Eliminating property taxes. Home owners insurance. Landlords

Episode Transcript

Speaker 1 (00:15):
Navigating today's real estate market can be tricky. Wanta buyer,
sell a house, finance or insure a house, or stuck
with a house and don't know what to do. Florida
Talk real Estate has been your local one stop real
estate shop since twenty twelve. Get the advice you need
from your local real estate pros. Here are your hosts,
Jim Depola and Johnny c. You live on real Radio.

Speaker 2 (00:36):
It's Saturday morning. Welcome to another edition. It's Florida Talk
real Estate. We got you for the next two hours
of info. Tayman and thanks very much for being there
ninety two one one o one seven in the old
terrestrial radio. Appreciate you dial in and of course if
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pick your device and we are worldwide, whatever corner you're

(01:00):
choosing to tune in from the world today. Thank you
very much for including us on your Saturday and we
should be live streaming as well. There's two sources, Florida
Talk real Estate on Facebook. You can find Florida Talk
real Estate on YouTube as well. That's Florida Talk real Estate, LLC.
Home of a ton of informational chunk videos. Plus our
live stream on a Saturday. Check it out if you're interested.

(01:22):
Of course you can always go back and revisit as well.
Thanks for being there. Of course you can be a
part of the program toll free at eight seven seven
nine two seven six nine six nine. If you dial
it in the first voice you hear there he is.
The melodious tones will be from our producer ex stordinair, Jimothy,
my brother from another mother, O, what up doing?

Speaker 3 (01:39):
Hello? Hello, and good morning, Happy Saturday everyone.

Speaker 2 (01:43):
I'm good to see as always my friend. Happy Saturday
to you, Johnny C. Is me your old buddy, You're
old pal. Here's your starting lineup the very important people
on a Saturday, like Ross Kamarin nets he's with bright
Way Insurance. June no beach, Ross, how are you dude? Good?

Speaker 4 (01:57):
All right?

Speaker 5 (01:57):
Good to say, I good to say everybody. In a while,
it feels like it's been forever, isn't it weird? We
get so used to seeing somebody on the regular. If
you don't see him for a couple of weeks, you're like,
has it been four months?

Speaker 2 (02:09):
It's been a couple of weeks. But it's nice to
see you. Ross. It's good to be always a pleasure
to have you in studio, but we get to typically
see our fearless leader lean on him almost every Saturday,
thirteen plus years now. I've told you he runs a
top producing Calorwiams seeing the Florida home pros at Keller
Williams Innovations. What's up, Jimmy d jim to pull. How
you be?

Speaker 4 (02:29):
Hey, I'm doing okay, happy South Florida. Everybody got it? Man?
Was it stormy yesterday or what? Did you notice that.

Speaker 2 (02:37):
A couple of days?

Speaker 4 (02:38):
Yeah, it's like all week And I thought I thought
that I heard that after Tuesday, like Wednesday was going
to be so clear and perfect and it was gonna
get better during the week.

Speaker 2 (02:48):
I think we may get more of that today, maybe
a little bit tomorrow too.

Speaker 4 (02:51):
Oh and I heard Amelda turn into a hurricane or
something now, Oh yeah, yeah, that's what I saw a headline.
I don't know if it was clickbait or not. I
thought it was gone already held up.

Speaker 2 (03:02):
Yeah, it may be God already, but it still could
have turned into a hurricane.

Speaker 4 (03:05):
Yeah, that's true. It could be like out in the
middle of nowhere, Nova Scotia, you know, Hurricane time. Yes, yep, yep, so.

Speaker 2 (03:12):
But yeah, depending on where you were, you might have
looked out your window yesterday, I've been like, it's a monsoon.
It's a total wide out, it's happening.

Speaker 4 (03:19):
Well, the sky was even a weird color yesterday, and
everything too, depending on where you were. Sure, yeah, it
was very weird. So I did a lot of driving yesterday.
I drove. I drove like one hundred and seventy miles
or something.

Speaker 2 (03:31):
Oh so you experienced like all four seasons.

Speaker 4 (03:33):
Oh yes, I did. I did too. Yeah. So I
was in Jupiter West Palm pointing Lake Okeachobe and then
back to Jupiter again.

Speaker 2 (03:43):
Sweet.

Speaker 4 (03:44):
Yes, it's like I did a whole thing.

Speaker 2 (03:46):
Nice, it's looking it's looking good this time. Here make
the tour.

Speaker 4 (03:50):
Yeah exactly. So it sounds like you're busy.

Speaker 2 (03:53):
It's a good thing.

Speaker 4 (03:54):
Yeah. Yeah, I'm staying very busy. H thank you Todd.
We're gonna be hut a house. The Lake o Kachobe
property is. I have to do some more research on it.
But it's a string of like eight or ten motel
rooms and it looks just like it's lined up just

(04:15):
like Debates motel nice, like the you know, the unit
after unit after universe single story and there's only like
ten of them. And it has the little walk you know,
overhead walkway you know, to get to all the properties.
And then it's got a restaurant that was a very
popular restaurant a long long time ago. And man, when
you walked in, it's like a time capsule from the

(04:36):
nineteen fifties over there. But they have all this pecky
cypress wood everywhere. And I can tell by the look
of both of your faces you have no idea and
Jimmy Doo that pecky Sipus rut is super, super valuable
and very desired for renovations and things like that. People

(04:58):
will go into the palm beach mansions that are being
torn down and stuff and yank that stuff out. It's
so valuable. It's a it's a cypress type of wood.

Speaker 2 (05:07):
And just hard to get her.

Speaker 4 (05:08):
It's hard to get it's I don't want to say
it's extinct because basically it's just cypress wood, and then
that worms have gotten into it and eating it, and
it has all these crevices and stuff in the grains.
That's why they called the pecky part cypress wood. Yeah,
So it's the pecky part is the worm stuff, and
then cypress wood. You've seen it a lot.

Speaker 2 (05:28):
Christ Jimothy doesn't know. He's a big fan of the wood.
I really said that he has.

Speaker 4 (05:37):
So we're we're gonna be we're gonna be selling that property.
It's multi acres. Is also is on the back of
a waterfront that will get you right out to the lake.
It's got a channel right there. You'd have to dredge
the canal a little bit, but it isn't that long,
so you can even have lake access to lake go
directly from there. It's literally probably a football field and

(06:02):
a half from the lake. You know, this property and
they they were the property was inherited and now they're
trying to figure out, you know, who will buy it.
And it's gonna be kind of interesting to see who's
going to buy that because we're looking at a potential
church that might want buy the property. Then there's a

(06:22):
couple of people that bought property all around that property.
So I'm going to start reaching out to them and
see if they want.

Speaker 2 (06:27):
To be like, hey, would you rather that be a church?

Speaker 4 (06:31):
Yeah, exactly, yeah, yeah. And also it might be somebody streamed.
It's like I always wanted to. I always wanted to
have like a little hotel hotel based motel thing and yeah,
holiday exactly. So it'll be interesting to see who will
buy that. And speaking of which, that gets me to

(06:53):
that property we talked about last week. Remember I mentioned
that we had a four bedroom, two bath West Palm
Beach home for I think we had a three seventy
nine to nine. Yes, And there were only like eighty
homes in all of Palm Beach County that were priced
it doesn't even matter. The bedrooms that were priced between
three point fifty and four hundred and the whole county,

(07:16):
and like sixty of them were like way West County,
like Belglade, BOHOCHI. Oh, yeah, that kind of thing. So anyway,
I said, who's going to buy the property. Is it
going to be an investor who's coming in because that's
a low price for four bedrooms to go family home.
Is it going to be investor come in or is
it going to be a savvy home buyer that would
come in and buy the house low and then fix

(07:39):
it up over time and have extra equity because they
did that. Or is an investor going to come in
and buy it. So my question is who bought fixed
house because it went on a contract this week. So
thank you Victor for allowing us to sell the property form.
So do you think it was an investor that bought it,
or first time home buyer or a home buyer person

(07:59):
that just wants to buy there and live there.

Speaker 2 (08:01):
I'll say, I'll say home buyer.

Speaker 4 (08:05):
Yep, that's exactly what happened. I guess that wasn't so exciting.

Speaker 6 (08:10):
Well, you know what I mean, everybody else was saying home.

Speaker 4 (08:13):
Yeah, so you have to go on the other day, right.

Speaker 2 (08:15):
Well, and Jim could have built up the tension and
got your guess and we couldn't hung you out there
on the plank for a minute. He bought.

Speaker 4 (08:25):
Yeah, yeah, exactly, So congratulations to Vic. He came to
me a year ago September and said, I want to
sell my house in the next sixty days. We didn't
put on the market until last Thursday, a week ago Thursday,
so we sold it. We sold it in eight days.
So we sold it in eight days. But once we

(08:47):
got it on the market, it took us. Uh, it
took us thirteen months to get there. But when we
did it only took eight days.

Speaker 2 (08:54):
Nice.

Speaker 4 (08:54):
So anyway, congratulations Vic, he's really happy he's moving up north.
Good congratulations with loved ones up there. So that's to
the buyer too, Yeah, very happy. They're a young family
that live in that area, so work is nearby, this
kid's schools are nearby. They were looking to buy a

(09:15):
larger home because the kids are growing. And here's another
cool thing. This is just like I love when things
work out really nicely. As we were negotiating that offer,
we got another offer that came in right at the
same time, and we were pretty far deep into negotiating
the first one. So I had a call Victor and say, hey,

(09:38):
you have another offer, and actually this offer is a
tiny bit better than the offer you have. Now, how
do you want to handle it? And what his options
would have been when that happens is you could either
go back to both of them and say we're in
a multiple offer situation. Bring your highest and best. He
could decide he wants to negotiate with just one of

(09:59):
them and see if they can strike a deal with one,
and if he doesn't, you can go back to the
other one sure, or he could just accept one of
the offers without any negotiation.

Speaker 2 (10:08):
So plan B would be like putting him in like
a backup role in a way, right, putting that other
offer in a backup role. Right.

Speaker 4 (10:15):
So Victor decided that he was going to stick with
the first offer because he saw the family when he
was there, they showed the property, He happened to be
at the house, really got a good feeling about it.
And even though that the new people are offering are

(10:36):
asking for a seller concession money back at closing, he's
still stuck with that person and didn't ask to go
up in price.

Speaker 2 (10:42):
Well that's amazing.

Speaker 4 (10:43):
So it's really nice that he did it that way,
and what he goes, I want to leave on a
good note. I really had a good time in this house.
I want somebody to enjoy it as much as I did.
So what ended up happening was I called the first
family and I said, look, we do have another offer.
You really should thank the seller because he's not asking
to do a counter or ask for highest and best.

(11:05):
He's willing to give you the property, but he just
wants you to know that you're asking for seller concessions.
So during the inspection, if unless something really major pops up,
we're not expecting you to ask for anything, right, And
that gave him a little peace of mind. Yea, So
they said, we're good, you know, we're they're gonna do
the inspection, of course, but we're good and anyway, really

(11:26):
happy story win wins so far. I feel bad for
the other family. But they can go into backup if
they want to. They haven't said yes yet, big mistake. Sure,
always going back if you like the house, going back up,
if you really love the house, just going to back up.
Things happen in life. If it's meant to be, you're
gonna get it.

Speaker 2 (11:43):
Because in that backup role, you're not obligated, right, I mean,
you still have all the outs that are laid out
for you.

Speaker 4 (11:50):
I mean, there's the way I normally do. We don't
even collect escrow, right, So it's an offer. We'll sign
the offer and agree. Then we put in a term
ESCO will be collected, you know if it goes into
first position, right, right, And so really you're just signing
paper saying, hey, if the house comes back up, if
something you've already agreed to what we're gonna do, and
I'm buying it. Yeah, And they have a right to

(12:11):
go out and go look for other properties. They are
not locked and like can't find so if they find
something else, they just send us a note, Hey we
found another property. Yeah yeah, that's the way it is.

Speaker 2 (12:22):
So yeah, I definitely should have done that.

Speaker 4 (12:24):
Yeah, so pretty good. I want to say hello to everybody,
but my eyesight's really bad today, So just gonna say
hello to everybody holding one and they're not they're they're
I'm having a bad time today. I know. It's like
it's too much to get too much. I need I
need real glasses. Now, there's no doubt I'm going to rocket.
Oh yeah, I have them. I have like fifteen of these.

(12:47):
I got three in my bag.

Speaker 2 (12:48):
So those are just strictly like magnified readers.

Speaker 4 (12:51):
Oh and they're all different ones too, Summer one, Summer
one two five, number one point five, and they're all
in my bag. So I have no idea which is which.
I don't know what this one is.

Speaker 2 (13:01):
I'm curious.

Speaker 4 (13:03):
Because I call myself. Yeah, I'm doctor Dapola. I'm the
eye doctor.

Speaker 2 (13:10):
Oh that's not.

Speaker 4 (13:14):
Are they bad?

Speaker 2 (13:15):
You're not too far off of me? Yeah?

Speaker 4 (13:17):
So what are you? Are you like? I don't know,
are you like? H what what is it when you
have a lower number, it's better sight.

Speaker 2 (13:25):
I couldn't tell you what my number is. Oh, you
don't know you're my mine? Isn't my script? Isn't that bad?
I've like gradually over the last handfull of years, required
a little bit more every year, just a little bit. Uh,
you're not You're not too far gone.

Speaker 4 (13:40):
Well that's these These might be the ones that I'm
using one and a half too and stuff. So maybe
that's why I'm not seen so good. Maybe you might
be worse than I think you are. Yeah, yeah, maybe
so anyway, shout out to them, and shout out to
also Diane. Uh, Diane just sold her house last week.

(14:02):
We closed last week. It was a small condo up
in Stewart. Thank you Mike, which is her brother. Mike
asked me to sell their mom's home, Diana Mike's home,
and then we helped sell Mike's daughter's home, and now
we help Diane. And now Dane's in Missouri. So she's
probably not listened to this right now, but I hope
you enjoyed Missouri. Sounds like she's having a blast up there.

Speaker 2 (14:25):
Great.

Speaker 4 (14:25):
I was really really happy about that. Got in a
really big fight with the Keller Williams agent on that
property because the agent was the mom representing the Sun.
She was demanding that my seller fixed things that the
community is supposed to fix. We went through the inspection
to explain that's a community thing, not a homeowner thing.

(14:47):
We'll ask the community to fix it. So the community
agreed to fix the things that were wrong, and it
was important stuff. There was a crack tile or brand
new roof. They just put rouss on on these buildings,
but there was a crack tile, some of the paper
bricks were uplifting in the driveway, you know, all outside
stuff the community has to deal with. So she was

(15:08):
threatening not to close until the seller took care of
that stuff, and we were like, no, you can't do
that because it's a community thing. We wrote it in
the agreement when we went through the inspection that this
is a community thing and that she would ask and
we did ask for the stuff to be done. And
so they fixed the roof, but they didn't do the
paper bricks because the paper bricks were going to be

(15:29):
done the day after we closed.

Speaker 2 (15:32):
So it's going to happen, it just hasn't happened.

Speaker 4 (15:34):
And they hired the contractor and everything. So the agent
was like, well, how do I know they're going to
do the job. I'm like, they did the roof, why
aren't they going to do the paper bricks? They gave
you the contract, you know, they have the contractor's name.
Call them up. They even know what date they're coming out.
What do you want from us? You know? So anyway,
it got in a pretty big fight, but we won
and it's over. Yeah, it was. The people is so crazy, Yeah,

(16:00):
it's crazy. But congratulations Diane. She called me like two
days later, she goes, are we done done? I'm like,
we're done, done done, We're done done. It's done done.
So anyway, really happy for them.

Speaker 2 (16:11):
Graduation be done done.

Speaker 4 (16:13):
Yeah, exactly. Got a lot of good stuff to talk
about today. I thought was kind of interesting, a lot
of interesting stuff. So one of the things we're going
to talk about today is Consumer Reports came out with
their top thirty best and worst insurance companies home insurance
companies in the country. Oh right, and Florida's in there,
So we're gonna go talk a little bit about that.

Speaker 2 (16:33):
Late you say Florida like Florida companies.

Speaker 4 (16:35):
Yeah, companies that ensure Florida. That's all I'm gonna say.

Speaker 2 (16:39):
Right, yeah, and then imagine a budge of them.

Speaker 4 (16:42):
Yeah. Well, what they did is they looked at we'll
get into this later, but they looked at like twenty
eight thousand claims with twenty eight companies and twenty four
thousand people with twenty seven thousand claims or something, and
they looked across the United States and some one of
this insurance companies is crazy good they create, not necessarily
in Florida, but one of these insurances coming is like,

(17:03):
why can't they do that everywhere? I'm going to tell
you about it a little bit in Yeah, it's kind
of it is kind of interesting. Or else we're going
to talk about are you an accidental landlord? The New
York Times just came out with an article saying, across
the country, people are now accidental landlords because they tried
to sell their property, they couldn't sell it. They don't
want to live there anymore, so now they became accidental

(17:26):
landlords where they're running it out. I had one of
those about a year ago.

Speaker 2 (17:31):
I can't sell it is an interesting thing to me.

Speaker 4 (17:34):
It is what that means is can't sell for the
price that you want.

Speaker 2 (17:38):
Yeah, yeah, that's exactly what it means right now, number
I have to have.

Speaker 4 (17:43):
It's so true, it's so true.

Speaker 2 (17:44):
Yeah.

Speaker 4 (17:44):
But let me tell you most people that become you know,
I thought it would be interesting to talk about accidental landlords.
So we're going to talk about that. Yeah, CROs and
cons of that and what could happen and good and
the bad. Also we're gonna talk about Hold on here
one second.

Speaker 2 (18:00):
I can tell you Florida Talk real Estate is a
dot com. You're one stop real estate shop when you
need a team of prospros, always remember floridatokreal Estate dot
com on Facebook and YouTube. Consume away and share a
bunch too. You never know. You can change lives, including
your very own, with the pro pros. The floridatokrealestate dot com.

Speaker 4 (18:17):
Hey Nate Sir video is on Facebook and he asked me.
He was one of the people that said that they
contribute to that computer for those kids, for the Knights
of Pythagoras Mentoring Network, we're trying to raise money for
a computer for them. They've been doing a podcast now
for like five years. They're using stream Yard, which is

(18:40):
the same system we use for our setup. But their
computer is so slow it's not working. And these kids
are dedicated. They've been doing this for five years, on
time all the time. Radio is live, live anything is
always a tough thing to do because you got it.
Johnny knows best at anybody and Jimmy. But you got
to be here all the time. It's live. It live

(19:00):
doesn't wait for you. You got to be here on time,
even when the keys locked out, even when you get
locked out of the building like today.

Speaker 2 (19:06):
We had a live require requires live.

Speaker 4 (19:09):
Yeah, and you got and consistency and dedication, and these
kids got it. So we're trying to raise enough money
to get a computer. We're looking for a fifteen hundred
dollars MacBook MacBook Pro that's fifteen inches because the larger
screen might be better for the kids, and we'd like
to get a new one for the warranty so that
the kids have a warranty, because this product would be

(19:31):
very expensive for the group. Sure. Uh, next week, we're
gonna have a go fund not a go Fundme page,
It's going to be a PayPal website from the group
and then that way you could check the whole group out.
You'll go directly to their website. You can see all
the things are doing. You'll be amazed at what they accomplish.
And then if you like it, the link will be
there and hopefully you'll sign up. I will match up

(19:53):
to seven hundred and fifty dollars, so if somebody comes
in once we raise seven to fifty, go to match
it dollar for dollar up to seven fifty so that
we can try to get this done for them. So
anyone who wants to help, please reach out and thank
you Nate. He's been dedicated because we talked about this
for two weeks now. It hasn't happened. It sounds like
it's gonna happen. Yeah, So just hold type first and

(20:15):
thank you everybody. Thank you much for any support that
you're gonna do. Let's talk about right now for this segment.
Let's go ahead and talk about Florida. October first, they
passed all these new laws. You know, October FIRSTUS usually
the time. Either it's usually October first or July first,
maybe January first. Do you think they do January first too?

Speaker 2 (20:36):
Well?

Speaker 4 (20:36):
New law?

Speaker 2 (20:37):
I remember, July is a big time.

Speaker 4 (20:39):
July is a big time effect. Now, yeah, so this
one in October, they had thirty new laws that came
in effect in Florida. Most of them were related to
like I'm going to just read the headlines because it's
you know, unless you guys want to talk about it.
You know, it's not really really really real estate. But
a couple of them are fleeing police. What happens when
you flee the police. They raise the penalties motor crimes.

(21:03):
Uh so they're they're making several changes to the statutes
for motor vehleiclo offenses.

Speaker 2 (21:09):
Isn't amazing how things change as we age. Like running
from the cops was a pastime when I was a teenage, right,
Like that's what we did on the weekends. We ran
from the cops. I did that too, That's this is
what we did. So, yeah, we did that, And you're like,
don't you have any real crime?

Speaker 3 (21:25):
Now that we're older, we're running to them.

Speaker 4 (21:28):
When I was in high school, one time we went
to the Strunk Avenue with Fort Lardew, which was a
really rough neighborhood back then, and we were talking. There
was a bunch of wrestlers in a van, right, and
we were like real wrestlers, brother No, like like high
school wrestlers right high school wearing the So we were

(21:53):
talking to some of the Dowells on the street and
a pimp didn't like it and it had no no,
this was a purple car. And it even had the
little ball things, you know, the the like on the
liner of the car, the roofliner with the little fuzzy
balls hanging all over them, you know, like a as

(22:13):
an accent. And they got mad at us, and they
were chasing us all over Florido. We were going so
fast and we were just opened a cop with catches.
Nobody was around. We kept running away from the cops. So, yeah,
we used to do that.

Speaker 2 (22:25):
I have. They have platform shoes with goldfish in them.
That's how you know they're a real pimp.

Speaker 4 (22:33):
I'm a big fan a fuzzy ball to fuzzy balls.

Speaker 2 (22:37):
Yeah, those platform shoes I don't wear about we give
up years ago.

Speaker 7 (22:43):
Yeah.

Speaker 6 (22:43):
Yeah, it's kind of in the back of the closet,
running from the cops off my fur cut exactly.

Speaker 2 (22:49):
It's a little hot.

Speaker 4 (22:51):
Part of the fleeing and the looting stuff is you
can't you can't obscure your license plate anymore to you know,
to not get picked up that's the thing.

Speaker 2 (23:00):
Yeah, I thought we couldn't.

Speaker 4 (23:01):
Do that, I know, but now now they have no.
Well it's the technology you're not allowed to put the
technology that stopped stops it.

Speaker 6 (23:10):
Every once in a while I get pulled over because
of my bike rack on the back of the car.

Speaker 4 (23:15):
Oh, because you can't see the license plate.

Speaker 2 (23:17):
Yeah, h tis it hangs too low?

Speaker 6 (23:19):
Well, no, the bike rack, I guess, in its upright
not used position, does kind of block it block.

Speaker 2 (23:28):
The license plate a little bit, yes, and then and
they'll pull you over just for that. Yeah, yeah, I
get it. Can't see the license plate. Yeah, what's the
workaround on that though? You're like, it's a bike rack?

Speaker 6 (23:40):
Yeah, Like, well, can you put it on the outside
of the bike racket? I said, okay, But then if
I put the bikes on it, Now that license plate
is facing the ground and my bikes are on there,
and you can't see my license yes.

Speaker 4 (23:58):
Oh oh gosh, it sounds so did they give you
a ticular curious? They just gave you a warning, it said. Yeah,
that's cool.

Speaker 2 (24:06):
Yeah, that's I mean, that's you're like, all right, I guess, yeah,
now you have to it's constantly there, right, how do
you fix it other than taking a rock on.

Speaker 6 (24:18):
You know, it's mostly when I leave my little bubble.
That's when if you don't leave the bubble. I don't
leave the bubble. I'm okay. But if I leave the bubble,
then there's a lesson there.

Speaker 4 (24:31):
I can't do that, or I have a gigantic bubble everywhere,
drive it all over bubble. Some the real estate laws
that were affected, there were thirty laws that were passed.
I want to affect October first, the one that most
effects real estate or for landlords. Okay, so if you're
a landlord and you're in a flood zone, you have

(24:54):
to let the tenants know before they signed the lease
that they're in a flood zone. Okay. I guess that's
for tendants to make sure that they get extra insurance
or something like that. I'm guessing. But it's a requirement
now that landlords must disclose that they're in uh flood zones.

Speaker 2 (25:11):
But it's like every rental agreement should now include, hey,
you're in a flood zone.

Speaker 4 (25:16):
Just yeah, that's what's supposed to happen. Whether that really
will happen or not, we don't know. Because you know,
there's some you know, most of the rental properties are
not on the MLS. You know, most houses for sale
are but rentolds. There's a big rental market out there
that is not connected to the MLS. People just go
online and do their own thing and stuff, you know,

(25:39):
and let me see what was else. And then they
had some land regulation changes for developers that they have
to tell you exactly what they're going to be developing
before you grant a zoning change for them. So it's
at that's little.

Speaker 2 (25:53):
Yeah, it feels like we should have that.

Speaker 4 (25:56):
Yeah, what are you going to do with this? Yeah, share,
we'll change it. It's like, what do you go there?
So anyway, that's what's going on with all that stuff
on the laws now. Just want to remember remind people
that there was also something that happened October first, which
is the foreclosure forbearance for COVID. It ended, And I

(26:17):
think the hurricane stuff is ended too. I think that
if it hasn't already ended for most people, I think
that ended too. But this for sure, COVID it ended
October first.

Speaker 2 (26:26):
Man, that was a long forbearance.

Speaker 4 (26:28):
It was five years and nobody right, but nobody should
be complaining that they're being kicked off this program because
you had it or you had the ability to have
it for five years.

Speaker 2 (26:40):
So how lolity to get out of it? Though that
that off ramp is rough, it's going to understand the offering.
The exit ramp from those four beearances is brutal because
it requires a big balloon payment. M hm.

Speaker 4 (26:53):
So if you are one of those people that just
got a list pendance, it's called a list pendants or
a notice to accelerate your mortgage, which is like right
before the list pendance. Accelerate your mortgage means make you
pay it way in advance, like calling the note do
right now for violating the contract. If you have something

(27:15):
like that and you don't have any resources and you
don't know who to turn to, you got to give
us a call yet, because we're going to get you
the right advice. I can't tell you what the result
is going to be because every case is going to
be different, like a snowflake. Some people might be able
to sell save the house, some people might not be
able to save the house. ME and AJ from Experienced
Appraisers dot Com, we went to that event that Natalie

(27:37):
had for the Legal Aid Society Office Economic Development and
a couple other agencies, And there was a lady there
that was has she has an inherited property, and she
believes that the house is going into foreclosure, but she
doesn't control the rights to the property yet because they
haven't handled the transfer the property correctly before the person died. Boy,

(28:01):
so now they're in a foreclosure crisis and they don't
have all the tools they need in order to contact
the bank because the bank can't recognize them yet because
they're not the owner's son. So it's very screwed up
and you could lose your house over that.

Speaker 2 (28:19):
And I explained here and here at a home that's
been foreclosed on and already taken back. I mean, what
is that?

Speaker 4 (28:24):
Yeah, it's crazy, and that is crazy. And then on
top of it, though, is that she doesn't realize and
I had to explain this to her after the meeting,
that she probably has a lot of equity in the home.
She probably has about, you know, more than one hundred
thousand dollars of equity at home. Equity means if you
do sell the house right now and you pay off

(28:45):
all the costs, including the mortgage and paying back the mortgage,
you would have a profit equity, and in this case
it was more than one hundred thousand dollars. And I
said to him, look, if you don't deal with this
for closure fast, they're going to eat up a lot
of that money. Right, You'll still get a check at
the end of the day. You know, if they take

(29:06):
the house back and sell it, there'll be money left over,
and it's supposed to be given to you. But do
you really want the bank to take the money and
then give it back to you as opposed to you
taking control and getting the money yourself. So you know,
she isn't sure. I think she's going to end up
wanting to sell the property, which would probably be a
smart thing for her because it's an inherited property and

(29:28):
she'll just collect the profits for the family. But right
now she's fighting the bank of where those profits are
going to go. How much of those profits are going
to go to her family or how much is it
going to go to penalties and garb what I call
garbage fees.

Speaker 2 (29:41):
For which you're just stacking as she's even waiting to
be able to try to get some control of the situation.

Speaker 4 (29:47):
Right, And I always say, the clock is ticking tick
tick tick tick, tick tick right when you're in that situation.
But the event was really good. I think over twenty
people showed up to it. It was pouring out, so
the fact that people even showed up there was a
lot of need out there for people who don't understand
how to transfer property to family members without getting in

(30:11):
trouble so that the title isn't damaged. And there was
a lot of great advice. The guy's name I think
was Blake from Legal Aid Society gave a really lot
of great advice, free advice. You also gave us a
map that if you're in a certain area of Palm
Beach County you have all these extra free legal services

(30:31):
that are available to you, like doing Ladybird deeds right
or transferring deeds. Instead of doing it yourself at the
kitchen table, you can go to the Legal Aid Society
if you live in one of these areas and they
will walk you through the process to make sure you
do it so it'll be taken correctly later when you
need it for the title company.

Speaker 2 (30:50):
Where can you see that map.

Speaker 4 (30:53):
It's on the Legal Aid Society and it might be
on the Office of Economic Development. I'm going to be
doing more research We're going to start bringing some of
these people in here because there's a lot of great
free services that people could use that would be good
to have people know. So we're going to bring them
in here and have individual interviews with all these people

(31:13):
so that you can kind of get a taste of
what that meeting was like without being there. Super cool,
So thank you, Natalie. Natalie Medina, she owns Pangaeum Multi Services,
which is she basically helps people walk through where English
is not their first language, basically to walk them through
if they have any government forms they need to fill

(31:35):
out or things like title She isn't going to do
the title work or anything, but she's going to make
sure that they get to the right people and they
understand the documents they're signing. So she works as an
interpreter make sure that the PaperWorks filled out correctly.

Speaker 2 (31:47):
I got a great business idea for her.

Speaker 4 (31:49):
What's that too?

Speaker 2 (31:50):
She could be translation services for the halftime show for
the Super Bowl. Sit there next, tell you what bad
Bunny's saying?

Speaker 4 (31:57):
You know, right, Yeah, that's true.

Speaker 2 (32:01):
It'd be fantastic.

Speaker 4 (32:02):
So anyway, so if you're in trouble with your mortgage,
you got to give us a call. I know that
a lot of people don't know that. That's how we
cut our teeth on the show. All we did was
help people that were in trouble mortgages, and we helped
and helped and helped. And Johnny was one of the
first people to say when we started the show, Hey,

(32:24):
if I get any feedback from my listeners that you
guys are not doing the right thing, I'm out of
here totally. So almost yeah, exactly, and he was I didn't.
I didn't bang on the table like you did, like
you said it to emphasize.

Speaker 2 (32:39):
I was like, I am not going to be attached
to some scam artist.

Speaker 4 (32:44):
So thirteen years later, we sucked you in.

Speaker 2 (32:46):
Yeah, got me all part of the scam.

Speaker 4 (32:50):
Hey, the scam isn't so bad. So seriously, though, if
you need help, we don't want to make fun of it,
because we know that a lot of people getting sleepless
nights when they're in.

Speaker 2 (32:58):
That kind of trouble not making fun at all. Yeah.

Speaker 4 (33:00):
Yeah, So if you need help, we're one phone call away.

Speaker 2 (33:04):
Beautiful thing, and uh and I love that We're gonna
have all this extra access to really important information and
when you need it for free. Look, there's a there's
a we all want to get things for free, and
then there's a need for free. That need for free
is a totally different place. And when you need expertise
and you just don't, you can't squeeze a penny out

(33:25):
of you know nothing, it is super valuable. But I
will tell you what knowledge is power in every way.
And that's why floridatalkreal estate dot com has become such
a valuable access access to so many of the people
that have been there before. It's it's it's remarkable to
have a team of pros pros. When you're buying a home,
selling a home, stuck with a home, you don't know

(33:46):
what to do. You really need to have people that
are great at what they do and not just good
great at what they do. Go to floridatalkre estate dot
com and you'll have just that on Facebook, on YouTube,
write it down, share, do what you can. You can
change lives, including your very own, with the prospros at
Florida talkreestate dot com. We're back and for minutes. Thanks
for being with us every Saturday, Florida Talk real Estate

(34:06):
right here on Real Radio.

Speaker 1 (34:23):
This is Florida Talk Real Estate with Jim Depola and
Johnny C. Got a question for the show, Call us
Live at one eight seven seven nine two seven sixty
nine sixty nine.

Speaker 2 (34:32):
Yeah, he can do it. Dial on in if you'd
like eight seven seven nine two seven six' nine six.'
nine you are more than welcome always with, your, questions
comments concerns in the world or. Real estate if you'd
like to get involved in the conversation, at hand or if,
you uh you got a question for, the, pros pros
just dial on. In there jimothy, our. Producer extraordinary he'll get,
you going AT least i believe.

Speaker 8 (34:53):
You, will yeah, Why not we'll do? It, Today excellent
maybe not, next week but.

Speaker 2 (34:57):
This, week, yeah well today's a good day to do,
it then because there's no guarantees for. Next week? What's?
Today today is the Fourth, of, october man. Oh man
when we Hit, IN october i, was like It's damn.
October already now it's the Fourth. Of october just.

Speaker 8 (35:10):
Like that they were just Raising The stanley kuppa about
the three minutes ago and now they're.

Speaker 2 (35:14):
Going to start a. New, season seriously just. About, that
yeah thank you for being. With Us, Every SATURDAY. Johnny c.
That's Me roska barnet's represents the very. Important people he
does it, Well Too Bright, Win Insurance Juno, Beach, Hello,
Ross hello hello. Be here how's? THAT feeling i had
to be the face of the very important People At
bright insurance AND. G, B yes.

Speaker 6 (35:37):
I mean it comes with the title or, the job,
you know it's.

Speaker 2 (35:40):
The responsibility you were willing to. Take, ON yeah i
like the better way we didn't have. THE camera i.
Get IT then i could just be, The, voice yeah
the Voice. OF yeah i don't know if we're ever
going back. To that it's all video. THESE days i
feel like that ship. Has. Sailed yeah you know what's weird?
About video can't even trust? That, Anymore, right yeah up
to the point Now where, I'M like i doubt WHETHER

(36:01):
it's i go into it thinking it's, not real And then, i'm,
like oh that might. Be, real actually and literally EVERY
video I watched, i'm like that's. Not real i'm watching
a replay from yes last. Weekend's games, i'm like that's.
Not real wait, a minute this. Is real that's. Not
real it could still. Be scripted that's, that's true. VERY
true i. Watched, WRESTLING well i mean last week's. Games

(36:22):
too oh you on that. Conspiracy trainer look at this play.
Right here this will prove that the. NFL's ring, that's right.
Shut up great to see as Always ross and Of
Course jimmy d's, Over here. Jim o'poli he's With The
florida homepros Team kellownans Age for innovations thirteen plus. Years
now he's been running a top. Producing team if you,

(36:42):
want one that's where you can. Find ONE. Jimmy d how?

Speaker 4 (36:44):
You, Be hey i'm. DOING okay i almost had a
little panic tech while you were TALKING because i couldn't
remember my login to get all my notes for.

Speaker 2 (36:51):
The show what it's? My, password yeah, that's right. Big
boy oh.

Speaker 4 (36:57):
MY god i don't know, about You but i've got
like four hundred passwords for different things and.

Speaker 2 (37:03):
You don't you don't have, the systems. REMEMBER it i
am lazy. Like that, i'm, Like, yes google remember? That
please so if, oh yeah you get.

Speaker 4 (37:11):
It all the problem is so many of them have
to change all the time and everything.

Speaker 2 (37:16):
Because when you, change it it's all you want us.

Speaker 4 (37:18):
To Change that that works, for me it's never it
never pops up all. The time sometimes it, pops up sometimes.
It DOESN'T so i use it when, it's ASKED but
i don't know how to like tell it to. Save it,
you know if it, POPS up i, use it but,
IF not I hate i. HATE technology i really hate
it when you.

Speaker 2 (37:34):
Update, Everything now, i'm sorry, Go.

Speaker 8 (37:35):
Ahead jimmy the worst thing IS so i do the
same thing that, You, Do johnny like most of my
passwords are saved in there until you go and clear
out your cash or your browser or something, like that
and then all of, a SUDDEN now i, Gotta remember,
oh no what.

Speaker 2 (37:46):
Was, that yeah we do have a. Master master my
wife is, supremely organized a master master list. Of passwords
and it. Is stupid it's like almost. Three pages it's
two pages front, and back and then a third. One starting.
It's insane it's how many damn passwords for how many?
Damn things and thankfully she's. So, ORGANIZED wow i supposed to?

(38:09):
Remember THAT can i?

Speaker 4 (38:10):
Marry her.

Speaker 2 (38:15):
We always use another Income.

Speaker 4 (38:21):
So, Mormon, Time OKAY so i wanted to. Go over
we've been talking about property taxes and how the state
legislature and the governor have been trying to figure out
how to reduce. Property, taxes uh, you know there's been
talk of completely. Eliminating them here's, another, proposal right we've

(38:42):
been talking about all the proposals that. CAME out i
don't remember what the last. Proposal was remember the Guy,
From miami.

Speaker 2 (38:49):
What was the last one.

Speaker 4 (38:50):
We discussed can't remember what.

Speaker 2 (38:51):
It was i'm trying. To remember.

Speaker 4 (38:52):
This was it was a full cut out of property.

Speaker 2 (38:56):
Taxes, though yeah and it was raising of a.

Speaker 4 (39:00):
Sales.

Speaker 2 (39:00):
Tax yeah there was some other caveat, to it but
it was just it just didn't feel like it was
one that was really had a chance. At, LEAST well
i think all homeowners, are like this, sounds great let's find.
A way, BUT yeah, i agree it's got to be
a sweet spot where.

Speaker 4 (39:14):
We. Land right so this is to me is a more.
Reasonable ONE when i, say reasonable more likely to happen
because it's more about what happens in the future than
what's happening. Right now so, right now what most people
don't know is, your taxes if. Your homestead there's a
Law in Florida Called Save our Homes and Save our

(39:35):
homes is a law, that says if you have a homestead,
of property no matter how high you're a praise value
of your house becomes the most that you. Can see
an increase on your property taxes would be three percent a. Year,
cap so just to make, an example let's say that

(39:56):
you're paying one thousand dollars a year for tax is
because your house is worth, two hundred and then the
next year your house is worth, four hundred, like, crazy
right doubles in. One, Year right so now let's say
your tax bill should normally be. Two, Thousand right i'm, just, saying,
right well you can't go more than, Three percent so

(40:19):
that means you're going to pay one thousand and thirty not. Two,
Thousand right so there is a big, savings there just
to use as. An, example right it's. A max and
the good thing is if the values, go down when they,
go down you can go down as low as. It
goes so there's, no floor only. A. CEILING right i,
Love that but we don't root. For, That no but
we went through that in the crash and people saw their.

(40:41):
Property values we see it. Right, Now Well Port, saint
lucy let's talk. About This Port saint lucy came out
with the news was complaining last last Week That Fort
saint lucy set their, tax bill and most people's tax
bills were going up even though they reduced the, millage
rate which the tax rate for. The bill and the

(41:03):
reason why is because appreciation is more than the tax
cut that, they did so it.

Speaker 2 (41:10):
Kind of it cut into how much it was.

Speaker 4 (41:13):
Going, up, basically, Yeah right so it wasn't that it was,
going down it was how it was going up slower
but not that, much slower and people were really COMPLAINING
and i, was like, you know, last year it was
not a good Year For Saint. Lucie, county right they
have the highest months on market out of all the counties,
right now which is. UNHEARD of, i mean you never
hear That Or Saint. Lucy COUNTY so i don't know

(41:36):
how the property appraiser or whatever figured all, that out
but they're figuring out that the values increased more than
the tax tax rate cut that. They, GOT now i
think that would to. BE fair i think that was
just the City Of Ports, saint lucy not the. Whole,
county okay that was, the city just.

Speaker 2 (41:56):
The opposite if it was the.

Speaker 8 (41:57):
Whole county there are certain areas that might have gone
up and then other areas that went, Down.

Speaker 4 (42:03):
Right But Port saint lucy sets their own mortgage tax,
rate right right versus. The. County right so the county
said that the property values, went up but the city
was reducing the. Tax rate but because the values, went
up they're. Paying more bottom line is they're paying more.

(42:24):
For it so how this guy wants to reduce property
tax bills for people is to change that one and a.
Half percent this is pretty simple to, do it to
change from three percent to one and a. Half, percent,
finally yeah.

Speaker 2 (42:42):
Every time we bring, this up just literally every time
we bring, This, up like if you want to just,
do it you.

Speaker 4 (42:48):
Could just extend our.

Speaker 2 (42:49):
HOMESTEAD exemption i mean you can just.

Speaker 8 (42:52):
Like that the, thing is no matter how you, do
it whether you reduce it there or with the home,
set somewhere that money needs to be made back, UP
right i.

Speaker 4 (43:01):
Mean, you, know right you have to make the money,
or yeah or you cut, back, services yeah, you know.
Cut spending.

Speaker 3 (43:07):
YOU know i know one thing that they're DOING that
i just, read recently.

Speaker 8 (43:11):
And this is kind of uh only to a, small
audience but there's a separate area where you can go
and take, bulk, items right and it's over by the,
one school it's off. Across town they're going to eliminate,
that service and supposedly that's going to Save the City
Of Port saint lucy two million dollars a year because
not a lot of people WERE utilizing i loved it

(43:32):
because it was, you know otherwise you only get one
pick up a month for, bulk, items, right, so uh
it gave you an opportunity to take it somewhere other than.
The dump so but that's going to go away because
not a lot of people were, using it. YOU know
i mean there's one place that, they saved, you know
a bunch, of money so, you know and that's what
they'd have. To do but because the money's got to come, from,

(43:52):
SOMEWHERE right, i mean, you know it's not just.

Speaker 4 (43:55):
Or you just or you cut, the, spending right so
either you cut the services or you've got to re
use the money with. Something else, THE problem, i see Unless.

Speaker 2 (44:02):
Unless i'm sorry, to interject but unless UNLESS and i
know it's going to be, county county it's going. To
vary some counties, will massively massively have to figure out
how they're going to MAKE up i think some counties
sit on A surplus i don't know if they all
spend all the tax dollars that. Come IN so i
mean it's it's. It's not it's just like, you know

(44:24):
every situation the Pros at florida talk real estate are
going to deal with all. VERY unique i think, COUNTY
county i think they're what they're demand for income is
going to be is going to vary pretty, much, MASSIVELY
right i mean Talk. About florida what's the difference between
like a county and the upper middle of, the, states
right like each County or Broward or daid for, that.

Speaker 4 (44:45):
Matter exactly a lot, more services a lot more demand
for services because where metropolitan is supposed, to be LIKE
where i Just helped brian cell house or buy Houses,
and dunnellen, you know outside, of, o'calla right that's. Very
rural not a lot of services being offered from the.
Government agencies and it's not, you know it. Isn't thriving

(45:09):
it isn't like a thriving area like it is. Down
here there's a lot of growth and stuff. Like that
nothing wrong, with, that.

Speaker 2 (45:16):
No, no no not. At all but it's a diffferent
it's a different viewpoint from where they're, standing, going right
this is what we got to.

Speaker 4 (45:22):
Make, up well here's THE problem i see with this
one and a half. Percent, decrease right it's A good,
i mean as long as they can, afford, it great
you know. This will but here's the here's. The problem
what they're trying to do is they want to make
sure that when you, get older if, you buy like
what the biggest problem is that everybody's complaining about somebody

(45:47):
in your family bought a house in the, nineteen, fifties
right they paid it off thirty, years, ago right and
the house has been passed down from family member to,
family member and there's still because, of that the homestead changes,
over time and they're still socked with, these big big
tax increases for the values going up over all. The

(46:07):
years so if you're sitting there now and that's what you're,
worried about is that you have this huge tax bill,
right now all this is doing is protecting your tax
bill from, going up in, my example from ten one
thousand and thirty dollars a month in my example to
one thousand and fifteen dollars. A month there's not really

(46:28):
a lot of savings there as opposed to we're cutting
out all, property taxes which is. Huge, Savings right SO
this i think actually will help control spending, For legislators
like it's going to bring in less money, for them
and it'll hopefully curtail some of the spending that they're
used to. Spending ON but i don't know if it's

(46:51):
really going to make that much of an impact for.
People today it's more about what happens in the future with.
That BILL am? I wrong what do you? Guys? Think?

Speaker 2 (46:58):
No, Absolutely yeah so every little bit they can do.
IS great i love that they continue, the conversation, but
yeah the reality is is that it's all gonna have
to be replaced to a. Certain extent if you're going,
into surplus why are you holding all this money that you?
Don't need LIKE that's I can i can understand the

(47:20):
the tug of war between different communities, for sure, but
yeah this Is a i'm glad they continue the conversation,
because nobody nobody wants to pay taxes that we feel
like we don't. Have, to general nobody wants to pay taxes.
AT all, i mean, Come, off.

Speaker 6 (47:35):
Yeah the ones we have to and the ones we don't.

Speaker 2 (47:38):
HAVE to i don't yeh can we not pay any.
Of them it's.

Speaker 4 (47:42):
So, true yeah it's.

Speaker 2 (47:43):
So true but the, conversation continues and that's a.

Speaker 4 (47:46):
Beautiful, thing YEAH hopefully i might want to try To
get i'd really like to get the guy who came
on the politician who came up with the idea of eliminating.
It COMPLETELY just, i mean no gotcha moments out of,
gotcha show but just, ask, them like just be open
minded and, just say how are you going to try
to replenish? This money and how does? That work and

(48:07):
how do you even figure out all? Those numbers think?
ABOUT it, i mean all these. ELECTED officials i know
that they have big staff and they can, do stuff
but how do they know how to crunch all those
numbers and figure it all out in order to come
up with the plan. AND everything i would like to learn.
All that so it would be interesting me, TO ask i.

Speaker 2 (48:25):
Think you just you start you could does it feel
does it feel like an okay approach, to, say like,
all right if it's a homestead, of property well eliminate.
Property taxes but if it's an, investment property they stay.
In place like does that feel like a good jumping
off right there to? Start WITH because i think if
that feels like a good place, to start because wiping

(48:48):
all property taxes away is such a huge.

Speaker 4 (48:51):
Hatchet, shot yeah.

Speaker 2 (48:53):
But to take care of the, whole owner this is
the this is, your home is where, you live, and
again you're going to pass it down to. Your family
if your family is going to acquire it and turn
it into a rental property or an, investment property well
now you've got to pay your property taxes. On, it
right it's an. Income property, to me that feels like
where you can separate in the road and then you
can maybe work with things to do. It all just

(49:15):
if you own. The home, IN general i feel like
that's just too big of. A shot let's take care
of the people that live. In, it again you're gonna
be an elderly person that you can't. Afford it you're
gonna pass it down to. Your generation here's. Your benefit
if you want to live, in it you're not gonna
pay property taxes. On it if you're gonna, rent it,
sell it you're gonna.

Speaker 4 (49:32):
You're gonna maybe what they. Could do maybe what they
could Do is i'm just we're, bouncing, ideas right what
would happen if they had like a homestead exemption where
at a certain period, of time the tax bill is
capped to services needed, like, fire police, you know certain

(49:56):
types of services because, you know if you have, a
house you need a fire depart to come and case
your house, Burns, now right if somebody burglarized, your house
you need a police officer to come to. The, House
right so maybe that there's a cap or maybe there's
like you can claim an extra exemption for based. On,
income hey my tax bill is supposed to be five

(50:17):
thousand dollars. A year i only. Make thirty i've had
the house for. FORTY years i can't afford a. Five thousand,
YOU know i can't afford one six of my income
just to go to. Property, Taxes right and maybe they
turn in an income report and they get an. Extra
exemption i'm just throwing. OUT ideas i don't know that
would kind Of protect the way all this worked out

(50:39):
was was to protect people that owned a house for
a very long time but no longer could afford the
taxes and the tax.

Speaker 2 (50:46):
Maybe what's maybe that maybe that maybe just. Nailed it
once you once you're in a home for, twenty years
the property taxes fall off. Of it. Or, something yeah
once you own it, out right the property taxes fall off.
Of it like that feels like and then, you're, like
well that's a huge advantage to people that can buy
it out right. Use, cash well, it is but that's just,

(51:06):
you know that happens to be the sweet spot in.
This scenario if, you can you get the. Biggest REWARD
and i guess that's kind Of the, american way, you
know really take care of the. Deepest pockets so that
feels like that might be A, pulp.

Speaker 4 (51:18):
Yeah, Possible, hey jimmy we got, A call yes.

Speaker 3 (51:21):
We do cedric's on.

Speaker 8 (51:22):
The line he has a situation that kind of put
him in a predicament and he wants.

Speaker 2 (51:25):
Some.

Speaker 3 (51:25):
Advice cedric Welcome To florida Talk.

Speaker 2 (51:27):
Real, Estate, hello hey, Good.

Speaker 4 (51:31):
Morning Cedric, hey cedric congratulations for Joining the. Dolphins again
Is This Cedric? Wilson junior Not quite, i'm joking don't.
Joke it how are, You? Doing cedric HOW can i help?

Speaker 7 (51:43):
You, today okay remember about maybe three or four YEARS
ago i spoke to you about a deal where my
neighbor was in the process of losing her HOUSE and
i wanted to take over the house, and everything and
we wrote up a. Contract everything M h i do remember. That, Question,

(52:03):
okay well the problem here is now is when we
wrote up, the contract the lawyer forgot to do one little,
important thing which is right down a time period of
when she was supposed. To exit because originally we had
discussed her staying there for about two years until she

(52:27):
finds a, you know a retirement home or assistant. Living
facility but what ended up happening is during that time She,
developed alzheimer's so her brother, in law her brother took over,
the estate and then her daughter, moved in and so
now we're pushing four years when they she was supposed to,

(52:50):
beIN out she's still there and the daughter is constantly
making up excuses that they can't find a home.

Speaker 2 (52:59):
For her.

Speaker 7 (53:00):
Mm hmm, But meanwhile i'm still paying the mortgage and
all that other stuff and haven't been able to do
anything with. My investment so essentially she's living for free
except for paying her, you. Know, fatilities.

Speaker 4 (53:18):
Okay so i'm not. An attorney i'm not one, on
air as the Old guy robb used, to say The,
Partner robviously i'm. Not attorney i'm not going to be one.
On air but here's a couple. OF THINGS i i
know a little bit about. This stuff first, of.

Speaker 2 (53:34):
All express what does?

Speaker 4 (53:37):
That?

Speaker 2 (53:37):
Mean good that's?

Speaker 4 (53:38):
A COMMERCIAL sorry i didn't. Get it so if you
don't have a time leases can only be written for
one year with. A, Realtor right so you can't have
a lease longer than one year in residential if you're
if you're using. A, REALTOR okay i know. YOU didn't
i know you went to, an attorney but attorney didn't

(54:01):
put a time. Period in so that MEANS that i
think that would mean that contract is not really a
contract because you have to have a time component in.
The contract like you can't do an as his contract
and write and as his contract to buy. A property
if you don't have a time frame of when you're
supposed to close and, all that you can't just leave

(54:21):
it open ended because it's not a real contract at.
That point it's not a legal Contract. In florida So
what i'm trying to say to you IS what i
believe is is the fallback is going to be that
that tenant is a month to. Month tenant now month
to month tenants have a little, bit MORE and i
don't understand the nuances, in this but they have a
little bit more rights than a lease tenant with, a

(54:43):
lease believe it. Or not but you can go through
the eviction process and take the person out if you.
Wanted to if that was something that you wanted, to
do you would have the right to, do that even
if the lease isn't quote. Any good because they're a
month to month tenant, right now and the fact that
they're not, PAYING anything i don't even know if, they

(55:03):
are they would be considered a tenant because if they,
live there even if they're not, paying anything that's. Considered
There and i'm not using the, right term but they're
homestead and police like can't kick somebody out of that
house if they, live there, right like if you came
over and JUST said i want them out they're not.
Paying rent but you can do it through the eviction

(55:24):
process and go through. That, Process, now cedric if you're
going to, do that don't do it. By yourself you
got to hire an attorney to do the eviction process the,
correct way to make sure all the paperwork is filled
out correctly and that the timelines are, done correctly the
notices the notices needed is done correctly so that you

(55:46):
don't go through landlord hell trying to get the person
out of. The, property okay but he's the.

Speaker 7 (55:54):
Problem though remember when we wrote, the deal the original
her her name is still on the d as well,
As mine so that's what the. Problem is, and SHE'S like,
i said she's, you know she's Going. Through alzheimer's so
her brother has a power of attorney and he's not

(56:18):
willing to well he's not really both willing to kick his,
sister OUT which i don't, blame him but more, or
less the problem that lies is the door that's taking
care of the mother is really not looking for a place,
for her so she gets to sit there and live.

Speaker 2 (56:34):
For, free yeah she's using your spot as.

Speaker 4 (56:37):
Your, SPOT yeah i didn't. Get that you weren't the
only one on. The title I'M sorry i didn't get.
That PART now i, Don't either, So okay, so okay
why are you both on? Titled again how did you get?

Speaker 2 (56:53):
On?

Speaker 7 (56:53):
Title, okay okay let me refresh the original deal of
what happened was she was going. Through FORECLOSURE then i
agreed to catch her up and pretty much buy the
house out for a, certain amount and THEN once i,
YOU know i got, her back, you know up current.
AND everything i took over paying the mortgage. And everything

(57:14):
and then after, two years she was supposed to move
out and then renew her name off the d to
give me. The property but the problem is after, two
years she never, moved out and now, You know i'm
just stuck paying the mortgage and who knows when she

(57:35):
wants to? Move, out BECAUSE like, i said the other
original CONTRACT that i noticed didn't have written clearly written
in there that she was supposed to leave in the.
Two years are she was supposed to leave when she find,
You Know, Senior.

Speaker 4 (57:50):
Housing cedric are you paying a mortgage that's not in?

Speaker 5 (57:54):
Your?

Speaker 4 (57:54):
Name?

Speaker 2 (57:56):
Correct?

Speaker 4 (57:56):
Yes wow is there TOTALLY unprotect i know you're on,
title right you said you're on quote title.

Speaker 7 (58:03):
One, title, though yes.

Speaker 6 (58:05):
Go ahead is it in the contract that she removes herself?

Speaker 2 (58:08):
From?

Speaker 4 (58:08):
Title correct when he?

Speaker 7 (58:11):
Moves out.

Speaker 4 (58:15):
And there was a time frame of once you needed to? Move?
Out right that wasn't in there originally.

Speaker 7 (58:22):
When we discussed, the deal we had said mentioned the,
two years and then there was one contract written up
and it was wrong until they when they recont broke the,
Contract again DAVE and i guess the lawyers overlooked at
him left out, that part which is while you know
she's able to be in his position.

Speaker 4 (58:44):
Right now so what would happen if you stop making the? Mortgage?

Speaker 7 (58:46):
Payment then, TO me I think I'M saying i end
up losing all THAT money i invested.

Speaker 4 (58:52):
In, here no because you're still. On, Title.

Speaker 7 (58:57):
Yeah i'm still.

Speaker 4 (58:58):
On.

Speaker 7 (58:58):
Titled correct so.

Speaker 4 (58:59):
They can't sell the house, without you and you can't
sell the house, without. THEM correct i think that you
have a LITTLE more i think you have a little
more leverage than you think. You Do maybe i'm just
throwing out. Some ideas there might be a chess game
you could play to get to get some kind. Of
resolution i'm not saying to, hurt anybody but to try

(59:21):
to get a resolution. On this so you might have.
Some OPTIONS what i would do give give me a Call,
on Tuesday, Not, monday Cedric because I'm. SLAM monday i
won't be able to take. Your call but reach out
to Me on tuesday, for real and let's talk off air.
About that that's an.

Speaker 7 (59:36):
Interesting, ONE well i think it would be an interesting topic,
the air in case no one else came across.

Speaker 4 (59:44):
That, too yeah you know.

Speaker 7 (59:48):
She had she moved out in. Two years but on
the flip side, of THAT like, i said she developed,
The alzheimer so it's not really her fault that she
didn't leave because now her daughter is more in control
of taking care, of her and the daughter is more
or less taking advantage of the Situation, because hey she
don't have to pay rent or.

Speaker 2 (01:00:06):
Anything, either yeah because the cost to find a place
for her Would be i'm sure. Pretty substantial and the
cost right now for them to take care of her
is what the, electric bill the. Cable, bill. Yeah, exactly,
yeah man the motivation is definitely on.

Speaker 4 (01:00:21):
Their side be careful when you do this kind of
stuff because at the, same time because it's coming back, To,
me cedric now that you've talked about this in. More
detail and there was another guy around the same time
that was calling Me as, cedric was and his situation
is he had a neighbor down, the street Just, like
cedric but it was an, older gentleman and the older

(01:00:47):
gentleman really appreciate he Was a vietnam vet, or something
and the guy the neighbor used to cut the lawn
all the time for him and do all this night
stuff for the guy take them grocery shopping and all
that kind of coming back to me. Really cool and
then the guy wanted to give him the property right
the as a. Thank you he wanted, to, say HEY
when i pass and we went to attorneys. With him

(01:01:10):
we used, the, attorneys right they took that advice and
they did work it out in a. Good way but
they worked it out where both sides were protected and everybody. Knew.
EXACTLY now i know you guys used, attorneys too but
it seems like the attorney didn't didn't do what they
were supposed. To, do yeah you should give me a call,
off AIR because i might have some people you should.

(01:01:32):
Talk to.

Speaker 2 (01:01:33):
Very, good okay you want to put you want to
put him on hold to make sure he's got a, number,
THERE jimpathy i have his number call back.

Speaker 4 (01:01:39):
Number, already, okay, Awesome, man well thank you. For calling
i'm sorry you're going. Through, that yeah.

Speaker 2 (01:01:44):
That SUCKS so i hope you have a decent weekend
and hopefully we can get some resolution for. You, There,
cedric right.

Speaker 7 (01:01:49):
It's really not a big, stretch BECAUSE like, I said
i really don't want to, do anything, you know to.
The grandma yea, to me if even if she was
paying something towards, the mortgage. THAT fine i don't care.

Speaker 4 (01:02:00):
If she can.

Speaker 7 (01:02:01):
Stay there all she looks it's just the daughter who's.
Living there plus she's bringing her, son in and it's
like they're just mooching off of me. Paying that and
THAT'S what i. Don't mind if she was there, By herself.
I'M fine i would be fine, with it, you, Know
right and that.

Speaker 2 (01:02:15):
Might be the that might be the resolution is maybe
you do sit down and, be, Like look i'm not
just footing, this. Bill y'all you you want to chimp?
In here we can we.

Speaker 4 (01:02:23):
Can, talk Well what i'm, Concerned about we'll talk about.
This software but.

Speaker 7 (01:02:28):
Go, AHEAD now i, WAS saying i went that route with,
the daughter and the daughter is always coming up.

Speaker 4 (01:02:32):
With all these.

Speaker 7 (01:02:32):
Different excuses but meanwhile she's constantly going, on vacation buying
new cars and all this. Other stuff but YET when
i asked, her ABOUT oh i don't have any money,
For THAT oh i don't have any money to do
an extra couple of hundred dollars throw it, at you,
You understand and that's the problem that.

Speaker 4 (01:02:48):
Bothers, me Well what i'm worried about, For, you cedric
is that you're on title on the property that you
can't sell unless they release their side of, the title
and you're paying all. The, bills yeah and they're. Nine,
one yeah and if they're acting like, this now what's gonna?
Happen later are they going to be stand up and
really do what needs to be? DONE later i think

(01:03:10):
you're in a VERY vulnerable i think you have, some
leverage but you're also. Vulnerable too THAT'S why i want
to talk to you OFF their.

Speaker 2 (01:03:17):
I think Before THE alzheimer's i think the answer would
have been. Absolutely YES but i think now that different people.

Speaker 4 (01:03:22):
Are calling, the shop that's what it's about for.

Speaker 2 (01:03:24):
That, side yeah things have changed a. Little bit we'll
get some more potential advice for you and maybe some outs, For.
You cedric, all right, all right, all, right buddy thanks
for being. Out there we appreciate you. Very much we're
gonna do a little reset.

Speaker 4 (01:03:37):
And yeah go. Ahead Too reset on the, flip side
we're going to talk about the thirty worst insurance companies
across the whole nation and what makes the Worst, invest.

Speaker 2 (01:03:49):
Well we'll find out and so. Much more thanks for
being with us On A saturday i got almost a
full hour. Remaining forty you're always welcome to join Us
like cedric just did eight seven seven nine two seven
six nine, six nine toll free. Of course if you're
not comfortable on, the radio, BELIEVE me, i understand Go
To florida talkrealestate. Dot com you get access to the
entire team prospros experts in. Their field all one Click

(01:04:11):
Away florida talkreestate. Dot com thanks for being with Us
every saturday right here On. Real radio.

Speaker 1 (01:04:30):
This Is florida Talk real Estate With jim Depola AND.
Johnny c got a question for. The show call us
live at one eight seven seven ninety seven sixty nine.

Speaker 2 (01:04:39):
Sixty nine you're looking in Live, Westbom. Beach Florida IT'S
florida Talc. Real estate two hours of infotainment On. A
saturday thanks for, Being there jim and these Are producer Short.
And air what's up?

Speaker 3 (01:04:51):
My, Dude, hello hello and, good. Morning gentlemen happy to.

Speaker 2 (01:04:54):
Be here always a pleasure to, see you and good
morning to you. As WELL. Johnny c, That's me you're,
Old buddy you're. Old Pal ross kamara nets is here On.
A saturday He's With bright. Wayne insurance. Judeo beas What's?
Up ross you're Rocking the. Noles gear you're ready FOR a?
ACC showdown i see is?

Speaker 5 (01:05:11):
That?

Speaker 2 (01:05:11):
Today? Oh wait is it? Maybe? Tomorrow yeah you should tune. In, tomorrow,
okay okay, All. RIGHT yeah i don't really.

Speaker 6 (01:05:20):
Pay attention so if you're saying, it's tomorrow.

Speaker 2 (01:05:23):
The the noles cannot start zero and TWO AN A c.
C play that is a daunting task. TO overcome i
think you come with some a, game today. FOR sure
i think it'll be a. GOOD game i. DO too
i have a very interesting uh statoid if, You'd like
i'll share with you in.

Speaker 4 (01:05:40):
The.

Speaker 2 (01:05:40):
Moment, Please Yes jimmy d's right. Over there he's our.
Fellerss leader he's With The Florida home Pros Team. Calowornia's
innovations that's a Top producing. Callowaiams team if you, don't
know now You KNOW. Jimmy d how?

Speaker 4 (01:05:51):
You, Be hey i'm. Doing good i'm. Doing good uh?

Speaker 2 (01:05:56):
That's wrong what's?

Speaker 4 (01:05:57):
Weird today you want? To listen you can. Hear me.
I'm good want this little?

Speaker 2 (01:06:01):
Statoiin here?

Speaker 4 (01:06:02):
You go?

Speaker 2 (01:06:03):
What's? That so when a we've had fifteen ranked matchups
in college football this, year fifteen the lower ranked team
is twelve and three against the higher, ranked team thirteen
and two against. The Spread florida state lower Ranked against,

(01:06:27):
miami today and the other one is getting From. The
vandy i'm not sure. The spread i'll have to let you.
Know that and the Other one's Vandy. And, alabama yeah
so just that that doesn't. Mean anything just for. The
staff lets, out there lower ranked twelve and three, straight
up thirteen and two on the year against the higher.

(01:06:49):
Ranked opponent we just saw it last week With ole
MISS beat Lsu and Alabama, beat georgia beat them as they.
Were underdogs. Beat, them, WELL no i take. That backshack
actually they, weren't underdogs but they. Did cover so those
last week the we're both both might. HAVE worked. I

(01:07:09):
know The old miss game was when when the lower
ranked team is favored against the higher. Ranked team that
is like almost you can't USE the l word.

Speaker 6 (01:07:18):
In.

Speaker 2 (01:07:18):
Gambling lock you can, never say you can't say it,
out loud like you can't ever there are. No locks
but when the lower ranked team is favored against the higher, ranked,
team man that's the side you want to. Be on
let's just put It, out okay the state's.

Speaker 3 (01:07:33):
Getting four and a half and they're playing.

Speaker 2 (01:07:35):
Intel, half yeah so there it's not that, you know
reverse kind of, favorite aspect but twelve and three straight
up and thirteen and two against. The spread i'm just
throwing out ridiculous stats and really it's just just making
My guy ross. Feel good you twenty, actually yeah straight
up to?

Speaker 4 (01:07:56):
Straight, up yeah.

Speaker 2 (01:07:57):
Plus point, That's, right yeah like a true fans just
TRYING to i take that, back Then. Go gators.

Speaker 8 (01:08:08):
That's funny speaking, Of that florida is getting four and
a half against the Number nine texas today and they're Playing.

Speaker 2 (01:08:14):
In, gainesville yeah that is a twelve thirty, pre game
three thirty kick here right here on the radio Home
Of florida. Gator, football ross.

Speaker 4 (01:08:24):
Have you been To a? Gator game you've Been to, gator,
games right Like five gator games.

Speaker 2 (01:08:29):
Over, there yeah but that's all, We'll miss oh?

Speaker 4 (01:08:31):
Did?

Speaker 2 (01:08:31):
YOU yeah i was wondering as fun as? Years ago
it was fun.

Speaker 4 (01:08:34):
Yeah Yeah, in gainesville.

Speaker 8 (01:08:36):
Right yeah and then OF course i know you've been
To The national. Championship game of course one year.

Speaker 2 (01:08:43):
That one year you stop with. That one it was
that was eight, Down here Yeah. Against, oklahoma yeah. That's
fun It made greeks stay all the way to the Bidder.
AT yeah i, was, like, no dude we are watching that.
Championship trophy he, ah yeah cry like. A child you

(01:09:04):
just stand next to me and.

Speaker 4 (01:09:05):
Witness it, that's funny. That's funny we're going to Get
Into consumer reports to the survey of ranks best and
worst homeowners and. Surer, Companies right i'm not going to
go there's they they reviewed twenty seven thousand, insurance experiences

(01:09:25):
whatever the hell, that means among twenty four thousand policy
holders across twenty, eight companies and they said only, three
gay only three Got The consumer reports stamp, of approval
and one was the worst out of all twenty eight companies.

Speaker 2 (01:09:41):
By far they looked at twenty eight companies and came
up with the. THIRTY worst, i know, that's weird. Isn't it?

Speaker 4 (01:09:48):
It Is those thanks thanks for doing. It deep, you
know how did they come up with The thirty maybe.
THE thirties i came up with the thirty maybe.

Speaker 2 (01:09:59):
BE around i might have round.

Speaker 4 (01:10:01):
IT up i don't KNOW how i came up with
thirty because the headline does not. Say thirty, OH gotcha i,
was like this is. My mistake that's A COUPLE jimmy
d but That's THE jimmy. D. Reading okay so just
to set some parameters before we get into the, survey
thing just to give us an idea We're, At nationally,
i'm sorry hold. On, here nationally the average annual premium

(01:10:25):
now falls between two thousand and thirty three hundred, a
year depending on. The. Methodology Use, nerd wallet, for example
says that the average policy is about twenty one hundred dollars,
a Year While consumer Federation of america says that it's
closer to thirty three hundred. A. Year, okay now in
high risk areas and certain, zip codes it could be

(01:10:48):
eighty two percent more than the lower. Rist Zones, So, California,
florida louisiana those are the ones that usually have those
higher risk zones a zip codes than other parts of.

Speaker 2 (01:11:01):
The.

Speaker 4 (01:11:01):
Country okay so just to give me, an IDEA and
i think most people, down here with the Acception, of
jimothy would love to have a twenty one hundred dollars
a year insurance policy because yours is a. Little, less
right here's a little.

Speaker 3 (01:11:16):
Less going to go down This year ross's gonna save
me another six.

Speaker 4 (01:11:19):
Hundred dollars six. Hundred dollars, come on that's a. Shout,
out yeah that's a shout out. Right there that's two dollars.
A day that's almost two dollars.

Speaker 2 (01:11:27):
A day and what about one hundred and fifty on the.

Speaker 3 (01:11:29):
Flood insurance wow he was able to save, so wow that's, you.

Speaker 4 (01:11:33):
Know, seven fifty that's it's.

Speaker 3 (01:11:35):
Coming down so.

Speaker 4 (01:11:38):
Didn't expect that to learn something every day on. The
show that's why you got To. Call ross we've been
telling people and a lot of people. Doing this by, The,
WAY ross i forgot to send. YOU one i just
remembered in. My head there's a Guy named David that
i'm going to be sending it over to. You today
i'll tell him that you'll reach out To. Him monday
he called Me on FRIDAY when i was driving in,

(01:11:58):
the CAR so i forgot to do. It yesterday, so
anyway what he wants to do is he just wants
an insurance quote because he said his policy quote went
so much higher and it won't ensure everything that he
needs on the property. Or something so he wants to
get a Quote from ross, and man he listens to.
THE show i. COULD tell i didn't ask if he's

(01:12:18):
a long time listener, or not but he gave me
his address is, his phone and he gave me everything
you Need to SO all i gotta do Is on ross.
The info rosc has sent the, info back so, Thank.

Speaker 1 (01:12:28):
You.

Speaker 4 (01:12:28):
David perfect but if you're looking to get a reduction in,
your assurance this is a little cycle right now where
people are getting reductions, Right? Correct, ROSS yeah i.

Speaker 6 (01:12:37):
Mean yees especially especially if you ever knew. A, roof
yeah awsome somebody they replaced their roof one of, my
clients their policy Went for they were paying like ten
grand to.

Speaker 4 (01:12:47):
Like, five wow, my, wow goodness. That's, amazing yeah you
guys got to start Calling. UP ross i don't even know,
if YEAH get.

Speaker 2 (01:12:58):
I got a ten year.

Speaker 4 (01:12:59):
Old roof let's put it new roof on, my own
on my other new roof on top of my. New
ROOF have i got it to save? A? Picture?

Speaker 2 (01:13:04):
Five yeah what if you got like a ten year,
old ROOF can i get like five grand? Shaved off?
You know, maybe maybe depending on the.

Speaker 8 (01:13:12):
OTHER factor i know that there was a time when
when the prices were going up, all right when we
were in that trend at.

Speaker 3 (01:13:17):
EVERY year i mean it was jumping so.

Speaker 8 (01:13:21):
That there was a POINT where i know THAT if i,
remember right there were some companies, that, were uh they
wouldn't even ensure you if your roof was more than five?

Speaker 2 (01:13:31):
Years? Old yeah is that? Still? Now there did that?

Speaker 4 (01:13:35):
Go?

Speaker 6 (01:13:35):
AWAY that i mean that most of the carriers have
kind of relaxed their roof roof restrictions now still when
once you get to fifteen years and then it gets
a little, Bit, tighter okay some carriers want proof that
it's got five, years left and you have to submit
it to, them before not not not talking, about citizens
but some companies they want to see, you know a

(01:13:58):
four point to see that roof condition and then they'll
approve it. From there but you know that Five year,
you know one time we had a company that wouldn't
write a roof that was more than one, year, OLD.

Speaker 8 (01:14:09):
Right i just remember it was. So ridiculous so that
was kind of part of that fraud stuff that was. Going,
ON maybe i mean it was sort of tied.

Speaker 2 (01:14:16):
In together, oh yeah, IT was i mean.

Speaker 6 (01:14:18):
That's all it was all tied, in together, you know
because the companies just didn't want to argue in court
whether or not, you know there was hail that damaged
your roof but didn't damage your cars or anybody, else's
cars or was that just a, you know a twenty
year old roof that's been baking in the floor to
sun for, you Know The Salt. Florida air so they,

(01:14:39):
just said, all, right well we're just not going to
write policies had to have roofs that are a little bit.

Speaker 4 (01:14:44):
Older anymore the point is we're kind of trending in,
the right we're, trending back which is Exactly what ross
explained to us a couple of years ago when they changed,
the law the laws to make it harder to sue the,
insurance company, because look it'll probably take about, eighteen months
and what's going to. Start seeing we're about, two years
two and a half years. OUT now i think.

Speaker 6 (01:15:05):
We're really starting to see and we're really starting, twenty
two so we're we're at about. Year three but it,
you know it took, you know four or five months
before those changes went. Into effect, but yeah we're starting,
you know carriers or.

Speaker 2 (01:15:16):
Reducing, Rates YEAH.

Speaker 4 (01:15:20):
Now i get to say one of my, favorite lines
if you're looking to reduce your, mortgage payment but don't
want to pay FOR. A refi you got To, call,
ross right you got To call ross because you might
get a reduction in yarscow payment for a. Cheaper insurance
so definitely. Do That So consumer reports they had twenty
eight companies. They reviewed let me read you. The three

(01:15:41):
it was pretty AMAZING when i read the three that. They,
loved okay so this one is. REALLY crazy njm insurance
company operating in just, five states received high marks for
customer loyalty and long term relationships, with policyholders apparding a
median tenure of nineteen years with, the company so people,

(01:16:04):
that go.

Speaker 1 (01:16:05):
They.

Speaker 4 (01:16:05):
Stay okay as a as a, MUTUAL insurer nngm reinvest
profits for, its members so the profits, they make they
reinvest some of it into investments so they can keep
the cost low for. Their consumers and, they say but,
It's limited but the problem is that it has limited

(01:16:27):
available availability keeps it out of the reach for most
homeowners because it's only in. Five States and i'm sure
they're very selective of who, they keep but they're. Building
relationships that company is building a relationship average nineteen years
is that? HIGH ross i. WOULD assume i.

Speaker 6 (01:16:44):
Mean there's florida homeowners insurance companies that haven't even been
around for. Nineteen, years, yeah yeah, so yeah they got
one year.

Speaker 2 (01:16:50):
Of, loyalty yeah got. A, reissue, also again it's one
thing to stay with your same insurance company for nineteen
years because you're just don't know. Any better you don't,
Shop it and it's another way you, feel, LIKE man
i don't even want to look. To leave they take
such good care, of me.

Speaker 6 (01:17:06):
You know i'm sure they've all those all that companies
that you know experienced incredible. Rate stability, you know they're
probably not increasing their rates by forty five percent year, over,
year right, you know to. Look RIGHT and i bet
there's probably a good chance that they also are able
to bundle Their auto so, you know, it creates if

(01:17:31):
you want, to, say loyalty but it's one it's harder,
to leave and then two it's you've got to have
some very significant savings on both sides for, you know in. Those,
situations YEAH.

Speaker 4 (01:17:40):
And i bet you that a lot of, the CUSTOMERS
and i might be wrong, ABOUT this i bet you
a lot of the customers aren't looking out to screw over.
The company, you KNOW what, i, mean like they're not
gonna they're, you know if you've been with them for a,
long time you've had really low rates for a. Long
time they're, reinvesting money you're actually, seeing profits helping keep
down the costs. And everything you're probably not calling them

(01:18:03):
up when that disreputable, roofer, says hey you had hail
from five. Years ago nothing Else got davidge except the
three dimples in. Your roof do you want a? New
roof you KNOW what? I mean, these companies these people, are,
Like nah i'll stick with, my company thank you.

Speaker 2 (01:18:17):
Very much, you know low, Risk area.

Speaker 4 (01:18:19):
Yeah Yeah and i'm sure it's low risk. Aarying everything
but that's. Pretty wild so here's. Number two. Number Two,
erie insurance available in twelve States, INCLUDING, washington dc scored strongly,
for affordability with an average premium of only eleven hundred
and fifty, three dollars which was the lowest in. The
survey customers praised its claims process and agent Access through erie's.

(01:18:43):
Regional footprint Oh though erie's regional footprint remains modest because
it's only in, twelve states the biggest company that's most,
well known believe it, OR not usaa got very high marks.
For insurance, they yeah and they say that they have
fewer rake ikes, and Stability which ross was, talking about

(01:19:07):
and they said really good. Customer, service now the average
PREMIUM for usaa families was only twenty and, thirteen, Dollars
right so that's at the lower end of that two
thousand to thirty three hundred that we were. Looking at
the ONE thing i have to SAY About usa they
might be excellent, FOR insurance i, don't know but when

(01:19:29):
you deal with MORTGAGE with usaa and you're, a buyer
not refi, but buying they're not always the greatest to
work with because their approval. Letters, stink okay so the
way they write their, approval letters it doesn't make us
seller feel warm and fuzzy that the company has done
what they're supposed to do to qualify you for. The

(01:19:49):
mortgage and if you call them to ask them to
rewrite It because i've, done that they will not and
they will say that's. Too bad, you know this is.
Our policy if the seller doesn't want, our letter they
don't want. Our letter, i'm like so you're willing to
let your customer lose a house they want? To buy
that they turned an offer in because your approval letter

(01:20:09):
is being questioned and you don't want to change around
to help your. Customer, out nope we're not, Doing That and,
I'M like i don't really want to work, with, You
right so we got them over to our martage company
and we did it. Our way but the thing is IS.
That usaa, you know PEOPLE. Love usaa though, You know
i'm saying people probably ready to be very angry at
me right now banging on their radio. OR whatever. Usaa

(01:20:33):
is people THAT have usa they feel very strongly tied.
To it and the funny thing is they think they
think it's government backed because it's for, military families but.
It's not that's the niche that the insurance company created
has nothing. To do they just decided that's the segment

(01:20:54):
they wanted to go after and that's how they went.
After it so it isn't really anything to do with
the government, or anything just a company that likes working.
With government, you know, military families oh pretty and. Their
relatives now what WAS if i.

Speaker 2 (01:21:09):
Ever associated them with government backed? Or?

Speaker 4 (01:21:11):
Not? Oh, Really yeah i'm. NOT sure.

Speaker 2 (01:21:13):
I know they've only for military. And family you can
pass it down to. Your family they do a great
job by, advertising.

Speaker 4 (01:21:19):
That yeah.

Speaker 2 (01:21:20):
They DO but i don't KNOW if i ever assumed
they were Government.

Speaker 4 (01:21:23):
BACK yeah i MAYBE when i first started as, a
realtor because you stial with a Lot of coastguard members
That us they all wanted TO use usaa at, that,
Time right and, you know maybe.

Speaker 2 (01:21:32):
It's the advertising aspect that didn't tie it in, for
me because if it's just government back then only for,
the military it would just be part of your military.

Speaker 4 (01:21:39):
And role yeah that's. True too you wouldn't have to
advertise it out out. And, everything right it's.

Speaker 2 (01:21:44):
The people that don't quite know.

Speaker 4 (01:21:45):
That's. True yeah so what do you think the worst
insurance company out of the twenty eight, not thirty only?
Twenty eight what was the worst out of, the worst the?

Speaker 2 (01:21:55):
Very worst it's a name we.

Speaker 4 (01:21:56):
Should, know yeah you do? It? Really yeah, oh yeah you.
Know it it's like on the tip of your tongue. Right, now, citizen,
Yes Citizens Citizens property insurance scored fourteen out of one
hundred On The. Consumer reports fourteen out of one. Hundred
citizens that's the worst of. The worst they can't catch.
Or break so listen how they, describe it right with

(01:22:18):
average premiums nearing three, thousand dollars limited, coverage options and frequent.
Rate hikes citizens drew. Widespread frustration many policy orders owners
noted that they had little choice but to Turn to
citizens after being dropped by.

Speaker 6 (01:22:34):
Private CARRIERS like i Like how citizens is still offering
you and you're bad at it's worse than the Company
that IT'S exactly i always think of the.

Speaker 2 (01:22:46):
Same thing if you can comprehend what was just read.
To you people don't like them because they actually give
them insurance when other companies.

Speaker 4 (01:22:53):
Want anybody that anybody that's going to join me into,
THE club i don't want to, join right and.

Speaker 6 (01:22:59):
They're eight hikes are only capped by, fifteen percent while
the other companies are doing forty. Fifty seventy but the frequent.

Speaker 4 (01:23:08):
Rate, Hikes yeah so it's funny how it's funny how.
People are THAT'S why i wanted to talk. About this
so ross from this, Perspective, stuff okay from from an
agent's point. Of view, you know books a lot. Of
business what do you like from watching different insurance companies
dealing with different claims from different people over time? And

(01:23:29):
stuff what makes a in, your mind what makes a
good responsive, Insurance company like what qualities do they have
versus the ones that aren't that you feel are. Not
good i'm not going to ask you to give names.

Speaker 6 (01:23:42):
A company, I mean i mean from my PERSPECTIVE what
i like about working with an insurance company is if
it if it looks like a good risk, To Me
like i'm looking at the four point, you know, looks
okay house isn't fine or the house? Is fine, you
KNOW when i submit it to that carrier and bind

(01:24:04):
the policy and give them all the documents and they
come out there and do, their INSPECTION am i are
my fingers crossed hoping that they're not going to find
something nitpicky and then cancel?

Speaker 2 (01:24:14):
The?

Speaker 4 (01:24:14):
Policy?

Speaker 6 (01:24:16):
Right like we want ease of doing business or, you
know is to get anything done?

Speaker 4 (01:24:26):
With them?

Speaker 2 (01:24:27):
Is that how how easy? Is that? Of course do they?
Pay claims is? Number one.

Speaker 6 (01:24:34):
YOU know i don't think there's one particular carrier that
we work with that we get any more complaints about.
Regarding claims it's all everybody kind of has the same
complaint regardless. Of carrier but on, my, end, it's HEY
am i going to write? This POLICY can i? Are

(01:24:55):
they are they going to write, this policy and are
they going to keep it or are they just going
to come out and cancel it or give us a
hassle down the road.

Speaker 4 (01:25:05):
For something, You know and then from like a consumer point,
of view when they do file claims, AND stuff i
know you're not involved in that like heavy duty, or
Anything but i'm sure you hear scuttleback of feedback from
people as they're going through that most of. The time
is it pretty straightforward when you file the claim, or well.

Speaker 6 (01:25:28):
Part of that legislation was passed put a lot of
time requirements on responses and things. Like that so my
biggest or, the complaint the POINT that i would get,
more is, YOU know i filed, the claim the adjuster.
CAME out i keep, the EMAIL and i keep. Calling him,
you know nobody's getting back.

Speaker 2 (01:25:47):
To me can? You, help okay, you know, all right
let me see what's going.

Speaker 6 (01:25:50):
On now we don't really have, that anymore just, because
hey they got to get back to you by a.

Speaker 4 (01:25:54):
CERTAIN time i forgot about. Those, timelines yeah so those are?
They really they're strict.

Speaker 2 (01:25:59):
Of.

Speaker 4 (01:26:00):
Time yeah oh that's good. TO know i thought that
was like.

Speaker 6 (01:26:03):
VERY ephemeral i haven't had anybody call me and say
this is. COMPLETELY bogus i had this and they're not
doing they're. Not, paying so, you, KNOW touchwood i haven't
had any of that over the last, you know kind
of year and. A half everything seems to be. Going,
okay also we've been pretty good with not having, any storm,

(01:26:26):
you know so.

Speaker 2 (01:26:28):
Hopefully that's that's.

Speaker 4 (01:26:30):
We've been so blessed. Right, now Yeah so i'm not
allowed to Talk about.

Speaker 2 (01:26:36):
It's probably better let me talk about.

Speaker 4 (01:26:38):
IT alone i remember EVERY year i wanted to do
hurricane season, and everything And then, johnny's like you're chicks
and everybody today's.

Speaker 2 (01:26:47):
Seven season, That's, right yeah just rolls off it to
your tongue. So easily i'm never going to try to
boost you. Up anymore i'm just not trying to drag
me in there. With you i'm just not going to do.
It anymore to the winning time when to come, On over.

Speaker 4 (01:27:02):
I'm done so let's let's talk a little bit about
accidental landlords if you. Don't, Mind okay so we're gonna
talk about did you have anything more ross about that?
Or anything, i'm, sorry.

Speaker 6 (01:27:13):
NO no i, mean again it's for. For us it's
when we place the policy with. That carrier are we
confident that that carrier is gonna keep?

Speaker 2 (01:27:25):
The policy?

Speaker 6 (01:27:26):
You know and there's some there's some THINGS where i
KNOW that i see something in a Photo and.

Speaker 2 (01:27:31):
I'm like.

Speaker 6 (01:27:33):
We can't send it to, that company even though they
might be the, MOST competitive i know if we send it,
to them they're going to come back and want all this.
Stuff replaced and so, you know It's sometimes i'll go
over that with the customer, and, say hey we can
throw it, in there but there's a good chance that
they may come back, and say we want this all
all this, stuff replaced and then we'd have to write.

Speaker 4 (01:27:54):
Any policy so THAT'S what i was gonna based on what.
You're saying are you talking about when people buy, the
house have the, policy approved they get, the closing and
then afterwards the policy the policy Holder says i'm not
comfortable with the features of the house or the construction
of the house or whatever and, back out or you

(01:28:14):
talking about before.

Speaker 6 (01:28:16):
They, close well so there's, you know sometimes there's some
carriers that requires to upload some sort of inspection for
them to review in order for us to even get.
A policy most of, the time the actual insurance company
doesn't see anything that has to do with that house until,

(01:28:38):
you know like the effective date or the, closing date
and that's when they start to underwrite the policy because
we Don't have most of, the time you don't. Submit anything,
you know you have to submit as, signed application the win,
mitigation report and then the four, point inspection and then
that's when they start looking. At it and then they're
also going to send their own people out to put

(01:29:00):
to do their own new business inspection to put their
eyes on. It too and, so sometime, YOU know i
can look at a four point, AND say i know
that company's not going to, like, that right, you know,
so hey you want to throw it against the wall
and then maybe you're going to have to replace, all
that or, you know let's just move on and go
with somebody who's going to take it and we'll keep
it and we don't have.

Speaker 4 (01:29:19):
Any HASSLE and i do remember, ONE time i guess
it was twenty twenty two or twenty. Twenty three i've
been twenty twenty three where we had a roof that,
was older but we got the useful life report came.
Back okay but when the insurance companies saw the photos
of the field of. The roof they could see how

(01:29:41):
many patches had been done, over time even though they
had the useful life requirement. Was met they, were, like
no there were too. Many patches we want we want
a new roof. For that we're not going to. Ensure
it so that, does happen, you know it, Does happen
and that, Was approved like we thought we were done
with the, insurance system and that it opped up at

(01:30:02):
the last. MINUTE minute i was the buyer's agent on
that one.

Speaker 2 (01:30:06):
Quick question so we're talking about got started with these
twenty eight worst property. Insurance companies the insurance companies are
raided by who who does? That rating?

Speaker 6 (01:30:20):
Right now, demo, Tech demo and then THERE'S like kbra
does like a like one company and.

Speaker 2 (01:30:27):
Do, you know probably not all, of them but the
parameters of those ratings are Based on i'm sure there's some,
consumer complaints but then there's, what else what else is
involved in their. Rating system they're just rating. Their financials
that's all that is is how like how their standing
is as, a COMPANY right i? Got you so any customer,

(01:30:48):
service aspect there's nothing. To do if they're an a,
rated company that just means that they have plenty of
money in. The coffers they're they're they're set up, well.
Financially right that's their, financial rating which is an important
aspect when you're like for your, insurance company. For sure
and then there's the other Parts which jim was kind of,
touching on which is more, consumer, related uh, response time.

(01:31:10):
Et cetera although it looks Like, in florida, you know
response time is being regulated now and being regulated. Pretty,
massively yeah which, is good but you're so from, your
perspective like when your, shopping price, affordability, matters right but
also competitiveness will call but that that rating does matter

(01:31:31):
because we want we want to be binding to companies
that you feel like you have a shot of having
a payout of.

Speaker 6 (01:31:36):
YOUR claim, i, mean yeah we don't want to put
you with somebody who may not pay.

Speaker 2 (01:31:43):
The claim and is there is there a floor because
like in, high, school right you have to have a
certain grade. To pass if you HAVE an, f rating
do you just not get to buying policies with Them?
In florida is there is there? A floor?

Speaker 6 (01:31:56):
YOU Know i i've never SEEN an f all the
companies we write with or, A rated.

Speaker 2 (01:32:02):
I.

Speaker 6 (01:32:02):
Don't know if there's any f Companies, in yeah just
you think they, wouldn't, Exist, right yeah they happen to
BE all, a rated which, is INTERESTING right, I guess
but maybe we're just talking about the, Bare minimum like
you don't get to write policies unless you're a rated
and that means you have to have so much money
back In you, AND yeah i mean that's nice to
know that there's at least some kind.

Speaker 2 (01:32:22):
Of responsibility in allowing these. Companies in, you.

Speaker 6 (01:32:25):
Know when all those companies, went bankrupt they WERE all
a rated till see That's where.

Speaker 2 (01:32:29):
I'm at i'm glad you're getting THERE because i don't
want to sound like the. Conspiracy guy like when we
had they were, a rated that meant they had. Enough
money what happened to all? The money you don't have,
The answers well find someone. Else shoddy they Didn't.

Speaker 4 (01:32:43):
Get this is related to the thirty law changes that
happened we talked about. Earlier today one of the law
changes was they continue to hide financial stability of insurance
companies that get. In trouble there's something so to call
financial services something, or other and the insurance companies have

(01:33:06):
to show that they're financially healthy to the. Insurance Industry
The insurance board sure for, the government but that's not,
public records so we can't know as consumers whether the
people are financially the insurance companies are financially sound. Or
not so they they're blocking that again more about. Where
transparent so.

Speaker 2 (01:33:25):
It could just be we say, they are so.

Speaker 4 (01:33:27):
They, are yeah. That's, exactly yeah that's what. We're playing
the fundamentals of our economy. Are, strong good the fundamentals
or economy. Are strong so let's talk a little bit
about accidental LANDLORDS because i thought this kind. Of interesting
reminds me of THIS guy i had tried to sell
a house for in twenty. Twenty two it was a

(01:33:48):
very slow market at, that point and he wasn't willing
to drop. His price and the guy and this is
the biggest problem that. He had he didn't want to
drop his price because he had solar panels that he
put on the house and there was a huge bill,
for it and he wanted the new buyers to pay
for the. Solar panels like pickup where he left.

Speaker 2 (01:34:07):
Off thinking it, was, like oh this is a. Slam
dunk everybody.

Speaker 4 (01:34:09):
Wants, This Yeah and, i'm like hardly anybody wants it
unless you're gonna live, there forever and people don't want
to pay for it because they didn't choose to. Buy it,
you did and now, you're, SAYING hey i bought, this
contraption why don't you take over? The payments so that
usually doesn't work in the real world most of, the
time unless you get very lucky and you really find a.

(01:34:32):
GREENEE buyer i did know a Greenee buyer i'm, called
greenies but they wanted solar paneled house and they were
only looking. For that so if you find somebody, like
that there's. Value there but that's that's a very small
slice of. The pie, so well we also so what
happened during twenty. TWENTY two i couldn't sell the property

(01:34:53):
for the price. You wanted my listing was about, to
expire so we canceled it and he decided to use.
RENT it i TOLD him i didn't think that was
a really, good idea but he talked to this rental
guy that said that he can make a lot of
money on. THE rent i. Didn't think so the rent
came in one third lower than what the guy said

(01:35:15):
it was going to come in and he kept it as,
a RENTAL and i, Was, like wow the house is
going to be the roof's going to, be older the
stuff's going to. Be older it isn't going to look
as nice as it does now because it's going to be.
A renter you live out. Of state if, anything happens
you're not gonna have somebody. Down here and then after

(01:35:36):
when you go ready to put it back on the market,
to sell you're going to do all this sprucing up
and you're not going to. Be around and after, all
that are you really making, any money especially because you
got one third less on the mortgage or the rent
that you thought you were going. To get so that
didn't work out. So well so THAT'S what i mean
By be that's what they mean by. Accidental landlords there
are people that put their house on, the market couldn't,

(01:35:58):
sell it and now they're running it out because they
don't want to live. There anymore so out of the
top cities that have turned into, accidental landlords According To New,
York times houston is, number one was seven percent of
the houses that didn't sell they turned into. Rental properties
dallas was, Number two phoenix was, number three and number Four.

(01:36:22):
Was tampa tampa had a four percent accidental, landlord rate
And then atlanta's number five or, number Six, And Charlotte
north carolina is.

Speaker 2 (01:36:34):
NUMBER seven i think that really exemplifies how hard it
can be for so many just regular people to be
put themselves in a position to be. A homeowner right
the demand is there they can afford a decent rent
because you know these rants, aren't, cheap right we know rants.
AREN'T cheap i guess in the scenario you talked about

(01:36:55):
third lesson they, were anticipating but still. Pretty expensive i'm
sure word a, mortgage payment they just can't get past,
the hurdles and then it's usually the cash, savings required
and then it would be credit after that because the
harder it is for you to, save money that means
you're probably relying more on the. Credit cards and we

(01:37:15):
know how that cycle. Can be, believe me that is all.
Too FAMILIAR so i think that really exemplifies how hard
it is to get yourself in a position to be.
A homeowner, that is it can be a daunting task
for folks because there's just not the pool of buyers that, are,
there right and maybe the market's just so frothy interest
rates are, just right like it's just a really really.

(01:37:38):
Tough hill now for first, time buyers it, can be
it can be.

Speaker 4 (01:37:41):
Very tough, so also but it's also.

Speaker 2 (01:37:43):
In, a, position strangely where there's so much concession to
be had from real. Legit sellers, these sellers if they
put more, concession in maybe they sell that home versus
stumbling into. ACCIDENTAL landlords, i, mean yeah just look at
the other side of.

Speaker 4 (01:38:00):
The, coin exactly if he had given up the, solar
panel the house would have been sold five. Times over
like if he had given UP, the sat passing that
costs on to the consumer for the buyer would have
been sold five. Times over, so well, you know here's.
A couple here's the other thing that's kind of interesting.
About this all of these markets also happened to be

(01:38:22):
THE markets i Just, mentioned dallas Used, In, Phoenix Tampa.
North carolina all those markets have the highest percentage of
institutional investment companies that bought houses and tournament. Of rentals
so what's happening is those companies have such a big
toe hold in the market in those those specific markets

(01:38:45):
that they're putting their houses on the market to sell
and it's cannibalizing the regular consumer because they're coming in
lower and they're buying the institutional. Properties now so it's
just kind of interesting about the. Accidental landlord but, the
tips the tips you need to, know is don't become an. Accidental.
Landlord okay, number one know. Your numbers be realistic about

(01:39:09):
what your. Numbers are don't expect that you're going to
get one third more than you're going to get for.
Your rent that's a. Big mistake you also have to
figure out how old are all my big? Ticket items
how old is, my roof how DOES? My ac how
old is my? Water heater all of those things really
matter because if you're on the older edge. Of it

(01:39:30):
let's say you have a thirteen year old roof and
you turn it into a rental and by the time
that you're going to go, sell it it's a sixteen year,
old roof and then you have a problem with, your
roof same WITH. Your ac, you know if you're at
seven eight years WITH, your, ac right and then you
go to sell it a couple of, years later and
now you've got, a, ten eleven ten or eleven YEAR,
old ac you're probably going to have to pay for

(01:39:53):
that ac is a cost of. Doing business when you
go to sell, the house, oh yeah seven, or eight
you're right on the edge where the buyer today with
a seven or eight year old a see might be
okay with it and just take the house as it
is and not start. Negotiating it so all these things
are costs. To do the other thing is are you
going to use a property manager? Or not are you
going to be in the area and not be in.

(01:40:14):
The area so if, somebody, says hey my toilets stop
up at two o'clock in, the morning who's going to
take care?

Speaker 2 (01:40:20):
Of?

Speaker 4 (01:40:20):
That right and you're, the landlord so it's. Your responsibility
so don't become a landlord unless you want to be.
A landlord my advice is even if you have a
property that unless it's like. Silly stupid if you have
a property that you inherited but you weren't planning on
using it for, rental property a lot of times you'll

(01:40:41):
be better off selling, that property making, the profit and
then buying the rental property that.

Speaker 2 (01:40:45):
You want that.

Speaker 4 (01:40:45):
Makes, sense okay that makes financial sense. And, everything sure
once in a while you can get a rental an
inherited property where rental makes a lot. Of sense, the oh,
no mortgage it is in a, safe neighborhood the house
is in, decent condition and you can rent. It, out
well then it's all gravy. For that but most people
aren't in, that situation so don't become an. Accident landlord

(01:41:06):
and there's more and more of it happened all over.
THE country i just thought that's kind. Of interesting it.

Speaker 2 (01:41:10):
Is, interesting yeah just a product of, the environment, you
know the mortgage environment. RIGHT now, I mean i guess
are we going to see it? Keep going do you
think just assuming not much changes.

Speaker 4 (01:41:24):
This whole that when, those investor those, INSTITUTIONAL investors i
remember when they were buying everything up during the bus
we we talked about it.

Speaker 2 (01:41:33):
A lot pushing it was pushing all, the VALUES and.

Speaker 4 (01:41:36):
I, kept saying how are they making any money? Doing
this they're paying retail value or above, retail value the houses,
Need work they're turn them, into rental and then they're
going to have to rework on it again after the
rental to. Resell it and then we found out the
answer to that was they didn't know what they, were
doing and a lot of them lost billions and billions
and billions, of, dollars uh REDFIN and i can't even

(01:41:59):
remember all The different, UH no i. DON'T know i
So did zillo get into? THAT field i can't remember. A.

Speaker 2 (01:42:05):
Body, Oh.

Speaker 4 (01:42:06):
Okay. Zillo Yep then zillo took a. Big bath they took.
BATH too i mean billions, of dollars not hundreds of.
Million billions, and yeah that's just a couple. Of, them
yeah and their. Institutional investors and they didn't know how
to be correct landlords because they didn't know their. Numbers
right their numbers. Weren't right so now. They were their
plan was they were going to keep them five to

(01:42:27):
seven years and. Sell them so we're seeing that happen,
a lot especially because we have a. Weaker market so
they're getting rid. Of them, but uh and they're still.
Buying more it isn't like they're. Getting out they're just reconfiguring,
their inventory is what. They're doing, so anyway it's kind.
Of interesting don't don't be a. Accidental landlord be a.
Purposeful landlord that means you come up with, the plan

(01:42:51):
you have, a plan and you work, the plan and you.
Make money that's the way be a landlord is a
purpole soul landlord. Really important here's something. REALLY interesting i
thought we'd wrap up. On, this florida according to which
survey Is this according to his study by a, fencing
company this is this is really brilliant. For MARKETING rt

(01:43:12):
R And T fence company did a nationwide study to
find out who has what state has the most? Expensive
backyard like per, square foot who's paying most for? Outside.
Property florida florida's backyards, on average according to this thing
is four is worth four hundred and twenty seven thousand

(01:43:34):
dollars your backyard, Right now so let me explain how
they came up. WITH this i thought it. Was interesting
my backyards love?

Speaker 1 (01:43:40):
That?

Speaker 4 (01:43:40):
Nice right, well enough you got, the pool you got
the drive, through, pool demand you got the drive, through
pool you got the nice park in. The, back right
you do have a. Nice, park yeah.

Speaker 2 (01:43:56):
That's true so that's. NOT mine, I know, i.

Speaker 4 (01:43:59):
Know right florida home owners may not, realize it but
they're sitting on a valuable asset worth more than four
hundred and twenty seven thousand dollars. THEIR backyard a new
study by fences stallation Experts rt Fence shows florida ranks
tenth oh only tenth nationwide for most, expensive yards paying
nearly thirty nine dollars a square foot for. Outdoor. Space,

(01:44:21):
right so the study Found that florida's yards average about
eleven thousand and forty three square feet with a price
of thirty eight dollars and seventy cents per. Square foot
the average Home in florida is nineteen hundred and sixty,
square feet costing about five hundred and nineteen. Thousand dollars
that means the typical yard spans, eleven thousand forty three,

(01:44:42):
square feet totaling four hundred and twenty seven. Thousand dollars so.

Speaker 8 (01:44:49):
Let.

Speaker 4 (01:44:49):
Me See so california tops the list with yards costing
more than eighty dollars per. Square foot california ranks first
with the average yard price of eighty dollars and third
two cents per. Square foot california's high garden costs come
despite the state having relatively small average yard sizes of

(01:45:10):
just seventy eight hundred. Square feet so we're at eleven
thousand square feet, our average but they're only seventy eight
hundred and they're paying double what we're paying for our
per square. FOOT yard i just thought that was kind
of interesting that they were trying to break out how
much your yard. Is worth. THAT is i thought it
was kind. Of interesting we're. NUMBER ten i don't know

(01:45:31):
if it showed the other. Ones. Though, interesting Oh the
florida offers more yard space than denser States Like new Jersey.
Or california at yard sizes are still significantly below the
national average of twenty three thousand and thirty twenty three thousand.
Square feet the average yard is twenty three thousand.

Speaker 2 (01:45:51):
Square feet.

Speaker 4 (01:45:51):
That's, awesome yeah so we're, only eleven so we're like half.
Of that and they say the reason why our backyards
are smaller but also expensive, is uh they're blaming on
the retire, not blaming but they're saying it's, the, retirees
right retirees because they don't want the big yard. And
everything they want. Smaller yards they have zero lot lines

(01:46:13):
and a lot of the communities and things, like that
so we have smaller The cheapest if you're wondering where
the cheapest affordable, backyard Is. It's alaska two dollars and
fifteen cents a square foot compared to thirty eight dollars.
Up here and you can have a moose come through
it and you can have a, moose, yep yep. Exactly
RIGHT and i think you Could see russia right over

(01:46:34):
the other rights right. Over there so, SO anyway i
just thought that was interesting about the backyards and how.
Much backyards so next time you're sitting in, your backyard
have a couple of, coffee, thinking hey this is worth
Four hundred yeah, right, cool yeah. Exactly, good, YEAH yeah

(01:46:57):
i thought that was kind of interesting to.

Speaker 2 (01:46:59):
Do that by the by, the hour whatever. You, want
man how would how would my property insurance handle me
renting my pool because there's some major.

Speaker 6 (01:47:12):
Liability, there yeah probably wouldn't cover it because you're running.

Speaker 4 (01:47:14):
A BUSINESS oh. I, probably, WELL sorry i know we
got like for ME if i forgot to ask you
this related to what you, were saying what? Would happen
here's another thing people. Don't consider let's say you have,
a house you become the. Accidental landlord you got a homeowner's,
insurance policy but now you're running. It out the insurance company.
Doesn't know you didn't. Tell them you're just running it

(01:47:37):
out because you're an. Accidental, Landlord right so what would
happen if there was like a claim or something the
insurance company found out that there was a runner in
there and you're no longer living. There anymore they could
they could just cancel. The claim they could just cancel
claim it all would my would.

Speaker 2 (01:47:54):
My policy potentially change by simply letting, them know you
would need to write a. New one it's just A
different but essentially the coverage should remain. THE same i,
mean theoretically.

Speaker 6 (01:48:04):
Well in coverage will remain. The, same gotcha then we're
probably going to change the. Personal property it's just a
different policy.

Speaker 2 (01:48:11):
For him so AND that i would imagine increase because, they're,
like look, you, know no not so. Much interesting so
that and that's.

Speaker 4 (01:48:20):
Another thing it's like when you're an. Accidental landlord everything's.
By accident things you won't. Think, about yeah like, these,
things right you would think about changing your. Insurance policy
so these are. All things so if you have rented
a property and, you're, LIKE oops i didn't let, anybody
know give us. A call We'll get ross to write
ship the correct policy so you don't get hurt in

(01:48:41):
case something happens to. Your property that's another reason why To.

Speaker 2 (01:48:44):
Call, ross well if you're if you're just tuning, In
recently jimithy how much do you save it on your?

Speaker 4 (01:48:51):
Property insurance six hundred bucks you're forgetting the flood insurance
and then another one hundred and fifty. For flood right.

Speaker 3 (01:48:57):
About one hundred and fifty.

Speaker 2 (01:48:58):
On flood he's in a brand. New house and what
year over Year where ross found a policy where he's
going to save seven to fifty total between the flood and.
His property it sounds like we're slipping back into that
time where you might be able to take a little
control of your mortgage vamment quite possibly, real painlessly too.
Simple process you're just going to get, basic information, your,

(01:49:21):
address names some. Contact information get that Over, To jim
we get it Over to Ross bright way, in assurance
and you find out you're usually going to get a couple.
Of quotes it's really really. Painless process what do you
like a declaration page to kind of?

Speaker 6 (01:49:36):
Perfect out declaration page at least makes it cuts down
the going back and forth Because, that hey send me your,
Deck page i'll do it apples, to apples, you Know
otherwise i'm going to send you kind of two. Different
quotes that's going to be hard for you to decipher
what what yours covers versus what this might cover so
the easiest way and it cuts down. On time and

(01:49:57):
send me the deck Page ill i'll let you know
REALLY if i. Read IT if, i, can't, well yeah.

Speaker 2 (01:50:04):
Real, minimal real minimal requirement to find out Go To
florida talkrealestate. Dot com get. It started of Course on facebook.
As well you can reach out lots of ways to
have contact to. The team but, remember it no one,
use it. Love it Share A florida talkrealestate. Dot com
you get a team of prospros experts in, their field
and you get them all one, click away the one
stop real. Estate shop when you're buying, a home selling

(01:50:25):
home stuff with, a home you don't know what, to
do or you need an expert in, the field something
specifically touching the world of, real estate we got a
prospro for You Again florida Talkreestate. Dot Com like Ross
and Marionettes With Brian Wintershurance. Juno beach always great to
have you On a saturday and thanks for being a
part of. The team thank, you man good to be
here and go knowles Like uh jimmy d. Over here

(01:50:45):
it's such a it's tough to segue. Those words just.

Speaker 4 (01:50:50):
He's joking.

Speaker 2 (01:50:51):
They're brutal. They're brutal this is the Home Of Florida.
Goner football jimmy d is running top Of Rus in,
kelloway Team The Florida home. Pros, team callowyn who's in
innovation for thirteen plus. Years now thanks for all that
you do always and we see You. NEXT saturday i.

Speaker 4 (01:51:07):
Guess thank, you guys have a. Great weekend Happy You.
Sauve florida you have a great weekend.

Speaker 2 (01:51:10):
As, well jimithy thank you.

Speaker 4 (01:51:11):
For everything.

Speaker 3 (01:51:12):
My, Dude, hello hello, and, goodbye, goodbye.

Speaker 2 (01:51:14):
GOODBYE goodbye i hope you're sticking around the. Locker room
we'll take it over. From here squeeze off a little
sports for you at Twelve Thirty gator football pre game
three thirty Kickoff. Against texas we'll be back at It.
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