As foreclosures continue to mount and unemployment continues to increase, it's only natural that the media would begin to focus on the property preservation business opportunity. It's one of the few sectors where business is booming, so more and more people are interested in finding out more about it.
For example, in an article from September 20th, “The News and Record of Greensboro” newspaper zeroed in on some North Carolina foreclosure trash out businesses, including Junk King, run by Matt and Drew Hambright, and Junkyard Dogz, operated by Thad Loftin.
In 2005, when Loftin began his business, he went to ask a local bank about foreclosed homes in the area that might need cleaning out. He was told there was usually only about one foreclosure per year. 2009 is a totally different story – with 343 foreclosures in one month alone in his area. The Hambright brothers have a similar story. They began by cleaning the junk from new construction sites – now, at least a third of their business is foreclosure trash outs. The other property preservation article that will be mentioned here can be found in a very unly place – Salon.com, a liberal political website that's been around almost as long as the World Wide Web itself.
Usually on Salon, you mostly find articles boosting Obama and bashing the right wing – but they're currently running a series entitled “Pinched,” about how people are making ends meet during the recession. In this case, author Cindy Reid has written about her experiences performing foreclosure trash outs in a piece entitled, “What's Left Behind.”
Seems her boyfriend runs a property preservation company in South Carolina – and Cindy, out of work, decided to start working alongside him. She relates how the toll of the increasing workload as the foreclosure rate started to mushroom began to affect their relationship.
“At the beginning, Joe and I were oh-so-polite to each other on the job. America … But the good manners wore away as the housing market meltdown tripled our workload.
Funny thing though. Cindy tried to change careers – then found she liked her old one too much!
“At one point I left the repo field and took a” good “professional job. But I missed the work. I missed pulling up to a house and wondering what was inside. I missed the physical labor. and the uncontrollable laugh that rises when you are sweat-soaked and exhausted and the funniest thing you have ever seen is someone spilling used motor oil all over their clothes.
If there's anything that the tale of two Carolinas tells us, it's that property preservation is booming all across the country – and it's worth exploring as an alternate career in those bad economic times.