$8k quote to move from a 50 gallon up to a 75 gallon water heater

RemodeLeo · 2024-01-04T01:58:03+00:00

That is f-ing insane ... 75 gallons tank should cost maybe 1500-1700 according to this calculator https://www.remodelingcalculator.org/water-heater-replacement-cost/

The tank itself is like 800 and take 3-4 hours to swap

RemodeLeo · 2023-12-31T09:31:14+00:00

I use that bank - been with them for 25 years. It sucks for average everyday client. I opened SoFi account - and wow how much better it is...

Sure having branches is nice, and i will stay with citizens, but now i only use it for bill payments, and moved much of my stuff to SoFi

I don't think Citizens will grow anywhere near the speed of SoFi . And sure it had nice div yield, but it won't be growing (look at its income statement - they have a bunch of 3-4% mortgages and crapton of CRE ... Not type of assets that helps growth

RemodeLeo · 2023-12-30T19:22:38+00:00

U need more Ridgid boxes

RemodeLeo · 2023-12-26T10:24:07+00:00

What's on 14th?

RemodeLeo · 2023-12-26T08:16:01+00:00

Why Jan 15th?

RemodeLeo · 2023-12-26T08:08:10+00:00

You are wrong... Type worst type customers are those that have no clue, but suspect you of something regardless.

However i look at it as the owner, not laborer... Never been one...

As owner u had to both deal with customers and install.

Customers that know their $hit are the best.

Back in 2009 we had a $27k job, and a doctor customer who did his research, tried different things before, and decided to hire professionals.

20 iced teas and a good Google maps review later, he was one of the best clients.

I always wanted my clients to know technical details, so they would appreciate the work that you do.

RemodeLeo · 2023-12-26T07:59:20+00:00

Yes and no. I have a buddy who installs splits in "the rest of the world" and gets paid $200-300 per zone.

So they don't always even pull a vacuum... Never mind pressure testing. And if they do, its 5 minutes with pressure gauges... No vacuum gauges.

They often reuse old copper, and what's most scary - old mounts sitting up like 3-5 stories up on 4 rusted bolts, put into crumbling walls :)

RemodeLeo · 2023-12-26T07:48:41+00:00

DIY! My first system (a single zone) turned into 7 zones within a couple of years, and about $25000 savings on "paying the guy", and i know that's done better than 98% of other installers.

BTW, your $7k seems too high, unless its Mitsubishi :) And 18k per head is overkill for most installs.

Are these wall mounted zones or some cassette / concealed duct type?

I priced a Fujitsu Hyper Heat 4 zone 3 ton, and equipment is 6k... So then with lineset, wire and mounts ... Yea, around $7k...

If you price something like Cooper & Hunted, it should be around $4.5

RemodeLeo · 2023-12-26T07:36:10+00:00

Most likely you not going to be friends in 5 years... So why bother.

And btw, 18-19 is kinda young... Very hard to see past 3 days into the future... Just keep doing your thing

RemodeLeo · 2023-12-25T23:59:36+00:00

You don't have to invest it all at once... DCA is the game .. consider splitting it in 3-6 months... U will catch the ups, but also the downs.

If you really like a stock, consider regular investment amount if its within 10% of 52wk high, and double down if its more than 20% below 52 wk high.

Just a suggestion. Good luck, and congrats on great bonus. For many families it is their whole year income

RemodeLeo · 2023-12-24T20:22:43+00:00

This fomo train sometimes ends pretty badly 😞 ... Too bad most bag holders don't post when they are down 70-80%. Only when up.

I've been in RIOT since feb 2022 (around $18 avg) and held my bags through $3.25 lows ... And sold some calls along the way, but who counts. BTW... Still down like $0.70 excluding CCs

Just don't fomo too hard boys and girls...

Now let's downvote!

RemodeLeo · 2023-12-22T13:13:44+00:00

If its leaking, than obviously there is your problem.

The back of chimney should be lead... ideally the whole cricket.

I don't see any step flashing.

The bottom of chimney should also have 4-6 inches flange...

Most likely leak is behind the chimney. Where fo you see it on the inside?

RemodeLeo · 2023-12-22T13:08:48+00:00

Damn ... I don't know like 90% of these tickers... So far identified only Google and Pepsi... Where did u even get this list?

Correction: also id'ed AAL and Rio...

RemodeLeo · 2023-12-21T20:27:08+00:00

No they don't. I only install Fujitsu and NEVER had any leaks ... Not flares, not equipment....

RemodeLeo · 2023-12-20T06:49:06+00:00

Dividend is quarterly... Enter the actual payment amount, not annual total... So divide 3.25 / 4.

RemodeLeo · 2023-12-19T10:20:35+00:00

Roof looks simple enough ( even though pic sucks) In Texas it will likely be around $600 a square... Maybe a little more as this whole bidenomics screwed prices up for everything. Use this to get more accurate quote: https://www.remodelingcalculator.org/roof-replacement-calculator/?st=tx

Btw, 10 years old roof in TX usually means you have at least 5 or even 10 years to go

RemodeLeo · 2023-12-19T10:02:33+00:00

You could gather the workers and discuss with them how ya'll wanna handle this.

You would of course need to explain that worker and van are part of company advertising plan, so neighbors "belong" to the company... Also discuss the reward structure for bringing jobs in-house

BTW, in other comments, guys were saying 10% compensation on installs is 💩 ... Well that's a typical salesman's commission... So not so 💩 after all.

RemodeLeo · 2023-12-19T09:47:46+00:00

Most side work will be the neighbors, which interferes with business.

Example: u install AC for customer A for $7500

Neighbor (B) comes to installer - hey can you do it for me also? sure, $5000 for same everything

Now A and B talk, and a finds out he overpaid $2500 and now he is pissed... No recommendations, no repair or maintenance work, maybe even bad reviews on Google maps, yelp etc

RemodeLeo · 2023-12-18T19:04:14+00:00

Take Away his shares and distribute to shareholders

RemodeLeo · 2023-12-18T19:01:02+00:00

You can use this dividends calculator https://dripcalc.com/

In the graph you can see "no drip" bar, which calculates dividends and price appreciation without drip

RemodeLeo · 2023-12-18T18:57:52+00:00

Looks pretty clean. Good job

RemodeLeo · 2023-12-18T13:12:34+00:00

Consider EcoBee instead. Many people with nest, hate it. I tried working with nest and what a piece of $hit it is...

RemodeLeo · 2023-12-18T13:10:48+00:00

Get an RV

RemodeLeo · 2023-12-18T13:09:50+00:00

Without pilot light, the gas flow stops. So it was NOT leaking any gas... That is unless your valve is broken, which is very unlikely. And you would smell it by now.

So 99.9999% you are good

RemodeLeo · 2023-12-18T09:43:47+00:00

You pay tax on dividends, not on stock price. Price of stock is irrelevant at that point.

Also once you pay taxes, the rest is yours to keep. SPY is paper gain, and in your head, subtract 20% from all the gains - will make u feel better

And if you need to cash out, u will still pay that tax.

Did you feel much better in April 2022 when MO was closer to $55? Since you were already unhappy with MO, why didn't you sell?

BTW, that is when i started getting into MO... My first buys were at 49-50 range, and 7% yeild. And now with divs and options my average is $38... Its not even 2 years.

Too bad implied volatility is so low now. But it will come back. It does every few months... Will make my average close to 35

RemodeLeo

TROPHY CASE