Showing posts with label Limited Partnerships. Show all posts
Showing posts with label Limited Partnerships. Show all posts

Tuesday, March 22, 2011

Day 462

The news wasn't good about my air conditioner at the rent property. I need a new one. The compressor has gone bad in the existing unit, and they're having trouble finding a replacement compressor. It's looks like game over for the big green box up on the roof. Since the unit is technically a heat pump, it means I will be replacing the furnace too. Since it is up on the roof, it means I will need a big crane to lift the new unit in place. All this is beginning to make last month's plumbing problems look like nothing at all. It's a pretty safe bet that I won't be making any money on this particular property for the rest of the year.

I had to take a bunch of K-1 forms over to my accountant today so he could finish my taxes. It's weird to me that I even get these forms. I certainly don't feel like I'm a partner with anyone. Legally, I guess I am though. I have a small interest in commercial real estate in one part of the country and an even smaller interest in a few oil wells in another part of the country. Neither of these things are making me any money either.

I wonder if it is even possible to make money anymore if you aren't a lawyer or have something to do with the healthcare industry? I know lots of talented writers, designers, architects and photographers and none of us are exactly getting rich. Competition, globalization, outsourcing, you name it: it just isn't easy to be a small business these days.

Enough negativity for one day though. There were some good things that happened as well. I'm almost caught up on my website work. I delivered several photography jobs today that I've been promising for weeks. I'm still in the running for the big trade show project in Houston too. If I get that one, I'll be all smiles for a while.

Dalmatian of the Day

Watch of the Day