Nick Riccio’s Post

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Builder | Developer | Investor

"I could manage this job myself, why are you guys so expensive" First let's assume they could (no insurance or license), lets talk about the amount of people we manage on a given job: - Our team of 6 - Architect/ Engineer - Surveyor - City inspectors - Demolition - Framer - Plumber - Electrician - HVAC - Insulation - Drywall - Siding/Roof - Painter - Finish Carpentry - Landscapers If we are managing the project for a client, we are also working to update them a minimum of 3-4 times per week with photos/videos, an updated progress schedule, and anything relevant at the moment. If we are managing the project for ourselves, we are also working with banks/lenders, private lenders, insurance company, etc. People don't realize how labor intensive every construction job is. Things don't just happen to plan. It is constant management of schedules, personalities, budgets, you name it. Before I got into this business, I was a DIY guy. After doing this professionally, I will never DIY anything 😂

Taylor Malkus

VP, Sales at Lighthouse

8mo

Nick, what tech are you using to keep your clients apprised of job status? I went through a reno recently and the record keeping was surprisingly lo-tech which, as the guy footing the bill, was concerning for several reasons.

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Melissa Hertell, CPA 🛠️🏠

Top 50 Women in Accounting Nominee | Money Tools for Your Trade. All-in-One Tax & Accounting for Home Improvement Businesses.

8mo

Very well laid out explanation!

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Clara Champion

Dafolle - Ton agence de design en illimité

8mo

sounds like a lot of people to manage! construction is no joke, huh?

Theresa Krantz, MBA

Helping savvy Real Estate Investors scale with straightforward, data-driven accounting & tax support.

8mo

This really puts things into perspective. Props to your team for managing all those details!

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