1. 1. $1,000 An Hour: Five Xactimate Codes for Water Damage Success
2. 2. Five Ways to Rev Up Your Mitigation Revenue. By: Dustin Moore Would you like to make $1,000 an hour? Did you know that youve already got the tools to do so? Youre probably already doing these things. But youre not getting paid for it if youre not properly documenting your losses. A properly trained and equipped Water Technician should be creating at least $1,000 per hour of revenue for his or her company.
3. 3. Do you know what your hourly revenue is currently? For better or worse, we all have to use Xactimate for water damage estimates (arent they actually bills?). If we have to use it, then why not find every line item available to help our bottom line? Its plain and simplemaster your Xactimate and make more money. Here are five simple things that your crews are likely already doing. These are things, that if written down properly, can generate real profits for you. For our example, were going to imagine a carpeted room with wet carpet measuring 10 x 10 (100 ft2 of Floor Area).
4. 4. Carpet Mask Xactimate Code: WTR-MASKFL You charge: $0.41ft2 Time to Install: 3minRevenue/Hr: $820 Floor masking is adhesive-backed plastic. It comes in rolls and is applied using a handled applicator. I recommend using it on all entry and traffic areas that the crew will walk through during the course of their work. Just make sure it gets removed once the drying is done.
5. 5. Cover and Protect Xactimate Code: WTR-PROT You charge: $0.29ft2 Time to Install: 1.5minRevenue/Hr: $1,160 Painters plastic is cheap to buy and fast to install. You can get it in standard 912 sheets so you dont even have to waste time cutting. And at 29 cents a foot, each sheet is 31 bucks in your pocket! Protecting is one of the most profitable things you can do on a mitigation job. I recommend the Franks Red Hot method: put it oneverything!
6. 6. Water Extraction Xactimate Code: WTR-EXT You charge: $0.53ft2 Time to Install: 3minRevenue/Hr: $1,060 Water extraction is one of our most requested services, as well as one of the most profitable, if you do it efficiently. Truck-mounted equipment is much faster than portables. The key to proper documentation is getting the entire area extracted into your notes.
7. 7. Water Extraction Weighted Xactimate Code: WTR-EXTW You charge: $0.92 ft2 Time to Install: 4minRevenue/HR: $1,380 If you dont own a Water Claw, go buy one right now. A lot of people say that they take too long and arent worth the hassle. A lot of people are allergic to money. If used properly, weighted extraction takes a little longer than a regular wand. And the price per foot is nearly DOUBLE! At almost a DOLLAR per foot extracted, your ROI could be less than a day.
8. 8. Anti-Microbrial Xactimate Code:WTR-GRM You charge: $0.22 ft2 Time to Install:1.5minRevenue/HR: $880 Using germicide spray isnt as profitable as extraction, but it issomething that a lot of mitigation contractors forget. Using Anti-Microbrial sends the signal to your client that you care about them and their environment. Its also a nice CYA method that you cancharge for. We all know that Xactimate is a required part of what we do. As long as thats the case, why not use every advantage we can?