Sober advice from the writer of this terrific article!
I’m about to foster a relationship with a title company and I think I’m ready even though I’m a relatively new notary/signing agent. 40 years in the banking industry sprinkled with lots of expert witness work has seasoned me. Yet, I try not to have unrealistic expectations.
90 closings a month seems super-human to me (that’s over four a day!).
I am taking what I can get, even though I have calculated that I’m barely making minimum wage. Here’s my simple cost breakdown (I’d like feedback on this): Gas is $4.50 per gal where I live; printing costs all in are $15 per package (too high?); general operating costs per job $10; scanback $5, taxes (on net income after expenses) is figured at 30% (I have high state taxes). Average job is $90.
Looks like this: $90 minus combined after-tax expense of $50 nets me $40 / 3hrs (prep, travel & signing time) means I’m making $13.35 per hr. I covet your observations.
I can reduce travel time, prep time and signing time, but right now, business is slow so I take my time. I’m not missing jobs because I’m not getting job notifications. Everything seems to lean on each other in this business.
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