RMO Compensation

sage2b

I am trying to find out what would be fair compensation for being a RMO for a remodelling firm. I have recieved several offers to be one with compensation ranging fron $200 a month to $850. All of which seems lowball to me. Would appreciate hearing from other RMO's with their input and a general idea of thier compensation

rbsremodeling

I don't do monthly so this may not apply but I get about 250k a year off my RMO's

__________________

sage2b

How do you charge then as a percentage of gross or net or what. and i appreciate any info you may have thanks Kenn is my name

JumboJack

__________________
in texas with framing and cornish people will do it for 3.00 a foot. What do yall think about that? Just laber

Chris Johnson

Ask them why they need you as the RMO.

YOU are responsible personally for everything that happens as the RMO, this includes, taxes, insurance, comp, quality control, etc. etc.

I ask again, why do they need you as an RMO as opposed to them getting their own license?

The only reason they cannot get a license would be A) Lack of Experience or B) Felonies

You want your name on either of those?

__________________
Chris

sage2b

Good point but i would like to have a source of income and semi retire.

orson

For those of us who live in states without licensing, what the heck is an RMO?

__________________
Lancaster Remodeling Contractor - Lancaster Remodeling
Kitchen & Bath Remodeling PA- Bathroom Remodeling Lancaster PA
Custom Kitchen Remodeling PA - Ruby Construction FaceBook-Lancaster Bathroom Remodeling

Chris Johnson

RMO is Responsible Managing Officer, essentially the state has someone to hold accountable for any issues arising that the CSLB needs to be involved with.

Sage, unless you know these guys, check them out (at their expense) and have full access and say to the day to day operations of the company and are recieving a % compensation as well as expenses I would walk away from this pretty quick.

I too get calls and emails regularly, the last email looked like my 8 year old wrote it, when the guy called me a few days later I laughed at him, if he can't comprehend the english language how does he run a business. Not saying all idiots can't run a company, but the % of them that can are little to few.

Just because a guy is a good craftsman/journeyman doesn't entitle him to be in business for himself. BE CAREFUL

__________________
Chris

sage2b

thamks for the sound advice chris

BuilderOne

thanks. I was wondering but didn't want to ask

BuilderOne

Wow, that sounds really risky. There is an old saying ......"we don't need no stinking RMo's"

BKFranks

What would be a fair percentage?

__________________

Grumpy

I had one of my subs contact me. He was doing gutters for me and stopped being a sub, then he wanted to be a roofing contractor and approache dme about getting a license. I set him down the path, he failed like most people do, even me. He failed again, still not uncommon. He really wasn't qualified to have the licesne IMO having very little roofing experience. He approcahed me about carrying his license, as I can being a qualified party I can apply my qualifications to at most 3 companies. I told him I'd think about it, he brought it up again, I said give me more time to think about it, he brought it up again. Finally I told him to insure him I want 1.5% of his net sales a minimum of $1,000 a month.

He still doesn't havea license and is roofing, well subbing it out to other sal called roofers, none of them have a license and he's not pulling permits either. That's the way it goes, but it's too bad really because he was one of my best gutter subs. When he was on the job I naver had a problem with the quality.

Chris Johnson

Good question...what's the project? what's it value? you have to see the 5-W's before making that call.

__________________
Chris