My Electrician (by Oregon Woodsmoke [ID]) Aug 6, 2022 10:20 AM|
My Electrician (by Roy [AL]) Aug 6, 2022 11:00 AM
My Electrician (by bill [MA]) Aug 6, 2022 12:32 PM
My Electrician (by Robert J [CA]) Aug 6, 2022 1:15 PM
My Electrician (by Roy [AL]) Aug 6, 2022 1:45 PM
My Electrician (by Robert J [CA]) Aug 6, 2022 2:10 PM
My Electrician (by bill [MA]) Aug 6, 2022 2:33 PM
My Electrician (by Roy [AL]) Aug 6, 2022 2:44 PM
My Electrician (by bill [MA]) Aug 6, 2022 3:46 PM
My Electrician (by Roy [AL]) Aug 6, 2022 10:05 PM
My Electrician (by DJ [VA]) Aug 6, 2022 10:58 PM
My Electrician (by LisaFL [FL]) Aug 6, 2022 11:10 PM
My Electrician (by Oregon Woodsmoke [ID]) Aug 7, 2022 9:52 AM
My Electrician (by Salernitana [CA]) Aug 7, 2022 11:20 AM
My Electrician (by Ray-N-Pa [PA]) Aug 7, 2022 9:14 PM
My Electrician (by Oregon Woodsmoke [ID]) Posted on: Aug 6, 2022 10:20 AM
I am fortunate in this work environment that I have a good electrician. A tenant called to say that his circuit box was arching and my guy left the job he was on and went and fixed it. All it was was a loose ground wire, so an easy fix.
I don't know yet what it cost me. My guy isn't cheap, but he shows up which makes him worth the price, and the work he does is good..
He tells me that he is booked solid through November and that many of his jobs have delays because he is still having problems getting parts and materials. He also mentioned that his buddies in other trades are still having supply issues when trying to get jobs done.
It looks like it is going to be awhile before repairs and construction get anywhere near normal again. --76.178.xxx.xxx
My Electrician (by Roy [AL]) Posted on: Aug 6, 2022 11:00 AM
My electrician's 'trip charge' for that easy fix would be $100.00, however, if I am willing to pay him in cash, he will take $50.00. Everybody wants cash these days. --71.207.xxx.x
My Electrician (by bill [MA]) Posted on: Aug 6, 2022 12:32 PM
Did you read in the last few days that the new bill just passed will hire an ADDITIONAL 85,000 IRS agents!,..just saying. --66.30.xx.xxx
My Electrician (by Robert J [CA]) Posted on: Aug 6, 2022 1:15 PM
As a contractor/landlord I have inventory for many trades -- all of the common and hard to get parts. Last month a client had a tub/shower diverter fail so when you showered, half of the water went to the shower head and half to the tub spout. I had 4 left of these obsolete 1930's diverters. I charged them $100 for the part, including installing it. I thought we were friends?
Their other plumber said they paid too much. For $100 they could have gotten a new three handle HOT COLD Diverter manifold with handles. They asked me to return and put back their old diverter. I did so and voided my bill.
Their plumber cracked open the tile on the inside of the tub/shower wall to access the plumbing to replace the fixture. He didn't think about opening up the closet wall on the other side. He charged them $100 for the fixture and $400 installation. Then the owner had to hire a tile guy to re-tile around the controls. Not matching tile. Cost $375.
So instead of paying me the $100 to replace the diverter, the owner had to spend $775 to get a new fixture with a white tile patch on a yellow tiled wall.
I only know the owners for 35 years and am on call for their emergencies when they can't get others to come. --47.156.xx.xx
My Electrician (by Roy [AL]) Posted on: Aug 6, 2022 1:45 PM
What does 85,000 new IRS agents have to do with anything here? --71.207.xxx.x
My Electrician (by Robert J [CA]) Posted on: Aug 6, 2022 2:10 PM
Each of the 85,000 IRS agents have to earn their keep. So in my case there are going to say why I hadn't reported income from a dozen units over the past 2 years -- like $280,000. And try to hit me with a million dollar fine plus jail time.
I get to educated them how Uncle Sam, my crummy City and State gave dead beat tenants Covid-19 eviction protections so they need not pay rent. --47.156.xx.xx
My Electrician (by bill [MA]) Posted on: Aug 6, 2022 2:33 PM
"What does 85,000 new IRS agents have to do with anything here?"
Well I'm guessing the electrician does this a lot,..and depending on whose desk it falls on, some auditors can dig pretty deep in finding out income,..AND who they got it from. So they go on a fishing trip to who they worked for and how they paid him,..
Maybe not a big thing with you, and one 50 dollar payment,..but they sometimes like to see what else you are doing,
With 85,000 additional agents,..I think you are going to get some gung ho people with a lot of time on their hands and feel a need to prove their keep.
My Electrician (by Roy [AL]) Posted on: Aug 6, 2022 2:44 PM
There is nothing illegal about paying someone in cash nor is it illegal to receive payment in cash. I entered that transaction in my books as a Petty Cash Expenditure. And I am not paranoid or afraid of being audited either. So, what is the problem? --71.207.xxx.x
My Electrician (by bill [MA]) Posted on: Aug 6, 2022 3:46 PM
Roy, I agree,..there is nothing illegal to use cash, nor there ever should be,.but it does make some IRS agents look at it with suspicion, AND they have the power to make life miserable, even if you do everything right.
There are gray areas, that can be used,..to pay less taxes, but those same gray areas are often used by the agents to charge you with more tax. (showing that their time wasn't totally wasted) I heard this from a lecture from a former regional head of the IRS.
I have been told by a few friends that were audited by the random audit (I can't remember the name of it rt now) but they use it for gathering general information,..not really being suspicious of any wrong doing,. but it's crazy long and complex and makes one go through hell, even if they find little,..
But they also try to apply a few gray areas to make the audit show something.
True most audits are fairly simple, but they still try to find a few little things. However, my concern is with these new agents being gung ho , and with perhaps a lot of time on their hands and trying to show what they can find,.justifying their existence .
I'm not sure how many agents are currently employed now,.but whatever that number is,get a map of the United States and add that number with an additional, 85,000 and put that number of black headed pins in that map,..its going to take you a while and really cover that map,..
My Electrician (by Roy [AL]) Posted on: Aug 6, 2022 10:05 PM
The only thing about the IRS that irritates me is they ASSUME that ALL TAXPAYERS are nothing but cheats and liars. In other words, during an audit they assume you are guilty before proven innocent. And it your job as a taxpayer to prove your own innocence. I got this information from my CPA who has over 40 years of experience in dealing with IRS audits. --71.207.xxx.x
My Electrician (by DJ [VA]) Posted on: Aug 6, 2022 10:58 PM
I had a GREAT electrician like that for decades.
He retired and moved to Florida last fall.
I sure Miss him! --71.82.xxx.xxx
My Electrician (by LisaFL [FL]) Posted on: Aug 6, 2022 11:10 PM
Iím really lucky. I have a tenant who has worked as an electrician for 25 years. He doesnít hold the license but is qualified to do anything. He does tons of stuff for me for minimal charges (hangs fans, fixtures, runs new lines, replaces panels, etcÖ If we need to pull a permit he runs it through his bosses company and the boss lets him do my work because Iím his landlord. I do send him a 1099 every year when itís warranted.
I sold my plumber the house he was renting from me and financed it for him. We only did a 20 year amortization, he borrowed 150k on a 235k purchase price (so he put a bundle down) and the house is easily worth 350k now with our market and the upgrades heís made. So no worries there. And he takes care of all my plumbing needs and he owns a used appliance store so heís good for appliances and repairs.
Now I just need AC tenant. So far the best Iíve had is the next door neighbor of one of my tenants is an AC tech so he does side jobs and jobs after work for me, so I do have him in a pinch.
I take good care of these folks because I sure do need and appreciate them. --75.89.xxx.xxx
My Electrician (by Oregon Woodsmoke [ID]) Posted on: Aug 7, 2022 9:52 AM
[[[[[....... the IRS that irritates me is they ASSUME that ALL TAXPAYERS are nothing but cheats and liars.,,,,,,]]]]
That's exactly how I feel about tenants. It's up to them to prove otherwise before I will rent to them and 145 out of 150 applicants just reinforce my general belief about them. More than likely, the IRS agents discover that the numbers they deal with are much the same. --76.178.xxx.xxx
My Electrician (by Salernitana [CA]) Posted on: Aug 7, 2022 11:20 AM
Oregon Woodsmoke, Thanks for sharing your good fortune of having a electrician who is reliable. I hope that his rate will be reasonable when he does bill you. I'm glad that he fit you in for a job even though he is booked until November.
Roy and Robert J, I always admire your fearlessness, and thanks for your posts. --67.188.xx.xxx
My Electrician (by Ray-N-Pa [PA]) Posted on: Aug 7, 2022 9:14 PM
Some things you can cut corners on and other items you really shouldn't.
Someone trouble shooting and preventing a fire - isn't a place to try to save a buck.
When I was living down in SoCal, I remember seeing a box truck broken down on the interstate that read Cheap Lasik Eye Surgery. You know - I really don't want cheap any kind of surgery - especially from someone unable to keep a truck running down the road. --24.101.xxx.xxx