The same thing happened at my company. These guys racked-up almost $20,000 in charges then stopped paying.
At first they were OK, but then the short pays and no pays started happening just like everybody is saying.
These guys are class-B snake oil salesmen. Don't do any business with them or you'll be sorry.
That Lance P. promised to pay my boss after week after week and month after month of delays. It was about $31k. We lost the money and jobs we couldn't secure because we needed the money for materials. We had to lay people off which is a travesty! Our business is run right and honestly. Lance P. and York Street Properties/York Street Homes is neither run correctly or honestly as far as I/we can tell. It seems Lance P.survives on promises and people gullible enough to believe him.
Lance P owes me $23, 255.00 for landscaping and remodeling work I and my crew did on houses over 2 years ago.
The work was done according to the specifications I was given and it was done in a timely fashion.
The invoices were approved by the "Construction Coordinators" after they were scrutinized for accuracy and property inspections were completed. After that, per agreement by Lance P I would be paid immediately after invoice receipt. After piddling around with payment on some smaller invoices I started getting the run-around and every excuse imaginable for not paying.
The lady I was dealing with at the time said that Lance was paying himself $25, 000 a month in salary before any other expense was paid. After that, he paid his contract labor. If there was money left over, then he would pay his bills. From what I was told and from the lack of funds I received, apparently there wasn't much money left over... instead of paying me he just got another contractor that was willing to give him credit (like I initially did), paid them a little so they would increase the credit limit - then screwed them too... that seems to be Lance P's "M.O."
My invoices were very complete and were backed-up with photos. The statements I sent (for what seems like 100's of times) included; my invoice number, the invoice date, the property name, a detailed work description, the date the work was completed, the invoice amount, the name of the construction coordinator that ordered and the name of the construction coordinator that approved the invoice for payment. The remodeling and the paperwork was done very professionally - the client, York Street Properties, is anything but professional.
They wanted me to use my good credit to buy houses, then give me a percentage of the rental collections.
1) The houses were over market price.The guy who called me about the investment plan was called Mike B and he said he was living in Los Angeles (and had a 213 telephone number) but he was actually in the Philippines I found out. He also said be was a licensed Mortgage Broker but the States of California and Texas have no record of that.
Lance P. and York Street Properties, York Street Homes, York Street Investments and the numerous LLC's this organization operates under have caused 100's thousands of dollars of loss, 100's of wasted hours and countless heartaches for good people: 1) Loss of credit ratings (investors) 2) Loss of Money (investors) 3) Non-Payment of debts (service providers 4) Sub-Standard living conditions (tenants 5) Breach of Contract (all) 6) Threats against all parties for speaking publicly
A federal lawsuit has been filed, with more to follow in both federal and local courts. The Better Business Bureau (BBB) has revoked their reliable business accreditation after thorough investigations.
