Join Date: Sep 2012
Thanked 255 Times in 114 Posts
So I recently had a conversation with someone from a "property preservation" company that was looking for a contractor in my area.
I explained that I was going to be very upfront and one of the things was that we required payment within 40 days.
They explained to me that their payment system is 75 - 90 days and that is average. No it is not, the 2 nationals I do work for pay within 40 days.
I explained that after 60 days if we are not paid then we can't lien the property. I loved their response " you are not allowed to place liens on the properties", guess what, you don't pay me I lien.
After being in this business for a while I truly believe that the reason that some companies try to drag out the payment is just for that reason, that they know that even if they don't pay you the time frame for liening a property will have expired.
Just my thought of the day.