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TCF402: When to Take Out a Lien with Karalynn Cromeens
Collecting payment for the work you’ve done shouldn’t be complicated, even when it’s past due. Tom’s guest today is Karalynn Cromeens, creator of the Subcontractor Institute and author of the new book Quit Getting Stiffed. Karalynn explains everything you need to know about liens and why they’re a great collection strategy to get the money you deserve!
In this episode, we talk about…
- What a lien is and why you might need one as a contractor
- Understanding your rights, remedies and when it makes sense to take out a lien
- Details about the lien process and knowing your state’s requirements
- The importance of having a plan and all paperwork in order
- Collection strategies and why communication always matters
- What inspired Karalynn to write Quit Getting Stiffed
- Advice to be likable and remember you can’t be the collector and salesman for your business—outsource collection!
- Karalynn’s experience as a Contractor Fight Coach
- Protecting the trades and information about the Subcontractor Institute
Links to resources:
Quit Getting Stiffed: https://geni.us/QuitGettingStiffed
Subcontractor Institute: https://subcontractorinstitute.com/
Lien Laws in Your State: https://subcontractorinstitute.com/lien-laws/
Cromeens Law Firm: https://thecromeenslawfirm.com/
Quit Getting Screwed: https://www.amazon.com/dp/B08QMBBLLS/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
Quit Getting Screwed Podcast: https://the-quit-getting-screwed-podcast.castos.com/
Contractor Growth Network - TheContractorFight.com/CGN
The $100k Contractor is designed to get you to at least $100k a year in personal income. It’s time we quit stealing from our families and get that time back! https://thecontractorfight.com/100k
Order Your Fight Planner – https://thecontractorfight.com/fight-planner
The Contractor Fight Facebook Group – https://www.facebook.com/groups/thecontractorfight/
The Contractor Fight Night – https://thecontractorfight.com/fightnight/
The Contractor Fight TV – https://www.youtube.com/channel/UCEWHDzg1Tnogow9uAL3YESw
Published on 4 years, 3 months ago