Hunt eat repeat
WKR
I have been in the construction industry for all of my life. Owning my own business for around 15 years. I do business with general contractors, home owners and property Mangement. Home owners are always quick to pay. The others take their sweet time to pay. I have a GC I have worked with for 10 years. Last check took 78 days to show up. After years of this I decided a 30% price increase is reasonable for waiting. Property management is always slow to pay because they wait for the owner to pay them. I don’t have a contract with the owners, I have a contract with the property maintenance. How are guys dealing with this? Generally these are not huge sums of money. 5-20k I can’t afford to tell them to find someone else but they are killing my cash flow. I have heard of people charging interest but that seems hard to enforce.