Trying to establish some guidelines for my practice on minimum account sizes worth pursuing. I've been using $1,500/month as my floor but wondering if that's too low. Spent 4 hours last week on a $900/month pizza shop and found exactly nothing. What's everyone else's threshold?
Minimum account size - where do you draw the line?
I stick to $2,000+ monthly bills for standalone accounts. Below that, the time investment rarely pays off unless it's part of a larger portfolio or you know there's a specific issue. Pizza shops are notorious for being correctly billed too - simple operations, predictable usage.
Depends on your market and fee structure. In higher-cost areas like California, I might go down to $1,200/month because the potential recoveries are larger. But in lower-cost regions, $2,500+ makes more sense. Also factor in how easy the client is to work with.
That's a good point about regional differences Bill. I'm in North Carolina so probably somewhere in the middle. Might bump my minimum up to $1,800 and see how that affects my hit rate.