When Do The Banks Pay?

by Nick Henderson
(Tyler, TX, USA)

How long does it take for a bank to give you your money after cleaning a property?

I've heard a lot of people say the banks take forever to give you your money...

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Jul 12, 2013
Getting Paid In The Foreclosure Cleaning Business
by: Pauly

Hello Nick,

Thanks for posting your question. I first want you to understand that the money doesn't come directly from the bank but it is the source.

The funds transfer from the bank to your client and finally to you. This is why it takes a while sometimes to get a check for your services.

But I really don't know what your definition of "forever" is.

The standard in the foreclosure cleaning business or property preservation industry is typically 30 days.

Remember, this is YOUR business. You are not an employee. Businesses generally recognize each other as entities and transact with each other in a different manner than an employee handing in hours and expecting a routine timely payout for services rendered.

Some of your clients may pay every two weeks while others can take up to 2 months.

You really need to look at it this way...

Let's say you upload your after photos to your client. They now have to process them. They then upload them to the bank. Now the bank has to process them and justify your services based on your bid. They approve the work you completed and start the approval of payment.

Now your client has been paid and when the funds clear they will issue you a check.

Here's one last thing I want you to consider as a business owner. This is YOUR company and you are building your own "empire" (if you will)and it's not so much important as to WHEN you get paid but that you DO get paid...And you will get paid.

Because once you've been working a month or two months and you stay steady then the checks will keep rolling in one after another like piggy-back.

Then it doesn't matter to you any more about WHEN you get paid but that you now have money for you and your family and the funds to take your company to new levels.

So waiting a little bit longer for payment and continuing to focus on building a successful business based on professional quality and efficiency will propel you to hire more workers and gain new clients.

Hope this explains it a little,

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