Re:Launch HN: Latchel (YC W19) – Rental Property Maintenance...
by kitcar on Tuesday March 12, 2019 @02:51PM
(#19371643)
What do you think are the most significant issues re: scaling the model?
[ Parent
| on HN ]
Re:Launch HN: Latchel (YC W19) – Rental Property Maintenance...
by raleigh_user on Tuesday March 12, 2019 @05:36PM
(#19373296)
It’s really really hard to coordinate contractors in short time increments. I did a consulting project with a measurement company (measures sqft of homes) and their model is stressed coordinating and moving around in 1 market at near max utilization. I helped them scale into 2 additional markets and it’s just massive headaches. To the point I was thankful I generally work on software and can operate with way higher margins. 15% margin on 3-$100 services a year. Makes it really really hard to grow business, pay well, make mistakes (you’re always going too and with such a small margin they hurt way more). Happy to talk more in private if it’d be helpful. I am watching them hurt bad right now trying to add market 4/5. They’re at about 750k run rate