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:icon_sad: I was just browsing the forum and came across a post Titled "add these to the dodgey list". It was very disconcerting to find the company I get work from on this particular contributors list. Surety Lending Solutions out of Kenner LA. I've been doing work for them for the past two months. The first check came right on time ( 18$ insp. fee). However I have been flipping these houses for them to rent so the next few checks will be quite a bit larger. We are owed back payments on about $10,000. I am a little un-nerved by the post and was wondering how I should proceed. I hate to do any more work if they wont pay. As it is If they don't pay me I'll probably be shutting down the Prop. Pres. side of my company. Which is a shame because we just started the application process with PK who is holding all of the HUD contracts in my area (So I hear).No sense wasting the profit from my business on something that is giving no return. I have E-mails and Infield Express messages listing the work to be performed and the prices they agreed to pay. Is this a contract? If I completed the work I have the right to seek payment right? I have legal representation if need be but, being that he is licensed out of a different state than the home office of this company I am not sure if he could actually do anything. I have felt fine about our arrangement until this point. The field manager seems to be professional ( Well "seemed" I guess would be a better word for it, this last job made me a little iffy about him). Just freaking out a little. Thanks prestalk:censored:! What do I do? Surely the law will require them to pay for services rendered. Anyway what do y'all think?
 

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:icon_sad: I was just browsing the forum and came across a post Titled "add these to the dodgey list". It was very disconcerting to find the company I get work from on this particular contributors list. Surety Lending Solutions out of Kenner LA. I've been doing work for them for the past two months. The first check came right on time ( 18$ insp. fee). However I have been flipping these houses for them to rent so the next few checks will be quite a bit larger. We are owed back payments on about $10,000. I am a little un-nerved by the post and was wondering how I should proceed. I hate to do any more work if they wont pay. As it is If they don't pay me I'll probably be shutting down the Prop. Pres. side of my company. Which is a shame because we just started the application process with PK who is holding all of the HUD contracts in my area (So I hear).No sense wasting the profit from my business on something that is giving no return. I have E-mails and Infield Express messages listing the work to be performed and the prices they agreed to pay. Is this a contract? If I completed the work I have the right to seek payment right? I have legal representation if need be but, being that he is licensed out of a different state than the home office of this company I am not sure if he could actually do anything. I have felt fine about our arrangement until this point. The field manager seems to be professional ( Well "seemed" I guess would be a better word for it, this last job made me a little iffy about him). Just freaking out a little. Thanks prestalk:censored:! What do I do? Surely the law will require them to pay for services rendered. Anyway what do y'all think?
My advice is to stay on top of the invoices and payment terms. If payment is 45 days and you don't have it, resubmit the invoice stating that the payment is past due.

Also keep in mind, everyones experience is different and so is their work. If you are on the repair to rent side, that might be different from the PPO or inspection side of the business. I don't know because I don't personally work for them.

Here is general policy that I go by. I extend any new customer a line of credit to $2k to $3k with my business. Until they prove worthy of remitting proper payment amounts on time, that is all they are getting. Afterall, your client is asking you for a revolving line of credit. You won't get that from a bank without an application and credit check so why should my company give you one??? It's worked generally pretty well for me.....

Also, I have no first hand knowledge, but alot of the reading that I have done tells me that you should proceed very carefully with PKMG. Good luck :thumbsup:
 
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