benXJ
Well-Known Member
- Joined
- Dec 5, 2005
- Location
- Raleigh NC
just another 'when idiots collide' episode one billion
nothing to see here
nothing to see here
Assuming you're a landlord or could be...Most recent, and not because of this conversation I have been playing a lot of dollar figures in my head for the current status of each and the long term cost of them all. It doesn't play nice at all unless your willing to be a capitalist and take full advantage of the "renters market". It genuinely makes my stomach turn because I was raised so differently.
Except he didn't pull outBiden has his best guy on it!
Yep! I rent ours at what I feel is fair, and still profitable. Definitely could get a lot more but a good tenant is far more valuable than cash flow. Either way the property is gaining equity.Assuming you're a landlord or could be...
Why not rent them for below market rate, at a point where you're not losing money. Do good by your own morals and values by being generous. But play the long game of real estate values increasing each year until you're ready to sell them and cash out.
That way you're being a good human and still looking out for yourself.
Already in place good sir. Well sort of. One has a long term tenant of 12 plus years. He wants to buy. One is in the middle of a tenant leaving and the other is getting some work to get on the market again. The long game seems to be ready to flip or sell before really big ticket items need replacing or factor a lot of on hand funds. Living on the entirety of the money taken in is a recipe for long term failure.Assuming you're a landlord or could be...
Why not rent them for below market rate, at a point where you're not losing money. Do good by your own morals and values by being generous. But play the long game of real estate values increasing each year until you're ready to sell them and cash out.
That way you're being a good human and still looking out for yourself.
Judge sentences Springfield’s Affordable Towing owner for violating Clean Air Act
A judge sentenced the owner of an Ozarks towing company for leading a conspiracy to illegally tamper with the emissions controls of the company’s diesel towing vehicles.www.ky3.com
Well to be fair, he did continue after a plea.Judge sentences Springfield’s Affordable Towing owner for violating Clean Air Act
A judge sentenced the owner of an Ozarks towing company for leading a conspiracy to illegally tamper with the emissions controls of the company’s diesel towing vehicles.www.ky3.com
It gets lots of landlords into trouble.Already in place good sir. Well sort of. One has a long term tenant of 12 plus years. He wants to buy. One is in the middle of a tenant leaving and the other is getting some work to get on the market again. The long game seems to be ready to flip or sell before really big ticket items need replacing or factor a lot of on hand funds. Living on the entirety of the money taken in is a recipe for long term failure.
What are his other options? Go out of business? Spend $10-15k per truck reinstalling equipment that makes the government feel better?Well to be fair, he did continue after a plea.
Yes.What are his other options? Go out of business? Spend $10-15k per truck reinstalling equipment that makes the government feel better?
To help with EnglishIt gets lots of landlords into trouble.
Big ticket items like Roofs and HVAC are Capex and largely ignored. Its the other side to the "greedy landlords charge too much" coin.
Quick easy math -
if a new roof will cost $10k and needs to be replaced every 15 years - that roof costs $56/month.
If new HVAC costs $7,500 and replaced every 10 years that HVAC costs $63/month.
A proper business looks at:
1- servicing the debt (mortgage payment)
2- Capex
3- Opex (incremental repairs along the way, depending on your accountant insurance and taxes may come in here)
all before considering profit.
I make money on my rentals and I believe ion charging full market rate. I have found that when you charge below market rate, you attract marginally qualified tenants, because the well qualified ones assume something is wrong for it to be below rate.
Then I make sure that my homes are top of the market condition, I upgrade every repair...and if you are great, its been a good year and I want to reward...Ive been known to tell them to skip December's payment.
I agree it’s a gov hoax. No doubt. But I’d do what I need to do to stay out of prison.What are his other options? Go out of business? Spend $10-15k per truck reinstalling equipment that makes the government feel better?
While I agree that he is responsible for his actions, and I'm sure he was aware that he was breaking the law, I was shocked to see the owner of a small business being sentenced to jail time over it.Yes.
Because its his fault he has that expense to begin with.
I don't like the EPA and think the rules are dumb and unreasonable, but as an adult I also know the consequences of not going along with them, and recognize that there may be high expenses of not doing so.
I can only assume the removal was to save gas costs. In the caiptalist view, that gave him a competitive business advantage over other operators who chose to obey the law. What happened to the $$ saved or gained?
Personally I'd rather be out of business than 20 years in Federal ass-pounding prison and owing $25k on top of it.
1.... make an example of one random small time dude and all the others are likely to stay in line. The best form of terrorism is to make everyone feel vulnerable.While I agree that he is responsible for his actions, and I'm sure he was aware that he was breaking the law, I was shocked to see the owner of a small business being sentenced to jail time over it.
I would also wager that the equipment in question was removed/disabled to allow his tow trucks to tow and not need towing, rather than to save on fuel cost.
So you think people should go to jail for violating arbitration rules of regulatory agencies on used trucks that they own? It’s not even a safety issue.1.... make an example of one random small time dude and all the others are likely to stay in line. The best form of terrorism is to make everyone feel vulnerable.
2..... I mean, dude was warned he'd be in trouble, didn't do anything, then had a plea deal that would have prevented the jail time, and still didn't address it. That doesn't sound like they just went right for jail time.
Please quote where I said I agreed with anything they did.So you think people should go to jail for violating arbitration rules of regulatory agencies on used trucks that they own? It’s not even a safety issue.
One would think the liability would fall on the road commission for not putting up road signs or blockades as they surely new the bridge was out??That sucks. Lot of failures all around.Family of dad who drove off collapsed bridge, drowned after following app directions sues Google
Philip Paxson’s family is suing Google for negligence after the dad of two died after driving off a collapsed bridge as he followed directions given on Maps.nypost.com
Its hard to point the finger at Google after there should have been other things preventing it in the first place, but I'll say it definitely is hard to get them to fix map errors. I'd wager they face these suits a lot.