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Updated 12 months ago,

User Stats

7
Posts
1
Votes
Patrick Lee
  • Wholesaler
  • Philadelphia, PA.
1
Votes |
7
Posts

Seeking Advice On A New Client Who Wants to Work With My Company

Patrick Lee
  • Wholesaler
  • Philadelphia, PA.
Posted

Hello,

So I recently was given an opportunity by an associate of mines who referred a client to me that needs a "holding-hands" sort of speak professional to help them do fix and flips on their portfolio investments.

I will be speaking with them later today around 2:30pm EST. As an experienced contractor of three years and having a college background in Porject Management.I am ready to work with this potential client. I need advice on what I can charge and if its a reasonable offer. Keep in mind this investor lives in Texas and I am from NYC, meanwhile their properties are in PA. My target market and only 1hr and 55mins away.

What I will be offering to this potential client is a 6 month coverage at a rate of $5000 with a "boots on the ground" at $250 per visit each month to check on the progress of the property and project .If the potential client can not pay in full, I will offer an installment payment plan with a down payment of $1750 or one month plus 3 visits. Then the remaining balance of $3250 can be paid out over the remaining five months of coverage at $650/Mo.

My plan is to pitch this offer to my potential client with 2 months free of coverage and 2 free monthly visits included in our contract agreement, saving them an estimated $3000 or more in additional expenses. I found out through my own research that low scale as a project manager the fee or rates can range $8000 to $10000 and upscale as far as $20000 plus 10% of the profit. 

I think this gives me a chance to open up the consultant side of my own business while exercising the use of my skills and knowledge as a project manager. Seeking feedback. Thanks in advance. What terms can I add or change and if you was the potential client, could this be a reasonable offer knowing I dont have prior clients for this kind of work and just by going off my college and previous contractor experience and credentials. Also keep in mind I do have my articles of organization and my operating agreement for my LLC.

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