Here's a summary of the Apartment Biz in Mississippi:
Apartment housekeeping margins can be very small and carpet cleaning not much better. The average apartment carpet cleaning job around here is $50 (no matter what size apartment). Kickbacks and 'vendor donations' are also a part of the business. Our margins start to improve with our specialty services (e.g., carpet repairs, color match dying, red dye removal, stretching, etc.). We do
not discount our specialty services.
If you want to be in the apartment business, you want both the carpet cleaning (vacant and occupied units) and the restoration business too. A flood extraction is $50 (after hours and weekends $75) but on average, may only take 20 minutes to perform. Apartment floods can range in size, but most are small hot water heater or a/c puddles.
No matter what size flood, you always leave a fan to help dry the carpet. Fan rental rates around here are $50 bucks each (for a two day rental). Many times you'll wet-vac the carpet, rent a fan (maybe two fans depending on the need) and then clean the carpet in the area around the flood, perhaps repair a seam and you've got a $200 to $225 job that only takes you about 45 to 60 minutes. We love flooded apartments.
To do restoration work, buy yourself a medium size water claw, a half dozen centrifugal fans and
Phoenix R-175 dehume and you'll be better equipped than the vast majority of your apartment carpet cleaning competitors. After you start making a little money, you can purchase an e-Tes, an ozone machine and more fans. You will then be in an elite class of apartment restoration specialist!
The down side of the apartment business can be getting paid in a timely manner. We provide service to 17 complexes and last month only 11 paid on time (the rest we have to call and badger in order to get paid). Every month one third to half of them are late with payment or don't pay at all until the following month. Many property managers make a monthly, quarterly and/or annual bonus based on keeping their expenses low. They can show low expenses by not submitting invoices for payment (until after they have their bonus check).