vacant Property
Vacancy
Collections
Delinquency
Disaster
Drive-by
Foreclosure
Hazard
Insurance Loss
Interior
Mobile Home
Mixing
Commercial Property
Environmental
Equipment
Freddie Mac
Merchant Site
Walk-Thru Settlement
Apartment
Commercial Hazard
Pre-Purchase

Very Different

Though many of the inspections listed above may sound very similar in nature, they are each very different and may have very different uses for the client.

Foreclosure Cleanup Inspections

Below is a general overview of some of the inspections larger property preservation companies may ask you to perform as a foreclosure clean-up vendor:

Occupancy Inspections. The main purpose of this viewing of the home is to determine whether or not someone is actually occupying the property. The condition of the home and any potential conditions that may have an impact on the home or property’s condition will also be noted in this type of reporting.

Bankruptcy Inspections. This is a process where the property preservation company wants to know if the occupancy status and condition of the home will affect the value. The inspector will NOT contact the occupants directly, but rather the person doing the inspection will try to verify whether or not someone is living in the home by speaking with another party, such as a neighbor.

Foreclosure Inspections.This is a process where the physical condition of a home or property is documented, in addition to notations as to whether or not a home is secured, whether or not the utilities are active, and notations of maintenance required for the home.

Rush Inspections. This process is usually required to be completed in shortened periods of time (for example, from one to three days). The “rush” time frame will depend on the client’s needs.

Only Perform Inspections You’re Comfortable Completing

Remember, each property preservation company, or mortgage field services company, you choose to sign on with as a foreclosure cleaning vendor will offer various services, including inspections, for which you can sign up to complete.

As a rule of thumb, don’t sign up to complete inspections you’re not comfortable completing. In the “services offered” section of a property preservation company’s or mortgage field services company’s vendor application, list only the duties you know you can perform well as a foreclosure cleanup business. Also list those services you know you can perform timely, and, most importantly, list those services for which you know you can make a healthy profit.

Good luck registering your foreclosure clean up business with property preservation companies and mortgage field services companies for inspection jobs.

Ten Reasons Why The Food Service Industry Needs Retail Audits

Retail audit software helps multi-unit retailers achieve store-level compliance with operational, service and merchandising standards. We couldn’t think of one reason why the food service industry needs regular retail audits, we thought of ten.

1. When preparing and serving food, compliance with standards and regulations is not simply a matter of building a positive customer experience; your customers’ health and safety depend on it. It shouldn’t take a tragedy, public relation fiasco or social media scare to take action. Be proactive and prevent problems before they happen. Protect your customers’ health and safety. Protect your employees. Protect the brand.

2. Studies have demonstrated it is a lot more expensive to gain or regain a customer than it is to keep an existing customer satisfied. Customers have a way of thanking stores that are well run: they come back. Don’t spend money fighting fires. Prevent problems before they happen, nip them in the bud when they do.

3. When dealing with a large number of franchisees, some will invariably execute better than others. A retail audit system helps spot repeat unacceptables, execution laggards and downward trends quickly.

4. You may not need to spend more on merchandising and seasonal programs. You may need to spend better by making sure the programs you already pay for are executed in full, everywhere. A good retail audit system pays for itself. Paper-based processes are expensive, needlessly expensive.

5. To motivate your franchisees and operations staff, you need to engage them. The benefits of the retail audit platform should permeate through the entire organization.

6. Technology is an enabler, not an end in itself. You need the best possible tools to manage your operations. Let a software provider manage your infrastructure so you can focus on what you do best: running your business.

7. Try before you buy. With web-based retail audit software, there is no setup fee, no hardware to procure, no software to purchase and no IT investment to speak of.

8. Measure what you communicate. First, you can’t manage what you can’t measure. Second, measurement actually breeds compliance.

9. Failure to execute on in-store merchandising programs alone has been shown to cost the industry between 1% and 4% of sales. Compliance is not a feel-good initiative. Compliance drives your bottom line.

10. Training is necessary but not sufficient. Training alone does not guarantee your standards will be upheld. Train your staff on the one hand, systematically measure what you communicate on the other.

What Can the Direct Marketing Services Industry Do For You?

The roughly 3,700 direct marketing services industry in the United States produce a combined annual revenue in excess of eleven billion dollars. The typical account executive in a direct marketing services company is responsible for about $150,000 in revenue per annum.

These companies earn their keep by helping you to make your direct response advertising campaigns successful by using media such as email, snail mail, telemarketing, cell phone text messaging, radio, and television. Although the industry is quite fragmented, the fifty largest companies are responsible for approximately forty five percent of this revenue.

Direct marketing services companies can offer you and your company five major services. They are concept development, mailing list services, letter shop services (this service prepares and sorts your mail pieces), printing, and full direct mail services. There are several other services these companies offer to help you to advertise your products and / or services. They include distribution, sales promotion and fulfillment. The full direct mail services, which account for almost $7 billion dollars per year in revenue in the US, includes concept development, mailing list, letter shop, and printing services.

The Biggest Benefit of Direct Marketing Services

One of the biggest benefits of direct marketing is being able to test concepts and campaigns for a relatively small amount of money before you commit significant amounts of money to any project. The company you work with should be able to take a small sample to test the concepts you agree on.

If the test does not produce the results you want it can either be tweaked or abandoned. However, when the test is successful it can then be replicated on a much larger scale. And because the parameters will be the same you should expect a very high probability of success.

When deciding which company to hire, business owners who want to compete in a specific geographic market or type of service often choose a small companies. That’s because smaller direct marketing service companies can specialize in a particular industry and area. However, they can cost more to work with than larger companies because a large direct marketing company has the benefit of economics of scale throughout their operations.

Whatever route you take a little research prior to hiring a direct marketing firm can go a long way. Make sure to interview the company before climbing onboard. Find out if they will take the time to thoroughly understand what your business does, how it operates, and what you are looking for. Only then can they generate the most effective sales leads and material for you.

Highly effective companies will help you to increase your conversion rates by optimizing your campaign over time. They can also show you how to invigorate your old leads and bring life into sales leads that you were not able to sell before.

Career and Technical Education for the Service Industry – A Triple Win

In today’s society, post-secondary education is a topic that is getting an increased amount of attention. The American President, national, state, and local politicians, and educators across the country continue to work towards identifying new ways to increase the attainment rate for postsecondary education. Career and technical education (CTE) is an important and increasingly popular component of post-secondary education. The role of CTE has continued to develop and evolve over the past several decades. Some people, however, correlate CTE to blue-collar manual labor jobs, and that stigma sometimes detracts from the appeal of CTE for many potential students.

CTE can have a significant impact on the attainment levels of post-secondary education, and it can occur rather inexpensively and efficiently. What is important is that the CTE offerings must continue to expand and evolve as the marketplace changes. One of the largest opportunities for an increase in formal post-secondary education involves current and future employees of the service industry, specifically food service and sales.

There are vast amounts of employees in these sectors, making them prime candidates for further education. According to the US Bureau of Labor Statistics (May, 2014), 12.9 million workers in the United States were employed as front-line waiters / waitresses, sales representatives, or first-line supervisors of those two segments of the working population. That is almost 10% of the working population of this country. However, very few members of these occupational segments have received any formal training or education relating to their occupation from an educational institution.

What would be the benefit of launching and promoting an organization similar to the technical institutes that provide CTE to individuals seeking occupations in the technology or mechanical industries that many people see advertised on television? Who would benefit from a Service Industry Institute (SII), similar to ITT or MMI but focusing on the service industry rather than technology or motorcycles?

The first people to benefit would be the employees themselves. There is a strong correlation between higher earnings potential after completion of a CTE program versus simply having a high school diploma or GED. It has also been widely observed that individuals who complete a CTE program are much more likely to pursue and complete additional post-secondary education. Lastly, people who complete a CTE program and enter the workforce for 4 years prior to pursuing an associate’s or bachelor’s degree incur much lower education debt and a much higher rate of completion than students who pursue a degree directly out of high school. Bottom line… the employee benefits significantly in several very important ways.

Another group that would benefit from service industry-focused CTE would be companies and organizations that provide those services to consumers. Having a highly trained and knowledgeable workforce enables companies to meet their customer’s needs more effectively and efficiently, leading to higher profits, more satisfied customers, and increased repeat business and net promoter scores. Companies would also be able to streamline their hiring practices by focusing on attracting potential employees who have formal training in the service industry. Lastly, companies would be able to reduce their own training expenses either by hiring candidates who have already completed post-secondary training and certification in their sector or by making the successful completion of such certification a requirement for their continued employment.

The last group that would benefit from a better-educated service industry workforce would be the customers who use the service of those employees, and the economy as a whole. Anyone who has gone to a restaurant and been served by a waiter or waitress has experienced the impact of that server’s skills (or lack thereof) first-hand. Anyone who has shopped at a retail store and interacted with a sales person has experienced first-hand how that sales person’s skills affected the transaction. Bottom line… the better the experience by the individuals providing service to you, the higher level of enjoyment you experience in that interaction, and nothing sets the stage for a good experience more than effective training. Finally, when a customer experiences exceptional service, they spend more money. That helps stimulate the economy, and that is good for everyone.