Concerning my real estate investing opinions, comments and communications you can find me all over the net. You can find me on facebook and twitter. I’ve even decided to integrate twitter and facebook wherein I comment on twitter and it shows up on facebook. Pretty cool, eh. (Thanks, Lani.)
On facebook I’m just plain ol’ Chris Lengquist
Or keep finding me here at BBQCapital.
Now, won’t you be my friend?
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What motivates you?
Want to know what motivates me? (In no particular order.)
To be sure those are not all encompassing. I believe in balance. I believe in our future. What do you believe?
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Okay. So I told you the Missouri auditor had arrived. My sales files are all okay. My property management files, on the other hand, were a real headache. First, there was the comedy of errors. See, I use a professional software package for my property management (No, I’m not looking to manage more properties. Just mine and the five other doors I have is plenty, thank you.) and it has a lot of accounting practices contained therein. Problem is, neither I nor the auditor is an accountant.
As such, we spent 3.5 hours looking at why we couldn’t balance her figures that showed I had mis-appropriated $225.00 somewhere along the line. The $225 was missing, unaccounted for and as you might imagine, that’s a problem. After about an hour I began to question myself!!!!!! But every month I collect the money, write the checks and every month the check register reconciles with the bank statements so I knew I hadn’t done anything wrong. And besides, who steals $225.00? If you’re gonna steal, go big!
I went home frustrated at the end of the day on Monday and quite frankly, a little worried. This was my reputation. But then it hit me while mowing the lawn that night! I went back in Tuesday morning and discovered she (we) had started with the wrong number from the bank statement. I end my month on the 11th. The bank ends the month on the last day of the month. A combination of checks (totaling $225.00) were written/cleared in between those two dates.
You might say you’d have figured it out right away. And I probably should have. But with an auditor sitting there asking questions about a financial software program I use that I barely even understand (it just works!) I did get a little flustered. Which, is kinda funny really. I spent years in DC as a private investigator. I’ve been shot at. I’ve met Senators and Congressmen. I’ve testified in court so many times it’s not countable. Yet, here I was a little frustrated and nervous.
Anyway, with the money problem solved I did find out my property management agreement I have with the two owners I work with didn’t have a Missouri required clause requiring my Duties & Responsibilities regarding agency (never mind that I give them the official State of Missouri Brokerage Disclosure) and therefore my property management agreements are void as far as Missouri is concerned. Simple enough. I’m adding the clause today and getting the new agreements out in the mail immediately.
Oh, and I was sited for not charging enough! See, my agreement says 6% and on one property I’ve been taking a flat fee that adds up to 5.2345%. So I have to charge more or amend the property management agreement. Funny thing to be sited for as far as I’m concerned. The owner never noticed or cared. I’ll guarantee you that!
All is well that ends well, I guess. I’ll find out my punishments in about a month or so. But I promised to keep you updated so there you have it.
Filed under Legal Issues, Uncategorized
Warning: This post has absolutely nothing to do with Kansas City Real Estate Investing.
Okay, so I admit it. I’m a closet Trekkie. No, I don’t own a Federation uniform. I’ve never been to a Star Trek convention. And I don’t currently own a set of blueprints to that beautiful bird the Enterprise. However, I do admit to having seen every episode of the original series far more than I’d like to count. I do have a Star Trek watch. And I scoff at the notion that Star Wars will ever be as cool or cutting edge as Star Trek.
With that full disclosure I want to say I caught the 9:00 pm preview session of Star Trek last night and it rocked! Heck, even their website is super cool. But back to the movie. I’m forty-four. And even though there has been about a 40 year gap between the end of the series and this movie the characters, to me, were spot on. Spock looks like Spock. Dr. McCoy is as wry and sarcastic as ever. Kirk is nothing more than a pirate with a really cool ship.
Speaking of Kirk, I told a guy waiting in line last night that I couldn’t wait to see the movie to see which “Star Trek” foreign policy makers we were gonna see. To me, Deep Space 9, The Next Generation and all were all too peace loving. Always trying to negotiate and see the other side. Give me Kirk. Shoot first, ask questions later. After all, this is the movies, let’s have some fun and blow some things up! Then take their women.
Anyway, I loved the movie. Oh, I’m sure there are some purist out there that will find something wrong. But for me, I fell right in. Maybe because I wanted to. Now I can see future Star Trek movies that don’t include a geriatric crew. I loved the originals. But I’m not ten anymore and they certainly shouldn’t be sleeping with aliens and violating the prime directive at their age.
I was going to bring up how awesome the Royals are doing but I’ll save that for another day. If you are reading this and like Star Trek get out and see the movie. If you are in KC get out and see the Royals and the new “K”. I’ve been and it’s an awesome upgrade.
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