Join Date: Mar 2016
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Another New Startup Question
My name is Ron and I have a quick question for you seasoned vets about starting a trashout biz in Texas.
I searched for this specific topic and didn't come up with anything so I apologize if this has been asked 1,000 times already.
The area I am located in Texas is currently being slammed by the downturn oil economy that I am currently employed in and I have been reading a lot about REO, junk hauling, trashouts, and several other property solution I can offer. I also have a very good contact that is the sales manager for a rather large real estate company here locally. She is making us first call for the 100+ realtors she has working for her. She has also graciously given me several contacts for builders, asset managers, and other agents in the area.
I have spoken to one asset manager that tells me that there is nobody in the area actively advertising any sort of Google search pulls up exactly zero competition anywhere nearby. The asset manager uses nationals and he says that Cyprexx has actually sent a lawn maintenance crew here from 6 hours away to cut two yards. He also told me that there is a pretty big demand for REO services in this area and he expects the next 6-8 months to get really busy.
There is approximately 500,000-600,000 people here within a 100 mile radius and with the amount of foreclosures, rent house vacancies, and apartments being emptied I feel like this is a perfect time to get started. I have been handing out business cards like mad so far, built a website, and started building a FB page. I am doing all of this with a partner also so he is helping out with all the loose ends and finding equipment.
So I guess my question is.. If you were in an area that had zero competition, half a million people, and a collapsing economy would nationals be the way to go or should I attack this from a different angle?
Also is this something I can work part-time while also having a full-time job with a partner that will be available all the time?
Thanks for any and all answers! (even the snarky ones)