What do you do? Deposits? Non-refundable deposits? I've never experienced this much advance notice.
Printable View
What do you do? Deposits? Non-refundable deposits? I've never experienced this much advance notice.
I wouldn't hold a spot that long unless they wanted to pay for it. The longest I will hold a spot is for a month or a month and a half and even then that is with a non-refundable deposit and a signed contract.
If your services are THAT important and valuable to a parent then they will pay for them. And if they don't then keep interviewing until you find someone who wants the spot now.
Definitely agree with Judy. Non-Refundable deposit, and a signed contract are the only ways to go.
I charge a $200/month non-refundable holding fee if they want a spot held that long. They pay this $200 every month until their start date...I'm not holding a spot for free EVER...you want it...you pay for it!
Do you put that 200.00 towards fees at any point or is it all just a holding fee (money in your pocket?)
I charge a 150.00 per month holding fee but use it towards the first months fee. I wonder sometimes if I should change that.
If I have a full-time child to save a spot for: My f/t rate is $35.
Parents have to pay a non-refundable deposit of two weeks pay: $350. But this will become their first two weeks of the childs daycare fees.
Hopefully that makes sense.
Since I don't even open until June but I filled up fast, I had all parents pay an advance payment of 5 days of care.
Quote:
Originally Posted by mlc1982
Knowing fruitloop my guess is she KEEPS that money. I would too. It pays for the income loss for every month you don't have an actual child IN that space.
If you do not have a space available until October then NO I would not be charging a holding fee, just a 2 week deposit. Buuuuuut if your space is available now then YES charge a "holding fee"
Yes, Judy is right, that money goes towards nothing. It is to cover a small portion of my income loss. Now, if i don't have a spot open until a certain time, I would just charge my $200 registration fee and THAT does go towards their last months fees. But, say I have a space that opens up in June and they don't need it until September but want it held, I would charge them the $200 registration fee (which is mandatory upon signing on with me) and then when June comes (when the spot opens) they would have to pay me the $200 holding fee every month from then on to keep that spot open for them until September.Quote:
Originally Posted by Judy Trickett