Rents have reached an all-time high, and budgets seem tighter than ever. Payments to vendors like myself are being delayed, with many clients taking 60-90 days to pay. This makes it challenging to run a business and pay employees. Is anyone else facing this issue?
Show previous comments (11)
Mike Powers
I feel for small shops. I can really understand why any require 50% upfront on projects, goods, etc.
Guest Insider
Most properties are fee managed and those properties sometimes have owners that won’t release the money to pay bills. In that situation there is nothing the management company can really do. Lots of movement with owners right now changing to different management companies. I’m also hearing some companies are in financial trouble. Definitely a sad situation for vendors. I would definitely call accounting for that management company and just ask them if the owner is not releasing funds or what’s happening.
Guest Insider
My company is amazing and we pay so quickly. They make my job so much easier.
Can't comment or like? Make sure to log in or register for a free account!
-
04 DecEvent starts in:
-
22 Jan
