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[+] Lenders First / Tx - LAWANDA  MCMILLIAN/AR (3 replies)
8/7/2008 9:13:54 AM (3466 views)

[+] Hit & Run Title Scam - a crime at what point? - Will Boyles/WI (3 replies)
8/6/2008 11:59:13 PM (5950 views)

Maintenance notice on sourceoftitle.com - Slade Smith/OH
8/6/2008 8:21:04 PM (2520 views)

[+] FNF buys Mercury's Colorado ops, not first am - Jeremy Yohe/OH (1 reply)
8/5/2008 11:04:24 PM (3614 views)

[+] Finiti - JOSEPH EMERSON/MN (15 replies)
8/5/2008 10:37:58 AM (4284 views)




[+] Contemporary Realty Solutions, Inc - Cliff Boltz/VA (8 replies)
8/4/2008 3:42:43 PM (4803 views)

[+] Mercury selling CO operation to First Am - Diane Cipa/PA (8 replies)
8/4/2008 2:56:43 PM (3459 views)

[+] Fair Warning on Title Trackers of Texas, L.L.C. and Ameristar - David Keeling/TX (6 replies)
8/4/2008 11:50:48 AM (4812 views)

1st Residential - Smitty Strickland/SC
8/4/2008 10:13:32 AM (2746 views)

[+] Title Stream - Dinah  Stallworth/LA (4 replies)
8/4/2008 9:38:40 AM (3461 views)

Not a business major/LFC example - Mike/KS
8/3/2008 12:34:35 PM (2836 views)

[+] Examnet / Ontitle? - Dan Zook/NY (4 replies)
8/1/2008 2:04:04 PM (3603 views)

[+] clear title - cynthia heed/TX (2 replies)
8/1/2008 12:34:16 PM (3237 views)

[-] Mileage Reimbursement? - Melinda Barcum, J.D./AL (15 replies)
7/31/2008 7:44:28 PM (3557 views)
Re: Mileage Reimbursement? - Ron McPherson/IA
8/1/2008 2:23:19 AM (3193 views)
Re: Mileage Reimbursement? - Kate Cone/ME
8/4/2008 8:20:32 AM (3010 views)
Re: Mileage Reimbursement? - Dinah  Stallworth/LA
8/4/2008 9:24:49 AM (3051 views)
Re: Mileage Reimbursement? - charles jetter/OH
8/1/2008 3:52:24 AM (3108 views)
Re: Mileage Reimbursement? - michael quinn/NY
8/1/2008 6:10:28 PM (3014 views)
Re: Mileage Reimbursement? - charles jetter/OH
8/6/2008 7:41:48 AM (2933 views)
Re: Mileage Reimbursement? - Dan Zook/NY
8/1/2008 9:46:25 AM (3254 views)

It is a very tricky balancing act for us.  The last county we added was over a year ago, and in addition to the 20 minute drive there is a $5 bridge toll (Marin County California).  Initially we talked to our clients to make sure we had work there and then crunched the numbers to make sure that we could at least break even.  In some cases the client allowed us to add a bridge toll, but in morst cases our clients wouldn't tollerate any "travel realated" charges.

What we have found is that in most of the more 'out of the way' counties (if you can call any location in the San Fran Bay area out of the way) clients are already accustomed to paying more.  Even abstractors that live locally in Marin charge more money due to their lower volume allowing us to price comparably and still make enough to cover milage.

The most difficult part is determining profitability - time, milage & staffing vs. payment.  In some cases we have tried (unsuccesfully) to develop correspondent relationships in the more rural counties - in all those cases we ended up simply refering our clients to the local abstractor.

I also wrestle with ethical concerns.  Any time we step into a new county we are taking work away from someone else.  We always work to be competetive and not devious and I try not to think of the new business we get as stealing food out of someone elses mouth.

This probably isn't very helpful ... sorry & good luck!

 

 

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Re: Mileage Reimbursement? - martha campbell/VA
8/4/2008 8:20:28 AM (2926 views)
Re: Mileage Reimbursement? - Melinda Barcum, J.D./AL
8/4/2008 10:04:49 AM (2978 views)
Re: Mileage Reimbursement? - Rob  Robinson/PA
8/5/2008 10:01:46 AM (2913 views)
Re: Mileage Reimbursement? - charles jetter/OH
8/6/2008 7:51:10 AM (2957 views)
Re: Mileage Reimbursement? - Janis Talbot/SC
8/11/2008 8:32:46 PM (2841 views)
Re: Mileage Reimbursement? - Robert Franco/OH
8/11/2008 8:52:16 PM (2943 views)
Re: Mileage Reimbursement? - Ron McPherson/IA
8/12/2008 12:24:43 PM (2903 views)
Re: Mileage Reimbursement? - Janis Talbot/SC
8/13/2008 8:28:45 AM (2840 views)

[+] Title insurance claim - Dave Pell/GA (10 replies)
7/31/2008 2:13:39 PM (3456 views)


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