The 2 Biggest Things That Stress Out Your Vendors

Are you in a good relationship with your vendors? Here are some tips to make sure you get the most out of your partnership.

Brent Williams of Multifamily Insiders shares his perspective below.

I have two thoughts I would like to offer anonymously to the group from a vendors perspective. I have been on all sides of the desk from on-site to corporate management to now a vendor. As a vendor I obviously don’t want to come off as complaining, but would like to offer some perspective to a couple of issues.  

1) The importance of vendor payments and their timeliness. Many people look at vendor businesses as vast institutions with deep pockets, and some are. But a great many are small companies that depend on those payments to meet their day to day obligations. Management side employees who are responsible for getting vendor payments processed would be very upset by even a day or two delay in receiving their weekly paychecks.

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