Before attacking anything like this. Ensure you have ample funds to perform it properly.
I pay mine hourly and 1.5 for anyting over 40.
Significant cost to get it going. But you never have ever really been in the game, how are you going to teach others? Not slamming you, but the most important aspect to have is a defined and well thought out plan and you have to be the authority on it all because they will look at you for direction and guideance.
It would take a very long time for me to explain every aspect. They way I do it, works for me.
Thanks I was curious as how you paid your team. I do not have the customers to go that route as of now. There was a time when I had over 100 honest employees but I could not pay folks daily unless I had daily work. Thanks for your comment.
I suspect you could classify them as independent contractors and they would be responsible for their taxes, insurance, etc.
I would talk with an accountant.
I wish you luck with this.
15 years ago, I kicked around this idea. I had all the contractors lined up, but no one wanted to pay $3,000.00 for an inspection on a $300K home.
I was going to hire others to do certain aspects of the inspection, but, determined, that most couldn’t grasp what was needed to perform the job properly. I wasn’t comfortable with one of their mistakes costing me my company.
The only one left is the electrician. He is close to retirement and a move to NC.
The plan was to have:
A structural engineer.
A plumbing contractor
And I would inspect the “easy” stuff.
Each contractor would perform a functional inspection, submit proposals for work as well as point out code issues in each area and recommended upgrades.
I got input from each contractor, came up with the forms and I would put it all together.
At the time, I had a network of Realtors and when I floated the idea by them, they were all excited about it…until I told them the price.
Interesting that nobody is saying “how much $$ they pay per/hour”. What do those that are doing this consider a “fair” rate? Sliding scale? Experience? C’mon, give the man something to work with here! :neutral: