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What is the average bid for apartment turnovers 1,2,3 bedrooms?

Asked Jul 30, 2011, 06:38 AM — 24 Answers
I am just getting started in apartment turnovers what would be the average bid on turnover

24 Answers
Fr_Chuck's Avatar
Fr_Chuck Posts: 72,965, Reputation: 37216
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#11

Jul 30, 2011, 07:43 AM


Yes, employees,
Workers comp insurance is a must, or one injury and you have to pay all his bills out of your own pocket.

Liability insurance of course for any damage you or him do

You have to pay your share of his social security taxes also, and do the proper withholdings of his check plus deposit them to the correct accounts.

And of course the issue of using your own auto in business work, the insurance company will want your auto to be insured for business use.


*** but to address your question, you check references, and check on the people regularlly
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excon's Avatar
excon Posts: 21,042, Reputation: 15510
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#12

Jul 30, 2011, 07:44 AM
Hello again, B:

We've got an expert here named Stringer who has a VERY successful cleaning service. I'll bet he'll be along shortly.

excon
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Brekyron's Avatar
Brekyron Posts: 24, Reputation: 10
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#13

Jul 30, 2011, 07:44 AM
Comment on Fr_Chuck's post
Quote:
Originally Posted by Fr_Chuck View Post
That is the issue, what is required in the turn over, in some areas the entire apartment has to be repainted, in others they don't require it. ( code in some places)

Next what he is asking, where are you at, the cost to do it in New York City is most likely twice what it is in Atlanta and even Atlanta may be twice the price of Baxley GA.
We are in Wash DC my company cleans only, the painters are separate contractors all we do is clean I'm not even doing carpets yet because I don't have the right machine, a little low on the funds. I just received 1st service contract Thursday so I see the potential I have everything I need as far as paper work is concerned I'm just in the process of looking for more pt helpers who are willing to work wth me as we grow.
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Brekyron's Avatar
Brekyron Posts: 24, Reputation: 10
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#14

Jul 30, 2011, 08:06 AM
Comment on smoothy's post
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Originally Posted by smoothy View Post
In Manhattan NY, Honolulu Hi, or Pigeon Forge, Tn?
I'm in wash dc what is the going rate of an apartment turn over?
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joypulv's Avatar
joypulv Posts: 12,516, Reputation: 9540
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#15

Jul 30, 2011, 08:30 AM
DC is an expensive area and has survived the recession, so don't undersell yourself, that's all I can say.
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Brekyron's Avatar
Brekyron Posts: 24, Reputation: 10
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#16

Jul 30, 2011, 08:44 AM
Comment on joypulv's post
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Originally Posted by joypulv View Post
DC is an expensive area and has survived the recession, so don't undersell yourself, that's all I can say.
Yah thanks but to your respnose from earlier is more what I'm interested in now, I'm not trying to be in jail or oweing IRS for anything, I need and want this bus to be legite so I've been working on trying to get proper wrk, but how to I go about with holding taxes and unemployment, etc? And is there a grace period just starting out my gosh I really wasn't aware I'm so thankfull I clicked on here this am, I mean juststarting out I'm trying to make some$$$$ for supplies and then some so what do I do now and is there a grace period once again?
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excon's Avatar
excon Posts: 21,042, Reputation: 15510
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#17

Jul 30, 2011, 09:13 AM
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Originally Posted by Brekyron View Post
so what do I do now and is there a grace period once again?
Hello again, B:

Good for you for starting your own business. And, good for you for wanting to do it RIGHT!

There is NO grace period in the law. Thinking there is WILL get you into trouble...

Look. You're a specialist in cleaning, and selling your service... Great! Now hire a specialist who knows HOW to set up your company, get the RIGHT licenses, set up your books, recommend the RIGHT insurance, set up your BILLING, and generally make your business EASY to operate... He'll probably know a lot about how much to bill too. That guy would be a CPA. He shouldn't be expensive either... You can find lots of them in your yellow pages or online.. Interview a couple of them. Of course, you can't afford NOT to hire somebody like that.

excon
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Stringer's Avatar
Stringer Posts: 5,465, Reputation: 3830
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#18

Jul 30, 2011, 11:28 AM


Good afternoon,

I only have a moment as we are about to take another month road trip.....YES! North Carolina, Virgina Beach and the Smokey Mountains ..here we come.

I is almost impossible for us to tell you what the turnover for apartments would be in DC. Only a source in DC would be able to at least offer a suggestion, My advice is be prepared for the most or highest turnover. You don't want to turn down work especially to a client that you already have under contract.

Do you know your figures? That is have you calculated all your costs and broken it down to an hourly rate: equip, taxes, admin, labor, profit, etc?

We do not do apartments in my company, it is considered residential we only do commercial.

That being said, if you totally figure all your cost factors you will be able to come up with an hourly rate that would work after you 'walk' each apartment and calculate the time necessary to complete it per the specifications. Always get the specifications in writing or you will have a problem later, (They may ask you to do something that is not in the specs and not want to pay for it).

Anytime that we do 'special jobs' we we use our total hourly rate. In most cases that rate ranges between $15.00 / hour to $27.00 / hour. The higher range equates to very specialized work, I e terminal cleaning in healthcare.

Hope this helps some, glad that you are starting your company the right way. Lay a good foundation B, it will definitely pay off down the road.

Good luck again,

Stringer
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joypulv's Avatar
joypulv Posts: 12,516, Reputation: 9540
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#19

Jul 30, 2011, 12:39 PM
OK, here's the deal: being an employer is a lot of work, and if you only have one person, work out some sort of partnership for now, where you get a higher % of profits and you get all the jobs, or do a semi-legal arrangement where he is a sub. It would take a while to tell you how to be an employer. You could hire a tax preparer/bookkeeper type person to set it up. You CAN do it yourself by reading IRS.gov.
No, there's no grace period. If you have a contract already and this one good helper, pay him for now as a sub, but not for very long. Two months tops. He has to know that you will give him a 1099 at the end of the year and HE has to pay ALL the taxes on it, like Social Security, which the employer pays half for with wages.
Until recently the IRS let a lot of this slip through the cracks but they aren't so much anymore. It would have to be huge to go to jail; generally they just sock you with big fines and back payroll taxes, and you beg to pay the taxes without the fines. Maybe.
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Stringer's Avatar
Stringer Posts: 5,465, Reputation: 3830
Business Expert
 
#20

Jul 30, 2011, 12:46 PM


Quote:
Originally Posted by joypulv View Post
OK, here's the deal: being an employer is a lot of work, and if you only have one person, work out some sort of partnership for now, where you get a higher % of profits and you get all the jobs, or do a semi-legal arrangement where he is a sub. It would take a while to tell you how to be an employer. You could hire a tax preparer/bookkeeper type person to set it up. You CAN do it yourself by reading IRS.gov.
No, there's no grace period. If you have a contract already and this one good helper, pay him for now as a sub, but not for very long. Two months tops. He has to know that you will give him a 1099 at the end of the year and HE has to pay ALL the taxes on it, like Social Security, which the employer pays half for with wages.
Until recently the IRS let a lot of this slip through the cracks but they aren't so much anymore. It would have to be huge to go to jail; generally they just sock you with big fines and back payroll taxes, and you beg to pay the taxes without the fines. Maybe.
All this is right on Joy. We used subs for awhile until we got smart that was about 15 years ago. Not only the IRS but the state will come after you and they will probably do it first. Go a quickly as you can to a standard corporation with employees, we are Sub S the taxes are a bit better.

Stringer
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