The numbers a local inspector gave me don't add up yet
I've been sitting in on inspections when friends buy houses because I find them interesting, and one of the inspectors let me buy him lunch and ask questions. I'm writing down what he told me because I want to know if it's typical or if I got one guy's bad year.
His numbers, mid-size metro, he's been doing it nine years and works alone:
- 495 base fee for a house under 2,000 square feet, tiered up to about 750
- Add-ons: sewer scope 250, radon 175, pool 125
- In 2021 he was doing 3 a day in spring and turning work away
- Now he averages about 1.5 a day and takes February off because there's nothing
- Roughly 260 inspections last year
- Errors and omissions plus general liability, around 3,400 a year
- Software, scheduling, phone, car, he said 9 to 11k all in before fuel
So call it 145k gross on 260 jobs, minus maybe 16k of overhead before taxes and fuel, on what he says is 50 to 60 hours a week counting report writing at night. He was pretty direct that he thinks the trade is underpaid for the exposure it carries.
Entry cost as far as I can tell: training course somewhere around 1,500 to 3,000, exam, and licensing that apparently varies a lot by state and doesn't exist at all in some of them, so I need to check mine.
The thing that interests me most is something he mentioned in passing, that he's started doing annual maintenance walks for landlords and it's the only part of his business that isn't tied to whether people are buying houses. He wouldn't tell me what he charges for those.
What I can't figure out is whether 260 jobs a year in a mid-size metro is good, average, or him losing share to somebody younger with better software. And whether the maintenance walk thing is a real business or a nice idea he's mentioned to three people.