Asset Management & Recovery: More Cost Cutting Thoughts

Gryphon USA, Ltd services clients through Gryphon Asset Management, Gryphon Realty Advisors and Gryphon Auction Group. Gryphon Asset Management manages operating entities and undertakes liquidation management in numerous business lines. Gryphon Realty Advisors is comprised of three divisions all working together; Residential, Commercial and Management. Projects range from single family investments and owner occupant reresentation to apartments and commercial complex disposition. Gryphon Auction Group assists clients with the sale of real property as well as commercial equipment.

More Cost Cutting Thoughts

I was thinking about increased costs this morning and was planning to write about it, but was beaten to the punch by Sean Allen & Pilar Lorenzo and their cost cutting ideas blog.  Here are some of mine.

Gas costs are a big part of the expense structure in any home or office and I see many families, including mine, wanting top quality meals at home.

In an effort to save on both, here are a couple of additional ideas you can put into use.

  1. Use Fireplaces - Everyone has at least one friend with an old tree in the yard.  If you are in the property management business you may even come across them yourself.  This past summer I cut down a dozen trees in my yards and in those I managed.  There is a whole winter of wood stacked in the yard now.  We crank up the furnace in the morning when we get up for about an hour, but a fire in the fireplace all evening keeps the house warm through the night.
  2. Fuel Perks - There are different programs, but in Columbus Ohio the best places I have found are Giant Eagle with Costco in second place.  Giant Eagle is giving 20 cents off of gas at their gas stations for every $50 you spend in the store.  This is up from 10 cents from a couple of months ago.   Costco is about 5 cents a gallon cheaper than all of the other stations in town.  TRICK - Giant Eagle will let you buy up to 30 gallons per fill up on the discount, but you can only fill 1 car.  They will let you fill as many gas cans as you want though.
  3. Shopping Days - Again at Giant Eagle, meat goes on Managers Special on Wednesday and Thursday.  Many times it will be 50-60% off.  I have a veal recipe from my personal cookbook that is wonderful and will post it later.
  4. Home Garden - I know that this might not be very helpful now, but a little garden in the yard will produce more tomatoes and green peppers than you can handle.  I think we spent about $6 on plants this year and grew enough to have fresh tomatoes in a salad or other dish every day.
  5. Moonshine - I'm just kidding.
Anyway, just some other thoughts.

 

Do you have questions about distressed assets, receivership or bankruptcy sales, auctions?  Email me at rfk@gryphonusa.com and I'll try to answer it in an upcoming post.

Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com).  The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Gryphon Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast. 

United Country Gryphon Realty & Auction Career Opportunities Available.  Call 614-885-0020 x 17

10 commentsRich Kruse • November 11 2007 01:54PM

Comments

I see your blog pop up and I say, "What now".  You've usually got a whopper to share.  This time I guess it was just moonshine. 
Posted by Chris Elizabeth Griffith ~ Bonita Springs Fl Real Estate (Downing-Frye Realty, Bonita Springs, FL) over 2 years ago
Still some good ideas although here in Central Florida there are not that many fireplaces. However, I always look for savings!
Posted by Gary L Waters PLLC-Realtor Viera Suntree Melbourne Rockledge Brevard County FL (Century 21 Baytree Realty, 1211 Admiralty Blvd, Rockledge) over 2 years ago

Hey Rich,

Good addition to cost savings ideas.....I kinda like the moonshine part. I guess I didn't think of it since I don't drink. Great Post.

Sean Allen

Posted by International Financing Solutions over 2 years ago

Chris - Sometimes my normal alter ego posts something.  Sorry to disappoint you.

Gary - You guys might still be able to grow a garden down there though.

Sean - I liked yours too.  I don't know how to make 'shine though.  Always willing to learn though.

Posted by Rich Kruse (Gryphon USA, Ltd.) over 2 years ago

If you use a fireplace I would recommend getting glass doors for the front, if you don't they can lose any heat you have made.

We have Oil heat and we keep the thermostat on 65 when home and 60 when not and keep it at 60 when we go to bed. We have a fairly new furnace and newer thermopane windows and that has helped a bunch.

Monika's folks have a huge garden and we are still eating tomatoes and swiss chard and a ton of peppers which I don't care for. They are too hot. We also have a large jar of honey left over from the Bees he raises too. Yummy.

Posted by Jay McGillicuddy~Real Estate Broker (Prudential Verani Realty) over 2 years ago
Good thought Jay.  I have the glass doors and they are closed at night so the hot air doesn't get out.
Posted by Rich Kruse (Gryphon USA, Ltd.) over 2 years ago
I think I can help with the moonshine. I have some serious rednecks in the family tree, who actually used to run moonshine. Can you believe it! I couldn't when I found out. So let me know if you need me to hook you up =)
Posted by Lisa Hill (Daytona Beach Real Estate) (Florida Property Experts) over 2 years ago
I have every window in the house open right now because my husband sealed our travertine floors late this afternoon with some raspy smelling sealer.  We have a diesel furnace that has been running for about 5 hours straight because it's cold.  All I can think of is the high price of diesel.  Wish we had a wood burning fireplace, but it's gas too.
Posted by Fran Gatti - Realtor®, CDPE®, RDCPro®, Crescent City CA Real Estate (RE/MAX Coastal Redwoods) over 2 years ago

I love those gas points! (Giant Eagle)

Remember, before you go Christmas shopping, figure out where you are going to shop!  Buy a gift card for that store, and you get gas points for those, too.

I have saved $312 on gas so far this year!

Posted by Prudential Preferred Realty Butler PA (Prudential Preferred Realty) over 2 years ago
Jayne - Do the math on those gift cards.  Sometimes there is an upcharge to them that negates the discounts.  Last time I check, I was over $450 in gas savings.  It adds up.
Posted by Rich Kruse (Gryphon USA, Ltd.) over 2 years ago

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