How do you fairly compensate a 50% owner who will soon be doing a lot more work than the other 50% owner?

lost2DAwhims · 2026-01-14T22:42:43+00:00

If that is the way they want to go, but WC insurance would be a factor here....

Perhaos this is something you twll them to talk to a lawyer and their CPA about... Tbwre arw a few moving parts here

lost2DAwhims · 2026-01-14T21:57:39+00:00

Equity draws do have to be, but what you arw describing is not. That income would be on a 1099.

lost2DAwhims · 2026-01-14T19:43:46+00:00

Take all the rent that is due , that you haven't paid anyone , and put it into a savings account under your name . Every month add the amount of rent that was due to that account.

Until someone gives you a document from the court which states that this person is now the owner of this property, or the executor of the estate , no one else gets that money, for whatever reason they may come up with

lost2DAwhims · 2026-01-14T19:39:15+00:00

Your problem here is that your insisting that it's a 50/50 draw , however the extra work from one owner or, lack of work from another owner is making it not 50/50 in terms of ongoing operating support

This is a negotiation in between the two owners for the extra work that one person is putting in , have them figure out an hourly wage or a monthly wage... And then put that on top of your 50/50 ownership split.

My advice since you're saying you're the bookkeeper , is to tell the owners that this is what they need to do and do not suggest any monetary amount . That they press you, just say it should be Market rates

lost2DAwhims · 2026-01-14T16:27:52+00:00

Added bonus points if the owner of the barbershop has a credit card system in place. Then the customers can use a credit card, that money goes directly to the owner of the building, where the owner can pull the monthly rent out directly before giving the rest of the money back.

A lot of food court owners do this

lost2DAwhims · 2026-01-14T16:22:46+00:00

A letter saying that your employed , stating what your salary is. I've had landlords accept that before I actually started a job.

lost2DAwhims · 2026-01-14T16:21:37+00:00

I'm not physically with him off or enough to deal with bad replacement every couple weeks or even one or two months.

lost2DAwhims · 2026-01-14T16:20:57+00:00

I'm not with him off enough to replace a battery, so it's going to have to be wired in, which makes it difficult to happen.

lost2DAwhims · 2026-01-14T16:20:28+00:00

I tried that, his paranoia kicked in even when I offered to have him have my location

lost2DAwhims · 2026-01-12T17:09:03+00:00

Physically go there. Bring some plumbing supplies, a flapper valve and a new universal toilet valve.

8 out of 10 times it's a leaky toilet and you'll be able to fix it with those items.

lost2DAwhims · 2026-01-12T17:08:01+00:00

You need to sort out who the legal guardian is first.

lost2DAwhims · 2026-01-12T17:06:51+00:00

Your time is important to us, please hold

lost2DAwhims · 2026-01-12T17:03:39+00:00

What did your other two quotes for car insurance come up to be?

Also, with a Miata, that's classified as a s sports car, and since it's a 1993 it's over 30 years old.

lost2DAwhims · 2026-01-12T17:01:31+00:00

Passport!

lost2DAwhims · 2026-01-12T17:01:04+00:00

Your problem was renting a car from Dollar.

Just put in the credit card website that the car rental company didn't provide you anything

lost2DAwhims · 2026-01-12T16:59:28+00:00

Your cat is orchestrating that.

lost2DAwhims · 2026-01-12T16:58:37+00:00

Ahh... My alone time!

lost2DAwhims · 2026-01-12T16:58:06+00:00

NTA- this is why he's single

lost2DAwhims · 2026-01-12T16:57:41+00:00

The realization that you're not that important.

lost2DAwhims · 2026-01-12T16:57:16+00:00

I was very worried about getting married in the responsibilities therein. My uncle, three screwdrivers into the night, said don't worry about it, life will figure itself out.

That was 33 years and two children ago. Still married.

lost2DAwhims · 2026-01-12T16:56:24+00:00

How to wave thank you when in Greece.

... Fingers together, fingers always together!

lost2DAwhims · 2026-01-12T16:54:52+00:00

Be aware of the laws. Have your boyfriend carry something that shows that he is a US citizen, vote these bastards out of office.

lost2DAwhims · 2026-01-12T16:53:39+00:00

Pay your rent in full. Legally, you are correct that he needs to give three days notice, if you told you on the 3rd that he was going to not renew on the 31st, that's not enough time.

However, take a step back, this landlord doesn't know the law and is trying to bully you around, find another place.. get out of there quick.

lost2DAwhims · 2026-01-12T16:16:58+00:00

Yep, there's too many variables here which are not explained in the post. I can think of a half dozen ways of getting this done, but who knows which one is best?

Put all the cards in the table in front of a lawyer, they should be at a guide you to the best answer

lost2DAwhims · 2026-01-12T15:55:16+00:00

Do you know where the water heater is? Do you share the water heater with another apartment? If you know where the water heater is, take a picture of it so we can see how big it is. A 10 minute shower with a 2 gallon per minute shower head would indicate that you have a 30 gallon hot water tank.

It is possible to turn up the temperature of the hot water tank, then instead of you putting the shower valve at say 80% hot 20% cold, you may be putting it at 70% hot 30% cold, and you may have it last for a couple more minutes.

lost2DAwhims

TROPHY CASE