Silver-ish Lining

It is tax time. Next to the bottom of the ninth inning in the final game of the world series, it is my least favorite time of the year. Tax season encompasses a lot of machinations involving: 1) me filing 2) Bliz sending me profit loss statements and 3) me filing.

I will gloss over the "me filing" for a moment, as I am sure I will pout about it in a later blog--when I have actually filed everything from 2012.

Bliz, my bookkeeper and dear friend of almost 30 years handles the actual crunching of the numbers. A major disadvantage to our relationship is that she happens to live in a midwestern city which is not in Arizona. Therefore, there are time zones and other barriers to getting things done. Personally, I think a lot of the information she needs from me should be conveyed with us sitting face to face over a margarita at an Aunt Chilada's happy hour.

During this time of year, Bliz sends me random e-mails, texts and phone calls asking quite reasonable questions such as, "I see a deposit for $1.34 on June 2 of last year. What was that for?" or "There is a bill here from last March from the UPS Store for $64.91. What did you buy?" At which point, I am forced to comb through a plethora of data, trying to figure out what I needed to buy, pay or repair that might have caused said bill. All along I am wondering why I didn't just document it at the appropriate moment.

In turn, Bliz calmly waits, probably polishing her resume and swearing she needs better clients.

This past weekend, Bliz sent me a rough draft of the profit and loss statement that she did for my biggest LLC--the one Marty Sunshine and I hold with Mr. and Mrs. Partner. I looked over the numbers in shock. They didn't match what I was expecting.

So, I e-mailed Bliz, "Not to nit-pick but these numbers are a lot more positive than I was expecting..." Granted, this is just round one of the Bliz and Me Balancing the Books game. However, I have seen years where the losses were in direct competition with the federal deficit (read: 2008 and 2009). Certainly, 2012 wasn't that bad. Most of my homes were rented for the majority of the year. If memory serves, I only had two vacancies in that particular LLC (one being Ms. Kathy and the other Ms. Shirley).

In years weeks minutes gone by, I have wondered with complete conviction why on earth I was doing all this. Is there a silver lining? Essentially, more than once I thought about letting the business go, exploring new (and preferably profitable) opportunities and just getting on with my life. With the numbers Bliz gave me, we are still looking at a loss. We are still undercapitalized. Our rents are still down. But the loss isn't that bad--if "that bad" is really something to attain. But then again, a small-ish loss certainly beats calling it quits.