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Old 01-14-2011, 11:21 AM   #1
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Originally Posted by ClevelandBronco View Post
I know this isn't the subject of the thread, but I've bought many thousands of dollars of real estate improvements and I'd never pay a dime up front. It's a good sign that the contractor doesn't have the money to fund his "business" (or what he's pretending is a business) and I just say, "No, thanks."
Heh. Well, I'll be the first to admit I don't. Times are tough on contractors. I don't always ask for 50% but I schedule fair payment intervals to make sure I won't take a bath if the client goes batty on me.
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Old 01-14-2011, 03:51 PM   #2
Stewie Stewie is online now
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Originally Posted by Phobia View Post
Heh. Well, I'll be the first to admit I don't. Times are tough on contractors. I don't always ask for 50% but I schedule fair payment intervals to make sure I won't take a bath if the client goes batty on me.
I had a buddy that went out on his own as a siding contractor. He was a hero for asking for nothing up front until the house that bit him in the ass. He had several thousand dollars in materials and labor on a house that ended up not paying. There was nothing he could do about that job since the siding was part of the house and worthless (and expensive) if he tore it off.
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Old 01-14-2011, 04:18 PM   #3
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Originally Posted by Stewie View Post
I had a buddy that went out on his own as a siding contractor. He was a hero for asking for nothing up front until the house that bit him in the ass. He had several thousand dollars in materials and labor on a house that ended up not paying. There was nothing he could do about that job since the siding was part of the house and worthless (and expensive) if he tore it off.
Yep, that's the side of the story most people don't get. If I walk into a store and take something without paying for it, it's a crime and I get arrested. If I hire a contractor and don't pay them, it's business and the worst thing that can happen is I can get a judgment against me. Either way it's ****ing stealing if you ask me.
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