This N' That and Updates

Stocks, the trailer remodel, and other notes.

I recived a letter about bill board rent. here it is and the reply.

Hello--I am writing this for my father.  A sign company has a large billboard on his land, and they pay him $150 per year.  He has received this yearly amount for the past forty years!!  I think it's about time he receive more money.  (The space on the board is rented by a local insurance company.) What would be a reasonable amount for my father to receive, and how do I go about negotiating a new lease amount for him?  The lease contract expired years ago, yet all parties are still using the billboard.  Should I see a lawyer about this?  Seems to me my father should be receiving more money, and everything should be in writing.  Any advice/suggestions you have for me/us would be helpful.  Thank you in advance.

Thank you for writing.

Yes he should be paid more for his land lease.

The amount of rent depends on the signs size, location and the roads traffic count. call the highway department and get the traffic count, the rent the sign company charges the insurance company is based on traffic count. At a minimum I would think between $100 and $150 a month is in order. Ask for $200 a month and let them whittle you down a  little to $100 or $150. If they choose to leave instead of paying, put up a sign that says bill board space for rent, someone else might think it is a good sign spot too.

You could also call other property owners with signs and see what they are getting paid.

Best of luck

Jim glasgow Sr
Patiostore.com
Homeimprovementkits.com
Towardswealth.com

Stocks: My stock play money account sits at $28,758 after having taken out $6000 this year.  I started with $18,000 in February. I am mostly in cash except for acad a stock that went down 66% in one day. When it goes back up (that may take some time) I will get the $2K I lost back. It is some what more risky now that the stocks have had a run up. I will look at stocks with a PE under 10 and a profit history and companies with cash on hand. They will be less risky.

Regular retail Internet sales: We are at break even this year and that is not good. Therefore I am cutting expenses and payroll this month and for the next six months. Overall we have come through the down turn fairly well but the future is uncertain. My goal is to get through until spring (our busy season) and if next year is not profitable I will switch to full time real estate (Cash flow) investing with no employees.