Using Net 30 for Business Renovations – Need Supplier & Contractor Insights!

[Mathew Kires]

💼 Has Anyone Used Net 30 Terms for Business Renovations? 🚧

I’m looking to renovate my business address (which is my home) and upgrade the flooring, but I want to use Net 30 payment terms to manage cash flow effectively.

✅ Has anyone used Net 30 accounts for materials (flooring, supplies, etc.)?

✅ Do flooring companies or contractors offer Net 30 for labor costs?

✅ Any recommendations for suppliers or strategies to set up Net 30 for renovations?

I’d love to hear from anyone who’s used business credit or vendor accounts for property renovations. Drop your insights, referrals, or experiences below! 🚀

[Stuart Udis]

As a general rule of thumb, the more sophisticated and professional of a sub base, the greater chances a net 30 will be accepted. As for material suppliers, many supply houses offer credit accounts. 

You are definitely on the right track recognizing the value of more favorable payment terms. Working with subs who are waiting for a check the moment their work is completed can add strain to your operations. One of the biggest mistakes many investors make is focusing solely on the cash required to acquire and fund the property without considering the funds required to advance the construction. Making matters worse, the types of subs they work with are reliant on immediate payment which makes it more difficult on the investor. 

Payment terms are also a good way of qualifying the subcontractors you work with. Subs who have the ability to work off net 30's and small or no initial deposits points to them having a well capitalized business operation which reduces the risk of them walking off the job because they are chasing initial payments from other project starts.