Where does a home inspection company spend its money

Originally Posted By: Michael Del Greco
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I teach home inspection classes and give these sheets out to students so they can know what to expect. I invite CONSTRUCTIVE comments on the information provided in the posted documents.


A few days ago I posted an Adobe file of a spreadsheet showing an approximation of how much time it takes to own and operate a home inspection company doing two different volumes of business.

Where does my time go:
www.NewJerseyHomeInspection.com/time.pdf Adobe version
www.NewJerseyHomeInspection.com/time.xls Excel version

Now the obvious follow up!

Where does my money go:
www.NewJerseyHomeInspection.com/moneygo.pdf Adobe version
www.NewJerseyHomeInspection.com/moneygo.xls Excel version

NEXT: Watch out for another spreadsheet showing how the amount you charge for inspections changes your proffit picture.


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Michael Del Greco -Opinions expressed in this document are my own. I do not represent the Home Inspection Advisory Committee, The Division of Consumer Affairs, Office of the Attorney General or any other agency of state government.

Originally Posted By: gbeaumont
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Hi to all,


Michael, your PDF link is not working. FYI

regards

Gerry


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Gerry Beaumont
NACHI Education Committee
e-mail : education@nachi.org
NACHI phone 484-429-5466

Inspection Depot Education
gbeaumont@inspectiondepot.com

"Education is a journey, not a destination"

Originally Posted By: Blaine Wiley
This post was automatically imported from our archived forum.



Nor is your excel.


Originally Posted By: Michael Del Greco
This post was automatically imported from our archived forum.



Sorry for the delay, both files are posted and both are working.



Michael Del Greco -Opinions expressed in this document are my own. I do not represent the Home Inspection Advisory Committee, The Division of Consumer Affairs, Office of the Attorney General or any other agency of state government.

Originally Posted By: Blaine Wiley
This post was automatically imported from our archived forum.



I just glanced quickly, but I would lose the yellow page ad. You get a free line in the yellow pages, and the ad usually won’t recoup the initial expense.


I would also lose the scheduling service, or find a cheaper one if you simply absolutely have no other option.

And 3% for refunds???? Man, I hope not. You don't ever want to get known for giving refunds!!!

So there is another 15 k in the inspectors pocket.

The one thing I have learned after ten years is if it doesn't protect or increase my salary now or later, it is an expense I don't need. ![icon_mrgreen.gif](upload://tbe1CncrrOs48cXpHvziOT8r0T3.gif)