. Swan, Addie May (September 26, 1936). The Daily Times. Davenport, Iowa. Retrieved July 7, 2017 – via. The Eugene Guard.
Eugene, Oregon. August 18, 1940.
Retrieved July 7, 2017 – via. Levere, Jane (January 30, 2017). Retrieved July 7, 2017. A voracious reader his entire life, at age seven he read a book he borrowed from the library, One Thousand Ways to Make $1000, and, inspired by its lessons, began selling Coca-Cola, gum and newspapers.This article about a book on or is a. You can help Wikipedia.
Five Ways to Rev Up Your Mitigation Revenue.Would you like to make $1,000 an hour?Did you know that you’ve already got the tools to do so? You’re probably already doing these things.
But you’re not getting paid for it if you’re not properly documenting your losses.A properly trained and equipped Water Technician should be creating at least $1,000 per hour of revenue for his or her company.Do you know what your hourly revenue is currently?For better or worse, we all have to use Xactimate for water damage estimates (aren’t they actually bills?). If we have to use it, then why not find every line item available to help our bottom line? It’s plain and simple—master your Xactimate and make more money.Here are five simple things that your crews are likely already doing. These are things, that if written down properly, can generate real profits for you.
For our example, we’re going to imagine a carpeted room with wet carpet measuring 10 x 10 (100 ft 2 of Floor Area). – Xactimate Code: WTR-MASKFLYou charge: $0.41ft 2 Time to Install: 3min Revenue/Hr: $820Floor masking is adhesive-backed plastic.
It comes in rolls and is applied using a. I recommend using it on all entry and traffic areas that the crew will walk through during the course of their work.
Just make sure it gets removed once the drying is done. –Xactimate Code: WTR-PROTYou charge: $0.29ft 2 Time to Install: 1.5min Revenue/Hr: $1,160is cheap to buy and fast to install. You can get it in standard so you don’t even have to waste time cutting. And at 29 cents a foot, each sheet is 31 bucks in your pocket! Protecting is one of the most profitable things you can do on a mitigation job. I recommend the method: put it on everything!
The key to proper documentation is getting the entire area extracted into your notes. Water Extraction Weighted – Xactimate Code: WTR-EXTWYou charge: $0.92 ft 2 Time to Install: 4min Revenue/HR: $1,380If you don’t own a,. A lot of people say that they take too long and aren’t worth the hassle. A lot of people are allergic to money. If used properly, weighted extraction takes a little longer than a regular wand. And the price per foot is nearly DOUBLE! At almost a DOLLAR per foot extracted, your ROI could be less than a day.
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– Xactimate Code:WTR-GRMYou charge: $0.22 ft 2 Time to Install:1.5min Revenue/HR: $880Using germicide spray isn’t as profitable as extraction, but it is something that a lot of mitigation contractors forget. Using sends the signal to your client that you care about them and their environment. It’s also a nice CYA method that you can charge for.
No, not personally. I operate on a different side of the market than actual “restoration” contractors. Most of my work comes from restoration contractors who want help with their Xactimate estimating. There are many insurance contractors and water damage companies who DO market to plumbers by way of “finders fees” and commissions. I could write my opinion on the efficacy of this approach, but I don’t have the time right now.As far as starting in the restoration business, a great place to start would be LinkedIn.
Do a search for groups, join, and then get involved.The profit margins are shrinking every day in the insurance repair industry. TPA’s and insurance carriers are finding new ways to cut costs (your profits) at every opportunity. There are many folks who jump in every year, only to get their buts handed to them due to lack of knowledge and preparation.Best of luck Mark. Great question Dan. I could write a chapter about “approved” charges.
In the end it comes down to two things 1)vendor relationship and 2)invoicing methodologies.If you value a relationship and have to aquiess a certain line item in order maintain it, that’s what you do. At a certain point we all have to realize the reality that Xactimate “invoices” are anything but reality. It’s an imperfect interpretation tool that we use to quantify our services. Some items we make more margins than others. If I have to “give” an hour of labor, I do so knowing that I’m “getting” high margins on something else.
That leads to my second point.If you are using Xactimate for your invoicing, that equipment “labor” is a negotiable item. If, however, you bill a straight T&M, you are entitled to whatever actual labor it took to get the job done. You can’t mix the two. You can’t have it both ways.Choose for yourself what is the best method of billing for your company, and stick to it. Adam, sounds like you’re working your ass off my friend. It sounds like you’d make a great owner/operator.If you’re billing and collecting, I recommend tracking all invoicing for your own records and track as best you can the expenses.After a month, you should have a real accurate idea of what you are generating as far as revenue for your company.I think 25% of revenue with labor taken out is great. I would like to see labor as a firm dollar amount on a monthly basis, instead of a percentage.
Kind of like a salary and bonus. That way costs are still locked, but you don’t have a regressive percentage taking out of your bonus.You should probably check out the 24HR TECH atHave your owner buy the video training package for you.
It will help your profits and documentation. Andy, I recently purchased your video training course which I believe includes the 24 hour tech manual. If I’m not mistaken you, I could be completely wrong, but I believe that cost included one or possibly even two Xactimate estimates prepared for me.
How do I go about getting those estimates? Also, I clicked the resources link on this page and then clicked on the Xactimate services, but I get an Error 404 page.
Just a heads up.Thanks for all the valuable information Andy, I am really enjoying the videos!. Good Afternoon Andy.I do apologize, I would have gotten back to you much sooner but or some reason, I hadn’t seen your earlier reply.I have several water mitigation/restoration projects that we are currently working on and I am interested in speaking with you about having you do the Xactimate estimates for these projects. Feel free to give me a call today if you can find time in your schedule.Thanks again Andy and I hope to hear from you soon.Chuck DoucetDoucet Services, LLCLafayette, LA 70506(337)224-4607. My claim adjuster said my mold wasn’t under central air and only put in to scrub one room cooled by a miniSplit AC this is not the case and my house is blown away ( I noticed a leak 1morning turned out to be the toilet so I ripped half my downstairs ceiling out which was covered in black mold with white circles growing in it I have 2 kids so I went out and bought a commercial dehumidifier/air scrubber/mover and a antimicrobial fogger to do the job myself but I plan on fighting for more money. What should I charge per day for a 1: air mover 2: dehumidifier 3: air scrubber.
Andrew, Thanks., I wish I could show you a pic. The adjuster who came out said since I took the drywall down their wasn’t 10 square feet of mold for her to see she didn’t need to have a mold person come out even in spite of the pictures I showed her she did tell me ” if your kids get sick or start having breAathing problems call and we will certainly come back and treat the house” if you want to charge me or you have a book I can buy let me know I don’t expect anything for free I did call 2 mold remidiation companies but they wanted me to sign over my entire claim and make me responsible for any overages also subject my home to a Lien.
I would be happy recovering simply the cost of equipment. Ryon,At this point you’ve got to escalate the issue. Find the claims supervisor.
Get them on the phone and explain that your next step is to refer your claim to the state insurance examiner.Send all your documentation to the claims supervisor, reference your claim number, and show them the total dollar amount you’ve come out of pocket to date.That’s it man. You can’t control the adjuster, and you’ve got to get mad.There is no magic words that I have that will make them listen to me any better than you. Andy,Just One Questions For you. My dad And I own a water/fire Restoration. We are pretty small just the 4 of us.
Me and my parents talk about this all the time, because when I do the estimate mine are always higher then when they do them. I add ever little thing I can and they do not.
Is it better to squeeze ever last dollar out of an estimate and make it as high as you can. There are endless amount of thing you can add on to an Xactimate estimate with the right photo and note, but do the insurances like it when we turn in a 15 page invoice with a bunch of little things added on to them to make it even higher?
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Is it worth the hours in the office or should we do them short and sweet and focus on getting more work?. There is always a balance.Xactimate is a tool like any other.
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If I takes a couple keystrokes to add a couple hundred dollars, what’s wrong with it? Adjusters need estimates that will pass their internal audits, that’s all.Each company and program is different, but once you learn the rules all items in the Xactimate database are fair game in my opinion.If you’re not writing estimates at a rate of $10,000/hr, you may want to hone your skills or find someone to wrtie them for you (hint, hint). Good Afternoon Andy,Foremost I want to thank you for the awesome videos/blog that you have created. They have been very helpful as I am new in this field.A little about me: I am a licensed mental health counselor and recently got into the restoration business with my partner. I understand how to work with insurance adjusters/agents and generally understand the restoration industry. However, being in the health care field most of my life- I am finding it difficult to learn Xactimate and what codes to use to create a estimate. I am eager to learn how to create estimates in the most effective way.
Would you be able to give me any guidance or resources?I highly appreciate it!Julia.