Originally Posted By: aleleika
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Joe…This is a cash business, meaning, payment due upon services rendered. This is my opinion. When I am scheduling the inspection with the client I always inform them to bring a check for the amount of the inspection. I have never had a buyer batt an eye at this. The only time I have ever accepted payment at closing is from a lender who needed a “Cost to Cure” inspection, and those closings are ussually within a week of that inspection because they saw something on the appraisers report that they want a residential Home Inspector to look at. And also Draw inspections I have waited payment on.
Joe it is your decision if you want Receivables or no Receivables....that is a business decision you need to figure what works best for you. At the very least you may want to re- think the 60 days down to 30 or 15 days Net then 1.5% after.
And by having the client pay at time of the Inspection, I don't have to worry later about the uncomfortable phone calls trying to collect on a timely basis...I get to use that time for more marketing.
A. Dan Leleika