The Trinituner Entrepreneurship/Self Employed/ Side Hustle Thread

[zoom rader]

Best bet is being a landlord 8 apartments @ 2500, that 20k tax free once you find the right renters.
A lil maintenance now and then plus yard man to clean up ect and that's easy money.

[Miktay]

Best bet is being a landlord 8 apartments @ 2500, that 20k tax free once you find the right renters.
A lil maintenance now and then plus yard man to clean up ect and that's easy money.

ZR: what does one of these apts cost?

And in what area?

[Ted_v2]

I'll post a story about a roti shop I helped setup. Lasted 2 months, road traffic was the problem.

[Reez100]

opened a small hardware one year ago thinking bout counting my losses n calling it quits after investing everything

[eliteauto]

I'll post a story about a roti shop I helped setup. Lasted 2 months, road traffic was the problem.

opened a small hardware one year ago thinking bout counting my losses n calling it quits after investing everything

would you care to share your experiences?

[nervewrecker]

First time I actually seeing this thread and browsing in it.

They placed me with the AC crew at my job, been there just over a year. I'm a fast learner so some things I am pretty capable of.

Decided to start doing servicing and troubleshooting on my own on the outside (not keen on installation but I will do it if a job arises). Bought all my equipment (quality stuff) and have it.

Money is good and there is a market for it.

My main competitors not too competent and the rest are youtube learned technicians. Have a background in electrical engineering and im talented with my hands. My work speaks for itself against that of my competitors.

Thinking about getting certified in it soon and registering a business.

[Reez100]

i stock quality brand products, but the minimum quantity you have to buy locally to get a good price for example 1/2" pipe the minimum quantity is 500 when will that sell out to turn over the money and that is just one item

[kjaglal76v2]

let us kno when u have closing down sale, I looking for some stuff

[eliteauto]

i stock quality brand products, but the minimum quantity you have to buy locally to get a good price for example 1/2" pipe the minimum quantity is 500 when will that sell out to turn over the money and that is just one item

what's the possibility of linking with contractors or developers?

[Reez100]

did that! hear how it goes they want 30days credit, no problem, what happens when the contractor doesnt get paid and you hadda pay your suppliers n their credit runs for more than 120 days suppliers dont want to hear that

[A172]

let us kno when u have closing down sale, I looking for some stuff

x2

[liquidmetal]

What's best for accepting online payments??

i does have a Payza, but getting a visa card to use Paypal. Another else than Paypal?

Have you looked at using Stripe? Depending on the type of site you have, I can help set that up for you.
https://hivesource.me/hivejobs/setup-your-website-to-accept-online-payments?ref=wsn

That is how I currently process visa/mastercard payments on my platform. I have access to funds within 2 working days. None of that PayPal 21 days waiting crap.

There are other providers on the link above that can help out with other things as well.

[Miktay]

did that! hear how it goes they want 30days credit, no problem, what happens when the contractor doesnt get paid and you hadda pay your suppliers n their credit runs for more than 120 days suppliers dont want to hear that

Sorry 2 hear...but alotta Caribbean small bidnesses want 180 day terms...

[Emmar01]

Didn't get any responses or advice from triniTuner so I did my own research. Posting here for others to add/subtract/comment for you budding entrepreneurs out there...
Points to consider:
1) You have to have regular contact with the driver. Take copies of his DP and ID#, and even visit his home randomly to make sure he's legit. Better yet, hire someone you know and trust
2) The real inducement for the driver to take care of the vehicle is to make an arrangement that after X years he will own the car outright. Make sure that over the X years you manage to make back your money and then some
3) Put a GPS on the car so that you know if the driver is laheying or really working. At the end of the day however (pun intended), all you should be concerned about is that you get your weekly payment. What he does outside of that shouldn't be too much of a concern
4) Specify the route you want him to ply, so that if its convenient to you, you can monitor it
5) Specify that the first $XXX of any repairs due to mechanical or collision damages will be paid by him. This is a bit tricky to enforce though, as most of the time the poor guy doesn't have that kind of cash to begin with

Hope this helps.

[trinigamer]

Gong back to renting apartments, how do you deal with non-payers, the eviction process and so on.

[xtech]

Monitor your webcams an wait till they go out then u send some moving men to remove their belongings an store them safely somewhere in a shipping container

Stick up a invoice for the rents owed including the moving men and the monthly safe storage charges on the locked gates


an then u wait until they cough up the dough.

[rspann]

You cannot just go into someones apt. and remove anything. You could be charged for breaking and entering,and larceny. The correct thing is to get a licensed bailiff ,he will register your claim in the court. He carries his transport, policemen and levies on them for the rent owed. He puts it in storage and they have a certain time to redeem it. If they don't he sells it and you are paid out of it. I have done this many times, but the best thing is to wait until after the first day of the second month so you levy for two months rent.When you do that they leave of their own accord. If you try to evict them you cannot collect rent after you give them the notice.
Tenants feel they have rights and do not realise that the owners have rights too.

[trinigamer]

I heard not to rent to police, TTDF, fire service - any truth to that?

[viedcht]

^^^Some good info

[rspann]

I heard not to rent to police, TTDF, fire service - any truth to that?

I never had bad experiences with any of them so I won't say they bad. Sometimes the ones who you least expect it from are the delinquents.Right now I have quite a few Policemen /women and no problems. Security guards sometimes get money problems though. The policeman who fell to his death in Penal was a former tenant of mine for years and never gave any trouble although people feared him while on the job.

[pugboy]

What are typical charges to get a bailiff to do this ?

You cannot just go into someones apt. and remove anything. You could be charged for breaking and entering,and larceny. The correct thing is to get a licensed bailiff ,he will register your claim in the court. He carries his transport, policemen and levies on them for the rent owed. He puts it in storage and they have a certain time to redeem it. If they don't he sells it and you are paid out of it. I have done this many times, but the best thing is to wait until after the first day of the second month so you levy for two months rent.When you do that they leave of their own accord. If you try to evict them you cannot collect rent after you give them the notice.
Tenants feel they have rights and do not realise that the owners have rights too.

[JF.K]

Inside for info..

[rspann]

He charges one months rent,in this case $3000 or $3500. The thing is he has to seize enough to cover his cost too. The guy I use , does not ask me for payment up front. He does the job and then takes his payment when he sell the goods..his fee includes his truck and police support .

[rspann]

Btw,most tuners know him, he is one of us. I won't put up his name though.

[pugboy]

So hopefully there will be a flat screen tv or two plus other easily sold items

[Miktay]

Didn't get any responses or advice from triniTuner so I did my own research. Posting here for others to add/subtract/comment for you budding entrepreneurs out there...
Points to consider:
1) You have to have regular contact with the driver. Take copies of his DP and ID#, and even visit his home randomly to make sure he's legit. Better yet, hire someone you know and trust
2) The real inducement for the driver to take care of the vehicle is to make an arrangement that after X years he will own the car outright. Make sure that over the X years you manage to make back your money and then some
3) Put a GPS on the car so that you know if the driver is laheying or really working. At the end of the day however (pun intended), all you should be concerned about is that you get your weekly payment. What he does outside of that shouldn't be too much of a concern
4) Specify the route you want him to ply, so that if its convenient to you, you can monitor it
5) Specify that the first $XXX of any repairs due to mechanical or collision damages will be paid by him. This is a bit tricky to enforce though, as most of the time the poor guy doesn't have that kind of cash to begin with

Hope this helps.

Some men w/replace ur original parts 4 Taiwanese or 2nd hand...

[shogun]

Any advice for someone interested in selling original art?

[supercharged turbo]

Btw,most tuners know him, he is one of us. I won't put up his name though.

De man with de evo?

[desifemlove]

You cannot just go into someones apt. and remove anything. You could be charged for breaking and entering,and larceny. The correct thing is to get a licensed bailiff ,he will register your claim in the court. He carries his transport, policemen and levies on them for the rent owed. He puts it in storage and they have a certain time to redeem it. If they don't he sells it and you are paid out of it. I have done this many times, but the best thing is to wait until after the first day of the second month so you levy for two months rent.When you do that they leave of their own accord. If you try to evict them you cannot collect rent after you give them the notice.
Tenants feel they have rights and do not realise that the owners have rights too.

but it your property, how can you burgle your property?

[Work_to_own]

5) Specify that the first $XXX of any repairs due to mechanical or collision damages will be paid by him. This is a bit tricky to enforce though, as most of the time the poor guy doesn't have that kind of cash to begin with

Once the deal is work to own, any repairs/mechanical maintenance is handled by the driver of the vehicle...

If a boy just "wukking" a car for you with no prospect of owning it, the onus is on you, the owner to maintain it.

Well at least that's how I do it.