Posted by mwm143 on 4/18/10 2:55pm
Msg #332255

NREIS...continued

It's interesting how some will stick up for a company that is 120+ days past due to many notaries. While their intentions may be good (and then again maybe not) It's going to be very difficult in this market and economy for a company to catch up and get current while owing so many. The more delinquent NREIS becomes, the less notaries are going to be inclined to take the appointments. NREIS becomes forced to use the notaries at the bottom of the list. Quality decreases. NREIS loses clients. Less income coming in.... Many companies which have gone under once operated with a 5 star rating.

Good luck collecting to everyone who is owed.

Reply by GOLDGIRL/CA on 4/18/10 3:38pm
Msg #332260

I think it's also a question of just how much patience/tolerance a notary has for this kind of stuff. I used to be trusting, optimistic, believing, hopeful, happy until I got burned too many times. Now I just want my money, and I know the longer I have to wait for it, the less likely it is that I'll get it. I really really miss working for NREIS, We go waaaay back. I gave them several chances, which is more then I do for anyone else - and then I pulled the plug - the lesser of two evils, you might say: fretting over when and if they'll ever pay and what I'll say if they call for another job, or just saying no more. NREIS is the only one that I wonder if I'll live to regret it. Then again, I'm not going to worry about it too much. But to those sticking up for them - good for you and more power to you!

Alot also has to do with your business. Are you satisfied with what you've got or do you need every job that calls? Are you younger and building a career out of this or have you been in this a long time and know the ebb and flow of things? Do you have the temperament to deal with late/no payers?

Reply by Susan Fischer on 4/18/10 11:39pm
Msg #332297

Good points, GoldenGirl. It does depends on cash-flow, and

how we create and manage income streams, budget expenses.

Truth be told, in this market today, I would have eked it out as a single mom with a $375 mortgage plus the household operating budget 30 years ago, but it would have been really tight.

And the stress of collections is a burden of every business owner, as opposed to the budget certain of the 9 To 5 grind.

Personally, I've always been happiest working for myself - I'm the best boss I ever had. Certainly not perfect, and aren't we always hardest on ourselves?

I guess I consider NREIS a do-able risk. More likely than not to survive, based on a long business relationship, and a gut faith.

I know I've made payroll and taxes before I paid myself over the years, and I appreciate that commitment to getting back in the black. Not an easy road, but worth the destination.

Reply by BossLadyMD on 4/19/10 3:15pm
Msg #332349

susan, please...folks just want their due payment

Basic math skills and the ability to draw stick figures is all that is required to understand what a 120-day old overdue invoice means:

$$ for fuel + $$ for paper and supplies + $$ for time =

And you really should inquire about monetary compensation for your unwavering endorsement of NREIS. Maybe that's why your payments are always on time and everyone else is getting the run around.