Compliance Depot

Terry Campbell

Terry Campbell

Member
Has anyone ever had to sign up for this service to do work as a Vendor?

I have been doing work for a Apartment Complex and I have to say they are the SLOWEST PAYING customer I have ever had and now I get a letter saying I need to sign up at Compliance Depot to do work for them and that outfit wants to charge me $95 Bucks to be a vendor? WTH is this all about.

I'm not really sure I want to pay them Squat to wait 90 to 120 days to get payed, I see a SCAM going on here myself.

So does anybody else deal with this company? Compliance Depot......
 
I did it a few months ago for an apartment complex. The complex paid the $95. It was a pain, but the job was $5000. I would do it again.

Every situation is different. I asked the same question on here back then, most people were not happy with them. They require the language on the certificates to be very exact and you will probably need to submit them 2-3 times.
 
The funny part is I have been doing work there and did not have to join and did not even know what it was. But I call the Manager that hired me and she says she will get me payed. I'm not joining, it is not worth it to me as I only do this place 1 or 2 times a year and don't really need the headaches in getting payed from this place. I can no longer work there if I don't join so I guess they can hire the same companies that do bad work like they use to get. To me it is a Shakedown to make the contractors pay for there papaer work so they don't have to. Not enough call for it around here to me to make me pay them to get payed.

OH well one customer that does not pay on time down the tubes :yikes: :yes:
 
What a scam they are. Search for that last thread about them to hear more. I had on customer use them and I told him no thanks - they made an exception for me. They're like a parasite and I remember their website trying to sound like they had something to offer for your $95.
 
Comp Depot is just a service some large apartment management companies use to make sure you have the insurance THEY require you to have. The $95 fee just add it to your next washing

Depending on what company insurance requirements are its no big deal. I signed with them I had to for a 8K job and had to add about $400 in insurance. Its a pain, but I made a good profit so its just part of doing biz

Is the apartment company Greystar? theres a couple more I know of

Comp Depot isnt there to help the contractor, they are for who hire them and they keep he prices down for their customers by charging us $95. You will see them at NAA convention and could be thing of the future, less insurance paperwork for the Apartment company, Comp Depot does it all for them
 
Just do it if you have to. The management company can't do some paperwork? Thats part of their job. Charging the contractor just rubs me wrong. And acting like they're keeping prices down for their customers by charging us is dumb too - what contractor being told he has to pay to do a job is not going to kick that fee right back to the company?
 
It Rubs Me RAWWWWWW to have to pay them to do their work. Crazy Scam I say.
I have enough work that I may not do it and let somebody have the work, it is not like I will get rich off their jobs anyways and it takes for ever to get payed.
 
tomtucson said:
Just do it if you have to. The management company can't do some paperwork? Thats part of their job. Charging the contractor just rubs me wrong. And acting like they're keeping prices down for their customers by charging us is dumb too - what contractor being told he has to pay to do a job is not going to kick that fee right back to the company?
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I agree its dumb and wrong, but sometimes you have to play the dumb a*s game or not, it's up to the contractor. I am doing it for that $8K job I did and pushing for many other complexes, that could turn out to be 10's or hundreds of thousands dollars more worth of work

If you look who is signing up for Comp Depot, its not the owner of one or two Apartment complexes its huge companies, go look at Greystar in just part of California, http://www.greystar.com/Greystarpro...lng=&Beds=-1&Baths=-1&distance=500&Community= if some contractor could service just some of these its worth the $95 and extra insurance

Its not for everyone and like I said I would like to say NO I am not going to pay for Comp Depot

My marketing can take weeks, months or years to pay off, but it usually pays off sooner or later, if not I change and drop things

Its there rules and if you want to work for some of them, you have to follow their insurance rules. Some of these management companies are more than management companires, look up RIET's they manage, invest, buy and trade on the stock market. They are a lot more than just a management company. its huge business apartment complex investment

I use to never go after apartment complexes, they often want cheap and dont clean regularly, but not all of them, theres contractors out there that work for these guys and make big bucks. But might not be worth it for a one time deal
 
Terry Campbell said:
It Rubs Me RAWWWWWW to have to pay them to do their work. Crazy Scam I say.
I have enough work that I may not do it and let somebody have the work, it is not like I will get rich off their jobs anyways and it takes for ever to get payed.
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Terry it bugged me too and was going to pass, but decided to do it and I actually had to pay twice for two different companies and one I have not got the job, no one has yet
I'm not sure I would call it a scam, but it may be scummy that the contractor has to jump through hoops

Do what you think is best for your company
 
I hear you Jeff, I just don't do a lot of Apartments and this place is so slow to pay in the first place. I'm not sure right now if I want to join. I have a Very Large Bid out right now and if I get it I won't have time to even do this place.

If I did this complex more then 1 or 2 times a year it would be different, They do have about 5 other complexes here in town but I have not done any work for them.

I will wait for this Big Bid to come in before I do anything.
 
Great....sounds like I'm gonna get bent over on this one.

Never done commercial save for this deck job I just scored at an apartment complex, they require compliance dept. Does compliance dept control the payment or are they just the company that confirms minimum criteria for insurance, etc

Kinda pissed at the 95 dollar processing fee, I'll tack it on the bill I guess.
 
Seriously $95 is a drop in the bucket. If you can not afford it and are going to complain go ahead and sell your equipment now. Once your ins info and business info is verified then you are on their qualified vendor list for thousands of properties across the country all for you guessed it $95. The only pain in the butt part of the process is updating your certs when they expire because they hound you with calls and emails.
 
I don't like them or their worthless service. They are a parasite and provide nothing of value. I don't want to support them or encourage their use..
 
tomtucson said:
I don't like them or their worthless service. They are a parasite and provide nothing of value. I don't want to support them or encourage their use..
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If the client says you need to go through them to get paid on a 4000 dollar job, it doesn't much matter what you or I think.

William, thanks I thought about you after I already signed up. I'm gonna check and see if my stuff matches their requirements (I think i need some umbrella policy addition), and hopefully ill go through easily. If I run into problems I'll give you a call. Thanks
 
bigchaz said:
If the client says you need to go through them to get paid on a 4000 dollar job, it doesn't much matter what you or I think.

William, thanks I thought about you after I already signed up. I'm gonna check and see if my stuff matches their requirements (I think i need some umbrella policy addition), and hopefully ill go through easily. If I run into problems I'll give you a call. Thanks
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This is why parasites like this still exist. If contractors demanded that the customer pay this fee or NO BID these parasites would be fired.

What's next $300 to a Urine Test company? $200 for a "driving record'? $250 for a psychological analysis?
 
They are a complete scam. Scamming the Property managers mostly. I comply with or without the compliance middleman involved. If they are working for the Property Manager, then the property managers should pay the bill. The worst is that they want you to pay irregardless of whether you got the bid. So, all the losing bidders are out money for absolutely NOTHING. You either comply or you don't. These property managers do not need a middleman. And if they want the middleman to ease thier work load, then they are the ones benefiting and should also be paying the fees.

PM's should understand that they either can use an in-house employee verify our info or HIRE an outside company to do it for them. We do our own due diligance by purchasing insurances and registering our companies. The expense of a company that wants to verify our claims of "insured, licensed" should fall on them. We should never have to PAY thier outside verification company. Comp depot works for them, not us. It is thier client, and thier client should be paying. They are using strong arm tactics with vendors. Either pay them or not be considered "eligible" to bid on projects.

I too, will pay $95 for a signed contract. But won't pay $95 to a middleman to check that I am INDEED compliant with a PM's requirements without first having won the bid. They try to collect $$$ from each vendor trying to bid BEFORE they have won a bid.

I TOTALLY get that being compliant with these requirements eliminates a butt load of competition. But I am COMPLIANT irregardless of Compliance Depot in the middle collecting a paycheck from me. I feel that if a PM is using a middleman to FREE up thier busy schedule, then it is they that should be footing the bill. As I said, if we are compliant or can be compliant, then what has the middleman really done for us? Why are we paying for the middleman to HELP the PM's? And it isn't that a hudred bucks is a big deal to some contractors. It is just a big deal to pay for a middlman to see if I comply without getting the contract. Because we comply either way. No need to pay a third party to prove it. They are doig the legwork for the PM, not us. The PM should pay.
 
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