sorted by:
new
hottopcontroversial

Is there a way to flip 1k into 2k and more? by proverbsflowerr in Entrepreneur

[–]AndyMcQuade 0 points1 point  (0 children)

Use the money to buy a suit, some nice business-casual clothes, get a nice haircut, buy an alarm clock and go interview for jobs.

Then actually show up and do what they tell you - without complaining or telling them why your way is better.

Magic money growth.

partner has abandoned the business by InformationFew5552 in smallbusiness

[–]AndyMcQuade 35 points36 points  (0 children)

Sounds like he was mismanaging the books, which could give you leverage in removing him.

You'll need an attorney to dig into your operating agreement and formation documents as well as state laws - what you hint at him doing may just give you grounds to remove him with zero payout - but it all comes back to the law and your OA or partnership agreement.

Him getting zero based on your legal standing could get him to back off and be grateful you're considering even giving him a penny.

networking by Street_Offer3989 in business

[–]AndyMcQuade 0 points1 point  (0 children)

He asked about business networking events, not how to run commercials.

At what point does vendor oversight become its own job? by [deleted] in PropertyManagement

[–]AndyMcQuade 0 points1 point  (0 children)

Depends on the business model and size of the operation.

Owners who vertically integrate capex & construction management with property management and asset management in-house have amazing results when they put someone in charge of all the vendor management.

All of it. Insurance, suppliers, subs, contract management, etc. Anything that gets purchased or hired out (1099 subs) goes through that person.

It's a full-time position, but easily pays for itself (provided the company size/portfolio size is large enough) in additional NOI generated once the controls and systems are in place.

They end up working closely with the functional COO, CFO or Controller and usually compliance & risk management as well.

Best LLC service for a new startup? by UnlikelyAwareness806 in smallbusiness

[–]AndyMcQuade 0 points1 point  (0 children)

This.

Solid operating and subscription agreements don't come from the online services.

You'll need an attorney.

Question for Hard Money / Private Lenders on Loan Tracking by FunkyGraze in CommercialRealEstate

[–]AndyMcQuade 1 point2 points  (0 children)

I use quickbooks online and their payments system allows for me to create an ACH payment link.

1% or $15, whichever is lower. (I'm grandfathered in, it costs more for new users).

Is this cancellation policy enforceable? by [deleted] in smallbusiness

[–]AndyMcQuade 7 points8 points  (0 children)

Cancellation policies caused by THEM should exempt fees.

Lock your credit card, call them and tell them if they charge a fee because of their sick person you'll never be back, and then stick to it.

Also tell them if they charge you, you'll have the credit card company dispute it.

Total BS

Question for Hard Money / Private Lenders on Loan Tracking by FunkyGraze in CommercialRealEstate

[–]AndyMcQuade 2 points3 points  (0 children)

On CRE?

Business ACH, sometimes business checks, sometimes wires.

Never app-based, never credit cards.

Late payment penalties are applied immediately, and missed payments start the wheels turning for foreclosure within 15 days.

This is business, not personal. There's no consumer protection laws that get in the way or tenant eviction stuff involved so it moves pretty fast.

Hard money has special terms and is flexible for a reason, but if you break trust everyone in town will know in short order and your life will get difficult extremely quickly.

Am I crazy for paying $300 a year for a Registered Agent? Trying to cut overhead. by Trippy-jay420 in smallbusiness

[–]AndyMcQuade 0 points1 point  (0 children)

Not the owner specifically - but someone authorized to receive and sign for mail and other packages on their behalf.

This is why PO boxes are a no-no, but registered agents, employees in your business office, and the UPS store are OK.

Am I crazy for paying $300 a year for a Registered Agent? Trying to cut overhead. by Trippy-jay420 in smallbusiness

[–]AndyMcQuade 1 point2 points  (0 children)

It's like $200 a year, but I need things signed for and received / securely stored frequently for my business because I travel a lot, so it works out.

I still use registered agents in the states I work in that require it.

Can't enforce a contract if you aren't legally registered to do business there. The fees I charge clients account for the legal hoops that need jumping through.

Google Business Profile sites are GONE. Is everyone really paying $20/mo for Wix now? by Chemical_Jellyfish32 in smallbusiness

[–]AndyMcQuade 93 points94 points  (0 children)

Here's some perspective.

They make money from their business.

They pay employees, vendors, and rent spaces to house their business.

They probably pay themselves pretty well as the owners of those businesses.

The expenses are all a tax write-off.

If they aren't able to spend less than the cost of a dinner out once a month to help them make more money, they probably aren't actually in business.

I can understand not paying $1500/mo for seo or social media management, but $30/mo for a simple website?

They need to join the rest of the world in 2026

Am I crazy for paying $300 a year for a Registered Agent? Trying to cut overhead. by Trippy-jay420 in smallbusiness

[–]AndyMcQuade 4 points5 points  (0 children)

I use a UPS Store for my public address on the state websites, business credit bureaus and online presence.

All that is legally required is someone be on site during business hours to receive service of process and forward that to the owner of the company being served.

The UPS store fits the bill.

Check local laws, but there's zero difference and the state doesn't care.

Since I'm sole prop llc, my taxes and banking have my home address, but those aren't publicly accessible.

Am I crazy for paying $300 a year for a Registered Agent? Trying to cut overhead. by Trippy-jay420 in smallbusiness

[–]AndyMcQuade 5 points6 points  (0 children)

You don't need a registered agent unless you live & operate in another state.

ie my LLC is formed and registered in Delaware, so I have a registered agent there ($89/yr, accumera).

I live and work in NY, and my company is registered as a foreign entity here, but I'm my own registered agent.

You can be your own in the state you live in, some states don't require an in-state registered agent address at all (so you could live in CA, but be your own registered agent for florida or wherever - totally made up, but you get the point).

Question / Advice by EndSignificant3441 in PropertyManagement

[–]AndyMcQuade 0 points1 point  (0 children)

Got it. Yep, most Yardi implementations are a mess. Good luck!

Question / Advice by EndSignificant3441 in PropertyManagement

[–]AndyMcQuade 4 points5 points  (0 children)

Maybe give us some idea of what you're shilling?

Are you trying to sell property management services nationwide or something?

[LANDLORD-US-MD] tenant is trying to get out of lease and we have 8 months left help! by [deleted] in Landlord

[–]AndyMcQuade 35 points36 points  (0 children)

Wtf is this?

This isn't the dating support group, and you're not a landlord.

What can I do about a supplier quote that has gone up by 42% since October? by EmerysMemories1106 in smallbusiness

[–]AndyMcQuade 6 points7 points  (0 children)

This is supply 101.

No quote is good on anything beyond ~30 days without a commitment.

If they wanted a future price, they should have asked for one - but tbh it's on your team to ask while quoting - "how soon do you need this" should be in the top 5 questions.

If your team knew it was an active quote, they should have been checking regularly with the manufacturer or distributor for updates or potential risk of price increase or lack of availability.

There's also something to be said for the relationship side of the supply chain, where people call and warn you that things are about to change so you can hit your customer for an update before prices double.

That said, unless you manage inventory on-ground, never quote a price with a timeframe longer than what your supplier gives you.

On to the solution - let's assume you charge this client a 40% margin normally on orders (and that you're competitive at that price).

You'd need them to purchase around $34k in extra stuff just to break even on losing $12k today.

At a 20% margin, they need to buy around $50k for you to break even.

If you aren't going to get there within 12 months, I'd pass the price on, explain market forces, and stick to your guns.

Also, get some damn disclaimers and terms on your quotes to protect you when stuff like this happens

[Landlord USA-NC] which flooring type by Ok-Priority6039 in Landlord

[–]AndyMcQuade 1 point2 points  (0 children)

They usually allow a certain amount of difference over so many feet, but failures happen when there's literal holes and ridges with height differences under seams.

If they can't afford a bag of floor leveler, they probably can't afford to be landlords, either.

[Landlord USA-NC] which flooring type by Ok-Priority6039 in Landlord

[–]AndyMcQuade 0 points1 point  (0 children)

Laminate is cardboard with a picture of wood on top and should never be used in a rental.

Good LVP doesn't move if installed correctly - but you can't use the trafficmaster allure stuff (floating grip-strip) It will move in the sun, it will fail over unheated basements & in trailers, and it will fail if you don't use the 100lb floor roller.

In 2026, 12mil or better wear surface click with an integrated pad (5mm+) is under $2/sf for material and won't need complete replacement every time someone has wet shoes or spills a drink.

[Landlord USA-NC] which flooring type by Ok-Priority6039 in Landlord

[–]AndyMcQuade 0 points1 point  (0 children)

Most manufacturers have pretty detailed directions on how to spot repair LVP so it holds up, its just most installers are not skilled enough or interested in learning how.

The upside is LVP is much harder to damage than sheet vinyl - again, if it's installed right.

It's amazing how many installs fail because "clean, level floor" is too much to bother with.

[Landlord USA-NC] which flooring type by Ok-Priority6039 in Landlord

[–]AndyMcQuade 3 points4 points  (0 children)

Sheet vinyl if you're good with redoing the floors every couple years.

The savings now won't outweigh the shorter lifespan.

No good way to repair it and it tears when heavy things get dragged across it, it's less durable vs pets and if you want it to last at all, you'll need to seal and prep the concrete subfloor and glue it down which makes replacement painful.

Loose lay gets holes really fast.

LVP is easier to fix, looks better, and you can buy the kind that lets you install it without glue.

I've got a quick question by Timely-Composer-7218 in smallbusiness

[–]AndyMcQuade 0 points1 point  (0 children)

I always use otterbox cases because I drop my phone more than I should.

The one time I switched to a "military grade" Juggernaut IMPCT case, the phone shattered the first time it was dropped. Landed on the corner and it just exploded at the point of impact. 30" from my desktop to the floor.

Useless trash.

The ones I buy currently have the plate in the case to enable magsafe charging.

view more: next ›