I have a start up business and I was thinking about going with Safeguard Properties. I'm legal have all my insurances state licenses and so on in addition to 20 years of business management experience. After my initial investments I need both cash flow and to rebuild my working capital.
Safeguard seemed upon first look like a good source of cash flow and steady business. However, upon researching them I found out they have 1000's of federal pending lawsuits based mainly on their preservation work and mishandling of personnel property. In addition it seems that many vendors are unhappy with their nit picking and attempts to get out of paying their bills.
I'm interested in doing reo cuts for the remainder of the season and pick up preservation work in the fall. However, I can't afford to spend resources working for a company that isn't going to pay or cause collection problems on an above normal level.
Is anyone happy working for Safeguard Properties?