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  1. MidwestLandlord

    Adapting to this Chaotic Restricting Social Climate

    I agree with staying legally sound. I will follow laws related to all this as needed (while also reducing my legal exposure as much as possible, like having very few employees and such) However, it's the "ethical" part of this I disagree with 100% I do NOT, in any way, have the ethical...
  2. MidwestLandlord

    The Gas Pump thread

    They're breaking interchange rules, not federal law. However, the way interchange agreements are written (depending on the merchant category code) is that you must follow PCI-DSS standards for fraud protection, which includes never handling the customer card. When fraud happens the first...
  3. MidwestLandlord

    The Gas Pump thread

    I'm back with more rain for the parade. Gasoline product names are dictated by federal guidelines in 40 CFR part 80. So your name suggestions (I realize it was a joke haha) would actually be illegal and considered misleading to the poor innocent consumer. Did I mention gasoline is highly...
  4. MidwestLandlord

    The Gas Pump thread

    @BusinessNoob feel like I'm just raining on your parade here haha But gasoline is a highly regulated industry...lot's of rules, laws, and regulations from municipal, county, state, and federal entities...plus entities that have massive control like credit card companies, beer brands, tobacco...
  5. MidwestLandlord

    The Gas Pump thread

    He's a humble guy and didn't want to be too "flashy" I guess lol
  6. MidwestLandlord

    The Gas Pump thread

    I wonder how this would work with jobber contracts where the brand dictates (and guarantees) a certain minimum margin to the marketer?
  7. MidwestLandlord

    The Gas Pump thread

    Majority of states mandate 10 gallons per minute max on retail gasoline dispensing (I know because I ran 12-15 gallons per minute and got fined and shut down a bunch of times over the years...there's a reason my stations did 12,000 gallons+ per day each haha) You'd save tons of time though by...
  8. MidwestLandlord

    The Gas Pump thread

    Like an ipad with a square attachment or something? Could work, but metering laws requires the fuel dispenser to show the amount dispensed in both quantity and dollars, and for a receipt to be provided that shows both upon request...so you'd have to figure out how to turn the dispenser "on" and...
  9. MidwestLandlord

    The Gas Pump thread

    Average gas price in Oregon today is $2.959 per gallon. Average national gas price today is $2.369 Average station pumps 2,500 gallons per day, that is an additional $1,475 per day or so in margin.
  10. MidwestLandlord

    The Gas Pump thread

    This is actually another issue. It is technically illegal to get back in your car at fill-up (everybody does it, I know) BUT according to federal laws (EPA) the legal registered driver of the vehicle is responsible for every drop of gasoline that comes out of the end of the nozzle (any gas...
  11. MidwestLandlord

    The Gas Pump thread

    This ^^^ I think the actual solution to this pain point is to cut out the c-store entirely. Gasoline delivery. An app where you punch in the location of your car (parking lot at work for instance), the app already contains your license plate number and automatic payment after your initial...
  12. MidwestLandlord

    The Gas Pump thread

    So this person with the app is not an employee, nor are they in an independent contractor, and they are on private property handling dangerous expensive product around the general public? Sounds like every lawyer's and every department of labor auditors dream honestly. 1) General liability...
  13. MidwestLandlord

    NOTABLE! My 600lb Life: Addiction, Enabling, More (RANT)

    I think this gets down right to one of the core issues. Sushi is part of Japanese culture, Pho is part of Vietnamese culture. It isn't so much, IMO, that they make healthier choices...it's that their culturally significant food is healthier. The USA didn't really have its own culturally...
  14. MidwestLandlord

    LANDFILL I'm done waiting to be rich, LOL.

    I think @loop101 meant that if you enjoyed providing value, then you would also enjoy the process of building a company that produces value...meaning you'd be enjoying your life right now without being rich. Of course no one builds a business off of charity, that's why there are 2 books and...
  15. MidwestLandlord

    NOTABLE! A Fastlane Test - What is Your Locus Of Control?

    Internal 70% External 30% I think I scored that high on external locus of control simply because I do believe luck is a thing. Good luck happens, bad luck happens...random events happen that are out of my control. But I beleive I am 100% responsible for my reactions to those random events...
  16. MidwestLandlord

    Have Smartphones Destroyed A Generation?

    We've been playing tons of board games with the kids! But yeah, it's a constant battle against technology and peer pressure. Driving to work this morning at 5:30am A car stopped in front of me had 2 little kids in the backseat. One was watching a movie on the screen hooked to the headrest...
  17. MidwestLandlord

    What's Value of Companies Under $100K Net

    Just think of it from the buyer's point of view. They are buying a business because they want an income producing asset. They are paying for the current net income and the assets that produce it. So if it's the owners themselves that are the income producing asset, because the clients rely on...
  18. MidwestLandlord

    INTRO Introduction

    I'm NOT saying that property management is the right thing to do. This is more of a mindset thing... How many property managers in your area SUCK? (in my area it's basically all of them) How many residential landlords self manage? How many commercial landlords self manage? How many...
  19. MidwestLandlord

    Struggle to move forward every week? Get ACCOUNTABLE like Legendary Fastlaners do...

    I can't speak for @LightHouse 's program here (I'm sure it's great!) But I have a productivity coach, she helps me hold myself accountable, and it's awesome. We talk every morning for 15 minutes We meet weekly in person We email and text back and forth quite a bit She keeps me on track for...
  20. MidwestLandlord

    INTRO Introduction

    Welcome! You're in Rhode Island? Why would there not be demand for property management in your area?
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