Inspector Travels The Equivalent Of A Miami to Washington, DC Trip

Mortgage inspector says “Right now I am not making any money.” Inspector asks “How much should I charge?”

A mortgage field inspector traveled 1,095 miles to perform 14 mortgage (20 minutes on-site) inspections. This total distance traveled is the equivalent of driving from Miami to Washington, DC. How much should the inspector be paid to make a reasonable profit?

Inspection pricing assumptions:
1,095 miles traveled X 56 cents (2014 IRS mileage allowance) = $613 (vehicle costs)
1,095 miles divided by 50 MPH = 22 Hours behind the wheel
14 inspections X 30 minutes (on-site/upload photos/process report) = 7 Hours executing/processing the inspection
Assume the inspectors time is worth $20 per hour after reviewing Bureau of Labor median wages
The price per inspection should be a minimum of $85

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