may have to sell my toro z due to family illness

Discussion in 'General Industry Discussions' started by daveintoledo, Mar 24, 2006.

  1. daveintoledo

    daveintoledo LawnSite Silver Member
    Messages: 2,587

    not sure yet, but i may need to help with the cost of a temporary nursing home for a family member.... which means i might have to sell my main piece of equipment....ive been offered close to what i paid for it....

    this means one step forward, two steps back... i may have to resort to my old lawn tractor to do the accounts the first half of the year till i can get another z or a good walk behind... (kind of a long day with 2 or 3 acres......

    man this really sucks, but family comes first so... it may be a long season for me after such a great year last year and all the positive response to this years advertising......
    :cry: :cry: :cry:

    thanks for letting me vent... small chance it wont come to this....
  2. TLS

    TLS LawnSite Fanatic
    Messages: 7,943

    Sounds like a bad situation to be in....

    Though, I think selling a money making piece of equipment isn't the best idea.
  3. cpritch

    cpritch LawnSite Member
    Messages: 77

    Dave - does the family member not have insurance, or the right kind of insurance?

    Anyway, I agree, I wouldn't sell your equipment. There are other ways to obtain the $$ needed. Have you talked to your bank about taking out a low interest note? You could use your equipment as collateral against the note if needed. I don't know all of the details of your situation, but is there any possibility of working out payment arrangements with the hospital/nursing home?

    Do you own your own home? If so, maybe a Home Equity Line of Credit would be possible?? If it were me, I think I would exhaust every possible avenue for obtaining the money before selling my equipment. Your equipment is what will keep you rolling even if you have to take on some of this debt. . .

    Good luck to you, I hope everything comes out okay, for both you and your family member. Hang in there!
  4. daveintoledo

    daveintoledo LawnSite Silver Member
    Messages: 2,587

    im waitng to hear from a bank now.... but my credit is permently screwed from a school loan..... i suppose i could sell the boat...i have a 24 ft bayliner trophy that is completly paid for..... but could take a while to sell... and the money is needed fast....

    maybe ill get some suprising news from the bank....
  5. daveintoledo

    daveintoledo LawnSite Silver Member
    Messages: 2,587

    my no account cousine, actually came up with the money... its his mom, my aunt, and my god mother...... no to little insurance, needs about 3 to 5 weeks in a nursing home....

    but all is good, the family all pitched in and came up wiht the money.....:cool2:
  6. grasswhacker

    grasswhacker LawnSite Gold Member
    Messages: 3,873

    Dave, sorry to hear about your aunt and glad you didn't have to sell your mower. 3-5 weeks in a nusing home can be quite expensive, too bad she can't have a temp. nurse take care of here at home.
  7. stuie

    stuie LawnSite Member
    Messages: 206

    Good news Dave.That would be a real setback to sell the Toro.Suprising how families pull together when its a crisis.
    Best wishes to your aunt on a speedy recovery.
  8. Pro-Scapes

    Pro-Scapes LawnSite Platinum Member
    Messages: 4,180

    Hope all goes well dave. Your in our thoughts and prayers and may she recover well.

    I do agree tho your mower brings in your bread and butter. Without it your like a musician with nothing to play. Sure your old lawn tractor may of gotten the job done but what happens if you get busier?

    One thing i have learned is it RARELY pays to sell tools or equipment.
  9. maintenanceguy

    maintenanceguy LawnSite Member
    from NJ
    Messages: 156

    Never sell your way of making money to get a little money.

    The worst that happens if there's no money to pay for medical care is there are bills left over at the end. No hospital is going to withhold care for non-payment.

    If the family had no money for care, (it happens all the time) they'll tap medicare, medicaid, charity care, or just bill the patient later realizing they may not get paid.

    No hospital will throw out anyone who needs care. Even if a stay in a nursing home is required, they'll find a way to do it. You'll be told that you have to come up with money, they'll want you to mortgage the patient's home and go through all sorts of other stuff to try to get payment (and they should). But bottom line is they won't withold care.
  10. QualityLawnCare4u

    QualityLawnCare4u LawnSite Gold Member
    Messages: 3,758

    Dave, I feel your pain as I am in sort of the same situation. However, you do what you have to do as family does come first.

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