|
|
|
|
New Member
|
|
Jul 30, 2011, 06:38 AM
|
|
What is the average bid for apartment turnovers 1,2,3 bedrooms?
I am just getting started in apartment turnovers what would be the average bid on turnover
|
|
|
New Member
|
|
Jul 30, 2011, 06:46 AM
|
|
Tips for apartment turnovers when just starting?
Hi I am just getting started in commercial property cleaning, so therefore I have a small business that I want to grow properly. I have just been excepted at this 1 property for apartment turnovers, so far so good I think Im just nervous in getting the ight people to help me as I grow and stay specailly with pay out being on a monthly basis.Im OK this is more for the employees right now I have this 1 guy who si a very very good worker and who is willing to wrk wth me on that, But they turovers are coming fast ! Thank God but I have also just submitted another proposal so Im praying to get that 1 as well. Is there someone who has experienced this before and can give me some do's and don't Im willing to be patient and listen?
|
|
|
Uber Member
|
|
Jul 30, 2011, 07:13 AM
|
|
In Manhattan NY, Honolulu Hi, or Pigeon Forge, Tn?
|
|
|
New Member
|
|
Jul 30, 2011, 07:24 AM
|
|
Hi smoothy but I don't sse your response
|
|
|
current pert
|
|
Jul 30, 2011, 07:25 AM
|
|
You have an employee? That's the biggest question in all this, because if you are an EMPLOYER, do you have a federal and state EIN and all the necessary knowledge and paperwork to withhold and submit taxes and pay unemployment taxes and workmens comp and all that? It's a lot of work, whether you have 1 employee or a dozen. Please Answer using the button below.
If you have this 'one guy' and you aren't set up as an employer, then the only other option is to pay him as a subcontractor, and that has problems. Technically he can't use your equipment and work on your premises and has to have his own comp insurance, something I doubt he has. So although you might get away with just paying him and issuing a 1099 at the end of the year, I know people who got caught and were fined thousands.
|
|
|
Uber Member
|
|
Jul 30, 2011, 07:27 AM
|
|
Hello B:
He's looking for your location... Real estate in Podunk, OK is going to be a lot CHEAPER than real estate in NY City..
But, beyond that, I don't know what you're asking either. Please explain exactly what you have in mind, and we can help.. I don't know what an apartment turnover is..
excon
|
|
|
Expert
|
|
Jul 30, 2011, 07:28 AM
|
|
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.
|
|
|
current pert
|
|
Jul 30, 2011, 07:29 AM
|
|
You forgot to mention that you are talking about cleaning contracts, not rental, painting, or repairs.
And smoothy's response is a good one - where are you?
|
|
|
New Member
|
|
Jul 30, 2011, 07:38 AM
|
|
Comment on excon's post
Hi an apartment turnover is when u get an apartment cleaned and ready for another tenant to move in. I have all my proper paper wrk, I am the owner and I have PT employees and I already have the service contract. Praise God I just answered these extras because I saw someone asked. Abut who I am and employees and I hve EIN # this is just my 1st service contract since I got my insurance last week and works comp together, so Im just trying to figure the averg. Bid these days dealing with turnovers. We are located in the wash dc area.
|
|
|
New Member
|
|
Jul 30, 2011, 07:41 AM
|
|
Comment on joypulv's post
Hi am in Wash, DC area and my company does the cleaning only, yah somehow I didn't see smoothys response Im new to this site so maybe I missed it somehow
|
|
|
Expert
|
|
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
|
|
|
Uber Member
|
|
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
|
|
|
New Member
|
|
Jul 30, 2011, 07:44 AM
|
|
Comment on Fr_Chuck's post
We are in Wash DC my company cleans only, the painters are separate contractors all we do is clean Im 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 Im just in the process of looking for more pt helpers who are willing to work wth me as we grow.
|
|
|
New Member
|
|
Jul 30, 2011, 08:06 AM
|
|
Comment on smoothy's post
I'm in wash dc what is the going rate of an apartment turn over?
|
|
|
current pert
|
|
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.
|
|
|
New Member
|
|
Jul 30, 2011, 08:44 AM
|
|
Comment on joypulv's post
Yah thanks but to your respnose from earlier is more what I'm interested in now, Im not trying to be in jail or oweing IRS for anything, I need and want this bus to be legite so Ive 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 my gosh I really wasn't aware Im so thankfull I clicked on here this am, I mean juststarting out Im trying to make some$$$$ for supplies and then some so what do I do now and is there a grace period once again?
|
|
|
Uber Member
|
|
Jul 30, 2011, 09:13 AM
|
|
Originally Posted by Brekyron
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
|
|
|
Business Expert
|
|
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, Virginia 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
|
|
|
current pert
|
|
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.
|
|
|
Business Expert
|
|
Jul 30, 2011, 12:46 PM
|
|
Originally Posted by joypulv
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
|
|
Question Tools |
Search this Question |
|
|
Add your answer here.
Check out some similar questions!
View more questions
Search
|