Value of monitoring Contracts?

Bob's not in Vancouver. Vancouver's official nicks are "Lotus Land" and "La La Land".

:-))

BTW....It's not "la la land"....if you're talking about someplace in Canada, it "la la land, eh?"

Norm

Sounds very fair. Now get your customer under an agreement, which your insurance company will probably require anyway, and the account then will be worth approx. 25-30 times the monthly. That multiple changes up or down depending on the amount of accounts you have and the availability of accounts on the market for sale. I have seen it as high as 40 and as low as

Does the multiple depend on the "length" of the agreement?

As a matter of fact ...... some have said that the longer agreements are sometimes not as good as the one or two year agreements. They feel that if a client is going to leave .... they'd rather know during the hold back period, rather than paying the seller and THEN the account leaves. But they always start out wanting contracts a year or more. Two years seems to be the minimum/maximum .... Less than a year is not acceptable at all.