Lets talk money ?

Unfortunately, they have the "Cop and lock" attitude. If they tie the bond up, then you don't get it. They string the payments out and they have full time staff hammering out collections. Around here, we call this running a wheel, and it requires constant volume of bonds to keep it spinning. If something out of your control jumps up to disturb this process, such as pre-trial, then the wheel is your impending death in this business. I write tightly and am not busting my but to NET the same amount of money that other people are busting their butts to achieve, to include all of the additional overhead that is required. Know your costs of goods sold, keep it lean and mean, run a tight ship and you will sit back and watch these wanna be experts come and go. I don't care what your company grosses, that does not impress me. I want to know the ROI and the net, that impresses me.

Scott

_________________
R.E. "Scott" MacLean III

"Leaders are like Eagles, you never see them in a flock, but one at a time"

Chesapeake Group Investigations, Inc.
Chesapeake Bail Bonds
877-574-0500
301-392-1100 (fax)
301-392-1900 (Office)

YEP! Let them write themselves outta business. Stay true to ones' own Integrity and we shall be the ones left standing

_________________


Do not consider anything for your interest which makes you break your word, quit your modesty, or inclines you to any practice which will not bear the light, or look the world in the face .... Marcus Antonius

I AM Some Folks "KARMA" and A MODERATOR @ FRN

I would certainly hope so but I just can't figure these idiots out.... they may be posting agents anyway and may not be in the business more than a few months... although I can't figure how they even justify the $1200 license fee and all the other fees involved in obtaining entry into our business??? It just doesn't make any sense to me??

Well, my business sense obviously is rather shallow so maybe there is a method to their madness??


added later>>>>>>>>>>>>>>> Scott, you are so perceptive... you spell it out so clearly... I know that when I make a shallow statement related to any related facts in our business... you and Tony and your buddy in Tenn and other un-named here.... will step in and provide excellent info.... my job on here seems to be, to occasionally start a thread and if it is pertinent... you and the boys (yes and girls too) will clear it up with great info...

When I retired from my 'big truck' in January of '07... I told Gail... if I can write just $20K a month, that is all I need for my few toys... so I don't need those big figures to survive.... I am happy to say I have done far better than I thought, but recent activities in our business are troubling.... thanks for your input, your words are soothing, informative and always on the mark.

_________________
Bill Marx, Sr.
"FREE STATE BAIL BONDS"
"FREE STATE INVESTIGATIONS"
DCJS: 99-176979
Cell: 434-294-0222

"Endeavor to Persevere" "Lone Watie"

"Good judgment comes from experience, and a lot of that , comes from bad judgment" "Will Rogers"

All states need to be like Indiana for premium paid at time of writing of bond, No A/R's to have to collect. It is a class C felony to not collect full premium. This puts everyone on the same page and playing field.

Does anyone know how many states are like Indiana?

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The Rose Investigations LLC
Collection Agency
Security & Investigations Consultant
Retired Private Investigator & Bail Enforcement
NAM VET 1969- 1975 US Army (RECON)
Office 260-220-3877
1-888-631-5520
Fax 260-456-6062

Dave,
Can you send me directions to Indiana? Is it ever warm there?

Love,

Scott

_________________
R.E. "Scott" MacLean III

"Leaders are like Eagles, you never see them in a flock, but one at a time"

Chesapeake Group Investigations, Inc.
Chesapeake Bail Bonds
877-574-0500
301-392-1100 (fax)
301-392-1900 (Office)

CA tried to get a law passed that would require at least 50% up front, real estate as collateral on any financed bonds and the balance had to be paid within 18 months.

Several large bail companies and a few sureties fought against it and won.

As far as I know, Indiana is the only state requiring proof of premium paid in full up front.

It is never warm here as far as i am concerned. I have a hard time watching folks buy $25 and $30 thousand dollar Harley's and you might get to ride 5 months and that would be stretching it. It stays overcast and gray for seven months out of the year. We got a little snow a few days ago. You would get old and lazy with full premium paid. I have read that many counties in Md. & Va hold more of the people with money than anywhere in the U.S. is this old money.

Tony your bonds out there in the Re pubic of Ca are very high, $50,000 for jay walking, nobody could come up with all the cash out there.

I lived in San Pedro-Long beach area for a few years, even had my white butt in Wilmington for a while in my Teens, that's where i got my street training at, fighting for for my life.

_________________
The Rose Investigations LLC
Collection Agency
Security & Investigations Consultant
Retired Private Investigator & Bail Enforcement
NAM VET 1969- 1975 US Army (RECON)
Office 260-220-3877
1-888-631-5520
Fax 260-456-6062

I have noticed that those "cut throat" bail companies in my area have a very large percent of jumpers and a lot of pay out..

_________________
Chris Rowland Bonding
615-895-3438
Serving Rutherford and Cannon Counties (Tn)
www.crbonding.com

Steven Prater
Agent
615-653-7773

This business is mostly self correcting. We always have problems with people gettin in the business and writing bonds with nothing down. It always, sometimes takes longer than you like, bites them. Once they have to start chasing and dont have any money to do it with.

We recently did a lot of work for what we are hopeful wil be a new law on bonding in MO. It was suggested that we require 10%. Im dead set against it. Im conservative to the bone and do not like government telling me what I can charge for my services. Plain and simple.

Give the cutthroats time, they will slit their own.

Andy
What do you, or are you allowed to charge currently? Are you writing property or insurance? In MD. we have to charge 10% if we write surety. For Property, we can charge what ever we want to, as long as it does not exceed 10%. We are not allowed to charge for fees, travel or other expenses at the writing of bail.

Scott

_________________
R.E. "Scott" MacLean III

"Leaders are like Eagles, you never see them in a flock, but one at a time"

Chesapeake Group Investigations, Inc.
Chesapeake Bail Bonds
877-574-0500
301-392-1100 (fax)
301-392-1900 (Office)