Episode Transcript
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SPEAKER_01 (00:00):
What's going on,
everybody?
Welcome to another episode ofthe Rentish Podcast.
My name is Zach, and I'm herewith my co-host, Patrick.
What up?
We are your hosts for thisRentish Podcast, a podcast
that's kind of about rentalproperties and hosted by two
guys that work in the realestate industry and sort of know
(00:22):
what they're talking about.
But sort of don't.
Oh.
That's nice.
Switch it up.
Yeah.
We're starting to wind down thisseason of The Rentish.
We're going to go on a littlehiatus for a couple weeks.
Maybe time to retire thecatchphrase.
Get you a new catchphrase.
We...
Well, because we know a littlebit what we're talking about.
We do know a little bit.
So maybe you could say, we knowa little.
(00:43):
Or something like that.
For season two.
For season two.
Season two, bigger budget.
I heard the podcast is going tobe executive produced by A24 or
something like that.
Sort of, they don't.
Sort of, don't.
Sort of, don't.
Sort of, don't.
It was mostly we don't.
Mostly we don't.
As we've continued on with thepodcast, I feel like we know a
(01:05):
little bit more.
So we went from mostly to sortof.
Eventually we're going to haveto change the whole intro to be
like two guys that are freakingexperts and know everything
about real estate.
That they will come.
Well, mostly we don't.
Somewhat we don't.
What did you say?
Sort of.
Sort of we don't?
Yeah.
But I think you're going to havefun listening to us talk to
experts, learn along with us, orjust laugh along at how little
(01:26):
we know.
Follow us, subscribe on yourpodcast feed of choice.
You can go to Spotify, ApplePodcasts.
Rate us, review us, comment,give us a like, thumbs up,
whatever it is.
Tell us that you love the show.
Email questions attherentishpod.com and follow us
on social media at therentishpodon Instagram.
I know it would make ourproducer, Musee, very happy.
He loves those followers, thosesweet, sweet Insta followers.
(01:51):
I love it a lot.
That was the most enthused he'sever been on this show.
Where'd that volume come from?
Tell you what, if we get to 100followers on Instagram, we'll do
a solo Musée show.
It'll be 30 minutes of justMusée talking at the microphone.
No prompts, no questions, justhis inner monologue.
(02:12):
That sounds unhinged.
SPEAKER_00 (02:14):
We gotta get a
SPEAKER_01 (02:14):
lawyer
SPEAKER_00 (02:15):
because we're gonna
get so many people suing us.
SPEAKER_01 (02:19):
It's going to be a
good episode.
We've got a real estate reelwhere we talk about the history
of property or like a fun thingfrom movies or television.
And we're going to talk aboutJurassic Park.
I'm excited about that.
Tease that a little bit.
Real estate horror story.
We've got a real estate horrorstory that we're going to go
through today.
And then we also have listenerquestions.
So it's going to be nice andeasy breezy, lemon squeezy,
(02:42):
which means there's more time atthe very beginning for us to
kind of BS around.
Yeah.
How you doing?
I'm good.
How are you?
I'm good.
Is that it?
Yeah, let's get right into it.
All right.
Welcome to Real Estate Real,where we explore the most iconic
properties from movies and TV.
And we break down the real worldlocations, values, and design
(03:03):
inspirations behind them.
Today, we're stepping throughthe massive double doors of the
Jurassic Park Visitor Center.
Yeah.
Thank you.
That was good.
Yes.
A towering open area.
Wow, what a statement.
The most famous lobby incinematic.
(03:24):
Can you think of any more famouslobbies, Patrick?
That's probably the one.
It's like that one, and it'slike the lobby from Elf when he
gets kicked out of the EmpireState Building.
He was in the Empire StateBuilding?
Okay, so yeah.
Was Buddy the Elf.
Empire State Building.
(03:44):
It's been so long since I'veseen that movie.
Yeah, he goes to see his dad inthe Empire State Building.
And he gets thrown out.
With Peter Dinklage?
Is it that scene?
Well, it's one of those scenes.
Okay.
James Caan.
Yeah, I remember he's in it.
What, you're not an elf guy?
No.
It's fine.
All right.
We want that on the record thatPatrick said.
It's fine.
It's fine.
The beloved Christmas movie Elfis fine, apparently.
(04:07):
It's fine.
It's been a while since I'veseen it.
Maybe I should rewatch.
Maybe we'll do an episode aboutit this Christmas around the
holidays.
We'll do the Empire StateBuilding lobby.
The Empire State Building fromElf.
Well, today we're talking aboutdinos.
Dino DNA.
And we're going to talk aboutJurassic Park.
The Jurassic Park VisitorCenter.
You got a picture pulled upthere, Pat?
(04:28):
No.
Was I supposed to?
Yeah, I think so.
I can, yeah, I can get one.
It's got the big, I mean, let medo from my memory, okay?
Yeah, yeah.
Can you pull up the picture andI'm going to guess what it
looked like?
Okay, so there was, there's,like, the T-Rex statue, and then
there's, like, the banner thatsays, it's what says when
dinosaurs ruled the Earth, orsomething along those lines.
You nailed it.
It's got some plants up front,and then it's got, like, this
(04:48):
kind of, like, windingstaircase.
It's, like, kind of, like, ahalf circle going up from the
bottom right to the top left.
Wow.
Yeah, that's pretty much all Iremember.
Yeah, I mean, it's kind of gotthat, like, rounded kind of
ceiling.
I mean, like, this is probably,this is, like, the shot of them,
like, pulling up from theoutside or whatever, but, like,
when you get into the Inside,this is the shot that everyone
(05:09):
thinks of.
It's like the main T-Rex bonesin the middle of the visitor's
center.
I kinda crushed that.
Yeah, you did crush that.
Well done.
So, Jurassic Park.
Where does this land on thepantheon of movies for Patrick?
Okay, for me, this is a topthree Spielberg movie.
Really?
I love Jurassic Park.
I think it's amazing.
I think the storytelling isgreat.
(05:30):
I think the concept is great.
I think, for example, the T-Rexbridge scene is one of the most
intense scenes that I thinkthat's out there.
And it's just kind of got thatmovie magic.
On top of being super intense,it's also just like a dinosaur.
And it looks like a reallegitimate dinosaur.
Yeah.
Yeah, I think it's a terrific,terrific movie.
(05:52):
And it's actually one of likefour movies that my mom likes.
Really?
Okay.
Yeah, that and the Pirates ofthe Caribbean trilogy.
That's so random.
Every time I show her a movie,she's like, I mean, it was okay.
It's no At World's End.
Pirates of the Caribbean, AtWorld's End.
You know me, I like Pirates ofthe Caribbean.
I like Jurassic Park.
And those are the only twomovies she ever references.
(06:13):
Jeez.
Tough critic.
Yeah, right.
Tough critic, tough critic.
What are your thoughts onJurassic Park?
It's a good movie.
It's it's honestly it's one ofthose where it's like, you know,
I understand.
I really like the movie.
And every few years I'll go backand revisit it.
But it's like I'm always I'mlike this.
So this is the this is the moviethat.
everyone loves oh wow this isthe movie like this is the movie
(06:36):
that makes like the billiondollars in the box office and
everyone loves this franchiseI'm like it's it's good who said
anything about franchise wellI'm just saying like people love
the Jurassic Park IP so muchthat they keep going to the
theater and seeing these moviesit's like You know, I think this
movie's really fun, reallyentertaining.
I love Goldblum.
Love me some vintage Goldblum,too.
(06:58):
Samuel L.
Jackson's great in it, too.
Yep, Samuel L.''s great, and sois Wayne Knight.
Wayne Knight's good, yeah.
Friggin' Newman.
There's so many good little bitsof comedy.
Spare no expense, he's like theold dude.
Oh, yeah.
Yeah, I mean, like, I think thatone of the best strengths of the
movie is the set design andproduction design of, like, the
island.
(07:18):
And the lobby.
And the lobby.
So, like, to tie The movie isset in the fictional Isla
Nublar, which is near CostaRica.
The Visitor's Center was thegrand...
Yeah, the island is fictional.
Costa Rica is a real place.
Did you know that?
I thought it was created forJurassic Park this whole time.
The Visitor's Center was thegrand entrance to the dinosaur
(07:40):
theme park, a high-tech welcomecenter for VIPs and tourists.
So was this an actual buildingor just a set?
Where was it filmed?
Can you still visit it?
All of these questions and more.
will be answered right now.
In real life, the exterior wasfilmed at the Valley House
Plantation Estate in Kauai,Hawaii, which is a lush,
privately owned estate thatprovided the perfect, untouched
(08:02):
jungle backdrop.
Patrick.
Yeah.
I've been there.
Really?
Yeah.
Yeah, when I was in high school,a buddy of mine got accepted in
to University of Hawaii to gostudy IT.
And he wasn't super seriousabout actually going to the
University of Hawaii, but he waslike, we should go visit the
(08:24):
college so that we can take offschool and claim that it was a
college campus visit.
So that was how we got out of aweek of school and went on a
trip to Hawaii.
Me and a couple friends went toOahu and we got to tour the
campus of the University ofHawaii, but we also just got to
go do a bunch of fun tours Yeah.
(09:13):
the heavy tree and forest areasof the middle of the big island.
But it's cool.
I mean, they have like a giftshop and kind of like a ranch
where they have a bunch ofJurassic Park merchandise and
movie props and stuff.
Do they still have like the biggates and stuff?
No.
All that stuff was fabricatedfor the movie, unfortunately.
But yeah, it's a cool place.
I'd recommend it if you ever goto Hawaii.
(09:34):
It's just a very pretty place.
So the interior, while theexterior was filmed at the
Plantation Estate, the interiorwas shot on a soundstage in Los
Angeles.
Sorry to remove some of themystique from the...
the movie for you there but yeahit was fully built sets like the
rotunda staircase and the labcorridors man but it's a
(09:55):
beautiful set it is a greatsometimes I wonder like how much
money like a building a setwould cost that's a good
question it's just like whydon't you just find like a real
a real place you know and rentit out how much do you think the
production so production budgetson movies nowadays out of
control yeah right how much doyou think Jurassic Park cost to
(10:15):
make do you want to yeah do youwant to fact check us on this
one too producer me say?
Quit slacking and cleaning yourglasses and get on the internet.
I am going to guess 1993.
I might be low-balling it,though.
I'm going to guess$90,000.
$90,000?
It was an indie student film.
(10:37):
We sold a couple cars.
Hold on.
I don't want to see the numberyet.
You interject.
You'll get a mic for a reason.
$90 million.
I'm going to low-ball it evenmore and say I think it's like
62 million.
Okay.
What is it?
Musée?
63 million.
Oh! You looked that up ahead oftime.
I did not.
That is crazy.
(10:57):
Swear to God.
I'm just on another level rightnow.
You have no idea.
Wow.
Okay.
Isn't that crazy, though?
I mean, it's still a lot ofmoney, but when you compare it
to, like, you know, moviestoday, you know, like, for
example, Pirates of theCaribbean costing, like, you
know, four.
Like$200 million.
Yeah, at least.
But it's, like, I mean, like,adjusted for inflation.
I don't know what that's goingto be like.
Yeah, that's true.
Because, you know,$63 millionback in the 90s is certainly a
(11:20):
lot more than it today.
Right.
SPEAKER_00 (11:23):
For the box office,
they hit$1.058 billion.
SPEAKER_01 (11:27):
I knew it was in the
billion-dollar club.
I didn't know that.
But that's, like, accumulative.
They've re-released JurassicPark now.
every other weekend.
So it's like literally theyre-released that movie so much.
I wonder, you know.
But seriously,$63 million to puttogether this beautiful movie.
I mean, that's the one thing youcan't argue against is that like
(11:47):
the island is beautiful, thevisitor center is awesome and so
detailed.
That's an iconic shot inHollywood history.
All the dinosaur design andproduction as well.
I mean, it's cool.
It's a very stunning lookingmovie.
I'm looking here at one of thefun facts.
The set alone for the visitorcenter cost$1.5 million to
(12:07):
build.
Just the visitor center?
Yeah.
They definitely took a lot of...
and pride in building that set.
Yeah.
1.6, is that what you said?
1.5.
SPEAKER_00 (12:18):
1.5, so...
And also in today's dollars,that$63 million would be$140
million.
Okay, so that's more
SPEAKER_01 (12:26):
along...
More along the lines of currentmovie productions for
blockbusters, yeah.
But...
So theoretically,$1.5 million tobe able to make this set for the
visitor center.
Theoretically, someone today,some rich millionaire could
(12:48):
recreate the visitor center.
Minus the diners.
Minus the real life.
Yeah.
Minus all that.
And put it on Vrba or whateverand rent it out for someone to
stay.
So what do you think?
What would it cost to rent outthe visitor's center?
Well, I'm seeing here that likein the estimated cost– so it's
(13:08):
different because it's$1.5million, but that's a Hollywood
set.
Yeah, right.
So like the estimated cost ifthe thing was actually real.
Like actually like in Hawaiireal for a 25,000 to 30,000
square foot custom tropicalmodern architecture for like
what the visitor center waswould be 15 to$25 million.
So if like, if it was like anactual, okay.
(13:29):
So, I mean, with the, you know,museum grade exhibits and
animatronics and labs and techstuff, it's going to 40 to$60
million.
So if we're taking that intoaccount, are you asking like how
much it would actually be torent for a weekend?
Sure.
$25 million.
It's like, I'll pay for this incash.
Do you take check?
$25 million house.
Can I pay for this in PayPalpaid for?
(13:52):
Do you guys accept Klarna?
They're like the IOUs from Dumband Dumber.
All right.
Some other fun facts about thebuilding.
The original structure built forfilming was destroyed by
Hurricane Iniki just weeks aftershooting Wrapped in 1992.
I didn't know that.
So that's probably why theoriginal filming structure is
(14:15):
not in Oahu anymore.
That would make sense.
But you can still hike to thefilming site on Kauai where fans
leave makeshift tributes liketoy dinosaurs and mini signs.
Oh, that's fun.
Uh, the helipad and Jeep roadscenes are nearby and they still
regular are still regularly usedin Hollywood productions.
Okay.
So yeah, again, like thetropical set, you know, the
place itself quite cost quite abit to make, but for the movie,
(14:39):
you know, it's a really nicelydone set.
And then the interior just doneon the soundstage in LA.
Okay.
All right.
Any, any thoughts on the rent?
How much, how much we would payto have to rent this place for
the weekend for the weekend?
UNKNOWN (14:50):
Um,
SPEAKER_01 (14:51):
I'm going to guess.
Do we have an answer?
I don't have an answer.
I think we're just spitballinghere.
I would say, realistically, Ifeel like it would be, for the
weekend,$5,000 to$10,000.
You think a few thousand dollarsa night is the rough going of
it?
Yeah, yeah, yeah.
I would probably guess likearound five, five to ten.
(15:13):
Yeah, five to seven maybe.
All right.
What do you think?
I don't know.
I mean, I'm coming at this froma very specific angle, but I was
just on the phone with my rentalcompany for my wedding and for a
weekend for the place that I'mrenting.
Let's just say that I think I'dbe paying more for Isla Nublar.
Okay.
If that were the case.
Oh, okay.
So I'm actually going to go alittle bit higher.
(15:34):
I think it's probably...
For the novelty of it, I wouldsay like$5,000 to$6,000 a night.
A night.
Okay.
I think that's probably thegoing rate.
Gotcha.
So you're thinking more like$10,000 to$15,000.
So
SPEAKER_00 (15:43):
according to
ChatGPT.
The most trusted source on theinternet.
ChatGPT.
Because there's not really a–you can't really like rent it
out.
But it said that it could be$10,000 to$25,000 per day.
Per day.
Holy
SPEAKER_01 (16:00):
moly.
Okay.
Scratch that.
We were just trying to, we werelooking at that very
optimistically.
Yeah, right.
All right, so the visitor centeris imagined as a sprawling
two-story structure with centralrotunda, symmetrical staircases,
and a high thatch-style domeceiling supported by massive
pillars.
This is just a sentencesummarized way of your beautiful
(16:21):
description from earlier,Patrick.
Some of the imagined featuresinclude the central atrium with
fossil displays, educationaltheater, hashtag dino DNA, which
we got right there, therestaurant gift shop, viewing
labs and security control rooms,and the back of house research
and medical areas.
Want to give a special shout outto Universal Studios Orlando
(16:41):
because you can go on theJurassic Park roller coaster
there.
the Raptor rollercoaster.
I think it's...
There's a couple.
There's the water ride with theanimatronics.
The rollercoaster one is the onethat I recently went on when I
went there.
And when you exit, you know howyou exit through the gift shop
and a lot of those kind ofplaces?
The exit you go through is thisgiant food court, but it's a
(17:03):
circular building and it'sthemed after Jurassic Park, so
all the tables have the...
The whole building place kind oflooks like you're in the
Jurassic Park visitor's centerarea, where it's got There's
like labs, windows that lookinto fake labs and like gift
shops and stuff like that.
So pretty cool.
But yeah, the fossil displaysincluding the T-Rex and
(17:24):
Alamosaurus.
I looked that up.
That's the long neck.
Oh, really?
Which I've heard it as abrachiosaurus or brontosaurus,
but that's like the same thing,basically.
I don't know.
Well, all the fossil displayswere built from fiberglass and
foam.
So just some intense setdecoration right there.
I mean, like the attention todetail to sculpt that stuff out
(17:46):
of fiberglass.
Pretty nuts.
And the rotunda design wasloosely inspired by the Natural
History Museum and resortlobbies, especially those in
tropical climates.
Spielberg wanted thearchitecture to feel both
awe-inspiring and ominous, whichis a symbol of the man's hubris.
Or a symbol of man's hubris, notthe man.
Sorry, Spielberg, didn't want tocall you out there.
(18:06):
Yeah, all right, so cost tobuild we got here on the
document.
Look at this, 25,000 to 30,000square foot of custom tropical
modern architecture, roughly 15million to 25 million.
Adding museum-grade exhibits,animatronics, labs, and tech
features is probably closer to40 to 60 million dollars.
And then we got budget and stufflike that.
I covered that.
Here's the last question I wantto end on.
(18:27):
Would you visit Jurassic Park ifit were real?
That is a great question.
That is an amazing question.
Oh, man.
Because from every singleJurassic Park movie that exists,
they're wanting me to say no.
You're going to have a bad time.
They're wanting me to say I'mgoing to get eaten.
With that said, I probablywould.
You would go?
Yes.
(18:49):
Would you?
Fuck.
I almost cursed.
No.
Absolutely not.
Dinosaurs are sharks with legs,and sharks are terrifying.
I don't want to be in open airand have the fear that a
pterodactyl is going to comedown and just pick me up and eat
(19:10):
me or drop me on something.
They should just do the nicedinosaurs, like the veggie
eaters.
Are the longnecks or veggies?
Yeah, the triceratops.
I think maybe even stegosaurus,you know?
But imagine, it's like one wrongrock, homeboy trips, curse flat.
And then it's like he justflattened an entire tourist
(19:31):
group into pancakes.
Yeah, they're in cages.
I'm not going on a safari withdinosaurs.
I'm talking about...
Well, they drive around in theJeeps and they got the diamonds
out.
That's a good point.
They're just out there chilling.
That's a good point.
It's like they didn't startputting them into cages until
Jurassic World.
So on the one hand, like, yeah,danger.
On the other hand, dinos.
(19:51):
Yeah.
I don't know.
I just, I'm more scared of that.
I'll let you, I'll just likeobserve.
I'll be like, that's cool.
Glad it exists.
If one dinosaur sets foot offthat island and starts making
its way to the continentalUnited States, nuclear bomb.
Whoa.
You're not messing around.
Nope.
We don't need– so we don't need–you know how the Lazarus lizards
(20:14):
are a thing in Cincinnati?
Yeah.
Oh, yeah.
Some rich kid brings lizardsthat are not native to
Cincinnati, lets them loose, andthen they start breeding and
multiplying, and now Cincinnatihas the lizards for whatever
reason, which are totallyrandom.
That would be what happens.
Someone carries a dino egg home,and then all of a sudden we've
got T-Rexes walking around thestreets of Cincinnati, and I'm
(20:38):
not down with that.
Yeah, I'm not either, but thatwasn't the question.
Okay.
Yeah, I still wouldn't go.
Okay.
Wouldn't go.
To finalize the draft.
(21:16):
So let's get into the realestate horror story.
Patrick, I think it's your turn.
Okay.
Story from Reddit.
Username is BillionaireStatus17.
I'm reading the story now.
You read the story.
This is the story.
Give us some enthusiasm, too.
Give me animated Patrick.
I'm driving my investor clientsto show a rough...
(21:39):
Why do they spell rough likethat?
R-U-F-F?
He couldn't even read a fullsentence.
I'm driving my investor clientsto show a rough property in your
(22:02):
typical rough area.
We were down the street from aproperty and pulled up to a hit
and run, seemed like the car wasalso stolen.
An officer was running down thestreet with a gun in his hand,
trying to find the guy, but wecouldn't see anyone in sight.
We cautiously drove past theofficer and continued down the
road to show the property.
As we continued down the street,we noticed a guy bolting through
(22:24):
people's yards away from wherethe scene was, pretty far from
where we saw the cop.
My client suggested to slow downso we can get a clear
description of him and wanted meto follow him.
I slowed down but didn't followfor our safety.
We turned the corner to wherethe property was and started to
dial 911.
As I turned into the drivewayand parked, I see the guy run
across the street and comingtowards us.
(22:45):
I quickly reversed out and droveaway.
We quickly drove back to thescene where the cop was.
We waved him down, quicklyexplained what we were...
doing and where we saw him.
He got into his car and we spedup where we saw him last.
He wasn't there and wasn't insight, so the cop continued down
the street to try and find him.
We were left by the property andI was supposed to show.
(23:05):
I looked at my clients andknowing that people were already
breaking into the property, weall agreed to pass.
Yeah, quite a story.
I mean, would you considerbuying a property in an area
like that if the price and thecash flow were great?
No, I personally wouldn't.
You know, that's just kind ofyou're going to show a property.
(23:26):
And in that moment, there's abreak in happening.
I'm not I don't think it's worththe risk.
I mean, the interesting thingis, it's like they're driving
the clients to go see the place.
They obviously have people thatwere interested in the property.
But so it's like I'm imaginingit's like just a normal.
I mean, it says rough part oftown, rough property in a
typical rough area.
(23:46):
But you still had interestedclients.
It's like.
Yeah, I mean, I guess, you know.
I don't know.
It's like, I guess there's ahouse for everybody.
There's somebody, there's somepeople who might not care about
stuff like that.
Yeah.
You know.
What do you think about theterm?
So this is a real estate term.
I would love to talk to likesome of our pro experts that
come on the show regularly aboutthis.
One phrase I've been hearing alot recently in the real estate
(24:07):
world is when you're looking tobuy a property or buy a house or
whatever, you should buy thebest house on the worst street.
Really?
Yeah.
What do you think about thatphrase?
Best house.
You should buy the best house onthe worst street.
Implying that it's like propertyprices consistently rise, places
change and grow over time.
(24:27):
Uh, so it's like, theoretically,if you would buy the best house
on the worst street, your pricecould inflate and you could get
a better investment over timebecause you're, you're paying
low at the very beginning to buya house on a street that people
don't really want to live at.
But in 10, 15, 20 years, if youhold onto that investment, it
ends up being more lucrative.
That actually as a long-terminvestment, that makes a lot of
(24:48):
sense.
Now as a renter, I would rather,I would rather live in a, in a
not amazing property in a nicearea.
That's me personally.
I completely see the point ofthe long-term investment there.
He does talk about my investorclients.
Do we think that these clientswere here to buy the property to
live in it or just to buy it asan investment?
(25:09):
Investor clients makes me thinkas buyers because I think he
would have just said applicantsor potential renters.
Investment clients makes itpretty clear.
Maybe they should have been alittle bit more informed about
the area that this could be apossibility Yeah.
Or maybe they see all thishappen and they're like, gold
mine.
We can get this so cheap andit'll be worth so much.
(25:32):
That's the other thing is Ithink that there is a market for
buying houses in not so greatareas because it's like you hope
that the value increases overtime.
Yeah.
Neighborhoods change.
I mean, we see that every day inCincinnati.
It's like a rapidly changingplace.
But I don't know.
What about you, Mr.
Property Owner, MousseyProducer?
Would you buy a rough house or agood house on a rough street?
SPEAKER_00 (25:55):
Well, I feel like
rough is not– it's subjective.
That's also very true.
Yes.
I feel like a lot of like mayberich, wealthy people might– come
to the neighborhood I live inand think, oh my gosh, it's
rough.
But rough is different for me.
If I saw that, and then I wouldask more questions like, does
this happen usually?
(26:16):
Is the crime around here just, Idon't know, random car
break-ins?
Or is it violent?
All those questions.
I feel like the neighborhood Ilive in, I don't think people
would I wouldn't say they don'twant to live there, but they
would be like, oh, that seemsrough, but it's not really
(26:38):
rough.
SPEAKER_01 (26:38):
Yeah.
That's a great point because Ilive in the north side
neighborhood of Cincinnati,which is generally a nice place
to live in the city.
I think it's well regarded by alot of people in Cincinnati, but
literally two blocks away fromwhere my house is, someone's
Honda got straight jacked in themiddle of the night.
They broke in and hotwired itand stole the car.
(27:01):
And I saw a drug deal the otherday straight up two cars stopped
right at each other handedsomething out the window the
thing and then just kept ongoing right right near where i
live so it's like Yeah, like yousaid, it's totally subjective.
Even saying all that, I wouldbuy a house on my street like
that in no time flat if I couldafford it.
(27:22):
But it's like a rich, wealthy,well-to-do person or
hoity-toity, whatever it is.
I'm just gonna keep insultingpeople.
No, no, no, we value youclients, rich clients.
Come listen to our podcast.
If they saw that stuff go downin my neighborhood, even though
the houses are nice and myneighbors are nice and it's a
great neighborhood with a lot ofreal great stuff to do they
(27:43):
might turn that away becausethey'll be like oh I saw a drug
deal that place is rough I don'twant to get involved in that so
yeah it is totally subjectivethat's a good point I remember
going on a spring break trip incollege with one of my friends.
We met one of our friends inanother friend group in
Charleston.
We were in Charleston.
I remember the Airbnb we werestaying at.
I thought it was nice.
(28:04):
I thought it was a cool area.
Some of the people in the groupwere freaking out.
We're in a horrible part oftown.
Who chose this Airbnb?
My friend was like, what arethey talking about?
This looks like the street Igrew up on.
It was just kind of crazy to methat some people were just In
Charleston, too.
Exactly.
I've been to Charleston manytimes.
(28:25):
It's a nice place.
I was so confused by it.
They're like, lock all thewindows, close the blinds, lock
the doors.
And I'm just like, what?
I was so unbelievably confused.
What would you want to knowabout a neighborhood before even
visiting a property?
So let's put you in the shoes ofthese investors.
Maybe you're not necessarilybuying an investment property.
(28:45):
You could be buying a propertyfor yourself to live in.
What are the key attributes of aneighborhood to especially in
terms of like, do you look atthe crime rate?
Do you look at that kind ofstuff when you're looking for a
property?
I mean, I don't, like, so I livein Over the Rhine, right?
And it's just like, it'sdefinitely...
has more crime than some otherlike neighborhoods in
(29:06):
Cincinnati.
Yeah.
I don't feel unsafe here.
Like, I feel like it would, forme, it would take like a really,
really like rough neighborhoodwhere I would like, like walking
on the street, like in, in broaddaylight and being
uncomfortable, which I feel likeis not, it's kind of tough for
me to like, like, I feel likecrime is, isn't necessarily
something that I've thoughtabout when looking at places.
(29:26):
What I'm looking at more of is,like, is there stuff to do?
And, you know, is there, like,restaurants?
Is there bars?
Is there, like, a park?
And I feel like the things inthe areas is more what draws me
in.
But, yeah, I can't say that,like, unless there's, like,
violent crime happening all thetime, like, yeah, I'm not going
to want to live there.
I feel like, I don't know, Igenerally wouldn't look at that
(29:48):
kind of neighborhood anyways,maybe.
Yeah, I wouldn't really look atthat data either, but I also
kind of like know the area.
I know that I'm very familiarwith the, like the neighborhoods
of, of my city of Cincinnati,but it's like, if I was going to
buy a property, like, let's justsay I got like a job offer in
California and I was going tomove to the other side of the
country.
I would probably want to do alittle bit of research like that
(30:09):
to get some statisticinformation about those
neighborhoods.
Um, but I'd be going in blind,but it's like, if I'm buying a
house in, in my, in my hometownwhere I plan on buying a house,
it's like, I kind of know thegeneral vibe of the different
neighborhoods.
I don't know before you buy ahouse.
But your place, let me say, didyou do any kind of research on
crime rate or the neighborhoodstatistics, anything like that?
SPEAKER_00 (30:31):
Yeah, I'm similar to
you.
I know a lot of theneighborhoods in Cincinnati.
The biggest thing, though, is Ialways wanted to be able to walk
because I walk.
So if I can walk in theneighborhood at peace, then I
feel like it's safe enough.
I get that there's stuff thathappens at night every now and
then, maybe a car break-in or aSWAT team called but outside of
(30:56):
that i think if i can walk inthe neighborhood and then i know
some people really take theschool district thing a big deal
so they look into if this islike a good school district yeah
and then they base that off ofto like how safe it is like and
uh but i think definitely lookup the crime in the area like
there's like scales online thatshow you like this ranks this in
(31:19):
the city or blah, blah, blah.
But sometimes it doesn't give anaccurate display of the area.
So it's kind of like both likeyou got to test it out.
Always like walk around in theneighborhood, I feel like.
I feel like a vibe check,
SPEAKER_01 (31:31):
honestly, is one of
the best, you know, rather than
looking at online data.
Just go into the neighborhood,walk around.
Are you comfortable?
That's a very official realestate term.
A vibe check.
And the real estate terminologythat's up there with like arm
and one of the lines that mademe laugh it was as we continue
down the street we noticed theguy bolting through people's
(31:52):
yards so he's like he's likebroke down criminal like Ferris
Bueller like running throughjumping on a trampoline over the
it's like going through like theback of the yeah so that made me
laugh quite a bit but okay wellthank you story from reddit and
thank you for digging deep intothe bowels of the social medias.
(32:16):
Hold on.
I just want to read the lastquestion on here.
I don't know if you came up withthis one.
Should real estate agents orinvestors carry some kind of
protection?
I think every real estate agentshould carry a pair of nunchucks
just in case.
SPEAKER_00 (32:32):
I don't think so.
SPEAKER_01 (32:34):
I guess I've never
really thought about that.
Is it a common practice for realestate agents to have a
concealed carry?
No, I don't think
SPEAKER_00 (32:40):
so.
My realtor actually is funnybecause I would ask him about
the neighborhoods and stuff.
There was like times we wouldknock on doors and I hear a dog,
right?
And it's like raging.
The dog is raging.
And I'm thinking, oh, like...
The person in the home will takethe dog out if they're showing
(33:01):
us the property.
Half the time they didn't.
And so one time he opened thedoor and I was like, you sure?
It sounds like the dog is likeright there.
And he was like, no, it's fine.
He opened the door and the dogcame at him and he closed the
door so fast.
That was just like a funny.
So then I asked him, does thishappen often?
He was like, no, this is myfirst time.
And then the next three homes wesaw, dogs.
SPEAKER_01 (33:21):
First time, sure.
So then maybe not a concealedcarry, but maybe some treats.
Like a milk bone or somethinglike that in your pocket.
A dog toy.
Come on, everybody.
Come on.
Sit.
Stay.
Stay.
It's got me saved by the leg.
It's dragging me around.
SPEAKER_00 (33:41):
All right.
For this segment, we only haveone listener question in.
Oh, wait.
SPEAKER_01 (33:47):
That's it?
He just transitioned us rightaway.
Yeah.
SPEAKER_00 (33:50):
Send more questions.
Yeah,
SPEAKER_01 (33:53):
email questions at
therentishpod.com.
Listener questions, mailbag.
All right, Moussey's leading thetopic now.
SPEAKER_00 (34:00):
Hey, yeah.
Brandon from Pittsburgh.
When is it actually worth hiringa property manager?
I've been managing on my own,but I'm starting to burn out.
So when is the right time orYeah.
When is the right time to hire?
When is it actually worth hiringa property manager?
Worth hiring?
SPEAKER_01 (34:18):
I mean, I feel like
it's going to be a different
answer for everybody, you know?
Yeah.
If you can manage yourself, Imean, that's a huge, you'll save
a lot of money, right?
And you can do that on thesoftware, you know?
Like Inago.
Like Inago, for example, yes.
For example.
You know, make things easier foryou.
Yeah, it is going to differbased on the person.
I would say you know yourlimits.
(34:39):
I mean, just like it is withanything else.
Like, when you need to reach outfor help, whether it's like with
work or with personal tasks or,you know, home repairs or work
life stuff, anything like if youget to a point where it's like
becoming overwhelming or aburden, like at some point you
need to reach out for help.
And in the real estate world,reaching out for help can be
hiring a property manager.
(35:00):
And I think that another bigthing is like you have to look
at the financial ramificationsof that as well.
Like you should probablyshouldn't hire a property
manager if you have one unit.
Right.
Right.
Because it's like even if you'retoo busy to deal with that, the
money that you're about to losefor paying that property manager
for that single unit is probablynot worth, not worth a dollar.
Like you, you've got to actuallymake sure that you, your money
(35:20):
is going to a good place and islike not just being thrown at
someone to help fix your problemfor you.
Like if you can handle ityourself or reach out to other
people for help, like, so Idon't know, that would be my
answer.
I mean, would you, you're, Imean, I keep asking the
property, the actual propertyowner in the room, but it's
like, have there been momentswhere you're like, I wish I had
a property manager right now?
SPEAKER_00 (35:40):
When the unit is
vacant, yes.
I'm like, oh man, I wishsomebody could just find these
people.
But if you're doing a, like ifyou have a nine to five and then
you have maybe 10, 15 units, Ifeel like a property manager
would be good because they couldbe on it.
I'll find you tenants.
SPEAKER_01 (36:01):
For a fee.
For a nominal fee.
I'll help you out.
We're going to do this together.
I'm going to get you sometenants.
Okay.
SPEAKER_00 (36:07):
Yeah.
I'll give you$10.
SPEAKER_01 (36:08):
$10 a tenant?
I'm kidding.
I'm kidding.
$10 a tenant.
Do I do that?
SPEAKER_00 (36:15):
Yeah.
No, that's really low.
SPEAKER_01 (36:17):
I'm scamming you,
man, at that point.
He wants to help out a friend.
That's a movie ticket.
I could see Superman more.
All right.
Thank you guys for listening tothis episode of The Rentish Pod.
We appreciate each and every oneof you for hanging out with us
on this fun little briskafternoon show that we did here.
Nice and easy.
Had a lot of fun.
Did you have a good time?
(36:38):
I had so much fun.
That's good.
That's good.
Well, if you are having fun outthere, you can follow us on
Spotify and Apple Podcasts andany place you get your podcasts.
Just give us a like.
Give us a subscribe.
Hit the notification bell sothat you can be notified when
new episodes drop.
Email questions attherentishpod.com and follow us
on social media at The RentishPod.
(36:59):
And thank you guys so much forlistening.
I've been Zach.
That's been Patrick.
And we'll see you guys nexttime.