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edelske
New York
815 Posts |
 Posted - 03/08/2012 : 1:06:05 PM
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quote:
Originally posted by Shannon
Hourly rates are difficult to calculate unless of course it is wait time. Travel times in Southern California vary wildly by time of day. (example: I got stuck in Santa Monica traffic last week and it took me 55 minutes to get 3 miles from the borrowers home to the freeway) I build to a flat rate [by county] basing travel to the center of the county as an average. Obviously, for me it's about distance vs. time. Some deals will deliver better net earnings based upon effort and some less. The trick is to be consistent because those entities that do the hiring dislike complicated equations every time you do a signing. For me, an hourly rate is relative...the travel fee is where the money is. We all know that the signature fee is just a token.
"A Quick Note"
www.aquicknote.net
Follow me on Twitter:
https://twitter.com/aquicknote
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I'm sure you will agree that not all hours are created equal. An hour from 3AM to 4AM is far more costly than from 3PM to 4PM.
Kenneth A Edelstein
Mobile Notary, Apostille / Legalization Processing & Fingerprinting
http://www.kenneth-a-edelstein.com |
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Shannon
California
360 Posts |
Posted - 12/03/2011 : 6:05:20 PM
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Hourly rates are difficult to calculate unless of course it is wait time. Travel times in Southern California vary wildly by time of day. (example: I got stuck in Santa Monica traffic last week and it took me 55 minutes to get 3 miles from the borrowers home to the freeway) I build to a flat rate [by county] basing travel to the center of the county as an average. Obviously, for me it's about distance vs. time. Some deals will deliver better net earnings based upon effort and some less. The trick is to be consistent because those entities that do the hiring dislike complicated equations every time you do a signing. For me, an hourly rate is relative...the travel fee is where the money is. We all know that the signature fee is just a token.
"A Quick Note"
www.aquicknote.net
Follow me on Twitter:
https://twitter.com/aquicknote
Like me on Facebook:
http://goo.gl/WWpGP |
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notaryslife
California
348 Posts |
Posted - 11/29/2011 : 2:15:22 PM
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I only charge after they take up more than 15 minutes if it's due to their error. It's bad karma to nickle and dime people to death, you have to give them a sense you're helping them out and being of service, not a burden in any way. I'm flexible to each person's needs and situation. For instance, I'm not going to charge extra for dying cancer patients taking a while to sign and get the paperwork ready. It all evens out in the long run because there are always those who take very little time.
Sincerely yours,
Notary's Life |
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edelske
New York
815 Posts |
Posted - 10/12/2011 : 4:34:15 PM
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quote:
Originally posted by Lee-AR
Wish it were that easy, but fees vary by more than miles. Around here, travel TIME is a major factor. You said 40 miles in one hour. Must have expressways! Here 40 miles any direction would take more like 1 1/2 to 1 3/4 hours and some of those miles would be on gravel or dirt roads. So there are as many variables as there are notaries.
BTW, I wouldn't go 40 miles for $75.
Lee,
You are soooooooooooo very right!
EVERYTHING goes into the price calculation. And that usually has to be done in a split second! Here in Manhattan, we drive an average of 3 miles per hour, not a typeo ===> THREE MPH. MUCH slower in bad weather, any Friday "get away for the weekend", or traffic snarling parade, street fairs, police activity, etc. NYC is very "anti car" and has taken driving lanes for bikes, bus lanes, and pedestrian malls. I need to use a car as I travel with two heavy "kits" one for notary work the other for fingerprinting. Mass transit is too slow and I can't carry both kits all over the city. I get people in the "outer boroughs" (still part of New York City) who tell me the official notary fee is $2. And I tell them that is exactly what I charge for their single notarization; in addition to my $123 - time, tolls (we have MEGA tolls), gas, and overhead. For those who do not like my fee I refer them to the office of the County Clerk who will notarize at no cost. "But will they come to me?" - is often the reply.
Kenneth A Edelstein
Mobile Notary, Apostille / Legalization Processing & Fingerprinting
http://www.kenneth-a-edelstein.com |
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Lee-AR
Arkansas
678 Posts |
Posted - 10/09/2011 : 4:29:29 PM
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Wish it were that easy, but fees vary by more than miles. Around here, travel TIME is a major factor. You said 40 miles in one hour. Must have expressways! Here 40 miles any direction would take more like 1 1/2 to 1 3/4 hours and some of those miles would be on gravel or dirt roads. So there are as many variables as there are notaries.
BTW, I wouldn't go 40 miles for $75.
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jbelmont
California
3106 Posts |
Posted - 10/08/2011 : 3:15:52 PM
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Notaries who are smart calculate the total time of the signing minus the cost of car expenses. You need to calculate time on the phone, driving time, the risk of a last minute cancellation, the risk of not getting paid, and the time of the signing which can vary from 20 minutes to two hours. Certain lenders have shorter packages which you need to know the lender to be able to calculate.
Car expenses are more than just gas. You need to compute a mile by mile accounting of how much the brakes, tires, fan belts, transmission fluid, and other expenses will really cost you. You could computer a number of cents per mile which might fluctuate with gas prices.
Did I mention paper, ink and/or toner? How much will that run you as well for your e-documents?
If you get paid $75 to go an hour away which is 40 miles, how many hours of work are you doing, and what is your net?
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