Dirty Small Secret of Getting Paid in Property Preservation

Posted by iastitlesearch on November 13th, 2018

The challenge of getting paid for Property Preservation services has become more frequent in just the past two years. This is a nationwide issue. Once a service provider does not get paid it is after the reality and there is only the recourse of filing liens and preventing the "good" battle. But there is also the problem of before the reality. How does a service provider as certain he will get paid?

This is a query that every service provider, today asks independently, each and every time they sign up with a new property management company. Companies have to keep taking on new clients because they can only make money if they take the work orders in quantity.

What can they do "before the truth?" A good organization decision would be to get a considering company. A considering company expenses one to two percent, but it is well worth it in this author's opinion. One to two percent opposed to not getting paid should not even require a calculator to make that choice. The benefits with a considering company is, if they do not pay, the factoring company then goes after them for the money because you have already been paid.

It would seem to be the best way to minimize the possibility when there are so many property management companies appearing daily and you have no way of understanding who will or will not pay their companies. A Property Preservation services contractors must do what is required to survive in the Mortgage Field Services industry today or be out of business.