how much you get paid
CONSULTANT INITIAL SITE VISITS
Consultants perform an initial site visit to document the condition of the property, review any bids provided and indicate if any lender minimum property standards need to be added to the renovation estimate. If no bid is provided a detailed list of required items plus the clients desired scope of work is created
CONSULTANT DRAW INSPECTIONS
Consultants perform draw inspections to provide proof of what items have been completed and how much should be paid to the contractor. Our app makes this process FAST & EASY, plus you can be paid mileage
HOME INSPECTIONS
If a Client referred by MAKEOVER needs a home inspection, you will use your EXISTING home inspection fee sheet. Makeover will simply invoice you for a $50 referral fee. To be paid when you collect your home inspection fee
i'M INTERESTED IN BECOMING A RENOVATION CONSULTANT
The fee sheet below explains consultants pAY
FEE SHEET
Fee Based on Cost Of Repairs Consultant Fee Mileage Paid to Consultant
$0 to $15,000 $200 + mileage $0.59 cents per mile
$15,001 to $30,000 $240 + mileage $0.59 cents per mile
$30,001 to $50,000 $280 + mileage $0.59 cents per mile
$50,001 to $75,000 $320 + mileage $0.59 cents per mile
$75,001 to $100,000 $360 + mileage $0.59 cents per mile
$100,001 and above $400 + mileage $0.59 cents per mile
Mileage Charge (if travel distance exceeds 30-mile round trip from consultants place of business) $0.59 cents per mile.
Additional fee for each additional unit on the property under the same FHA Case Number and/or property description (up to a HUD maximum of a four unit dwelling) Consultant’s Fee is $50.00 per unit.
OTHER FEES THAT CAN BE CHARGED BY CONSULTANT
Additional Fees Consultant Fee Paid to Consultant
Feasibility Study / Report $100 plus mileage + mileage $0.59 cents per mile
Draw Inspection $140 plus mileage + mileage $0.59 cents per mile
Materials Draw $0 $0.00 (this is handled by the admin)
Re-Inspection $100 + mileage $0.59 cents per mile
(requested by client or Mortgagee)
Change Order $0 $0.00 (this is handled by the admin)
HOW DOES MAKEOVER MAKE MONEY?
MAKEOVER takes a % of the Fees charged to the client
MAKEOVER takes a % of the Fees charged to the client
MAKEOVER takes a % of the Fees charged to the client
MAKEOVER pays out 100% of the mileage fees to the Consultant.
MAKEOVER keeps approximately 60% of the initial site visit & draw inspection fees
These fees cover, marketing, administrative, report creation, invoice & collections, electronic signature of all documents, training, support, software fees, mobile app, sales & marketing, change order processing, automation, cost to obtain the order/lead, plus overhead and profit
EXAMPLE FEE SPLIT
MAKEOVER takes a % of the Fees charged to the client
MAKEOVER takes a % of the Fees charged to the client
$500 fee paid by client =
$200 paid to Consultant + 100% of the mileage fee
$800 fee paid by client =
$320 paid to Consultant + 100% of the mileage fee
$350 draw fee paid by client =
$140 paid to Consultant + 100% of the mileage fee
Renovation Loan Experts
