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I think he believes that as well. It’s funny. Property is held in a trust. Dad died. Mom is the local contact and showed us the space. Super nice and salt of the earth. She was actually making fun of son who lives 1500 miles away but takes care of the business side. Said his lease is out of control and that it takes him 8 pages to say what can be said in 3. She said she refuses to read the whole thing.
We emailed him to apply and sure enough, out of control lease and very terse correspondence. In fact, on Mother’s Day, the mom emailed us to tell us that he received our email and would respond in due to.
Ultimately we will work with mom on all the local stuff and she is a sweetheart, but son needs to learn from her.
Spot on. Thanks Jay.
I am not worried about the insurance provision. There is a littany of other provisions and riders that are cumbersome and most don’t apply. It is just a pain to work through and unnecessary but it is what it is.
The Lessor is requiring it. Specifically it says:
Tenant shall maintain a policy of commercial general liability insurance (sometimes known as broad form comprehensive general liability insurance) insuring Tenant against liability for bodily injury, property damage (including loss of use of property) and personal injury arising out of the operation, use or occupancy of the Property. Tenant shall name Landlord and Landlord’s management company as additional insureds under such policy, including providing such endorsements as required by Landlord to evidence such coverage.
We have shot an email to our agent to figure out what we need to do. The lease we would sign is fairly onerous and significantly more involved than it needs to be. Back in my day job days I had clients that wanted to draft bullet proof barely understandable agreements to “protect” themselves. They were usually the reason for most of the problems.
We are doing a mix of RA, wholesale, and white label. We are grabbing between 100 and 1000 units per sku and moving them.
Every week my amazon sales amaze me. It feels too good to be true. What started as an experiment has turned into some consistent sales (knock on wood). While I am still working my “real” job, we are re-investing all of the profits from amazon. Hopefully the bigger the snowball is, the easier to pull out our living expenses when the time comes.
Isn’t it great Lee? We did exactly what you are doing and after 3 years we are still morphing and rolling with the Amazon punches. We recently switched to doing almost exclusively FBM on our smaller Health and Beauty stuff. Last week we did just over $3,900 on just Amazon. Our COGS was $1354. You have to love the margins and the quick multiple sales. We are on pace to do $23k this month and it feels good to have navigated all of the recent changes and still feel like we growing.
Now if eBay would pick back up. I am not a fan of being so reliant on the unreliable Amazon machine.
Maybe I am slow, but used goods are different than new goods. We are careful not to list the typical VERO items as new, but we will do it all the time as used and have never had an issue. We are careful not to list something as “like” or “sold by” any of the VERO enforcers.
But I do not hestitate to list something made by Harley Davidson, Nike, etc. so long as I list it as used.
Is this whole discussion about listing as new? Or as sold by?
Kind of related, but more of a thought that I have had for a while. REI is a major outdoor outfitter in the Pacific NW that was founded when a group of friends decided to pool their money with regular contributions and buy outdoor equipment that each one could use when they reserved it. It morphed and they ultimately became a retailer.
Has anyone thought of putting together a group of friends or like minded folks and buy property for AIR BNB or monthly rentals? It’s a scary proposition as we do it ourselves and has the potential to be either a homerun or catastrophic if a property does well/fails when it is one person. But what if you put together 10 who contributed a defined amount per month to buy/rehabilitate property? 10 putting in just $200 a month give you 24k in a year as a down payment. Double that and you are talking real power. Form a partnership with defined parameters and you could be a true force.
The downside, as I see it, is agreement. Agreement on property acquisition, rehab, rental amounts, etc. But what if 1 or 2 were given authority to make it happen like project manageers?
Just something I have toyed with for some time but have never said out loud.
whiskey
findsandfurnishings,
I went through the same thing not too long ago. The report buyer does nothing for feedback extortion if they leave negative feedback. Once we were threatened I quit responding. They left negative feedback and I called and got it removed
The report buyer function will cause an internal investigation and eBay will not let you know what, if anything, they do to the buyer. I was told that sometimes cumulative complaints will get them tossed though.
No. Cancel the transaction and make sure that you choose “at buyer’s request’ or whatever. It doesn’t count against your metrics if that is the reason. Nevermind that they are a lying sack of excrement. Cancel it for that reason, relist it, and move on.
I’m with So Cal Joe–
the number that really matters is the amount that gets deposited to your bank every month
I have a degree in finance as well as an advanced degree and in the beginning I tried to quanitfy everything. It was a waste of time. I still track several things but the metrics of what I need to keep going have been tossed in favor of just worrying about what ends up in bank.
What I think this discussion is really missing is the intangible. Freedom.
I work more than I did as a professional for a little less money. We adjusted our standard of living to allow us to do what we want when we want. We have excelled in where we are at financially, but more importantly, I own every single second of every single day. That is not in your calculations but for me it is the most valuable part.
Thank you for the great tips! We found a factory sealed one in the first box. Onward!
Not an auction story, but I just went to the second day of an estate sale with a group that will let me start loading up before 1/2 off Saturday.
We’ve wanted to start learning about old records and have eagerly been reading everything here on SL about buying and selling records. I have kept my eye out for rock and metal records as that is what I know but really wanted to start learning about old vinyl in general.
Anyway, back at the ranch….
I walk in and the deceased guy was a true artist and world traveler who had very eclectic tastes. The estate sale folks were discussing how they were going to have to remove the large record collection tomorrow and what a pain it would be. I volunteered to remove them all with the understanding I may donate them all just as they were going to.
THe records are an incredible assortment of jazz, blues, show tunes, and some early radio shows.
I loaded over 500 records that I know nothing about and paid nothing.
Now the education begins.
I may donate every single one of them when I am done. But my effort will be my education and I have no doubt I will own a confidence about records in the future.
So when you sell the skulls you will be educated and own it. It’s a beautiful thing.
Retro,
I know it can be removed, although the ones I went back and checked on were not.
But it makes me feel better, so don’t rain on my parade? 🙂
Sometimes I like tilting windmills. It’s who I am.
whiskey
The scammers that would scrap 1000’s of listings and sell for pennies on the dollars have been very active for over a year, they just didn’t get any press until this month. The secondary scam that is occurring where they are hacking actual accounts that are dormant and then scrapping all of the listings is new. It may or may not be tied to the recently departed smaller sellers.
This secondary one is a bigger problem. The hijacked account has valid feedback and therefore appears to be legitimate to the buyer. Then, when all of the returns and A to Z claims occur Amazon is trying to charge the prior legitimate seller who didn’t know their account was reactivated. Everyone who has a previous seller account is encouraged to go in and check their user permissions and set up the two part verification for using or changing anything on the account. This should protect it in the future.
