October 13, 2025 • 28 mins
This week’s horror story is straight out of Texas, how a “We Buy Ugly Houses” franchise turned into a full-blown Ponzi scheme, leaving retirees out hundreds of thousands. Zach and Pat break down how it all went wrong and what every investor should watch for.
Plus, we debut our new game, Listing or Lying, where one host reads fake and real Zillow listings, and chaos definitely follows.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
SPEAKER_01 (00:03):
What's going on, everybody?
Welcome to the season two of theRentish Podcast.
I'm Zach, and I'm here with myco-host Patrick.
SPEAKER_00 (00:10):
We're two rookies chasing the dream of real estate
investing.
In this podcast, we'll talkabout property management, wild
stories, and everything inbetween.
We don't know it all yet.
SPEAKER_01 (00:18):
But that's the point! We're learning as we go,
just like you.
We'll bring in the experts toeducate and inform us, and then
we'll figure it out together.
So let's laugh, learn, and diveinto real estate side by side.
Gotta be honest with you, buddy,there's some weird energy on
that intro read, but I kind ofliked it.
SPEAKER_00 (00:33):
Yeah, I was really trying to channel my future
career in voice acting.
SPEAKER_01 (00:36):
Yeah, that's the thing, is that this whole this
whole podcast is not, it's notpart of the job.
We're really just like shadowputting our resume out there for
Disney and Pixar to like comeand hire us as voice actors.
Yeah.
So yeah, I don't know.
How's your day going?
SPEAKER_00 (00:50):
Uh so far so good.
SPEAKER_01 (00:51):
How about you?
No, I'm caffeinated up.
I'm drinking a we we hadchocolate coffee pots.
It was actually really good.
I was shocked.
I usually don't like flavoredcoffee in any respect, but that
was some very subtle, verylovely hints of chocolat.
Yeah.
And I was very much enjoying it.
You're a cran uh pounding theseltzer over there.
Yeah, I already had my coffee.
(01:12):
Already had your coffee ready toroll, ready to get energized
about property management.
I'm so pumped.
Yeah.
SPEAKER_00 (01:17):
Oh, yeah.
I just saw you the other day.
Yeah.
SPEAKER_01 (01:20):
Before you talk about that, thank you for
listening to The Rentish Pod.
Check us out on socials at theRentish Pod.
Email questions at therentishpod.com.
Go to the Rentish uh podcast onyour podcast platform of choice.
Like us, subscribe, hit the bellfor notifications on new
episodes.
Like us, give us a comment,share it with your friends who
like property management andreal estate.
And then Patrick, go ahead.
Oktoberfest.
SPEAKER_00 (01:40):
Yeah, as I was saying before I was rudely
interrupting.
SPEAKER_01 (01:43):
Hey, we gotta make the money.
We gotta make we gotta pay thebills.
Yeah, how was that?
We say he's penniless.
He laughed.
He still doesn't have a mic.
We can't afford a third micanymore.
We had to sell the third mic tobe able to pay for uh his
salary.
No, okay, sorry.
SPEAKER_00 (02:02):
Oktoberfest.
How was that Schnitzel sandwichyou were eating on Saturday
evening?
SPEAKER_01 (02:07):
It was good.
Yeah.
So this pet we're recording thison uh September 23rd.
This past weekend was theOktoberfest Cincinnati, which is
a timeless tradition in our cityof Cincinnati where we record
this podcast where it isfamously the largest Oktoberfest
outside of the big one inMunich, Germany.
Yes.
Um and uh Cincinnati has a bigGerman population.
(02:27):
Lots of German immigrants cameto Cincinnati back in the day
when it was being settled andand and everything.
So that's why there's such a bigculture of celebrating the
heritage of Germ of the GermanGermanic roots, sorry.
But yeah, ate some schnitzel,some red cabbage, some you know
those like uh one of my favoritethings are those candied nuts
that you can get that they servethat are like they like hot,
(02:48):
they put them in that wheel,they spin them around and get
like all like the sugar on themand stuff.
Oh my god, it's like it's likeit's addicting.
You just like once you pop, youjust can't stop.
But the food was the food wasexcellent.
I mean the food was great, thebeer was great.
I love I love going.
There was a uh a polka band thatplayed at the one of the far
ends of the park until like 1130that night, and they were just
(03:12):
doing like covers of like thekillers and frickin' uh they did
uh Pink Pony Club, and what butit was like with like tubas and
and everything and like anaccordion, and it was like just
people in leader hosen anddresses and just rocking out,
and then it's it's a fun time.
Yeah.
October 5th is a fun time.
SPEAKER_00 (03:28):
Yeah, I had a bunch of Bratwursts and sausages this
weekend.
Uh that's one thing I didn't getwas a sausage.
Oh man, what are you doing?
SPEAKER_01 (03:36):
I don't know.
A Ruben.
Schnitzel's where it's at, man.
That's Schnitzel's great.
I had Thursday.
So good.
You were like getting sunsoaked, like letting the the 90
degree Cincinnati weather justbeat you right in the face while
you pounded beers.
SPEAKER_00 (03:49):
No, it was I was there from 2 p.m.
to 11 p.m.
So yeah, I was there for awhile.
And I I lost my group at somepoint, and then yeah, I bumped
into you, and I thought, and Iwas like, I'm gonna go over
here, and I thought I was nevergonna see or hear from you ever
again.
SPEAKER_01 (04:01):
But then you came like five minutes later and
Yeah, no, I was I was out andaround just kind of eating food
and enjoying the atmosphere.
But really, really fun.
I guess how do you make thattransition into talking about
property management and realestate, you know?
I mean, like, shout out toCincinnati for the uh the
management of the facilities ofthe grounds.
(04:21):
Yeah, I'm really I'm reallyThat's a good one.
Yeah.
Landscaping costs and all thatstuff like that.
SPEAKER_00 (04:28):
Speaking of landscaping, yeah, what do you
landscape real estate?
Oh, yeah, right.
And what else has to do withreal estate?
The Rentish Podcast.
That's why we get paid the bigbucks.
Yeah.
SPEAKER_01 (04:37):
We're right on target here.
We got a good show for you guystoday.
It's gonna be a really fun one.
Uh we we don't have an expert tocome in on uh for an interview
segment for this episode, butwhat we do have is um Mousse
scooting the bench and making afarting noise.
Uh we do have if that picked upon the mic, keep that in.
And uh we we do have a couplefun stuff.
(04:58):
Patrick's got a tenant horrorstory that he's gonna read, and
we're gonna talk about that, andwe'll see how that's gonna go.
He's giving me a look like he isabsolutely thrilled to read this
one.
So excited.
And then after that, we're gonnalighten the mood by playing a
little game called Listening orLying.
So uh again, thank you forlistening to the show.
And Patrick, why don't we get oninto it, huh?
SPEAKER_00 (05:18):
Yeah, so this segment's called Um
Incalculable.
Oh wow, I'm already messing upthe first word.
What is it called real estatestory?
Doing it's a real the segment'scalled Real Estate Horror
Stories, as we talked about.
I'm talking about the this thetitle of the story is
incalculable.
Right?
Incalculable damage.
How a we buy ugly housesfranchise left a trail of
(05:41):
financial wreckage across Texas.
Sounds like true horror.
Like actual horror.
Yeah, no, for sure.
So we'll get right into it.
Ronald Carver was a skepticalWow, I'm at I'm butchering this
already.
Ronald Carver was skeptical whenhis investment advisor first
tried to sell him on an uglyhouses investment opportunity
(06:04):
eight years ago.
But once the Texas retiree heardthe details, it seemed like a
no-lose situation.
Carver would lend money toCharles Carrier, owner of
Dallas-based CNC ResidentialProperties, a high-producing
franchise in the Homevestors ofAmerica house flipping chain,
known for his ubiquitous We BuyUgly Houses advertisements.
(06:27):
The business would then use thedollars to purchase properties
in which Carver would receive anownership stake, securing his
investment and an annual returnof 9% paid in monthly
installments.
Worst case, I would end up witha property worth more than what
the loan was, Carver said.
Of the pitch.
Carver started with a 115,000loan in 2017, and sure enough,
(06:49):
the interest payments arrivedeach month.
He had worked three decades at anuclear power plant and retired
without a pension and before hecould collect social security.
He and his wife lived off theinvestment income.
The deal seemed so good Carvertalked his elderly father into
investing, starting with$50,000.
As the monthly checks arrived aspromised, both men increased
(07:10):
their investments.
By 2024, Carver estimates theyhad about$700,000 invested with
Carrier.
Then last fall, the checksstopped.
The money Carver and his fatherhad invested was gone.
Insert dramatic noise here,producers.
Carrier is accused oforchestrating a years-long Ponzi
(07:31):
scheme.
I'm gonna try to add that intomy vernacular.
Or one might say had their moneybilked.
That's good.
(07:51):
Yeah, yeah.
The financial wreckage is strewnacross Texas, having swept up
both wealthy investors and olderpeople with modest incomes who
dug into retirement savings onthe advice of the same
investment advisor used byCarver.
Dang.
That's actually really sad.
Yeah, it's really sad.
That really sucks.
Yep.
That really sucks.
As early as 2020, Carrier hadbegun taking out multiple loans
(08:16):
on individual properties, someof which she never owned.
In cases reviewed by ProPublica,as many as five notes were
recorded against a singleproperty, far exceeding the
property's value.
Carrier also failed to properlyrecord many deeds that were
supposed to secure the loans,accumulating more debt than he
could ever repay, whileinvestors remained unaware they
(08:38):
had no collateral for theirinvestments.
That's yeah, that's really,really sad.
That's crazy that that justcould could like happen too.
SPEAKER_01 (08:45):
It's crazy it can happen.
Yeah, I mean that there'sthere's a lot, I feel like real
estate.
I mean, we we talk about thisall the time with like the
horror stories or whatever, butthere's just so many
opportunities on all sides ofthe real estate and investments.
Like whether you're a tenant,whether you're a landlord,
whether you're just an investorin general, or whatever.
There's so many opportunities,it seems like, for people to get
really screwed over.
(09:06):
Yeah.
In a lot of different respects.
And there are the variety iswhat's shocking to me.
I want to ask you the we buyugly houses thing.
Yeah.
This is like a super commonbillboard that you see all over
the place.
And like I've really neverthought too much about it.
You see them everywhere, and I'mlike, okay, so I get the I guess
I get the concept, but like Inever really thought too much
(09:28):
about like who would actuallylook at one of those billboards
and think, like, oh, this isgonna be something that I
actually want to take advantageof.
I've always kind of thought likeit's a little scammy or scummy.
SPEAKER_00 (09:38):
I never like look at a billboard and I'm like, I'm
gonna utilize that service.
That's the thing.
Unless it's like a new Arbysandwich or something.
SPEAKER_01 (09:45):
I I think it might be, I mean, like, that certainly
seems to be like a difference ina lot of generational kind of
ideology, right?
It's like physical advertisingis just kind of like not the
vibe for younger audiences, Iwould say.
Like, I mean, like one of myfavorites around Cincinnati is
the the bench ads that say l CULooked.
(10:07):
Have you ever seen those?
It's a bench and it's got an adon it with two big eyes, and
it's like see you looked benchads actually do work, and it's
like a number to call so thatyou can rent out space on a
bench.
I always think about those whenI'm like, yeah, okay, so I did I
I looked, but does it mean thatI'm actually gonna like fall for
whatever advertising is on thebench or whatever?
Like that.
(10:27):
That's kind of the thing withbillboards.
It's that's like usually it'sjust like an eyesore, and I just
like look right on pie.
Right.
But clearly there are people outthere that see these things, get
interested, they see the salespitch, and they think, you know
what, I've got a crappy sothat's my other thing, is that
like we buy ugly houses.
I'm not I'm gonna call themschemes or whatever.
Those kinds of places are reallyjust advertising away for people
(10:49):
with a damaged property or ahard to sell property.
What are they there for exactly?
They're there just for likeundesirable homes to be given an
extra leg up to be sold throughlike these commercial partners,
right?
Yeah, I mean I I seems like it.
I mean like to me, that justseems like you're adding extra
(11:10):
steps to an already like trickyproblem.
Yeah, no, I I agree.
Yeah, producer Mousse handed mehis phone.
We buy ugly houses as afranchise of homevestors, a
company that buys homes in anycondition for cash, including
properties that need repairs asis.
Homevestors uses a network ofindependently owned and operated
franchisees who offer a fast,hassle-free way to sell a house
(11:32):
compared to the traditionalmarket.
Though this convenience may comeat the cost of a lower sale
price, the company focuses onspeed and convenience for
sellers needing to offloadproperties quickly.
No repairs needed, you can sellyour house, quote unquote, as is
without having to invest incostly renovations.
SPEAKER_00 (11:49):
Well, I feel like it's also though one of those
things, like like in this casein the story, where it's like if
it's a scam, I feel like a lotof times like you you're
instantly scammed, but here theywere actually receiving monthly
payments.
And so it gave them theconfidence to then invest more.
Yeah.
And then you know, then they'reout way more money.
SPEAKER_01 (12:07):
Have you ever heard of the phrase the long con?
Tricking somebody over a periodof time, like taking advantage
of someone that in the long run,you maybe get more out of the
situation.
SPEAKER_00 (12:17):
Yeah, no, I mean that makes sense.
I that's clearly what whathappened, what happened here.
At one point in the story do youfeel like the red flags became
impossible to ignore?
SPEAKER_01 (12:26):
Yeah, probably when the checks stopped coming.
I mean, uh I just read thatquestion and I was like, I mean,
that's a pretty Yeah, I mean,that's a red flag for me in any
respect.
If suddenly I stopped gettingpaid, I would be like.
No, yeah, if I if I uh suddenlyjust stop receiving money for
like a expected investment, likethat is a definite red flag and
(12:49):
something you should immediatelydraw concern on.
SPEAKER_00 (12:52):
Right.
Well, what do you think couldhave been done differently to
avoid falling for the for thePonzi scheme?
SPEAKER_01 (13:00):
Well, that's a tricky question because it's
like, like I said, it's kind ofa generational thing, right?
Like, I mean, there are peoplethat didn't grow up necessarily
as intimate with the internetand with like you know digital
advertising and theunderstanding of the way that
the world works, and it's likenot to say gullible, like I
definitely don't want to usethat term because it sounds kind
of mean-spirited.
Yeah.
But here's one of my leastfavorite things in the world.
(13:21):
So if you watch Jeopardy or uhWheel of Fortune or like the
Antiques Roadshow, or what Iwould dub uh affectionately an
old person's show, there's a lotof advertisements that you'll
see, commercials in between likethe the TV show that are always
the same about like, you know,like advertising medicines or
like specific like things, likedifferent things that were like
(13:43):
more inclined and more targetedto an older demographic.
SPEAKER_00 (13:46):
Yeah.
SPEAKER_01 (13:46):
One of my least favorite commercials that you'll
ever see, it's a commercialabout like purchasing a specific
company's life alert policy orsomething like that, where
they're specifically targetingolder people about life
insurance policies or lifeinvestments or like like
investing on like a like aretirement sort of thing.
The way that they frame thecommercial is that it's too it
looks like a news segment whereit's like it's got the news
(14:09):
ticker tape and it looks likelike a news reporter sitting
down at a table with the aclient that they're
interviewing.
It's like, tell me about whatthis can do for uh elderly
people in America or whatever,and they're like talking about
it, and it looks like it's anews segment, like on ABC or
CNBC or whatever, but it'stotally just an ad.
It's like a 60-second targetedcommercial, and I'm like, that
(14:31):
is so manipulative to a specificgroup of people that it like
sucks that that even exists.
SPEAKER_00 (14:37):
I mean, and I've obviously I haven't like fallen
for this like scam, but forexample, I got an envelope in
the mail that was about payingtolls for New York State.
And I I was recently in New Yorkto go visit my friend in
Buffalo, and they're likethey've got the electronic tolls
now.
Yeah.
And I feel like I get like scamtexts all the time, and it's
easy for me to see that.
But like this envelope, itlooked legit.
(14:58):
But part of me is just like, ifI just scan this QR code and pay
on, like, who knows if this isactually going, you know, to the
right people.
So I I always like for that,like I looked up online and
tried to not take that sourcefor um like as automatic truth,
even though it may have lookedlegit.
Like I did some research and andlooked on like you know, Reddit
and other sites, like about likelike is this site like actually
(15:20):
like legitimate, like the onethat I'm gonna pay on and all
that stuff.
So I I always try to verifysomething before.
SPEAKER_01 (15:25):
Yeah, I think the bottom line is just like
research whenever you'rewhenever you're getting into
something.
I mean, it's hard.
It's like we're this podcast isprobably primarily listened to
by a younger demographic, butit's like there are people in
the real estate industry,buyers, sellers, all over, that
are, you know, that don'tproperly do their research, and
you just need to make sure thatyou vet everything.
(15:45):
Like, don't don't willingly justlike especially when it comes to
money and finances, like youwant to make sure that you're
vetting everything and doingyour best due diligence to s to
suss out any kind of likepotential scam or potential
issue, like you want to justmake sure that you're covering
all your bases, right?
Yeah.
Yep.
Not really much else to say, butsorry, Mr.
uh what's his name?
(16:06):
Mr.
Carver.
The Rentish Pod would like toextend a uh a loving hand and
let you know you know, we'resorry that this happened to you.
This sucks, obviously.
If you or someone you know has astory similar like this, feel
free to email questions at therentishpod.com with your story.
We'd love we we do truly enjoylistening to the the the horror
(16:27):
stories or fun stories.
If you have a fun one, feel freeto email us and we'd be happy to
read it on the show.
Alright.
Well, that's time to move on,Patrick.
Cool.
Like so.
We're gonna play a game.
We're gonna switch it over.
We got games.
Yeah.
It's been a it's been a minutesince we played a game on here.
So we're gonna play one and I'mgonna host it, and you're gonna
(16:49):
play along.
Today, we're playing a littlegame called Listing or Lying.
Listing or Lying.
I feel like insert theme musichere, producers.
We'll throw some wild bizarre orjust plain unbelievable property
listings your way.
Pat's job is to guess.
Are these actual homes that wereon the market, or did we just
make them up?
Some of these will make youshake your head, others might
(17:10):
make you laugh, but one thing'sfor sure, real estate can get
seriously strange.
So let's see if Pat can separatelisting from lies.
Like and who wants to be amillionaire when all the lights
like you know what I'm talkingabout?
Yeah.
That was good.
Alright.
So I've got a few listings here.
(17:31):
Number one, the most colorfulhome in Queens.
Location, Astoria, Queens, NewYork.
Price$1.85 million.
Layout, six-bed, four-bath.
Here's the description.
You ready for it?
So far, you think lie.
Yeah.
So far you're you're like, thisis the lie.
Yeah.
Alright, tucked away on a quietstreet in Astoria, Queens.
(17:52):
This three-story townhouse waspainted in nearly every shade of
the rainbow, from hot pinkshutters to lime green trim.
Step through a graceful attachedentryway into a candy-colored
wonderland where every roombursts with personality and
soul.
Think floor-to-ceiling windowsthat drench the space in natural
light, hand-selected chandeliersthat double a sculptural art,
and bold floral themed finishesthat feel like living in an
(18:13):
eternal spring.
The most colorful home inQueens.
Okay.
SPEAKER_00 (18:17):
No pictures.
Okay, no pictures.
So okay, that makes it a littlebit harder.
So originally I was like liebecause six-bedroom house in
Queens.
In New York.
For what would you say, 1.6?
1.8 million.
I mean, like, I just likeknowing how expensive real
estate is in New York, I'mthinking like a six-bedroom
house.
Like 1.8 million.
(18:38):
That does seem low.
It seems low to me.
But also it's it's like Queensand not like Manhattan.
So you know, maybe maybe it'snot as expensive as I'm as I
might think.
But like it seems low for thatbig of a house or that many
bedrooms of a house.
That said, the fact that it'slike claiming to be like the
most colorful house, it'sdrawing sort all sorts of
attention to itself for thecolors.
Sure.
(18:59):
Like makes it seem like whywould you draw this much
attention to yourself instead oflike I feel like a scam listing
might want to like be a littlebit more, you know, incognito
and a little bit more like Idon't know.
SPEAKER_01 (19:10):
Like, something to be said for the art of the sale,
though.
They're trying to like, they'retrying to make a catchy title.
That's true.
SPEAKER_00 (19:15):
I mean, they're going, they're going big here.
I'm I'm still gonna go lyingjust because of the way the
listing sounded, like the wordsused, it made it seem seem a
little too salesy.
A little too salesy.
Um so I'm going I'm going lie,with my one hesitation being
like, you know, this this grandclaim that you're the most
colorful house.
Like that makes it that draws alittle too much attention to
itself.
SPEAKER_01 (19:36):
So listing, listing or lie?
You're locking in lying, lying.
Show me lie! Yeah, according toproducer Musay, this is an
actual real listing.
Now can I show the photo?
Yeah.
So that's the photo of thelisting.
Okay.
So, you know, not the most likeelegant looking property ever,
but it's kind of just got thiseclectic sort of like color
palette to it.
I don't know.
Are we gonna put the images inthe description of the pod?
(19:59):
Okay, cool.
Alright, ready for number two?
This is m- I don't know why.
This is the most obscure this isthe most not obscure reference,
but it this whole thing ismaking me think of uh when Lord
Farquad is like asking themirror about the different the
different princesses or numberthree, my lord, pick three.
He says pick three and holds upnumber three, my lord two.
(20:21):
Because it's like, oh, it's theeligible batzerette, yeah.
SPEAKER_00 (20:26):
She likes Pinha Colada as a cotton arade.
SPEAKER_01 (20:30):
Such a good movie.
Alright.
Next up, listing number two, theUFO house.
Location, Perump, Nevada.
Okay.
Price$799,000.
Layout two bedrooms, twobathrooms, 1,700 square feet on
10 acres of land.
For the description of thelisting, a saucer-shaped
aluminum clad home elevated onthree concrete piers with a
(20:51):
circular great room, panoramicdesert views, retractable
stairs, and LED landing striplights.
Listing copy claims it wasconceived with guidance from
off-world engineers and featuresgalactic Wi-Fi, plus a
meditation dome, solar panels,and a rainwater capture system
are touted as eco-friendlyperks.
SPEAKER_00 (21:12):
Oh, that's so awesome.
Patrick, is it listing or live?
I hope it's I hope it's listingso I can live there.
That sounds amazing.
You want to live in the UFOhome?
Dude, that sounds awesome.
I don't know.
Like, that's another one.
SPEAKER_01 (21:26):
Sounds like a nerd's like paradise.
Yeah, that's crazy.
Some neck beard is gonna move inthere and never leave.
SPEAKER_00 (21:33):
That sounds like that's just crazy if that does
exist.
But so it's so out there that Ifeel like it has like I'm I'm
going, I'm going listing.
Like it just it sounds so outthere that I'm gonna I'm gonna
say that sounds real.
SPEAKER_01 (21:45):
Show me listing!
SPEAKER_00 (21:49):
Yeah.
SPEAKER_01 (21:50):
Alright, so yeah, that was a lie.
The UFO house is a lie.
It's funny because like I I Idon't know if you've ever gone,
have you ever used Airbnb andlooked at like like quirky, the
quirky listings, like the uniquelistings that they have?
Not no, I haven't.
You can stay in some places thatstraight up look like flying
saucers.
Oh, that's so sweet.
Really quick, and then we'regonna end this bad boy.
(22:11):
Next up, the two toiletbathroom.
Location Shrewsbury, Shro Holymoly, Shrewsbury, Shropshire in
the United Kingdom.
SPEAKER_00 (22:23):
That sounds like a big place.
SPEAKER_01 (22:25):
It's located in Shrewsbury, Shropsburg, the most
magical kingdom in all of theUK.
Priced at$400,000, five bed, onebath, two toilets.
Uh this unassuming semi-detachedhouse offers spacious and
flexible accommodation, idealfor modern family life.
But it also has one featurethat's got everyone talking.
(22:48):
The main bathroom features twotoilets placed side by side.
The rest of the home is moretraditional but generous, with
five bedrooms, shared livingspaces, and plenty of room to
make your own.
The property's layout and designsuggests its former life as a
pub might explain the doublelose.
Is it listing or lie?
SPEAKER_00 (23:07):
That's just such a ridiculous selling point.
Like like who's gonna do that?
Like, take like two like twofriends.
You can you can take a dump withyour friend.
Like, what kind of selling pointis that?
Like, um, I don't know.
That's ridiculous.
I'm gonna go but like I'm gonnaguess true for the same reason.
It's just like why would youlike the UFO?
(23:29):
It's like, yeah, I thought itwas so ridiculous, but it's like
that's a selling point.
Like, this is not a sellingpoint.
Like, no, like, I don't know.
It sounds I'm somebody itdoesn't sound like a selling
point, which means that you'rethinking it's true.
I'm I'm thinking it's just apoorly engineered house and they
have to just like lean into it.
Okay, you know, versus like whywould somebody fake this listing
and be like, you know, likepeople will want to live here.
(23:51):
Okay.
You know, that's just my gut.
SPEAKER_01 (23:53):
Alright, so you're listing or you're going listing.
I'm going listing.
Show me listing.
It's a listing.
Okay.
All right.
I guess.
You can't hear when the producereven screams listing into the
microphone.
So yeah, no, this is true.
This is a listing.
Okay.
Alright, good.
I got one.
And here's the photo.
So I think a simple plumbing jobmight fix this problem.
SPEAKER_00 (24:16):
It's stupid.
It's like like it's like takeyour pick when you walk in.
Hmm, which one do I want to?
I guess you could do one.
Oh, genius.
One has the toilet seat up andthe other one has the toilet
seat down.
That way everybody's happy.
That would fix every marriedargument.
SPEAKER_01 (24:30):
That's right.
One toilet seat up.
That is really funny.
Okay.
Last one.
The submerged condo in KeyBichane, Florida.
3.6 million per unit.
Uh, three bedroom, three and ahalf bath, 2,400 square foot.
The description on the onZillow.
Marketed as the first of itskind below sea level living.
(24:52):
These luxury condos claim to sit12 feet under the waterline with
360-degree reef views throughreinforced acrylic windows.
Amenities include a glass-walledelevator descending from the
shore-level lobby, a rooftopinfinity pool that's above
water, of course, and privateboat slips.
Interior renderings show mantarays gliding past the living
(25:13):
room.
Listing or live.
SPEAKER_00 (25:15):
I'm gonna go that sounds like a Bond villain lair.
Like or if if this is real,that's just like the most rich
kid energy thing I've everheard.
That's pretty extra.
That is so extravagant.
Um, night school.
SPEAKER_01 (25:35):
Nightmare.
I would never pay to liveunderwater.
No.
Insanity.
No, agreed.
Insanity.
If I woke up in the middle ofthe night and looked out a glass
window and saw water.
SPEAKER_00 (25:44):
Like just a shark.
Nope.
Uh game over.
Yeah, okay.
It sounds like it sounds like aBond villain lair.
I'm going fake.
I'm going lying.
Sorry.
Going lying.
SPEAKER_01 (25:52):
Show me lie! It's a lie.
Yeah, it's a lie.
It's actually a lie.
So yeah, this is another fakeone.
So you nailed it.
You got so what was it?
What was Patrick's final?
Two for two.
Or a two for four.
SPEAKER_00 (26:02):
Two for four.
So two and two.
SPEAKER_01 (26:04):
Two wins, two losses.
Congrats.
You at least, I mean, you got50% of it.
We'll see if next time you cansuss out the other 50%, but uh,
I think you did a good job.
SPEAKER_00 (26:13):
I would have fallen for the the UFO house.
Is that the one?
The UFO house.
Yeah.
Maybe you fall for that one.
I would have sunk, whatever,$700,000 of that.
I think I was living in Area 51.
And yeah.
SPEAKER_01 (26:26):
Maybe one of these days, Patrick, we can make
enough money on this podcast foryou to own the UFO house.
Well, that's been anotherepisode of the Rentish Podcast.
Thank you guys for listening andjoining along with the fun and
the games and the news and thetopics and everything.
We've been having fun timestalking with you.
Remember to follow the show.
You can go to the Rentish Pod onyour favorite podcast service of
(26:47):
choice.
Search for us there.
Give us a like, give us afollow, give us a comment, five
star review, share us with yourfriends that enjoy real estate,
or maybe just enjoy two guystalking about real estate or
things that, you know, make uslaugh and all that fun stuff
there.
Email questions at the rentishpod.com if you have a fun real
estate story, or if you've gotsome topic suggestions or ideas,
or just anything that you wantto write into the show, just
(27:09):
questions about real estate,questions about property
management, we'd be happy toanswer those questions or or
give them to a guest to answer.
If there's someone you'd like tosee us interview on the show,
feel free to message us as well.
But yeah, that's about it.
At the Rentish Pod on socialmedia.
I've been Zach, that's been Pat,and we'll see you guys next
time.
The Rentish Podcast is recordedin Cincinnati, Ohio, hosted by
(27:32):
Patrick Giro and me, ZachRotello.
Produced by Mousse Gabermescelland Charlene Mulchendani.
Edited by Elliot Mongenis.
Theme song by me, Zach Rotello.
What's going on, everybody?
Welcome to the season two of theRentish Podcast.
I'm Zach, and I'm here with myco-host Patrick.
SPEAKER_00 (00:10):
We're two rookies chasing the dream of real estate
investing.
In this podcast, we'll talkabout property management, wild
stories, and everything inbetween.
We don't know it all yet.
SPEAKER_01 (00:18):
But that's the point! We're learning as we go,
just like you.
We'll bring in the experts toeducate and inform us, and then
we'll figure it out together.
So let's laugh, learn, and diveinto real estate side by side.
Gotta be honest with you, buddy,there's some weird energy on
that intro read, but I kind ofliked it.
SPEAKER_00 (00:33):
Yeah, I was really trying to channel my future
career in voice acting.
SPEAKER_01 (00:36):
Yeah, that's the thing, is that this whole this
whole podcast is not, it's notpart of the job.
We're really just like shadowputting our resume out there for
Disney and Pixar to like comeand hire us as voice actors.
Yeah.
So yeah, I don't know.
How's your day going?
SPEAKER_00 (00:50):
Uh so far so good.
SPEAKER_01 (00:51):
How about you?
No, I'm caffeinated up.
I'm drinking a we we hadchocolate coffee pots.
It was actually really good.
I was shocked.
I usually don't like flavoredcoffee in any respect, but that
was some very subtle, verylovely hints of chocolat.
Yeah.
And I was very much enjoying it.
You're a cran uh pounding theseltzer over there.
Yeah, I already had my coffee.
(01:12):
Already had your coffee ready toroll, ready to get energized
about property management.
I'm so pumped.
Yeah.
SPEAKER_00 (01:17):
Oh, yeah.
I just saw you the other day.
Yeah.
SPEAKER_01 (01:20):
Before you talk about that, thank you for
listening to The Rentish Pod.
Check us out on socials at theRentish Pod.
Email questions at therentishpod.com.
Go to the Rentish uh podcast onyour podcast platform of choice.
Like us, subscribe, hit the bellfor notifications on new
episodes.
Like us, give us a comment,share it with your friends who
like property management andreal estate.
And then Patrick, go ahead.
Oktoberfest.
SPEAKER_00 (01:40):
Yeah, as I was saying before I was rudely
interrupting.
SPEAKER_01 (01:43):
Hey, we gotta make the money.
We gotta make we gotta pay thebills.
Yeah, how was that?
We say he's penniless.
He laughed.
He still doesn't have a mic.
We can't afford a third micanymore.
We had to sell the third mic tobe able to pay for uh his
salary.
No, okay, sorry.
SPEAKER_00 (02:02):
Oktoberfest.
How was that Schnitzel sandwichyou were eating on Saturday
evening?
SPEAKER_01 (02:07):
It was good.
Yeah.
So this pet we're recording thison uh September 23rd.
This past weekend was theOktoberfest Cincinnati, which is
a timeless tradition in our cityof Cincinnati where we record
this podcast where it isfamously the largest Oktoberfest
outside of the big one inMunich, Germany.
Yes.
Um and uh Cincinnati has a bigGerman population.
(02:27):
Lots of German immigrants cameto Cincinnati back in the day
when it was being settled andand and everything.
So that's why there's such a bigculture of celebrating the
heritage of Germ of the GermanGermanic roots, sorry.
But yeah, ate some schnitzel,some red cabbage, some you know
those like uh one of my favoritethings are those candied nuts
that you can get that they servethat are like they like hot,
(02:48):
they put them in that wheel,they spin them around and get
like all like the sugar on themand stuff.
Oh my god, it's like it's likeit's addicting.
You just like once you pop, youjust can't stop.
But the food was the food wasexcellent.
I mean the food was great, thebeer was great.
I love I love going.
There was a uh a polka band thatplayed at the one of the far
ends of the park until like 1130that night, and they were just
(03:12):
doing like covers of like thekillers and frickin' uh they did
uh Pink Pony Club, and what butit was like with like tubas and
and everything and like anaccordion, and it was like just
people in leader hosen anddresses and just rocking out,
and then it's it's a fun time.
Yeah.
October 5th is a fun time.
SPEAKER_00 (03:28):
Yeah, I had a bunch of Bratwursts and sausages this
weekend.
Uh that's one thing I didn't getwas a sausage.
Oh man, what are you doing?
SPEAKER_01 (03:36):
I don't know.
A Ruben.
Schnitzel's where it's at, man.
That's Schnitzel's great.
I had Thursday.
So good.
You were like getting sunsoaked, like letting the the 90
degree Cincinnati weather justbeat you right in the face while
you pounded beers.
SPEAKER_00 (03:49):
No, it was I was there from 2 p.m.
to 11 p.m.
So yeah, I was there for awhile.
And I I lost my group at somepoint, and then yeah, I bumped
into you, and I thought, and Iwas like, I'm gonna go over
here, and I thought I was nevergonna see or hear from you ever
again.
SPEAKER_01 (04:01):
But then you came like five minutes later and
Yeah, no, I was I was out andaround just kind of eating food
and enjoying the atmosphere.
But really, really fun.
I guess how do you make thattransition into talking about
property management and realestate, you know?
I mean, like, shout out toCincinnati for the uh the
management of the facilities ofthe grounds.
(04:21):
Yeah, I'm really I'm reallyThat's a good one.
Yeah.
Landscaping costs and all thatstuff like that.
SPEAKER_00 (04:28):
Speaking of landscaping, yeah, what do you
landscape real estate?
Oh, yeah, right.
And what else has to do withreal estate?
The Rentish Podcast.
That's why we get paid the bigbucks.
Yeah.
SPEAKER_01 (04:37):
We're right on target here.
We got a good show for you guystoday.
It's gonna be a really fun one.
Uh we we don't have an expert tocome in on uh for an interview
segment for this episode, butwhat we do have is um Mousse
scooting the bench and making afarting noise.
Uh we do have if that picked upon the mic, keep that in.
And uh we we do have a couplefun stuff.
(04:58):
Patrick's got a tenant horrorstory that he's gonna read, and
we're gonna talk about that, andwe'll see how that's gonna go.
He's giving me a look like he isabsolutely thrilled to read this
one.
So excited.
And then after that, we're gonnalighten the mood by playing a
little game called Listening orLying.
So uh again, thank you forlistening to the show.
And Patrick, why don't we get oninto it, huh?
SPEAKER_00 (05:18):
Yeah, so this segment's called Um
Incalculable.
Oh wow, I'm already messing upthe first word.
What is it called real estatestory?
Doing it's a real the segment'scalled Real Estate Horror
Stories, as we talked about.
I'm talking about the this thetitle of the story is
incalculable.
Right?
Incalculable damage.
How a we buy ugly housesfranchise left a trail of
(05:41):
financial wreckage across Texas.
Sounds like true horror.
Like actual horror.
Yeah, no, for sure.
So we'll get right into it.
Ronald Carver was a skepticalWow, I'm at I'm butchering this
already.
Ronald Carver was skeptical whenhis investment advisor first
tried to sell him on an uglyhouses investment opportunity
(06:04):
eight years ago.
But once the Texas retiree heardthe details, it seemed like a
no-lose situation.
Carver would lend money toCharles Carrier, owner of
Dallas-based CNC ResidentialProperties, a high-producing
franchise in the Homevestors ofAmerica house flipping chain,
known for his ubiquitous We BuyUgly Houses advertisements.
(06:27):
The business would then use thedollars to purchase properties
in which Carver would receive anownership stake, securing his
investment and an annual returnof 9% paid in monthly
installments.
Worst case, I would end up witha property worth more than what
the loan was, Carver said.
Of the pitch.
Carver started with a 115,000loan in 2017, and sure enough,
(06:49):
the interest payments arrivedeach month.
He had worked three decades at anuclear power plant and retired
without a pension and before hecould collect social security.
He and his wife lived off theinvestment income.
The deal seemed so good Carvertalked his elderly father into
investing, starting with$50,000.
As the monthly checks arrived aspromised, both men increased
(07:10):
their investments.
By 2024, Carver estimates theyhad about$700,000 invested with
Carrier.
Then last fall, the checksstopped.
The money Carver and his fatherhad invested was gone.
Insert dramatic noise here,producers.
Carrier is accused oforchestrating a years-long Ponzi
(07:31):
scheme.
I'm gonna try to add that intomy vernacular.
Or one might say had their moneybilked.
That's good.
(07:51):
Yeah, yeah.
The financial wreckage is strewnacross Texas, having swept up
both wealthy investors and olderpeople with modest incomes who
dug into retirement savings onthe advice of the same
investment advisor used byCarver.
Dang.
That's actually really sad.
Yeah, it's really sad.
That really sucks.
Yep.
That really sucks.
As early as 2020, Carrier hadbegun taking out multiple loans
(08:16):
on individual properties, someof which she never owned.
In cases reviewed by ProPublica,as many as five notes were
recorded against a singleproperty, far exceeding the
property's value.
Carrier also failed to properlyrecord many deeds that were
supposed to secure the loans,accumulating more debt than he
could ever repay, whileinvestors remained unaware they
(08:38):
had no collateral for theirinvestments.
That's yeah, that's really,really sad.
That's crazy that that justcould could like happen too.
SPEAKER_01 (08:45):
It's crazy it can happen.
Yeah, I mean that there'sthere's a lot, I feel like real
estate.
I mean, we we talk about thisall the time with like the
horror stories or whatever, butthere's just so many
opportunities on all sides ofthe real estate and investments.
Like whether you're a tenant,whether you're a landlord,
whether you're just an investorin general, or whatever.
There's so many opportunities,it seems like, for people to get
really screwed over.
(09:06):
Yeah.
In a lot of different respects.
And there are the variety iswhat's shocking to me.
I want to ask you the we buyugly houses thing.
Yeah.
This is like a super commonbillboard that you see all over
the place.
And like I've really neverthought too much about it.
You see them everywhere, and I'mlike, okay, so I get the I guess
I get the concept, but like Inever really thought too much
(09:28):
about like who would actuallylook at one of those billboards
and think, like, oh, this isgonna be something that I
actually want to take advantageof.
I've always kind of thought likeit's a little scammy or scummy.
SPEAKER_00 (09:38):
I never like look at a billboard and I'm like, I'm
gonna utilize that service.
That's the thing.
Unless it's like a new Arbysandwich or something.
SPEAKER_01 (09:45):
I I think it might be, I mean, like, that certainly
seems to be like a difference ina lot of generational kind of
ideology, right?
It's like physical advertisingis just kind of like not the
vibe for younger audiences, Iwould say.
Like, I mean, like one of myfavorites around Cincinnati is
the the bench ads that say l CULooked.
(10:07):
Have you ever seen those?
It's a bench and it's got an adon it with two big eyes, and
it's like see you looked benchads actually do work, and it's
like a number to call so thatyou can rent out space on a
bench.
I always think about those whenI'm like, yeah, okay, so I did I
I looked, but does it mean thatI'm actually gonna like fall for
whatever advertising is on thebench or whatever?
Like that.
(10:27):
That's kind of the thing withbillboards.
It's that's like usually it'sjust like an eyesore, and I just
like look right on pie.
Right.
But clearly there are people outthere that see these things, get
interested, they see the salespitch, and they think, you know
what, I've got a crappy sothat's my other thing, is that
like we buy ugly houses.
I'm not I'm gonna call themschemes or whatever.
Those kinds of places are reallyjust advertising away for people
(10:49):
with a damaged property or ahard to sell property.
What are they there for exactly?
They're there just for likeundesirable homes to be given an
extra leg up to be sold throughlike these commercial partners,
right?
Yeah, I mean I I seems like it.
I mean like to me, that justseems like you're adding extra
(11:10):
steps to an already like trickyproblem.
Yeah, no, I I agree.
Yeah, producer Mousse handed mehis phone.
We buy ugly houses as afranchise of homevestors, a
company that buys homes in anycondition for cash, including
properties that need repairs asis.
Homevestors uses a network ofindependently owned and operated
franchisees who offer a fast,hassle-free way to sell a house
(11:32):
compared to the traditionalmarket.
Though this convenience may comeat the cost of a lower sale
price, the company focuses onspeed and convenience for
sellers needing to offloadproperties quickly.
No repairs needed, you can sellyour house, quote unquote, as is
without having to invest incostly renovations.
SPEAKER_00 (11:49):
Well, I feel like it's also though one of those
things, like like in this casein the story, where it's like if
it's a scam, I feel like a lotof times like you you're
instantly scammed, but here theywere actually receiving monthly
payments.
And so it gave them theconfidence to then invest more.
Yeah.
And then you know, then they'reout way more money.
SPEAKER_01 (12:07):
Have you ever heard of the phrase the long con?
Tricking somebody over a periodof time, like taking advantage
of someone that in the long run,you maybe get more out of the
situation.
SPEAKER_00 (12:17):
Yeah, no, I mean that makes sense.
I that's clearly what whathappened, what happened here.
At one point in the story do youfeel like the red flags became
impossible to ignore?
SPEAKER_01 (12:26):
Yeah, probably when the checks stopped coming.
I mean, uh I just read thatquestion and I was like, I mean,
that's a pretty Yeah, I mean,that's a red flag for me in any
respect.
If suddenly I stopped gettingpaid, I would be like.
No, yeah, if I if I uh suddenlyjust stop receiving money for
like a expected investment, likethat is a definite red flag and
(12:49):
something you should immediatelydraw concern on.
SPEAKER_00 (12:52):
Right.
Well, what do you think couldhave been done differently to
avoid falling for the for thePonzi scheme?
SPEAKER_01 (13:00):
Well, that's a tricky question because it's
like, like I said, it's kind ofa generational thing, right?
Like, I mean, there are peoplethat didn't grow up necessarily
as intimate with the internetand with like you know digital
advertising and theunderstanding of the way that
the world works, and it's likenot to say gullible, like I
definitely don't want to usethat term because it sounds kind
of mean-spirited.
Yeah.
But here's one of my leastfavorite things in the world.
(13:21):
So if you watch Jeopardy or uhWheel of Fortune or like the
Antiques Roadshow, or what Iwould dub uh affectionately an
old person's show, there's a lotof advertisements that you'll
see, commercials in between likethe the TV show that are always
the same about like, you know,like advertising medicines or
like specific like things, likedifferent things that were like
(13:43):
more inclined and more targetedto an older demographic.
SPEAKER_00 (13:46):
Yeah.
SPEAKER_01 (13:46):
One of my least favorite commercials that you'll
ever see, it's a commercialabout like purchasing a specific
company's life alert policy orsomething like that, where
they're specifically targetingolder people about life
insurance policies or lifeinvestments or like like
investing on like a like aretirement sort of thing.
The way that they frame thecommercial is that it's too it
looks like a news segment whereit's like it's got the news
(14:09):
ticker tape and it looks likelike a news reporter sitting
down at a table with the aclient that they're
interviewing.
It's like, tell me about whatthis can do for uh elderly
people in America or whatever,and they're like talking about
it, and it looks like it's anews segment, like on ABC or
CNBC or whatever, but it'stotally just an ad.
It's like a 60-second targetedcommercial, and I'm like, that
(14:31):
is so manipulative to a specificgroup of people that it like
sucks that that even exists.
SPEAKER_00 (14:37):
I mean, and I've obviously I haven't like fallen
for this like scam, but forexample, I got an envelope in
the mail that was about payingtolls for New York State.
And I I was recently in New Yorkto go visit my friend in
Buffalo, and they're likethey've got the electronic tolls
now.
Yeah.
And I feel like I get like scamtexts all the time, and it's
easy for me to see that.
But like this envelope, itlooked legit.
(14:58):
But part of me is just like, ifI just scan this QR code and pay
on, like, who knows if this isactually going, you know, to the
right people.
So I I always like for that,like I looked up online and
tried to not take that sourcefor um like as automatic truth,
even though it may have lookedlegit.
Like I did some research and andlooked on like you know, Reddit
and other sites, like about likelike is this site like actually
(15:20):
like legitimate, like the onethat I'm gonna pay on and all
that stuff.
So I I always try to verifysomething before.
SPEAKER_01 (15:25):
Yeah, I think the bottom line is just like
research whenever you'rewhenever you're getting into
something.
I mean, it's hard.
It's like we're this podcast isprobably primarily listened to
by a younger demographic, butit's like there are people in
the real estate industry,buyers, sellers, all over, that
are, you know, that don'tproperly do their research, and
you just need to make sure thatyou vet everything.
(15:45):
Like, don't don't willingly justlike especially when it comes to
money and finances, like youwant to make sure that you're
vetting everything and doingyour best due diligence to s to
suss out any kind of likepotential scam or potential
issue, like you want to justmake sure that you're covering
all your bases, right?
Yeah.
Yep.
Not really much else to say, butsorry, Mr.
uh what's his name?
(16:06):
Mr.
Carver.
The Rentish Pod would like toextend a uh a loving hand and
let you know you know, we'resorry that this happened to you.
This sucks, obviously.
If you or someone you know has astory similar like this, feel
free to email questions at therentishpod.com with your story.
We'd love we we do truly enjoylistening to the the the horror
(16:27):
stories or fun stories.
If you have a fun one, feel freeto email us and we'd be happy to
read it on the show.
Alright.
Well, that's time to move on,Patrick.
Cool.
Like so.
We're gonna play a game.
We're gonna switch it over.
We got games.
Yeah.
It's been a it's been a minutesince we played a game on here.
So we're gonna play one and I'mgonna host it, and you're gonna
(16:49):
play along.
Today, we're playing a littlegame called Listing or Lying.
Listing or Lying.
I feel like insert theme musichere, producers.
We'll throw some wild bizarre orjust plain unbelievable property
listings your way.
Pat's job is to guess.
Are these actual homes that wereon the market, or did we just
make them up?
Some of these will make youshake your head, others might
(17:10):
make you laugh, but one thing'sfor sure, real estate can get
seriously strange.
So let's see if Pat can separatelisting from lies.
Like and who wants to be amillionaire when all the lights
like you know what I'm talkingabout?
Yeah.
That was good.
Alright.
So I've got a few listings here.
(17:31):
Number one, the most colorfulhome in Queens.
Location, Astoria, Queens, NewYork.
Price$1.85 million.
Layout, six-bed, four-bath.
Here's the description.
You ready for it?
So far, you think lie.
Yeah.
So far you're you're like, thisis the lie.
Yeah.
Alright, tucked away on a quietstreet in Astoria, Queens.
(17:52):
This three-story townhouse waspainted in nearly every shade of
the rainbow, from hot pinkshutters to lime green trim.
Step through a graceful attachedentryway into a candy-colored
wonderland where every roombursts with personality and
soul.
Think floor-to-ceiling windowsthat drench the space in natural
light, hand-selected chandeliersthat double a sculptural art,
and bold floral themed finishesthat feel like living in an
(18:13):
eternal spring.
The most colorful home inQueens.
Okay.
SPEAKER_00 (18:17):
No pictures.
Okay, no pictures.
So okay, that makes it a littlebit harder.
So originally I was like liebecause six-bedroom house in
Queens.
In New York.
For what would you say, 1.6?
1.8 million.
I mean, like, I just likeknowing how expensive real
estate is in New York, I'mthinking like a six-bedroom
house.
Like 1.8 million.
(18:38):
That does seem low.
It seems low to me.
But also it's it's like Queensand not like Manhattan.
So you know, maybe maybe it'snot as expensive as I'm as I
might think.
But like it seems low for thatbig of a house or that many
bedrooms of a house.
That said, the fact that it'slike claiming to be like the
most colorful house, it'sdrawing sort all sorts of
attention to itself for thecolors.
Sure.
(18:59):
Like makes it seem like whywould you draw this much
attention to yourself instead oflike I feel like a scam listing
might want to like be a littlebit more, you know, incognito
and a little bit more like Idon't know.
SPEAKER_01 (19:10):
Like, something to be said for the art of the sale,
though.
They're trying to like, they'retrying to make a catchy title.
That's true.
SPEAKER_00 (19:15):
I mean, they're going, they're going big here.
I'm I'm still gonna go lyingjust because of the way the
listing sounded, like the wordsused, it made it seem seem a
little too salesy.
A little too salesy.
Um so I'm going I'm going lie,with my one hesitation being
like, you know, this this grandclaim that you're the most
colorful house.
Like that makes it that draws alittle too much attention to
itself.
SPEAKER_01 (19:36):
So listing, listing or lie?
You're locking in lying, lying.
Show me lie! Yeah, according toproducer Musay, this is an
actual real listing.
Now can I show the photo?
Yeah.
So that's the photo of thelisting.
Okay.
So, you know, not the most likeelegant looking property ever,
but it's kind of just got thiseclectic sort of like color
palette to it.
I don't know.
Are we gonna put the images inthe description of the pod?
(19:59):
Okay, cool.
Alright, ready for number two?
This is m- I don't know why.
This is the most obscure this isthe most not obscure reference,
but it this whole thing ismaking me think of uh when Lord
Farquad is like asking themirror about the different the
different princesses or numberthree, my lord, pick three.
He says pick three and holds upnumber three, my lord two.
(20:21):
Because it's like, oh, it's theeligible batzerette, yeah.
SPEAKER_00 (20:26):
She likes Pinha Colada as a cotton arade.
SPEAKER_01 (20:30):
Such a good movie.
Alright.
Next up, listing number two, theUFO house.
Location, Perump, Nevada.
Okay.
Price$799,000.
Layout two bedrooms, twobathrooms, 1,700 square feet on
10 acres of land.
For the description of thelisting, a saucer-shaped
aluminum clad home elevated onthree concrete piers with a
(20:51):
circular great room, panoramicdesert views, retractable
stairs, and LED landing striplights.
Listing copy claims it wasconceived with guidance from
off-world engineers and featuresgalactic Wi-Fi, plus a
meditation dome, solar panels,and a rainwater capture system
are touted as eco-friendlyperks.
SPEAKER_00 (21:12):
Oh, that's so awesome.
Patrick, is it listing or live?
I hope it's I hope it's listingso I can live there.
That sounds amazing.
You want to live in the UFOhome?
Dude, that sounds awesome.
I don't know.
Like, that's another one.
SPEAKER_01 (21:26):
Sounds like a nerd's like paradise.
Yeah, that's crazy.
Some neck beard is gonna move inthere and never leave.
SPEAKER_00 (21:33):
That sounds like that's just crazy if that does
exist.
But so it's so out there that Ifeel like it has like I'm I'm
going, I'm going listing.
Like it just it sounds so outthere that I'm gonna I'm gonna
say that sounds real.
SPEAKER_01 (21:45):
Show me listing!
SPEAKER_00 (21:49):
Yeah.
SPEAKER_01 (21:50):
Alright, so yeah, that was a lie.
The UFO house is a lie.
It's funny because like I I Idon't know if you've ever gone,
have you ever used Airbnb andlooked at like like quirky, the
quirky listings, like the uniquelistings that they have?
Not no, I haven't.
You can stay in some places thatstraight up look like flying
saucers.
Oh, that's so sweet.
Really quick, and then we'regonna end this bad boy.
(22:11):
Next up, the two toiletbathroom.
Location Shrewsbury, Shro Holymoly, Shrewsbury, Shropshire in
the United Kingdom.
SPEAKER_00 (22:23):
That sounds like a big place.
SPEAKER_01 (22:25):
It's located in Shrewsbury, Shropsburg, the most
magical kingdom in all of theUK.
Priced at$400,000, five bed, onebath, two toilets.
Uh this unassuming semi-detachedhouse offers spacious and
flexible accommodation, idealfor modern family life.
But it also has one featurethat's got everyone talking.
(22:48):
The main bathroom features twotoilets placed side by side.
The rest of the home is moretraditional but generous, with
five bedrooms, shared livingspaces, and plenty of room to
make your own.
The property's layout and designsuggests its former life as a
pub might explain the doublelose.
Is it listing or lie?
SPEAKER_00 (23:07):
That's just such a ridiculous selling point.
Like like who's gonna do that?
Like, take like two like twofriends.
You can you can take a dump withyour friend.
Like, what kind of selling pointis that?
Like, um, I don't know.
That's ridiculous.
I'm gonna go but like I'm gonnaguess true for the same reason.
It's just like why would youlike the UFO?
(23:29):
It's like, yeah, I thought itwas so ridiculous, but it's like
that's a selling point.
Like, this is not a sellingpoint.
Like, no, like, I don't know.
It sounds I'm somebody itdoesn't sound like a selling
point, which means that you'rethinking it's true.
I'm I'm thinking it's just apoorly engineered house and they
have to just like lean into it.
Okay, you know, versus like whywould somebody fake this listing
and be like, you know, likepeople will want to live here.
(23:51):
Okay.
You know, that's just my gut.
SPEAKER_01 (23:53):
Alright, so you're listing or you're going listing.
I'm going listing.
Show me listing.
It's a listing.
Okay.
All right.
I guess.
You can't hear when the producereven screams listing into the
microphone.
So yeah, no, this is true.
This is a listing.
Okay.
Alright, good.
I got one.
And here's the photo.
So I think a simple plumbing jobmight fix this problem.
SPEAKER_00 (24:16):
It's stupid.
It's like like it's like takeyour pick when you walk in.
Hmm, which one do I want to?
I guess you could do one.
Oh, genius.
One has the toilet seat up andthe other one has the toilet
seat down.
That way everybody's happy.
That would fix every marriedargument.
SPEAKER_01 (24:30):
That's right.
One toilet seat up.
That is really funny.
Okay.
Last one.
The submerged condo in KeyBichane, Florida.
3.6 million per unit.
Uh, three bedroom, three and ahalf bath, 2,400 square foot.
The description on the onZillow.
Marketed as the first of itskind below sea level living.
(24:52):
These luxury condos claim to sit12 feet under the waterline with
360-degree reef views throughreinforced acrylic windows.
Amenities include a glass-walledelevator descending from the
shore-level lobby, a rooftopinfinity pool that's above
water, of course, and privateboat slips.
Interior renderings show mantarays gliding past the living
(25:13):
room.
Listing or live.
SPEAKER_00 (25:15):
I'm gonna go that sounds like a Bond villain lair.
Like or if if this is real,that's just like the most rich
kid energy thing I've everheard.
That's pretty extra.
That is so extravagant.
Um, night school.
SPEAKER_01 (25:35):
Nightmare.
I would never pay to liveunderwater.
No.
Insanity.
No, agreed.
Insanity.
If I woke up in the middle ofthe night and looked out a glass
window and saw water.
SPEAKER_00 (25:44):
Like just a shark.
Nope.
Uh game over.
Yeah, okay.
It sounds like it sounds like aBond villain lair.
I'm going fake.
I'm going lying.
Sorry.
Going lying.
SPEAKER_01 (25:52):
Show me lie! It's a lie.
Yeah, it's a lie.
It's actually a lie.
So yeah, this is another fakeone.
So you nailed it.
You got so what was it?
What was Patrick's final?
Two for two.
Or a two for four.
SPEAKER_00 (26:02):
Two for four.
So two and two.
SPEAKER_01 (26:04):
Two wins, two losses.
Congrats.
You at least, I mean, you got50% of it.
We'll see if next time you cansuss out the other 50%, but uh,
I think you did a good job.
SPEAKER_00 (26:13):
I would have fallen for the the UFO house.
Is that the one?
The UFO house.
Yeah.
Maybe you fall for that one.
I would have sunk, whatever,$700,000 of that.
I think I was living in Area 51.
And yeah.
SPEAKER_01 (26:26):
Maybe one of these days, Patrick, we can make
enough money on this podcast foryou to own the UFO house.
Well, that's been anotherepisode of the Rentish Podcast.
Thank you guys for listening andjoining along with the fun and
the games and the news and thetopics and everything.
We've been having fun timestalking with you.
Remember to follow the show.
You can go to the Rentish Pod onyour favorite podcast service of
(26:47):
choice.
Search for us there.
Give us a like, give us afollow, give us a comment, five
star review, share us with yourfriends that enjoy real estate,
or maybe just enjoy two guystalking about real estate or
things that, you know, make uslaugh and all that fun stuff
there.
Email questions at the rentishpod.com if you have a fun real
estate story, or if you've gotsome topic suggestions or ideas,
or just anything that you wantto write into the show, just
(27:09):
questions about real estate,questions about property
management, we'd be happy toanswer those questions or or
give them to a guest to answer.
If there's someone you'd like tosee us interview on the show,
feel free to message us as well.
But yeah, that's about it.
At the Rentish Pod on socialmedia.
I've been Zach, that's been Pat,and we'll see you guys next
time.
The Rentish Podcast is recordedin Cincinnati, Ohio, hosted by
(27:32):
Patrick Giro and me, ZachRotello.
Produced by Mousse Gabermescelland Charlene Mulchendani.
Edited by Elliot Mongenis.
Theme song by me, Zach Rotello.
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