In Episode 19 of The Rent-ish Pod, Zach breaks down a trending Business Insider article revealing why mid-term rentals are becoming the 'sweet spot' for real estate investors seeking higher cash flow compared to traditional long-term rentals. Curious about maximizing your rental income? This episode is a must-listen! Then, in a special RE Reel segment, Patrick whisks us away to the enchanting world of Harry Potter with an in-depth look at the legendary Hogwarts Building. Together, Patrick and Zach explore the fascinating property valuation of Hogwarts, discussing what makes it so magical—and what it might be worth in the real estate market. Don’t miss this blend of real-world investing tips and whimsical property insights! Got questions, hot takes, or thoughts? Tune in and join the conversation.
Got questions, hot takes, or real estate horror stories of your own? Email us at questions@therentishpod.com—you might just make the next episode
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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?
My name is Zach and I'm herewith my co-host Patrick.
What up?
And we're your hosts for theRentish podcast, which is a
podcast that's kind of aboutrental properties and hosted by
two guys that work in the realestate industry and sort of know
what they're talking about.
SPEAKER_02 (00:19):
But mostly don't.
SPEAKER_03 (00:23):
Yes, Patrick, mostly we don't, which is why you're
going to have fun hearing ustalk to experts, learning along
with us or just laughing at howlittle we know.
Patrick, your Mostly We Don'tthis week is emblematic of
exactly how I'm feeling rightnow.
Energy, a bit low, but we'regoing to talk about some fun
stuff, and I'm going to pumpthat right up and just get right
(00:44):
back into the zone.
I
SPEAKER_02 (00:45):
think you misunderstood my butt, because
my butt was very high.
It was a high-energy butt.
SPEAKER_03 (00:51):
No, it was like, buh, and that's how I feel like
the world is right now.
It's like, uh.
It's just like humming at thisconsistent frequency.
It was supposed to be a
SPEAKER_02 (01:00):
buzz.
like a like a they're great youknow tony the tiger
SPEAKER_03 (01:05):
like the thx sound oh man all right uh yeah rentish
podcast follow us on this on thethings you got you know where it
is if you go to the podcastfeeds apple spotify wherever you
get your podcast you can findthe rentish um subscribe to us
the rentish uh at the rentishpod on instagram email questions
(01:26):
at therentishpod.com if you havequestions that you'd like to ask
the show uh we appreciate eachand every one of you for For
coming out and listening to theshow.
It's been a lot of fun beingable to record.
We've got some fun stuff comingup, right?
I think we've got someinterviews and things that we're
going to be doing.
No, not today.
Just teasing future episodes.
(01:47):
We might bring back some smartpeople, some smarties other than
us.
But yeah, today we're going tohave a good time.
We're going to talk about a lotof fun stuff.
But Pat, before we get intoeverything, how are you doing?
How's your day?
SPEAKER_02 (02:00):
I'm okay.
Yeah.
I thought it was...
I thought it was Thursday todaymy sheets in the closet, my
(02:34):
comforter, and then twice on,like, just the hardwood floor.
And so, yeah, that's been adisaster.
And so then I ended up puttingthe dog back at, like, 1 a.m.
I put the dog back in myneighbor's apartment, and I get
there this morning, and then shepooped in my neighbor's kitchen.
So I had to deal with that thismorning.
But, yeah, anyways, I'm dealingwith that.
I feel, I mean, it's kind of amix of, like, feeling bad for
(02:56):
the dog.
Like, the dog's clearly sick.
And also wondering, like, what Ido.
Like, I'm doxing for, like,what, four days?
And, like...
the dog.
SPEAKER_03 (03:04):
Oh, that's normal.
You put a dog out of its normalhabitat or whatever, it's like
it's in a different space.
It doesn't know what's going on.
That happens.
Yeah.
Or maybe it ate a Cheeto youdropped or something.
That's what I'm wondering.
It ate something else.
But no, you said that you werelike, well, this was all I'm
(03:25):
going to do my best, Pat.
You're like, I have to clean upthis dog poop.
They've ruined my favorite rock,but at least you It's only, at
least it's Thursday or whatever.
You're like, nope, it's Tuesday.
You're great at impressions.
Thank you.
Thank you.
I'm working on it.
I'm working on it.
Eventually, if I nail yourimpression, I'll be able to do
(03:47):
this whole show without you.
Yeah, I was about to say, youpretty much did.
My Patrick impression.
You know what, Zach?
I've really come around on WesAnderson.
That's not something I wouldsay.
He's a great director, and allof his stuff is great.
You're putting words into mymouth.
I know.
All right.
Well, today we've got a reallyfun episode because we're going
to talk about midterm rentals.
(04:08):
Doesn't that sound fun?
Yeah.
Yeah?
Sounds great.
And then we're also going totalk about Hogwarts.
So we're going to do a littleHarry Potter section to have a
nice palate cleanser.
After the really fun discussionthat we're going to have about
midterm rentals.
No, no, no.
It's a cool news article.
We're going to learn a lot andhave a good time.
Yeah.
Do you want to jump right in?
SPEAKER_02 (04:29):
The article?
Okay.
For the record, I I tried toread the article this time.
I tried.
Oh, you did?
I clicked the article, and thenit said I had to pay a
subscription, which obviouslyI'm not doing.
SPEAKER_01 (04:41):
Uh-oh.
SPEAKER_02 (04:42):
So, that one's not on me.
Okay, not on you.
I'm not leading the segment,right?
SPEAKER_03 (04:48):
No, no, no, I'm leading the segment.
I was just seeing how far we dipin the water before you were
like, wait, wait, wait, what arewe doing?
No, I'm
SPEAKER_02 (04:55):
on
SPEAKER_03 (04:56):
it today, dude.
Okay.
Investors are ditchingshort-term headaches and
long-term limits for somethingin between.
midterm rentals.
Patrick, before we dive into thearticle, do you have a guess
what a midterm rental is?
Do you know what a midtermrental
SPEAKER_02 (05:11):
is?
So I'm guessing a midterm rentalis longer than like an Airbnb.
But shorter than like a yearlong lease agreement.
I'm guessing it's somewhere inthe vein of like one to one
month to like less than a year.
SPEAKER_03 (05:25):
Yeah.
Yeah.
I mean, it's basically exactlythe way it sounds.
These one to 12 month leases arebecoming the new go to for
boosting cash flow whileavoiding the Airbnb burnout and
red tape.
And basically a midterm rentalis just a lease agreement for a
property that typically lastsbetween one and six months.
Could go up to like typically ayear long lease, but it's like
you could stretch that up untilthe very end, maybe a little bit
(05:47):
before.
I think it's, you know, designedto be a flexible thing for both
property, you know, propertyowners, as well as the tenants
that are going to be occupyingshort term rentals for a variety
of life reasons.
SPEAKER_02 (05:58):
I was about to ask, like, because I feel like more
often than not, people want likea like a longer term lease or
like an Airbnb, like in whatsituations are people like, I
guess, like travel nurses, forexample, or if that was one that
came to
SPEAKER_03 (06:11):
my mind immediately.
Yeah.
SPEAKER_02 (06:13):
Yeah.
But like how much of thepopulation is that?
Like maybe a If you're like, ifyou've got a lease starting in
like at the end of summer, butlike you just graduated school
or something and need like threemonths or something like I get
that too.
But like, I mean, how much of amarket is there for midterm
rentals?
SPEAKER_03 (06:27):
Well, turns out more than you'd expect.
I mean, it's becoming like apopular, I mean, with real
estate, it's like these trendswill come and go.
We may have someone in our verymidst that is utilizing somewhat
of a midterm rental kind ofsituation, even though it's not
necessarily, I don't know if youto use those words exactly but
(06:49):
would you professor I saidprofessor essentially
SPEAKER_00 (06:55):
it's not just for nurses too it's for people that
like if your house burned downand you need like temporary
housing sometimes insurancecompanies will call you and get
you set up there, or like P&G orlike these big companies.
People relocate.
As they're relocating for a newhome, they need like a place for
the months that they're lookingfor this home.
(07:17):
So it's like, it's definitelyniche, but there are sites that
you can use that will help aswell.
SPEAKER_03 (07:24):
Yeah, cool.
Yeah, from the article, it was aBusiness Insider article, by the
way.
I don't know if I cited that atthe top of the hour, but real
investor stories from thearticle.
Someone named Ziona McIntyre,who's a Colorado investor who
switched from Airbnb to midtermrentals during COVID, says she
now prefers it.
There's fewer headaches, longerstays, more independent tenants.
(07:45):
And she used Furnished Finderand focuses on three month long
tenants.
So she's, I mean, people likethis found the niche and they
say fewer headaches and longerstays and more independent
tenants.
I mean, that sounds like aproblem with, we've talked in
the past before about like,Airbnb must be kind of a scare
(08:05):
thing to do as a property owner.
You're leasing out this propertyfor a weekend to people that
could come in and treat it likegarbage and then leave.
Or it's like you have to worryabout doing updates and
cleanings more frequently forthe changeover for the next
guests.
But if you have three month longtenants, you get them in,
they're there for a few months,then you do one changeover and
then get your next tenants in.
(08:26):
It's less of a commitment foryou too as a landlord.
SPEAKER_02 (08:28):
Yeah, for sure.
SPEAKER_03 (08:29):
Dana Bull, a Massachusetts investor who
adopted midterm rentals tooffset rising mortgage rates.
says it's more work thanlong-term, but higher cashflow,
which makes it worth it.
So I'm guessing that, you know,higher cashflow is, do you think
people are charging more thantypical rent rates?
Yeah.
Like a standard year-long
SPEAKER_02 (08:48):
rent?
I would think so.
And that makes sense to have
SPEAKER_03 (08:50):
that
SPEAKER_02 (08:50):
sort of
SPEAKER_03 (08:50):
flexibility.
Yeah.
I'd be curious to know what likea typical, like if there's like
a, like a increase rate whereit's like, this is the median
rent amount in the UnitedStates.
And if you have a short-termrental like this or a midterm
rental, this is how much moreyou could theoretically make by
doing the rental.
SPEAKER_02 (09:07):
Right.
And I also wonder with midtermrentals, I bet you a lot of them
are furnished, which is like,you know, would also just
organically increase the rentrather than just, you know, on
top of like the regular.
That's fair.
SPEAKER_03 (09:19):
Yeah.
You got a TV in there.
You got a couch, a bed, all thestuff that you have, like nice
amenities and stuff like that.
So it's like, yeah, that makessense.
Maybe you'd be paying a littlebit higher.
I don't know.
Were you
SPEAKER_00 (09:28):
going to say something?
SPEAKER_03 (09:30):
Yeah.
What's going on with the cross?
SPEAKER_00 (09:33):
No, I was going to say something, but you answered
it because Because like, yeah,usually they're furnished.
And then a lot of the times theysay like, if you can already
have the utilities covered forthem.
Sometimes you charge higher.
Oh, like overcharge
SPEAKER_02 (09:50):
the utilities as a convenience sort of thing?
Yeah, so it's just like an easyin and out.
Yeah.
Yours is, your unit isfurnished, right?
Yeah.
And do you cover utilities?
Yes.
SPEAKER_00 (10:03):
Okay.
Yeah, it's a lot, honestly.
Really?
Because also you got to thinkabout people who are like, oh,
no, but this place, thisshouldn't be this high.
And you're like, well, you don'tknow how much the utilities
SPEAKER_02 (10:15):
actually are.
Oh, so like you're saying, thatby covering the utilities like
could be more convenient but itcould also lead to more like
questions from the tenant aboutthe pricing of the
SPEAKER_00 (10:25):
right okay right but it depends a lot of the times
when you do cover theirutilities the tenants i think
they don't really care about theelectricity so they like or
water so it's like just takingyeah two hour long showers yeah
go ahead i was gonna say but youalso want people there so it's
like How low do you put it?
Do
SPEAKER_03 (10:45):
you cover the cleaning?
When you have changeover foryour tenants, do you do the
cleaning yourself or do you havesomebody else do it for you?
SPEAKER_00 (10:52):
I do it myself.
SPEAKER_03 (10:53):
Really?
SPEAKER_00 (10:53):
Yeah.
SPEAKER_03 (10:54):
I got a job for you.
You want to come clean my house?
I'll pay you a nominal
SPEAKER_00 (11:01):
fee.
Honestly, I just can't.
If we have more units and stuff,but I can't see myself for one
unit that's upstairs havingsomeone else come in and pay
them.
SPEAKER_03 (11:10):
Hiring a cleaning
SPEAKER_00 (11:11):
company or something.
Yeah, I'd rather just go throughit and do it myself.
I mean, I got that toiletcleaned, the one I was telling
you about.
Oh, thank
SPEAKER_03 (11:17):
God.
Everyone knows that story.
You made it on the show, right?
Yeah, yeah.
SPEAKER_00 (11:20):
But I finally knew what to do, but we don't have to
get into that.
Okay.
SPEAKER_03 (11:25):
I'm going to call him Professor Mousset for now.
Yeah, I like that.
The moniker.
It rolls off the tongue betterthan Producer Mousset.
Yeah.
Professor Mousset.
Oh, he's good.
We're a podcast.
We'll sponsor.
We'll buy him a tweed jacket anda tie.
Come in and look like aprofessor.
A couple more investor stories.
Manny Reyna, a San Antonio hostwho uses midterm stays to avoid
(11:46):
hotel taxes and permit feesrequired for short-term rentals.
So that's another thing.
Hotel taxes?
I don't even know what thatmeans.
Like, is that tax?
tax a hotel pays?
I don't even know what thatmeans.
Yeah, no, yeah.
You get charged hotel taxes whenyou book like an extended stay,
even if it's one single night,there's taxes and fees with any
(12:09):
hotel purchase.
SPEAKER_02 (12:09):
But she avoids having, isn't that, is that not
something that the- She avoidsthe tenants having to pay those
fees by charging for theshort-term rental.
SPEAKER_03 (12:17):
Gotcha.
I'm going to cover the cost ofthe hotel for you to stay with
us.
Yeah.
No, not how it works.
Peter Keen Riviera a Seattlehost who mixes short and
mid-term depending on theseason.
The high summer returns fromshort-term stays, but in winter,
switches to mid-term for morestable income.
That makes a lot of sense.
Yeah.
We also haven't talked aboutcollege housing.
(12:39):
Yeah.
I guess those would be likesmart for mid-term.
Yeah.
You could do six, I mean, sixmonths, right?
You start in the fall, August,September, October, November,
December.
Yeah.
And then maybe it's like, eh,you do a semester here, a
semester there.
Yeah.
Who knows?
All sorts of things you could dowith these.
Aren't they so exciting,Patrick?
Yeah, they are.
(13:01):
Okay.
A couple bullet points from thearticle.
Short-term rental struggles.
Many cities are cracking down onshort-term rentals with permits,
taxes, and regulations.
Hotel taxes, for example.
For example, there could be ahotel that's working to charge a
citywide hotel tax.
Oh, no.
Constant guest turnover,maintenance, and
unpredictability can beexhausting for hosts, but
(13:21):
mid-term rentals can charge morethan long-term rentals without
the churn of air Airbnb-stylehosting.
So, you know, renters liketraveling nurses, remote
workers, and divorcees aredriving steady demand.
That's fascinating.
Didn't think about that part atall.
That's very interesting.
Tenants staying one to sixmonths often treat the place
better than weekend guests.
Like one investor compared theexperience to switching from,
(13:43):
quote, a frat party to aresponsible adult, end quote.
So it's kind of like, you know,you get somebody in there for
longer than a weekend.
They have just the– theprecedent that you set is like,
I want to take care of thisplace.
I'm going to be existing in thisplace.
I should not, you know, trash.
Yeah.
Drink 25 beers and throw up allover the rug.
Yeah.
Or also dog threw up on yourrug.
Can't you just get it cleaned?
(14:03):
You said he ruined your favoriterug.
Well, I don't like, I don't haverug
SPEAKER_02 (14:07):
cleaner
SPEAKER_03 (14:07):
at my, like, cause you take it to a, take it to
like a laundromat.
SPEAKER_02 (14:11):
Oh, you take it to a,
SPEAKER_03 (14:12):
or you can take it to it.
Yeah.
There's
SPEAKER_02 (14:13):
places that
SPEAKER_03 (14:13):
are like clean, clean fabric.
SPEAKER_02 (14:16):
I put a bunch of the, like, you know, like the
tide power spray thing.
I like, sprayed it with that,and I ran it under hot water and
scrubbed it, and I'm hoping thatdid the trick.
But it's kind of like amaterial, a different material.
It's like tweed maybe orsomething.
SPEAKER_03 (14:31):
Okay.
I don't know.
I'm hoping for the best.
I'll take a look at it tonight.
We'll keep you rugging ourthoughts.
Thank you.
Platforms like Furnished Finder,Facebook groups, or even
word-of-mouth help fill midtermrentals.
I'm unfamiliar with FurnishedFinder, Moussey, Producer
Moussey, Professor Moussey.
Professor.
Have you heard any...
Do you know what Furnish Finderis?
(14:52):
Have any experience with it?
SPEAKER_00 (14:53):
Yes, I actually use that.
Really?
Yeah.
It's pretty decent.
Honestly, it's hard to gettenants on there because these
are more like situational.
So some people are nurses, somepeople are like traveling to
complete their course orwhatever.
So...
(15:13):
Yeah, I use it.
It gets a good amount of leads.
You just got to make sure younail them down.
SPEAKER_03 (15:19):
Okay.
And you avoid the fees andrestrictions that Airbnb imposes
as well.
So yeah.
So it sounds like a lot ofpeople have a lot of different
methods of finding their midtermtenants.
By any means, you got to nail itdown.
And yeah.
So midterm works best in urbanareas or cities with medical
centers, business hubs, oruniversities.
(15:41):
I imagine that rural areas,midterm rental, probably
non-existent.
Next to non-existent in thecountry.
But if you're in the city,
SPEAKER_02 (15:49):
you know.
I just thought about this.
I want to add.
My cousin from Arkansas,Lincoln, he just moved to
Montana to be a firefighter,like a forest firefighter.
And I guess what they do is theystation them out.
That's where he's based, buthe's going to New Mexico or
something for a while andstationed out there.
I wonder if he does midtermrentals.
(16:10):
I should ask him.
SPEAKER_03 (16:11):
You should ask him to write in the answer to the
question to questions attherentishpod.com.
I will absolutely
SPEAKER_02 (16:18):
ask him that.
Lincoln, if you're listeningright now, which I know you
definitely aren't because you Ido
SPEAKER_03 (16:21):
this podcast.
Someone named Lincoln, if you'relistening, write in to questions
at the register.
Anyone.
Anybody, please.
UNKNOWN (16:30):
Please.
SPEAKER_03 (16:31):
Yeah, furnished units are a must, the article
says, but the returns oftenjustify the extra setup.
So, you know, you spend a littlebit more up front getting a nice
furnishings and like, you know.
Yeah.
Do you supply plates?
Do you supply eatery, too?
Eatery?
What do I call it?
Dishery?
Dishery?
SPEAKER_00 (16:50):
Cutlery?
What is it?
Kitchen essentials?
What is it called?
SPEAKER_03 (16:55):
Utensils?
Eating utensils?
Forks, knives, spoons.
There's another word
SPEAKER_00 (17:00):
for it.
It's silverware?
Mugs.
SPEAKER_03 (17:05):
Potential discussion questions.
So, Patrick, would you considerdoing a midterm rental over a
long Like in terms of like...
I think it's you as the renter.
Renter.
Would you consider...
Yeah, I mean...
Would this ever fit
SPEAKER_02 (17:17):
a situation for
SPEAKER_03 (17:17):
you?
SPEAKER_02 (17:18):
Like not...
Not now.
I'm trying to think.
There's been a situation.
Obviously, I was in college, andI lived with a buddy for two
months as, I guess, a renter.
So I guess that was kind of amidterm rental.
So I've done that.
That's true.
I rented a room in this housethat he bought.
Yeah.
I mean, if the situation arose,but I think the next property
(17:39):
I'll live in, I would like tobuy.
Sure.
So I don't know.
What about you?
SPEAKER_03 (17:45):
Yeah, I don't know.
I'm kind of in the same boat.
It's like I'm in a place now.
hour it's like well i'llprobably look to buy as my next
as my next move like not movingto another place to rent the
only exception this is this islike pie in the sky would be if
i chose to like travel abroadlike a midterm rental for like
if what if i wanted to you knowspend some time in norwegia
(18:09):
norwegia and uh i had to get amidterm rental out there you
know and be able to you know nothave to lock myself down to a 12
month lease.
I could stay somewhere for fiveto six months, get some
experience, work abroad, study.
Are you planning on doing that?
No, I'm not.
I was just hypothetically, I'mlike, well, that would be a
(18:30):
situation I could see.
Talk about a hypothetical.
SPEAKER_02 (18:33):
The far lands of Norwegia.
Norwegia.
SPEAKER_03 (18:37):
What types of tenants would you feel most
comfortable hosting?
SPEAKER_02 (18:40):
I don't know.
I mean, like, I just feel like atenant that would respect the
property.
So, for example, if I was goingto do a short-term or I'm sorry,
mid-term rental, I I wouldprobably not want to do a frat
house personally.
I
SPEAKER_03 (18:53):
would probably say it's probably a little scary for
people renting out midtermrentals to college kids, just
knowing the propensity of whatcollege kids can do to a
property.
I would imagine that a thoroughapplication process would
probably be part of a midtermrental.
Would you say so?
I
SPEAKER_00 (19:14):
think so.
I think if you use FurnaceFinder, people on there...
I think they got to go throughthe verification.
And then on top of that, ifyou're like a nurse or whatever,
you're also vetted anyway bythat company.
So they go through like a lot oflike vetting processes.
I feel like if you use midterm,that's one of the perks also.
But I mean, you could just, youknow, have somebody that you
(19:38):
know that wants to do three tosix months and you just got to
do what we always say.
Yeah.
For the tenant screening.
SPEAKER_03 (19:45):
Right.
UNKNOWN (19:46):
Yeah.
SPEAKER_03 (19:46):
Nice drop.
That's about it.
I mean, midterm rentals, theydon't seem to be just a trend.
They're becoming strategic movesfor investors looking to
increase returns with fewerheadaches.
As housing markets shift andtravel habits evolve, they offer
a practical middle groundbetween stability and
profitability.
So it's interesting to hear.
It's cool to hear someperspective from our producer,
Moussey.
(20:06):
But yeah, if anybody has anythoughts or opinions on
short-term, midterm rentals,feel free to reach out.
Questions at therentishpod.com.
I couldn't remember the emailfor a second.
Oh, boy.
All right.
Well, we made it through thenews.
That was fun, informative.
Now it's time to get into thegood stuff.
SPEAKER_02 (20:28):
The good stuff.
By the good stuff, you meanHogwarts, the Wizarding World's
most iconic property?
Then yes.
SPEAKER_03 (20:41):
Yeah, we're going to talk about Harry Potter.
What was that?
That was the lightning thathappens at the opening.
Opening title sequence.
SPEAKER_02 (20:49):
I had no idea what that was.
By the way, whichever producerwrote this one, which I think
was Charlene...
Was it?
Yeah, she got really into it.
So I'm going to read some ofthis stuff word to word.
Oh, my
SPEAKER_03 (21:03):
God.
There are five pages of Harry
SPEAKER_02 (21:06):
Potter stuff.
I know.
Usually this is a little bitmore bulleted.
But, yeah, I think Charlene wasgetting excited.
SPEAKER_03 (21:11):
Yeah, this is real.
So introduce the segment.
Real Estate Real, right?
Real Estate
SPEAKER_02 (21:15):
Real.
Welcome
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to Real Estate
SPEAKER_02 (21:17):
Real.
Like R-E-E-L.
But, like, the first one'sR-E-A-L.
I feel like we cover that everytime.
I feel like I don't need tostart covering that.
Well, we
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just got to make sure that everybody really
understands exactly what we'regoing for here.
It's a pun.
It's fun.
Everyone has a good time.
SPEAKER_02 (21:29):
It is funny because it's real estate, but it's also
like movies and TV, like a filmreel.
That's why it's funny.
Yeah, basically we talk abouticonic properties from TV and
movies and explore their realworld locations as well as the
quirks and the property valueand all that.
Yeah, and today we're going totalk about Harry Potter's
(21:51):
Hogwarts Castle, the HogwartsSchool of Witchcraft and
Wizardry as it's formallycalled.
Yep.
One of the most, I think,legendary fictional properties
of all time, certainly of the21st century.
Oh,
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definitely.
If you've been living under arock for the last 20 years, the
silhouette of the castle ofHogwarts is just one of the most
iconic fictional things, Ithink, that have been created in
the last few decades.
For sure.
And yeah, the building itself,beautiful.
I mean, how would you describethe castle?
SPEAKER_02 (22:22):
I mean, it looks...
I mean, I don't know.
It's like cone, cone.
They kind of look like cones,right?
The castles.
I would say
SPEAKER_03 (22:32):
very, very purposefully, like kind of like
medieval architecture.
I mean, it's got like, yeah,like the, yeah, like a spires.
There's like multiple differentspires that jet up.
So it kind of has like a jaggedysort of look.
Right.
It's
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really, really cool.
Medieval, magical, mystical,wizarding.
SPEAKER_03 (22:52):
All of the magical adjectives.
Yeah.
SPEAKER_02 (22:55):
I hadn't seen Harry Potter.
I haven't read the books, but Ihadn't seen it until like COVID
hit basically.
Yeah.
Well, like my sister, I alwaysgot annoyed with the Harry
Potter like super fans becausemy sister was one of them.
And it was just kind of like oneof those things like I was in
this English class and everybodylike when they found out I had
never read Harry Potter or seenthe movies, they made me take
(23:17):
like the sorting hat quiz testthing.
Let me
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guess.
Let me guess.
Let me guess.
They put you– I bet you they putyou in– In Ravenclaw.
No, I was Hufflepuff.
Really?
Yeah, yeah, yeah.
That actually checks out too.
SPEAKER_02 (23:31):
See, that's the thing.
Literally the professor stoppedthe class so I could take the
quiz test and I got a Hufflepuffnot knowing what that meant.
And they're like, oh, you wouldbe a Hufflepuff.
And I'm like, it's just so, Iwas getting so annoyed.
Until COVID hit, I didn't haveany excuses.
My sister, I watched the wholething in like 48 hours, my
sister.
And I get it.
I love them.
I thought it's great.
(23:51):
I totally get the appeal.
I totally get the fandom.
I think the story is great.
The characters are great.
The world building is awesome.
I haven't read the books.
Have you read the books?
You should, yeah.
Okay.
I've heard they're even better.
SPEAKER_03 (24:02):
Yeah, I actually was reading the books at the same
time the movies were coming outand seeing them as well.
So it was really, really cool tobe in that world and have the
books be going concurrently andthen going to see the movies and
going to see the midnight.
This was still at the time ofmidnight movie releases, but
seeing the last Harry Pottermovie at midnight with a big
(24:24):
group of friends in my hometown.
was like a quintessential highschool memory for me, which is
crazy because it's like nowwe're coming up on however many
years that this, that HarryPotter has been a franchise.
And it's just so, so many iconicthings have come from the
wizarding world and from all ofthat stuff.
Yeah.
But yeah, specifically theHogwarts castle.
(24:44):
I mean like tattooed onmillions, I must assume that
people have gotten thesilhouette tattoo.
You can actually visit it.
I've, I've been to Hogwarts,Pat.
Oh, Twice.
Universal Studios.
Okay, gotcha.
(25:18):
is really really impressivebecause of the way that they're
able to manipulate scale youactually think that you're
looking at this gigantic castlethat's far away and it makes you
feel like you're in anotherworld yeah and then you get
closer to it and you realizethat it's really just the
perspective of their it's a it'sstill a big structure but they
make it seem like this giganticcastle so you can really put
(25:40):
yourself in the place of likebeing in hot in the world really
right but yeah you mentioned wementioned the the spires of the
castle and the jagged look ofit.
Also, we should probably mentionthe lake.
I'm going to get burned by my
SPEAKER_02 (25:52):
Harry Potter trivia.
Black
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Lake.
So the Black Lake surroundingit.
So it's kind of like in a littleinlet on the lake.
It kind of sits in the middle ofthe water, which I've always
thought was a really cooldesign.
But yeah.
With the mountains and
SPEAKER_02 (26:05):
the Forbidden Forest, I think is what it's
called.
Yeah, so like Hogwarts has allthose things.
It's a hidden castle in theScottish Highlands.
But in real life, much of theexterior of Hogwarts was filmed
at Alnwick Castle inNorthumberland.
I don't know if that's how I...
(26:26):
Northumberland.
Northumberland.
You've got to pronounce
SPEAKER_03 (26:29):
everything with
SPEAKER_02 (26:30):
just a wee British accent.
I'm not good at...
Northumberland, England.
Yeah, that
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was rough.
Northumberland, England.
There we go.
That's better.
That's my Dolores Umbridge.
Northumberland, England.
Not a thumb.
Northumberland, England.
That
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was good.
That was good.
Or was I?
Oh, yeah.
And a lot of the interior shotswere at locations like.
Give this one a shot.
Oh, God.
Gloucester Cathedral.
I'm going to guess it'sGloucester.
SPEAKER_03 (27:05):
Gloucester.
Gloucester.
Gloucester.
Because I think I don't thinkyou pronounce the O-U in Scott
in those kind.
So it's like GloucesterCathedral.
SPEAKER_02 (27:15):
I got this one in lockdown, though.
Durham Cathedral.
Durham, not Durham.
SPEAKER_03 (27:20):
Durham.
SPEAKER_02 (27:21):
No, Durham.
SPEAKER_03 (27:22):
The Durham
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Cathedral.
Durham Cathedral and thenvarious sets at Levisden Studios
near London.
SPEAKER_03 (27:32):
I love that was like two sentences written on the
page that took you so that tookso much effort for you to
pronounce all of those words.
SPEAKER_02 (27:41):
But anyways, Alnwick Castle.
It's a real lived in castle.
That's the one where the firstone we talked about with a bunch
of the experience.
shots.
It's a real lived-in castle andhas been home to the Duke of
Northumberland's family for over700 years.
Wow.
Yeah.
That's older than America.
It now serves as both a privateresidence and a tourist
(28:02):
attraction.
See,
SPEAKER_03 (28:03):
that is interesting.
I didn't actually know that thecastle, like, the castle's a
tourist.
It doesn't look, by the way,anything like Harry Potter.
So, like, this is AlnwickCastle.
Right.
And it kind of, I could see,like, maybe some of the ground
shots doing there or, like, thatinterior like this yeah like
this almost looks like in thefirst movie where they do like
the learn how to play Quidditchscene right is like kind of in
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like a castle area like that butit's like it's not really like
Hogwartsy I mean they canactually go tour this place
SPEAKER_02 (28:31):
a lot of it was like CGI I'm sure but yeah I mean
they filmed you know they filmedshots on
SPEAKER_03 (28:37):
the yeah
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but they
SPEAKER_03 (28:39):
did they pride themselves on doing a lot of the
stuff in Harry Potterpractically like using like
actual environments there's nota whole lot of shots I think in
that series where they're ongreen screens yeah Oh, okay.
Gotcha.
Until you get to the morefantastical stuff.
But, yeah.
I mean, Pat, I got good news.
If we want to book a tour fortomorrow, it would just be a
(29:01):
mere 21 quid.
I have no idea how much that is.
I always get tripped.
I don't know what the conversionrate is between a euro and a
pound.
What's a quid versus a pound?
I don't know.
I just said quid because I loveit when British people say quid.
It's like, oh, I've just got 100quid in it.
Hand that
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to the cashier.
That was good.
Cool.
For tomorrow, you said I'm downto book.
Yeah,
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we just need to book flights.
So three thousand dollars later,we'll be able to tour Fenwick
Castle or whatever.
But
SPEAKER_02 (29:33):
yeah, as far as the filming of Harry Potter, these
historical landmarks like allthe way can glooster require
special permissions often comewith the condition that the
production won't alter theoriginal structures.
So Yeah.
Yeah, which also makes sense.
I mean, a building that's over700 years old.
I mean, you don't want like amovie studio coming and making
(29:56):
all sorts of demo.
We need to
SPEAKER_03 (29:58):
blow out all these walls.
Oh, mercy.
Lord have mercy.
God save the queen.
do you think they're going tofilm at the same do you think
they're going to use either ofthese castles for the new HBO
series the Harry Potter HBOseries or do you think they're
(30:18):
going to
SPEAKER_02 (30:19):
that's probably going to be green screen
SPEAKER_03 (30:21):
I think they are filming in the UK
SPEAKER_02 (30:23):
I think so I mean they can still film with green
screens in
SPEAKER_03 (30:25):
the UK I know but if they're closer to these sorts of
landmarks maybe it would behoovethem to go and shoot there
SPEAKER_02 (30:31):
I don't know yeah I'm actually not sure about that
we can ask Charlene I'm sure whoyou know did the whole article
we'll see yeah I don't know Whatelse you got for me?
As far as how much Hogwartswould cost, castles in the UK
often don't go up for sale,believe it or not.
He's
SPEAKER_03 (30:50):
scrolling on Zillow.
We found this home that youmight be interested in.
It's an$800 billion castle.
SPEAKER_02 (30:57):
According to this stat, I don't know where this
was found, but if Hogwarts werereal, the
SPEAKER_03 (31:02):
castle...
Our real estate professionalsfound this stat.
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If Hogwarts were real, the castle alone could be
valued at two to 300 million USdollars, not including magical
enhancements.
SPEAKER_03 (31:17):
You know, I've never really thought about it.
Who owns, who owns Hogwarts?
Like, there's always aheadmaster.
No, but he's the headmaster, notthe owner.
Like, he's not the propertyowner.
Who's the leasing agency forHogwarts?
Some landlord in SouthernCalifornia.
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He just wanted to invest in this magical castle.
SPEAKER_03 (31:40):
Dumbledore.
Dumbledore.
Dumbledore.
It's like his office toilet hasa leak and he's got to call this
guy.
It's like Bob from Sacramento.
Like, I seem to have a leak inthe enchanted castle.
All right.
Just go ahead and submit amaintenance ticket.
We'll get to you as soon as wecan.
(32:00):
Oh,
SPEAKER_02 (32:02):
man.
That's funny.
All right.
So as far as some of thefeatures of Hogwarts, Hogwarts
is apparently seven floors withhundreds of rooms.
Hogwarts, as we know, has fourdistinct house dormitories and
common rooms.
SPEAKER_03 (32:15):
We can't.
So Hufflepuff.
Hufflepuff.
You're what?
I didn't even ask.
What do you think I am?
SPEAKER_02 (32:21):
You're Gryffindor.
I was Hufflepuff.
Really?
Yeah.
Okay, I guess that also doesn'tsurprise me too much.
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Hufflepuff.
SPEAKER_02 (32:28):
Puff out.
Puff it out.
You're too far away.
What
SPEAKER_03 (32:31):
were you, Producer Moussey?
SPEAKER_00 (32:33):
You don't know?
I didn't take it.
I just didn't like Malfoy, soanything that doesn't have
Malfoy in
SPEAKER_03 (32:38):
it.
So you don't want to beSlytherin?
Yeah.
Okay.
So I feel like the Sorting Hatright now, you're like, not
Slytherin, not Slytherin.
Oh, not Slytherin, eh?
We'll sort you once we get back.
Or sort yourself now.
SPEAKER_00 (32:53):
Oh, I'm
SPEAKER_03 (32:54):
sorted.
Go sort yourself.
Are you sorted?
You sort yourself, I'm going tosay.
Seriously.
Yeah, do it.
By the time we're done with thissegment, you'll have sorted
yourself.
SPEAKER_02 (33:05):
All right.
Let's get to the other featureshere.
Great hall that seats hundredswith enchanted ceilings, a vast
underground dungeon system.
SPEAKER_03 (33:13):
Yeah.
SPEAKER_02 (33:13):
Love the
SPEAKER_03 (33:13):
great hall, by the way.
I think that that's such a cooldesign.
I love the fact that, like, theceiling can change depending on
the weather, depending on theevent.
It's just such a beautiful,like...
such a it's such a beautifulimage to to see and the moving
staircases too yeah the movingstaircases great concept i love
the idea that it's like thecastle's always changing and
(33:33):
it's like i would be dude as i'man anxious person imagine being
anxious in college and not beingable to get to your class on
time and then you're likefreaking stare and it's like it
changed direction you got towait for it to swing on back to
the other side or whatever it'slike god
SPEAKER_02 (33:49):
well actually hogwarts apparently has 142
staircases all Although thatnumber may fluctuate due to
magic.
But yeah, it's a lot ofstaircases.
Okay.
And as far as the Great Hall, itwas inspired by the Christ
Church College at Oxford, one ofthe most architecturally famous
dining halls in the UK.
I did
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not know that.
SPEAKER_02 (34:08):
Yeah.
SPEAKER_03 (34:10):
Interesting.
So Oxford.
SPEAKER_02 (34:11):
Like the university.
SPEAKER_03 (34:13):
Yeah.
Wow.
Okay.
That's cool.
You missed the Quidditch pitch.
SPEAKER_02 (34:16):
Yes, I did miss the Quidditch pitch.
I'm running around here.
Yeah, the Quidditch.
I still don't really fullyunderstand the rules.
of Quidditch, but...
SPEAKER_03 (34:24):
It's flying soccer.
SPEAKER_02 (34:25):
Is that all it is?
It's
SPEAKER_03 (34:27):
flying soccer with a bit of baseball.
So basically, you've got the twoteams of people.
I'm not going to go through allthe positions, but you're
basically trying to get theballs, hit the balls, or throw
the balls into the differentnets to get different values of
points.
But you can also defend byhitting the balls in the other
direction.
And people are doing the wholething in air on broomsticks.
(34:50):
And you can actually playQuidditch in real life There are
leagues all across the UnitedStates where they do, like,
field hockey, basically, is whatit is.
Hockey is probably a betterexample.
It's hockey on broomsticks.
SPEAKER_02 (35:02):
But then Harry Potter was, like, a special
position where he was chasingthis little thing, right?
He was the seeker.
What does that mean?
SPEAKER_03 (35:09):
So the seeker is the Quidditch, like, weird, like,
there's one person on each teamthat their sole purpose, their
only job is to fly aroundlooking for this tiny little
metal ball with wings called theGolden Snitch.
Mm-hmm.
And if they catch the snitch,the game is over because they
get the maximum amount ofpoints.
They get 100 points and it ends.
That's like a really valuable.
(35:30):
Yes.
Okay.
That's why Harry Potter was thebest seeker since his own
father, wasn't it?
Oh, is that a quote?
Yeah, let's talk about that.
Yeah.
They talk about it in the firstmovie that Harry's dad was a
seeker and that's why.
It's fate that he ends upgetting recruited to be the same
position as his dad on the team.
There's a shot in the firstmovie where he looks at a trophy
case of like his dad behind thetrophy case.
(35:51):
Okay.
I'm not remembering.
I got it.
Got to rewatch these.
It's been
SPEAKER_02 (35:54):
a bunch of years.
Cool.
So if built today, a structureof Hogwarts size and complexity
could exceed 500,000 squarefeet, making it larger than the
Buckingham Palace, believe it ornot.
SPEAKER_03 (36:05):
Buckingham Palace.
That's crazy.
SPEAKER_02 (36:07):
Yeah.
Pretty big.
Pretty big.
Pretty big.
SPEAKER_03 (36:09):
Yep.
SPEAKER_02 (36:11):
So as far as like building Hogwarts, if a
non-magical developer tried torecreate Hogwarts with modern
materials, historical detailing,and special effects, it could
cost upwards of a billion USdollars Someone should do it.
I dare you.
SPEAKER_03 (36:24):
Some billionaire.
For all billionaires listeningto this podcast, go recreate
Hogwarts.
SPEAKER_02 (36:29):
Yeah, I mean, I bet you they can make a ton of money
off of people going to
SPEAKER_03 (36:33):
business.
Checking Airbnb.
How much?
All right, so if the propertycosts$1 billion to make and I
wanted to rent out the castle ofHogwarts for a weekend.
That, oh, do that math and say.
15K for a weekend, maybe 20.
SPEAKER_02 (36:47):
It costs a billion dollars and you want to rent it
out for three days.
Well, it costs a billion
SPEAKER_03 (36:51):
dollars to make.
I don't know if we can do that.
we can mathematically get to themonthly, to how much it would
cost
SPEAKER_02 (36:56):
to rent out.
Well, how much would a milliondollar home cost to rent out for
a weekend?
And then we could just multiplythat by a thousand.
I'm doing Chad to BT, so tell mewhat I need to put in there.
All right,$1 billion is thecost.
How much can you rent that homeout for a weekend?
Wait,
SPEAKER_03 (37:15):
okay.
If a property costs$1 billion,like as the property cost, What
would it cost to rent it for aweekend?
SPEAKER_00 (37:24):
He's going to
SPEAKER_02 (37:24):
ask me square feet.
What?
That has nothing to do withsquare feet.
It's$500,000, though.
All right, I'm not going to putthe square feet.
And so it's thinking.
We're
SPEAKER_03 (37:33):
doing live
SPEAKER_00 (37:34):
AI.
It says around$10 million ayear, so it could be$27,000 for
seven days.
For two days, it could be$60,000.
$60,000 or$16,000?
Oh, wait a minute.
Estimated weekend cost is$55,000.
SPEAKER_03 (37:53):
$55,000 for a weekend.
SPEAKER_02 (37:55):
That's actually insane.
That is a salary.
SPEAKER_03 (37:58):
Worth it.
Why not?
Okay.
What else you got for me?
SPEAKER_00 (38:05):
Yeah.
So I also found out what I am.
SPEAKER_03 (38:10):
Oh,
SPEAKER_02 (38:11):
did you test it?
Let me guess.
Let me guess.
Let me guess.
Let me say it's pure of heart.
I bet he's Gryffindor.
I bet he's Gryffindor.
SPEAKER_00 (38:17):
Gryffindor.
Okay.
SPEAKER_03 (38:19):
It'd be funny if you got Slytherin.
SPEAKER_00 (38:21):
No, it's the one I didn't want to get.
It's like, no, it's Gryffindor.
Oh, yes.
It says I have mascot line,colors red and gold, ghost,
nearly headless Nick.
I don't know what that means.
SPEAKER_03 (38:37):
What about the upkeep on this backboard?
I wanted you to read that.
SPEAKER_02 (38:43):
Okay, we'll go ahead and take a step back.
So a billion dollars for thecost.
Now, as far as how that breaksdown, stonework, stained glass,
gothic detailing alone.
racks up tens of millions ofdollars.
The infrastructure for secretpassageways, elevators in place
of magic, and massive dininghalls require complex
engineering.
But the upkeep cost for heating,maintenance, and staffing a
(39:04):
building of that size, easily inthe millions annually.
So like on top of the billiondollars, millions annually.
Now as far as owning Hogwarts.
Unless
SPEAKER_03 (39:12):
you're able to hire house elves.
That's a really good point.
Or not technically hire them,but we don't talk about that
anymore.
Dobby's a free elf, all right?
We're all good now.
We're all
SPEAKER_02 (39:26):
good.
So, yeah, even if you had abillionaire want to do that, it
comes with complications.
So...
Listed historical buildings inthe U.K.
come with strict preservationlaws.
SPEAKER_03 (39:36):
Yeah, that makes sense.
SPEAKER_02 (39:37):
Yeah.
The Scottish Highlands wouldimpose planning restrictions to
maintain the local landscape.
So, obviously, this giantstructure might not fly.
And, of course, you need theMinistry of Magic's approval,
assuming you're a wizard.
So that's another complication.
SPEAKER_03 (39:52):
Okay.
SPEAKER_02 (39:53):
Related real estate fun facts.
The average castle in the U.K.
sells for$5 to$10 million.
Obviously, Hogwarts is in adifferent league.
UNKNOWN (40:02):
Okay.
SPEAKER_02 (40:02):
And some developers, since the book and movies, have
tried creating the Hogwartsstyle of homes, including fancy
castles in the U.S.
priced at$10 million.
Can
SPEAKER_03 (40:14):
you imagine being such a Harry Potter fan that you
commission a castle to be built,like a small-scale castle to be
built in the United States?
That's hilarious.
SPEAKER_02 (40:26):
Speaking of which, some private schools are modeled
after Hogwarts.
SPEAKER_03 (40:31):
Now that is cool.
I would love to go to.
So you read the books during, oryou watched the movies during
COVID, so you were an adult bythe time you first.
I was 20, yeah.
So I don't think you realizewhen I was a kid reading these
books, I legitimately, there wasstill a time in my life where I
was like, I was still animaginative kid that didn't
realize that the world was justgonna tear me down and keep
(40:54):
beating me down.
And I was like, one day I'mgonna get my owl from Hogwarts.
And I was like, one of thesedays it's gonna happen.
I'm gonna get the owl it's gonnacome in I'm gonna get my letter
and I'm gonna go to Hogwarts Ilegitimately thought and that
was like while these books werecoming out and then I realized I
was like oh magic
SPEAKER_02 (41:12):
did you wait did you like read each one as it came
out
SPEAKER_03 (41:16):
yeah well I think I think the first three had been
out because I remember readingthose back to back to back to
back and then the rest of them Iremember going like my mom
picking up a copy and bringingit home for me like from the
bookstore when they came outwell hold on huge I mean, like,
Patrick and I have a bit of anage gap between the two of us.
I'm a millennial through andthrough.
(41:37):
We're going to talk about it.
But, like, Harry Potter isprobably the biggest millennial
franchise that there is for,like, my generation.
New IP, like, for my generation.
Harry Potter is, like, probablythe biggest thing.
Similar to what, like, Star Warswas like for adults.
SPEAKER_02 (41:52):
I mean, I'm a Gen Z-er.
I'd say the exact same for mygeneration.
SPEAKER_03 (41:56):
So you think it spilled over to
SPEAKER_02 (41:57):
Gen Z-ers as well?
Oh, totally.
I was in the minority of peoplein terms of, like, not reading
Harry Potter and, like, L.A.
my dream middle school
SPEAKER_03 (42:03):
it's cool because like yeah it's like I remember
existing in a time when thatstuff was still happening like
the end hadn't come out yet soit's like it's cool to hear that
like it passed on to the nextgeneration
SPEAKER_02 (42:12):
so I pretty much I had just finished kindergarten
when the last book came out Itwas July 2007.
Disgusting.
SPEAKER_03 (42:20):
I want you to know that my headache just got ten
times
SPEAKER_02 (42:23):
worse.
Maybe it was first grade.
Hold on.
What year were you inkindergarten?
You were
SPEAKER_03 (42:26):
not in kindergarten when the last book
SPEAKER_02 (42:27):
came out.
When are you seven years old?
What grade are you in?
I
SPEAKER_03 (42:31):
can't do that calculation
SPEAKER_02 (42:32):
for you right now.
That's not second grade.
You were in second when you wereseven?
You were in second grade whenthe last book came out?
Okay, so I had just finishedfirst grade.
Never mind.
Sorry, go
SPEAKER_03 (42:45):
ahead.
Yeah.
Yeah.
Anyway, it's an impactfulfranchise for a lot of people.
I think we can all agree onthat.
You got anything else for me?
What do we got?
We got time.
We got time.
We got
SPEAKER_02 (42:56):
time.
SPEAKER_03 (42:56):
We got nothing but time.
SPEAKER_02 (42:58):
Okay, I got a few things.
I'm just going to read theseword for word because I know
Charlene had a fun time writingthem.
Most rooms at Harry Potterappear to lack basic plumbing or
heating, although magicpresumably solves these
problems.
And security would be anotherissue between trolls, death
eaters, and moving staircases.
You'd need serious insurance.
SPEAKER_03 (43:17):
Well, I would imagine that you would.
So, yeah, you would need toinsure the property, as we've
covered.
There are specific, like,preservation laws.
So, yeah, that makes sense.
SPEAKER_02 (43:26):
After the success of the films, the Alnwick Castle
that we previously talked aboutsaw a 300% increase in tourism.
Huh.
So good for the Duke whelming.
SPEAKER_03 (43:38):
Yeah, good for the 700-year-old family.
Yeah.
They're fine.
Before America.
Yeah, yeah.
Who'd have thought?
Yeah, I mean, the tourism mustbe absolutely insane there.
I mean, they literally had tobuild the Wizarding World in
Orlando to make it so thatpeople could stay within the
continental United States andenjoy the environments and the
(43:59):
magicalness of the world andstuff.
And I don't know.
It's cool.
Again, like we have.
We have it on here, theWizarding World in Orlando.
Yeah.
If you go, you can actually geta wand and go through the whole
Ollivander thing.
It's awesome.
SPEAKER_02 (44:14):
It's very cool.
I went even before I was a HarryPotter fan.
I loved the whole world there.
Yeah.
Very cool.
All right.
Last thing.
Hogwarts was named the numberone fictional property people
would want to visit in multiplepoles worldwide.
SPEAKER_03 (44:27):
That makes sense.
Number one fictional property.
Yeah.
Yeah.
Maybe one of these days we'llstart listing all the fictional
properties we talk about interms of which ones we would
want to live in from most toleast and have a running list
for all the episodes.
It's going to be like thisversus the Seinfeld apartment.
I'd rather live in the Seinfeldapartment than Hogwarts Castle.
(44:49):
I want to exist in 1994.
Cool.
I
SPEAKER_02 (44:53):
mean, that's pretty much it.
Thanks for listening.
SPEAKER_03 (44:56):
Well, I've got Harry Potter questions, so we can't
end without talking about themovies for just a little bit.
A couple minutes.
I want to know, and feel free tochime in, Professor Moussey.
I want to know favorite movie,favorite book, least favorite
movie, least favorite book.
You got that?
Favorite movie, favorite book,least favorite movie, least
favorite book.
SPEAKER_02 (45:15):
I feel
SPEAKER_03 (45:16):
like everyone's got one of each.
SPEAKER_02 (45:17):
Considering I haven't read the books, the
movies kind of all blendedtogether for me.
It's because I watched them backto back.
I literally watched them within48 hours.
My least favorite movie was TheGoblet of Fire.
What?
Yeah.
Besides the last 30 minutes,which was great.
Most of it just kind of– itseemed like the one movie that
(45:39):
was just kind of like filler,like the whole like games thing.
What?
Just kind of like from my– assomebody who hadn't read the
books, it just kind of seemed–it was just like they're just
doing this.
But it was a complete sidetrackfrom the first three movies and
then like what was then to come.
So it was my least favoritemovie.
That's crazy.
What a take.
I loved the first three moviesand then I loved– I think the
first three I really loved.
(46:00):
The last one I loved– Yeah, Ireally liked them all.
Snape was my favorite character.
I know that's not a hot take atall.
Mr.
Potter.
I thought he was just a greatcharacter.
Turn to page 194.
That
SPEAKER_03 (46:11):
was
SPEAKER_02 (46:13):
a good
SPEAKER_03 (46:13):
thing.
Thank you.
All right, what about you guys?
Go ahead.
Do you have one?
Do you have it at the top ofyour head?
SPEAKER_00 (46:19):
The favorite book, because I think I only read the
first one, was Sorcerer's Stone.
I think the favorite movie wasPrisoner of Azkaban, because
that's the one with the bird,right?
Oh, that's a good one.
The one with the bird is like...
SPEAKER_03 (46:32):
Fox the Phoenix?
SPEAKER_00 (46:33):
Yeah.
UNKNOWN (46:33):
Yeah.
SPEAKER_03 (46:34):
Well, the Phoenix shows up in multiple things.
Or are you talking about theHippogriff?
SPEAKER_00 (46:38):
The Hippogriff, yeah.
Then,
SPEAKER_03 (46:39):
yes, you're talking about Azkaban.
SPEAKER_00 (46:41):
Yeah.
So I think that one.
And then, honestly, I didn'twatch the other ones.
I have to catch up and watchthese other ones.
They're
SPEAKER_03 (46:47):
good.
Yeah.
Buckbeak's the homie.
Shout out, Buckbeak.
Love you, buddy.
Almost named my, I was thinking,that was a name that got tossed
around when we were naming mydog.
I was like, what about Buckbeak?
That'd be funny.
I was like, that'd be anightmare to say.
Favorite movie, Azkaban,undoubtable.
I think it's the best in thatseries.
Least favorite movie isHalf-Blood Prince.
(47:09):
Just because of all theVoldemort stuff that they cut
out of it, I think thatHalf-Blood Prince is a really
well done movie, but theybutchered it compared to what
the book is.
Favorite book is, Half-BloodPrince.
Least favorite book was probablyChamber of Secrets or something.
Chamber of Secrets is kind ofjust pretty straightforward and
not really that crazy, buteverything else is awesome.
(47:31):
Great series.
Really, really fun.
The movies are awesome.
Very curious to see what they'regoing to do with this HBO
reboot.
This is like...
This is going to be a big deal.
It's the first big property tocome out since the 2000s that's
getting a reboot already.
Batman.
I see what you're saying.
A property that was original andwas a big deal for kids growing
(47:54):
up in the 2000s is now getting aremake.
So it's like how people feltwhen they remade Jurassic Park
or whatever.
It's like this is the firstthing that hasn't been touched
that's been a big popular thingin our life.
Right.
That's getting retouched.
Yeah.
So it's going to be verydivisive.
We'll see how.
People are going to be veryreactionary to how this thing's
(48:15):
going to go.
And I'm very curious to see howit does.
But I wish them the best.
All right.
Thank you guys for listening tothis episode of The Rentish Pod.
It's been a fun one.
I've got to talk nerdy wizardstuff.
And we also got to talk about,let me check my notes, midterm
rentals.
We'll be back next time withmore fun property management and
real estate.
Remember, follow The Rentish atTheRentishPod on Insta.
(48:35):
You can go to TheRentishPod onSpotify, Apple Podcasts.
Listen, subscribe, give us arating, give us a review.
Email questions atTheRentishPod.com.
I've been Zach.
That's been Patrick.
That's been Professor Moussey.
And we'll see you guys nexttime.
What's going on everybody?
My name is Zach and I'm herewith my co-host Patrick.
What up?
And we're your hosts for theRentish podcast, which is a
podcast that's kind of aboutrental properties and hosted by
two guys that work in the realestate industry and sort of know
what they're talking about.
SPEAKER_02 (00:19):
But mostly don't.
SPEAKER_03 (00:23):
Yes, Patrick, mostly we don't, which is why you're
going to have fun hearing ustalk to experts, learning along
with us or just laughing at howlittle we know.
Patrick, your Mostly We Don'tthis week is emblematic of
exactly how I'm feeling rightnow.
Energy, a bit low, but we'regoing to talk about some fun
stuff, and I'm going to pumpthat right up and just get right
(00:44):
back into the zone.
I
SPEAKER_02 (00:45):
think you misunderstood my butt, because
my butt was very high.
It was a high-energy butt.
SPEAKER_03 (00:51):
No, it was like, buh, and that's how I feel like
the world is right now.
It's like, uh.
It's just like humming at thisconsistent frequency.
It was supposed to be a
SPEAKER_02 (01:00):
buzz.
like a like a they're great youknow tony the tiger
SPEAKER_03 (01:05):
like the thx sound oh man all right uh yeah rentish
podcast follow us on this on thethings you got you know where it
is if you go to the podcastfeeds apple spotify wherever you
get your podcast you can findthe rentish um subscribe to us
the rentish uh at the rentishpod on instagram email questions
(01:26):
at therentishpod.com if you havequestions that you'd like to ask
the show uh we appreciate eachand every one of you for For
coming out and listening to theshow.
It's been a lot of fun beingable to record.
We've got some fun stuff comingup, right?
I think we've got someinterviews and things that we're
going to be doing.
No, not today.
Just teasing future episodes.
(01:47):
We might bring back some smartpeople, some smarties other than
us.
But yeah, today we're going tohave a good time.
We're going to talk about a lotof fun stuff.
But Pat, before we get intoeverything, how are you doing?
How's your day?
SPEAKER_02 (02:00):
I'm okay.
Yeah.
I thought it was...
I thought it was Thursday todaymy sheets in the closet, my
(02:34):
comforter, and then twice on,like, just the hardwood floor.
And so, yeah, that's been adisaster.
And so then I ended up puttingthe dog back at, like, 1 a.m.
I put the dog back in myneighbor's apartment, and I get
there this morning, and then shepooped in my neighbor's kitchen.
So I had to deal with that thismorning.
But, yeah, anyways, I'm dealingwith that.
I feel, I mean, it's kind of amix of, like, feeling bad for
(02:56):
the dog.
Like, the dog's clearly sick.
And also wondering, like, what Ido.
Like, I'm doxing for, like,what, four days?
And, like...
the dog.
SPEAKER_03 (03:04):
Oh, that's normal.
You put a dog out of its normalhabitat or whatever, it's like
it's in a different space.
It doesn't know what's going on.
That happens.
Yeah.
Or maybe it ate a Cheeto youdropped or something.
That's what I'm wondering.
It ate something else.
But no, you said that you werelike, well, this was all I'm
(03:25):
going to do my best, Pat.
You're like, I have to clean upthis dog poop.
They've ruined my favorite rock,but at least you It's only, at
least it's Thursday or whatever.
You're like, nope, it's Tuesday.
You're great at impressions.
Thank you.
Thank you.
I'm working on it.
I'm working on it.
Eventually, if I nail yourimpression, I'll be able to do
(03:47):
this whole show without you.
Yeah, I was about to say, youpretty much did.
My Patrick impression.
You know what, Zach?
I've really come around on WesAnderson.
That's not something I wouldsay.
He's a great director, and allof his stuff is great.
You're putting words into mymouth.
I know.
All right.
Well, today we've got a reallyfun episode because we're going
to talk about midterm rentals.
(04:08):
Doesn't that sound fun?
Yeah.
Yeah?
Sounds great.
And then we're also going totalk about Hogwarts.
So we're going to do a littleHarry Potter section to have a
nice palate cleanser.
After the really fun discussionthat we're going to have about
midterm rentals.
No, no, no.
It's a cool news article.
We're going to learn a lot andhave a good time.
Yeah.
Do you want to jump right in?
SPEAKER_02 (04:29):
The article?
Okay.
For the record, I I tried toread the article this time.
I tried.
Oh, you did?
I clicked the article, and thenit said I had to pay a
subscription, which obviouslyI'm not doing.
SPEAKER_01 (04:41):
Uh-oh.
SPEAKER_02 (04:42):
So, that one's not on me.
Okay, not on you.
I'm not leading the segment,right?
SPEAKER_03 (04:48):
No, no, no, I'm leading the segment.
I was just seeing how far we dipin the water before you were
like, wait, wait, wait, what arewe doing?
No, I'm
SPEAKER_02 (04:55):
on
SPEAKER_03 (04:56):
it today, dude.
Okay.
Investors are ditchingshort-term headaches and
long-term limits for somethingin between.
midterm rentals.
Patrick, before we dive into thearticle, do you have a guess
what a midterm rental is?
Do you know what a midtermrental
SPEAKER_02 (05:11):
is?
So I'm guessing a midterm rentalis longer than like an Airbnb.
But shorter than like a yearlong lease agreement.
I'm guessing it's somewhere inthe vein of like one to one
month to like less than a year.
SPEAKER_03 (05:25):
Yeah.
Yeah.
I mean, it's basically exactlythe way it sounds.
These one to 12 month leases arebecoming the new go to for
boosting cash flow whileavoiding the Airbnb burnout and
red tape.
And basically a midterm rentalis just a lease agreement for a
property that typically lastsbetween one and six months.
Could go up to like typically ayear long lease, but it's like
you could stretch that up untilthe very end, maybe a little bit
(05:47):
before.
I think it's, you know, designedto be a flexible thing for both
property, you know, propertyowners, as well as the tenants
that are going to be occupyingshort term rentals for a variety
of life reasons.
SPEAKER_02 (05:58):
I was about to ask, like, because I feel like more
often than not, people want likea like a longer term lease or
like an Airbnb, like in whatsituations are people like, I
guess, like travel nurses, forexample, or if that was one that
came to
SPEAKER_03 (06:11):
my mind immediately.
Yeah.
SPEAKER_02 (06:13):
Yeah.
But like how much of thepopulation is that?
Like maybe a If you're like, ifyou've got a lease starting in
like at the end of summer, butlike you just graduated school
or something and need like threemonths or something like I get
that too.
But like, I mean, how much of amarket is there for midterm
rentals?
SPEAKER_03 (06:27):
Well, turns out more than you'd expect.
I mean, it's becoming like apopular, I mean, with real
estate, it's like these trendswill come and go.
We may have someone in our verymidst that is utilizing somewhat
of a midterm rental kind ofsituation, even though it's not
necessarily, I don't know if youto use those words exactly but
(06:49):
would you professor I saidprofessor essentially
SPEAKER_00 (06:55):
it's not just for nurses too it's for people that
like if your house burned downand you need like temporary
housing sometimes insurancecompanies will call you and get
you set up there, or like P&G orlike these big companies.
People relocate.
As they're relocating for a newhome, they need like a place for
the months that they're lookingfor this home.
(07:17):
So it's like, it's definitelyniche, but there are sites that
you can use that will help aswell.
SPEAKER_03 (07:24):
Yeah, cool.
Yeah, from the article, it was aBusiness Insider article, by the
way.
I don't know if I cited that atthe top of the hour, but real
investor stories from thearticle.
Someone named Ziona McIntyre,who's a Colorado investor who
switched from Airbnb to midtermrentals during COVID, says she
now prefers it.
There's fewer headaches, longerstays, more independent tenants.
(07:45):
And she used Furnished Finderand focuses on three month long
tenants.
So she's, I mean, people likethis found the niche and they
say fewer headaches and longerstays and more independent
tenants.
I mean, that sounds like aproblem with, we've talked in
the past before about like,Airbnb must be kind of a scare
(08:05):
thing to do as a property owner.
You're leasing out this propertyfor a weekend to people that
could come in and treat it likegarbage and then leave.
Or it's like you have to worryabout doing updates and
cleanings more frequently forthe changeover for the next
guests.
But if you have three month longtenants, you get them in,
they're there for a few months,then you do one changeover and
then get your next tenants in.
(08:26):
It's less of a commitment foryou too as a landlord.
SPEAKER_02 (08:28):
Yeah, for sure.
SPEAKER_03 (08:29):
Dana Bull, a Massachusetts investor who
adopted midterm rentals tooffset rising mortgage rates.
says it's more work thanlong-term, but higher cashflow,
which makes it worth it.
So I'm guessing that, you know,higher cashflow is, do you think
people are charging more thantypical rent rates?
Yeah.
Like a standard year-long
SPEAKER_02 (08:48):
rent?
I would think so.
And that makes sense to have
SPEAKER_03 (08:50):
that
SPEAKER_02 (08:50):
sort of
SPEAKER_03 (08:50):
flexibility.
Yeah.
I'd be curious to know what likea typical, like if there's like
a, like a increase rate whereit's like, this is the median
rent amount in the UnitedStates.
And if you have a short-termrental like this or a midterm
rental, this is how much moreyou could theoretically make by
doing the rental.
SPEAKER_02 (09:07):
Right.
And I also wonder with midtermrentals, I bet you a lot of them
are furnished, which is like,you know, would also just
organically increase the rentrather than just, you know, on
top of like the regular.
That's fair.
SPEAKER_03 (09:19):
Yeah.
You got a TV in there.
You got a couch, a bed, all thestuff that you have, like nice
amenities and stuff like that.
So it's like, yeah, that makessense.
Maybe you'd be paying a littlebit higher.
I don't know.
Were you
SPEAKER_00 (09:28):
going to say something?
SPEAKER_03 (09:30):
Yeah.
What's going on with the cross?
SPEAKER_00 (09:33):
No, I was going to say something, but you answered
it because Because like, yeah,usually they're furnished.
And then a lot of the times theysay like, if you can already
have the utilities covered forthem.
Sometimes you charge higher.
Oh, like overcharge
SPEAKER_02 (09:50):
the utilities as a convenience sort of thing?
Yeah, so it's just like an easyin and out.
Yeah.
Yours is, your unit isfurnished, right?
Yeah.
And do you cover utilities?
Yes.
SPEAKER_00 (10:03):
Okay.
Yeah, it's a lot, honestly.
Really?
Because also you got to thinkabout people who are like, oh,
no, but this place, thisshouldn't be this high.
And you're like, well, you don'tknow how much the utilities
SPEAKER_02 (10:15):
actually are.
Oh, so like you're saying, thatby covering the utilities like
could be more convenient but itcould also lead to more like
questions from the tenant aboutthe pricing of the
SPEAKER_00 (10:25):
right okay right but it depends a lot of the times
when you do cover theirutilities the tenants i think
they don't really care about theelectricity so they like or
water so it's like just takingyeah two hour long showers yeah
go ahead i was gonna say but youalso want people there so it's
like How low do you put it?
Do
SPEAKER_03 (10:45):
you cover the cleaning?
When you have changeover foryour tenants, do you do the
cleaning yourself or do you havesomebody else do it for you?
SPEAKER_00 (10:52):
I do it myself.
SPEAKER_03 (10:53):
Really?
SPEAKER_00 (10:53):
Yeah.
SPEAKER_03 (10:54):
I got a job for you.
You want to come clean my house?
I'll pay you a nominal
SPEAKER_00 (11:01):
fee.
Honestly, I just can't.
If we have more units and stuff,but I can't see myself for one
unit that's upstairs havingsomeone else come in and pay
them.
SPEAKER_03 (11:10):
Hiring a cleaning
SPEAKER_00 (11:11):
company or something.
Yeah, I'd rather just go throughit and do it myself.
I mean, I got that toiletcleaned, the one I was telling
you about.
Oh, thank
SPEAKER_03 (11:17):
God.
Everyone knows that story.
You made it on the show, right?
Yeah, yeah.
SPEAKER_00 (11:20):
But I finally knew what to do, but we don't have to
get into that.
Okay.
SPEAKER_03 (11:25):
I'm going to call him Professor Mousset for now.
Yeah, I like that.
The moniker.
It rolls off the tongue betterthan Producer Mousset.
Yeah.
Professor Mousset.
Oh, he's good.
We're a podcast.
We'll sponsor.
We'll buy him a tweed jacket anda tie.
Come in and look like aprofessor.
A couple more investor stories.
Manny Reyna, a San Antonio hostwho uses midterm stays to avoid
(11:46):
hotel taxes and permit feesrequired for short-term rentals.
So that's another thing.
Hotel taxes?
I don't even know what thatmeans.
Like, is that tax?
tax a hotel pays?
I don't even know what thatmeans.
Yeah, no, yeah.
You get charged hotel taxes whenyou book like an extended stay,
even if it's one single night,there's taxes and fees with any
(12:09):
hotel purchase.
SPEAKER_02 (12:09):
But she avoids having, isn't that, is that not
something that the- She avoidsthe tenants having to pay those
fees by charging for theshort-term rental.
SPEAKER_03 (12:17):
Gotcha.
I'm going to cover the cost ofthe hotel for you to stay with
us.
Yeah.
No, not how it works.
Peter Keen Riviera a Seattlehost who mixes short and
mid-term depending on theseason.
The high summer returns fromshort-term stays, but in winter,
switches to mid-term for morestable income.
That makes a lot of sense.
Yeah.
We also haven't talked aboutcollege housing.
(12:39):
Yeah.
I guess those would be likesmart for mid-term.
Yeah.
You could do six, I mean, sixmonths, right?
You start in the fall, August,September, October, November,
December.
Yeah.
And then maybe it's like, eh,you do a semester here, a
semester there.
Yeah.
Who knows?
All sorts of things you could dowith these.
Aren't they so exciting,Patrick?
Yeah, they are.
(13:01):
Okay.
A couple bullet points from thearticle.
Short-term rental struggles.
Many cities are cracking down onshort-term rentals with permits,
taxes, and regulations.
Hotel taxes, for example.
For example, there could be ahotel that's working to charge a
citywide hotel tax.
Oh, no.
Constant guest turnover,maintenance, and
unpredictability can beexhausting for hosts, but
(13:21):
mid-term rentals can charge morethan long-term rentals without
the churn of air Airbnb-stylehosting.
So, you know, renters liketraveling nurses, remote
workers, and divorcees aredriving steady demand.
That's fascinating.
Didn't think about that part atall.
That's very interesting.
Tenants staying one to sixmonths often treat the place
better than weekend guests.
Like one investor compared theexperience to switching from,
(13:43):
quote, a frat party to aresponsible adult, end quote.
So it's kind of like, you know,you get somebody in there for
longer than a weekend.
They have just the– theprecedent that you set is like,
I want to take care of thisplace.
I'm going to be existing in thisplace.
I should not, you know, trash.
Yeah.
Drink 25 beers and throw up allover the rug.
Yeah.
Or also dog threw up on yourrug.
Can't you just get it cleaned?
(14:03):
You said he ruined your favoriterug.
Well, I don't like, I don't haverug
SPEAKER_02 (14:07):
cleaner
SPEAKER_03 (14:07):
at my, like, cause you take it to a, take it to
like a laundromat.
SPEAKER_02 (14:11):
Oh, you take it to a,
SPEAKER_03 (14:12):
or you can take it to it.
Yeah.
There's
SPEAKER_02 (14:13):
places that
SPEAKER_03 (14:13):
are like clean, clean fabric.
SPEAKER_02 (14:16):
I put a bunch of the, like, you know, like the
tide power spray thing.
I like, sprayed it with that,and I ran it under hot water and
scrubbed it, and I'm hoping thatdid the trick.
But it's kind of like amaterial, a different material.
It's like tweed maybe orsomething.
SPEAKER_03 (14:31):
Okay.
I don't know.
I'm hoping for the best.
I'll take a look at it tonight.
We'll keep you rugging ourthoughts.
Thank you.
Platforms like Furnished Finder,Facebook groups, or even
word-of-mouth help fill midtermrentals.
I'm unfamiliar with FurnishedFinder, Moussey, Producer
Moussey, Professor Moussey.
Professor.
Have you heard any...
Do you know what Furnish Finderis?
(14:52):
Have any experience with it?
SPEAKER_00 (14:53):
Yes, I actually use that.
Really?
Yeah.
It's pretty decent.
Honestly, it's hard to gettenants on there because these
are more like situational.
So some people are nurses, somepeople are like traveling to
complete their course orwhatever.
So...
(15:13):
Yeah, I use it.
It gets a good amount of leads.
You just got to make sure younail them down.
SPEAKER_03 (15:19):
Okay.
And you avoid the fees andrestrictions that Airbnb imposes
as well.
So yeah.
So it sounds like a lot ofpeople have a lot of different
methods of finding their midtermtenants.
By any means, you got to nail itdown.
And yeah.
So midterm works best in urbanareas or cities with medical
centers, business hubs, oruniversities.
(15:41):
I imagine that rural areas,midterm rental, probably
non-existent.
Next to non-existent in thecountry.
But if you're in the city,
SPEAKER_02 (15:49):
you know.
I just thought about this.
I want to add.
My cousin from Arkansas,Lincoln, he just moved to
Montana to be a firefighter,like a forest firefighter.
And I guess what they do is theystation them out.
That's where he's based, buthe's going to New Mexico or
something for a while andstationed out there.
I wonder if he does midtermrentals.
(16:10):
I should ask him.
SPEAKER_03 (16:11):
You should ask him to write in the answer to the
question to questions attherentishpod.com.
I will absolutely
SPEAKER_02 (16:18):
ask him that.
Lincoln, if you're listeningright now, which I know you
definitely aren't because you Ido
SPEAKER_03 (16:21):
this podcast.
Someone named Lincoln, if you'relistening, write in to questions
at the register.
Anyone.
Anybody, please.
UNKNOWN (16:30):
Please.
SPEAKER_03 (16:31):
Yeah, furnished units are a must, the article
says, but the returns oftenjustify the extra setup.
So, you know, you spend a littlebit more up front getting a nice
furnishings and like, you know.
Yeah.
Do you supply plates?
Do you supply eatery, too?
Eatery?
What do I call it?
Dishery?
Dishery?
SPEAKER_00 (16:50):
Cutlery?
What is it?
Kitchen essentials?
What is it called?
SPEAKER_03 (16:55):
Utensils?
Eating utensils?
Forks, knives, spoons.
There's another word
SPEAKER_00 (17:00):
for it.
It's silverware?
Mugs.
SPEAKER_03 (17:05):
Potential discussion questions.
So, Patrick, would you considerdoing a midterm rental over a
long Like in terms of like...
I think it's you as the renter.
Renter.
Would you consider...
Yeah, I mean...
Would this ever fit
SPEAKER_02 (17:17):
a situation for
SPEAKER_03 (17:17):
you?
SPEAKER_02 (17:18):
Like not...
Not now.
I'm trying to think.
There's been a situation.
Obviously, I was in college, andI lived with a buddy for two
months as, I guess, a renter.
So I guess that was kind of amidterm rental.
So I've done that.
That's true.
I rented a room in this housethat he bought.
Yeah.
I mean, if the situation arose,but I think the next property
(17:39):
I'll live in, I would like tobuy.
Sure.
So I don't know.
What about you?
SPEAKER_03 (17:45):
Yeah, I don't know.
I'm kind of in the same boat.
It's like I'm in a place now.
hour it's like well i'llprobably look to buy as my next
as my next move like not movingto another place to rent the
only exception this is this islike pie in the sky would be if
i chose to like travel abroadlike a midterm rental for like
if what if i wanted to you knowspend some time in norwegia
(18:09):
norwegia and uh i had to get amidterm rental out there you
know and be able to you know nothave to lock myself down to a 12
month lease.
I could stay somewhere for fiveto six months, get some
experience, work abroad, study.
Are you planning on doing that?
No, I'm not.
I was just hypothetically, I'mlike, well, that would be a
(18:30):
situation I could see.
Talk about a hypothetical.
SPEAKER_02 (18:33):
The far lands of Norwegia.
Norwegia.
SPEAKER_03 (18:37):
What types of tenants would you feel most
comfortable hosting?
SPEAKER_02 (18:40):
I don't know.
I mean, like, I just feel like atenant that would respect the
property.
So, for example, if I was goingto do a short-term or I'm sorry,
mid-term rental, I I wouldprobably not want to do a frat
house personally.
I
SPEAKER_03 (18:53):
would probably say it's probably a little scary for
people renting out midtermrentals to college kids, just
knowing the propensity of whatcollege kids can do to a
property.
I would imagine that a thoroughapplication process would
probably be part of a midtermrental.
Would you say so?
I
SPEAKER_00 (19:14):
think so.
I think if you use FurnaceFinder, people on there...
I think they got to go throughthe verification.
And then on top of that, ifyou're like a nurse or whatever,
you're also vetted anyway bythat company.
So they go through like a lot oflike vetting processes.
I feel like if you use midterm,that's one of the perks also.
But I mean, you could just, youknow, have somebody that you
(19:38):
know that wants to do three tosix months and you just got to
do what we always say.
Yeah.
For the tenant screening.
SPEAKER_03 (19:45):
Right.
UNKNOWN (19:46):
Yeah.
SPEAKER_03 (19:46):
Nice drop.
That's about it.
I mean, midterm rentals, theydon't seem to be just a trend.
They're becoming strategic movesfor investors looking to
increase returns with fewerheadaches.
As housing markets shift andtravel habits evolve, they offer
a practical middle groundbetween stability and
profitability.
So it's interesting to hear.
It's cool to hear someperspective from our producer,
Moussey.
(20:06):
But yeah, if anybody has anythoughts or opinions on
short-term, midterm rentals,feel free to reach out.
Questions at therentishpod.com.
I couldn't remember the emailfor a second.
Oh, boy.
All right.
Well, we made it through thenews.
That was fun, informative.
Now it's time to get into thegood stuff.
SPEAKER_02 (20:28):
The good stuff.
By the good stuff, you meanHogwarts, the Wizarding World's
most iconic property?
Then yes.
SPEAKER_03 (20:41):
Yeah, we're going to talk about Harry Potter.
What was that?
That was the lightning thathappens at the opening.
Opening title sequence.
SPEAKER_02 (20:49):
I had no idea what that was.
By the way, whichever producerwrote this one, which I think
was Charlene...
Was it?
Yeah, she got really into it.
So I'm going to read some ofthis stuff word to word.
Oh, my
SPEAKER_03 (21:03):
God.
There are five pages of Harry
SPEAKER_02 (21:06):
Potter stuff.
I know.
Usually this is a little bitmore bulleted.
But, yeah, I think Charlene wasgetting excited.
SPEAKER_03 (21:11):
Yeah, this is real.
So introduce the segment.
Real Estate Real, right?
Real Estate
SPEAKER_02 (21:15):
Real.
Welcome
SPEAKER_03 (21:16):
to Real Estate
SPEAKER_02 (21:17):
Real.
Like R-E-E-L.
But, like, the first one'sR-E-A-L.
I feel like we cover that everytime.
I feel like I don't need tostart covering that.
Well, we
SPEAKER_03 (21:23):
just got to make sure that everybody really
understands exactly what we'regoing for here.
It's a pun.
It's fun.
Everyone has a good time.
SPEAKER_02 (21:29):
It is funny because it's real estate, but it's also
like movies and TV, like a filmreel.
That's why it's funny.
Yeah, basically we talk abouticonic properties from TV and
movies and explore their realworld locations as well as the
quirks and the property valueand all that.
Yeah, and today we're going totalk about Harry Potter's
(21:51):
Hogwarts Castle, the HogwartsSchool of Witchcraft and
Wizardry as it's formallycalled.
Yep.
One of the most, I think,legendary fictional properties
of all time, certainly of the21st century.
Oh,
SPEAKER_03 (22:03):
definitely.
If you've been living under arock for the last 20 years, the
silhouette of the castle ofHogwarts is just one of the most
iconic fictional things, Ithink, that have been created in
the last few decades.
For sure.
And yeah, the building itself,beautiful.
I mean, how would you describethe castle?
SPEAKER_02 (22:22):
I mean, it looks...
I mean, I don't know.
It's like cone, cone.
They kind of look like cones,right?
The castles.
I would say
SPEAKER_03 (22:32):
very, very purposefully, like kind of like
medieval architecture.
I mean, it's got like, yeah,like the, yeah, like a spires.
There's like multiple differentspires that jet up.
So it kind of has like a jaggedysort of look.
Right.
It's
SPEAKER_02 (22:46):
really, really cool.
Medieval, magical, mystical,wizarding.
SPEAKER_03 (22:52):
All of the magical adjectives.
Yeah.
SPEAKER_02 (22:55):
I hadn't seen Harry Potter.
I haven't read the books, but Ihadn't seen it until like COVID
hit basically.
Yeah.
Well, like my sister, I alwaysgot annoyed with the Harry
Potter like super fans becausemy sister was one of them.
And it was just kind of like oneof those things like I was in
this English class and everybodylike when they found out I had
never read Harry Potter or seenthe movies, they made me take
(23:17):
like the sorting hat quiz testthing.
Let me
SPEAKER_03 (23:20):
guess.
Let me guess.
Let me guess.
They put you– I bet you they putyou in– In Ravenclaw.
No, I was Hufflepuff.
Really?
Yeah, yeah, yeah.
That actually checks out too.
SPEAKER_02 (23:31):
See, that's the thing.
Literally the professor stoppedthe class so I could take the
quiz test and I got a Hufflepuffnot knowing what that meant.
And they're like, oh, you wouldbe a Hufflepuff.
And I'm like, it's just so, Iwas getting so annoyed.
Until COVID hit, I didn't haveany excuses.
My sister, I watched the wholething in like 48 hours, my
sister.
And I get it.
I love them.
I thought it's great.
(23:51):
I totally get the appeal.
I totally get the fandom.
I think the story is great.
The characters are great.
The world building is awesome.
I haven't read the books.
Have you read the books?
You should, yeah.
Okay.
I've heard they're even better.
SPEAKER_03 (24:02):
Yeah, I actually was reading the books at the same
time the movies were coming outand seeing them as well.
So it was really, really cool tobe in that world and have the
books be going concurrently andthen going to see the movies and
going to see the midnight.
This was still at the time ofmidnight movie releases, but
seeing the last Harry Pottermovie at midnight with a big
(24:24):
group of friends in my hometown.
was like a quintessential highschool memory for me, which is
crazy because it's like nowwe're coming up on however many
years that this, that HarryPotter has been a franchise.
And it's just so, so many iconicthings have come from the
wizarding world and from all ofthat stuff.
Yeah.
But yeah, specifically theHogwarts castle.
(24:44):
I mean like tattooed onmillions, I must assume that
people have gotten thesilhouette tattoo.
You can actually visit it.
I've, I've been to Hogwarts,Pat.
Oh, Twice.
Universal Studios.
Okay, gotcha.
(25:18):
is really really impressivebecause of the way that they're
able to manipulate scale youactually think that you're
looking at this gigantic castlethat's far away and it makes you
feel like you're in anotherworld yeah and then you get
closer to it and you realizethat it's really just the
perspective of their it's a it'sstill a big structure but they
make it seem like this giganticcastle so you can really put
(25:40):
yourself in the place of likebeing in hot in the world really
right but yeah you mentioned wementioned the the spires of the
castle and the jagged look ofit.
Also, we should probably mentionthe lake.
I'm going to get burned by my
SPEAKER_02 (25:52):
Harry Potter trivia.
Black
SPEAKER_03 (25:54):
Lake.
So the Black Lake surroundingit.
So it's kind of like in a littleinlet on the lake.
It kind of sits in the middle ofthe water, which I've always
thought was a really cooldesign.
But yeah.
With the mountains and
SPEAKER_02 (26:05):
the Forbidden Forest, I think is what it's
called.
Yeah, so like Hogwarts has allthose things.
It's a hidden castle in theScottish Highlands.
But in real life, much of theexterior of Hogwarts was filmed
at Alnwick Castle inNorthumberland.
I don't know if that's how I...
(26:26):
Northumberland.
Northumberland.
You've got to pronounce
SPEAKER_03 (26:29):
everything with
SPEAKER_02 (26:30):
just a wee British accent.
I'm not good at...
Northumberland, England.
Yeah, that
SPEAKER_03 (26:39):
was rough.
Northumberland, England.
There we go.
That's better.
That's my Dolores Umbridge.
Northumberland, England.
Not a thumb.
Northumberland, England.
That
SPEAKER_02 (26:53):
was good.
That was good.
Or was I?
Oh, yeah.
And a lot of the interior shotswere at locations like.
Give this one a shot.
Oh, God.
Gloucester Cathedral.
I'm going to guess it'sGloucester.
SPEAKER_03 (27:05):
Gloucester.
Gloucester.
Gloucester.
Because I think I don't thinkyou pronounce the O-U in Scott
in those kind.
So it's like GloucesterCathedral.
SPEAKER_02 (27:15):
I got this one in lockdown, though.
Durham Cathedral.
Durham, not Durham.
SPEAKER_03 (27:20):
Durham.
SPEAKER_02 (27:21):
No, Durham.
SPEAKER_03 (27:22):
The Durham
SPEAKER_02 (27:22):
Cathedral.
Durham Cathedral and thenvarious sets at Levisden Studios
near London.
SPEAKER_03 (27:32):
I love that was like two sentences written on the
page that took you so that tookso much effort for you to
pronounce all of those words.
SPEAKER_02 (27:41):
But anyways, Alnwick Castle.
It's a real lived in castle.
That's the one where the firstone we talked about with a bunch
of the experience.
shots.
It's a real lived-in castle andhas been home to the Duke of
Northumberland's family for over700 years.
Wow.
Yeah.
That's older than America.
It now serves as both a privateresidence and a tourist
(28:02):
attraction.
See,
SPEAKER_03 (28:03):
that is interesting.
I didn't actually know that thecastle, like, the castle's a
tourist.
It doesn't look, by the way,anything like Harry Potter.
So, like, this is AlnwickCastle.
Right.
And it kind of, I could see,like, maybe some of the ground
shots doing there or, like, thatinterior like this yeah like
this almost looks like in thefirst movie where they do like
the learn how to play Quidditchscene right is like kind of in
(28:24):
like a castle area like that butit's like it's not really like
Hogwartsy I mean they canactually go tour this place
SPEAKER_02 (28:31):
a lot of it was like CGI I'm sure but yeah I mean
they filmed you know they filmedshots on
SPEAKER_03 (28:37):
the yeah
SPEAKER_01 (28:38):
but they
SPEAKER_03 (28:39):
did they pride themselves on doing a lot of the
stuff in Harry Potterpractically like using like
actual environments there's nota whole lot of shots I think in
that series where they're ongreen screens yeah Oh, okay.
Gotcha.
Until you get to the morefantastical stuff.
But, yeah.
I mean, Pat, I got good news.
If we want to book a tour fortomorrow, it would just be a
(29:01):
mere 21 quid.
I have no idea how much that is.
I always get tripped.
I don't know what the conversionrate is between a euro and a
pound.
What's a quid versus a pound?
I don't know.
I just said quid because I loveit when British people say quid.
It's like, oh, I've just got 100quid in it.
Hand that
SPEAKER_02 (29:19):
to the cashier.
That was good.
Cool.
For tomorrow, you said I'm downto book.
Yeah,
SPEAKER_03 (29:25):
we just need to book flights.
So three thousand dollars later,we'll be able to tour Fenwick
Castle or whatever.
But
SPEAKER_02 (29:33):
yeah, as far as the filming of Harry Potter, these
historical landmarks like allthe way can glooster require
special permissions often comewith the condition that the
production won't alter theoriginal structures.
So Yeah.
Yeah, which also makes sense.
I mean, a building that's over700 years old.
I mean, you don't want like amovie studio coming and making
(29:56):
all sorts of demo.
We need to
SPEAKER_03 (29:58):
blow out all these walls.
Oh, mercy.
Lord have mercy.
God save the queen.
do you think they're going tofilm at the same do you think
they're going to use either ofthese castles for the new HBO
series the Harry Potter HBOseries or do you think they're
(30:18):
going to
SPEAKER_02 (30:19):
that's probably going to be green screen
SPEAKER_03 (30:21):
I think they are filming in the UK
SPEAKER_02 (30:23):
I think so I mean they can still film with green
screens in
SPEAKER_03 (30:25):
the UK I know but if they're closer to these sorts of
landmarks maybe it would behoovethem to go and shoot there
SPEAKER_02 (30:31):
I don't know yeah I'm actually not sure about that
we can ask Charlene I'm sure whoyou know did the whole article
we'll see yeah I don't know Whatelse you got for me?
As far as how much Hogwartswould cost, castles in the UK
often don't go up for sale,believe it or not.
He's
SPEAKER_03 (30:50):
scrolling on Zillow.
We found this home that youmight be interested in.
It's an$800 billion castle.
SPEAKER_02 (30:57):
According to this stat, I don't know where this
was found, but if Hogwarts werereal, the
SPEAKER_03 (31:02):
castle...
Our real estate professionalsfound this stat.
SPEAKER_02 (31:06):
If Hogwarts were real, the castle alone could be
valued at two to 300 million USdollars, not including magical
enhancements.
SPEAKER_03 (31:17):
You know, I've never really thought about it.
Who owns, who owns Hogwarts?
Like, there's always aheadmaster.
No, but he's the headmaster, notthe owner.
Like, he's not the propertyowner.
Who's the leasing agency forHogwarts?
Some landlord in SouthernCalifornia.
SPEAKER_02 (31:37):
He just wanted to invest in this magical castle.
SPEAKER_03 (31:40):
Dumbledore.
Dumbledore.
Dumbledore.
It's like his office toilet hasa leak and he's got to call this
guy.
It's like Bob from Sacramento.
Like, I seem to have a leak inthe enchanted castle.
All right.
Just go ahead and submit amaintenance ticket.
We'll get to you as soon as wecan.
(32:00):
Oh,
SPEAKER_02 (32:02):
man.
That's funny.
All right.
So as far as some of thefeatures of Hogwarts, Hogwarts
is apparently seven floors withhundreds of rooms.
Hogwarts, as we know, has fourdistinct house dormitories and
common rooms.
SPEAKER_03 (32:15):
We can't.
So Hufflepuff.
Hufflepuff.
You're what?
I didn't even ask.
What do you think I am?
SPEAKER_02 (32:21):
You're Gryffindor.
I was Hufflepuff.
Really?
Yeah.
Okay, I guess that also doesn'tsurprise me too much.
SPEAKER_03 (32:28):
Hufflepuff.
SPEAKER_02 (32:28):
Puff out.
Puff it out.
You're too far away.
What
SPEAKER_03 (32:31):
were you, Producer Moussey?
SPEAKER_00 (32:33):
You don't know?
I didn't take it.
I just didn't like Malfoy, soanything that doesn't have
Malfoy in
SPEAKER_03 (32:38):
it.
So you don't want to beSlytherin?
Yeah.
Okay.
So I feel like the Sorting Hatright now, you're like, not
Slytherin, not Slytherin.
Oh, not Slytherin, eh?
We'll sort you once we get back.
Or sort yourself now.
SPEAKER_00 (32:53):
Oh, I'm
SPEAKER_03 (32:54):
sorted.
Go sort yourself.
Are you sorted?
You sort yourself, I'm going tosay.
Seriously.
Yeah, do it.
By the time we're done with thissegment, you'll have sorted
yourself.
SPEAKER_02 (33:05):
All right.
Let's get to the other featureshere.
Great hall that seats hundredswith enchanted ceilings, a vast
underground dungeon system.
SPEAKER_03 (33:13):
Yeah.
SPEAKER_02 (33:13):
Love the
SPEAKER_03 (33:13):
great hall, by the way.
I think that that's such a cooldesign.
I love the fact that, like, theceiling can change depending on
the weather, depending on theevent.
It's just such a beautiful,like...
such a it's such a beautifulimage to to see and the moving
staircases too yeah the movingstaircases great concept i love
the idea that it's like thecastle's always changing and
(33:33):
it's like i would be dude as i'man anxious person imagine being
anxious in college and not beingable to get to your class on
time and then you're likefreaking stare and it's like it
changed direction you got towait for it to swing on back to
the other side or whatever it'slike god
SPEAKER_02 (33:49):
well actually hogwarts apparently has 142
staircases all Although thatnumber may fluctuate due to
magic.
But yeah, it's a lot ofstaircases.
Okay.
And as far as the Great Hall, itwas inspired by the Christ
Church College at Oxford, one ofthe most architecturally famous
dining halls in the UK.
I did
SPEAKER_03 (34:08):
not know that.
SPEAKER_02 (34:08):
Yeah.
SPEAKER_03 (34:10):
Interesting.
So Oxford.
SPEAKER_02 (34:11):
Like the university.
SPEAKER_03 (34:13):
Yeah.
Wow.
Okay.
That's cool.
You missed the Quidditch pitch.
SPEAKER_02 (34:16):
Yes, I did miss the Quidditch pitch.
I'm running around here.
Yeah, the Quidditch.
I still don't really fullyunderstand the rules.
of Quidditch, but...
SPEAKER_03 (34:24):
It's flying soccer.
SPEAKER_02 (34:25):
Is that all it is?
It's
SPEAKER_03 (34:27):
flying soccer with a bit of baseball.
So basically, you've got the twoteams of people.
I'm not going to go through allthe positions, but you're
basically trying to get theballs, hit the balls, or throw
the balls into the differentnets to get different values of
points.
But you can also defend byhitting the balls in the other
direction.
And people are doing the wholething in air on broomsticks.
(34:50):
And you can actually playQuidditch in real life There are
leagues all across the UnitedStates where they do, like,
field hockey, basically, is whatit is.
Hockey is probably a betterexample.
It's hockey on broomsticks.
SPEAKER_02 (35:02):
But then Harry Potter was, like, a special
position where he was chasingthis little thing, right?
He was the seeker.
What does that mean?
SPEAKER_03 (35:09):
So the seeker is the Quidditch, like, weird, like,
there's one person on each teamthat their sole purpose, their
only job is to fly aroundlooking for this tiny little
metal ball with wings called theGolden Snitch.
Mm-hmm.
And if they catch the snitch,the game is over because they
get the maximum amount ofpoints.
They get 100 points and it ends.
That's like a really valuable.
(35:30):
Yes.
Okay.
That's why Harry Potter was thebest seeker since his own
father, wasn't it?
Oh, is that a quote?
Yeah, let's talk about that.
Yeah.
They talk about it in the firstmovie that Harry's dad was a
seeker and that's why.
It's fate that he ends upgetting recruited to be the same
position as his dad on the team.
There's a shot in the firstmovie where he looks at a trophy
case of like his dad behind thetrophy case.
(35:51):
Okay.
I'm not remembering.
I got it.
Got to rewatch these.
It's been
SPEAKER_02 (35:54):
a bunch of years.
Cool.
So if built today, a structureof Hogwarts size and complexity
could exceed 500,000 squarefeet, making it larger than the
Buckingham Palace, believe it ornot.
SPEAKER_03 (36:05):
Buckingham Palace.
That's crazy.
SPEAKER_02 (36:07):
Yeah.
Pretty big.
Pretty big.
Pretty big.
SPEAKER_03 (36:09):
Yep.
SPEAKER_02 (36:11):
So as far as like building Hogwarts, if a
non-magical developer tried torecreate Hogwarts with modern
materials, historical detailing,and special effects, it could
cost upwards of a billion USdollars Someone should do it.
I dare you.
SPEAKER_03 (36:24):
Some billionaire.
For all billionaires listeningto this podcast, go recreate
Hogwarts.
SPEAKER_02 (36:29):
Yeah, I mean, I bet you they can make a ton of money
off of people going to
SPEAKER_03 (36:33):
business.
Checking Airbnb.
How much?
All right, so if the propertycosts$1 billion to make and I
wanted to rent out the castle ofHogwarts for a weekend.
That, oh, do that math and say.
15K for a weekend, maybe 20.
SPEAKER_02 (36:47):
It costs a billion dollars and you want to rent it
out for three days.
Well, it costs a billion
SPEAKER_03 (36:51):
dollars to make.
I don't know if we can do that.
we can mathematically get to themonthly, to how much it would
cost
SPEAKER_02 (36:56):
to rent out.
Well, how much would a milliondollar home cost to rent out for
a weekend?
And then we could just multiplythat by a thousand.
I'm doing Chad to BT, so tell mewhat I need to put in there.
All right,$1 billion is thecost.
How much can you rent that homeout for a weekend?
Wait,
SPEAKER_03 (37:15):
okay.
If a property costs$1 billion,like as the property cost, What
would it cost to rent it for aweekend?
SPEAKER_00 (37:24):
He's going to
SPEAKER_02 (37:24):
ask me square feet.
What?
That has nothing to do withsquare feet.
It's$500,000, though.
All right, I'm not going to putthe square feet.
And so it's thinking.
We're
SPEAKER_03 (37:33):
doing live
SPEAKER_00 (37:34):
AI.
It says around$10 million ayear, so it could be$27,000 for
seven days.
For two days, it could be$60,000.
$60,000 or$16,000?
Oh, wait a minute.
Estimated weekend cost is$55,000.
SPEAKER_03 (37:53):
$55,000 for a weekend.
SPEAKER_02 (37:55):
That's actually insane.
That is a salary.
SPEAKER_03 (37:58):
Worth it.
Why not?
Okay.
What else you got for me?
SPEAKER_00 (38:05):
Yeah.
So I also found out what I am.
SPEAKER_03 (38:10):
Oh,
SPEAKER_02 (38:11):
did you test it?
Let me guess.
Let me guess.
Let me guess.
Let me say it's pure of heart.
I bet he's Gryffindor.
I bet he's Gryffindor.
SPEAKER_00 (38:17):
Gryffindor.
Okay.
SPEAKER_03 (38:19):
It'd be funny if you got Slytherin.
SPEAKER_00 (38:21):
No, it's the one I didn't want to get.
It's like, no, it's Gryffindor.
Oh, yes.
It says I have mascot line,colors red and gold, ghost,
nearly headless Nick.
I don't know what that means.
SPEAKER_03 (38:37):
What about the upkeep on this backboard?
I wanted you to read that.
SPEAKER_02 (38:43):
Okay, we'll go ahead and take a step back.
So a billion dollars for thecost.
Now, as far as how that breaksdown, stonework, stained glass,
gothic detailing alone.
racks up tens of millions ofdollars.
The infrastructure for secretpassageways, elevators in place
of magic, and massive dininghalls require complex
engineering.
But the upkeep cost for heating,maintenance, and staffing a
(39:04):
building of that size, easily inthe millions annually.
So like on top of the billiondollars, millions annually.
Now as far as owning Hogwarts.
Unless
SPEAKER_03 (39:12):
you're able to hire house elves.
That's a really good point.
Or not technically hire them,but we don't talk about that
anymore.
Dobby's a free elf, all right?
We're all good now.
We're all
SPEAKER_02 (39:26):
good.
So, yeah, even if you had abillionaire want to do that, it
comes with complications.
So...
Listed historical buildings inthe U.K.
come with strict preservationlaws.
SPEAKER_03 (39:36):
Yeah, that makes sense.
SPEAKER_02 (39:37):
Yeah.
The Scottish Highlands wouldimpose planning restrictions to
maintain the local landscape.
So, obviously, this giantstructure might not fly.
And, of course, you need theMinistry of Magic's approval,
assuming you're a wizard.
So that's another complication.
SPEAKER_03 (39:52):
Okay.
SPEAKER_02 (39:53):
Related real estate fun facts.
The average castle in the U.K.
sells for$5 to$10 million.
Obviously, Hogwarts is in adifferent league.
UNKNOWN (40:02):
Okay.
SPEAKER_02 (40:02):
And some developers, since the book and movies, have
tried creating the Hogwartsstyle of homes, including fancy
castles in the U.S.
priced at$10 million.
Can
SPEAKER_03 (40:14):
you imagine being such a Harry Potter fan that you
commission a castle to be built,like a small-scale castle to be
built in the United States?
That's hilarious.
SPEAKER_02 (40:26):
Speaking of which, some private schools are modeled
after Hogwarts.
SPEAKER_03 (40:31):
Now that is cool.
I would love to go to.
So you read the books during, oryou watched the movies during
COVID, so you were an adult bythe time you first.
I was 20, yeah.
So I don't think you realizewhen I was a kid reading these
books, I legitimately, there wasstill a time in my life where I
was like, I was still animaginative kid that didn't
realize that the world was justgonna tear me down and keep
(40:54):
beating me down.
And I was like, one day I'mgonna get my owl from Hogwarts.
And I was like, one of thesedays it's gonna happen.
I'm gonna get the owl it's gonnacome in I'm gonna get my letter
and I'm gonna go to Hogwarts Ilegitimately thought and that
was like while these books werecoming out and then I realized I
was like oh magic
SPEAKER_02 (41:12):
did you wait did you like read each one as it came
out
SPEAKER_03 (41:16):
yeah well I think I think the first three had been
out because I remember readingthose back to back to back to
back and then the rest of them Iremember going like my mom
picking up a copy and bringingit home for me like from the
bookstore when they came outwell hold on huge I mean, like,
Patrick and I have a bit of anage gap between the two of us.
I'm a millennial through andthrough.
(41:37):
We're going to talk about it.
But, like, Harry Potter isprobably the biggest millennial
franchise that there is for,like, my generation.
New IP, like, for my generation.
Harry Potter is, like, probablythe biggest thing.
Similar to what, like, Star Warswas like for adults.
SPEAKER_02 (41:52):
I mean, I'm a Gen Z-er.
I'd say the exact same for mygeneration.
SPEAKER_03 (41:56):
So you think it spilled over to
SPEAKER_02 (41:57):
Gen Z-ers as well?
Oh, totally.
I was in the minority of peoplein terms of, like, not reading
Harry Potter and, like, L.A.
my dream middle school
SPEAKER_03 (42:03):
it's cool because like yeah it's like I remember
existing in a time when thatstuff was still happening like
the end hadn't come out yet soit's like it's cool to hear that
like it passed on to the nextgeneration
SPEAKER_02 (42:12):
so I pretty much I had just finished kindergarten
when the last book came out Itwas July 2007.
Disgusting.
SPEAKER_03 (42:20):
I want you to know that my headache just got ten
times
SPEAKER_02 (42:23):
worse.
Maybe it was first grade.
Hold on.
What year were you inkindergarten?
You were
SPEAKER_03 (42:26):
not in kindergarten when the last book
SPEAKER_02 (42:27):
came out.
When are you seven years old?
What grade are you in?
I
SPEAKER_03 (42:31):
can't do that calculation
SPEAKER_02 (42:32):
for you right now.
That's not second grade.
You were in second when you wereseven?
You were in second grade whenthe last book came out?
Okay, so I had just finishedfirst grade.
Never mind.
Sorry, go
SPEAKER_03 (42:45):
ahead.
Yeah.
Yeah.
Anyway, it's an impactfulfranchise for a lot of people.
I think we can all agree onthat.
You got anything else for me?
What do we got?
We got time.
We got time.
We got
SPEAKER_02 (42:56):
time.
SPEAKER_03 (42:56):
We got nothing but time.
SPEAKER_02 (42:58):
Okay, I got a few things.
I'm just going to read theseword for word because I know
Charlene had a fun time writingthem.
Most rooms at Harry Potterappear to lack basic plumbing or
heating, although magicpresumably solves these
problems.
And security would be anotherissue between trolls, death
eaters, and moving staircases.
You'd need serious insurance.
SPEAKER_03 (43:17):
Well, I would imagine that you would.
So, yeah, you would need toinsure the property, as we've
covered.
There are specific, like,preservation laws.
So, yeah, that makes sense.
SPEAKER_02 (43:26):
After the success of the films, the Alnwick Castle
that we previously talked aboutsaw a 300% increase in tourism.
Huh.
So good for the Duke whelming.
SPEAKER_03 (43:38):
Yeah, good for the 700-year-old family.
Yeah.
They're fine.
Before America.
Yeah, yeah.
Who'd have thought?
Yeah, I mean, the tourism mustbe absolutely insane there.
I mean, they literally had tobuild the Wizarding World in
Orlando to make it so thatpeople could stay within the
continental United States andenjoy the environments and the
(43:59):
magicalness of the world andstuff.
And I don't know.
It's cool.
Again, like we have.
We have it on here, theWizarding World in Orlando.
Yeah.
If you go, you can actually geta wand and go through the whole
Ollivander thing.
It's awesome.
SPEAKER_02 (44:14):
It's very cool.
I went even before I was a HarryPotter fan.
I loved the whole world there.
Yeah.
Very cool.
All right.
Last thing.
Hogwarts was named the numberone fictional property people
would want to visit in multiplepoles worldwide.
SPEAKER_03 (44:27):
That makes sense.
Number one fictional property.
Yeah.
Yeah.
Maybe one of these days we'llstart listing all the fictional
properties we talk about interms of which ones we would
want to live in from most toleast and have a running list
for all the episodes.
It's going to be like thisversus the Seinfeld apartment.
I'd rather live in the Seinfeldapartment than Hogwarts Castle.
(44:49):
I want to exist in 1994.
Cool.
I
SPEAKER_02 (44:53):
mean, that's pretty much it.
Thanks for listening.
SPEAKER_03 (44:56):
Well, I've got Harry Potter questions, so we can't
end without talking about themovies for just a little bit.
A couple minutes.
I want to know, and feel free tochime in, Professor Moussey.
I want to know favorite movie,favorite book, least favorite
movie, least favorite book.
You got that?
Favorite movie, favorite book,least favorite movie, least
favorite book.
SPEAKER_02 (45:15):
I feel
SPEAKER_03 (45:16):
like everyone's got one of each.
SPEAKER_02 (45:17):
Considering I haven't read the books, the
movies kind of all blendedtogether for me.
It's because I watched them backto back.
I literally watched them within48 hours.
My least favorite movie was TheGoblet of Fire.
What?
Yeah.
Besides the last 30 minutes,which was great.
Most of it just kind of– itseemed like the one movie that
(45:39):
was just kind of like filler,like the whole like games thing.
What?
Just kind of like from my– assomebody who hadn't read the
books, it just kind of seemed–it was just like they're just
doing this.
But it was a complete sidetrackfrom the first three movies and
then like what was then to come.
So it was my least favoritemovie.
That's crazy.
What a take.
I loved the first three moviesand then I loved– I think the
first three I really loved.
(46:00):
The last one I loved– Yeah, Ireally liked them all.
Snape was my favorite character.
I know that's not a hot take atall.
Mr.
Potter.
I thought he was just a greatcharacter.
Turn to page 194.
That
SPEAKER_03 (46:11):
was
SPEAKER_02 (46:13):
a good
SPEAKER_03 (46:13):
thing.
Thank you.
All right, what about you guys?
Go ahead.
Do you have one?
Do you have it at the top ofyour head?
SPEAKER_00 (46:19):
The favorite book, because I think I only read the
first one, was Sorcerer's Stone.
I think the favorite movie wasPrisoner of Azkaban, because
that's the one with the bird,right?
Oh, that's a good one.
The one with the bird is like...
SPEAKER_03 (46:32):
Fox the Phoenix?
SPEAKER_00 (46:33):
Yeah.
UNKNOWN (46:33):
Yeah.
SPEAKER_03 (46:34):
Well, the Phoenix shows up in multiple things.
Or are you talking about theHippogriff?
SPEAKER_00 (46:38):
The Hippogriff, yeah.
Then,
SPEAKER_03 (46:39):
yes, you're talking about Azkaban.
SPEAKER_00 (46:41):
Yeah.
So I think that one.
And then, honestly, I didn'twatch the other ones.
I have to catch up and watchthese other ones.
They're
SPEAKER_03 (46:47):
good.
Yeah.
Buckbeak's the homie.
Shout out, Buckbeak.
Love you, buddy.
Almost named my, I was thinking,that was a name that got tossed
around when we were naming mydog.
I was like, what about Buckbeak?
That'd be funny.
I was like, that'd be anightmare to say.
Favorite movie, Azkaban,undoubtable.
I think it's the best in thatseries.
Least favorite movie isHalf-Blood Prince.
(47:09):
Just because of all theVoldemort stuff that they cut
out of it, I think thatHalf-Blood Prince is a really
well done movie, but theybutchered it compared to what
the book is.
Favorite book is, Half-BloodPrince.
Least favorite book was probablyChamber of Secrets or something.
Chamber of Secrets is kind ofjust pretty straightforward and
not really that crazy, buteverything else is awesome.
(47:31):
Great series.
Really, really fun.
The movies are awesome.
Very curious to see what they'regoing to do with this HBO
reboot.
This is like...
This is going to be a big deal.
It's the first big property tocome out since the 2000s that's
getting a reboot already.
Batman.
I see what you're saying.
A property that was original andwas a big deal for kids growing
(47:54):
up in the 2000s is now getting aremake.
So it's like how people feltwhen they remade Jurassic Park
or whatever.
It's like this is the firstthing that hasn't been touched
that's been a big popular thingin our life.
Right.
That's getting retouched.
Yeah.
So it's going to be verydivisive.
We'll see how.
People are going to be veryreactionary to how this thing's
(48:15):
going to go.
And I'm very curious to see howit does.
But I wish them the best.
All right.
Thank you guys for listening tothis episode of The Rentish Pod.
It's been a fun one.
I've got to talk nerdy wizardstuff.
And we also got to talk about,let me check my notes, midterm
rentals.
We'll be back next time withmore fun property management and
real estate.
Remember, follow The Rentish atTheRentishPod on Insta.
(48:35):
You can go to TheRentishPod onSpotify, Apple Podcasts.
Listen, subscribe, give us arating, give us a review.
Email questions atTheRentishPod.com.
I've been Zach.
That's been Patrick.
That's been Professor Moussey.
And we'll see you guys nexttime.
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