Charging $75 per Hour As A Handyman  

Could you be my mentor

LoL I have a bachelor's and I make a way more than you for the ever and developing world contractors are absolutely a necessity but not a continuous necessity as more trade schools pop up it's better to get a bachelor's or go to college for something get the degree decide you don't want to do it later and then go make $800 a day

@@C1K450 that is so incredibly incorrect I don't even know how to process what you just told me

@@MOOMOOCREWX debatable. The cost of college has negated the benefits it used to provide. 75k a year for a degree? It better be the correct degree as well. I’ve got mine, got the work experience, and im highly considering jumping into the trades, going self employed. In this market, the way it is setup for the future, there is an abundance of money to be made. For example, I just had a plumbing leak in my house. Got a quote, which btw wasn’t easy. Had to wait 4 days. Get it back, it was $2,750! I was expecting $800-1200. I said F it, doing to myself for less than $200 in parts & tools plus my time. Probably $150. I could easily price cut this plumbing company make a huge margin, then reap the tax benefits of owning an LLC - S Corp. Plus, sitting all day will is not healthy either. Do you have tradeoffs

@@MOOMOOCREWX I bet it is all going towards your loan lol

This short made me wanna comment and add to what this random guy talking about on my short about how handyman self employed individuals in the United States of America are living the venture capitalist American dream. Not a monopoly but very close to it. I've been playing the online pay per lead prospects and sale closes generating activity and each and every customer and closed leads from these websites I've been playing with have generated a lot of money in a short amount of time. I have another job. This is like a side job where cocaine is not involved. What you want to do is subscribe to a online service handy man service agency where you pay per each lead and compete with 100 other people that got the same lead is to manipulate the online service system that is giving you the leads...

I show them my we!ner and they just pay

You don’t work 40h a week and can’t do 2-3 jobs alone, good service is expensive regardless if you get it done cheap you’ll just spend more money in the long run.

Facts payed by the job , you people that think hourly are insane. Let’s put it into perspective. You manage to milk a job for 2 hours and get paid 150$. I quote a job for 250$ and leave with 250$ when it’s complete. I quote the job based on material being installed and labor needed to install it. Idc if it takes me 30 minutes or 2 hours 🤷🏽‍♂️ paying for my skill not my time.

Do you know anyone actually doing it? There's lots of theories being thrown around in the comments here.

@@jackjack4412 old thread - in reference to what? My current job allows me to interact with many business owners, so yes I see many. The issue in the market right now is skilled labor … or any labor. It makes scaling difficult, so one man to small operations are thriving. They are booked out 6 months at minimum. I know some general contractors booked out 18 months. Again, scaling from there is tough because of the lack of available labor. There is money to be made. You can follow traditional Blue collar work or innovate the field, as efficiencies are out there to tap into unclaimed profits. I’m starting/started my side gig and getting a 3 month running start before I officially jump. On the SEP IRA, contact an accountant - in my state - as long as you have no employees, other than your spouse - I don’t have old enough kids to work yet, but they may fall under it too as an allowable “employee”. The benefit to SEP IRA is that you can tax deduct 50k for you and 50k for your wife, even if she is working elsewhere. It always small business owners to “catch up” quickly for retirement. Of course you have To make it, but that’s 100k untaxed. I’d say your business needs to generate 250k for that in the trades. Normally that would be subject to your effective tax rate - say 17.5%… that’s $17,500 a year. That’s good money to keep the politicians paws off your money. Invest all the 100k and you’ll be doing well for yourself Other things to consider like how much you need past your bills and expenses to enjoy life .. and how you billed your day rate, job rate etc - it’s doable from the business owners I’ve seen. Specialize in a specific trade or go contractor/handyman

@@jackjack4412 lots of people are doing it, some better than others. I'm just doing it part time right now, average 100 per hour, sometimes a bit less if things take a bit longer. Worst case was a painting job that took longer and I only made 50 per hour. Tons of work out there and 800 or 1000 for a days work for someone skilled is very reasonable.

How do you get leads

How long have you owned your handyman business?

Study some business on coursea and accounting its free. You are talking about cost plus accounting theres better ways once you realize how the cash flow quadrant works

@@ChipChurpmake a video about it we will watch it

How much did you make after taxes and expenses?

There shouldn’t be any materials cost. $100hr, materials aren’t included. The scheduling use a app, your truck and tools all write offs, if you set up a handyman business you can make really good money. key is to have a 2hr minimum and try to book jobs that require 4-8hrs each visit.

@@workhorse1594 how long to learn the skills? How much to spend on tools at first?

I think most guys would probably work more than 40 hours. My dad is 62 and he works 50-60 hours.

So you right off everything to can to reduce your profit. Profit is what you get paid when you work for your self.

As long as you provide the service to back it up. I’m up to 125.00.

@@FatherLarper-rz9kwhow long you doing it

That's reasonably

Ace Hardware charging $130 an hour near me for a 4 hour block. I would imagine there minimum charge is probably $200 for just a single hour job.

Whats your business name and location?​@@FatherLarper-rz9kw

Man u tripping u know u add labor cost on top of materials and u add a little more just incase cuz it always happens sum messes up u dont lose in one job me and my pops used to get 10k after all was said and done thats usually a 3 week job thats 3. Thousand whatever a week 8-3hr lmao we specialized in makin patios and painting but we knew how to do concrete epoxy cabinets landscaping so we would do alot of the work for most real estate people around the coastal areas and hills its skilled work for a reason u dont ger skill u dont get paid

@@wereallyrollin6680 Tripping nahh, insurance, vehicle upkeep, tool purchases, accounting, advertising, company apperal. if your bidding around $75 an hour your doing alright but your not getting rich or anything. I just saw a video today. UPS drivers make $42 an hour they don’t have to do anything but show up. They are not paying for the gas to drive around and they are not paying to maintain that vehicle. The only way I can get $100 an hour is on commercial jobs. Otherwise I seem to lose the job or people can’t afford me I am somewhat in a rural area, though; about 45 minutes from the metro area.

​@@mr.kenslifeshop4034 That's because you're dealing with bummy country bumpkins. I don't understand how you act like you have it all figured out yet can't understand you can't get blood out of a turnip 😂 So you're not able to get good money out of poor people? You don't say huh? 🤔😂

@@mr.kenslifeshop4034You can get all that back from tax write offs at the end of the year so it won’t really hurt you too much you just have to educate yourself a little that’s all!

Hands on training is how I learned. There’s no better teacher than the REAL world!

exactly, u charge what’s called a service call fee, $90-120 for just showing up, that covers your drive time booking and invoicing. Tax are only taxed on your profits not your losses. So the vehicle, maintenance on vehicle, cost on tools, vehicle, equipment etc. you write that off

Sorry to hear that. Hopefully you can find customers willing to pay the rates needed to survive in this game. I started off low too but now make at least $100-$200 an hour. It’s possible.

It will be more than $60,000/yr if you write off all those expenses.

Right lol

Learn english first homie

Wait why are you working 10-12 hours a day if you're only getting 6-7 worth?

@@The_Gallowglasshe’s probably traveling far to his work sites I’d guess

@@theantianimeassociation7574 i hope he's writing down all his business miles and wrote off his business vehicle

Be nice, the poor guy is balding, lol

Probably to discourage people from doing what he is doing

5k? yeah a month and thats on low side...

I’ve been charging $100 since January first. *GAME CHANGER!* Halfway through the year and I’ve replaced my pick up truck (2 mos ago) with a beautiful ten year old replacement. Paid cash for it. And I’ve been able to do some serious saving. Looking to replace my work truck as soon as I can find the right one. And I’m at retirement age in one more year. I’m still going strong health wise. Hopefully long enough to build a decent retirement fund before hanging up my tool belt! I think to myself, “imagine how much more I’d have if things didn’t double in cost over the past four years.”

🤣😂

Little man if you are really 12 years old listening to this material, you my friend are going places. Keep that path work hard. Body and mind healthy ( no smoking,drinking,bad stuff, save money and don't gamble hard) you will be a multi millionaire by 30 mark my words. This guy laughs and I say swing for the fences my man 👍

GET TO WORK!!

He should have ended this with talk to an accountant and learn all about tax write offs. Almost all the expenses he speaks about are tax deductible.

I prob net $70k in 8-9 months, 11-12 hours a day 5.5 days a week. Everything is a tax write off. I barely pay tax. I don't do handiwork though. ( :

@@The_GallowglassSo what do you do? Spill the beans lol.

Owning a business aint for everyone! I love it though. After expenses i should be bringing in 85k this year. I would never go back to working for someone.else.

that's like a third or a quarter of what you should be charing. area depending of course. Stop charging by the hour, would be my advice.

the doctors, dentist, attorneys etc are already charging 500$ an hour, hell a mechanic shop these days is close to 300$ an hour where i live. Handyman absolutely need to charge 100$ and hour or more just to keep up with a modest house or family, charge less and you are scrapping by in an apartment single. considering all the work that goes into running a business its really not that outrageous, as any contractor will tell you "free estimates are the most expensive thing you will ever do"