How Much Should I Charge As A Handyman? The Final Answer!
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- เผยแพร่เมื่อ 5 มิ.ย. 2022
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I’m in NYC and started at $40 an hour in 2017 just mounting tvs on task rabbit. I’ve taken more complex jobs since then and grown my knowledge to the point where I do almost everything now (tile, sheetrock, appliances, fixtures, basic plumbing, paint, etc) and charge $160/hr now. My rule of thumb is when I’m totally booked 2 weeks out or more, rates to new clients go up. I raise existing client rates once a year so they’re just under new client rate. This formula has worked incredibly well for me, very very rarely don’t have a full day of work every single day that I want to work. Good luck to everyone!
That's amazing. Congratulations!
Do you actually tell the customer it’s $160 an hour or do you say something like “I can install your ceiling fan and the price is $160”?
that's great man! How do you tell your existing customers that you've raised the prices? Did you lose any of your customesr because of that?
why do you raised your fees? is it harder to work when your busy? are materials more expensive when your busy? do jobs take longer to do when your busy? the answer is no. you just taking advantage of this customers because your busy. buy what if you were not busy? are you gonna lower your cost?
@@Painfulwhale360 I always quote by the hour and bull in 15 min increments. 1 hr min for the long time clients but 2 hr min for new. And I’m happy to fill the unused time with other jobs.
Great video. I'm a licensed residential contractor in AZ. Residential remodel is fancy speak for handyman or the same Jack of all trades and master of some on a bigger scale. I love working for myself and providing others with work to support their families.
Just wanted to put some things out to ponder for those that are striking out on their own or trying to refine their business model.
There are 2080 hour in a business year. As a self employed person you don get paid holidays (12 of them now) so you loss 96 hours. This leaves you with a simple math problem to get an annual salary: multiply your hourly by 2 and add the word thousand. Example $100/hr x 2 = $200 + thousand. So if you worked 8 hours a day on standard work days at you'd get $200,000/yr, which sounds awesome out the gate.
But you don't get paid vacation working for yourself let's figure 2 weeks per year so $8,000 gone.
You don't have access to employee benefits like medical, dental, unemployment insurance, workers comp, disability insurance, and matched retirement. You can get these as a self employed but you will absorb the full cost. I estimate thest to be about 10% of your income $20,000/year.
You get no company truck or tools to drive to the jobs. I have probably $100,000 of tools. I like your concept of buying two every time so you have an inventory to maximize time and money but that will become another $50-100,000 as well.
You do get a tax break for the vehicle but vehicles are expensive and insurance is more expensive if you are properly insured. If you aren't properly insured and get in an accident you risk your insurance denying the claim.
As a handy man you should also carry a general liability policy to protect your family this is a cost of several thousand dollars per year.
You have to pay your own FICA self employment tax 7.65% ($15,300)
You will need to do things you hate or suck at like invoicing, writing, accounting, taxes, etc most of this will be in your evenings and weekends when you used to be with family, friends, faith or hobbies.
You don't get an overtime rate of 1.5 when you go beyond 8 hours a day (this will be almost every day).
If you get a license there are exams, bonds, insurances, and fees to be paid.
You will be a business and will need a business license from various entities including city, county and state
You may have to track and bay sales tax or submit monthly filings.
You have to file income tax quarterly with both state and federal.
You will probably need an accountant and an attorney to at least consult with on occasion.
I say all of this not to discourage anyone working for me myself and I is the best. But $50/hour will starve you and your family.
You need to be $100-200/hr on site to make it in most places. I know th number sounds huge but when you are footing all the bills, responsibility, and risk and give up your nights, weekend, vacation you need and deserve the "big bucks"
Good luck everyone.
Thank you for the comment. It goes right back to the issue of treating yourself and your business as you would any other business. Overhead is unreal, and we're all doing this to provide income so we can't undervalue ourselves. I hope to hear more from you in the future.
Great advise thanks
Great breakdown on top of an already really informative video. Keep in mind, folks, that generally people know that they get what they pay for. So if you know you are detailed, honest, and diligent in your work then you should absolutely charge a rate that resembles the professionalism you provide. You will find that your jobs get easier, not harder, as you charge more, because half the grief of the job is dealing with people, and the people generally get easier to deal with the more money they have and are willing to pay you. I spent a long time charging $45/$50 per hour, while keeping up with everything else required to deliver results, and I gotta tell ya the middle aged couple, PMC, or working mother that is ready to shell out my $160 minimum is 100% ALWAYS a preferable customer compared to some that are looking for a bargain. I mean, only if getting paid on time and having your time and expertise respected are qualities you look for in a customer, that is ;)
Well said! I charge $105 an hour and with four weeks holidays I only pulled in $174K.
@@brucewilliamsstudio4932 only? Lol… I’m still in my first 6 months since going on my own…but would be pretty pumped to hit a number like that.
How long you been doing it for?
Also, as a property manager and investor, I can tell you that if you're still learning, a low rate is fine but ultimately, any investor is constantly looking for the most efficient use of their time and money. The cheap guys quite often will cost you far more because a lot of them don't think the same way you do - taking multiple trips to home depot for one item at a time as needed for example - a SERIOUS productivity killer. I'd gladly pay double for someone who knows how to not waste time like that. Plus the final bill often ends up cheaper and whoever I hired made more money. It's a win-win.
You have perfectly described exactly what I'm trying to say. Thank you
A jack of all trades is a master of none, but often more valuable than a master of one.
Often true!
This is by far the most detailed and actionable information on TH-cam for handyman work. Thanks for sharing!
I appreciate you saying that. That's the goal is to give yall actionable info to actually start making positive moves today.
I just raised my rates to $115/hr (CDN) and a $55 call out fee.
@@brucewilliamsstudio4932 are you in a large city? Im in Ontario in a city roughly of 500k population.
Therefore at that rate are you steadily busy?
Thanks for future replying 😃
@@danieli708 1.4 million here where I live and I try to limit my jobs to one quadrant of the city due to the travel time and fuel costs. Generally fairly busy, but things have slowed down this year. Last year this time I was booked out weeks in advance. This year it's almost day by day for bookings. Personally I think the economy is slowing, but I'm not dropping my rates.
Thats awesome!@@brucewilliamsstudio4932
Just had another job today where I didn't make that much. About $175 for 7 hours of work or so. I'm thinking of removing the word handyman from my business name. Def seems once the customer starts to think of you as a "handyman" you are now equal to a day laborer or some misfit who can't hold a steady job. As a result people are often offended when you charge more than $20-$25/hour for simple handyman tasks.
I'm sorry to hear that
Best advice I’ve run across for handymen. Honest, direct, actionable and from someone who is doing it successfully and with integrity.
Thank you
Ive never done all the TH-cam things (like, subscribe, notifications and share) but I did here. I believe this is a honest man trying to simply help and the world needs more of us to act the same. He is tying to help strangers because its the right thing, who would I be if I didn’t do likewise. Thank you for your choice to be this kind of person. For what (little) its worth you’ve earned my loyal support.
Thank you so much!
Thank you, thank you, thank you. There are so many TH-cams about handyman business that are either trying to sell something or are just bragging about how awesome they are. You get right to the meat, you name prices, and then you go into the details. Perfect.
That's what I strive for, thank you
Hello Bulletproof, I've been a handyman for a lot of years and after listening to you, I know I've cheated myself trying to be fair but fair to who. Thank you for the awaking on pricing and some other things I should have known. Take care.
You're welcome! Take care!
Thanks for making this useful video. Your advice is great and I will share with my buddies.
Thanks!
NewPro quoted me 12k just for a fiberglass tub and shower and nothing else. So I got a contractor to do EVERYTHING and with much better materials, including a fully tiled shower/tub, new toilet, vanity, medicine cabinet, paint, even changed out the rusty heater vents and my light switch fixtures as well as a broken brick on my entrance. He charged for labor only - $6k, including all material (toilet, tile, fixtures, paint). Some people just overcharge and is why this industry has a horrible reputation. This will change soon.
Very helpful and informative. Thanks for taking the time to breakdown everything! Love your videos!
Thank you!
Another great vid. Thanks so much for breakin' it all down! 🤘🏻
My pleasure!
Right on! Great video and thank you for sharing your experiences.
Thanks for watching!
Thanks for taking the time and making this video. I needed to this.
I'm glad it was useful!
This is what I was looking for, Thank you so much‼️💣💨💥💥
That was exactly what was on my mind when I made this video. Every single video about pricing for handymen failed to answer the question of how much to charge.
You're process and content is inspirational and well done my friend. We are taking notes and listening for sure. Keep it coming.
I'll do that, and thank you for the compliment. I have upgraded my computer and microphone so hopefully the quality improves on the videos now.
Thanks!
Man I really appreciate giving your time for this video. This really helped make silense of everything
Thats Great!
I’m very happy to have came across your video, truly thank you for your time perspective and knowledge brother!
Glad it was helpful!
keep it up man, your analysis is priceless.
Thanks!
You hit home at the end when talking bout providing for your family. Great information. Thank you
Yes, thats the backbone of anything and everything I do. I take an hour or two later at night for myself, but my waking hours when the rest of the family is awake is all for them in one way or another.
You are straight forward and informative.
I love it.
Thanks for the help.
Thank you, I try to be.
Absolutely loved it, thanks for sharing. This was the exact video I needed to watch tonight!
You're welcome!
Hi from Queensland Australia. Love your work bro - you're giving me inspiration to take the leap. Thanks!
Be committed when you do, it will take everything you have to give.
You are a blessing sir! Very straight to the point with no BS. I just subscribed. Thank you!
Thank you! I'm glad it's useful!
Excellent video, nicely explained process and handling the Handyman business Thank you!
Glad it was helpful!
Thank you sir! This was a very in depth video and was super helpful! You are awesome! Thanks for helping those of us starting out... You rock!
Thanks again!
You gave me so much great info . I can't help but to like & subscriber
Awesome thanks!
Tons of great insights. Thank you!
You're welcome!
Amazing stuff. This is such really good concise information... Thank you. I am looking forward to more videos to come.
Thank you. I'm committed to making sure that I take the time to make them. I'm so busy that it's hard to find the time but I am always looking for the next opportunity.
Just found your channel. You hit the nail on the head. I do things the same as you. Great content keep it going.
It's a great business to be in... In my opinion.
This information is gold. Super concise. Thanks for sharing brother.
You're very welcome
Thank you for all of the amazing value, you deserve your success!
You're welcome and thank you!
Just subscribed! This is a awesome channel! Thanks for the great info!
You're welcome!
Thank you for the excellent breakdown. Valuable information for any handyman.
You're very welcome
Thank you. This is one of the best versions of this info I’ve ever heard of. And the motivation to VALUE yourself and your TIME is perfect!!!!!
It works, just follow through on your end and it will work.
So far the best handyman business video I've seem yet....and I seen a lot! You are a natural teacher as well as a handyman. Liked, shared, subscribed! Best of luck to you and your growing family!
Thank you for the compliment sir. It's much appreciated.
Thank you, truly. Your video here just alleviated so much self doubt I had growing in my head lately over this almost constant financial stress from being self employed but feeling unable to fully provide because I've always struggled w charging more $ for my time & services but no fucking more -- Your video solidifed it. Thank you again for taking the time to share your perspective bc it really did just add so much mental relief, clarity and humble confidence to my Life.
Good luck to you sir!
Thanks for covering this topic. I am in the process of getting a home services business off the ground, and this is valuable info. I look forward to more content. I find TH-cam very valuable in helping to educate myself. Not only on how to fix certain things, but also in learning how others have built their business.
I'm glad it was helpful! Of course there are lots of ways to do things, this is just the way that I've found works for me.
Hugely helpful! Thank you for encouraging excellence and pride in work and rates, and to exercise working past limiting psychological money hang ups. This video really helped push me over the edge of breaking past the $100/hr mark. There’s something so daunting about that number, but the truth is that it’s not me charging it, it’s the business with overhead charging it, and then that business pays me. Such a shift in thinking. Really appreciate you making these videos!
I'm really glad to hear that!
Great information !! You’re know what you are talking about, that’s for sure !!! Keep up the good work. I hope for only the best for you and your family !!!
Thank you!
Very informative . Subbed right away. Thanks
That's awesome! Thank you and you're welcome!
Another great video. Thank you very much and I wish you all the best.
Thank you! You too!
Great video and well explained very useful information. I am strongly considering becoming a handyman. This video and your other videos are very inspiring. Thank you for sharing.
Thanks!
Thank you so much for sharing this! I have a lot of skills but have been quite scared to put myself out there. I'm much more confident having heard this. Thank you so much.
You're welcome!
Just found the channel. Very informative! Thank you
You're welcome!
Great video, I'm really considering starting a handyman business soon and videos like this are a great resource.
They're almost enough. I'm still figuring things out myself and making changes as I learn the industry. Property Management is very different.
Hey Ray thanks a lot...love your insights Pronto Paul The Handyman Australia 👍
Thanks Paul
Thanks for the video
It was really worth listening
From Canada
You're welcome sir.
Great advice and I'm glad your doing well..
Thank you.
Great video! Excellent description of what we do!
Thanks!
What a great presentation! Nicely prepared and professionally spoken. You have encouraged me to continue my business! Thanks for the confidence.
Thank you! I'm currently working on upping the quality. Once I get that under control I'll be doing even better versions of these videos.
Great presentation! You spelled it out perfectly! This video will be helpful to send to prospective clients to help them understand the realities of what’s involved in our profession. 👍👍👍
I did another one very recently if you look at my videos just over the past couple weeks. It may or may not have been a Livestream so don't forget to look there. The one I just did actually breaks down a lot of the numbers to show you where all the money goes.
Thank you!!!! Now if I could just show this video to all of my customers so they understand what it takes. Subscribed
Lol yeah!
Wonderfully thought out. Thank you for sharing your process. I'm currently running a light duty remodel business as a 2nd job and thinking out going full time. This is very helpful
That's awesome! Good luck!
Thank you! I’m doing it!
Awesome!
thanks for the information, very helpful as fellow handyman.
You're welcome!
Valuable information for us trying to start in this business. Thank you.
You're welcome!
Well done. I agree with your methods.
Awesome, thanks!
Solid advice, i really liked the "visualization" technique, you use. Of everything you mentioned there are only 2 things i dont do, but will now. The visualization, and charge for estimates. Tip of the hat to you my good sir.
Thank you sir.
I am just starting my business out and this video was a huge help with some aspects I was cloudy on. Thank you!
You are very welcome.
Thank you for the great video. It’s really helpful.
You're very welcome!
I LOVE YOU, YOU SPEAK YOUR TRUTH! YOU ARE A BEAUTIFUL WISE SOUL.
THANK YOU FOR SHARING YOUR WISDOM AND KNOWLEDGE WITH US.
I SUBSCRIBED WITHIN 2 MINUTES OF HEARING YOU SPEAK . HONESTY DOES NOT LIE
Thank you!
So valuable. Thank you for being direct and transparent.
You're welcome!
Hey, this was really helpful. Been looking at starting a handyman business just because I keep seeing the need for someone who can just be available. I have the skills and room to grow and I know I am a personable person. Thanks!
Good Luck sir!
Great information!….just found your channel,and yes I also watch tons of videos to gain more knowledge,yes old dogs can learn new tricks…. I recently moved to Hawaii to “semi retire “after 30+years of busting my ass being a GC doing mostly remodeling.. I’ve discovered here folks are willing to pay whatever I want to charge not just for my quality work or knowledge,but also my good communication,and me just showing up to do what I said I was going to do.Being reliable and honest has in just a few months by word of mouth gotten me more work than I know what to do with….again great pricing video that will for sure help out tons for people getting started or even is old timers starting fresh again!!!
You are right, the communication and reliability. Anyone can swap out a toilet flapper. Running a business is about everything else, and it's what dictates your success.
Thank you for the information you shared on TH-cam videos on Handyman prices on the jobs site.
I appreciate your videos, you gave me hand full of information on prices and invoices on Handyman job site.
Thank you.
You're welcome sir.
Thank you for the alignment. Superbly done good sir!
Thank you!
usually when someone tells me to like sub and comment, that is the last thing i am going to do, but this was a great video and i imagine you have many more. good work!
No worries, if you feel there is value here then give back and if not I won't be offended. My focus is the business rather than the channel. I'm glad you enjoyed the video.
This helps alot. I'm a firefighter and have been looking into doing some handyman work as a part time job between shifts. Thank you.
My pleasure.
I think that would fit nicely actually.
This video popped up an hour ago after watching another handyman video. First video of yours I have watched. Tremedous information. Excellent content. New subscriber here. Thanks for video.
Glad it was helpful!
Great advice about finding one thing to do and then giving an estimate on the rest. I’m 4 months into full time and half my work is property managers. I’m going to put that to use right away. Thanks!
I'm glad I could be of service.
Good stuff. And I agree, finding someone who can do a wide variety of different things reasonably well, and problem-solve as needed is quite rare.
I think there are three skills that you don't often find all three of them together. Number one is of course being able to repair a wide variety of things. Number two is running a business. Number three is having the kind of people skills that make people comfortable with having you in their home. Two of those at the same time is somewhat rare, but to have all three of those skills simultaneously is not common at all.
Wow awesome video answered everything I was going to ask !!!
Glad I could help!
WOW!!! Dude, you are AWESOME! Great information presented in phenomenal fashion & I absolutely dig your vibe! Plus, I have my own set of twins too! Congrats Bro! Looking forward to learning more from you! Thank you!
I hope your twins are doing great!
@@bulletproofhandyman They're great! I appreciate the confidence & courage you're helping me establish to take better care of them. Thank you Brother!
I like hearing this guy think and talk, I've been doing this over 20 years working for companies and also working for myself in between and his philosophy and the way he approaches Things are great. I have learned a lot listening to him.
I appreciate the compliment. Thank you. I'm really trying to get it figured out.
Thank you for sharing this information with us. This is my plan eventually to, go full time Handyman. I currently work for a buddy of mine that is a small one man (and me) contractor. I’m learning more everyday, so when we move out of California, I can start my own Handyman Business. Again, thank you for sharing this valuable information, greatly appreciated.
Good luck to you!
Great video. I recently started a home remodeling company after being head of maintenance for a property management company. This is the 3rd one I've watched from you and your info works for all businesses in our field. Keep 'em coming.
Thanks for the confirmation!
Great information. I just started Kingman Drain Service in Arizona.
Good luck to you!
Visualization! I thought I was the only one who does just what you described. Thanks for sharing.
Thank you!
Thank you! Getting ready to head out on my journey. I've always been one who doesn't charge enough. I've found that when I almost charge enough customers are surprised at my low prices. If they won't pay. They aren't your customers! Thanks again!
You got this!
I hope you're doing well as a family provider and with those children too! Thank you for the video:)
Thank you. I'm super close to achieving something that I feel is stable for my family, but I doubt I'll ever be done. I've been making sure that I take the time necessary for them as well. It never feels like enough but I'm putting in everything I can.
You are a true legend. I like your style! It would be an honor to be in your presence. Keep up the hard work. Thanks for the real talk.
I appreciate the compliment but I hope we're all aware that despite having figured out a great way to build a handyman business, I'm most certainly failing in many areas of my life as well. I definitely have a long way to go before I can claim to have my shit together all around. But, you're welcome for the real talk. Thats luckily on the list of things I finally figured out in life. I love to bullshit and tell stories, but I also understand that when there are thousands of subscribers and hundreds of them are actively in the process of starting up their business, they really need me to tell them the truth about how this niche industry works. Jumping in is scary and it would have been cool to have a youtuber handyman give me a crash course in it before taking the leap. Thats mostly what this channel is I think, just a crash course for guys jumping in, or some slight strategy for those already in.
nice job. You nailed it. I am a handyman in Tampa, FL. Self Value is so important.
Thank you
I appreciate you! I’m in Phoenix Arizona and started doing handyman jobs. I’m still learning the quotes and thank you so much for the information ❤
You're welcome!!
I love the "Estimate" speach. Bravo sir. Absolutely!
Thanks!
Hey man thanks for the information and time you took to make this. I agree with everything you said. Ive been a residential HVAC lead install mechanic for 6 years and i have learned so much over the last 10 years doing new construction, geothermal systems, radiant heat and typical ac/heat pump changeouts, plumbing, and am always taking on jobs on the side. I do have a wide range of knowledge and do feel comfortable doing anything in a house. I know for a fact that if i keep slaving away in attics for pennys on the dollar wht the company i work for is charging i will never be able to get a home for myself. Ive been wanting to start off doing something on my own for years now and the transition seems to be the most difficult part. I love what i do and Love working with my hands. I am always interested in learning new things. I think one of the personal traits i have grown over the years of being so non social and to myself all the time is it hinders me to go out and build new relationships with people and find work. Any suggestions?
My advice is to get on board with property managers. I've never met half of mine even after a year or two with them. They just want solid work at a fair price. Watch my other videos including the live recorded ones, most of what you need to get started is in there.
Thanks for the advice.
You're welcome!
Great video! Great advice. Thanks for sharing all your knowledge, God bless you!
Thank You! You too!
Good presentation, no fluff no b.s. im just getting started and I appreciate your insights….thanks
You're very welcome
I am starting my handyman quest today. Thank you for your time.
You're welcome! Good luck!
Your Best Video Ever, THANKS!
Thanks, and you're welcome!
Thank You! I just found your channel. I’ve recently moved my handyman business from Salt Lake City to the Park City, Utah, area and I’m in the process of building up my business here. Lots of vacation and rental homes around here. I’m good at what I do, and I’m getting better all the time. My biggest opportunity to increase my business is in many of the areas you covered in this video. So many good ideas.
I just subscribed and I will be watching more as I grow my business. Thanks!
You sound like someone who is on that path. I hope you have great success!
I’m a 30 dollar an hour 10 year loyal employee of a general contractor. I’m nervous to attempt going out like you. We do remodeling additions. And custom house sometimes. I like the guy. But for an example, I went threw 2 buddy’s, and a brother, trying to help me frame a large addition, no shade southern Louisiana.... boss sitting under a tent yelling at everyone, people rolling on me.... yesterday he hit the homeowner for 15,000. My cut 2,400 about a grand to help. Burns my ass up sometimes. I have clients trying to side hire me.
I know it is scary, it really is. You have to plan for it, and you'll need money to invest in materials if you go with property management. But if you do a good job and are reliable you can make far more money and not be screwed every time there is a recession. I wish you success no matter what you decide.
Is scary, but is more scary bo always waiting for payments, just start little by little and never take a costumer from your employer, until you are independent...
@@joaquinmartinez6028
Our family has been very blessed over the last year. My wife and I sold a half acre of property. Invested in a cargo trailer, some big tools all the licenses and insurance. I’ve been charging 150 service charge and 50 an hour after first hour. Or 45 hour for larger remodels. I’m crazy Busy all the time, really hard to keep up.
Thanks guy,,, you're a real pro. This is the 1st time I've ever added a "comment" to a viewed TH-cam,,,,, thank you
You're welcome sir. I'm honored to be the first then.
Bravo! Best most honest video I’ve seen! I’m a new contractor who’s been making someone else money for 17 years and finally ready to go out on my own. It’s scary but this gives me confidence thank you!
Good luck to you! The license will help a lot.
Ive seen a lot of great handyman channels but you are the best as far as IN DEPTH onformation.
Im switching my entire handyman structure thanks to your help.
Im currently in Alabama, 24 years old full time doing this.
Thank you sir 🙏
Thank you. Good luck!
Inspirational! Thank you
You are so welcome!
Great video, super informative. Liked and Subscribed!
Thanks!