If you do decide to make it a full-time business, the sky’s the limit. The house flipper/contractor that I worked for billed clients $35 per hour for painting, and paid his best painters perhaps half of that, so there is room for some profit there. Consider the case of Matt Shoup, who started with $100 and went door-to-door, asking neighbors if they needed some painting done, then built a painting business that earns $2.5 million per year!
Keep an eye on the new cans as they're being brought in. Make sure they look new and don't have paint in the rim of the can. If it's a five-gallon bucket, check to see whether the lid is still sealed on with the plastic strip. The only time it's acceptable to mix water in the paint is when you're using a deep or ultra deep base paint to reduce its stickiness, which is rare with new paint technology. Dark primary colors are composed almost entirely of tint that makes it very hard to work with without adding water.
Once work begins, hold brief daily meetings to discuss the job and schedule and quash any misunderstandings. If there are surprises, seek middle ground. No contract can anticipate every possibility. Materials may be unavailable. Large chunks of rotten siding may crumble along with the old paint. Exterior jobs may be stopped cold by a week of steady rain. But know that you'll pay extra if you change your mind about a color after the trim is already painted or otherwise add tasks to the project.
When determining the total cost of a home exterior paint project, you'll want to include the cost of materials like paint, supplies and other items you might want to cover in addition to the siding. If you know the average cost of these items in addition to your home exterior project cost, you'll have a good plan in place when you start calling for professional estimates. This also gives you the option to purchase or paint some items yourself to save money. Here are some of those cost factors and what you might expect to pay:
To begin, move everything out of the room. Every painter we spoke with had a horror story about the time he didn't follow Rule No. 1. Bigger pieces of furniture can sometimes be left covered in the center of larger rooms, but if you are repairing drywall, says Chris Span, of Span's Quality Painting in Mobile, Alabama, "Take everything out. Drywall dust goes everywhere." Remove doors, light fixtures and hardware, and label everything with masking tape. Also, invest in drop cloths. "It's surprising how well a few drops of paint can cover a floor," says Rich Maceyunas, of Maceyunas Painting and Wallpaper in Waterbury, Connecticut. Buy high-quality drop cloths, such as canvas or paper-backed plastic. (Paint soaks right through lightweight fabrics and bedsheets.) Plastic sheeting works, but it's very slippery and doesn't absorb drips.
It is often necessary to have a rental property painted -- whether it's to make it your own before you move in or to clean it up for someone new when you move out. Some buildings and landlords have pre-selected painters, while others will contract companies to paint on an as-needed basis. If your landlord or building doesn't have a pre-selected painter, see if you may be allowed to paint the walls yourself. If you're moving in and selecting a non-neutral color, understand that your landlord may require you to repaint the walls the original color when you move out -- and ensure that you're ready to make that investment down the road.