So this post is going to be for new businesses only if you were a new business and you are considering getting into the apartment game my suggestion would be pick up maybe one possibly two good apartment complexes who will pay you decent money regularly.
One of the pitfalls that you can run into very quickly is you can pick up a lot of complexes and all these complexes are going to be 30 to 45 days out on payment at minimum.
That's 30 to 45 days of you doing work expending your supplies paying your payroll basically going into the hole before you get any pay out of any of these complexes and you will quickly find that a lot of complexes will not pay everything that they owe they will pay a small portion.
It can quickly run a smaller company into the ground and put you behind on all your bills you should try out apartment complexes just like you would tryout new credit cards. If they don't payat least 80% of total owed within 30 days. Give them one warning. If not corrected then cancel services. If you're not doing at least $1k a month with said complex then speakwith said complex. Advice them you're not making money, either their rates have to go up or you have to get more work or go separate ways.
Remember you're here to make money
One of the pitfalls that you can run into very quickly is you can pick up a lot of complexes and all these complexes are going to be 30 to 45 days out on payment at minimum.
That's 30 to 45 days of you doing work expending your supplies paying your payroll basically going into the hole before you get any pay out of any of these complexes and you will quickly find that a lot of complexes will not pay everything that they owe they will pay a small portion.
It can quickly run a smaller company into the ground and put you behind on all your bills you should try out apartment complexes just like you would tryout new credit cards. If they don't payat least 80% of total owed within 30 days. Give them one warning. If not corrected then cancel services. If you're not doing at least $1k a month with said complex then speakwith said complex. Advice them you're not making money, either their rates have to go up or you have to get more work or go separate ways.
Remember you're here to make money