Gonna try to get caught-up on roof-related paperwork today (and probably tomorrow) just in time for the relative onslaught of rains starting tomorrow in SoCal.
LambiePieK and I are “hanging in there” this morning; she’s on her way into the office as of this writing.
I’ve been fighting-off the creeping crud -- fairly successfully -- for the past few days; at least I had an excuse for sniffling yesterday…
My morning rant: 2019 has started out great. Not.
Backstory: For the past two years, plus a couple of months, I’ve been doing the bookkeeping for a large apartment complex that my MIL and her brothers-in-law own. The partnership is set up so that there is one General Partner, who runs the operations (there is a separate on-site manager), and the rest are Limited Partners. The daughter of one of the brothers (Mrs. Paddy’s cousin) is the current general partner (let’s call her Becky) -- her father had been in that position for many, many years (Let’s call him Dick). In 2016 they needed to update the tenant management and accounting system they used. Dick thought he could do it on the cheap by using QuickBooks, and making some programming changes to fit their needs. He couldn’t, but he could come up with a work-around. Apartments are customers, and tenants are sub-customers of the apartments. Less than ideal and reports are even worse (“the field labeled country -- that’s really move-in date” -- things like that). Dick retired to the Philippines, where the low cost of living gives him a sense of importance, and handed things over to me.
For the past 18 months I’ve been discussing with Becky the need to get a proper tenant management/accounting system. She agrees, but nothing has come of it. Until now. The other day Becky told me that there will be a HUD audit sometime this year (the apartments include Section 8 housing), and that her HUD consultants have informed her that the books will never pass the audit -- not because they are wrong, but because we’re using a system that isn’t up to the task. Because of the time crunch (we don’t know when the audit will be), she’s investigating companies to take over the books. I’ll close the books for this year (a pain-in-the-butt procedure that takes a solid two weeks or more), then that’s it. Bottom line: our family income is cut by $24K. We can do it, it just means cutting expenses and foregoing a planned vacation. Thanks, Dick.
That sucks, Paddy. You did everything right and gave the proper warning and advice and now get hit. I know too well the sudden income drop and hate it.
On the plus side today, it’s nice to learn from my betters that damn near the worse thing you can ever call a man, motherf**ker, is really not so bad after all -- it’s just passionate.
Puppies!!1!
Happy Friday, Wheelizens!
Gonna try to get caught-up on roof-related paperwork today (and probably tomorrow) just in time for the relative onslaught of rains starting tomorrow in SoCal.
LambiePieK and I are “hanging in there” this morning; she’s on her way into the office as of this writing.
I’ve been fighting-off the creeping crud -- fairly successfully -- for the past few days; at least I had an excuse for sniffling yesterday…
Hope Mrs. Sven’s feeling better.
Laterz.
Happy Friday, Gerbil Nation!
Good morning, Fatwa!
School starts back on Monday -- I wonder how many students will show up to class?
Fatwa -- I’m glad you and BrendaK are okay. Good luck on your paperwork.
My morning rant: 2019 has started out great. Not.
Backstory: For the past two years, plus a couple of months, I’ve been doing the bookkeeping for a large apartment complex that my MIL and her brothers-in-law own. The partnership is set up so that there is one General Partner, who runs the operations (there is a separate on-site manager), and the rest are Limited Partners. The daughter of one of the brothers (Mrs. Paddy’s cousin) is the current general partner (let’s call her Becky) -- her father had been in that position for many, many years (Let’s call him Dick). In 2016 they needed to update the tenant management and accounting system they used. Dick thought he could do it on the cheap by using QuickBooks, and making some programming changes to fit their needs. He couldn’t, but he could come up with a work-around. Apartments are customers, and tenants are sub-customers of the apartments. Less than ideal and reports are even worse (“the field labeled country -- that’s really move-in date” -- things like that). Dick retired to the Philippines, where the low cost of living gives him a sense of importance, and handed things over to me.
For the past 18 months I’ve been discussing with Becky the need to get a proper tenant management/accounting system. She agrees, but nothing has come of it. Until now. The other day Becky told me that there will be a HUD audit sometime this year (the apartments include Section 8 housing), and that her HUD consultants have informed her that the books will never pass the audit -- not because they are wrong, but because we’re using a system that isn’t up to the task. Because of the time crunch (we don’t know when the audit will be), she’s investigating companies to take over the books. I’ll close the books for this year (a pain-in-the-butt procedure that takes a solid two weeks or more), then that’s it. Bottom line: our family income is cut by $24K. We can do it, it just means cutting expenses and foregoing a planned vacation. Thanks, Dick.
Rant over.
That sucks, Paddy. You did everything right and gave the proper warning and advice and now get hit. I know too well the sudden income drop and hate it.
Ouch -- that really sucks, Paddy.
Hi, Paddy and Mac!
Criminy, Paddy; that’s teh suck about your bookkeeping gig.
Seems like yet another example of no good deed going unpunished.
On the plus side today, it’s nice to learn from my betters that damn near the worse thing you can ever call a man, motherf**ker, is really not so bad after all -- it’s just passionate.
Thanks, Dems!