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Marcy - with the help of Robert Alderman, the former IRS tax specialist that Frank recommended that we hire - convinced Jake to lease all the new equipment versus buying it and taking depreciation. When Robert showed Jake on paper how much of a reduction in owed taxes, it was a no brainer.Marcy was doing the leasing for all the equipment for the new site and replacement equipment for the PA site. Marcy was falling in love with big equipment.“It takes five car leases to equal one dump truck lease, with one fifth of the paperwork! Plus, you put the cars in the rental fleet and hope for 75% monthly ratio. With utility and construction equipment it’s rented 365 days a year,” she said at our meeting.We were no longer buying cars and light trucks from dealers; Marcy was now buying direct from GM, Ford, Nissan along with International and Peterbilt trucks through their commercial sales divisions. Those were two truck lines that the three utilities we were leasing to liked to use.Marcy had. “I guess you’re okay with this too, huh Mom?”“Yes, Joel, I’m happy here and I really pleased that your dad is going to get an opportunity to show these new people just what he can accomplish,” she said with genuine enthusiasm.“So ... when does this Shelter outfit take over?” I asked.“It won’t be until the end of the year. In the meantime, I have a possible opportunity for you. We’re going to have to unhook ourselves from the MidConAg systems and set up the system our new owners use.“They have had a number of different companies that operate with their own independent systems and they intend to bring them all into one general system. I expect there will be the usual problems of overcoming the learning curve and trying to keep everyone happy. They are our bank, and their interest in the business is purely financial. Walter was concerned when he heard that,” Dad said.“So, what’s this opportunity you have for me?” I wondered.“You did such a good job with the two systems you put in place.
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