March 31, 2025 • 31 mins
In episode five of The Rent-ish Pod, hosts Zach and Patrick kick things off with another fascinating segment of Proptology, where they explore the history and unique design of the iconic Space Needle. Then, brace yourself for a jaw-dropping Tenant Horror Story—this time, it’s all about the infamous Chicken Mansion and the wild rental nightmare that unfolded there.
To wrap things up, real estate expert Mary Ragono joins the show for a fun and educational game of 20 Questions, where Zach and Pat put their knowledge to the test and learn a brand-new real estate term along the way.
🏡 From architectural deep dives to tenant horror stories and expert insights, this episode has something for every real estate enthusiast!
🎧 Tune in now for laughs, lessons, and landlord woes!
📩 Have a real estate question or a horror story of your own? Email us at questions@therentishpod.com—we’d love to hear from you!
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.
UNKNOWN (00:00):
you
SPEAKER_02 (00:02):
What's going on, everybody?
Welcome to the Rentish Podcast.
I'm Zach, and I'm here with myco-host, Patrick.
SPEAKER_03 (00:09):
What up?
SPEAKER_02 (00:10):
We are your hosts today, a podcast, The Rentish,
that's what we are, and we'regoing to talk about rental
properties, and we're hosted bytwo guys that work in the real
estate industry and sort of knowwhat they're talking about.
Sort of?
Sort of, yeah.
Is that what I was supposed tosay?
I think you can say whatever youwant.
You can comment on what we knowor what we don't know.
(00:30):
I think in the script, youtypically are like...
But mostly we don't.
But mostly, ah.
I forgot to have the script openthis time.
No, it's okay.
Hey, this is the beauty of theRentish podcast, Patrick, is
that we can be organic, off thecuff.
Beautiful.
Yeah.
Just like that.
That was an ad lib, wasn't it?
That was.
That was straight off the dome.
Yeah.
You're getting the Oscar.
(00:50):
Yeah.
So you're going to have funhearing us talk to experts,
learning about the real estateand property management world,
or just laughing at how littlewe know along the way.
Today's episode is going to be agood one, Patrick.
I got a feeling I've got afeeling like it's gonna be a
good one you know I got afeeling I'm excited can we
legally play the Black Eyed Peassong just copyright or just get
(01:14):
banned banned on Spotify thankyou guys for listening the
Rentish podcast we're having alot of fun we're gonna have a
great chock full episode of abunch of awesome real estate and
property management stuff we'vegot a tenant horror story which
is our producer Miss A'sfavorite segment we're gonna do
all about chickens So get readyfor chicken and chicken sound
(01:35):
effects.
They're happening.
And then we're also going totalk about the historic
properties, importantproperties.
We're going to talk about theSpace Needle.
And then we might play a littlebit of real estate property
management games.
We'll see what happens.
We'll see what we have time for.
As always, if you are listeningto the show, if you love the
show, if you want to hang outwith us and play games with us
(01:56):
or ask us questions, you canemail questions at
therentishpod.com.
Are we going to have like alistener games segment now where
we play games with thelisteners?
I think I just pitched the idea.
So maybe down the road we coulddo that.
Yeah.
That sounds fun.
Yeah.
If you have an idea for a realestate or property management
type game or topic, email theshow.
We'd love to talk about it.
(02:22):
Patrick, I think you should leadit off.
You've got a story for me.
Let's do it.
Yeah.
This story is called ChickenMansion.
Okay.
Okay.
It's like the Haunted Mansion,but foul.
Correct.
Yeah.
I was told to say by ourproducer, we say, all right,
this week's story is a cluckingmasterpiece.
(02:46):
It comes from Dave, a propertymanager out in Pennsylvania.
And let's just say things got alittle foul, like spelled with a
W.
Yeah, I got that.
That's the joke.
We're going to work on gettingthe soundboard, but that would
have been a big, fat burp.
like the sound when you getsomething wrong on Jeopardy.
So Dave gets a call from hissecond floor tenants, right?
(03:09):
And they're freaking out.
There's water coming through theceiling.
That's the tenant voice, just sowe have context moving forward.
Yeah, we should have stated thisat the beginning of the tenant
horror story segment, is thatPatrick will be doing the voices
in his masterful way.
Yeah, as the characters.
So, tenant, there's water comingthrough the ceiling.
So Dave grabs his keys and headsover.
(03:30):
When he He gets there.
Sure enough, there's waterdripping from the ceiling and
spreading fast.
He adds up to the third floor,knocks on the door, and the
tenant opens up lookingcompletely unfazed.
Dave glances inside and freezes.
Right there in the middle of theliving room is a blown up
swimming pool.
Okay.
Oh, no.
This is no kiddie pool.
It's one of those 24-inch deepfamily-sized monsters.
(03:54):
Oh, my God.
It's filled with water justsitting in the living room
dripping through the floor.
I think I'm speaking as Daveright now just for context.
I'm Dave, the property manager.
But now,
SPEAKER_01 (04:04):
it's for my kids.
SPEAKER_02 (04:06):
Dave didn't ask.
He was still trying to processwhat he was seeing.
But then things got worse.
Dave glances over at the kitchenand something catches his eye.
The cabinet doors are gone.
Like, completely removed.
In their place, chicken wire.
I like where this is going.
Dave steps closer and realizesthere are chickens.
A dozen live chickens living inthe cabinets like it's their
(04:29):
personal condo.
SPEAKER_01 (04:30):
Where else am I supposed to keep them?
SPEAKER_02 (04:34):
At this point, Day's brain is fried.
He mutters something aboutneeding to write a letter and
leaves.
Later, he calls me, still inshock, and I ask him the most
important question.
Did you ask what they werefeeding the chickens?
Dave, now that can't be the mostimportant question to ask in
that situation.
(04:54):
Yeah, that's the end of thestory.
That's the end of the story.
All right, so dude's keepingchickens in his apartment.
Yeah, right.
And he's got a pool.
That's the more impressive thingto me.
Also, side note, it is one ofthe– have you ever had an
apartment flood or like a placewhere there's a water leak or a
pipe burst?
Yeah, it's like the basement ofone of my– Basement?
Yeah.
All right, let me tell you.
As a renter, there is like noworse feeling than like coming
(05:17):
home and looking up at yourceiling and seeing one of those
bubbles that just water iscollected, and you're like, I'm
screwed.
This thing is a ticking timebomb.
Eventually, it's just going toget water everywhere.
I don't know what to do.
It's just getting lower andlower and bigger.
It's terrifying.
I have not had one of those.
Also, with this story, theswimming pool, and he says it's
(05:39):
for his kids.
It's like, oh, okay, never mind.
That's not a problem.
It's nice to think out there.
It's like, oh, I'm going to makethis apartment.
It's going to be a homey place.
We'll have the couch there.
We'll have the bookshelf there.
SPEAKER_03 (05:51):
We'll have the swimming pool right
SPEAKER_02 (05:52):
there.
Bad idea.
I did almost have a chicken as aroommate in college.
Okay.
SPEAKER_03 (06:00):
I'm intrigued.
SPEAKER_02 (06:02):
Continue.
My friend Emily, her family hadlike a farm and my roommate
Anthony was like moving out andso I felt kind of lonely and I'm
like I want another, I wantAnthony 2.0 and I asked my
friend Emily if I could borrowone of her chickens as my
roommate and she's said yeahshe's like next semester i could
totally have the chicken i wouldprobably need to get diapers so
(06:22):
it didn't poop everywhere so iwas gonna have a little chicken
anthony jr walking around myapartment in a diaper i was
really excited to get thischicken second semester rolls
around i asked emily where's thechicken and the chicken passed
away unfortunately oh no uh orwas butchered you know
SPEAKER_03 (06:37):
i
SPEAKER_02 (06:39):
don't know what the situation was with the chicken
but yeah i anthony jr didn'tmake it unfortunately oh no yeah
so do you is that still a lifegoal for you you're like, one
day I'm going to get that petchicken.
Yeah, I would love to have achicken.
That semester, I ended upgetting a guy named Nick, not a
chicken, just like a human.
Nick was the replacementroommate.
I would still love to have achicken.
Are you going to name thechicken Anthony?
(07:01):
Yeah, I'd be at this point.
For legacy's sake.
Okay, Patrick, thank you forreading the story first.
Story comes, can I read where wegot the story?
Can I tell it?
Yeah, so we got it fromopenphone.com, so it's a blog.
Apparently this is a real truestory.
It just amazes me.
I'm just I'm sure we're going tokeep saying this over and over
again as we do these tenantsegments.
It's like you always think likeyou're like, oh, you know, I'm
(07:22):
going to be a good renter.
It's like there's bad rentersout there, but you don't realize
how bad some of them actuallycan be.
Right, yeah.
Until you see it in contexthere.
But yeah, keeping chickens, poolin the living room.
Like let's say I'm a bad renter.
I can always point, hey, atleast I don't have an inflatable
swimming pool and chickens inthe apartment.
You know, it could be worse.
It could be worse.
(07:43):
Well, I think we've learnedrenter's insurance, right?
What can we take away?
Isn't that a takeaway?
Let's bring this back to realproperty management.
Yeah, I think they want us totalk about real stuff
eventually.
Insure your stuff.
Renter's insurance is probably agood...
Property insurance is thelandlord of this guy.
Think about...
This pool, one wrong pinprick,and then all of a sudden you've
got a pool's worth of waterdamage inside your house.
(08:06):
So I don't know.
It's a scary situation, but alsojust you got to make sure that
you're clear in your lease termsabout raising poultry.
Yeah, there needs to be apoultry clause in every lease.
The poultry clause.
I like that.
Let's start that.
The poultry clause.
Okay, cool.
Thanks, Patrick.
That was a good segment.
I think we're still calling itthis.
We're going to switch gears toproptology, everybody.
(08:27):
That's the segment where we talkabout historic properties.
properties of greatsignificance, landmarks,
buildings, whatever it is.
And this week on Propetology, weare going to be talking about
the Space Needle.
Yes, indeed.
Have you ever been to the SpaceNeedle?
Not.
I was going to ask you the samething.
I've never even been to thePacific Northwest at all.
I would love to go to Seattle.
I've got a buddy in Seattle.
(08:47):
Yeah, no, it's been on my listfor a long, long time.
I mean, Seattle, it seems like acool place.
The Space Needle, obviously,probably one of the more iconic
towers in the United States.
So to describe it, it's looks,and I'm not even joking with
you, spacey.
Yeah, oh, that's a great word.
Like, when you look at this,does it not immediately just
give you the vibe where you'relike, this looks like it would
be in, like, a Jetsons episode.
(09:09):
Oh, it very much, it is thefuture.
Yes, it's future.
It's kind of got that, like,retro-futurism kind of vibe
going on, which I really like.
What people in, like, the 60sthought the future would be.
It's an observation tower inSeattle, Washington.
Of course, it's considered to bean icon of the city.
The tower's saucer-shaped,quote, top house, which I didn't
know that that's what it wascalled.
The top house offers visitorsSeattle's only 360 degree indoor
(09:32):
and outdoor panoramic views ofdowntown.
Mount Rainier, Pudget Sound, andthe Cascades in the Olympic
Mountain Ranges.
So, okay, so the top part iscalled the Top House.
The Top House.
Is everything under the TopHouse just like useless?
Is it just like, what?
Yeah.
Took you a second.
(09:54):
No, well, it looks to me fromthe structure, I mean, I've
never been, you've never been,but it looks to me like it's
just like one long elevatorshaft yeah that's kind of what
it's looking like to me and it'skind of got like the the support
beams that go down which iswhich is cool it almost looks
like a building that likeshouldn't be very sturdy yeah
but obviously it is it's solidyeah solid building patrick what
(10:14):
about some history why don't wetalk some history yeah let's
talk about some history soedward e carlson the chairman of
the 1962 seattle world fair hadan idea for erecting a tower
with a restaurant at the world'sfair after visiting the stuger
tower in germany anotherbuilding I'm not familiar with.
So the World's Fair, designedfor the World's Fair.
(10:34):
I didn't know that.
I also didn't know that.
I knew the St.
Louis Arch was a World Fair.
It was?
Really?
Maybe I made that up.
I thought it was.
It was made for the St.
Louis World Fair.
I'm almost positive about that.
Anyways, not to just getsidetracked.
The one thing that I knew...
When I think of World's FairAmerican architecture, it's
(10:58):
funny, but the first thing Ithink of is the Knoxville Sun
Sphere.
It was featured in a episode ofthe simpsons like like 25 years
ago oh but it's like i missedthat a totally forgotten it's
this giant ball oh on this towerin the middle of knoxville no
one ever thinks about theknoxville sun sphere as a like
(11:19):
as a world's fair importantthing or whatever but like the
world's fair did basically havea hand in creating the space
needle and this the space needlethat's a thing that's a name
like you tell any americanwhat's the space needle they're
probably gonna at least say, oh,it's that big pointy thing in
Seattle, Washington.
You know what I mean?
So the World's Fair that yearhad a space age theme.
(11:41):
So obviously a flying saucerneeded to be incorporated into
the design.
So architect John Graham joinedthe project, bringing his
expertise from designing theNorthgate Mall in Seattle and
incorporated that revolvingrestaurant feature at the very
top.
Early suggestions for thetower's name.
You ready for this one?
Yeah.
Included Space Needle.
(12:03):
Okay.
Obvious choice.
Yeah.
Obvious choice.
Number one.
Number one, Star Tickler.
That's an amazing name.
Yeah, I don't know about thatone.
And then the top hat.
Okay.
And Big Skookum.
Okay.
I repeat, Big Skookum, which islike a Looney Tunes character, I
(12:23):
think.
I mean, I like Star Tickler.
I honestly think that that was ablunder not choosing Star
Tickler.
Justice for Big Skookum.
Or Big Skookum.
Star Tickler.
Have you been to the StarTickler in Seattle, Washington?
Upon completion in April 1962,it was the tallest structure
(12:43):
west of the Mississippi River,surpassing the Kansas City Power
and Light Building and Seattle'sSmith Tower.
Okay.
So, held the record for a longtime.
Certainly not the talleststructure now, you have to
imagine, right?
Maybe we should do that one day.
Rank the tallest buildings inAmerica.
We should do that one day.
That would be actually veryinteresting.
That would be a fun segment.
See where they are.
All right, fun facts.
(13:04):
It has the world's first andonly revolving glass door, which
is 500 feet above Seattle.
Patrick, are you scared ofheights?
UNKNOWN (13:13):
Um...
SPEAKER_02 (13:14):
Yeah.
No.
Yes.
Yes, I am.
That sounded real convincing.
I am.
Yeah, I get my legs get reallyshaky.
Get a little shaky.
I'm not opposed to going toheights, but I definitely get a
little...
So does a 500 feet highrevolving glass floor sound
enticing to you at all?
I would do it.
I wouldn't like it, but I woulddo it.
(13:36):
For experimental purposes, youwould do it.
Yes, I would definitely do it.
I think that'd be interesting.
Yeah.
It definitely gets me a littleanxious, but I feel like I can
do it.
I just need to center myself.
But then it's like, all right,I'm I'm ready to be on the solid
floor.
We say he's shaking his head.
He's like, thumbs way down onthat one.
So the Space Needle wasconstructed in just 400 days.
400 days.
(13:56):
So a little over a year to makethe Space Needle.
The iron workers who built thismiracle of construction were
being paid a wage of, get readyfor this one,$3.92 per hour.
Or 40 an hour adjusted forinflation.
See, 40 an hour for inflation isnot bad.
That's crazy.
It's inflated that much in thepast?
Wow.
(14:17):
a construction job or somethinglike that, but imagine getting
paid$3 a night.
I know that inflation's a thing.
But imagine being that high upand you're like, I'm making$4 a
dollar.
It was the site of a famousApril Fool's prank.
In 1989, a local TV stationaired an April Fool's prank
segment that the Space Needlehad fallen over.
Despite the flashing alertduring the segment telling
(14:39):
viewers it was a joke, emergencycall lines were flooded with
calls as the Space Needle itselfreceived more than 700 calls.
That seems like a mean prank.
That idea That seems like a verytragic thing that could happen.
Yeah, totally.
Whoever came up with that, Ihope they got fired.
That's not a funny prank, yeah.
Not at all.
It harbored a secret timecapsule from the 80s.
(15:01):
Staff buried the capsule in 1982inside one of the tower's
concealed steel beams on thetower's observation levels.
It was later found and opened in2017.
Letters, photographs, postcardswere all found inside, and a new
time capsule with some of the1982 artifacts will be opened in
2062.
Oh, okay.
Pretty cool.
(15:21):
Did you ever make a timecapsule?
I didn't, but I've always wantedto find a time capsule.
I just don't know where to look.
You gotta go like geocaching.
Yeah, I guess so.
Have you made a time capsule?
I did.
I remember making a time capsulein the first grade.
Buried it in a shoebox.
That thing is probablydisintegrated at this point.
(15:43):
I don't even remember what wasin there.
It used to have a mysteriousmascot We got a couple more
facts here.
In 1997, a yellow personifiedSpace Needle mascot named
Sneedle was created to celebratethe Tower's 35th anniversary.
It was unfortunately veryshort-lived.
We got a photo of the Sneedle.
There you go.
(16:04):
Oh, that's kind of fun,actually.
It's cute.
It looks like a Muppet.
Yeah, it does look like aMuppet.
Hi-ho.
Yeah, it's cute.
It sounds like a Pokemon.
I'm pretty sure there is thisNeedle Pokemon, too, if I'm not
mistaken.
So we got some movie facts here.
Okay.
In the Elvis Presley movie, ithappened at the World's Fair in
1963.
This sounds like a movie thatmaybe you've seen.
I haven't seen it.
(16:24):
Okay.
Is that the most famous moviethat this Needle is featured in?
That can't be possible.
According to the script writers.
That is insane.
We got that here.
What about iCarly.
I don't.
You know that show?
You got a clap from theproducers over there.
Yeah, they know what's up.
Have you never seen iCarly?
I know iCarly.
It's a brand of Cosgrove, right?
Yeah, yeah, yeah.
That whole thing takes place inSeattle.
(16:45):
Obviously, it's filmed in somestudio in Hollywood, but there's
shots of Seattle where theylive.
Got it.
UNKNOWN (16:53):
Okay.
SPEAKER_02 (16:53):
I just got to say, I don't appreciate you and
everything you stand for.
Because how in the wide world ofsports is iCarly the first thing
you think of over Frazier?
I haven't seen Frasier.
You've never seen Frasier?
I've never seen Frasier, no.
What?
Yeah, that's like that oldsitcom, right?
This is the oldest I've everfelt.
I'm like, I'm talking.
Hey, baby, I hear the blues ofcollege.
(17:15):
Come on, man.
Right over my head.
No.
You don't know iCarly?
But I know the show.
I just never watched the show.
Frasier is like, it's a, it's a,who am I thinking of?
Who's the actor?
He played the Beast in X-Men.
Oh, Nick Holt.
Nicholas Holt.
No, no, no.
The old Kelsey Grammer.
(17:35):
Thank you so much.
Yeah.
So Kelsey Grammer was in Cheers.
And then you've seen Cheers.
I've heard of Cheers.
I've never seen it.
Oh, my God.
I know what it is.
It's like the bar.
The bar sitcom.
It's like the bar.
It's the bar sitcom.
Yeah.
Well, okay.
So a very popular character onthat show, Frasier, played by
(17:57):
Kelsey Grammer, spun off a showwhere he's a radio DJ in
Seattle, lives with his dad, hisbrother Niles.
Excellent sitcom.
What's the spinoff?
Is that Wings?
Wings.
Wings.
I've seen an episode of thatone.
We're getting a lot of handmotions and excitement from the
producer galley there.
(18:18):
It's funny, though.
There's a couple big things.
I called out Frasier, iCarly.
You said iCarly.
There's the Elvis movie here,but it's not that prominently
used in film or TV.
I feel like Seattle, though, isnot one of those cities.
It seems like everybody in theU.S., according to Hollywood,
lives in either New York or L.A.
for the most part.
Very rarely do you get stuffshot.
(18:40):
Location, I can't even think ofthe most recent movie that I saw
that the location took place inSeattle right yeah same
underutilized location but I'veheard it's beautiful obviously
the nature of Seattle issomething to go for like I have
friends that go out there thatlive out there that like love
skiing and hiking in themountains and the lake is the
ocean it's like you got so muchbeautiful stuff
SPEAKER_01 (19:00):
on there it's like
SPEAKER_02 (19:01):
it's a prime spot I feel like you put more fiction
writers should utilize Seattle Iagree but yeah that's that's the
space needle were there any funfacts or trivia that we missed
out on or anything cool that youwant to shout out about the
Space Needle, email questions attherentishpod.com.
Okay, Patrick, so we're going togo back to the fun and games
section of the show.
We've been learning a lotrecently, but now I think it's
(19:22):
time for us to play a littlegame.
SPEAKER_01 (19:24):
Yay! I love games.
SPEAKER_02 (19:26):
Yeah.
We're going to play so many funreal estate and property
management games along the wayof the journey of the Rent-ish
podcast.
And today, we have a veryspecial guest joining us for our
fun and games segment here, MaryRegano.
She's a senior marketing programmanager at a Inago.
Mary, thank you for coming on tothe show.
SPEAKER_00 (19:44):
Thanks so much for having me.
Yeah,
SPEAKER_02 (19:46):
we're excited to have you.
Can you tell us a little bitabout yourself and kind of where
you came from?
What's your story?
SPEAKER_00 (19:51):
Sure.
So yeah, I've got, gosh, over10.
Actually, I think we're comingup on 15 years of experience.
I graduated with an MBA fromChicago Booth, but I've worked
at a number of different techcompanies, including Inago
Property Management Software.
And then in addition to that,I've actually been been
(20:12):
investing in real estate for thelast five or so years, just
trying to kind of slowly build aportfolio between Chicago and
Cincinnati.
And yeah, it's been a wild rideand really enjoying it and
learning a lot as I go.
SPEAKER_02 (20:28):
Awesome.
Well, you're probably smarterthan both Patrick and I combined
in this little podcast studio.
Times 10.
There's some multiplication inthere.
But you have a game for us toplay.
Is that right?
SPEAKER_00 (20:40):
I do, yes.
SPEAKER_02 (20:42):
Okay.
SPEAKER_00 (20:43):
Are you guys ready for it?
SPEAKER_02 (20:45):
Yeah, what's the game?
Yeah.
SPEAKER_00 (20:47):
All right.
Well, have you guys ever playedthe game 20 questions?
SPEAKER_02 (20:50):
Of course.
Yes.
SPEAKER_00 (20:52):
This was a game that I used to play a lot when I was
a kid in car rides specifically,you know, pick something out the
window and then try to guesswhat it was.
This one will not be an out thewindow one, but I have a term
here that I am thinking of andI'm going to let you guys ask me
a bunch of questions to try tofigure out what this term is.
(21:14):
And then let's hope that youguys are able to, through your
questioning and your sleuthing,able to eventually get to what
the real estate term is.
SPEAKER_02 (21:25):
Awesome.
Are you ready for the task, Pat?
I'm ready.
Can you keep track on yourfingers?
I will keep track.
SPEAKER_00 (21:33):
We won't be strict on the 20 questions.
SPEAKER_02 (21:37):
Okay, cool.
How should we start, Patrick?
Do you want to go first or doyou want me to go first?
You go first.
I've got the task of counting.
Does it have to do withdocumentation?
SPEAKER_00 (21:49):
It does, yes.
SPEAKER_02 (21:50):
Oh, wow.
Okay.
SPEAKER_00 (21:53):
Good first question.
SPEAKER_02 (21:54):
Okay, we better just quit here because that's as good
as we're going to get.
That's our first yes.
Okay, I got a question.
Is it related to specifically torental properties?
SPEAKER_00 (22:05):
It is not, no.
SPEAKER_02 (22:07):
Okay.
SPEAKER_00 (22:08):
Well, you said specifically to rental
properties.
No, it's not specific.
It can be for all
SPEAKER_02 (22:12):
properties, essentially.
Correct.
Got it.
Is it something the tenantinteracts directly with?
SPEAKER_00 (22:17):
No.
No, it is not.
That
SPEAKER_02 (22:18):
would be no because it's not like specific to
rentals.
You know what I mean?
But rentals could be more than,you know, tenants rentals.
Oh, okay.
You know, it couldn't just be,you know.
Okay.
Okay.
That's three.
We're making great progress.
Okay.
Does it have to do with thepurchasing of a property?
SPEAKER_00 (22:38):
Yes, it does.
SPEAKER_02 (22:39):
Does it cost money to acquire this document?
SPEAKER_00 (22:43):
Yes.
SPEAKER_02 (22:44):
Is it related to document?
Is it for sure a document?
Yeah, that's a good point.
Is that a question?
We didn't really narrow it down.
Okay, yeah, let me, is the term,is it the name of a document?
SPEAKER_00 (22:56):
Yes, it is.
SPEAKER_02 (22:57):
Okay, so that clears that up.
That clears that up.
Now we just got to think aboutdocuments.
Yeah, and we have 14.
Yeah, I bet you we don't evenknow 14 documents.
I was going to say, yeah.
Okay.
I got one, I got one.
Yeah, go for it, Patrick.
Does the document requiresignatures from multiple
parties?
SPEAKER_00 (23:15):
Yes, it does.
SPEAKER_02 (23:16):
I don't really know.
know how that helped us.
I just got excited.
Hey, we got to do everything wecan to try our best here.
Oh, boy.
Okay.
Is it required in selling aproperty?
SPEAKER_00 (23:31):
Yes, it is.
SPEAKER_02 (23:32):
So buying and selling.
And we have 12 questions left.
Okay.
We're a little too early to askwhat it rhymes with.
Does the document have to dowith money?
SPEAKER_00 (23:45):
No.
No.
No?
No.
So it
SPEAKER_02 (23:50):
doesn't have to do with buying or selling,
specifically the money part?
SPEAKER_00 (23:54):
No.
If you're thinking of thetransaction or the
SPEAKER_02 (23:58):
receipt.
Not like that.
Okay.
Does that have anything to dowith taxes?
SPEAKER_00 (24:02):
Like property taxes?
No.
No.
No.
SPEAKER_02 (24:07):
It's
SPEAKER_00 (24:07):
hard.
Good questions, guys.
I'm glad you think it's
SPEAKER_02 (24:11):
hard, too, because we're sweating over here.
Oh, does it have to do with,like, legal stuff?
SPEAKER_00 (24:20):
Yes.
If
SPEAKER_02 (24:21):
you have to sign it, it totally does.
That was a stupid question.
All right.
The Rentish Podcast, quote,legal stuff.
All right.
Well, that was 11.
I think that was 11 questions.
Yeah, we got to rattle throughsome.
Does it include anything aboutthe property, like restrictions
or conditions about theproperty?
SPEAKER_00 (24:36):
Yes.
SPEAKER_02 (24:37):
Is it about ownership of the property?
SPEAKER_00 (24:39):
Yes, it is.
SPEAKER_02 (24:41):
Like a deed?
I mean, is that too basic?
Well, I'm asking, sorry,Patrick.
I'm just like, sorry, we got themelting pot here.
All right, so we got sevenquestions left.
So, sorry, what were you saying?
Oh, it was like, so like a deed.
Like I was like, you know, likeyou would acquire a deed or
whatever for a property.
That's how you would claim theownership of it.
Right, right, right.
You would also sell that deed.
(25:03):
So, deed, deed, deed.
I'm thinking like something likethat, you know?
Like, how do we, like, is it adeed?
Is that, should I?
Is it a deed?
Can we ask, is it a deed?
I mean, like.
I don't know.
Should I ask that?
Okay, well, I'm going to goahead and ask.
Is it a deed?
SPEAKER_00 (25:16):
It is a deed.
Are you serious?
SPEAKER_02 (25:23):
Wow.
We are.
That was crazy impressive.
Mary, does this qualify us forour own MBA?
SPEAKER_00 (25:29):
I think it does.
I think you've just graduatedfrom the school of real estate.
SPEAKER_02 (25:36):
Okay, awesome.
We got it.
So give us a little bit ofeducation from someone with a
more experienced background.
What do you got to tell us aboutdeeds and what they mean and
what they do?
SPEAKER_00 (25:45):
Yeah, so a deed is really just, I mean, a lot of
the questions that you ask kindof lead towards what a deed is.
So it is a legal document that'sgoing to prove ownership of a
property.
Most typically, we talk about itwithin real estate.
the deed is necessary for whenyou are buying and selling.
So it transfers ownership.
(26:05):
It also is helpful because ittells you the property lines.
It gives you information aboutwhat's actually owned within the
property.
And then also there's differenttypes of deeds out there.
I won't go into a ton of detailon all of the different nuances,
but the ownership timeline isaffected by the different types
(26:31):
of deeds that there are so againjust more information that can
influence like what yourownership looks like and what
types of like liabilities youmight have on the property
itself again it's it's importantfor for ownership but then you
know as a result of of kind ofdefining the property lines it
can also be used for taxpurposes and all sorts of other
(26:54):
good stuff so deed is a veryvery important legal document if
you have one don't lose it I
SPEAKER_02 (27:02):
asked if it was a deed.
That was the first thing weasked about.
And the immediate thing,Patrick, if you're reading my
mind, see how connected we areas podcasts.
What's the first thing you thinkof when you think of deed?
Monopoly is the answer.
I was not going to say that.
I was going to say Mr.
Deeds.
I think that's probably got tobe my first exposure to it as a
(27:26):
kid is like title deeds andmonopolies.
You can acquire those.
Is that what those are?
called a monopoly?
I think so, yeah.
Like when you own the littlecard with the color and it tells
you how much rent is and stuff?
I'm pretty sure.
Okay.
Mary, is a deed, is it like amulti-page document?
I don't know.
What does a deed actually looklike, document-wise?
SPEAKER_00 (27:43):
It can be.
It just depends on all thedifferent factors that are
included in it, but it's reallyjust a definition of what
your...
What it does is, again, becauseit's legally binding, it just
details out everything that youown by purchasing that property
(28:05):
or everything that you aregiving up by selling that
property.
SPEAKER_02 (28:08):
So it sounds like something that would be a
multi-page thing.
I think maybe don't accept theneed if it's written on a
post-it note.
SPEAKER_00 (28:16):
No, no, no, no, no.
And as you guys asked in thequestions, it is something that
you have to sign.
Often it's notarized as well.
Because again, this is a reallyimportant piece of, you don't
want this to just be somethingwhere yeah it's on a piece on a
post-it note and somebody saysyou now own this property and
then all of a sudden you got abunch of legal trouble because
(28:37):
someone else says wait a secondthat's not real so this is a
very important document it'snotarized it's recorded in
public records you know this isnot something that you know you
just sort of write down in penand paper
SPEAKER_02 (28:50):
all right cool well we learned a little bit today
that was a fun game mary thankyou again for coming on the show
we really really appreciate it
SPEAKER_00 (28:58):
thanks for having me
SPEAKER_02 (28:59):
Oh, man.
All right, Patrick.
That was quite the episode, if Ido say so myself, huh?
Yes.
Yes, thank you for theinsightful feedback and
commentary.
It was a fun time.
We talked about, what did wetalk about again?
Seattle.
We talked about the Space Needlein Seattle.
(29:21):
We did a proptology on the SpaceNeedle.
We also talked about the ChickenHouse.
Chicken House?
Not as many chicken soundeffects from the two of us as I
thought.
When we were workshopping thisepisode, it was just like
nothing but buccarks andbuccars.
Well, we'll add them in post.
Oh, in post, right, exactly.
And then we also had Mary Reganoback on to play some games, and
we crushed it, I think.
Yeah, I'd say so.
Yeah, or it was at least an Afor effort.
(29:43):
Yeah.
Well, awesome.
Thank you, everybody, forlistening to another episode of
the Rentish podcast.
One more thing we have to touchon during the Space Needles
segment.
Patrick did get really upsetafterwards that he forgot to
bring up Sleepless in Seattle,his favorite movie.
Oh, thank you for reminding me.
I hate that movie.
I'm upset for myself for comingup with iCarly and not one of
(30:03):
the worst movies of all time.
I truly hate Sleepless inSeattle.
And so I'm glad.
Thank you for circling back tothat Zach, what an atrocity of a
movie.
Well, I wanted you to have yourone second of-
SPEAKER_03 (30:16):
Thank you.
SPEAKER_02 (30:16):
Thank you.
Just get that off your chest.
Expel those demons.
My blood's boiling now.
Well, on that note, emailquestions at therentishpod.com.
Thank you guys for joining us onanother episode of the show.
Patrick, thank you forco-hosting along with me.
SPEAKER_01 (30:31):
Yeah, thank you.
SPEAKER_02 (30:32):
And we'll see you guys next week.
you
SPEAKER_02 (00:02):
What's going on, everybody?
Welcome to the Rentish Podcast.
I'm Zach, and I'm here with myco-host, Patrick.
SPEAKER_03 (00:09):
What up?
SPEAKER_02 (00:10):
We are your hosts today, a podcast, The Rentish,
that's what we are, and we'regoing to talk about rental
properties, and we're hosted bytwo guys that work in the real
estate industry and sort of knowwhat they're talking about.
Sort of?
Sort of, yeah.
Is that what I was supposed tosay?
I think you can say whatever youwant.
You can comment on what we knowor what we don't know.
(00:30):
I think in the script, youtypically are like...
But mostly we don't.
But mostly, ah.
I forgot to have the script openthis time.
No, it's okay.
Hey, this is the beauty of theRentish podcast, Patrick, is
that we can be organic, off thecuff.
Beautiful.
Yeah.
Just like that.
That was an ad lib, wasn't it?
That was.
That was straight off the dome.
Yeah.
You're getting the Oscar.
(00:50):
Yeah.
So you're going to have funhearing us talk to experts,
learning about the real estateand property management world,
or just laughing at how littlewe know along the way.
Today's episode is going to be agood one, Patrick.
I got a feeling I've got afeeling like it's gonna be a
good one you know I got afeeling I'm excited can we
legally play the Black Eyed Peassong just copyright or just get
(01:14):
banned banned on Spotify thankyou guys for listening the
Rentish podcast we're having alot of fun we're gonna have a
great chock full episode of abunch of awesome real estate and
property management stuff we'vegot a tenant horror story which
is our producer Miss A'sfavorite segment we're gonna do
all about chickens So get readyfor chicken and chicken sound
(01:35):
effects.
They're happening.
And then we're also going totalk about the historic
properties, importantproperties.
We're going to talk about theSpace Needle.
And then we might play a littlebit of real estate property
management games.
We'll see what happens.
We'll see what we have time for.
As always, if you are listeningto the show, if you love the
show, if you want to hang outwith us and play games with us
(01:56):
or ask us questions, you canemail questions at
therentishpod.com.
Are we going to have like alistener games segment now where
we play games with thelisteners?
I think I just pitched the idea.
So maybe down the road we coulddo that.
Yeah.
That sounds fun.
Yeah.
If you have an idea for a realestate or property management
type game or topic, email theshow.
We'd love to talk about it.
(02:22):
Patrick, I think you should leadit off.
You've got a story for me.
Let's do it.
Yeah.
This story is called ChickenMansion.
Okay.
Okay.
It's like the Haunted Mansion,but foul.
Correct.
Yeah.
I was told to say by ourproducer, we say, all right,
this week's story is a cluckingmasterpiece.
(02:46):
It comes from Dave, a propertymanager out in Pennsylvania.
And let's just say things got alittle foul, like spelled with a
W.
Yeah, I got that.
That's the joke.
We're going to work on gettingthe soundboard, but that would
have been a big, fat burp.
like the sound when you getsomething wrong on Jeopardy.
So Dave gets a call from hissecond floor tenants, right?
(03:09):
And they're freaking out.
There's water coming through theceiling.
That's the tenant voice, just sowe have context moving forward.
Yeah, we should have stated thisat the beginning of the tenant
horror story segment, is thatPatrick will be doing the voices
in his masterful way.
Yeah, as the characters.
So, tenant, there's water comingthrough the ceiling.
So Dave grabs his keys and headsover.
(03:30):
When he He gets there.
Sure enough, there's waterdripping from the ceiling and
spreading fast.
He adds up to the third floor,knocks on the door, and the
tenant opens up lookingcompletely unfazed.
Dave glances inside and freezes.
Right there in the middle of theliving room is a blown up
swimming pool.
Okay.
Oh, no.
This is no kiddie pool.
It's one of those 24-inch deepfamily-sized monsters.
(03:54):
Oh, my God.
It's filled with water justsitting in the living room
dripping through the floor.
I think I'm speaking as Daveright now just for context.
I'm Dave, the property manager.
But now,
SPEAKER_01 (04:04):
it's for my kids.
SPEAKER_02 (04:06):
Dave didn't ask.
He was still trying to processwhat he was seeing.
But then things got worse.
Dave glances over at the kitchenand something catches his eye.
The cabinet doors are gone.
Like, completely removed.
In their place, chicken wire.
I like where this is going.
Dave steps closer and realizesthere are chickens.
A dozen live chickens living inthe cabinets like it's their
(04:29):
personal condo.
SPEAKER_01 (04:30):
Where else am I supposed to keep them?
SPEAKER_02 (04:34):
At this point, Day's brain is fried.
He mutters something aboutneeding to write a letter and
leaves.
Later, he calls me, still inshock, and I ask him the most
important question.
Did you ask what they werefeeding the chickens?
Dave, now that can't be the mostimportant question to ask in
that situation.
(04:54):
Yeah, that's the end of thestory.
That's the end of the story.
All right, so dude's keepingchickens in his apartment.
Yeah, right.
And he's got a pool.
That's the more impressive thingto me.
Also, side note, it is one ofthe– have you ever had an
apartment flood or like a placewhere there's a water leak or a
pipe burst?
Yeah, it's like the basement ofone of my– Basement?
Yeah.
All right, let me tell you.
As a renter, there is like noworse feeling than like coming
(05:17):
home and looking up at yourceiling and seeing one of those
bubbles that just water iscollected, and you're like, I'm
screwed.
This thing is a ticking timebomb.
Eventually, it's just going toget water everywhere.
I don't know what to do.
It's just getting lower andlower and bigger.
It's terrifying.
I have not had one of those.
Also, with this story, theswimming pool, and he says it's
(05:39):
for his kids.
It's like, oh, okay, never mind.
That's not a problem.
It's nice to think out there.
It's like, oh, I'm going to makethis apartment.
It's going to be a homey place.
We'll have the couch there.
We'll have the bookshelf there.
SPEAKER_03 (05:51):
We'll have the swimming pool right
SPEAKER_02 (05:52):
there.
Bad idea.
I did almost have a chicken as aroommate in college.
Okay.
SPEAKER_03 (06:00):
I'm intrigued.
SPEAKER_02 (06:02):
Continue.
My friend Emily, her family hadlike a farm and my roommate
Anthony was like moving out andso I felt kind of lonely and I'm
like I want another, I wantAnthony 2.0 and I asked my
friend Emily if I could borrowone of her chickens as my
roommate and she's said yeahshe's like next semester i could
totally have the chicken i wouldprobably need to get diapers so
(06:22):
it didn't poop everywhere so iwas gonna have a little chicken
anthony jr walking around myapartment in a diaper i was
really excited to get thischicken second semester rolls
around i asked emily where's thechicken and the chicken passed
away unfortunately oh no uh orwas butchered you know
SPEAKER_03 (06:37):
i
SPEAKER_02 (06:39):
don't know what the situation was with the chicken
but yeah i anthony jr didn'tmake it unfortunately oh no yeah
so do you is that still a lifegoal for you you're like, one
day I'm going to get that petchicken.
Yeah, I would love to have achicken.
That semester, I ended upgetting a guy named Nick, not a
chicken, just like a human.
Nick was the replacementroommate.
I would still love to have achicken.
Are you going to name thechicken Anthony?
(07:01):
Yeah, I'd be at this point.
For legacy's sake.
Okay, Patrick, thank you forreading the story first.
Story comes, can I read where wegot the story?
Can I tell it?
Yeah, so we got it fromopenphone.com, so it's a blog.
Apparently this is a real truestory.
It just amazes me.
I'm just I'm sure we're going tokeep saying this over and over
again as we do these tenantsegments.
It's like you always think likeyou're like, oh, you know, I'm
(07:22):
going to be a good renter.
It's like there's bad rentersout there, but you don't realize
how bad some of them actuallycan be.
Right, yeah.
Until you see it in contexthere.
But yeah, keeping chickens, poolin the living room.
Like let's say I'm a bad renter.
I can always point, hey, atleast I don't have an inflatable
swimming pool and chickens inthe apartment.
You know, it could be worse.
It could be worse.
(07:43):
Well, I think we've learnedrenter's insurance, right?
What can we take away?
Isn't that a takeaway?
Let's bring this back to realproperty management.
Yeah, I think they want us totalk about real stuff
eventually.
Insure your stuff.
Renter's insurance is probably agood...
Property insurance is thelandlord of this guy.
Think about...
This pool, one wrong pinprick,and then all of a sudden you've
got a pool's worth of waterdamage inside your house.
(08:06):
So I don't know.
It's a scary situation, but alsojust you got to make sure that
you're clear in your lease termsabout raising poultry.
Yeah, there needs to be apoultry clause in every lease.
The poultry clause.
I like that.
Let's start that.
The poultry clause.
Okay, cool.
Thanks, Patrick.
That was a good segment.
I think we're still calling itthis.
We're going to switch gears toproptology, everybody.
(08:27):
That's the segment where we talkabout historic properties.
properties of greatsignificance, landmarks,
buildings, whatever it is.
And this week on Propetology, weare going to be talking about
the Space Needle.
Yes, indeed.
Have you ever been to the SpaceNeedle?
Not.
I was going to ask you the samething.
I've never even been to thePacific Northwest at all.
I would love to go to Seattle.
I've got a buddy in Seattle.
(08:47):
Yeah, no, it's been on my listfor a long, long time.
I mean, Seattle, it seems like acool place.
The Space Needle, obviously,probably one of the more iconic
towers in the United States.
So to describe it, it's looks,and I'm not even joking with
you, spacey.
Yeah, oh, that's a great word.
Like, when you look at this,does it not immediately just
give you the vibe where you'relike, this looks like it would
be in, like, a Jetsons episode.
(09:09):
Oh, it very much, it is thefuture.
Yes, it's future.
It's kind of got that, like,retro-futurism kind of vibe
going on, which I really like.
What people in, like, the 60sthought the future would be.
It's an observation tower inSeattle, Washington.
Of course, it's considered to bean icon of the city.
The tower's saucer-shaped,quote, top house, which I didn't
know that that's what it wascalled.
The top house offers visitorsSeattle's only 360 degree indoor
(09:32):
and outdoor panoramic views ofdowntown.
Mount Rainier, Pudget Sound, andthe Cascades in the Olympic
Mountain Ranges.
So, okay, so the top part iscalled the Top House.
The Top House.
Is everything under the TopHouse just like useless?
Is it just like, what?
Yeah.
Took you a second.
(09:54):
No, well, it looks to me fromthe structure, I mean, I've
never been, you've never been,but it looks to me like it's
just like one long elevatorshaft yeah that's kind of what
it's looking like to me and it'skind of got like the the support
beams that go down which iswhich is cool it almost looks
like a building that likeshouldn't be very sturdy yeah
but obviously it is it's solidyeah solid building patrick what
(10:14):
about some history why don't wetalk some history yeah let's
talk about some history soedward e carlson the chairman of
the 1962 seattle world fair hadan idea for erecting a tower
with a restaurant at the world'sfair after visiting the stuger
tower in germany anotherbuilding I'm not familiar with.
So the World's Fair, designedfor the World's Fair.
(10:34):
I didn't know that.
I also didn't know that.
I knew the St.
Louis Arch was a World Fair.
It was?
Really?
Maybe I made that up.
I thought it was.
It was made for the St.
Louis World Fair.
I'm almost positive about that.
Anyways, not to just getsidetracked.
The one thing that I knew...
When I think of World's FairAmerican architecture, it's
(10:58):
funny, but the first thing Ithink of is the Knoxville Sun
Sphere.
It was featured in a episode ofthe simpsons like like 25 years
ago oh but it's like i missedthat a totally forgotten it's
this giant ball oh on this towerin the middle of knoxville no
one ever thinks about theknoxville sun sphere as a like
(11:19):
as a world's fair importantthing or whatever but like the
world's fair did basically havea hand in creating the space
needle and this the space needlethat's a thing that's a name
like you tell any americanwhat's the space needle they're
probably gonna at least say, oh,it's that big pointy thing in
Seattle, Washington.
You know what I mean?
So the World's Fair that yearhad a space age theme.
(11:41):
So obviously a flying saucerneeded to be incorporated into
the design.
So architect John Graham joinedthe project, bringing his
expertise from designing theNorthgate Mall in Seattle and
incorporated that revolvingrestaurant feature at the very
top.
Early suggestions for thetower's name.
You ready for this one?
Yeah.
Included Space Needle.
(12:03):
Okay.
Obvious choice.
Yeah.
Obvious choice.
Number one.
Number one, Star Tickler.
That's an amazing name.
Yeah, I don't know about thatone.
And then the top hat.
Okay.
And Big Skookum.
Okay.
I repeat, Big Skookum, which islike a Looney Tunes character, I
(12:23):
think.
I mean, I like Star Tickler.
I honestly think that that was ablunder not choosing Star
Tickler.
Justice for Big Skookum.
Or Big Skookum.
Star Tickler.
Have you been to the StarTickler in Seattle, Washington?
Upon completion in April 1962,it was the tallest structure
(12:43):
west of the Mississippi River,surpassing the Kansas City Power
and Light Building and Seattle'sSmith Tower.
Okay.
So, held the record for a longtime.
Certainly not the talleststructure now, you have to
imagine, right?
Maybe we should do that one day.
Rank the tallest buildings inAmerica.
We should do that one day.
That would be actually veryinteresting.
That would be a fun segment.
See where they are.
All right, fun facts.
(13:04):
It has the world's first andonly revolving glass door, which
is 500 feet above Seattle.
Patrick, are you scared ofheights?
UNKNOWN (13:13):
Um...
SPEAKER_02 (13:14):
Yeah.
No.
Yes.
Yes, I am.
That sounded real convincing.
I am.
Yeah, I get my legs get reallyshaky.
Get a little shaky.
I'm not opposed to going toheights, but I definitely get a
little...
So does a 500 feet highrevolving glass floor sound
enticing to you at all?
I would do it.
I wouldn't like it, but I woulddo it.
(13:36):
For experimental purposes, youwould do it.
Yes, I would definitely do it.
I think that'd be interesting.
Yeah.
It definitely gets me a littleanxious, but I feel like I can
do it.
I just need to center myself.
But then it's like, all right,I'm I'm ready to be on the solid
floor.
We say he's shaking his head.
He's like, thumbs way down onthat one.
So the Space Needle wasconstructed in just 400 days.
400 days.
(13:56):
So a little over a year to makethe Space Needle.
The iron workers who built thismiracle of construction were
being paid a wage of, get readyfor this one,$3.92 per hour.
Or 40 an hour adjusted forinflation.
See, 40 an hour for inflation isnot bad.
That's crazy.
It's inflated that much in thepast?
Wow.
(14:17):
a construction job or somethinglike that, but imagine getting
paid$3 a night.
I know that inflation's a thing.
But imagine being that high upand you're like, I'm making$4 a
dollar.
It was the site of a famousApril Fool's prank.
In 1989, a local TV stationaired an April Fool's prank
segment that the Space Needlehad fallen over.
Despite the flashing alertduring the segment telling
(14:39):
viewers it was a joke, emergencycall lines were flooded with
calls as the Space Needle itselfreceived more than 700 calls.
That seems like a mean prank.
That idea That seems like a verytragic thing that could happen.
Yeah, totally.
Whoever came up with that, Ihope they got fired.
That's not a funny prank, yeah.
Not at all.
It harbored a secret timecapsule from the 80s.
(15:01):
Staff buried the capsule in 1982inside one of the tower's
concealed steel beams on thetower's observation levels.
It was later found and opened in2017.
Letters, photographs, postcardswere all found inside, and a new
time capsule with some of the1982 artifacts will be opened in
2062.
Oh, okay.
Pretty cool.
(15:21):
Did you ever make a timecapsule?
I didn't, but I've always wantedto find a time capsule.
I just don't know where to look.
You gotta go like geocaching.
Yeah, I guess so.
Have you made a time capsule?
I did.
I remember making a time capsulein the first grade.
Buried it in a shoebox.
That thing is probablydisintegrated at this point.
(15:43):
I don't even remember what wasin there.
It used to have a mysteriousmascot We got a couple more
facts here.
In 1997, a yellow personifiedSpace Needle mascot named
Sneedle was created to celebratethe Tower's 35th anniversary.
It was unfortunately veryshort-lived.
We got a photo of the Sneedle.
There you go.
(16:04):
Oh, that's kind of fun,actually.
It's cute.
It looks like a Muppet.
Yeah, it does look like aMuppet.
Hi-ho.
Yeah, it's cute.
It sounds like a Pokemon.
I'm pretty sure there is thisNeedle Pokemon, too, if I'm not
mistaken.
So we got some movie facts here.
Okay.
In the Elvis Presley movie, ithappened at the World's Fair in
1963.
This sounds like a movie thatmaybe you've seen.
I haven't seen it.
(16:24):
Okay.
Is that the most famous moviethat this Needle is featured in?
That can't be possible.
According to the script writers.
That is insane.
We got that here.
What about iCarly.
I don't.
You know that show?
You got a clap from theproducers over there.
Yeah, they know what's up.
Have you never seen iCarly?
I know iCarly.
It's a brand of Cosgrove, right?
Yeah, yeah, yeah.
That whole thing takes place inSeattle.
(16:45):
Obviously, it's filmed in somestudio in Hollywood, but there's
shots of Seattle where theylive.
Got it.
UNKNOWN (16:53):
Okay.
SPEAKER_02 (16:53):
I just got to say, I don't appreciate you and
everything you stand for.
Because how in the wide world ofsports is iCarly the first thing
you think of over Frazier?
I haven't seen Frasier.
You've never seen Frasier?
I've never seen Frasier, no.
What?
Yeah, that's like that oldsitcom, right?
This is the oldest I've everfelt.
I'm like, I'm talking.
Hey, baby, I hear the blues ofcollege.
(17:15):
Come on, man.
Right over my head.
No.
You don't know iCarly?
But I know the show.
I just never watched the show.
Frasier is like, it's a, it's a,who am I thinking of?
Who's the actor?
He played the Beast in X-Men.
Oh, Nick Holt.
Nicholas Holt.
No, no, no.
The old Kelsey Grammer.
(17:35):
Thank you so much.
Yeah.
So Kelsey Grammer was in Cheers.
And then you've seen Cheers.
I've heard of Cheers.
I've never seen it.
Oh, my God.
I know what it is.
It's like the bar.
The bar sitcom.
It's like the bar.
It's the bar sitcom.
Yeah.
Well, okay.
So a very popular character onthat show, Frasier, played by
(17:57):
Kelsey Grammer, spun off a showwhere he's a radio DJ in
Seattle, lives with his dad, hisbrother Niles.
Excellent sitcom.
What's the spinoff?
Is that Wings?
Wings.
Wings.
I've seen an episode of thatone.
We're getting a lot of handmotions and excitement from the
producer galley there.
(18:18):
It's funny, though.
There's a couple big things.
I called out Frasier, iCarly.
You said iCarly.
There's the Elvis movie here,but it's not that prominently
used in film or TV.
I feel like Seattle, though, isnot one of those cities.
It seems like everybody in theU.S., according to Hollywood,
lives in either New York or L.A.
for the most part.
Very rarely do you get stuffshot.
(18:40):
Location, I can't even think ofthe most recent movie that I saw
that the location took place inSeattle right yeah same
underutilized location but I'veheard it's beautiful obviously
the nature of Seattle issomething to go for like I have
friends that go out there thatlive out there that like love
skiing and hiking in themountains and the lake is the
ocean it's like you got so muchbeautiful stuff
SPEAKER_01 (19:00):
on there it's like
SPEAKER_02 (19:01):
it's a prime spot I feel like you put more fiction
writers should utilize Seattle Iagree but yeah that's that's the
space needle were there any funfacts or trivia that we missed
out on or anything cool that youwant to shout out about the
Space Needle, email questions attherentishpod.com.
Okay, Patrick, so we're going togo back to the fun and games
section of the show.
We've been learning a lotrecently, but now I think it's
(19:22):
time for us to play a littlegame.
SPEAKER_01 (19:24):
Yay! I love games.
SPEAKER_02 (19:26):
Yeah.
We're going to play so many funreal estate and property
management games along the wayof the journey of the Rent-ish
podcast.
And today, we have a veryspecial guest joining us for our
fun and games segment here, MaryRegano.
She's a senior marketing programmanager at a Inago.
Mary, thank you for coming on tothe show.
SPEAKER_00 (19:44):
Thanks so much for having me.
Yeah,
SPEAKER_02 (19:46):
we're excited to have you.
Can you tell us a little bitabout yourself and kind of where
you came from?
What's your story?
SPEAKER_00 (19:51):
Sure.
So yeah, I've got, gosh, over10.
Actually, I think we're comingup on 15 years of experience.
I graduated with an MBA fromChicago Booth, but I've worked
at a number of different techcompanies, including Inago
Property Management Software.
And then in addition to that,I've actually been been
(20:12):
investing in real estate for thelast five or so years, just
trying to kind of slowly build aportfolio between Chicago and
Cincinnati.
And yeah, it's been a wild rideand really enjoying it and
learning a lot as I go.
SPEAKER_02 (20:28):
Awesome.
Well, you're probably smarterthan both Patrick and I combined
in this little podcast studio.
Times 10.
There's some multiplication inthere.
But you have a game for us toplay.
Is that right?
SPEAKER_00 (20:40):
I do, yes.
SPEAKER_02 (20:42):
Okay.
SPEAKER_00 (20:43):
Are you guys ready for it?
SPEAKER_02 (20:45):
Yeah, what's the game?
Yeah.
SPEAKER_00 (20:47):
All right.
Well, have you guys ever playedthe game 20 questions?
SPEAKER_02 (20:50):
Of course.
Yes.
SPEAKER_00 (20:52):
This was a game that I used to play a lot when I was
a kid in car rides specifically,you know, pick something out the
window and then try to guesswhat it was.
This one will not be an out thewindow one, but I have a term
here that I am thinking of andI'm going to let you guys ask me
a bunch of questions to try tofigure out what this term is.
(21:14):
And then let's hope that youguys are able to, through your
questioning and your sleuthing,able to eventually get to what
the real estate term is.
SPEAKER_02 (21:25):
Awesome.
Are you ready for the task, Pat?
I'm ready.
Can you keep track on yourfingers?
I will keep track.
SPEAKER_00 (21:33):
We won't be strict on the 20 questions.
SPEAKER_02 (21:37):
Okay, cool.
How should we start, Patrick?
Do you want to go first or doyou want me to go first?
You go first.
I've got the task of counting.
Does it have to do withdocumentation?
SPEAKER_00 (21:49):
It does, yes.
SPEAKER_02 (21:50):
Oh, wow.
Okay.
SPEAKER_00 (21:53):
Good first question.
SPEAKER_02 (21:54):
Okay, we better just quit here because that's as good
as we're going to get.
That's our first yes.
Okay, I got a question.
Is it related to specifically torental properties?
SPEAKER_00 (22:05):
It is not, no.
SPEAKER_02 (22:07):
Okay.
SPEAKER_00 (22:08):
Well, you said specifically to rental
properties.
No, it's not specific.
It can be for all
SPEAKER_02 (22:12):
properties, essentially.
Correct.
Got it.
Is it something the tenantinteracts directly with?
SPEAKER_00 (22:17):
No.
No, it is not.
That
SPEAKER_02 (22:18):
would be no because it's not like specific to
rentals.
You know what I mean?
But rentals could be more than,you know, tenants rentals.
Oh, okay.
You know, it couldn't just be,you know.
Okay.
Okay.
That's three.
We're making great progress.
Okay.
Does it have to do with thepurchasing of a property?
SPEAKER_00 (22:38):
Yes, it does.
SPEAKER_02 (22:39):
Does it cost money to acquire this document?
SPEAKER_00 (22:43):
Yes.
SPEAKER_02 (22:44):
Is it related to document?
Is it for sure a document?
Yeah, that's a good point.
Is that a question?
We didn't really narrow it down.
Okay, yeah, let me, is the term,is it the name of a document?
SPEAKER_00 (22:56):
Yes, it is.
SPEAKER_02 (22:57):
Okay, so that clears that up.
That clears that up.
Now we just got to think aboutdocuments.
Yeah, and we have 14.
Yeah, I bet you we don't evenknow 14 documents.
I was going to say, yeah.
Okay.
I got one, I got one.
Yeah, go for it, Patrick.
Does the document requiresignatures from multiple
parties?
SPEAKER_00 (23:15):
Yes, it does.
SPEAKER_02 (23:16):
I don't really know.
know how that helped us.
I just got excited.
Hey, we got to do everything wecan to try our best here.
Oh, boy.
Okay.
Is it required in selling aproperty?
SPEAKER_00 (23:31):
Yes, it is.
SPEAKER_02 (23:32):
So buying and selling.
And we have 12 questions left.
Okay.
We're a little too early to askwhat it rhymes with.
Does the document have to dowith money?
SPEAKER_00 (23:45):
No.
No.
No?
No.
So it
SPEAKER_02 (23:50):
doesn't have to do with buying or selling,
specifically the money part?
SPEAKER_00 (23:54):
No.
If you're thinking of thetransaction or the
SPEAKER_02 (23:58):
receipt.
Not like that.
Okay.
Does that have anything to dowith taxes?
SPEAKER_00 (24:02):
Like property taxes?
No.
No.
No.
SPEAKER_02 (24:07):
It's
SPEAKER_00 (24:07):
hard.
Good questions, guys.
I'm glad you think it's
SPEAKER_02 (24:11):
hard, too, because we're sweating over here.
Oh, does it have to do with,like, legal stuff?
SPEAKER_00 (24:20):
Yes.
If
SPEAKER_02 (24:21):
you have to sign it, it totally does.
That was a stupid question.
All right.
The Rentish Podcast, quote,legal stuff.
All right.
Well, that was 11.
I think that was 11 questions.
Yeah, we got to rattle throughsome.
Does it include anything aboutthe property, like restrictions
or conditions about theproperty?
SPEAKER_00 (24:36):
Yes.
SPEAKER_02 (24:37):
Is it about ownership of the property?
SPEAKER_00 (24:39):
Yes, it is.
SPEAKER_02 (24:41):
Like a deed?
I mean, is that too basic?
Well, I'm asking, sorry,Patrick.
I'm just like, sorry, we got themelting pot here.
All right, so we got sevenquestions left.
So, sorry, what were you saying?
Oh, it was like, so like a deed.
Like I was like, you know, likeyou would acquire a deed or
whatever for a property.
That's how you would claim theownership of it.
Right, right, right.
You would also sell that deed.
(25:03):
So, deed, deed, deed.
I'm thinking like something likethat, you know?
Like, how do we, like, is it adeed?
Is that, should I?
Is it a deed?
Can we ask, is it a deed?
I mean, like.
I don't know.
Should I ask that?
Okay, well, I'm going to goahead and ask.
Is it a deed?
SPEAKER_00 (25:16):
It is a deed.
Are you serious?
SPEAKER_02 (25:23):
Wow.
We are.
That was crazy impressive.
Mary, does this qualify us forour own MBA?
SPEAKER_00 (25:29):
I think it does.
I think you've just graduatedfrom the school of real estate.
SPEAKER_02 (25:36):
Okay, awesome.
We got it.
So give us a little bit ofeducation from someone with a
more experienced background.
What do you got to tell us aboutdeeds and what they mean and
what they do?
SPEAKER_00 (25:45):
Yeah, so a deed is really just, I mean, a lot of
the questions that you ask kindof lead towards what a deed is.
So it is a legal document that'sgoing to prove ownership of a
property.
Most typically, we talk about itwithin real estate.
the deed is necessary for whenyou are buying and selling.
So it transfers ownership.
(26:05):
It also is helpful because ittells you the property lines.
It gives you information aboutwhat's actually owned within the
property.
And then also there's differenttypes of deeds out there.
I won't go into a ton of detailon all of the different nuances,
but the ownership timeline isaffected by the different types
(26:31):
of deeds that there are so againjust more information that can
influence like what yourownership looks like and what
types of like liabilities youmight have on the property
itself again it's it's importantfor for ownership but then you
know as a result of of kind ofdefining the property lines it
can also be used for taxpurposes and all sorts of other
(26:54):
good stuff so deed is a veryvery important legal document if
you have one don't lose it I
SPEAKER_02 (27:02):
asked if it was a deed.
That was the first thing weasked about.
And the immediate thing,Patrick, if you're reading my
mind, see how connected we areas podcasts.
What's the first thing you thinkof when you think of deed?
Monopoly is the answer.
I was not going to say that.
I was going to say Mr.
Deeds.
I think that's probably got tobe my first exposure to it as a
(27:26):
kid is like title deeds andmonopolies.
You can acquire those.
Is that what those are?
called a monopoly?
I think so, yeah.
Like when you own the littlecard with the color and it tells
you how much rent is and stuff?
I'm pretty sure.
Okay.
Mary, is a deed, is it like amulti-page document?
I don't know.
What does a deed actually looklike, document-wise?
SPEAKER_00 (27:43):
It can be.
It just depends on all thedifferent factors that are
included in it, but it's reallyjust a definition of what
your...
What it does is, again, becauseit's legally binding, it just
details out everything that youown by purchasing that property
(28:05):
or everything that you aregiving up by selling that
property.
SPEAKER_02 (28:08):
So it sounds like something that would be a
multi-page thing.
I think maybe don't accept theneed if it's written on a
post-it note.
SPEAKER_00 (28:16):
No, no, no, no, no.
And as you guys asked in thequestions, it is something that
you have to sign.
Often it's notarized as well.
Because again, this is a reallyimportant piece of, you don't
want this to just be somethingwhere yeah it's on a piece on a
post-it note and somebody saysyou now own this property and
then all of a sudden you got abunch of legal trouble because
(28:37):
someone else says wait a secondthat's not real so this is a
very important document it'snotarized it's recorded in
public records you know this isnot something that you know you
just sort of write down in penand paper
SPEAKER_02 (28:50):
all right cool well we learned a little bit today
that was a fun game mary thankyou again for coming on the show
we really really appreciate it
SPEAKER_00 (28:58):
thanks for having me
SPEAKER_02 (28:59):
Oh, man.
All right, Patrick.
That was quite the episode, if Ido say so myself, huh?
Yes.
Yes, thank you for theinsightful feedback and
commentary.
It was a fun time.
We talked about, what did wetalk about again?
Seattle.
We talked about the Space Needlein Seattle.
(29:21):
We did a proptology on the SpaceNeedle.
We also talked about the ChickenHouse.
Chicken House?
Not as many chicken soundeffects from the two of us as I
thought.
When we were workshopping thisepisode, it was just like
nothing but buccarks andbuccars.
Well, we'll add them in post.
Oh, in post, right, exactly.
And then we also had Mary Reganoback on to play some games, and
we crushed it, I think.
Yeah, I'd say so.
Yeah, or it was at least an Afor effort.
(29:43):
Yeah.
Well, awesome.
Thank you, everybody, forlistening to another episode of
the Rentish podcast.
One more thing we have to touchon during the Space Needles
segment.
Patrick did get really upsetafterwards that he forgot to
bring up Sleepless in Seattle,his favorite movie.
Oh, thank you for reminding me.
I hate that movie.
I'm upset for myself for comingup with iCarly and not one of
(30:03):
the worst movies of all time.
I truly hate Sleepless inSeattle.
And so I'm glad.
Thank you for circling back tothat Zach, what an atrocity of a
movie.
Well, I wanted you to have yourone second of-
SPEAKER_03 (30:16):
Thank you.
SPEAKER_02 (30:16):
Thank you.
Just get that off your chest.
Expel those demons.
My blood's boiling now.
Well, on that note, emailquestions at therentishpod.com.
Thank you guys for joining us onanother episode of the show.
Patrick, thank you forco-hosting along with me.
SPEAKER_01 (30:31):
Yeah, thank you.
SPEAKER_02 (30:32):
And we'll see you guys next week.
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