Nathan
@homeservguy
Followers
5K
Following
5K
Media
12
Statuses
1K
above-average handyman, bondservant of Christ
Joined April 2023
Another day, another restoration contractor opening up $50k worth of build back for a simple concentrated leak. These guys are unbelievable. Insurance companies need to vet better. Completely unnecessary. Hard to believe this is happening with no oversight.
1
0
0
We’ve been getting a ton of spam calls at work from people/recordings with Indian accents recently. Got a call a few days back, Indian accent, was about to just hang up until I realized it was legit. Ended up being a $40k estimate 😂
2
0
5
We’re still small but these are big wins and I’m extremely proud of the guys on an otherwise very difficult year.
0
0
1
2025 revenue is up 35% YOY and net profits up 100% Provided for over 40+ people directly (employees + family) We‘ve been able to offer up to 80/hrs PTO, two paid holidays, and pay monthly performance bonuses + EOY bonus. Shooting for full benefits by end of Q1.
4
0
6
I’ve yet to come across a restoration company who isn’t out to just rip off insurance. Especially the ones doing build back. Completely unnecessary gutting of walls/cabinets/flooring and the work done is a hack job.
1
0
5
Have a friend who wants to sell painting business. Does ~ $1 mil/revenue at 20-25% margins. Just him and 3-4 guys year round, plus 3-4 during busy season. Certainly gets a ton of *free* leads (very little marketing) What’s it worth?
7
1
7
I’ve had a few guys doing some light renovation work in our bathroom this week. Good reminder of how disruptive interior remodel work is for families, even small jobs. Get those remodels done ASAP! 😂
2
0
1
4 years ago I was driving around doing work orders for PM companies out of my farm truck. Fast forward to today, we’re 14+ employees strong and one of the highest rated remodel/repair contractors in our county. Others have done much more (& much quicker). But given the
0
0
2
Everybody tells you to “build systems” but nobody tells you how to actually do so. Mainly for two reasons: - it varies depending on the industry (true) - they’ve never actually written an SOP in their life (also true)
0
0
0
If you want to make money working as a sub for GC’s, you need to fall into one of these categories: - huge volume (preferred vendor for national builders) - high end custom homes - hire illegals/pay bottom dollar Otherwise? Good luck with that!
5
0
5
Not sure how far I’m gonna take this thing but I know damn well the core guys are ride or die. Feels good. Very blessed.
2
0
0
We are quickly building one of the best overall carpentry teams in our area. Guys with real experience, old school work ethic, capable young men eager to learn/grow, & most importantly strong character. I’d put my guys against anybody. A real privilege to employ them.
2
0
2
As leads in home service space become more expensive/fewer in number due to economic issues, customer retention will be huge. Great if you have a strong marketing team and leads are plentiful, but you need to be able to fulfill. Very few guys can actually pull it off well.
2
0
1
We are incredibly busy right now and I’m exceedingly grateful given the circumstances of this economy. It feels like a great time to be the guy that “survives”. Lots of good candidates and 30-40% of revenue is from recurring customers (maybe more tbh) Still plenty of
0
0
0
Spend some time reading/talking to guys who were on PE side now running their own show and you’ll see how humble they’ve become. It’s much harder than you think. And paying 2-3x is much less risk than 5-8x when in reality they will both still heavily rely on you.
1
0
0
The “you’re buying a job crowd” is directionally correct but it reeks of arrogance. The juxtaposition between PE-minded/MBA types and traditional blue-collar business owners could not be clearer. (guys like Chris Hoffman are an anomaly because they’re equal parts of both
1
0
2
All this talk about hating boomers for hoarding their money & assets. Maybe you should just find a way to extract that money from them instead of complaining about it.
0
0
2