I’m Louis Adamson
Me in 10 seconds…
- I’m a builder, broker, thinker
- Theses days, I mostly play like I did as a kid, except I get to have the adult say-so and have an adult-ish level of resources.
- I’m a distance runner, a Vanagon aficionado, wicked handy, and I think most things can be figured out with a little “lefty loosey, righty tighty.”
- My grandpa taught me a bit about marksmanship when I was a kid. It was mostly plinking cans with a 22 and nothing too far out. When the pandemic came, it felt like the perfect hobby to get back into it. I got myself a proper sniper rifle, and a fancy scope that cost twice as much as the rifle. I already had the math and physics down. I read book, watched videos, talked to a few retired scout-snipers, and took a class in Utah. I taught myself the nuances of bullet-drop, making match-grade projectiles, adjusting the turrets on scope, keeping D.O.P.E. (Data On Previous Engagement), and most importantly, how to read the wind. I can shoot just under a 1/2 MOA group a mile out, which is about the size of a gallon of milk.
Me in 10 minutes…
- My main focus currently is preparing for long-term geographic independence. I’ve had the financial part squared away about halfway through my stint as an investment advisor from 2003 – 2010.
- Since 2020, I’ve learned that I was way off in terms of prioritizing myself. As we grow and seek to change, improve or whatever, sometimes those around us don’t. It’s easy to see a mile away looking at someone else, and shocking how blind we can be to recognize for ourselves.
- If you’re interested in creating a holding company with me, let me know and I’ll send you a questionaire. I have a few related projects that are all entrepreneurial in nature (Web applications with AI and automations, Media and Design Agency, community network, Teaching Critical Thinking, First Principles Reasoning, and Financial Literacy.
- I’ve specialized as a MEP Small Business Consultant. I’m happy to talk about where your business is currently, and where you want it to go. and have you condo you have succession planning in place.
- Beyond that, my side-project at the moment is turning a wrecked 1999 Ford F350 Extended Cab 7.3L DRW into a convertible work truck tool-tank.
- Throughout each day I also make sure my girl Esme, a Belgain Malinois, gets what she loves – a physically and mentally task challenging enough so the bitch gets exhausted by the dimming of each day.
Updates
Since around mid February, I became aware and started to learn about the potential within the relationship between property owner and the governing municiplity bestowed with the power to exercise authoritority over that property. I’ve found it hard to understand how this potential was put in place to be reached. It’s been eye-opening. It’s been slightly amusing here and there. Some of this was information I had read or witnessed related to my properties. Other times the amusement came from the broad research I sought ot make sense of it all, to find similar examples that support the outcome I hope for, or to understand how to become less shocked by how this potential gets put on the books.
To get a better idea of I’m talking about, here are a few notable examples you may have heard about in the news:
Failing to register a rental housing unit, which may include any property that is not owner occupied, and by that it means not a primary residence, is subject to penalty. I was asked for months to register a property that is a single family property purchased to redevelop, where no one lives and no one pays rent. The first offense is $100 fine, the second offense within 24 months is a $250 fine, and the third offense or more in a 24-month period is a $500 fine. The last sentence of the section describing the penalties for not registering states – “Each day of such violation(s) shall constitute a separte offense.”
This is how the potential penalty works out. If a property owner in Louisville, KY, failed to register a four-unit building for one full year, they would face escalating fines based on the ordinance’s penalty structure for each day the property remains unregistered:
First Offense: $100 per unit, which for four units would be $400 for the first day of violation.
Second Offense: Within a 24-month period, the penalty increases to $250 per unit, making it $1,000 per day for each day after the first day until the violation is corrected or the 24-month period resets.
Additional Offenses: For each day beyond this, within the same 24-month period, the fine would be $500 per unit, amounting to $2,000 per day.
Since each day of non-registration constitutes a separate offense:
The first day would be $400.
The second day would be $1,000 (first day of the second offense).
Every day after the second day would be $2,000.
For a full year (365 days), the fines would accumulate as follows:
Day 1: $400
Day 2: $1,000
Days 3 to 365: $2,000 each day
Total fine for one full year:
$400 (Day 1) + $1,000 (Day 2) + $2,000 * 363 days = $400 + $1,000 + $726,000 = $727,400
Thus, failing to register a four-unit building for one full year would theoretically result in a fine of $727,400, assuming no changes in the enforcement or ordinance during that period and that each day is considered a separate offense under the escalating penalty system. Even failing to register for two weeks, the approximate frequency that I have emptied the mail received in my PO Box for many years, the potential fine would come to $25,400.
This calculation is based on the information provided in the ordinance and does not account for any potential grace periods, and administrative discretion.
At the moment, I have four 4-plex apartment buildings and I’ve registered three of them. The remaining four unit building does not have a tenant in any unit nor a lease agreement place currently or with a future starting date. It is terrifying
I had a Short Term Rental License on five units that are no longer active. The changes for both LT & ST happened at the time. Because the were referred to differently, I thought I was registered to satisfy the LT requirement. It was presented to the public as what was needed to be able to reach property owners. I was reach and quite proactive in my communication with this department .