April 21, 2025 ⢠42 mins
In episode eight of The Rent-ish Pod, Zach dives into a high-stakes housing dilemma: what do flood-soaked homeowners do when they have to choose between raising their home or razing it? It's a splash of real estate news you wonât want to miss.
Then, it's game time! Real estate investor and expert Mary Ragano returns to test Zach and Patâs knowledge in a riddle-filled round of Real Estate Term Guessingâexpect laughs, head-scratchers, and maybe even a few new vocabulary words.
And finally, we close things out with a jaw-dropping Tenant Horror Story. This oneâs about a smooth-talking scammer weâre calling âThe Prosperous Conmanâ.
đď¸ From high water marks to high-stakes scams, this episode has it all!
đ§ Tune in now for wild stories, helpful terms, and the type of rental drama you just canât make up.
đŠ Got a horror story or real estate question? Email us at questions@therentishpod.comâwe might feature it in a future episode!
Check Innago at https://innago.com/podcast/ to learn more.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
SPEAKER_03 (00:00):
What's going on everybody?
I'm Zach and I'm here with myco-host Patrick.
Hi.
Oh, shit.
Shake it off the rest, baby.
Shake it off the rest.
Oh,
SPEAKER_02 (00:16):
shit.
SPEAKER_03 (00:18):
All right, let's try that again.
Sorry, I'm ready.
What's going on, everybody?
I'm Zach, and I'm here with myco-host, Patrick.
What up?
We are your hosts for theRent-ish podcast, a podcast
that's kind of about rentalproperties and hosted by two
guys that work in the realestate industry and sort of know
what they're talking about.
But mostly different.
That's right, Patrick.
(00:39):
You nailed your catchphrase,which is why you're going to
have fun hearing us talk toexperts, learning with us, or
just laughing about how littlewe know about this whole thing.
Correct.
You're nailing it.
I just want to say I appreciateyou as a co-host.
Thank you.
Doing all the great things,saying all the lines.
(01:00):
We got a good episode, Patrick.
I'm excited.
We're going to talk about somereal estate news, including
flooding, what to do about thatsituation.
And then we're going to talkabout a tenant horror story.
So looking forward to seeing ifyou have any more narration for
me down the pipeline.
And then we're going to playsome more real estate games with
our real estate expert, MaryRegano.
(01:21):
She's going to be back on thepodcast.
I love games.
Again, Rent-ish.
Thank you guys for listening tothe podcast.
We appreciate everyone forhanging out and listening with
us.
Email questions attherentishpod.com.
If you'd like to ask me andPatrick a fun, fun question
about real estate or about notreal estate, because We also
like talking about anythingelse.
(01:42):
Patrick, it's been a minute.
Yeah, it's definitely been aminute.
Not to break the fourth wall toomuch, but we took a little bit
of a break during some busiertimes of the month.
And now we're back so that we'rerecording for the first time in
a little bit.
I feel like we got to shake offthe rustle a little bit.
I have nailed the catchphrases,though, so no concerns there.
(02:02):
I noticed you wrote them down onyour hand.
Yeah, you're like, what?
Oh, shit.
Can't spill my secrets.
Well, all right.
What do you say we start divinginto some of the real estate
stuff for today?
I say to that Yes.
Yes.
Okay, good.
I'm glad I have your approval.
(02:23):
Um, uh, we're still working on asegment title, so please feel
free to email questions.
Do we not have one for the Zachwith the facts?
That was, that was our producer.
We can, we can roll with thatfor now.
Zach with the facts.
Uh, yeah.
If you have a better idea forthe love of God, email us, uh,
(02:44):
flood soaked homeowners face acostly choice, uh, raise or
raise.
Now that's, a double entendre Idon't understand it's spelled
differently you see how is theother one spelled so raise
R-A-I-S-E like raise raiseR-A-Z-E R-A-Z-E yeah I've never
heard that word in my life whatdoes that well it's like you
(03:05):
would raise something so I thinkit means like oh with fire or
like burn like a razor like surelike that you use for your beard
I would yeah right sure if thathelps it's like the verb version
of that To raise.
I don't think.
To raise.
Get Webster up in here.
Where is it?
To destroy to the ground.
(03:25):
I don't know if that's.
Yeah, burn to the ground.
Like you would raise a crop.
That's what I've heard.
Or like you'd raise the hair onyour chin to the ground.
Oh, so you're saying thatetymology here.
I'm saying.
Maybe that word morphed intorazor when Gillette got on
board.
I mean, I'm mostly saying thatbecause I've never seen the word
raise, but I have seen the wordrazor.
UNKNOWN (03:45):
Okay.
SPEAKER_03 (03:45):
So I could be wrong.
Well, this has been thedictionary pod.
No, no, no.
We're here to talk about thenews.
We're here to talk aboutflooding and a recent New York
Times article calledFlood-Soaked Homeowners Face a
Costly Choice.
Patrick, did you read thearticle?
I did not.
Unfortunately, I kind of forgotabout the article this time.
Next time I will, though.
(04:05):
It's okay because it looks likeit wants you to log into the New
York Times, which I'm not goingto do because I don't pay for
the New York Times.
But the article's here and ourproducers have done a great job
of bulleting it down for us tokind of discuss.
So, flooding There's your raiseand raise, right?
(04:30):
Raised.
Raised.
Raise.
And then raise.
See the subtle difference?
I get it.
Right.
With rising flood insurancecosts and mounting repair
expenses, the debate overwhether to raise or raise is
intensifying across vulnerablecommunities.
(04:53):
We've really committed to thisraise or raise bit.
Raise or raise.
Yeah.
SPEAKER_02 (04:57):
We're
SPEAKER_03 (04:58):
way super deep into that.
I'm going to guarantee you it'snot even the last time it comes
up.
There's still time.
There's still time.
Okay.
So...
I asked you when we were doingthe planning for this, I was
like, do you have any floodstories?
I'm waiting for, I have one toshare, but I'm not sure if right
now is the right exact time, butI want you to start thinking in
your old brain.
(05:19):
Flooding, rain, raising, maybetell a story about a raising.
All right, the growing threat offlooding.
So here we go from the article.
I'm just kind of kind of bulletsome stuff out.
Feel free to chime in if youwant.
Increasing flood events.
In the past decade, flood eventshave surged by 50% in coastal
and in low-lying areas.
(05:39):
Makes sense, global warming,rising sea levels.
Cost of recovery, on average,flood repairs cost home owners
40 to 70,000 per incident withrepeated flooding driving
expenses even higher.
Oh man, I didn't realize it wasthat expensive.
How would you like to pay$70,000for a home repair for a flood?
I wouldn't like to nor be ableto, so that sounds less than
(06:02):
ideal.
Yeah, I would be in big trouble.
I had no idea it was thatexpensive, wow.
Hotspots, states like Florida,Louisiana and New Jersey are
seeing the most significantimpacts.
Checks out there.
You got some hurricane zones aswell.
Florida and Louisiana.
New Jersey's kind of surprising.
Florida and Louisiana makessense to me, but I didn't know
New Jersey had a floodingproblem.
(06:23):
I guess it does.
You want to hear a New Jerseystat?
Yeah.
I got a Jersey stat.
A New Jersey neighborhood nearthe coast faced about three
floods in one year, which forcedseveral homeowners to consider
home elevation.
Do you know what home elevationis, Patrick?
I don't.
What is home
SPEAKER_02 (06:41):
elevation?
If you had a guess.
What would you guess?
SPEAKER_03 (06:44):
Don't read.
Eyes up.
Home elevation is, is it like ahouse on stilts situation?
Is it like one of those?
Yeah.
Okay.
Stilts.
You know what I mean, though.
I know.
I've seen them.
I think I saw them in SouthCarolina.
You see a lot of these in SouthCarolina, like beach houses on
the coast, like places that puttheir hard pavement at the very,
(07:05):
very bottom with then like thelegs going up.
up for the house, like to buildthe house on a platform, and
then you have like a car garageunderneath.
So it's like people will parktheir cars, walk up the stairs
to get into their house.
Yeah, yeah, yeah.
Didn't know that these were inNew Jersey, though.
And also, side note, threefloods in one year in a single
neighborhood.
That's got to be really rough.
Really, really rough, yeah.
(07:26):
For the raise option, so thehome elevation.
You were basically right.
Yeah.
So homes are lifted about six to10 feet on stilts or platforms,
keeping them above future floodlevels.
So it's literally just takingthe house.
It's the Patrick meme fromSpongeBob.
Take the key, Bob.
Push it somewhere else.
Just raise the house up.
(07:46):
Elevating a typical singlefamily home costs about$100,000
to$250,000.
So that depends greatly on sizeand location.
Not an easy renovation.
Yeah, but like how do you dothat?
Do you just get like a...
Just something to scoop up thehouse.
It just doesn't make sense to mehow that would even be.
It's like a car jack that youhave in the back of your car,
(08:06):
except it's a really big one.
You have to turn it.
That's not true, by the way.
If you're living in aflood-prone area and you need to
raise your house, R-A-I-S-S-E,call a flood professional or
someone that knows about water.
Not us.
Maybe we'll get Mary Regano inhere sometime to talk about
flooding.
Benefits.
(08:27):
Protection.
It reduces the flood insurancepremiums by up to 70%.
(08:48):
Now, you might be asking,Patrick, what are the drawbacks
of raising a house?
I was just about to ask, yes.
It requires homeowners torelocate temporarily, which
makes sense.
Like you were saying, if theywere going to invest all this
money into raising their actualhouse, you can't be in the house
once being elevated into thesky.
Although the image of that isquite funny.
(09:08):
Yeah, you're going to have tofind some other kind of
situation for your temporaryhousing.
SPEAKER_02 (09:13):
Right.
SPEAKER_03 (09:13):
Also, aesthetic changes.
I mean, it might sound silly,but literally it would be
changing exactly what your houselooked like.
I mean, you bought thisproperty.
You might have bought it becauseyou'd love the way that it
looked.
You're attached to the way thatit looks.
And all of a sudden you've gotthis house on stilts.
It's like, is that really whatyou want?
I don't know.
But again, the cost.
So a Florida couple, here's anexample from the article.
(09:34):
They spent about 180,000 raisingtheir waterfront home after
three flood claims in fiveyears.
This may have changed theirhouse, but it cut their
insurance bill in half.
I guess that makes sense.
Last option you might be asking,what What about the raise
option?
And that's...
Like raise with a Z?
Yeah, exactly.
Or a Z for our Britishlisteners.
(09:57):
What?
That's so stupid.
Reset?
Zed.
What?
Zed.
That's how British people saythe letter Z.
You didn't know this?
In England...
Oh, we're getting a thumbs upfrom the producers.
I apologize.
Yeah.
I did not know.
It was a stupid joke.
The fact that I had to explainit was not...
Okay.
So it's like...
(10:18):
X, Y, Z.
Yeah, you didn't know that?
No, I didn't know that.
I was going to say weird, butthat would be insensitive.
It's interesting.
It is fascinating.
Yes.
Demolition.
Rebuilding.
The raise option.
And that's with a Z.
So, you know, you don't want toraise your house.
You don't want to elevate it.
What if you want to just knockit down, start over?
(10:38):
You want to go Sims on it,right?
You want to...
When you select the house onSims and you click the trash can
icon.
Rebuilding elsewhere.
Some homeowners choose todemolish and relocate to less
flood prone areas.
I almost said food prone again.
I got to be careful with the L'sand the O's there because I
almost said food prone.
(10:59):
Obviously, you want to live in afood prone area.
Cost.
Demolition can cost$20,000 to$30,000 with new construction
ranging from$200,000 all the wayup to$500,000.
Just like the option.
I mean, it sounds like it'sgoing to be a little bit more
expensive because you have tofactor in the cost of demolition
with the cost of newconstruction.
Right.
But it does benefit peace ofmind.
(11:21):
You know, you avoid future floodthreats altogether.
Like if you're, you know, youwant to just build a really
great flood prone house in agreat area with a great
foundation, peace of mind,right?
Here's another one.
Opportunity to build energyefficient climate resilient
homes.
So maybe this is not your idealsituation if if you own a
(11:41):
beautiful 18th century Tudor.
It is a benefit, though.
More energy-efficient,climate-resilient homes.
Modern homes are built with moreknowledge of those situations
and the end of the changingclimates of the world.
Challenges.
Emotional toll.
The article does cite thatleaving a long-time home or
neighborhood can definitely bedifficult.
(12:02):
Yeah, for sure.
I'm not sure if this is theplace where we want to do it
because we're running long onthis news story, but moving
stories.
I'm sure we both have movingstories.
We'll have to tell eventually.
Land acquisition.
Finding affordable land in asafe area isn't always easy.
Makes sense.
You got to do the whole propertyhunt thing.
You got to find a location, finda better area.
(12:22):
It's difficult, especially whena lot of other people are
looking to do the same thing.
So an example, again, from theNew York Times article, a
Louisiana family raised theirhome after Hurricane Ida,
relocating inland to avoidfurther flood risks.
So literally just demolish thehouse, Move farther inland.
Difficult.
I mean, I'm sure that they likedwhere their home was.
(12:43):
You gotta move to a differentarea.
And the last thing, we gottatalk about money.
Really quick.
FEMA grants.
So homeowners can apply for FEMAHazard Mitigation Assistance,
which is HMA.
It grants to cover part of thecost of elevating homes.
So you can actually getassistance in the elevation of a
home if you live in one of thoseflood-prone areas.
(13:03):
State programs.
Texas Home Elevation Program.
There's actually the T-H-E-Pright there for you.
The Texas Home ElevationProgram.
T-H-E-P?
T-H-E-P.
Am I supposed to know thatacronym from something?
Texas Home Elevation Program.
Thep.
I work for Thep.
It offers grants andlow-interest loans for flood
(13:25):
mitigation.
And then there's the New YorkRising Program, which provides
up to$150,000 for homeowners inflood zones to elevate or
rebuild.
And some local governments offerbuyout incentives as well for
homeowners willing to abandonflood-prone properties, turning
the land into wetlands or publicparks to absorb future floods.
Not sure about that one.
(13:46):
We're going to leave this floodblood-prone property and just
turn it into a park for kids.
It's a water park.
What's your flood story?
So my flood story is that when Ilived in an apartment in Oakley
(14:09):
in a neighborhood in Cincinnati,it was an old, old house that
was renovated from like a singlefamily, like way back in the day
to a three story apartmentbuilding.
So first floor, two bedroomtenants, second floor was me,
two bedrooms.
And then the third floor wasbasically the attic, but it was
converted from an attic into alike a And one day I was
(14:30):
traveling, I was out of town andI was visiting a friend in
Cleveland and I had ring camerasset up.
I have ring cameras in my house.
I've always had like little ringcameras for them.
I'm out of town, I can set it sothat I get like motion alerts if
anybody comes into the apartmentor if there's anything going on.
Randomly, I get a ringnotification at like two in the
(14:51):
morning on a night where wesupposedly had like heavy, heavy
rain.
Turned on the ring notificationjust in time to get the footage
of what had happened was theupstairs neighbor simultaneously
with this heavy rainfall hadleft the bathtub or sink running
and it overflowed.
(15:12):
And the bathroom was right abovewhere my kitchen was.
And my kitchen ceiling was justtheir floor, their floor's wood,
and then ceiling tile.
So I opened my Ring camera tosee just a huge waterfall fall
through the ceiling of thisroom.
And all of the tile, it wasthese kind of tiles, those kind
(15:35):
of tiles above us in the studio.
And they were all just falling,falling, falling, falling, and
all this stuff.
And you could see the...
gusts of like rain too coming init was like it was crazy so yeah
I had to call the landlord atthe middle of the night I'm like
I'm like there's somethinghappening I was like okay and so
(15:55):
my landlord at the time wasgonna go over and like see what
was going on he was able to stopthe leak upstairs thank God or
whatever was happening with theupstairs neighbor this is also a
tip for landlords out there makesure you have updated keys he
didn't for some reason haveupdated keys for the walk so he
couldn't get into my apartmentuntil I came home from Cleveland
and I was out of town for thewhole weekend.
(16:15):
So by the time I got home, Ijust like had to mentally
prepare myself for opening upthe front door and just being
like, well, crap.
And it was just like kitchentiles were all busted.
All my stuff.
Like I had like art prints thatwere on the wall there that got
all rain messed up from thewater.
It was, it was terrible.
So that, and that floodingseeped into the living room on
(16:36):
that.
And not mine.
It was this landlord's hardwoodflooring, but the construction
of the place, the faucetupstairs, Yeah.
To wrap up, as flooding becomesmore frequent, flooding not like
(16:59):
mine, homeowners are beingforced to adapt or relocate
whether raising or raising.
The financial and emotionaldecisions are profound, but they
are also a critical part ofshaping how communities respond
to climate change.
Understanding the availableoptions and incentives can help
families make informed decisionsabout their future.
And that's the news you need toknow about.
All right.
(17:25):
Welcome back to the show.
Today we're diving into a wildstory about a landlord who got
duped by someone who seemed toogood to be true, and well, he
was.
It's a reminder that noteverything is as it seems,
especially in the world of realestate.
So stick around, because afterPatrick's story time, we're
gonna unpack the lessons hereand explore how landlords and
really anyone can avoid fallingfor a con like this.
(17:48):
And now, the stage is set, andPatrick is about to read a
story.
throat clear appearances can bedeceiving never has this adage
that's a new one good word thereproducers Never has this adage.
(18:12):
Adage.
What?
Have I
SPEAKER_02 (18:15):
read it?
SPEAKER_03 (18:18):
Adage.
What's adage then?
Like an old adage.
Adage?
Adage is like a story.
Yeah.
I think adage is a simile.
Alright, well that's word of theday then.
Yeah, word of the day.
Ray's adage.
We've had multiple words today.
Okay, take it back.
Appearances can be deceiving.
(18:38):
Never has this adage held moretruth than the story of a
seemingly refined man whosepolished demeanor masked a
scheme as cunning as it wasinsidious.
The tale begins with a landlord,a long member of the National
Association of IndependentLandlords, who prided himself on
his ability to judge character.
(18:59):
His apartments were meticulouslymaintained, and his tenants were
carefully vetted.
But even the most discerning eyecan be blinded by the glitter of
a well-spun illusion.
I love a good well-spunillusion.
Avada Kedavra.
Lumos Maxima.
It's a Harry Potter joke.
Don't worry about it.
Oh, yeah.
That went over my head.
(19:21):
Nerd.
One day, a man appeared at thelandlord's office.
A vision of sophistication.
He wore tailored clothes thatwhispered affluence.
And he arrived in a gleaming carthat exuded understated luxury.
His charm was effortless.
His manner is impeccable.
And then there was his story.
A poignant tale of heartbreakand urgency.
(19:43):
I've just lost my wife, hebegan.
SPEAKER_01 (19:46):
Patrick's going for the Oscar.
That's not what I was expecting.
He's lost my wife?
Not funny.
But that's not what I wasexpecting.
SPEAKER_03 (20:00):
Okay.
Getting the character here.
So he didn't do a backgroundcheck.
(20:26):
He decided that it was notnecessary for this polished,
grief-struck man.
That is correct.
That's what happened.
Thanks for the recap.
Today, time was of the essence,or so the man claimed.
The lease was signed withindays.
For the first month, all seemedwell.
The man settled into theapartment, his presence as
(20:46):
unassuming as his appearance wasrefined.
Rent was paid promptly, but asthe calendar turned to the next
month, the landlord's faith inhis new tenant began to falter.
No payment came.
Dun-dun-dun-dun-dun.
(21:26):
the landlord watched as hiscarefully curated property
became a haven for someone whohad no intention of honoring his
obligations.
As the pieces of the puzzle cametogether, a disturbing pattern
emerged.
The man was no victim ofunfortunate circumstances.
He was a practiced predator, acon man who had pulled the same
scheme on other landlords acrossthe city.
He moved from one property tothe next, leaving a trail of
(21:48):
unpaid rent and exploitedkindness.
By the time the landlordregained possession of his
apartment, the damage was done,not just to his finances, but
his trust and others the con manof course had already moved on
his next target none the wiserterrifying yeah it's like a
slasher movie you can make ahorror movie out of this this
(22:08):
story serves as a grim reminderappearances can deceive and even
the most polished facade canconceal the darkest of
intentions always always do yourdue diligence trust but verify
for the world of real estate orlife some lessons are learned
the hard way so yeah this is notjust Just a landlord tenant
(22:29):
screening story.
It's, I guess, for anybody who'salive.
Yeah.
I would say so.
All right.
Round of applause out there inthe audience for Patrick.
Great job.
Great reading.
You did great.
You powered through it.
I was hoping for more comedicvoices from you, but saying my
wife's dead.
I tried my best.
(22:49):
You promoted on that line.
That was your Oscar clip whenthey eventually nominated you.
Yeah.
Quite the story.
Terrifying to think that it'sthat easy to scam someone.
Yeah, right.
It makes you second guesseveryone you've ever given a
pass before.
Right, right, right.
I've never been a landlord, butI've also definitely been...
(23:10):
We'll lend money to friends orwhatever, acquaintances, take
someone for a, you know, dropsomeone off at their car.
It's like how quick someonecould frigging turn and just be
like a total villain and wreckyour apartment, wreck your life,
like ruin seven months of justlike all of this crap that this
dude had to go through.
I mean, it's, it's terrifying.
(23:31):
That's rough.
Yeah.
Really, really terrifying.
And I mean, like, you know, Ikind of made the yikes at it
earlier in the story, but like,I'm sure the more, one of the
big morals of the story is thejust, opting to circumvent the
typical process of going throughscreening, checking your
background, just a couple basicthings to do that would have
maybe set off some red flags.
Yeah, right.
(23:52):
I think more thorough tenantscreening could have definitely
made this whole situation beavoided to begin with.
But it's hard too.
I mean, like hearing it, likeI'd be susceptible.
I'm a big baby, I was going tosay.
Someone tells me their sobstory, I'm likely to believe it.
Yeah, I know.
So it's like, you know, you gotto be more careful.
Right.
Have you ever been tricked orscammed by someone?
(24:13):
Have you ever been scammed,Patrick?
I'm trying to think.
Have you been scammed?
Nothing major.
No, I've had credit card theftbefore.
Like I've gone shopping at amall and I swipe my card
somewhere and then a few minuteslater I got like an alert.
Oh, a bartender at Max Pizza Pubin Clifton totally yanked my
credit card and used it to buysome Nike stuff.
(24:35):
Yeah, I ended up getting those.
But that's like the closest I'veever gotten.
I've never had someone likeswindle me and likeâ my name's
Johnny B.
Goode, and I'm going to sell youthis Volkswagen.
And I get it, and it's likesquares for tires.
Yeah, I guess as close as I camewas I had a charge on Amazon for
like$100-something bucks.
I did not recognize.
So I started freaking out thatthey had access to my Amazon
(24:56):
account and my card andeverything.
So I went ahead and canceled mycards, changed my password to
Amazon, all this stuff.
And all my cards on Amazon Icanceled because I got the
charge on two credit cards onAmazon.
And then Iâ Come to find out,after I cancel everything,
change everything, I realizethat was my Amazon Prime
subscription automaticallyrenewing.
(25:18):
And...
So you plagued yourself.
I freaked out for no reason.
Yeah, and then it was a wholedisaster getting everything.
That surprised me when youreached out to them that they
weren't like, this is what thischarge was.
Well, you know, Amazon'simpossible to reach out, but
Capital One originally, theyflagged it.
They originally flagged thetransaction.
Did you, like, we did notrecognize this charge or
(25:39):
whatever.
Like, did you make this?
I was like, oh.
$180, like whatever, how muchthe annual subscription is.
I'm like, no, I definitelydidn't buy anything on Amazon
for that amount.
So I'm like, I'm freaking out.
It was a difference between likeAmazon charge because it was the
subscription versus you werethinking like, oh, it was a
purchase on Amazon.
Exactly, yeah.
Amazon Prime didn't even, yeah.
So anyways, I thought I was likemega scammed there, but then it
ended up being me being anidiot.
(26:02):
Yeah.
Well, I'm glad you got it.
Do you think, I like thisquestion.
Do you think it's harder totrust people nowadays?
How do you balance beingcautious without being overly
suspicious?
I'm definitely prettytrustworthy, I think.
It's probably to a fault.
I remember one time I got introuble at my very first job in
high school, which was JCPenney.
(26:23):
You worked at a JCPenney?
I worked at a JCPenney.
What did you do there?
Retail?
Yeah, I worked.
Correct.
It is a retail store.
But yeah, I was in the men'sdepartment.
I folded clothes, emptiedfitting rooms, asked customers
if I could help them findanything today.
One time I was talking to thesecustomers and they're asking if
we had any more flannel in theback or something.
(26:45):
I was like, yeah, come to theback.
I took them back to the backwarehouse room.
I was like, here's everything wegot because I didn't feel like
taking one of everything out.
And then after they left, mymanager just came like, who are
those people that you let intothe back of the store?
And I was like, oh, they werejust customers who want to see
something.
He's like, don't you ever dothat again because if they get
access to the back of the store,they can steal and all this
(27:06):
stuff.
I think that's a good example.
Is it?
Because you trusted thesepeople, you went into the
situation, and then you learnedfrom it, right?
Halfway through telling thatstory, I'm like, wait, why?
Why did I start with thatquestion?
JCPenney, JC Jeans, I should gobuy some new jeans.
That's right.
My brain broke down there.
I don't know.
I'm with you.
I think it definitely seems likeit's harder to trust people
(27:30):
these days, but I think it'sjust paranoia from social media
and news, and I'm always justlike, should I trust people?
There's so much.
We get such exposure to all thebad things happening in the
world, it's like hard to, youknow, you feel like a little bit
of distrust these days.
I don't know.
Maybe for like online.
So like when I call somebody,like I call like my card company
(27:50):
or like insurance or whatever.
And then they ask for like mysocial security number or
something.
I'm like, what do you need thatfor you?
Are you some sort of scammer?
But it's like, no, it's like thenumber that I called.
You know what I mean?
So like, I feel like if I'm onthe phone with somebody or
somebody reaches outelectronically, I'm probably
very suspicious.
But if you're like a real life,like human being in front of me,
it's like, oh, they can't lie.
I guess is how...
It's physically impossible forthis person to lie to me right
(28:13):
now.
I feel that.
Yeah, so we kind of talked aboutit earlier, but with
applications and screening andgoing through the normal
processes of not going around,not falling into this guy's
trap, were there any otherthings you can think of that the
landlord could have donedifferently here?
I think just having a system andnot deviating from it.
It's like if you have a tenantscreening process, you have a
list of things that you do, andyou've got to make it consistent
(28:35):
for everybody, right?
Like, oh, credit report,background check, references,
call the references for the pastresidencies or whatever like
just having a system and even ifthe person seems reliable or
even if the person is in kind ofa tough situation you know it's
important to like do your duediligence not just take the
person's word at face value butactually like investigate for
(28:57):
yourself yeah I just say likedon't cut corners in anything
but like goes to say and not tobe pessimistic but it's like you
could follow all the right stepsand something like this could
still happen so it's just likeknowing the risks knowing those
kind of things going into it issmart like having preventative
measures like backed up like agood lease contract and we've
talked about that many manytimes at this point but it's
(29:17):
like make sure that you havelike a pretty foolproof document
that if something goes down thatyou're you're protected that you
have like something to protectyourself right so
SPEAKER_02 (29:26):
yeah good point
SPEAKER_03 (29:27):
all right well that's about all for the story
time with patty thanks forreading we shouldn't be allowed
to name any of these segmentsbecause every week they're
different someone someone's gotto email us in and then give us
a segment.
Questions at therentishpod.com.
Patrick, what do you say we swapfrom story time and play some
(29:48):
games?
I love games.
Okay, here we go.
You're back, and it's time forthe fun and games segment, as
we're calling it, or if you havea better idea for the segment
out there, fun and games.
I don't know, you know,something like that.
Real estate terms and fun.
Real estate fun.
(30:08):
Real estate fun.
Real fun.
Real fun.
Real fun.
Boom.
We nailed it.
We nailed it.
Okay, yeah, real estate termsand fun here.
We have a special guest.
Joining us on the show today isMary Regano.
She's a senior marketing programmanager at Enago.
Mary, thank you for being on theshow.
SPEAKER_00 (30:25):
Thanks so much for having me, guys.
SPEAKER_03 (30:27):
Yeah, tell us a little bit about yourself and
where you come from, what it isyou do.
SPEAKER_00 (30:31):
Sure, yeah, definitely.
So like you said, I am a SeniorMarketing Program Manager at
Enago.
I've been with Enago for justover a year now.
But prior to that, I had,gosh...
almost 15 years of experienceworking across tech companies
and in sales and marketingorganizations.
(30:52):
And even at one point in that 10to 15 years, got my MBA from
Chicago Booth.
So lots of interesting workexperience.
But then in addition, about fiveyears ago, I started investing
in real estate on the side.
I have properties in Chicago andin Cincinnati and just have been
(31:14):
kind of slowly working onbuilding out that portfolio and
I'm learning a lot as I go asmany real estate investors would
probably attest and say the sameand it's been a lot of fun but
also brought on many, manychallenges.
Cool.
SPEAKER_03 (31:31):
Yeah, well, it's good to hear that someone as
experienced as you still saysthat they're learning a lot
because Patrick and I here,we've got a long ways to go.
I think we'll catch up to you.
Mary, do you want to introducespecifically the game that we're
going to be playing?
SPEAKER_00 (31:44):
Yes.
Are you guys familiar with thegame Taboo?
SPEAKER_03 (31:48):
I invented Taboo, Mary.
Okay.
So when the producers told us,hey, we're going to play Taboo,
my co-host Patrick said, and Iquote, I'm the Taboo expert.
The Taboo expert.
I said master, but yeah.
Master, sorry.
Oh, my apologies.
Show some respect.
I'm familiar with Taboo.
It's not a game I play all thatoften, but I played it many
(32:11):
times growing up.
SPEAKER_00 (32:12):
Okay, awesome.
Well, we're going to play RealEstate Taboo.
So you guys, one of you...
One of you have been given aterm.
that you know about real estate.
And you're going to try to getthe other person to guess what
that term is.
But you can't use the certainwords that are included, just
(32:37):
like if you were playing regulartaboo.
So any of those very commonwords that make it easier to
guess what the term is.
So as long as you avoid thosewords, then you can do what you
need to do in order to try toconvey what this term is to the
other.
SPEAKER_03 (32:52):
Not a problem.
He's ready to roll.
He's got a lot of confidence.
He's got so much confidence.
I think he said what?
You can get me to guess it ineight seconds?
Eight seconds.
Let's do eight seconds.
Okay.
It's going to be great radio.
It's like, welcome to the game,and the game is over.
All right.
I'm ready to roll whenever youare, Patrick.
(33:13):
Patrick's the question master.
He's going to be asking metoday.
Let me open the clue, and thenwe can go.
Opening the clue.
There he goes.
All right.
This word, I actually have noidea what it means in real
estate terms, but I have no cluewhat the term means in real
estate terms.
But the word, without using thetaboo words, is the part of your
body between your shoulder andyour wrist.
(33:35):
Arm?
Yeah, that's the word.
SPEAKER_02 (33:39):
What?
Hold on a second.
SPEAKER_03 (33:43):
I have no idea what it means in real estate terms.
So what, the arm bones connectedto the hand bone?
What are we doing here?
It's just arm?
The word, the term I was given,I will read you.
It says real estate taboo.
Term arm.
Taboo words, leg-handed boxing.
Oh
SPEAKER_00 (34:00):
my God.
Okay, so you just got the, okay,very cool.
SPEAKER_03 (34:05):
Call me baffled and impressed because, yes, you did
not use any of the taboo words,but you got it in less than
eight seconds.
Well, duh.
Did you think I was lying toyou?
I think we need some educationhere.
SPEAKER_00 (34:20):
Yeah, I can imagine.
I'm sure you guys are bothwondering what the heck does an
arm have to do with real estate.
SPEAKER_02 (34:26):
We
SPEAKER_00 (34:27):
are.
So arm is not actually the word.
Arm stands for adjustable wrist.
rate mortgage.
It's an ARM.
SPEAKER_03 (34:40):
I would like to see you get that in eight seconds.
How about that, Patrick?
That makes so much more sense.
Say it again, Mary.
What's it stand for?
SPEAKER_00 (34:47):
The term is an adjustable rate mortgage.
Or ARM, if you put all of thosetogether.
Adjustable rate mortgage.
I could
SPEAKER_03 (34:56):
never have gotten you to guess adjustable rate
mortgage.
Yeah,
SPEAKER_00 (35:00):
I was wondering how you were so confident.
SPEAKER_03 (35:03):
That's impressive.
Yeah.
SPEAKER_00 (35:05):
Well, okay, now that you know what the actual full
term is, are you guys familiarwith what an adjustable rate
mortgage is?
SPEAKER_03 (35:14):
Maybe, actually.
I'm just going to use contextclues to guess that it means the
rate of your mortgage, like therate that you pay for your
mortgage, is adjustable.
SPEAKER_00 (35:28):
I mean, that's correct.
It's an a very simplifieddefinition for it, but yes, that
is true.
So an adjustable rate mortgageis going to be, so you can have
a fixed rate mortgage rate.
So you buy your house and you'vegot a 5% fixed rate mortgage on
(35:50):
it, which means that for thelife of that mortgage, let's say
you signed a 30 year mortgagefor the life of it, you're going
to pay 5% interest on it.
A adjustable rate mortgage is alittle bit more complex than
that.
So what it does is there's aninitial period that's a fixed
rate.
So let's say you lock in 5% forthat fixed rate portion.
(36:13):
After that initial fixed rateportion is over, it's typically
five years, maybe seven, 10years.
These are kind of the generalbuckets that we typically see.
After that period, it becomesadjustable.
And what that means is that itcan adjust based on market
conditions.
So you kind of put yourself onthe up to the world of, you
(36:37):
know, however interest rates arefluctuating.
So it could go down or it couldgo up.
You don't really, you don'treally know until that period
ends.
So there, like I said, there'ssome complexity to it and
there's definitely some, alittle bit less complexity
knowing of, of, you know, what'sgoing to happen.
(36:58):
Whereas with a fixed ratemortgage, you kind of know what
your payments are going to looklike in, in the life of the
loan.
SPEAKER_03 (37:04):
So, so it's riskier than a fixed rate mortgage, but
so, okay.
So I have a question is, iswhen, when, when decide, cause
you get to choose whether you,you go with a fixed rate or
adjustable rate mortgage.
Is that right?
Like when you.
SPEAKER_00 (37:18):
Yeah.
As long as the bank offers it.
So not every single, and not inevery situation and not every
bank is going to offer it, butoften often there are options
for you to do either fixed oradjustable rates.
SPEAKER_03 (37:31):
When you're purchasing a house and getting
the mortgage and all of that, isgenerally the strategy, if
you're buying or getting themortgage in a rough time where
interest rates are really high,in that case, you want to go
with adjustable in hopes thatit'll go down.
And if interest rates are great,then you probably want to do a
fixed rate.
That way, you have that interestrate over the course of the
(37:54):
mortgage's lifetime.
Is that the a basic strategy oram I wrong on that?
SPEAKER_00 (37:58):
No, no, no.
That can be a strategy.
So typically with an adjustablerate mortgage, you do get lower
rates during that fixed period.
So it's an incentive to want togo with that option over doing
the fixed rate option.
And like you said, if you'rebuying a house now or in the
(38:18):
last year or two and the rateshave been kind of on the high
end, an adjustable rate mortgagemight be something that you want
to consider especially if youbelieve that the rates are going
to eventually go down.
Now, again, there's no guaranteeyou could have it wrong.
You could read the market wrongand the rates are only going to
go up and then your costs aregoing to go up in the long term.
Another reason why people mightlook to do an adjustable rate
(38:43):
mortgage is if you know you'reonly going to own the property
for a short period of timebecause then you get to
capitalize on that lower fixedterm rate in the short term and
then potentially be selling orgiving up ownership before you
even hit the variable rates.
So there can be differentreasons for why you would use
(39:03):
it, but it is definitely ariskier option than going with
just the fixed rate mortgagewhere you know what you're going
to get every month, every year,as far as the interest rates
that you're going to be paying.
Interesting.
SPEAKER_03 (39:15):
Gotcha.
Get it?
It's interesting.
Oh, my.
You did not plan that, did you?
Yeah.
No.
That was a good one, though.
Awesome.
All right.
Cool.
Well, we learned a little bittoday.
That was a fun game.
We're going to play this againsometime and get a term that's
not a body part.
A real estate term that's not abody part.
I would be so screwed if I hadthe whole definition.
SPEAKER_00 (39:37):
It was impressive.
I was impressed.
SPEAKER_03 (39:40):
Yeah.
Very impressed.
Mary, thank you again for comingon the show.
We really, really appreciate it.
SPEAKER_00 (39:44):
Thanks for having me.
SPEAKER_03 (39:48):
Well, that was such a fun game.
That was a fun game, wasn't it,Patrick?
SPEAKER_02 (39:56):
So fun.
SPEAKER_03 (39:57):
Yeah.
Thank you again, Mary Regano,for being on the podcast and
playing some real estateterminology games with us.
It was a good time and a greatepisode.
Patrick, thank you for beingsuch a good co-host and
thoroughly reading the scripts.
You're welcome.
Did we come to a decision?
What's better, raise or raise?
I'm going with raise.
I'm also going with raise.
Make sure to tune in next timefor another episode of the
(40:20):
Rentish Podcast.
I'm Zach, co-host Patrick.
You can follow us on all thesocial feeds.
If you're listening on Spotifyor any of those normal podcast
apps, Apple Podcasts, whereveryou listen to, drop us a like,
give us a follow, turn on thenotifications if you want to be
notified when new episodes goonline.
And then you can also email theshow questions at therentish
(40:40):
pod.com until next time happyrenting see ya do we have a
catch sign up happy rentinghappy renting go rent or bye bye
that's the catch for the richestpodcast bye bye bye bye all
right bye everybody
What's going on everybody?
I'm Zach and I'm here with myco-host Patrick.
Hi.
Oh, shit.
Shake it off the rest, baby.
Shake it off the rest.
Oh,
SPEAKER_02 (00:16):
shit.
SPEAKER_03 (00:18):
All right, let's try that again.
Sorry, I'm ready.
What's going on, everybody?
I'm Zach, and I'm here with myco-host, Patrick.
What up?
We are your hosts for theRent-ish podcast, a podcast
that's kind of about rentalproperties and hosted by two
guys that work in the realestate industry and sort of know
what they're talking about.
But mostly different.
That's right, Patrick.
(00:39):
You nailed your catchphrase,which is why you're going to
have fun hearing us talk toexperts, learning with us, or
just laughing about how littlewe know about this whole thing.
Correct.
You're nailing it.
I just want to say I appreciateyou as a co-host.
Thank you.
Doing all the great things,saying all the lines.
(01:00):
We got a good episode, Patrick.
I'm excited.
We're going to talk about somereal estate news, including
flooding, what to do about thatsituation.
And then we're going to talkabout a tenant horror story.
So looking forward to seeing ifyou have any more narration for
me down the pipeline.
And then we're going to playsome more real estate games with
our real estate expert, MaryRegano.
(01:21):
She's going to be back on thepodcast.
I love games.
Again, Rent-ish.
Thank you guys for listening tothe podcast.
We appreciate everyone forhanging out and listening with
us.
Email questions attherentishpod.com.
If you'd like to ask me andPatrick a fun, fun question
about real estate or about notreal estate, because We also
like talking about anythingelse.
(01:42):
Patrick, it's been a minute.
Yeah, it's definitely been aminute.
Not to break the fourth wall toomuch, but we took a little bit
of a break during some busiertimes of the month.
And now we're back so that we'rerecording for the first time in
a little bit.
I feel like we got to shake offthe rustle a little bit.
I have nailed the catchphrases,though, so no concerns there.
(02:02):
I noticed you wrote them down onyour hand.
Yeah, you're like, what?
Oh, shit.
Can't spill my secrets.
Well, all right.
What do you say we start divinginto some of the real estate
stuff for today?
I say to that Yes.
Yes.
Okay, good.
I'm glad I have your approval.
(02:23):
Um, uh, we're still working on asegment title, so please feel
free to email questions.
Do we not have one for the Zachwith the facts?
That was, that was our producer.
We can, we can roll with thatfor now.
Zach with the facts.
Uh, yeah.
If you have a better idea forthe love of God, email us, uh,
(02:44):
flood soaked homeowners face acostly choice, uh, raise or
raise.
Now that's, a double entendre Idon't understand it's spelled
differently you see how is theother one spelled so raise
R-A-I-S-E like raise raiseR-A-Z-E R-A-Z-E yeah I've never
heard that word in my life whatdoes that well it's like you
(03:05):
would raise something so I thinkit means like oh with fire or
like burn like a razor like surelike that you use for your beard
I would yeah right sure if thathelps it's like the verb version
of that To raise.
I don't think.
To raise.
Get Webster up in here.
Where is it?
To destroy to the ground.
(03:25):
I don't know if that's.
Yeah, burn to the ground.
Like you would raise a crop.
That's what I've heard.
Or like you'd raise the hair onyour chin to the ground.
Oh, so you're saying thatetymology here.
I'm saying.
Maybe that word morphed intorazor when Gillette got on
board.
I mean, I'm mostly saying thatbecause I've never seen the word
raise, but I have seen the wordrazor.
UNKNOWN (03:45):
Okay.
SPEAKER_03 (03:45):
So I could be wrong.
Well, this has been thedictionary pod.
No, no, no.
We're here to talk about thenews.
We're here to talk aboutflooding and a recent New York
Times article calledFlood-Soaked Homeowners Face a
Costly Choice.
Patrick, did you read thearticle?
I did not.
Unfortunately, I kind of forgotabout the article this time.
Next time I will, though.
(04:05):
It's okay because it looks likeit wants you to log into the New
York Times, which I'm not goingto do because I don't pay for
the New York Times.
But the article's here and ourproducers have done a great job
of bulleting it down for us tokind of discuss.
So, flooding There's your raiseand raise, right?
(04:30):
Raised.
Raised.
Raise.
And then raise.
See the subtle difference?
I get it.
Right.
With rising flood insurancecosts and mounting repair
expenses, the debate overwhether to raise or raise is
intensifying across vulnerablecommunities.
(04:53):
We've really committed to thisraise or raise bit.
Raise or raise.
Yeah.
SPEAKER_02 (04:57):
We're
SPEAKER_03 (04:58):
way super deep into that.
I'm going to guarantee you it'snot even the last time it comes
up.
There's still time.
There's still time.
Okay.
So...
I asked you when we were doingthe planning for this, I was
like, do you have any floodstories?
I'm waiting for, I have one toshare, but I'm not sure if right
now is the right exact time, butI want you to start thinking in
your old brain.
(05:19):
Flooding, rain, raising, maybetell a story about a raising.
All right, the growing threat offlooding.
So here we go from the article.
I'm just kind of kind of bulletsome stuff out.
Feel free to chime in if youwant.
Increasing flood events.
In the past decade, flood eventshave surged by 50% in coastal
and in low-lying areas.
(05:39):
Makes sense, global warming,rising sea levels.
Cost of recovery, on average,flood repairs cost home owners
40 to 70,000 per incident withrepeated flooding driving
expenses even higher.
Oh man, I didn't realize it wasthat expensive.
How would you like to pay$70,000for a home repair for a flood?
I wouldn't like to nor be ableto, so that sounds less than
(06:02):
ideal.
Yeah, I would be in big trouble.
I had no idea it was thatexpensive, wow.
Hotspots, states like Florida,Louisiana and New Jersey are
seeing the most significantimpacts.
Checks out there.
You got some hurricane zones aswell.
Florida and Louisiana.
New Jersey's kind of surprising.
Florida and Louisiana makessense to me, but I didn't know
New Jersey had a floodingproblem.
(06:23):
I guess it does.
You want to hear a New Jerseystat?
Yeah.
I got a Jersey stat.
A New Jersey neighborhood nearthe coast faced about three
floods in one year, which forcedseveral homeowners to consider
home elevation.
Do you know what home elevationis, Patrick?
I don't.
What is home
SPEAKER_02 (06:41):
elevation?
If you had a guess.
What would you guess?
SPEAKER_03 (06:44):
Don't read.
Eyes up.
Home elevation is, is it like ahouse on stilts situation?
Is it like one of those?
Yeah.
Okay.
Stilts.
You know what I mean, though.
I know.
I've seen them.
I think I saw them in SouthCarolina.
You see a lot of these in SouthCarolina, like beach houses on
the coast, like places that puttheir hard pavement at the very,
(07:05):
very bottom with then like thelegs going up.
up for the house, like to buildthe house on a platform, and
then you have like a car garageunderneath.
So it's like people will parktheir cars, walk up the stairs
to get into their house.
Yeah, yeah, yeah.
Didn't know that these were inNew Jersey, though.
And also, side note, threefloods in one year in a single
neighborhood.
That's got to be really rough.
Really, really rough, yeah.
(07:26):
For the raise option, so thehome elevation.
You were basically right.
Yeah.
So homes are lifted about six to10 feet on stilts or platforms,
keeping them above future floodlevels.
So it's literally just takingthe house.
It's the Patrick meme fromSpongeBob.
Take the key, Bob.
Push it somewhere else.
Just raise the house up.
(07:46):
Elevating a typical singlefamily home costs about$100,000
to$250,000.
So that depends greatly on sizeand location.
Not an easy renovation.
Yeah, but like how do you dothat?
Do you just get like a...
Just something to scoop up thehouse.
It just doesn't make sense to mehow that would even be.
It's like a car jack that youhave in the back of your car,
(08:06):
except it's a really big one.
You have to turn it.
That's not true, by the way.
If you're living in aflood-prone area and you need to
raise your house, R-A-I-S-S-E,call a flood professional or
someone that knows about water.
Not us.
Maybe we'll get Mary Regano inhere sometime to talk about
flooding.
Benefits.
(08:27):
Protection.
It reduces the flood insurancepremiums by up to 70%.
(08:48):
Now, you might be asking,Patrick, what are the drawbacks
of raising a house?
I was just about to ask, yes.
It requires homeowners torelocate temporarily, which
makes sense.
Like you were saying, if theywere going to invest all this
money into raising their actualhouse, you can't be in the house
once being elevated into thesky.
Although the image of that isquite funny.
(09:08):
Yeah, you're going to have tofind some other kind of
situation for your temporaryhousing.
SPEAKER_02 (09:13):
Right.
SPEAKER_03 (09:13):
Also, aesthetic changes.
I mean, it might sound silly,but literally it would be
changing exactly what your houselooked like.
I mean, you bought thisproperty.
You might have bought it becauseyou'd love the way that it
looked.
You're attached to the way thatit looks.
And all of a sudden you've gotthis house on stilts.
It's like, is that really whatyou want?
I don't know.
But again, the cost.
So a Florida couple, here's anexample from the article.
(09:34):
They spent about 180,000 raisingtheir waterfront home after
three flood claims in fiveyears.
This may have changed theirhouse, but it cut their
insurance bill in half.
I guess that makes sense.
Last option you might be asking,what What about the raise
option?
And that's...
Like raise with a Z?
Yeah, exactly.
Or a Z for our Britishlisteners.
(09:57):
What?
That's so stupid.
Reset?
Zed.
What?
Zed.
That's how British people saythe letter Z.
You didn't know this?
In England...
Oh, we're getting a thumbs upfrom the producers.
I apologize.
Yeah.
I did not know.
It was a stupid joke.
The fact that I had to explainit was not...
Okay.
So it's like...
(10:18):
X, Y, Z.
Yeah, you didn't know that?
No, I didn't know that.
I was going to say weird, butthat would be insensitive.
It's interesting.
It is fascinating.
Yes.
Demolition.
Rebuilding.
The raise option.
And that's with a Z.
So, you know, you don't want toraise your house.
You don't want to elevate it.
What if you want to just knockit down, start over?
(10:38):
You want to go Sims on it,right?
You want to...
When you select the house onSims and you click the trash can
icon.
Rebuilding elsewhere.
Some homeowners choose todemolish and relocate to less
flood prone areas.
I almost said food prone again.
I got to be careful with the L'sand the O's there because I
almost said food prone.
(10:59):
Obviously, you want to live in afood prone area.
Cost.
Demolition can cost$20,000 to$30,000 with new construction
ranging from$200,000 all the wayup to$500,000.
Just like the option.
I mean, it sounds like it'sgoing to be a little bit more
expensive because you have tofactor in the cost of demolition
with the cost of newconstruction.
Right.
But it does benefit peace ofmind.
(11:21):
You know, you avoid future floodthreats altogether.
Like if you're, you know, youwant to just build a really
great flood prone house in agreat area with a great
foundation, peace of mind,right?
Here's another one.
Opportunity to build energyefficient climate resilient
homes.
So maybe this is not your idealsituation if if you own a
(11:41):
beautiful 18th century Tudor.
It is a benefit, though.
More energy-efficient,climate-resilient homes.
Modern homes are built with moreknowledge of those situations
and the end of the changingclimates of the world.
Challenges.
Emotional toll.
The article does cite thatleaving a long-time home or
neighborhood can definitely bedifficult.
(12:02):
Yeah, for sure.
I'm not sure if this is theplace where we want to do it
because we're running long onthis news story, but moving
stories.
I'm sure we both have movingstories.
We'll have to tell eventually.
Land acquisition.
Finding affordable land in asafe area isn't always easy.
Makes sense.
You got to do the whole propertyhunt thing.
You got to find a location, finda better area.
(12:22):
It's difficult, especially whena lot of other people are
looking to do the same thing.
So an example, again, from theNew York Times article, a
Louisiana family raised theirhome after Hurricane Ida,
relocating inland to avoidfurther flood risks.
So literally just demolish thehouse, Move farther inland.
Difficult.
I mean, I'm sure that they likedwhere their home was.
(12:43):
You gotta move to a differentarea.
And the last thing, we gottatalk about money.
Really quick.
FEMA grants.
So homeowners can apply for FEMAHazard Mitigation Assistance,
which is HMA.
It grants to cover part of thecost of elevating homes.
So you can actually getassistance in the elevation of a
home if you live in one of thoseflood-prone areas.
(13:03):
State programs.
Texas Home Elevation Program.
There's actually the T-H-E-Pright there for you.
The Texas Home ElevationProgram.
T-H-E-P?
T-H-E-P.
Am I supposed to know thatacronym from something?
Texas Home Elevation Program.
Thep.
I work for Thep.
It offers grants andlow-interest loans for flood
(13:25):
mitigation.
And then there's the New YorkRising Program, which provides
up to$150,000 for homeowners inflood zones to elevate or
rebuild.
And some local governments offerbuyout incentives as well for
homeowners willing to abandonflood-prone properties, turning
the land into wetlands or publicparks to absorb future floods.
Not sure about that one.
(13:46):
We're going to leave this floodblood-prone property and just
turn it into a park for kids.
It's a water park.
What's your flood story?
So my flood story is that when Ilived in an apartment in Oakley
(14:09):
in a neighborhood in Cincinnati,it was an old, old house that
was renovated from like a singlefamily, like way back in the day
to a three story apartmentbuilding.
So first floor, two bedroomtenants, second floor was me,
two bedrooms.
And then the third floor wasbasically the attic, but it was
converted from an attic into alike a And one day I was
(14:30):
traveling, I was out of town andI was visiting a friend in
Cleveland and I had ring camerasset up.
I have ring cameras in my house.
I've always had like little ringcameras for them.
I'm out of town, I can set it sothat I get like motion alerts if
anybody comes into the apartmentor if there's anything going on.
Randomly, I get a ringnotification at like two in the
(14:51):
morning on a night where wesupposedly had like heavy, heavy
rain.
Turned on the ring notificationjust in time to get the footage
of what had happened was theupstairs neighbor simultaneously
with this heavy rainfall hadleft the bathtub or sink running
and it overflowed.
(15:12):
And the bathroom was right abovewhere my kitchen was.
And my kitchen ceiling was justtheir floor, their floor's wood,
and then ceiling tile.
So I opened my Ring camera tosee just a huge waterfall fall
through the ceiling of thisroom.
And all of the tile, it wasthese kind of tiles, those kind
(15:35):
of tiles above us in the studio.
And they were all just falling,falling, falling, falling, and
all this stuff.
And you could see the...
gusts of like rain too coming init was like it was crazy so yeah
I had to call the landlord atthe middle of the night I'm like
I'm like there's somethinghappening I was like okay and so
(15:55):
my landlord at the time wasgonna go over and like see what
was going on he was able to stopthe leak upstairs thank God or
whatever was happening with theupstairs neighbor this is also a
tip for landlords out there makesure you have updated keys he
didn't for some reason haveupdated keys for the walk so he
couldn't get into my apartmentuntil I came home from Cleveland
and I was out of town for thewhole weekend.
(16:15):
So by the time I got home, Ijust like had to mentally
prepare myself for opening upthe front door and just being
like, well, crap.
And it was just like kitchentiles were all busted.
All my stuff.
Like I had like art prints thatwere on the wall there that got
all rain messed up from thewater.
It was, it was terrible.
So that, and that floodingseeped into the living room on
(16:36):
that.
And not mine.
It was this landlord's hardwoodflooring, but the construction
of the place, the faucetupstairs, Yeah.
To wrap up, as flooding becomesmore frequent, flooding not like
(16:59):
mine, homeowners are beingforced to adapt or relocate
whether raising or raising.
The financial and emotionaldecisions are profound, but they
are also a critical part ofshaping how communities respond
to climate change.
Understanding the availableoptions and incentives can help
families make informed decisionsabout their future.
And that's the news you need toknow about.
All right.
(17:25):
Welcome back to the show.
Today we're diving into a wildstory about a landlord who got
duped by someone who seemed toogood to be true, and well, he
was.
It's a reminder that noteverything is as it seems,
especially in the world of realestate.
So stick around, because afterPatrick's story time, we're
gonna unpack the lessons hereand explore how landlords and
really anyone can avoid fallingfor a con like this.
(17:48):
And now, the stage is set, andPatrick is about to read a
story.
throat clear appearances can bedeceiving never has this adage
that's a new one good word thereproducers Never has this adage.
(18:12):
Adage.
What?
Have I
SPEAKER_02 (18:15):
read it?
SPEAKER_03 (18:18):
Adage.
What's adage then?
Like an old adage.
Adage?
Adage is like a story.
Yeah.
I think adage is a simile.
Alright, well that's word of theday then.
Yeah, word of the day.
Ray's adage.
We've had multiple words today.
Okay, take it back.
Appearances can be deceiving.
(18:38):
Never has this adage held moretruth than the story of a
seemingly refined man whosepolished demeanor masked a
scheme as cunning as it wasinsidious.
The tale begins with a landlord,a long member of the National
Association of IndependentLandlords, who prided himself on
his ability to judge character.
(18:59):
His apartments were meticulouslymaintained, and his tenants were
carefully vetted.
But even the most discerning eyecan be blinded by the glitter of
a well-spun illusion.
I love a good well-spunillusion.
Avada Kedavra.
Lumos Maxima.
It's a Harry Potter joke.
Don't worry about it.
Oh, yeah.
That went over my head.
(19:21):
Nerd.
One day, a man appeared at thelandlord's office.
A vision of sophistication.
He wore tailored clothes thatwhispered affluence.
And he arrived in a gleaming carthat exuded understated luxury.
His charm was effortless.
His manner is impeccable.
And then there was his story.
A poignant tale of heartbreakand urgency.
(19:43):
I've just lost my wife, hebegan.
SPEAKER_01 (19:46):
Patrick's going for the Oscar.
That's not what I was expecting.
He's lost my wife?
Not funny.
But that's not what I wasexpecting.
SPEAKER_03 (20:00):
Okay.
Getting the character here.
So he didn't do a backgroundcheck.
(20:26):
He decided that it was notnecessary for this polished,
grief-struck man.
That is correct.
That's what happened.
Thanks for the recap.
Today, time was of the essence,or so the man claimed.
The lease was signed withindays.
For the first month, all seemedwell.
The man settled into theapartment, his presence as
(20:46):
unassuming as his appearance wasrefined.
Rent was paid promptly, but asthe calendar turned to the next
month, the landlord's faith inhis new tenant began to falter.
No payment came.
Dun-dun-dun-dun-dun.
(21:26):
the landlord watched as hiscarefully curated property
became a haven for someone whohad no intention of honoring his
obligations.
As the pieces of the puzzle cametogether, a disturbing pattern
emerged.
The man was no victim ofunfortunate circumstances.
He was a practiced predator, acon man who had pulled the same
scheme on other landlords acrossthe city.
He moved from one property tothe next, leaving a trail of
(21:48):
unpaid rent and exploitedkindness.
By the time the landlordregained possession of his
apartment, the damage was done,not just to his finances, but
his trust and others the con manof course had already moved on
his next target none the wiserterrifying yeah it's like a
slasher movie you can make ahorror movie out of this this
(22:08):
story serves as a grim reminderappearances can deceive and even
the most polished facade canconceal the darkest of
intentions always always do yourdue diligence trust but verify
for the world of real estate orlife some lessons are learned
the hard way so yeah this is notjust Just a landlord tenant
(22:29):
screening story.
It's, I guess, for anybody who'salive.
Yeah.
I would say so.
All right.
Round of applause out there inthe audience for Patrick.
Great job.
Great reading.
You did great.
You powered through it.
I was hoping for more comedicvoices from you, but saying my
wife's dead.
I tried my best.
(22:49):
You promoted on that line.
That was your Oscar clip whenthey eventually nominated you.
Yeah.
Quite the story.
Terrifying to think that it'sthat easy to scam someone.
Yeah, right.
It makes you second guesseveryone you've ever given a
pass before.
Right, right, right.
I've never been a landlord, butI've also definitely been...
(23:10):
We'll lend money to friends orwhatever, acquaintances, take
someone for a, you know, dropsomeone off at their car.
It's like how quick someonecould frigging turn and just be
like a total villain and wreckyour apartment, wreck your life,
like ruin seven months of justlike all of this crap that this
dude had to go through.
I mean, it's, it's terrifying.
(23:31):
That's rough.
Yeah.
Really, really terrifying.
And I mean, like, you know, Ikind of made the yikes at it
earlier in the story, but like,I'm sure the more, one of the
big morals of the story is thejust, opting to circumvent the
typical process of going throughscreening, checking your
background, just a couple basicthings to do that would have
maybe set off some red flags.
Yeah, right.
(23:52):
I think more thorough tenantscreening could have definitely
made this whole situation beavoided to begin with.
But it's hard too.
I mean, like hearing it, likeI'd be susceptible.
I'm a big baby, I was going tosay.
Someone tells me their sobstory, I'm likely to believe it.
Yeah, I know.
So it's like, you know, you gotto be more careful.
Right.
Have you ever been tricked orscammed by someone?
(24:13):
Have you ever been scammed,Patrick?
I'm trying to think.
Have you been scammed?
Nothing major.
No, I've had credit card theftbefore.
Like I've gone shopping at amall and I swipe my card
somewhere and then a few minuteslater I got like an alert.
Oh, a bartender at Max Pizza Pubin Clifton totally yanked my
credit card and used it to buysome Nike stuff.
(24:35):
Yeah, I ended up getting those.
But that's like the closest I'veever gotten.
I've never had someone likeswindle me and likeâ my name's
Johnny B.
Goode, and I'm going to sell youthis Volkswagen.
And I get it, and it's likesquares for tires.
Yeah, I guess as close as I camewas I had a charge on Amazon for
like$100-something bucks.
I did not recognize.
So I started freaking out thatthey had access to my Amazon
(24:56):
account and my card andeverything.
So I went ahead and canceled mycards, changed my password to
Amazon, all this stuff.
And all my cards on Amazon Icanceled because I got the
charge on two credit cards onAmazon.
And then Iâ Come to find out,after I cancel everything,
change everything, I realizethat was my Amazon Prime
subscription automaticallyrenewing.
(25:18):
And...
So you plagued yourself.
I freaked out for no reason.
Yeah, and then it was a wholedisaster getting everything.
That surprised me when youreached out to them that they
weren't like, this is what thischarge was.
Well, you know, Amazon'simpossible to reach out, but
Capital One originally, theyflagged it.
They originally flagged thetransaction.
Did you, like, we did notrecognize this charge or
(25:39):
whatever.
Like, did you make this?
I was like, oh.
$180, like whatever, how muchthe annual subscription is.
I'm like, no, I definitelydidn't buy anything on Amazon
for that amount.
So I'm like, I'm freaking out.
It was a difference between likeAmazon charge because it was the
subscription versus you werethinking like, oh, it was a
purchase on Amazon.
Exactly, yeah.
Amazon Prime didn't even, yeah.
So anyways, I thought I was likemega scammed there, but then it
ended up being me being anidiot.
(26:02):
Yeah.
Well, I'm glad you got it.
Do you think, I like thisquestion.
Do you think it's harder totrust people nowadays?
How do you balance beingcautious without being overly
suspicious?
I'm definitely prettytrustworthy, I think.
It's probably to a fault.
I remember one time I got introuble at my very first job in
high school, which was JCPenney.
(26:23):
You worked at a JCPenney?
I worked at a JCPenney.
What did you do there?
Retail?
Yeah, I worked.
Correct.
It is a retail store.
But yeah, I was in the men'sdepartment.
I folded clothes, emptiedfitting rooms, asked customers
if I could help them findanything today.
One time I was talking to thesecustomers and they're asking if
we had any more flannel in theback or something.
(26:45):
I was like, yeah, come to theback.
I took them back to the backwarehouse room.
I was like, here's everything wegot because I didn't feel like
taking one of everything out.
And then after they left, mymanager just came like, who are
those people that you let intothe back of the store?
And I was like, oh, they werejust customers who want to see
something.
He's like, don't you ever dothat again because if they get
access to the back of the store,they can steal and all this
(27:06):
stuff.
I think that's a good example.
Is it?
Because you trusted thesepeople, you went into the
situation, and then you learnedfrom it, right?
Halfway through telling thatstory, I'm like, wait, why?
Why did I start with thatquestion?
JCPenney, JC Jeans, I should gobuy some new jeans.
That's right.
My brain broke down there.
I don't know.
I'm with you.
I think it definitely seems likeit's harder to trust people
(27:30):
these days, but I think it'sjust paranoia from social media
and news, and I'm always justlike, should I trust people?
There's so much.
We get such exposure to all thebad things happening in the
world, it's like hard to, youknow, you feel like a little bit
of distrust these days.
I don't know.
Maybe for like online.
So like when I call somebody,like I call like my card company
(27:50):
or like insurance or whatever.
And then they ask for like mysocial security number or
something.
I'm like, what do you need thatfor you?
Are you some sort of scammer?
But it's like, no, it's like thenumber that I called.
You know what I mean?
So like, I feel like if I'm onthe phone with somebody or
somebody reaches outelectronically, I'm probably
very suspicious.
But if you're like a real life,like human being in front of me,
it's like, oh, they can't lie.
I guess is how...
It's physically impossible forthis person to lie to me right
(28:13):
now.
I feel that.
Yeah, so we kind of talked aboutit earlier, but with
applications and screening andgoing through the normal
processes of not going around,not falling into this guy's
trap, were there any otherthings you can think of that the
landlord could have donedifferently here?
I think just having a system andnot deviating from it.
It's like if you have a tenantscreening process, you have a
list of things that you do, andyou've got to make it consistent
(28:35):
for everybody, right?
Like, oh, credit report,background check, references,
call the references for the pastresidencies or whatever like
just having a system and even ifthe person seems reliable or
even if the person is in kind ofa tough situation you know it's
important to like do your duediligence not just take the
person's word at face value butactually like investigate for
(28:57):
yourself yeah I just say likedon't cut corners in anything
but like goes to say and not tobe pessimistic but it's like you
could follow all the right stepsand something like this could
still happen so it's just likeknowing the risks knowing those
kind of things going into it issmart like having preventative
measures like backed up like agood lease contract and we've
talked about that many manytimes at this point but it's
(29:17):
like make sure that you havelike a pretty foolproof document
that if something goes down thatyou're you're protected that you
have like something to protectyourself right so
SPEAKER_02 (29:26):
yeah good point
SPEAKER_03 (29:27):
all right well that's about all for the story
time with patty thanks forreading we shouldn't be allowed
to name any of these segmentsbecause every week they're
different someone someone's gotto email us in and then give us
a segment.
Questions at therentishpod.com.
Patrick, what do you say we swapfrom story time and play some
(29:48):
games?
I love games.
Okay, here we go.
You're back, and it's time forthe fun and games segment, as
we're calling it, or if you havea better idea for the segment
out there, fun and games.
I don't know, you know,something like that.
Real estate terms and fun.
Real estate fun.
(30:08):
Real estate fun.
Real fun.
Real fun.
Real fun.
Boom.
We nailed it.
We nailed it.
Okay, yeah, real estate termsand fun here.
We have a special guest.
Joining us on the show today isMary Regano.
She's a senior marketing programmanager at Enago.
Mary, thank you for being on theshow.
SPEAKER_00 (30:25):
Thanks so much for having me, guys.
SPEAKER_03 (30:27):
Yeah, tell us a little bit about yourself and
where you come from, what it isyou do.
SPEAKER_00 (30:31):
Sure, yeah, definitely.
So like you said, I am a SeniorMarketing Program Manager at
Enago.
I've been with Enago for justover a year now.
But prior to that, I had,gosh...
almost 15 years of experienceworking across tech companies
and in sales and marketingorganizations.
(30:52):
And even at one point in that 10to 15 years, got my MBA from
Chicago Booth.
So lots of interesting workexperience.
But then in addition, about fiveyears ago, I started investing
in real estate on the side.
I have properties in Chicago andin Cincinnati and just have been
(31:14):
kind of slowly working onbuilding out that portfolio and
I'm learning a lot as I go asmany real estate investors would
probably attest and say the sameand it's been a lot of fun but
also brought on many, manychallenges.
Cool.
SPEAKER_03 (31:31):
Yeah, well, it's good to hear that someone as
experienced as you still saysthat they're learning a lot
because Patrick and I here,we've got a long ways to go.
I think we'll catch up to you.
Mary, do you want to introducespecifically the game that we're
going to be playing?
SPEAKER_00 (31:44):
Yes.
Are you guys familiar with thegame Taboo?
SPEAKER_03 (31:48):
I invented Taboo, Mary.
Okay.
So when the producers told us,hey, we're going to play Taboo,
my co-host Patrick said, and Iquote, I'm the Taboo expert.
The Taboo expert.
I said master, but yeah.
Master, sorry.
Oh, my apologies.
Show some respect.
I'm familiar with Taboo.
It's not a game I play all thatoften, but I played it many
(32:11):
times growing up.
SPEAKER_00 (32:12):
Okay, awesome.
Well, we're going to play RealEstate Taboo.
So you guys, one of you...
One of you have been given aterm.
that you know about real estate.
And you're going to try to getthe other person to guess what
that term is.
But you can't use the certainwords that are included, just
(32:37):
like if you were playing regulartaboo.
So any of those very commonwords that make it easier to
guess what the term is.
So as long as you avoid thosewords, then you can do what you
need to do in order to try toconvey what this term is to the
other.
SPEAKER_03 (32:52):
Not a problem.
He's ready to roll.
He's got a lot of confidence.
He's got so much confidence.
I think he said what?
You can get me to guess it ineight seconds?
Eight seconds.
Let's do eight seconds.
Okay.
It's going to be great radio.
It's like, welcome to the game,and the game is over.
All right.
I'm ready to roll whenever youare, Patrick.
(33:13):
Patrick's the question master.
He's going to be asking metoday.
Let me open the clue, and thenwe can go.
Opening the clue.
There he goes.
All right.
This word, I actually have noidea what it means in real
estate terms, but I have no cluewhat the term means in real
estate terms.
But the word, without using thetaboo words, is the part of your
body between your shoulder andyour wrist.
(33:35):
Arm?
Yeah, that's the word.
SPEAKER_02 (33:39):
What?
Hold on a second.
SPEAKER_03 (33:43):
I have no idea what it means in real estate terms.
So what, the arm bones connectedto the hand bone?
What are we doing here?
It's just arm?
The word, the term I was given,I will read you.
It says real estate taboo.
Term arm.
Taboo words, leg-handed boxing.
Oh
SPEAKER_00 (34:00):
my God.
Okay, so you just got the, okay,very cool.
SPEAKER_03 (34:05):
Call me baffled and impressed because, yes, you did
not use any of the taboo words,but you got it in less than
eight seconds.
Well, duh.
Did you think I was lying toyou?
I think we need some educationhere.
SPEAKER_00 (34:20):
Yeah, I can imagine.
I'm sure you guys are bothwondering what the heck does an
arm have to do with real estate.
SPEAKER_02 (34:26):
We
SPEAKER_00 (34:27):
are.
So arm is not actually the word.
Arm stands for adjustable wrist.
rate mortgage.
It's an ARM.
SPEAKER_03 (34:40):
I would like to see you get that in eight seconds.
How about that, Patrick?
That makes so much more sense.
Say it again, Mary.
What's it stand for?
SPEAKER_00 (34:47):
The term is an adjustable rate mortgage.
Or ARM, if you put all of thosetogether.
Adjustable rate mortgage.
I could
SPEAKER_03 (34:56):
never have gotten you to guess adjustable rate
mortgage.
Yeah,
SPEAKER_00 (35:00):
I was wondering how you were so confident.
SPEAKER_03 (35:03):
That's impressive.
Yeah.
SPEAKER_00 (35:05):
Well, okay, now that you know what the actual full
term is, are you guys familiarwith what an adjustable rate
mortgage is?
SPEAKER_03 (35:14):
Maybe, actually.
I'm just going to use contextclues to guess that it means the
rate of your mortgage, like therate that you pay for your
mortgage, is adjustable.
SPEAKER_00 (35:28):
I mean, that's correct.
It's an a very simplifieddefinition for it, but yes, that
is true.
So an adjustable rate mortgageis going to be, so you can have
a fixed rate mortgage rate.
So you buy your house and you'vegot a 5% fixed rate mortgage on
(35:50):
it, which means that for thelife of that mortgage, let's say
you signed a 30 year mortgagefor the life of it, you're going
to pay 5% interest on it.
A adjustable rate mortgage is alittle bit more complex than
that.
So what it does is there's aninitial period that's a fixed
rate.
So let's say you lock in 5% forthat fixed rate portion.
(36:13):
After that initial fixed rateportion is over, it's typically
five years, maybe seven, 10years.
These are kind of the generalbuckets that we typically see.
After that period, it becomesadjustable.
And what that means is that itcan adjust based on market
conditions.
So you kind of put yourself onthe up to the world of, you
(36:37):
know, however interest rates arefluctuating.
So it could go down or it couldgo up.
You don't really, you don'treally know until that period
ends.
So there, like I said, there'ssome complexity to it and
there's definitely some, alittle bit less complexity
knowing of, of, you know, what'sgoing to happen.
(36:58):
Whereas with a fixed ratemortgage, you kind of know what
your payments are going to looklike in, in the life of the
loan.
SPEAKER_03 (37:04):
So, so it's riskier than a fixed rate mortgage, but
so, okay.
So I have a question is, iswhen, when, when decide, cause
you get to choose whether you,you go with a fixed rate or
adjustable rate mortgage.
Is that right?
Like when you.
SPEAKER_00 (37:18):
Yeah.
As long as the bank offers it.
So not every single, and not inevery situation and not every
bank is going to offer it, butoften often there are options
for you to do either fixed oradjustable rates.
SPEAKER_03 (37:31):
When you're purchasing a house and getting
the mortgage and all of that, isgenerally the strategy, if
you're buying or getting themortgage in a rough time where
interest rates are really high,in that case, you want to go
with adjustable in hopes thatit'll go down.
And if interest rates are great,then you probably want to do a
fixed rate.
That way, you have that interestrate over the course of the
(37:54):
mortgage's lifetime.
Is that the a basic strategy oram I wrong on that?
SPEAKER_00 (37:58):
No, no, no.
That can be a strategy.
So typically with an adjustablerate mortgage, you do get lower
rates during that fixed period.
So it's an incentive to want togo with that option over doing
the fixed rate option.
And like you said, if you'rebuying a house now or in the
(38:18):
last year or two and the rateshave been kind of on the high
end, an adjustable rate mortgagemight be something that you want
to consider especially if youbelieve that the rates are going
to eventually go down.
Now, again, there's no guaranteeyou could have it wrong.
You could read the market wrongand the rates are only going to
go up and then your costs aregoing to go up in the long term.
Another reason why people mightlook to do an adjustable rate
(38:43):
mortgage is if you know you'reonly going to own the property
for a short period of timebecause then you get to
capitalize on that lower fixedterm rate in the short term and
then potentially be selling orgiving up ownership before you
even hit the variable rates.
So there can be differentreasons for why you would use
(39:03):
it, but it is definitely ariskier option than going with
just the fixed rate mortgagewhere you know what you're going
to get every month, every year,as far as the interest rates
that you're going to be paying.
Interesting.
SPEAKER_03 (39:15):
Gotcha.
Get it?
It's interesting.
Oh, my.
You did not plan that, did you?
Yeah.
No.
That was a good one, though.
Awesome.
All right.
Cool.
Well, we learned a little bittoday.
That was a fun game.
We're going to play this againsometime and get a term that's
not a body part.
A real estate term that's not abody part.
I would be so screwed if I hadthe whole definition.
SPEAKER_00 (39:37):
It was impressive.
I was impressed.
SPEAKER_03 (39:40):
Yeah.
Very impressed.
Mary, thank you again for comingon the show.
We really, really appreciate it.
SPEAKER_00 (39:44):
Thanks for having me.
SPEAKER_03 (39:48):
Well, that was such a fun game.
That was a fun game, wasn't it,Patrick?
SPEAKER_02 (39:56):
So fun.
SPEAKER_03 (39:57):
Yeah.
Thank you again, Mary Regano,for being on the podcast and
playing some real estateterminology games with us.
It was a good time and a greatepisode.
Patrick, thank you for beingsuch a good co-host and
thoroughly reading the scripts.
You're welcome.
Did we come to a decision?
What's better, raise or raise?
I'm going with raise.
I'm also going with raise.
Make sure to tune in next timefor another episode of the
(40:20):
Rentish Podcast.
I'm Zach, co-host Patrick.
You can follow us on all thesocial feeds.
If you're listening on Spotifyor any of those normal podcast
apps, Apple Podcasts, whereveryou listen to, drop us a like,
give us a follow, turn on thenotifications if you want to be
notified when new episodes goonline.
And then you can also email theshow questions at therentish
(40:40):
pod.com until next time happyrenting see ya do we have a
catch sign up happy rentinghappy renting go rent or bye bye
that's the catch for the richestpodcast bye bye bye bye all
right bye everybody
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