Hi Nick, I'm enjoying the Real estate accounting boot camp. Can you advise me on how to charge for monthly bookkeeping service for a real estate investor with 10 properties with 5 units each. I'm trying to set up a pricing framework. TIA
Hi! Great question! I would suggest a "By Unit" approach....So you are managing 50 units...I think something like $15 per Unit" might make sense. Of course it depends on complexity. I would sanity check the "Per unit" price against what you actual think the time commitment would be per property. E.g.....let's say you want to charge $100 per hour. You estimate that you will spend 10 hours per month on this clients books. You'd ideally want to be around 1,000 total. That would be $20 per unit.
can it be done as freelancing, do we need to have a physical office or firm
Do you teach receipt management for business owners and real estate investors in your course?
Yes! We dig into receipt mgmt in Real Estate Accounting Bootcamp! bit.ly/3xaBohM use code UA-cam50 for $50 off!
Hi Nick, I'm enjoying the Real estate accounting boot camp. Can you advise me on how to charge for monthly bookkeeping service for a real estate investor with 10 properties with 5 units each. I'm trying to set up a pricing framework. TIA
Hi! Great question! I would suggest a "By Unit" approach....So you are managing 50 units...I think something like $15 per Unit" might make sense. Of course it depends on complexity. I would sanity check the "Per unit" price against what you actual think the time commitment would be per property.
E.g.....let's say you want to charge $100 per hour.
You estimate that you will spend 10 hours per month on this clients books. You'd ideally want to be around 1,000 total. That would be $20 per unit.
Can I start with zero dollars
Yes...I did! You won't get to six figures right away. You need to start small, deliver tremendous value and build up the business step by step.