Management of REOs?

[Gene Kardos]

I am considering opening up a property management company that focuses on foreclosed homes that the banks still own. The plan is this:

-market to banks

-offer estimations on monies needed to make it sell worthy and hiring crews to do the work

-keep grass cut, etc.

-notify when previous owner moves out(the foreclosure process in Minnesota is a year long and they are talking about making two!)

-winterize homes for winter(we are in Minnesota and this is a huge issue here)

My question to all of you is do you think this would be lucrative business and are any of you doing this?

Not to mention this would yield great leads for personnel real estate investments!