I started apartment painting 10 years ago and no longer do it, so the prices may have changed, but you get the point.
They have changed....there even cheaper
Apartment repaints are a tricky business, Its tough...real tough....but with that said they make up 50 percent of my business. We do over 1500 apartments a year. I have 2 crews that do nothing but apartments at a range between 95.00 to 300.00 a unit. The spray men make 14.00/hr and the trim guys 12.00/hr, this year though we are moving to a per unit pay instead of hourly. Its a tough game but you can make a lot of money if you know how to get them done fast and kiss plenty of management a$$.
I would say the toughest part is waiting for your money, If you cant wait 45 days OR MORE for your money STAY AWAY from this line of work. We constantly have accounts 50-60 days past due. The next hardest part is the scheduling, they WILL call last minute needing 2 apartments painted TODAY!! Its something we have never been able to avoid, no matter how much communication we have. Tenants move out last minute, new tenants want to move in asap so they will call you last minute or they will get someone else. This type of work was 95 percent of what we did for 7 years, it is also why i've shifted to more commercial and residential work to relieve some of the stress.
With all that said....Can you make money??? YES and a lot of it!!
My guys are happy, they get paid vacations, they have health insurance and they get bonuses. It has given me and my business nice things as well........
The stress level though has taken years off my life, has made me work holidays, weekends and 70hr weeks. Ive kissed so much a$$ to keep property's my lips have been chapped for years. I personally brought home over 100k one year from painting apartments, and I know others who have brought home wayyyyy more than that.
With all that said, do I recommend it? NO
...And the funny thing is, this year I am running my biggest add campaign ever and it is for apartments only.
I also have a new plan, and new systems in place. We are apartment painting specialist, my guys have amazed me and we are set up to do 2000 units this year.