| Posted By |
|
|
|
| | |
|
Ottawa, Ontario
Posts: 8
Joined: Jul, 2011
|  offline
|
|
|
|
| |
 |
Oswego, NY
Posts: 1737
Joined: May, 2008
| offline
|
|
|
|
| | |
|
Ottawa, Ontario
Posts: 8
Joined: Jul, 2011
| offline
|
|
 Inspector Insight
[#3] Posted: 03/20/2012 - 07:35:28 AM |  |  |
|
Forgot to mention I live in Canada so 70K is taxed quite a bit. Inspecting would be above and beyond my salary.
|
| |
|
|
| |
 |
Chicago, IL
Posts: 9506
Joined: Dec, 2003
| offline
|
|
Inspector Insight
[#4] Posted: 03/20/2012 - 08:16:49 AM | | |
|
You will lose money your first year, probably the 2nd, maybe the 3rd.
Sounds like you have a good gig. Why screw it up?
|
Kurt in Chicago
"If I smell it, it goes in the report".............Phillip Smith...2012
|
| |
|
|
| | |
|
Ottawa, Ontario
Posts: 8
Joined: Jul, 2011
| offline
|
|
Inspector Insight
[#5] Posted: 03/20/2012 - 08:43:11 AM | | |
|
Well I'm not leaving the current position I would like run my business part time. You guys make it sound like a crappy business to be in!? I also think the economy and housing market is quite different than the states right now. Im in a hot real estate market but that could change easily. Do you really think I would run a loss for two years and why?
|
| |
|
|
| |
 |
Lafayette, Louisiana
Posts: 3857
Joined: Nov, 2009
| offline
|
|
|
|
| |
 |
Collins, NY
Posts: 3143
Joined: Apr, 2008
| offline
|
|
Inspector Insight
[#7] Posted: 03/20/2012 - 09:33:03 AM | | |
|
| Quote: Originally posted by davelee83
I also think the economy and housing market is quite different than the states right now.
If it weren't for the wife and kids I'd expatriate. I'd gladly swap your tax load for my insurance bill. Between taxes and insurance I get to keep 47% of my gross at the day job.
Quote: Im in a hot real estate market but that could change easily. Do you really think I would run a loss for two years and why?
It'll be 4 years part time in May for me. We'll see when the wife's books are done if I lost enough money to cover her tax bill, she skips the quarterly estimated with-holdings.
|
Tom
http://clearcreekhomeinspection.com/
Life is tough enough as it is, it's tougher when your stupid. Don't do stupid things.
Dr Joe Lstiburek |
| |
|
|
| | |
|
Oswego, NY
Posts: 1737
Joined: May, 2008
| offline
|
|
Inspector Insight
[#8] Posted: 03/20/2012 - 10:25:32 AM | | |
|
That's right, Tom. We're starting year five in May. Do we get a pin, a patch, a lobotomy, or something?
Dave, it really is a fun job, but you've got the deck stacked against you right from the start.
You will not be welcomed with open arms by the folks who stand to lose the most as a result of an inspection. The same people who control the referral system. If you're going to make it, you're going to have learn ways to side step your way around it.
Do you have good people skills. Do you have any sales training? Do you have any home remodeling or building experience?
If you do, that's a good start. Be prepared to be humbled by what you don't know and to learn what you need.
Good luck.
|
I'm Gary Blum and I approve this message
www.gtbinspectionservices.com |
| |
|
|
| |
 |
Linden, MI
Posts: 225
Joined: Feb, 2004
| offline
|
|
Inspector Insight
[#9] Posted: 03/20/2012 - 4:46:54 PM | | |
|
70K, full benefits, retirement, no liability, clock out at the end of the day and not think about until the next day!
I'd gladly take that job over my inspection business.
|
Mark Mustola
ValueCheck Home Inspections
Linden, MI
www.ValueCheckInspections.com
|
| |
|
|
| |
 |
Louisville, KY
Posts: 1234
Joined: Jan, 2010
| offline
|
|
|
|
| |
 |
Gaston, Oregon
Posts: 8089
Joined: Dec, 2003
| offline
|
|
|
|
| |
 |
Swansea, IL
Posts: 1352
Joined: Mar, 2006
|  online
|
|
Inspector Insight
[#12] Posted: 03/21/2012 - 04:59:54 AM | | |
|
I grossed $27,463 my first year of business working full time, after expenses (which are a lot to start up) my wife was ready to kill me... keep your day job.
|
Mark A. Perry
www.ahis1.com
|
| |
|
|
| |
 |
Eureka, CA
Posts: 449
Joined: Jun, 2009
| offline
|
|
Inspector Insight
[#13] Posted: 03/21/2012 - 11:32:11 AM | | |
|
I'm starting my 6th year. I came into it all red, white, and blue. That is informing the client about everything. Most of the Realtor's just as soon I drop dead. They own our area. The public doesn't know the difference between an appraiser or home inspector. They ask their Realtor what to do. The good old boys here are 1hr inspectors. They tell me that the Realtor's just don't want to have to hang around more than 1hr. My clients really appreciate my reports, but I'm lucky if I get one a week. It may hit for me some day. I'm 58 and just as soon make peanuts at this very rewarding (other than the money) job than be a salesman at Sears. I used to make good money as a claims adjuster, but got downsized out of that in 05, which I thought would never happen. 
Don't do it and enjoy your time off. But you never know when you'll get axed from your job.
|
| Denny Waters |
| |
|
|
| |
 |
Samantha, AL
Posts: 1569
Joined: Sep, 2004
| offline
|
|
Inspector Insight
[#14] Posted: 03/21/2012 - 4:32:43 PM | | |
|
I when from part time to full time back to part time when the market crashed. I when back to full time running jobs( HVAC) and inspections in the afternoon and weekends.
I don't get to spent time with my family. I do not make much more than you do and do not have the benefits.
I like helping people with their homes. I suggest just do the day job and spent time with your family.
|
Have a good day inspecting.
Phillip R. Smith Sr.
Samantha (Tuscaloosa) AL
www.homesweethomeinspectionsal.com
"When you inspect crap, you find crap." Phillip 2010
"Always desire to learn something useful."
- Sophocles
|
| |
|
|
| |
 |
Spring Hill (Nashville area), Tennessee
Posts: 3384
Joined: Nov, 2003
| offline
|
|
|
|
| |
 |
indy, IN
Posts: 291
Joined: Jan, 2011
| offline
|
|
Inspector Insight
[#16] Posted: 03/21/2012 - 6:20:23 PM | | |
|
After 5 years of inspecting an average of 1 every other week with 18 years of remodeling and contracting experience on my side, I still love every inspection I complete. People texting me how much the seller dropped the price or that the deal was mutually "killed", makes me feel like my fee was worth it. I actually have a realtor that likes honest and thorough inspections, but he seems to be the only one. I have started to get customer referrals though.
It's true, part time sucks and I occasionally wish I hadn't quit carrying the mail 18 years ago to work for with my brother in construction. If it wasn't for that mistake I'd be livin' the retired government work high life in 12 short years @ 60 years old.
The moral to my story is; If you can wear blinders and do the job, keep the 70k and benefits.
|
| |
|
|
| |
 |
Kenmore, WA
Posts: 15394
Joined: Dec, 2003
| offline
|
|
Inspector Insight
[#17] Posted: 03/21/2012 - 6:42:36 PM | | |
|
Scott,
That had to be tongue-in-cheek. If not, what the hell have you been smokin', Boy?
ONE TEAM - ONE FIGHT!!!
Mike
|
| |
|
|
| | |
|
Ottawa, Ontario
Posts: 8
Joined: Jul, 2011
| offline
|
|
Inspector Insight
[#18] Posted: 03/22/2012 - 07:07:05 AM | | |
|
Thanks for the input everyone. I will continue my courses at my local college because I love continuing education. I'm lucky because my employer provides training and courses for property standards and building code.
Like I said earlier I'm not going to leave my job. I recently got a sh*tty cancer diagnosis. My treatment last year would've cost my over six figures if it wasn't for canadian health care and benefits. By now you think I'm probably more crazy for pursuing this but the courses are giving me something to do in my time off work. I'm not the type to sit around and dwell on being sick.
What are you biggest expenses with your business? E & O?
|
| |
|
|
| |
 |
Canton, Ohio
Posts: 284
Joined: Jan, 2004
| offline
|
|
Inspector Insight
[#19] Posted: 03/24/2012 - 2:23:16 PM | | |
|
Dave,
I am interested in the college HI courses you are taking. Could you provide the name of the school so I can look up the course outline.
Is this for a Degree or Certificate? How many hours?
|
Ezra Malernee
Canton, Ohio
www.ezrashome.com
|
| |
|
|
| | |
|
Ottawa, Ontario
Posts: 8
Joined: Jul, 2011
| offline
|
|
|
| |
|
|
