non payment - REO Property Preservation Forum
 
LinkBack Thread Tools Display Modes
post #1 of 6 (permalink) Old 05-31-2016, 03:20 PM Thread Starter
Junior Member
 
Join Date: May 2016
Posts: 27
Thanks: 20
Thanked 0 Times in 0 Posts
non payment

does anyone know how to get their money from a company that wont pay. Am a sub contractor
jrata is offline  
Sponsored Links
Advertisement
 
post #2 of 6 (permalink) Old 05-31-2016, 06:16 PM
P3+
Motivator
 
P3+'s Avatar
 
Join Date: Aug 2012
Posts: 267
Thanks: 41
Thanked 166 Times in 79 Posts
You are already working for a:
Subcontractor
For the class of mathematical functions, see Subcontraction map.
A subcontractor is an individual or in many cases a business that signs a contract to perform part or all of the obligations of another's contract.

A subcontractor is a person who is hired by a general contractor (or prime contractor, or main contractor) to perform a specific task as part of the overall project and is normally paid for services provided to the project by the originating general contractor. While the most common concept of a subcontractor is in building works and civil engineering, the range of opportunities for subcontractor is much wider and it is possible that the greatest number now operate in the information technology and information sectors of business.

The incentive to hire subcontractors is either to reduce costs or to mitigate project risks. In this way, the general contractor receives the same or better service than the general contractor could have provided by itself, at lower overall risk. Many subcontractors do work for the same companies rather than different ones. This allows subcontractors to further specialize their skills.
P3+ is offline  
The Following User Says Thank You to P3+ For This Useful Post:
jrata (05-31-2016)
post #3 of 6 (permalink) Old 05-31-2016, 11:10 PM
Senior Member
 
Join Date: Mar 2013
Posts: 666
Thanks: 124
Thanked 336 Times in 182 Posts
You must ask yourself if the client is worth losing

In my case even working directly for NFN, I decided they were worth losing. You working third party, I can assure you they are likely worth losing.

I found it somewhat easy to collect from NFN with a good demand letter, they tried to give me a run around, but with just a well written demand letter, they gave up and paid me.

If I were trying to get money from a sub, I would send them a proper letter, and I would let them know I will be sending a demand letter to NFN also. Here is the link [email protected]

Additionally I would let NFN know I would be sending a letter to their client, if you keep good records you should have all the information you need on your work orders.

The first thing to do is tell your guy, that late orders past a certain date will be billed a HUD rate.
Ohnojim is offline  
The Following 2 Users Say Thank You to Ohnojim For This Useful Post:
jrata (06-01-2016), MPSFIRM (06-01-2016)
Sponsored Links
Advertisement
 
post #4 of 6 (permalink) Old 06-01-2016, 07:46 AM
Existing
 
MPSFIRM's Avatar
 
Join Date: Dec 2015
Location: Florida
Posts: 54
Thanks: 55
Thanked 25 Times in 16 Posts
As previously stated, a good demand letter is a good start. As well as review your contract, see if there is a lien clause in it. If not and you are done with the company a lien is always an option, doing this will force their client to put pressure on them to pay you. When we were starting out years ago we had to threaten a lien only once. Typically once you say you will contact their client they will cave.
MPSFIRM is offline  
The Following User Says Thank You to MPSFIRM For This Useful Post:
jrata (06-01-2016)
post #5 of 6 (permalink) Old 06-01-2016, 08:18 AM
2+ years exp
 
Join Date: Apr 2015
Posts: 61
Thanks: 3
Thanked 13 Times in 12 Posts
I'm off to small claims court myself for a similar situation. Tried to pick up another regional and they are trying to screw me out of $5K. I've got all the work orders, plus my spread sheets, and every email/txt they sent me to show the judge. I can't wait to see what their excuse will be in court.

In the mean time I've since moved to SC and am starting up with a Client with a good rep tomorrow.
Newbie is offline  
The Following User Says Thank You to Newbie For This Useful Post:
jrata (06-01-2016)
post #6 of 6 (permalink) Old 06-01-2016, 09:56 AM
Damage Restoration
 
Join Date: Dec 2012
Location: Whidbey Island, WA
Posts: 185
Thanks: 374
Thanked 74 Times in 43 Posts
Quote:
Originally Posted by Newbie View Post
I'm off to small claims court myself for a similar situation. Tried to pick up another regional and they are trying to screw me out of $5K. I've got all the work orders, plus my spread sheets, and every email/txt they sent me to show the judge. I can't wait to see what their excuse will be in court.

In the mean time I've since moved to SC and am starting up with a Client with a good rep tomorrow.
hey newbie, good luck with the court thing, im pretty sure the whole "well we didnt get paid so your not gonna" BS wont fly in court. let us know how it goes
All Island Handy is offline  
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the REO Property Preservation Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome