Sometimes this business can be so easy!
We just received two checks totaling $1600 and the initial amount of time put into it was literally five minutes!
I have to admit, total time involved with follow up including making up invoices may have been about half an hour, but still that’s not a bad hourly rate!
I’d like to show you the steps involved so you can see how easy this was.
First, I pulled up a list of unclaimed funds from one of the many counties that post their unclaimed money information online, very easy. The list below has been edited to just the two properties in question.
Once I had that information, I did a Google search of the name and address. It didn’t give me the the names on the list, but a property management firm instead.
So, I went to the property management firms website and filled out the form on the contact page mentioning the two locations listed, letting them know they had unclaimed money being held for them, and asking if the property management firm was associated with them.
Then I hit send on the contact form.
My phone rang two minutes later!
It was the CFO of the property management firm letting me know that they were indeed associated with the two locations in question.
He understood all about unclaimed money and had recovered some himself for the company. He didn’t know where the money was being held but knew that we did. He also knew we weren’t going to give him any information unless we had some type of agreement in place.
When he asked what our fee was and heard 10%, he thought that was more than fair.
I told him I would send out an agreement and a power of attorney. However, he didn’t want anything to do with a power of attorney.
I explained to him that this was only a limited power of attorney that allows us to speak to the county on his behalf. He replied that after signing our agreement he would take care of everything himself.
Can you believe that? Here we are willing to do all of the work for them for our share and he would rather do it himself!
I said OK, once we have the signed agreement I’ll send the claim forms so you’ll have all the information you need to get your money back.
I asked if he would just give us copies of the checks and when we have that we’ll send out our invoices.
So I sent our simple four sentence agreement for this (we have different agreements depending on the state or agency) and we received a signed agreement a few days later. You can see agreement examples in the The Ultimate Guide to Your Successful Unclaimed Money Business.
Then, I sent the two claim forms for each of the properties. Here is an example of one of them (by the way, you’ll notice I clicked “no” for “Are you a professional finder?” This is because the client was submitting the paperwork. If we were submitting it, I would click “yes”:
Then it was just a matter of sitting back and waiting!
It took a little bit longer than usual for this county because of the differences in the company names involved and the proof that had to be submitted but in the end it worked out as it should.
A few months later the CFO emailed me copies of the checks he received:
We sent out our invoice (also found in The Ultimate Guide to Your Successful Unclaimed Money Business) and couple of weeks later we had our checks:
It took longer to make this page than it did to make the $1600 above!
Do you think you can do this? Do you see how easy it is? Go to the Opportunity page to learn more!