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Modern Craftsman

Construction Business | Why Cash Offers Can Undermine Your Profit & Reputation | with Tyler Grace

Modern Craftsman

Modern Craftsman

Reno, Self-improvement, Entrepreneurship, Education, Architect, Business, Projectmanager, Careers, Newconstruction, Homerenovation, Build, Interiordesigner, Carpentry, Construction, Builders

4.91.1K Ratings

🗓️ 12 June 2025

⏱️ 32 minutes

🧾️ Download transcript

Summary

In this episode, Tyler responds to a listener question about clients offering to pay in cash — and why that might not be the win it seems like. He breaks down the risks, the optics, and the long-term damage that “under the table” work can do to both your business and your reputation.

Show Notes: 

Cash Offers and Business Legitimacy (0:00)
The Risks of Cash Transactions (6:46)
Protecting the Business and Clients (18:14)
The Role of Proper Documentation (26:32)
Workshop & Coaching (29:12)

Video Version:

https://youtu.be/2KvQW-MUr_E

 

The Modern Craftsman:

linktr.ee/moderncraftsmanpodcast

Find Our Hosts

Tyler Grace 

Podcast Produced By:

Motif Media

Transcript

Click on a timestamp to play from that location

0:00.0

When you are documented is doing business essentially illegally, it's going to come down on your

0:06.5

shoulders because you are the professional, you are the business owner, you do this every day,

0:11.3

it's not going to come down on the client's shoulders.

0:13.6

It's very similar to when you elect to not pull permits, right?

0:17.8

The client doesn't want to pull permits.

0:19.2

I'm not going to pull permits.

0:20.2

When you get caught and when you get fined, it's not going to fall on the client's shoulders

0:24.4

because they're not the professional. Even if they told you they didn't want to pull permits,

0:28.2

it's on your shoulders because you're the professional and you know that regardless you should

0:32.4

be pulling permits. Welcome back to another midweek, Krastin where today I'm going to be diving into digging into a prompt from a listener that he sent me via email.

0:51.5

So listener Chris, in response to a handful of podcast and blog posts that I put out

0:59.6

recently, wanted my take a little bit of insight on cash offers from clients. And I believe that this

1:06.8

was in response to some conversations that I've had around the market, the state of the economy,

1:14.6

how clients will begin to leverage people being hungry for work, just the competitive nature

1:22.3

of the industry, as costs have risen for clients, as costs have risen for our business, as work has slowed down,

1:30.4

any ways that potential clients can leverage us. And one of these that he feels he's seeing a little

1:36.4

bit more often is clients offering cash to pay for jobs and cash and the potential pitfalls

1:43.6

and everything else that may come along with

1:45.2

that so again with with the market tightening and cost rising for everyone clients are

1:50.9

tending to get a little bit more creative and I'm sure just as Chris has experienced you're going

1:56.9

to see more of this and one potential way is with cash offers. And on the surface,

2:02.7

it may sound great. It may sound appealing. But I'm going to break down why accepting cash or

...

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