It hasn’t been a excellent economic time for most Americans. And Tom and Lisa McLane were certainly no exception. They had usually run their own companies – and for three years, they built commercial freezers for food distribution centers. They were doing fine. Then gas prices climbed – as well as the stock market place crashed.
That double play stopped Tom and Lisa’s enterprise right with the tracks in early 2008. Suddenly no 1 was building anything anymore. The couple had no other source of earnings – and no prospects. Tom reacted as any guy may possibly with a little money from the bank – he went fishing. But with savings dwindling along with the economy still in shock, the couple knew they needed to do some thing. But in that bleak organization climate – what?
Luckily, Tom went over a single day that summer to assist his friend Scott fix a roof leak. At that point, Tom had no thought what “property preservation” was, let alone that it was a small business. Scott told him about the boom in foreclosures and how corporations had been desperately needed to help “trash-out” vacant REO (Real Estate Owned) homes in order to get them ready for market. Tom began a coaching program that trained contractors to be property preservation professionals. That August, he and his wife decided to move to Las Vegas, a person of the biggest foreclosure markets in America at the moment.
They drove their 5th Wheeler trailer residence to Vegas, set up at the RV park and got to work. They didn’t know anyone in Nevada, didn’t know any one besides Scott in property preservation and did not know everyone inside the REO industry. “We had loads of faith – we prayed a good deal,” says Lisa.
They started slowly, but their expert training paid off. Gradually they constructed their new business, New Age Asset Management, into a trusted provider of foreclosure field services. Without ever having to open a line of credit or borrow a dime, they continued to grow to the point where they’re now working with ten distinctive providers – and in Might, they grossed an amazing $89,000 in one particular month. Not the type of success story you hear much in these times! But this sudden burst of income hasn’t spoiled the McLanes. They’re still operating out of their trailer from the Vegas RV park! Correct now, they’re too busy to move anywhere else.
Want to discover more about property preservation, then visit Kevin Lowry’s blog for your research needs.
|
|