Bradley - ''Smartest'' Landlord

Posted in: Circle C
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  • imacsal
  • Respected Neighbor
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May 29, 2003

After I paid a visit to 5919 La Crosse Ave. of the Circle C Grill/Cafe & Catering, Full Circle Management, LLC and Circle C Landscape, I realized that Gary Bradley does not own any of the above three companies. Gary Bradley is actually a landlord collecting rent from these companies.

Even though we are the real official owners of the whole building, we received no rental income at all but instead of paying all kind of expenses, such as utility bills, property taxes, capital improvement expenses, furniture and equipment, lifeguard wages, swimming pool management, swimming pool maintenance & Repairs..........etc.

As we, the homeowners and suckers, picked up all the expenses but received no rental income, Gary Bradley's Gross Rental Income is equal to his bottom line - Net Profit. Therefore, Gary Bradley is the ''smartest'' and also luckiest landlord on the face of the earth!

Do you still remember that Ken Rigsbee called us a bunch of idiots?
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  • imacsal
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Working elsewhere now

May 29, 2003
You might think you've seen some strange accounting issues, take a look at my old employers books. The Circle C Child Development Center is a non-profit, but the books and a smart eye could tell a very different story. Mold problems have been ignored, employee turnover from poor pay and regular increases in tuition just don't add up. Susan Hoover is the only Board member of the CDC.
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  • imacsal
  • Respected Neighbor
  • USA
  • 590 Posts
  • Respect-O-Meter: Respected Neighbor
Question

May 30, 2003
Lisa -

Pardon my ignorance, but I am fairly new to the site and don't have the time to review all of the posts. How do we know that the La Crosse facility belongs to the CCHOA? If the developer originally built the building, doesn't that mean that he still owns it?
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