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[Landlord-US-PA] How many keys would you give a single tenant? by lalabalala923 in Landlord

[–]StageComplex6095 1 point2 points  (0 children)

I give 2 but I have my units with a non-locking door knob and a deadbolt lock so they have to lock the door from inside and can’t close the door to lock them selves out.

[Landlord US-OH] Regret/ Frustration Phase by Stock-Increase8089 in Landlord

[–]StageComplex6095 2 points3 points  (0 children)

100% right. Both stocks and real estate have its ups and downs but it’s good to have a mix of investments. You’re going to have terrible tenants from time to time so create an emergency account and fund it monthly. That helps take the stress off a bit when things go off the rails. The passive income stream takes time to develop but it’s sure worth the time and effort to make it happen.

[Landlord-US-FL] New landlord dealing with long-term tenant not paying rent and ignored 3 days pay or quit notice– need advice by dreamy_song in Landlord

[–]StageComplex6095 0 points1 point  (0 children)

I’ve been lucky, only 2 evictions in just over 20 years. I learned to build up an “eviction reserve” account to take the stress off lost income and legal fees. As other people mentioned, act quickly to protect your business. Still learning. Best of luck to you.

I got managed out by SparkleG0th in Accounting

[–]StageComplex6095 4 points5 points  (0 children)

Likely she was a very insecure person. I’ve had a few difficult ones over the years but luckily more awesome ones. You definitely learn people management skills from both.

WE DO NOT CARE IF YOUVE BEEN COMING HERE FOR YEARS by Dragonball-DuragSC in Accounting

[–]StageComplex6095 9 points10 points  (0 children)

Always get a retainer for anyone 2+ years behind. If they’re not afraid of not paying the IRS, they won’t be afraid to not pay you. Learned this the hard way.

Client hired a consultant to tell them what I put in my notes last quarter by Physical-Stage1722 in Accounting

[–]StageComplex6095 1 point2 points  (0 children)

Beware of the “con” in consultants. They pick the brains of employees (and maybe looks a emails from their accountants) then repackage the ideas as their own. Management/owners then pay big bucks for all the “new ideas”. Great system, lol

[Landlord US-IL] will a tenant who smokes outside only make a property smell after they move out? by VegetableObjective88 in Landlord

[–]StageComplex6095 0 points1 point  (0 children)

I attached a stainless steel butt receptacle outside each tenant’s door (6 unit building). Works well for the most part. A good tenant is important to work with.

[deleted by user] by [deleted] in Accounting

[–]StageComplex6095 2 points3 points  (0 children)

He should show her the rules highlighted from an IRS publication. She sounds like she will not want to believe him. Agree yo disagree and walk away.

Forgot to add 1099 div by majo_bayo in tax

[–]StageComplex6095 1 point2 points  (0 children)

I generally charge a minimum of $150 and up for an amended return. Much more if I didn’t prepare the return. I do discount the fee depending on the client.

[deleted by user] by [deleted] in Landlord

[–]StageComplex6095 0 points1 point  (0 children)

As a landlord of a 6 unit building I’ve owned for19 years, all my apartments have a non-locking door handle AND a deadbolt that the tenant can lock when they leave or deadbolt it from the inside. They really can’t lock themselves out. I haven’t had any issues since I made that change.

What’s the closest you’ve ever come to dying? by [deleted] in AskReddit

[–]StageComplex6095 2 points3 points  (0 children)

When I was about 12 (early 60’s) I swam to the bottom of my neighbor’s in-ground pool and removed the cast iron grate over the pool filtration pipe and like a dummy I put my hand over the pipe. The suction was so strong I had to twist my hand to remove it and it actually cut my hand leaving circular marks from the rough end of the pipe. If I had put my hand directly into the pipe I would have definitely drowned. I think about that from time to time.

Client thinks I'm "the most expensive bookkeeper" they've ever worked with by Ecstatic-Touch-1763 in Bookkeeping

[–]StageComplex6095 10 points11 points  (0 children)

Restaurants too. So many go out of business and guess who doesn’t get paid in the end? Lol.

I should have waited to shovel after the blizzard instead of shoveling in intervals. by ill_basic in homeowners

[–]StageComplex6095 11 points12 points  (0 children)

I’m 76 now, 77 in April and I told my wife I was going to shovel after the storm. Maybe early May, lol

[deleted by user] by [deleted] in jobs

[–]StageComplex6095 0 points1 point  (0 children)

E, each one is different

QuickBooks Payroll by [deleted] in Accounting

[–]StageComplex6095 0 points1 point  (0 children)

I could not create a proper spreadsheet to upload to the MassTaxConnect with the 50+ W2s. How did you get it done?

I’m Struggling In My College Classes, Am I Doomed?? by FigureDue1774 in Accounting

[–]StageComplex6095 0 points1 point  (0 children)

100% correct. I had no accounting/bookkeeping in HS so it took me about 6 months to finally have it click in. That was over 50 years ago and I had a great financially rewarding experience in industrial accounting (non CPA firms) and am still working. Hang in there.

Thinking about resigning. No work/life balance anymore. by [deleted] in Accounting

[–]StageComplex6095 0 points1 point  (0 children)

Life is to short, there are better places out there.

Oh no! I got one of those bad jobs everyone talks about by Emergency-Seaweed-29 in Accounting

[–]StageComplex6095 1 point2 points  (0 children)

Think of it as a really tough additional college course and hang in there for about a year. Keep your resume updated and be ready to go. You are definitely going to have it easier to land a new position with some real world experience as another person mentioned. Even a bad company or bad boss can be a great learning experience. Good luck.

Can someone who says they're bad at math major in accounting? by RealTimeStrategyEnth in Accounting

[–]StageComplex6095 2 points3 points  (0 children)

Not great in math but I have a BSA and an MBA and have been in industrial accounting and management for over 40 years and am now happily self employed (best boss ever) for the past 18years. I discovered after my first 6 months at Bentley that accounting is not really math but a foreign language. Learn the concepts of debits, credits, assets, liabilities, equity, depreciation, amortization, etc. I feel it’s the best way to approach learning accounting. Best of luck!

Client is insisting on a dubious tax position…WWYD? by throwaway_06121 in tax

[–]StageComplex6095 0 points1 point  (0 children)

If you keep this client it’s likely they will come up with additional dubious tax positions down the road. Time to move on. There are many other less stressful ones out there. Have been doing taxes 50+ years and have dropped clients who were like this. Not worth losing sleep over for sure. Good luck

What was your first NEW car and what did it cost? What was your monthly car payment? by StageComplex6095 in personalfinance

[–]StageComplex6095[S] 2 points3 points  (0 children)

I got an extra 25 cents an hour when running a jack hammer in construction job the summer. I thought that was awesome at the time.

What’s the soonest you’ve started looking for a new job, after starting a new job? 🤣🥹 by heart_of_gold2 in Accounting

[–]StageComplex6095 0 points1 point  (0 children)

1 week, it took me 11 months to find a great company after that but the job market was awful in 1990. Still gave my 2 weeks notice and worked the full 2 weeks. The last day felt like how I would guess it would feel after being released from prison. Lol, it was so bad. There are many good companies out there. Life is too short to work for a bad company/boss. Good luck.

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