So so true! I'm an investor myself...and the last thing we want to do is spend hours buried in our books. I say this to bookkeepers all the time: Become an expert in this niche and you will always have a job! Thanks so much for watching!
Hi! It depends..and usually a little bit of both! Personally, I love to get projects to a flat fee. That being said, I think there is always a place for an hourly rate. I like to use a comfortable hourly rate to guide the pricing on a fixed price project. Behind the scenes...when considering a flat fee job...estimate the hours, add a contingency, and then add a small discount for the "flat fee" contract. I'm actually working on the exact framework for this right now. This will be part of a specific course on building your bookkeeping business.
Hi! Yes...for now, everything is combined into Real Estate Accounting Bootcamp! bit.ly/4cKoJBK It is taught form the perspective of a RE Investor (me!) That has received amazing feedback...the bookkeepers who go through the course understand exactly what we, as investors are looking for!
Yes! If you enroll in our course and our Financial Master Club, you have the opportunity to be listed on the Bookkeeper Marketplace: bkmk.incomedigs.com/ You can check out REAB here: bit.ly/3xaBohM
Hi! I would imagine the answer is yes...this industry and market is growing rapidly! I think there is definitely value in exploring this niche further!
@@Incomedigs wow, there are clients that budget $7.5k-$10k/mo for their bookkeeping? What’s the profile of this client and how many doors do they have to own for them to have this kind of budget?
Who in their right mind is paying someone $197/hr for bookkeeping? Maybe if you're operating at the assumption it takes 2 hours per month per client, but let's be realistic.
Hi! We have hundreds of bookkeepers doing this right now! This doesn't mean people are paying $197 for "every day" bookkeeping. They're paying for expert advice and setup. The goal is to become an expert in a tight niche and add tremendous value to your clients. When you do this, you can demand very high prices.
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As a bookkeeper, I appreciate this. Real Estate investors are so good at what they do, they need a team to help with admin. 🎉
So so true! I'm an investor myself...and the last thing we want to do is spend hours buried in our books. I say this to bookkeepers all the time: Become an expert in this niche and you will always have a job! Thanks so much for watching!
Do you follow this model? If so, will you take me on as a client?
Thank you Nick!
You are welcome!!! Plenty more to come...I'm here for you on your journey!
Great video! I just wanted to clarify something. Are you charging per hour for your work or do use a "flat fee" method?
Hi! It depends..and usually a little bit of both! Personally, I love to get projects to a flat fee. That being said, I think there is always a place for an hourly rate. I like to use a comfortable hourly rate to guide the pricing on a fixed price project. Behind the scenes...when considering a flat fee job...estimate the hours, add a contingency, and then add a small discount for the "flat fee" contract.
I'm actually working on the exact framework for this right now. This will be part of a specific course on building your bookkeeping business.
Yes I want to be a actual student not just on FB coach
Excellent! Join is in Real Estate Accounting Bootcamp! bit.ly/4cKoJBK
Hi Nick, is the course of investor the same as what is offered for bookkeepers?
Hi! Yes...for now, everything is combined into Real Estate Accounting Bootcamp! bit.ly/4cKoJBK
It is taught form the perspective of a RE Investor (me!) That has received amazing feedback...the bookkeepers who go through the course understand exactly what we, as investors are looking for!
@@Incomedigs Ok, thanks. Enrolled!
Can u help me to get projects?
Yes! If you enroll in our course and our Financial Master Club, you have the opportunity to be listed on the Bookkeeper Marketplace: bkmk.incomedigs.com/
You can check out REAB here: bit.ly/3xaBohM
I live in British Columbia, Canada and i am wondering if we have something like this here.
Hi! I would imagine the answer is yes...this industry and market is growing rapidly! I think there is definitely value in exploring this niche further!
At that 90% utilization, how many clients do you see that bookkeeper working with?
Hi! Good question! certainly depends on the size/ volume of each client...but I would say ~3-4 clients would get you there.
@@Incomedigs wow, there are clients that budget $7.5k-$10k/mo for their bookkeeping? What’s the profile of this client and how many doors do they have to own for them to have this kind of budget?
@@IanCruz Great line of questioning... Also interested to learn the answer.
End-to-End Accounting Course in description not working
Thank You! Sorry about that...link corrected!
Who in their right mind is paying someone $197/hr for bookkeeping? Maybe if you're operating at the assumption it takes 2 hours per month per client, but let's be realistic.
Hi! We have hundreds of bookkeepers doing this right now!
This doesn't mean people are paying $197 for "every day" bookkeeping. They're paying for expert advice and setup.
The goal is to become an expert in a tight niche and add tremendous value to your clients. When you do this, you can demand very high prices.