Charging $75 per Hour As A Handyman

[@poisondaddy]

Better than getting 13 bucks an hour working for someone else. 75h for 40 hrs a week already a big boost to people.

[@Rev-di1vl]

all talk my man

[@FatherLarper-rz9kw]

He said 40 billable hours. You’re running a small business. Double it. 80 hour minimum!! That’s 14.42 an hour. With the first couple years working for free and a 60% failure rate by year 5.

[@sebastian_1569]

​@@FatherLarper-rz9kwuggg he's just saying still better than getting 13 dollars but 75 dollars hard work is goos

[@sigmacentauri6191]

Bruh. Seriously. Thanks for this nice lil helpful short video lol this comment is what I came here for.

[@Rev-di1vl]

@leoc3464 damn brother, what do you do? Im gonna buy a book and learn to do whatever youre doing

[@NathanHeaston]

I show this to my customers when they start complaining about the bill.

[@Rich-firstthoughts]

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...

[@Bbbbbbbbbbb-f1w]

So I should instead spend 4 years getting a college degree, be stuck with a student loan, working everyday for $30 an hour, not having freedom, working for someone else? 🙃 But anyway, as an independent contractor I don't charge by the hour, I could. I make on average $800 per day.

[@lobsterstrange]

Could you be my mentor

[@MOOMOOCREWX]

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

[@MOOMOOCREWX]

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

[@themiddleclasstaxslave651]

@@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

[@mmnn6868]

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

[@josh857]

He’s selling a course isn’t he 😂

[@bucktaylor9178]

If u charge $75 or more that’s a $600 day and $3,000 week most regular people can’t afford that u will miss out on a lot of Jobs. There is such a thing called computation. Charge by the job!!

[@saucepoisfosse]

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.

[@outcome2715]

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.

[@willbennett1272]

This is why most contractors charge close to 125 an hour. Which is actually a really good price for a good contractorz

[@Hector012085]

Why would anyone just charge $75 an hour?! Nah it’s gonna be several other fees on top of that 75 an hour? You know what? Let me add in a $200 diagnose fee as well.

[@anthonylombardo4829]

that is why you charge by the job and not the hour

[@joseph7105]

OK I'll start charging $150/hr. Why didn't I think of that

[@FatherLarper-rz9kw]

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

[@lobsterstrange]

@@FatherLarper-rz9kwhow long you doing it

[@carlosrosa9234]

That's reasonably

[@TheDeal4412]

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.

[@kristopherhasenbuhler5393]

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

[@A2ZGeek]

I’m $100/hr it’s easier then most people think, I replaced a $100k year job and do better and work half the time.

[@Lambo.Three16]

How do you get leads

[@mikedeck8381]

I knew a guy who was charging 80/hr per man hour. He didn't always have a helper but if he did, it went up to 160. That was back in the 90's. He actually charged by the hour he didn't estimate his time. He charged for the actual time. Yeah by today's standards you should be charging 120-200/hr depending on your market. If you can't get customers to pay you that then you better be real efficient.

[@themiddleclasstaxslave651]

There is more to this than this breakdown. If done correctly, so you work 60hrs a week, but still pull in the 150k? That’s almost $50 an hour. For the record, I wouldn’t charge per hr though, I’d charge by the job. Plus you can tax shelter your earnings through a Solo 401k and business write offs (yes tools are not dollar for dollar but you can theoretically trade taxes paid for tools) all the invoicing, you can sub that out to an app…. Write it off. A lot of solutions for what hurdles you are throwing out there. Plus, you are your own boss. Pros and cons to both, but making money as a handyman/home remodeled … very doable in this market. I can’t even people to pick up the phone. Trades people are calling the shots in this economy

[@jackjack4412]

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

[@themiddleclasstaxslave651]

@@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

[@chrisburns5691]

@@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.

[@goodcat4644]

This man is correct, listen to him. Play this video back at lest three times to understand the point of this monologue.

[@WhoGoneStopMe925]

How long have you owned your handyman business?

[@josephmills871]

I don’t do anything for less than $95 whether that’s per job or per hour. Realistically if my averages don’t exceed $125 there’s an issue and real talk you shouldn’t go to someone’s house for less than $150 The jobs I do for $95/hour or per job they have a ton of stuff figured out for me. Parts already ordered and shipped to either me or the customer. No invoicing. No estimating. Just labor. My lowest paying partner at $95-$160/job is still my favorite because they do so good at having stuff figured out for me and they are just consistently giving me work. Their jobs average me 15-35 minutes to complete, maybe 30 minutes drive time so 1 hour per job. Average pay for all the jobs annually is around $125. Love it. If I could fill my schedule with nothing but their jobs I would. But you’re right. The more you have to do the more you have to charge. One company I work with I have to order parts for. If I install parts for that company I get paid $180 if I take pictures I get paid $110 if I do a second trip I get paid $250.

[@MichaelJohnson-]

Lmao. I used to do 7 days a week sun up to sun down. I got better at taking time off, but you're going to make 6 figures as a Handyman/woman if you're young and die hard. This video is half truth and half worst case scenario.

[@jackjack4412]

How much did you make after taxes and expenses?

[@workhorse1594]

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.

[@jackjack4412]

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

[@The_Gallowglass]

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

[@michaelwalker9734]

Good video. You made a lot of good points. Keep the videos coming boss.

[@TheDeal4412]

First off, most handymen have minimums. If they are driving to your house, minimum 2 hr charge whether it takes 10 minutes or 2 hours. So 4 customers a day max, maybe 2-3 on average as some jobs will be longer. Even if you get only 30 billable hours a week that is still $117k, then deduct gas expenses and other costs, should still be around $90-100k/year which is respectable for a handyman.

[@ligyron2835]

Construction on any scale is very profitable provided you know what you are doing. I’ve been in construction my entire life and I’ve made more than any of the doctors/lawyers I’m friends with. It’s really not rocket science. Pick a trade/s and get good at them. General markup on material should be 20-30% above your cost to account for time/delivery/scheduling. Labor is dependent on the trade but general rule is 75-150hr. I typically offer “discounts” if I’m bundling a lot of work together for a client and I offer a cash discount as well if they are willing to pay in cash. When I started as a “handyman” on my own I was making 500-600 a day just hanging TVs, ceiling fans/lights/pictures and some minor plumbing. Now I basically do everything and I average 1500 a day. Some days are small jobs but then I’ll get a 15k job replacing windows and doors on an entire home for example. The key is just to get started and scale up as you go.

[@multidinero]

Locksmithing, for example, doesn’t come to your door for less than $200. And that’s for showing up! Custom woodwork is at $100 per hour labor. You need to charge another 50% to 70% for business revenue. He’s 100% right. You will undercut yourself if you think he’s not making sense. You can decide to not take his advice, and that’s fine. However, at the least, you should split the difference.

[@railoptics1811]

i charge 100-150 depending on location and kind of work take it or leave it 90% of the time they bite!

[@The_Gallowglass]

He's not accounting for tax write offs for your vehicle, tools, phone, advertising and marketing expenses qualify for tax deductions, and even business insurance can possibly be written off. If you have a vehicle that is 6000lbs or more for your business you can depreciate it out in 1 year rather than the projected life of the vehicle, meaning you can write off some or all of the price you paid. Look up section 179. That can be used for vehicles smaller than 6000lbs, but it can be depreciated over 2-3 years instead. That's if you need equipment RIGHT NOW and can't wait to reap the benefits of standard deduction/business miles. Talk to an accountant folks and see if you can make it work for you.

[@tallbrian100]

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

[@jbraborn]

I'm charging hourly PLUS materials, and I only plan to do that until I learn how to better price jobs. I still don't hame enough at the moment, but that's because pricing is the hard part😅

[@ChipChurp]

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

[@lobsterstrange]

@@ChipChurpmake a video about it we will watch it

[@danbiss87]

I do $100 for first hour, then $50/hr thereafter. I work 6 days a week, im off to work at 7 and back around 7pm. On average | make 3500/week. Its tough, however the expenses aren't as he puts it here. I spend about $150 in gas per week, $87/month insurance, around 3k in vehicle maintenance per year, $500 license fees. I also own a rental property, which offsets a lot of taxes at the end of the year

[@reno911yo]

This guy is absolutely right

[@mav8903]

Handyman is no better than a lawn man. Any chuck in a truck can do it. Get specialized.

[@mr.kenslifeshop4034]

Unfortunately this is the cold hard truth. And you can’t tell people that you charge $75 an hour you need to bid it to try to get that. This is why most contractors coming at just over, broke at the end of the year.

[@wereallyrollin6680]

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

[@mr.kenslifeshop4034]

@@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.

[@threezysworld8089]

​@@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? 🤔😂

[@WakkNoliaCheese9st]

@@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!

[@jckdnls9292]

This guy is in the wrong business

[@tarynblair9544]

I charge for drive and invoice time

[@robinirizarry]

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

[@benjaminday3868]

I worked for a Handyman for a minute, and made $24 dollars per hour out of the $125 per hour he was charging. (I was working alone if I needed an extra guy it was $125 extra per hour for the customer.

[@michaelcatalanottohandyman]

I have a silver handmade bicycle chain bracelet . Yours looks good

[@bkjamesot918]

Ive been charging 55/hr and people still think its too expensive. Im broke now and cant find work

[@Handymanprocess]

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.

[@AlstarPalmer]

Well, my rate just went up

[@shahabjavidfard7699]

Tnx for your useful contents, what university major is suitable for being a handyman?

[@homemprovmentguy]

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

[@DavidSiniawski]

Well, it sounds like a lot of money, but it really is not. Materials are really expensive. Gas is really expensive and if you're paying taxes on it, you might as well figure 28 to 30%. You would be lucky if you walked away with $45,000. A lot of these people are calling themselves handy a man. But they're really doing very skilled labor which is more expensive? If you're installing a toilet or doing plumbing or sweating pipe, it's going to be more expensive than putting in a smoke alarm

[@renevillegas8450]

All i gotta say is, W2

[@Nino1Hunned]

But that’s 60 grand of YOUR money. And YOUR business think about it ppl. You are barely making 60 grand at a company that will fire you at any time for any reason especially if you are in an “at will” state and that $60,000 doesn’t include the bigger opportunities that can open. And the freedom to say “I don’t have to work this week” and you’re touching your pay daily. Not a week or two later

[@The_Gallowglass]

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

[@Luckingsworth]

This is all true but $60k is still good money and the absolute most important factor is the freedom of working for yourself. I can make the same $60k working in a warehouse but im stuck there 12 hours a day. Much better to do work where you can choose to go home for lunch, take a random day off to spend time doing what you love, etc.

[@Specl009]

I’m 12

[@MichaelJohnson-]

🤣😂

[@michaelterrell4585]

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 👍

[@MountainBlade]

GET TO WORK!!

[@ccc822007]

What you don't know.... marketing, and other business expenses are tax deductable.

[@tonychavez3679]

His hands look soft.

[@troycarpenter3675]

Yeah

[@ryanconstructs]

So true but what would you charge?

[@tightbhole420]

depends how you define "handyman" if you do something other than repair jobs where you can stay busy a week at a time your efficiency is going to be way higher than what this guy is describing

[@yddeogn]

facts

[@tallbrian100]

I can get a job for $37 an hour and make 76000 a year and have health insurance, paid holidays, vacation, 401k with match, HSA account. Working for your self you will be lucky to bill out 30 hours a week. Even $100 an hour does not touch a good job.

[@homemprovmentguy]

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.”

[@lucasroskelley]

Literally

[@RudyR-zj6fp]

75 time 40hrs =3000 a week where do u get 60k a yr ????

[@mr.notimportant]

Right lol

[@michaelcatalanottohandyman]

Don’t charge by the hour. Think inside your head know many hours it takes to complete a project and calculate your rate accordingly but some jobs, as a handyman, can pay up to $1000 an hour. No joke.

[@mrtahoe]

I’m ok with tha

[@poeticanswers]

152k per year... all those expenses are about 52k, I see you walking away 100k

[@devaughn2459]

Hmmmm yeah that sounds about right 60 grand a year after working a couple years in the army use the from that to higher 2 people keep working along side the people repeat the process until I have a skilled team repeat until I have so many skilled workers I’m tich be a multi multi millionaire in my 50s 🧐

[@Uglier.]

you think you’re cool with that hat😂

[@AlstarPalmer]

Be nice, the poor guy is balding, lol

[@marcoi7035]

some people bitch about everything !!

[@KINGKUSHORLANDO]

this is 100 through exactly what I did last year a little less actually

[@Rev-di1vl]

Learn english first homie

[@ericbmusic]

still decent

[@azeemali7102]

Plus advertising cost is at least 5k

[@matthewbrunner501]

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

[@randomphantom6499]

Who the fuck is only charging $75 an hour? And who the hell is spending so much on gas and insurance.

[@outcome2715]

As a handyman , your working for the wrong company if your paid hourly simple as that lol.

[@autodidacticartisan]

I charge 40/hr living in California. Working 6-7 billable hours a day. I work 10-12 actual hours a day. I'm 26 and am maybe a year or 2 away from buying a house. That said if I didn't have my girlfriend who has her own hood job or if we had a kid or two I'd be barely scraping by

[@The_Gallowglass]

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

[@theantianimeassociation7574]

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

[@The_Gallowglass]

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

[@AzeveidoMateus]

This can’t be accurate. You’re telling me that as a handyman you have almost 100k of overhead annually? In what? Tools and vehicle expenses? What in the world kind of tools are you buying on an annual basis for 100K as a handyman?

[@bingobunga8995]

Good luck getting enough clients to be busy 40hrs a week. I can get barely one customer per week and that’s with advertising.

[@TheJoeMoneyShow]

Should be making $200 a hour

[@Obiwan116]

This is basic knowledge when it comes to running ANY business , it’s truly sad that most people don’t know any of this basic stuff you are teaching ,

[@The_Gallowglass]

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.

[@oneness1_]

Your math doesn't add up mister😅

[@anthonymort5202]

Wow so you get to own your own business not take s*** from anybody and you might maybe maybe make what is it triple minimum wage

[@drummernicky3423]

Math ain’t mathing

[@Jesusisnumberone5740]

Probably to discourage people from doing what he is doing

[@HandyManIAm]

Then your PNL looks terrible, you’re not writing your expenses off and you have to be working like half the year! Tools, insurance, gas, supplies are yes all expensive!! However, they are all tax deductible as well!! If you are working 40 hours a week and making $75/hr exactly how you said, and you’re only walking away with $60,000?? That’s less than half of the $144,000 that went through your hands! That’s on you, or someone in your tight circle is ripping you off!! So please make a video explaining where $84,000 went that is all written as a loss! Doesn’t make sense! Sorry not trying to be negative Nancy just doesn’t add up. But, I don’t claim I know it all either. I wish you the best of luck!

[@Real_token1]

Bruh where tf you get the 60K from🤣. I love how you’re talking about gas like you don’t have to pay for you gas for literally any job. 10% taxes goes to the government and that’s IF you claim it all. I’m 18 making an easy 80K under the table right now a year doing this shit. You got yo shit backwards.

[@sheldonburkholder6635]

So the point of this video is what?

[@Michael-ek2eb]

I’m paid $35- $40 an hour and over the course of 6 months I bring home $70k. Stop trying to be a business owner. Just work your ass off for the right company.

[@The_Gallowglass]

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. ( :

[@fbanda20]

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

[@ANARMYOFGREATS]

Cap

[@jhands1988]

Total nonsense. 40 hours a week billable is $156k. Take 2 weeks off that’s still 150. Taxes/ insurance etc. you still profit $110. If you aren’t hirer an accountant and stop listening to dumb people in trucker hats.

[@coreyfranco7060]

Who said that a handyman is worth that money? No way 150k lol, maybe $150 cash per day, thats it...

[@Stephanie_12345]

Charging $200 per hour as a handyman is outrageous!!! Handymen are becoming entitled to $150,000 per year salary... Really.... Then a physician, dentist or attorney charge ALL Handymen $500 per hour since they are now top 10% of wage earners. This Handyman really sounds he entitled.

[@sledgez2303]

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"

[@nftguyna1772]

I’m charging $25 - $30 an hour

[@chrisburns5691]

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.

[@CGravely-in2sl]

You think that you'd only get 60 Grand?.... Buddy almost all those things are tax deductible if you own your own business...

[@twigmasta]

Doesnt even cover your cocaine and beer

[@wereallyrollin6680]

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

[@madmike7934]

This dude just trying to discourage people and most people don’t charge by the hour they charge by the job