MikeD. I have fixed my neighbors washer and dryer a while back. Since she knows I repair them she has given my number to a property manager that she works with. He called me up and I went to one of his rentals and repaired a dryer. He paid for all the new replacement parts and paid me $50. I am sure he will call me again if he has other washers and dryers that need repair.
scrapdaddyj. I don't take any shortcuts when I repair and resell appliances. I don't want to burn anybodies house down because of a dryer I sold. Once I troubleshoot the unit and find the problem, I buy new replacement parts. The circuit board I mentioned in my op was a simple electronic repair that is better now than when it was originally manufactured. I have many years experience as an electronic technician. I won't sell anything that I wouldn't use in my own house. A year or two ago, I received a call from a repeat scrap pickup customer. He had a dryer that was bad. I almost blew him off as it was a late Friday evening when he called and my family and I were going out of town early the next day. He described the dryer and gave me the brand name. Once I heard the name I ran over to his place and picked it up. When we returned back to town, I opened the electrical panel to hook up a cord and start troubleshooting the dryer. One of the hot wires was badly burned and the terminal block was melted. I noticed the nut on the burned terminal was loose. I instantly knew what had happened. The loose wire on that terminal had been arcing and sparking and eventually created enough heat to burn things up. I replaced the terminal block with one I had salvaged and cut out the burnt wire and re-terminated it to the block. I connected the electrical cord and the dryer started right up. The dryer is a Maytag Neptune with all digital controls, was very clean and was in nice condition. It has been drying my clothes for over a year since I picked it up and repaired it. Fire scares people. The burnt up wire and melted terminal block did not bother me. I understood what had happened and I knew could safely repair it. I of course made sure that I tightened and secured the nuts on the terminal block. It would be bad enough if someone burned down their house, but it would really suck if I burned down my own house.
The only thing I don't like is when people sell good used working dryers for a cheap price. For instance, there is a good GE dryer about 5-7 years old on CL in my area right now. It is nothing special, just a good used dryer. It is listed for $75. For one, the guy could easily get $100 or more. For me, he is giving people the expectation that all used dryers should be $75. I understand this guy probably just wants to get rid of the dryer quick as he just bought a new one. I want to turn my units around quick but I can hold on to them until I get a good price for them. If he had listed it for $40 or 50, I may even buy it and flip it. Right now I have some dryers so I will not bother and wait for someone to buy the dryer I currently have listed.
As most of you guys know and what I have learned in the last couple years, there is good money to be made reselling items for more than scrap price. I wish I would have learned this years ago. Oh well, I enjoy what I am doing now and I am making a decent chunk of change while doing it. Cheers!!
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