If you’re looking for a job you can work from your home office that has huge earning potential, there’s an opportunity that’s been present in the real estate industry for decades that almost no one knows about: county overages. Here’s how to collect county overages and charge up to 50% for your services.
1. Get trained. First of all, make sure you get trained. You don’t want to attempt to collect county overages on your own without being thoroughly educated on what you’re doing first. While completely legal, you really have to know the laws and know what you’re doing in order to avoid inadvertently breaking the law and ending up in trouble. Make sure you consult an expert in the field, and if you can, take a training course.
2. Locate overages. Request lists of overages from the counties you’d like to work in. When you receive them, you’ll need to process the information, decide which claims are worth working on, and get to work researching those overages. Note: you may not want to tell the employee you speak to that you are trying to collect county overages. They don’t like to give up their money, and can sometimes try to make it difficult for you if they know that’s what you’re doing.
3. Locate owners. Next, you’ll skiptrace the potential owners, locating them at their current address and phone number. Or, you’ll attempt to find friends, neighbors, and family members of the claimant who can put you in touch with the owners.
4. Get the owners under contract, while keeping your sources secret. Explain to the owners that you’ve found money they are owed, but that you can’t divulge the location or source of the funds until you have an agreement in place to share the proceeds. You may charge up to 50%. You may have to negotiate your percentage to get the claimant to agree.
5. Collect the overage and keep your percentage. Once you’ve gotten a signed agreement back from the claimant, you’ll go to work processing the claim and getting all the necessary documentation the county requests in order to process the claim. Then when the check comes, you get paid. It’s that simple!