Water restoration business - estimates (self pay vs insurance)

No video

Water restoration business - estimates (self pay vs insurance)

Рет қаралды 14,071

The Restoration Contractor by Shane O'Dazier

Күн бұрын

It is both an art and science when it comes to writing estimates for water damage. Knowing your cost isn't enough... you have to understand the ART OF DELIVERY!
Yes, sales has made its way into the estimating process.
If you don't understand what I am talking about... then you need to watch this video.
We explore the various gradients or thresholds that customers have and use to make buying decisions.
Guess a number to high and they may say no.
Guess a number too low and you lose money (boo).
There is a sweet spot and you need to find it.
I promise you this... until you master the ART of estimating, you WILL be leaving money on the table.
There are some important variables that need to be nailed down before we can write a solid estimate.
Is this a self pay or insurance job?
Is the job large loss or is it a normal water damage under $15k
Details matter!
Want me to help you grow your restoration company?
Go to www.WorkWithShane.com Fill out the form and let's get on a call!
HELP SPREAD THE WORD
If you are on facebook and are members of other restoration groups, please share this video so others can see it.
Restoration Rebels: / restorationrebel
NORRP: / norrp
Truckmount Forums: / 1375097549402700
-- Do you own a restoration company? --
You NEED to see our legal document package. You can see all the contracts and documents we use to run our restoration company here
- www.RestorationContracts.com
Ever wonder if you are leaving money on the table when you are invoicing your jobs? I bet you are! Use our invoice checklist to make sure that you pick up every dollar that you deserve.
- www.InvoiceChecklist.com
Have you joined our Facebook Group Restoration University?
Click the link to get access of our FREE TRAINING PROGRAM!
Join our Facebook Group: / restorationuniversity
If you aren't following me on Facebook yet, click this link to see new content:
Facebook: / therestorationcontractor
Instagram: / shaneodazier
KZfaq Video URL: • Video
*Affiliate Disclaimer:
Note this description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in no way obligated to use these links. Thank you for your support!
Video hashtags: #xactimate #shaneodazier #insurancerestoration

Пікірлер: 48

@TheRestorationContractor Жыл бұрын

Is this video helpful? What would you like for me to cover regarding invoices and estimates?

@comelon3 Жыл бұрын

Where I can find your info to call you ? Thank you

@MrStandridge Жыл бұрын

Great stuff man! Could you do a restoration estimate video?

@ScotStHilaire 4 ай бұрын

@@MrStandridge i agree one thing that drives me nuts is insurance claims adjusters want more detailed quotes. You provide them and they ignore most because insurance jargon is not used. Knowing more detail of what they are looking for or resources would be great

@travisallen8158 20 күн бұрын

Where can i find a invoice template?

@special1297 Жыл бұрын

Love your content. I do some water mitigation jobs but your videos explain a lot that I didn't know. I will join your program. Great stuff man. Thanks

@TheRestorationContractor 11 ай бұрын

Awesome! Thank you!

@healthyhomechronicles 5 ай бұрын

This is great! We knew nothing when we did our restoration. We couldn't use insurance and It just blew up our world!

@valerieking5265 10 ай бұрын

Your videos are very helpful showing how to price gouge the customer due to their ignorance.

@TheRestorationContractor 9 ай бұрын

Glad you think so!

@user-wh5sh5vj8x 5 ай бұрын

Super helpful information. Thanks, Shane.

@TheRestorationContractor 5 ай бұрын

Glad it was helpful!

@andrewo.9412 Ай бұрын

What do you think about them leaving machines running 45 days, only tore one room, insulation from crawlspace. small bathroom, a wall and partial kitchen. Said it would be maybe 20 at the highest. Charged 80k… I mean.. that’s almost a third of our house. Multiple contractors came in saying they were out of their minds.

@furtznoname7471 Жыл бұрын

Thx for your input great video

@TheRestorationContractor Жыл бұрын

Glad you like it. let me know if I can help further 615-685-2128 text me if you need me

@timladd5008 2 ай бұрын

Xactimate shows pricing per line item. I know you did not confirm that but the way you explained it and noting multiple times that insurance wants to see price per item implies it doesn’t.

@kksan 16 күн бұрын

This is why home insurance is so expensive nowadays

@cristy0101able 6 ай бұрын

My first job was 43k next jobs were easy.

@wesleemiller 8 ай бұрын

Great video

@TheRestorationContractor 8 ай бұрын

Glad you enjoyed it

@wesleemiller 8 ай бұрын

@@TheRestorationContractor👍

@user-qh4wj5mg5p Жыл бұрын

What if equipment was only running for 4 days and they are charging for 7. Workers were not able to pickup for 3 days after. I was told to unplug all equipment after day 4 and just set equipment aside. Am I responsible for paying all 7 days?

@TheRestorationContractor Жыл бұрын

you will have to talk to the company you hired about that.

@dsears1973 6 ай бұрын

If the contractor is unable to pick up the equipment due to their own scheduling issues then you shouldn't have to pay for that equipment. At least in my company that's how we operate

@carpetwizard8311 11 ай бұрын

Great tips

@TheRestorationContractor 11 ай бұрын

Glad you like them!

@MrStandridge Жыл бұрын

Do you use the same format for restoration estimates?

@TheRestorationContractor Жыл бұрын

Yes and no I assume you mean reconstruction? We have used the same scope system with recon as well as mitigation It is possible that we would use Xactimate for reconstruction. we would not use Xactimate for mitigation

@chrisdavis6410 Жыл бұрын

LOVE IT!! Do you submit a sketch with your style estimate?

@TheRestorationContractor Жыл бұрын

NOPE 🤣

@chrisdavis6410 Жыл бұрын

@@TheRestorationContractor nice!😂

@klh5107 Жыл бұрын

@@TheRestorationContractor Wth! I have to set up a call with you.

@CREAOOfficial 7 ай бұрын

Some mitigation companies won’t provide a quote to send to insurance. They say, “we do the job then bill insurance”… Is this common practice? We had one actually tell us he can’t do anything until a public adjuster comes out and recommended a “PA company”. Because our insurance is saying that the contractor should be providing a quote to work off of.

@TheRestorationContractor 7 ай бұрын

we never worked with a PA in 10 years. I'd suggest you talk to other companies

@CREAOOfficial 7 ай бұрын

@@TheRestorationContractor thank you so much. Since the comment, we reached out to another mitigation company and they had 0 issues providing us a quote! It seems some of these mitigation companies just want to maximize their payout - or maybe I’m wrong!

@andrewo.9412 Ай бұрын

@@CREAOOfficial100% we are being billed like 60% more than what they said they wanted to charge. There are definitely good companies.. some are out to rob.

@captaincleanchicago137 11 күн бұрын

@CREAOOfficial it's a mix of both. We don't like to give estimates for 2 reasons. 1 price shoppers like to get the estimate try to get paid, and do the mitigation themselves. I will give a free estimate but an itemized written quote is for when I'm hired or paid for the time. 2nd most times there is no way to tell how much. We just had a job where behind the walls they had the old drywall and molded paneling. We had to supplement for about 4500 it was double the work. You never know if it's drywall or drywall over plaster with two layers of tile floor under the carpet so the 1st estimate is just a draft and most times goes up.

@malcolmbeaton5933 Жыл бұрын

how do you send photos of the loss the the insurance company. with xactimate, the photos get attached

@TheRestorationContractor Жыл бұрын

So here is what we do... we place a link to the photos in the notes section of the estimate and invoice. They can access the photos from the link. We used Google Drive to store photos for years before moving to a photo application software. Let me know if you need more help 615-685-2128

@jeffhamann4350 9 ай бұрын

Cat 1 is essentially rainwater Cat 2 is gray water Cat 3 is poop water. If you have rain water dripping from your roof, it’s cat 1. If you have a sewage back up, it’s Cat 3. That’s why the prices are different.

@TheRestorationContractor 9 ай бұрын

thanks

@mustangnawt1 Ай бұрын

Unless u get screwed and they let so much time pass it automatically moves from Cat 1 to a Cat 3