Property management companies

[Micky 32]

I do some work for a property management company. There’s no contract. They just send me an email for a job. I do the job and send in an invoice and get paid by bank transfer at the beginning of the next month.

Lately they have been missing payments. Say i do 7 jobs in one month i might get paid for 4/5. In August i did only 3 jobs and i didn’t get paid for any of them. I did send an email to the accounts email but they never replied.

Anyone else ever come across this and how did you handle it? I feel like telling them that if it continues i’ll stick to private houses. It’s costing me money.

[electrofix]

well if you have not been paid for some since august you need to have a word

I lose the odd one but wont let it go back that far and keep working for them

see what they say on the phone and you have to say cash up front while the account is that far in arrears

also hope your upping the charges to pay for the risk etc . make sure you add at least £10 to cover invoice charges and waiting fot money

Dave

[stratfordgirl]

Typically, several things have to happen before you get paid – the agent has to process your invoice, the tenant may have to confirm the job is satisfactorily completed, the landlord may need to authorise the payment and the tenant has to pay their monthly rent, from which your bill will be paid, when the next payments batch is processed. Ultimately if the money isn’t there because the tenant falls into arrears, the landlord is responsible to pay your invoice.

A hold up in any of these steps can delay your payment, but the agent should have systems in place to manage this, so they should be able to give you a quick answer. 3 unpaid from August may suggest a failure at the first step, perhaps due to someone on holiday?

[ali_g12]

Yeah, it’s not long before you end up spending a lot of time on ‘credit control’ and then you realise you’ve got cashflow issues. I always have stragglers from 3-4 months back that I have to keep on chasing. They usually pay eventually.

[Kentish]

I would say 95{e5d1b7155a01ef1f3b9c9968eaba33524ee81600d00d4be2b4d93ac2e58cec2d} of my work is through property management. I use Quickbooks, and any invoices still owing after 30 days get a reminder sent through Quickbooks. A few times it’s got to 2 or 3 months, but agents that do that soon get told I won’t do anymore work for you.

[Author]

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