Any Info? New River Construction MI?? - REO Property Preservation Forum
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post #1 of 24 (permalink) Old 01-10-2012, 05:29 PM
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Any Info? New River Construction MI??

Contacted by company today. Wondering if anyone has experience with them?

Thanks!
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post #2 of 24 (permalink) Old 03-20-2012, 09:41 AM
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They do pay, it just takes 60 to 90 days.
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post #3 of 24 (permalink) Old 03-20-2012, 09:31 PM
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hi

60-90 days is bull,noone should work for these companies taking this long to pay.
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post #4 of 24 (permalink) Old 03-20-2012, 10:00 PM
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Quote:
Originally Posted by d+jhomeservices
60-90 days is bull,noone should work for these companies taking this long to pay.





You are correct, but this is the environment that is P&P.

MOST folks on this forum and else where simply do not understand.

Sure you can say no, KMA, I'm not going to work for that. Makes no difference to the companies that control the whole thing. There are 50 out of work guys waiting in the wings to take your place.

Not to mention that along with the slow pay is that the pay is very cheap. Break even if you are lucky kind of cheap.
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post #5 of 24 (permalink) Old 03-21-2012, 05:00 AM
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50 guys in line waiting for your work isn't true in all areas of the country. We have recieved the calls from Brokers when we kicked a National like Safeguard or FAS to the curb, telling us that they can't get their trashout done because the National can't find a contractor to do the work. Too many work order/photo/fine print requirements are keeping the good companies away and the inept around only until the first check (or part of it).
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post #6 of 24 (permalink) Old 08-03-2015, 04:00 PM
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how long does it take to get started with these guys?
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post #7 of 24 (permalink) Old 08-03-2015, 04:17 PM
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5 minutes, due to the way they operate they dont have a crowded inventory of contractors....
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post #8 of 24 (permalink) Old 08-03-2015, 04:29 PM
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i sent them my information on wednesday. how long does it usually take until i start jobs?
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post #9 of 24 (permalink) Old 08-03-2015, 08:05 PM
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more like how soon you will be bankrupt.
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post #10 of 24 (permalink) Old 08-03-2015, 08:50 PM
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60-90 days is pretty standard. If you aren't solvent this may not be the right industry for you.

We just completed a roof, siding, and drywall job. Sold it 45 days ago and got half down. That half covered Materials and labor. We had to wait 45 days for our profit.

We did a trash out and massive yard clean up direct for a bank out of Cincinnati total was around 11k. We had dump fees, labor, rental equipment, all that to pay up front that was in may. I'm still waiting on payment. It will come but just because it's a direct client doesn't necessarily mean quick pay.

In many businesses net 60-90 is common. I know Walmart, GE, General Motors, and several other companies stretch their contractor out to 120 days all the time.
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