Handyman Pricing Handbook - July 2024 Update
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- čas přidán 28. 07. 2024
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Hey Ray, Ive been watchingand listening to your channel. Pulling the trigger is becoming huge in my mind.
I am a thirty three year old man living in alaska. Ive got three kids and i ambuilding a home.
Ive never commented on a youtube video before, but i appreciate your videos.
Good on ya man.
Just Giving away the Gold again - You are to kind.
Thanks John!
Thanks for making it make more sense!
You're welcome!
Wow, all your content keeps me going, Ray. All new requests from strangers now at $80/hr and I need to introduce a two hour minimum for new clients. Still getting hammered with new requests every day, while weeks and months behind on pre-commited projects. Absolutely don't need new clients, but need a way to keep them away.
That's a great position to be in!
Raise your rate!!!
I wish I found these videos sooner. Ive been in business for about a year and a half and always nervous about billing customers and worried I’m charging too much or too little. Trying to come up with a more standardized system, but don’t want to get into hourly pricing. I’ve always priced per the job, and have always told people that and that it varies. I was always worried telling them an hourly rate would make them think I’m charging too much if they see 75-100 an hour.
I agree, most people are not happy if they know your hourly rate. My policy is to never ever ever ever ever ever ever ever give an hourly rate to anybody for any reason.
Part of my problem is other local guys are charging by the hour so I get asked occasionally what I charge and have to explain to them that I don’t do an hourly rate.
Just giving you an update in a matter of 2 weeks I have made over 6 k gross
4k net
I made a ton of mistakes charging
But I’m offering a variety of services
I need to learn how to price better
I built a deep clean crew for post construction as well and I sent them on jobs and pay them today we did a post construction took us 7 hours charged 600
It was a 1,000 job at least and I feel disappointed but I learned my lesson
It was 3 of us.
We did a 2 hour clean up job for 500
But I’m learning the ropes
I have insulation removal and installation booked for Saturday at 3k
Minus material
You rolling man you have an contact ? Where you located at ?
Sounds like you're in the arena. Good for you sir. Didn't beat yourself up about pricing mistakes. Knowledge for pricing only arrives with experience, and most guys are too scared to even try. I have no doubt in a year you'll have your pricing nailed down. Even still, I occasionally make the mistakes and end up taking a pay cut for it.
@@bulletproofhandyman thank you I appreciate it I can honestly say that God has used you to help me take that leap of faith and guide me by hand down a path I was afraid to take. Thank you and may the lord bless you 1 million fold
@@jeffreysterling3837 Dallas Texas brother
@@InfamousKiddXDhe’s the man. I feel the same way. He is blessed by the Lord to help us. God bless you as well, sounds like you’re going to thrive in this business
I am constantly watching your content now. I am relatively new to the business, but i have had some of the skills and knowledge for a while working for friends and relatives while having a day job. I just want to say thanks. Your insight is incredible and appreciated. Keep doing what you do.
I'll do that. Thank you!
Thank you for this entirely comprehensive tutorial. You could not have done a better job in covering your bases. Other videos like this aren't as comprehensive and easily understood. You're a fantastic storyteller, and we could listen to you all day.
Sadly though, I butchered an interior door install just today. It ain't pretty, BUT the homeowner was as happy as a clam to have a new door where there hadn't been one for the past 20 years. And yeah, I butchered it unintentionally. It opens, it closes, it latches and the hinges don't match. But she was happy. And I made an easy 2 fiddy. 😆
Thank you very much for that compliment. Also, I've butchered my fair share of jobs. Anybody who says they haven't is lying. If you're not making mistakes, you're not trying!
I say this in good humor: Only a fool would point out his own mistakes! 😂 You got the job done, made the homeowner smile, and got paid in full. That's all that really matters.
Yes, deposits for all material plus 50% of expected labor for any job larger than $500 and Yes, expect the unexpected so add at least 50% more than expected on labor.
Good policy
Thanks Ray, super helpful.
You're welcome. Hope you're doing well. Mike
Good stuff, but I wish you'd spend a little time talking about the differences between working on old (pre-WWII) houses vs. more modern homes (1960s+). Forget about just obvious stuff like lath and plaster vs. drywall, but also homes with three generations of wiring and plumbing, etc., etc. Fixed prices can be a fool's errand for old homes. You might start out changing out a vanity only to have the old galvanized pipe joint collapsing, etc., etc.
I agree. Fixed pricing doesn't work on the exceptions to the rule. I use more than one pricing method for that reason. If fixed pricing doesn't work then I'll invoice that job at whatever I decide the fair market value is. If it's more than $350 then I'll send an estimate first.
Next time I get an older home I'll do a walk through showing all of the weird non-standard stuff.
This is an incredibly helpful video! Great work!
Thanks Paul! And you're welcome!
Hiya Ray… thank you
You're welcome!
Great tips!
Thanks!
As always, great information Ray. Very valuable stuff. Appreciate the hard work you’ve put into this video.
Thanks!
very good information thankyou for sharing
You're welcome!
A good reference for estimating all kinds of jobs, RS Means has been publishing material and labor guides for every industry out there. The labor rates are a national average, you can adjust the rates based on your market area rates. The material cost guide is a good reference for estimating jobs without getting hard quotes for all materials needed for a project. RS Means offers reference guides for maintenance services and residential remodeling.
That's awesome. Thanks!
I just checked with Next, my insurance quote is over $500 a month! FFS, that’s cost prohibitive just starting out! Over $7K a year
Cuz sometimes that happens, I'm not sure why. Very unusual.
Just did a move-out inspection again yesterday, following your checklist and refined now. Townhouse all well maintained, but still found more than a dozen items.
That's awesome Mark!
You are the man, Mr. Ray!
I hired a helper I'm training to do jobs, so thats cutting into my bottom line now.
Good way to grow!
I'm having trouble with the document download, it only wants my street address and a picture of "work to be done." I appreciate it
Email me at bulletproofhandymanbusiness@gmail.com
Im retired at 63 yo and looking to work 20-30 hours a week.
Do you think it is workable with all the expenses of running the biz and covering overhead to allow a decent hourly rate to make it worth while?
I have a good skill set and have MOST tools and supplies I need to be efficient and productive.
Currently I am living in a market
that is tough to charge more than $50/hour. I would consider relocating to a more lucrative market.
So, do you think it is profitable to work 20-30 hours/week with all the overhead, to run a profitable handyman biz?
Thanks for your time to run the channel and the info it provides!
As you've already figured out, the overhead can take a bite out of your profits if you're not doing this full-time. However, if you're not doing this full-time, then you're overhead will also be less. If you're doing less work, your insurance will be cheaper, you won't need the highest package available for your CRM, etc...
However, I love the idea of relocating near a larger city. Luckily I already live near a large city but if I was not in or near a large city I would absolutely be willing to move in exchange for building up a bulletproof handyman business to provide for my family while I'm still here and also after I'm gone.
Hey Ray. If we're purcasing materials on the way to a job is there an upfront monetary limit we should consider? Meaning, if its $500 worth of material and we fronted the money and then they end up not paying for the completed job, were screwed?
1. Yes, putting a limit on materials cost without a deposit is reasonable and standard in the industry.
2. Try to build up your business over time so that it can afford for that to happen. This will help you to remove the emotion from any decisions you make if and when that happens.
3. Try to get things in writing in advance.
4. If you can afford to, get an attorney on retainer so that they can intervene IMMEDIATELY if that ever happens. When people receive an actual letter from an actual attorney and they realize that you have an attorney that you can bring to bear, they are much more likely to go ahead and pay.
@bulletproofhandyman Awesome. How would you collect that money before purchasing the materials? Say it was $500. Do you give them the figure for the material and provide a non detailed receipt? Would you collect cash or check before buying the materials or just put it on your CC and collect the payment before start of project?