The Troubleshooter 05-20-26

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:00):
Yeah, ripped up what news need so you don't have.

Speaker 2 (00:12):
Come running. Just as fast as we can. Shooter's gonna
help coming.

Speaker 3 (00:18):
Man.

Speaker 4 (00:19):
This is the Troubleshooter Show. No Tom Martino, killo.

Speaker 5 (00:26):
I'm Tom Martino. What is going on in your life?
And how can we help you? Anything we can do
to help?

Speaker 1 (00:33):
Let me know.

Speaker 5 (00:34):
All you have to do is call three oh three
seven one three talk three oh three seven one three
eight two five five, or you can call three oh
three Martino twenty four to seven.

Speaker 1 (00:47):
Yeah, that's it.

Speaker 5 (00:48):
Yes, that's right around the clock, seven days a week.
You call and we will get back to you. Think
about that. I call it media with a Purpose. I've
coined at I coin that like more than fifty years ago,
Media with a Purpose. We take media. We expose liars, cheats, ripoffs.

Speaker 1 (01:07):
Bad guys.

Speaker 5 (01:08):
We also promote great people. Welcome here today. This hour
brought to you by renew home Innovations dot com for
the most beautiful walk in Italian porcelain showers, or you
can do complete bathrooms renew home Innovations dot Com threeh
three nine zero four two thousand.

Speaker 1 (01:29):
You can take it to the bank.

Speaker 5 (01:31):
When we recommend people, it's because we use them, we
referred them, we monitor them, we love them, including our
real estate guests. Today in the studio we have Stephanie
Thomas from the Pike's Peak region and her website is
Stephanieri dot com. She does real estate I believe, Coldwell Banker.

(01:52):
And Frank Duran the real estate man with Remax Alliance.
He works all along the front range. And then we
have John Place who's with CMG Financial. There are mortgage bankers,
direct lenders, mortgage Bankers, one of the largest mortgage mortgage
banking firms in the country CMG. And then John is

(02:13):
at partner in Lending dot com. And what John does
is hooks you up with a with a loan and
they really this this loan. I think I was introduced
to this loan. I don't know John, when you first
started doing this years and years and years ago. Where

(02:34):
am I correcting? You were with your brother at the time.
Right when we first started advertising the liquid I called
it the liquid Loan.

Speaker 1 (02:40):
Do you remember that we did how many years ago?

Speaker 6 (02:43):
Oh?

Speaker 7 (02:43):
Shoot, that was we did it back in the ninety five,
long time ago.

Speaker 6 (02:48):
We did it Macquarie. Yeah, yeah, that's right, yep, that
was yep.

Speaker 1 (02:54):
And then it was a revolutionary loan. It still is.

Speaker 5 (03:00):
You know, technically, I think all loans should really eventually
catch up to this loan because really, if you think
about people nowadays and how mobile they are, it's a
great loan. We're talking about the all in one loan.
That's a loan where you have basically a thirty year
line of credit. And with this thirty year line of credit,

(03:24):
you have what people call a mortgage on their home.
Now you can pay that down or borrow it up,
up and down, up and down. It's the line of credit,
and you only are charged simple interest on the balance,
so you're not paying all of the interest upfront. You're
paying principal and interest with simple interests. That means the

(03:48):
amount of money that you have out on that line
for the number of days you have it out. Now,
normally that would be great, just a line of credit
on your house. And you're saying, Tom, what's so cool,
what's so different about this loan? It's a line of
credit on the house. Big deal, right, isn't that just
like a heelock? No, Because the same bank that holds

(04:14):
this loan has a banking division where you make a
deposit for your household account. So you keep your household
checking there, or keep savings there, or keep whatever there,
and that money in the bank will offset your principle offset.
You don't lose that money. That money is sitting in

(04:36):
the bank. It's your money, but it offsets the average
daily balance for the number of days you have that
money deposited.

Speaker 1 (04:46):
So what does that do?

Speaker 5 (04:47):
That in effect lowers your interest rate by so many
points depending on how long you have the money in
the bank. So you can use your regular household checking
account where you have money in there to pay bills.
And even though you're using that money to pay bills
at the end of the month, let's say, or at
the beginning of the month, all the other time it

(05:10):
sits there, it's working for you by reducing your average
daily balance. And this is something John, I want to
get across. That money that you have in your bank,
your money. There is no there's no holds put on
that money. That's your money to spend. It's your regular

(05:31):
checking account. You write checks, your deposit money. You can
deposit paychecks, but it counts against the average daily balance.
What do they do that every night they sweep that account,
and how do they credit your account.

Speaker 7 (05:46):
Yeah, so every night, end of the business day, every
end of business day, they sweep it over. So the
next morning it looks like you have a zero balance
in your checking account. It's because you have increased line
of credit to availability, and it automatically sweeps it across.
If a check comes in, or you go to an ATM,

(06:06):
you do an online bill pay, it just doesn't let
it sit in a check account because, as we know,
checking accounts are just a holding place. So it's really
the checking account and the mortgage together, which makes the
all in one loan so great.

Speaker 5 (06:19):
Yeah, and when you think about it, what it's doing
is taking an ordinary household checking account and crediting you
that interest. I mean, that's a lot of money that
you're saving. So it's like having a checking account that
pays interest. Really, that's really what it is, because when
you offset, when you offset interest, it's like earning that interest.

Speaker 7 (06:42):
Oh no, I always tell people saved interests is the
same as earned interest.

Speaker 1 (06:47):
That's exactly right.

Speaker 5 (06:49):
You know. I used to talk to people a lot
about this. They would have money invested, right, and then
they have credit cards and you know they're making their
pay like twenty percent on their credit cards, and then
they think they're doing great in their investments if they
make fourteen or fifteen percent. If that, and I say
to them, you're running a deficit.

Speaker 1 (07:10):
Get out of debt first.

Speaker 5 (07:11):
Get out of debt, pay off high interest debt first.
Then start investing. You know, other than an emergency savings
for emergencies, you should get rid of high interest set
high interest debt will kill people.

Speaker 1 (07:25):
This is one of the ways you can do that.

Speaker 5 (07:26):
By the way, the all in one loan or the
liquid loan, I love calling it still. Then anyway, let's
talk to Kristin. Our number as I said, three of
three six two seven eight four six six. Kristin, you're
on the show. What is going on with you? What's happening?

Speaker 8 (07:49):
Oh, good morning, Tom, thank you for kissing my call.

Speaker 1 (07:52):
Yes, well, I just.

Speaker 8 (07:53):
Want to sing the praises to Stephanie. I had a
house in Pueblo. I had two different realtors before she
happened to show up from New York talk show. It's
how I found her. And she was absolutely marvelous. She
sold my house, thank God. So I think she needs

(08:13):
a digger because.

Speaker 1 (08:16):
Let's do that.

Speaker 5 (08:17):
Okay, there we go Hey, Kristin, thank you very much.
You know, we have some great people on board here.
And speaking of Stephanie, Stephanie, welcome, Frank Durn the real
estate man, welcome. As I always asked with these real
estate shows, the state of the state, the state of

(08:41):
the real estate market where you are. So let's start
with Stephanie. Since this woman called in and had kind
words for you, Kristin was wonderful. Oh good. How is
the market now in your area?

Speaker 1 (08:54):
What's going on?

Speaker 5 (08:54):
Up? Down? Inventory? Tell me all about it, average days,
what's happening?

Speaker 2 (09:00):
Say?

Speaker 9 (09:00):
I think we're actually fairly consistent from where we've been
in the previous month. Out of our active inventory, I
still see for Colorado Springs seventy five days on market.
Currently for the active inventory, we've got about twenty five
hundred homes on the market right now, but over thirteen

(09:21):
hundred under contract, so that's you know, a pretty good
ratio there.

Speaker 3 (09:26):
In the last thirty days.

Speaker 9 (09:27):
We've seen eight hundred and forty one sales in the
last thirty days in the Colorado Springs MLS, but with
over thirteen hundred under contract, that.

Speaker 3 (09:36):
Shows us we've got some uptick.

Speaker 9 (09:38):
So I do think that that's a positive for us
seeing some slight increases. I think our median price is
you know, down just slightly a little over one percent.
But our median price in Colorado Springs is a little
over five hundred and fifty thousand, so we're our that's
that average.

Speaker 3 (09:58):
And then the media is a little low five hundred, so.

Speaker 1 (10:01):
We'll examine that.

Speaker 5 (10:02):
We'll examine the Denver market right now, though, I want
to tell you about waterpros dot net, the best water
systems for the lowest price bar none. You will love Waterpros.
You'll love Paul the water in and his knowledge. Get
drinking water if nothing else. Get their reverse osmosis drinking
water at the kitchen sink starting at eleven hundred bucks.
If you get the tankless model, it's I think it's

(10:26):
like eighteen hundred bucks fully installed. You will never find
a better system for a lower price anywhere, no matter
what you're doing with your water waterpros dot net three
oh three eighty six two five five five four, go
with a sure thing Denver's best roofer Excel roofing dot com.

Speaker 1 (10:45):
You don't pay a cent until you're content.

Speaker 5 (10:50):
Time for an insurance checkup free no obligation comparison call
Compass Insurance paying too much your coverage at dozens of
insurance companies find out now three three seven seven to one.

Speaker 1 (11:01):
Help.

Speaker 5 (11:01):
You'll think you're his only customer when you choose Frank
Duran the real Estate Man dot com to list your
home with Remax Alliance three oh three nine two zero
sixteen twenty two. Okay, Tom Martino here, don't forget the
best warranties in the business for Dike in air and furnaces,

(11:21):
appleair dot Com. That's air with an Eappleair dot Com
three O three seven three three twenty eight thirteen. The
Terry family has had this this company for what forty years?
Appleair dot com. We love great businesses. Frank Duran in

(11:41):
the Real Estate Man, give us a rundown of the
front range. We talked to Stephanie about the Pike Speak
region in real estate. What's going on with Denver with
Denver Area Metro? Frank, are you there?

Speaker 1 (11:57):
Frank?

Speaker 5 (11:59):
Did I did I lose them?

Speaker 1 (12:03):
I don't think it's work and we'll get them moved
around here in a se Can you hear me that?

Speaker 4 (12:06):
Tom?

Speaker 1 (12:07):
Yeah, I can hear you. Great. Go ahead for good.

Speaker 4 (12:09):
Morning good to talk to you.

Speaker 10 (12:10):
You know, it's been hop and we just put ten
more homes under contract, getting ready to put an eleventh
under contract today. Overall, Denver real estate market has been strong. Overall,
we had a good bounce back from February to March
when they cut the rates. It's been steady ever since,
and medium prices up by two point five four percent.
So the single family market's been strong. The town home
condo market's been more of a challenge because there's more

(12:31):
inventory in the market, less buyers buying.

Speaker 5 (12:34):
Okay, we had a question that I had put away.
I got this question a few days ago, and I
collect these questions for when we have our guests on
This person wants to know they have young people starting out.

Speaker 1 (12:47):
Is there going to be a correction?

Speaker 5 (12:48):
People always talk about a correction whenever we have a
lot of appreciation and then things change in the economy.
I mean, do you see a correction coming where prices
might actually go down a little or stabilizer or are
we just in it and it's always going to be
a hot commodity and you better buy now because tomorrow

(13:09):
is more expensive. I mean, how do you guys feel
about that?

Speaker 1 (13:13):
In both areas.

Speaker 5 (13:14):
Do you feel that there is any kind of a
correction or adjustment coming in the real estate market?

Speaker 10 (13:21):
Well, Tom, I think we're already seeing that correction, and
I'll tell you why. Year over yere we've been a
little bit flat lined, and we saw that big surge
we had during the COVID era where prices just went
through the roof twenty twenty two, rates went up as
high as eight percent all of a sudden, less buyers
in the market, more inventory. So right now I believe
we're seeing more of a recalibration Denver Metro Okay.

Speaker 1 (13:41):
So do you see them?

Speaker 5 (13:44):
Do you see any kind of recession pricing coming? And
I don't mean a full blown recession, but where prices
will actually go down a bit or do you not
see that happening now? I mean, really, if you had
to look into your crystal ball, do you ever see
a time when that might happen?

Speaker 10 (14:00):
Well, friend, you know, things can happen overnight out of
everybody's control. But I would tell you based on everything
we're seeing right now, the market's been stable. We're not
seeing a crash. We're not seeing Home Skyrocket has been
very stable. If anything, price has been gradually growing at
a very gradual pace.

Speaker 5 (14:15):
Okay, now tell me what is driving Is this just
the time of year for sales, Stephanie or Frank because
kids are out of school and it's the time people
do the moving around or they start thinking about it,
or is it the market in and of itself. I'm
trying to get a handle. Is it the time of
year driving sales right now or do we genuinely have

(14:38):
a lot of new people coming into the market.

Speaker 9 (14:40):
I think this time of year we tend to see
an uptick in sales, especially in the Colorado Springs market.
I think that goes in line with like the PCs
season for some of our military bases around you know,
Colorado Springs, that's a big portion of our market. But
I think just in general, people tend to move, you
know when in between school years, you know, the weather's nicer,
things like that.

Speaker 3 (15:00):
So I do think it's time of year.

Speaker 5 (15:03):
John Clay CMG. And you do loans our loans now,
I know obviously homes are more expensive, loans are up,
but in general, are you seeing more people put more
money down or do you find more people doing as
much loan to value as they can get in the
mortgage business.

Speaker 1 (15:22):
What do you tend to see?

Speaker 7 (15:23):
Actually, we seeing a lot more people putting a little
bit more money down, trying to keep the payment you know,
somewhat reasonable. You know, you still get the FHA and
VAS which are great, but typically a little bit more down.

Speaker 6 (15:38):
I mean, right now, the.

Speaker 7 (15:39):
Bond market, it's a scary place right now with what's
going on with rates.

Speaker 5 (15:45):
Mike, what do you think, what do you see coming anything?
I mean, are they going to remain high? And we
say high? You know, technically they're not really high, but
they're high compared to what we've been used to, And
that's what happens.

Speaker 1 (15:56):
People get used to these.

Speaker 5 (15:58):
Really really low and then a normal rate like right
now seems high. Right what is a thirty year fixed
or what is alone hovering at right now?

Speaker 7 (16:09):
The fan may rate today is with no points is
six point six two five, so six and a half
sixeven five seen right in there. And and so the
ten year treasury just hit a sixteen sixteen month high,
and they're they're just it's the price of oil, you know,
they're worried about inflation spiking up, you know, so I
think their rates are going to remain elevated for a

(16:31):
little while.

Speaker 5 (16:32):
Because but people are getting used to these rates, right,
I mean, I think a lot of people hold back
and then I think they get used to it.

Speaker 6 (16:40):
They do get used to it.

Speaker 7 (16:41):
And like Frank was saying, the demo market, it doesn't
seem like it's ever going to go down as far
as correction.

Speaker 6 (16:48):
It's just not going to grow as fast. You know,
that's the thing.

Speaker 5 (16:51):
Okay, So if you had to look into your crystal ball,
let's say, for interest rates for the remaining part of
the year, you think they're going to stay right around
what they are right now.

Speaker 6 (17:00):
I do.

Speaker 7 (17:01):
I don't think we're going to get a spike down
and I think they'll stay where they are.

Speaker 5 (17:06):
And yeah, yep, And you talked about tea bills. They
are doing great for people, good steady growth and I
you know, we Martine Capital gives some free advice to
people if they have you know, one hundred thousand dollars
or less and they're looking for something. A great place
to start our tea bills because they're they're rock solid.

(17:29):
They they truly have really good returns for no risk basically,
you know, I mean, it's the full faith and credit
of the US. It's a great place to start, and
they have and you can do it directly for yourself,
opening up an account at Treasury Directed. It's a cool thing.
So if we had to put a house on the market,

(17:51):
would you do it this right away?

Speaker 1 (17:54):
Guys?

Speaker 5 (17:54):
There's no benefit I see to waiting. Can any of
you see a benefit to waiting when it comes to
listing your home?

Speaker 3 (18:02):
Not necessarily.

Speaker 9 (18:03):
I think the market is so specific to where that
exact house is, and that's where a lot of that
prelisting prep comes in. Not just you know, prepping for
photos et cetera, like we've talked about in the past,
but looking at the competition around you, you know what
that looks like, how this house is going to present
on the market. That's where I think that you know,

(18:24):
just doing you know, your due diligence for each house
that you list, helps really strategize. But just waiting as general, No,
I don't see a lot of benefit for that.

Speaker 1 (18:34):
Okay.

Speaker 5 (18:34):
By the way, if you're if you have a real
estate question of any kind, or a mortgage question, a
home loan question of any kind, we have our experts here,
but you can call about any problem, any question, any complaint,
and we'll we'd love to take it.

Speaker 1 (18:50):
I always tell.

Speaker 5 (18:50):
People call before the problem gets too far gone. We've
had a number of calls lately where people waited just
a little too long, and it's almost impossible to help.
I mean, I'm not saying we won't try to help you.
We will, but it's always better when you first have
a sign of trouble, and right now we're getting a
lot of those with contractors. My god, contractors are taking

(19:14):
money and getting ahead of themselves with payments but not
doing the work, and then they have to go out
and get more money from more people putting money down
in order to keep running. They're not masters of cash flow,
and it's one of the biggest problems we're seeing. And
I don't remember a time when we've had this much
of a problem with contractors. If you're in the business,

(19:39):
have you seen it. I mean, maybe many of you
who are good contractors have had to go in and
bail out the bad ones.

Speaker 1 (19:45):
So tell us what you think.

Speaker 5 (19:47):
Three oh three, seven to one to three, talk and
give us a call with any problems you might have.
Three oh three Martino, three oh three, six, two seven, eight,
four sixty six. And speaking of contractors you can always
trust Genesistotalexteriors dot com. They're great people. They do everything
on the outside of your house. They'll walk your house

(20:09):
and tell you what you need. They can do it
all on one invoice, from the roof to siding, doors, decks,
painting Genesis Totalexteriors dot Com. Go with a sure thing
Denver's Best roofer Excel Roofing dot com.

Speaker 1 (20:27):
You don't pay a cent until you're content.

Speaker 5 (20:32):
Time for an insurance check up, free, no obligation comparison.

Speaker 1 (20:35):
Call Compass Insurance.

Speaker 5 (20:37):
Pay too much your coverage at dozens of insurance companies
find out now three oh three seven to seven to
one help. You'll think you're his only customer when you
choose Frank durand the real estate Man dot com to
list your home with Remax Alliance three oh three nine
two zero sixteen twenty two. Hey Tom Martino here, Welcome

(20:57):
to the show. Three O three seven to one three
eight two five five. Compass Insurance for insurance checkups we're
talking about real estate.

Speaker 1 (21:06):
Call Compass.

Speaker 5 (21:07):
They'll go over all of your insurance honest to God
and give you an honest to God comparison.

Speaker 1 (21:12):
And if they can save you money. Fine, if not,
you have a great deal.

Speaker 5 (21:16):
Three oh three nine nine six nine thousand, three oh
three nine ninety six nine thousand.

Speaker 1 (21:21):
You know I've always.

Speaker 5 (21:22):
Said you cannot go wrong shopping for everything. Of course,
we have people that we know and love, but they
they welcome shopping because they know that they offer superior
goods and services. One thing that we've pledged on this
show is to bring you the best that you know,

(21:42):
the best that we can find in any particular fields.
I really mean that. I mean this is uh, this
is where you know. You don't do this for forty
five years on the air. You don't do this by
having a bunch of shlock. So we want you to
listen to what we reckon men, and we want you
to tell us how you're doing.

Speaker 1 (22:03):
We love it now.

Speaker 5 (22:05):
No one can bat one thousand percent or five actually
perfect would be yeah, a thousand in baseball would be
one thousand, five hundred is fifty percent. So anyway, just
give us a call and let us know how we're doing.

Speaker 1 (22:17):
Now.

Speaker 5 (22:17):
Listen. By the way, we have something else that the
other day, some people were recommending shows to watch. I'm
always looking for shows to watch. You know here and
there on the spare in my spare time. I love
having shows that I can watch one episode after another.
What we normally do, my wife and I normally we
exhaust a series and then we go on to a

(22:38):
next series, and sometimes, of course, with the ones that
stream weekly, we you know, we watch them every couple
of weeks, so we can watch a few out of time.
But somebody recommended on this show. We were off the air,
I think, and it could have been a YouTube moor On,
it could have been in the studio, but someone mentioned
White Lotus and I had never watched it. It's about

(23:00):
Hawaiian hotel. Basically, I don't know where it's actually shot
in Hawaii, I believe, but anyway, it's about a hotel
and their guests. And I started watching it. Is that
a crazy show? It's crazy. It's a crazy show and
I love it. So people, if you have any great
ideas for shows, let me know. Mark, you mentioned another

(23:21):
one the other day and I didn't write it down,
but it was when we were talking about shows and
I'm and somebody mentioned White Lotus. I know Axe mentioned
he was just starting to watch Game of Thrones, and
I believe Mark said he didn't let he Uh, the
one Breaking Bad You've never seen Mark? That is a

(23:41):
great series. Oh my god, is that a great series?
Oh my goodness. Gracious. Anyway, So if you got any
great ideas, let me know. I like good movies too,
you know, anything like that, you know, well, for me,
it's an escape and I love offbeat stuff. By the way,

(24:01):
talking about offbeating crazy, let's talk about why real estate
is doing what it's doing around the country. Again, I
am not preaching to the choir. I'm not preaching to
the people in the fews. I'm just saying how it is,
and what we're seeing is a great, great influx in

(24:22):
certain states. And whether you like it or not, Republican
states are seeing a great influx of people. If you
look at the actual migration trends, you will find that
Texas and Florida are the biggest winners. Other fast growing

(24:43):
states North and South Carolina, Tennessee, and Arizona. The losers
New York, Minnesota, California, New Jersey, and Illinois. They're seeing
massive outflows of business end of people just fleeing the state.

(25:05):
So I want to ask our real estate people with listings,
have you had any people actually say to you, I
want to list this home and get out of this
state because Colorado, while it's not necessarily negative, it's the
lowest it's been in years as far as people moving in.

Speaker 1 (25:23):
Have you guys ever had.

Speaker 5 (25:24):
People express why they're selling and are they leaving the state?
Have you have you heard of that or have they
asked you about other states?

Speaker 1 (25:32):
Either Stephanie or Frank.

Speaker 9 (25:33):
Yeah, I've had that a handful of times through the
last few years. I'll say it's really I've seen it
an uptick, but definitely I've seen that more in the
last few years. And people have been talking about moving
to you know states for sometimes political views. You know
a lot of times, you know, family moves, that kind
of things. But I've absolutely had some political move conversations anyway.

Speaker 5 (25:58):
And it's not necessarily political like philosophy wise, but it's economics,
lower taxes, lower cost of living. A lot of companies
are saying they just can't afford to do business anymore
in New York, in California, I mean, and so many
people are moving businesses, giant businesses. So that's what's really

(26:20):
funny is that you don't have to preach you don't
have to say anything. The numbers speak for themselves. It's
just that's just the way it is. No matter how
you look at it. All of the states that are
are suffering a net negative in migration or it's I
don't it's migration out of the state. They're liberal states,

(26:44):
And again I'm not. You know, I don't care what
you are, right be whatever you want. We all can agree.
This show transcends that crap because we try to stop liars, cheats,
and ripoffs and that comes and they come in all
shapes and sizes, trust me, So.

Speaker 1 (27:00):
Give us a call speaking of that.

Speaker 5 (27:02):
Three oh three Martino three oh three six two seven
eight four six six or three oh three seven one
three talk. So, Frank, have you had people tell you
they're leaving the state and for what forever whatever reason?

Speaker 4 (27:16):
All the time, Tom, all the time I hear.

Speaker 5 (27:17):
That, really, are they retiring or are they just moving?

Speaker 10 (27:22):
So I have the empty nesters. I have that group
wonderful people, God bless them. Uh some people that just
want to save money and feel like, Okay, I have
a job transfer and it's going to save me money
moving out of state. I get the political ones too,
that say, hey, I want to move to a different
state for political reasons, so we get them all over
the board.

Speaker 5 (27:40):
Can you guys, do you guys recommend people in other states?

Speaker 1 (27:43):
How do you do that?

Speaker 5 (27:43):
If you do it, either one of you, if somebody
wants a recommendation.

Speaker 10 (27:47):
Yeah, we have a pretty strong network. So we help
people move all over the country. Florida, Carolina's Boy, California,
you name it. Wherever they're going, we have it. We
have pretty strong connections that way, all right.

Speaker 5 (27:58):
Three oh three seven one three eight two five five.
What is on your mind? If stem cell is on
your mind because you have painful joints or tendons. Denver
Regen dot com. I am a patient or I was
a patient. They've done wonders for me, Denver Regen dot com.

(28:22):
Go with a sure thing Denver's best roofer Excel roofing
dot com. You don't pay a cent until you're content.
Time for an insurance check up free, no obligation. In comparison,
call compass insurance pain too much your coverage at dozens
of insurance companies. Find out now three oh three seven
seven to one help. You'll think you're his only customer

(28:44):
when you choose Frank durand the real estate man dot
com to list your home with Remax Alliance three oh
three nine two zero sixteen twenty two.

Speaker 1 (28:55):
Hey, I'm Tom Martino.

Speaker 5 (28:57):
We got Frank durand the real Estateman dot com in
we also have Stephanie Thomas real Estate in Pike's Peak region.
John Clay CMGIF Financial and I do have a text
on CMG financial. They want to know with a reverse loan, John,
They want to know can they refinance a reverse loan?

Speaker 1 (29:15):
And what is it? What is all that?

Speaker 5 (29:18):
What that's? What is that about? They have a reverse
loan but their house went up in value? Do they
have to refinance or is there any kind of a
streamline thing you can do to get more equity or what?

Speaker 6 (29:29):
It's not a streamline.

Speaker 7 (29:31):
Yes, you can refinance, but the biggest thing that triggers
refinancing and reverses is when.

Speaker 6 (29:36):
We get rate drops.

Speaker 7 (29:37):
But it could be the equity also depending on how
long ago they did the reverse. But yeah, a lot
of people will refinance the reverse to try to get
a little bit more money. And you know, we can
calculate it pretty It's an easy process. But you can't
now with a reverse loan. Isn't it an adjustable rate?

Speaker 1 (29:53):
Anyway?

Speaker 5 (29:54):
You said when braids drop, isn't it an adjustable rate
to begin with?

Speaker 7 (29:58):
Well, that that's correct. But and the index is lower,
you get a lower margin. Oh that's okay. What triggers
being able to get more money?

Speaker 1 (30:07):
But even when rates are higher like they are now,
when when you have like a line of credit on there,
your line of credit grows hit the same amount right as.

Speaker 7 (30:17):
The reverse it offset, so it does grow, but you
can it'll it'll give you more access to the equity
in your house.

Speaker 6 (30:25):
That's what I make because a long term.

Speaker 1 (30:27):
Yeah, your line of credit can go up every year
if you're not using it on.

Speaker 6 (30:31):
The reverse it can do that. Also, yes, you're you're correct,
it does.

Speaker 1 (30:35):
And listen to this time. I got to brag about John,
and I love the fact that you brought out. Yeh
CMG is one of the largest lenders in the country.
And John can lend. If you're listening right now on
YouTube or anywhere else, he can lend in all the states.
It doesn't matter. So you call him up and listen
to this top top one percent mortgage riginators in twenty

(30:58):
twenty five. That's who we're talking to.

Speaker 5 (31:01):
Yeah, and that's really that's important. And again, hey John,
I just want to ask something straight up seriously, because
you're a mortgage banker and because I used to do
some commercials for other for brokers who weren't lenders, And
what I would say is, you know, shop around, right,
but it can brokers beat you? I mean, in other words,

(31:23):
if you're a direct mortgage lender, are there sometimes where
a broker may have a lower rate or is it impossible?

Speaker 7 (31:31):
I mean I could never say impossible because because it
is a structure on some of the back end, most
of the time, yes, I can, I can beat the
rate or match the rate, and then the broker might
have a different product or something, but not likely, but
I can't say never.

Speaker 5 (31:50):
But so basically, you can do any kind of a loan.
You can do a conventional thirty year you can do
and can you do interest only or you would just
do it all in one loan?

Speaker 1 (31:59):
For that you these brokers actually come to you guys, right,
Am I crazy?

Speaker 6 (32:04):
For some of the products?

Speaker 1 (32:05):
Yeah, you can broker to end up end up you.

Speaker 4 (32:11):
No, No, I get I get that.

Speaker 5 (32:13):
That's why shopping around, like you know, with insurance with Compass.
Compass is the first one to tell you if you
have a great deal, and they're brokers, so they and
they shop uh carriers, right, But sometimes there are people
who said, Tom, you know I State Farm and Compass
couldn't beat it's this year.

Speaker 1 (32:31):
I mean it happens sometimes.

Speaker 5 (32:32):
I was just wondering in the mortgage business, if if
if if really everyone has basically the same rates basically,
and then when it comes to costs and expenses, what
about that? John? I mean, how is it just whatever
the broker wants to make?

Speaker 1 (32:50):
I mean, how does that work?

Speaker 7 (32:51):
Well, that's that's actually good you brought up, because that's
really what it becomes down to. A broker may have
a client that he knows he's going to do five
loans for, so he's going to do this one at
at a loss, you know, and that way he might have.

Speaker 6 (33:05):
A lower rate.

Speaker 7 (33:05):
But oh okay, but typically you know, your fees are
built in. I mean it is very similar cross mortgage industry,
and it's more about you know, the timeliness and how
effective you are getting things done well rates the brookers
usually have to put the add some fees to there.

Speaker 1 (33:25):
You just said something that people I hope they absorbed it.
You know, Miles his first time house. That's my son.
For people that don't know, he bought a house in Nebraska,
went through John from the minute. It took him what
ten minutes to fill out the application on your website
and he closed twenty eight days later. I have personally
never closed that. Well, that's not true. When we did

(33:47):
a loan with you are all in one loan, we
probably closed in fifteen twenty days. It was very quick.

Speaker 6 (33:53):
Yeah, and that's pretty typical.

Speaker 11 (33:55):
Now.

Speaker 7 (33:55):
The big thing is, I mean I can do a
pre approval if he needed to in in an hour
after you fill out that the application.

Speaker 1 (34:02):
Yeah, once you fill that out, and then our daughter's
using you right now, they're out shopping and he's got
that VA loan. I did not realize Tom how awesome
that benefit is. The rates are in the fives, zero
percent down, zero percent down. And what I learned about
it is he can use that his entire life, right,
you can.

Speaker 7 (34:22):
It's redoing it as long as you sell the house.

Speaker 6 (34:25):
You can't. You know, you have to use your lgibillion.
So you have to.

Speaker 1 (34:28):
If the army or the Seals would take me, now,
I'd probably sign up. Mark.

Speaker 5 (34:32):
I did not realize that your new son, that your
son in law or whatever he is, was a veteran.

Speaker 1 (34:38):
Yes, I don't know only is he a veteran, but
he is a very young, up and coming attorney like
my daughter.

Speaker 5 (34:45):
I know that.

Speaker 1 (34:45):
But when did he when did he do the service?
Deal did he learn?

Speaker 5 (34:50):
Did he go to law school in the service or what?
Or did he go before?

Speaker 1 (34:53):
Well? When did he find time? I think he went
when he was twenty or twenty two, and he did.
He lived in Wyoming and he did. I don't want
to call it. Is it National Guard? I think it's
Aditional Guard?

Speaker 6 (35:08):
Yep?

Speaker 1 (35:09):
Oh cool? And they get that he gets that same
benefit as if you were in for four years. Isn't
it called something a little different though? John, like a
whatever it is?

Speaker 7 (35:17):
He Yeah, you got the it's the veteran eligibility. But
it's still the same. It's still it's they treated the same,
is there? Basically?

Speaker 4 (35:25):
All right?

Speaker 1 (35:26):
We got a ton coming up? I hear music. Everybody
holds eight three oh three Martino, go with a sure thing,
Denver's best roofer Excel roofing dot com. You don't pay
a cent until you're content.

Speaker 5 (35:42):
Time for an insurance check up free no obligation comparison
call Compass Insurance paying too much your coverage at dozens
of insurance companies. Find out now three oh three seven
to seven to one help. You'll think you're his only
customer when you choose Frank durand the real estate Man
dot com to list your home with Remax Alliance three
oh three nine two zero sixteen twenty two.

Speaker 11 (36:03):
Yea ripped.

Speaker 4 (36:10):
News.

Speaker 1 (36:12):
So you don't have.

Speaker 2 (36:15):
Come running. Just as fast as we can show Shooter's
gonna help.

Speaker 4 (36:20):
Come man, this is the Troubleshooter Show. Now Tom Martinez,
Welcome to the show.

Speaker 1 (36:29):
I'm Tom Mark. What do we got going on? It
is time to talk about real estate. We're taking, of course,
all your questions and any complaints you have. Bad contractors.
We get directly involved. As you know, three hundred million
plus and cash, merchandise exchanges, refunds. We got John Clay CMG.
He is top one percent. Now I can start putting

(36:51):
that in your commercials. John top one percent in the country.
Landers Frank Duran, the real estate Man. I'd also like
to say this talk about kudos. He sends me stuff
I can't even keep up with his accolades. Tom Michael, No, man,
you're right.

Speaker 4 (37:07):
You're right.

Speaker 1 (37:08):
About two months ago he sold more homes in one
week than most realtors in the entire state of Colorado
sold in over a year. Frank Durant and Stephanie Thomas,
if you are looking for a home in the Pike's
Peak region, this woman knows the ins and outs of
everything going on in that area of the country, from

(37:30):
what is it Pueblo West all the way through basically
Castle Rock. She knows it all. She's incredible and by
the way, I must mention this a friend of the
Major family for twenty plus years.

Speaker 5 (37:44):
Yes, now here's what I want to talk about. Guys.
I am blown away by some of the staging done
by AI and listing homes. Now, this is something I
saw the other day, and you guys must be up
on all of this.

Speaker 1 (38:03):
I know.

Speaker 5 (38:03):
Frank, you know you're doing a lot with drones. Listen
to what I saw. Okay, the house is vacant, but
when you look at it, you can look at it
with an app and it furnishes the damn thing and
you don't even have to have furniture anymore. But it
shows you what it looks like with furniture.

Speaker 1 (38:21):
I mean, it just.

Speaker 5 (38:21):
Lays it out so beautifully so and you go on
the multi list.

Speaker 1 (38:27):
I don't know if it's a multi list.

Speaker 5 (38:28):
But you go on the listing, I'll say, and it
shows the house right, and then it all of a
sudden boom, it's furnished. Do you guys, are you guys
implementing AI stuff?

Speaker 1 (38:40):
Yeah?

Speaker 9 (38:40):
Virtual staging is really cool, especially if you have a
really unique floor plan. Sometimes it's neat to really give
people some good ideas and what a home can actually
look like. One of the title companies that I work with,
they actually have some cool AI technology that we can
essentially put in and try to locate a buyer for
a specific area and a specific listing, and they will

(39:04):
come up and come up with lists of people that
might meet that criteria based on some AI you know, algorithms,
et cetera.

Speaker 1 (39:12):
I'm curious. He just asked a great question, But AI,
what is the downside for both of you? I see
the upside with good question, right, But where has it
come into play where it's something you rather not have
dealt with? Is there such a thing?

Speaker 6 (39:31):
Mark?

Speaker 10 (39:31):
I would say there is no substitute for experience. I
use the I as a tool, but certainly it doesn't
have the experience I have or seen what I've seen
over thirty years.

Speaker 12 (39:41):
Now.

Speaker 1 (39:41):
What I'm asking though, has it come up, for example,
in negotiations Uh huh, where someone's realtor or themselves for
that matter, are going Well, I AI did, and it's
saying that house shouldn't be that much. I mean, if
you ran up against a negative with AI.

Speaker 10 (39:57):
So far I have nots okay, but even if they did, Mark,
I'd be to back it up with real comps anyway.

Speaker 1 (40:01):
Yeah, that's that's crazy. And by the way, I wanted
to throw this at you guys, Tom. Remember years ago
we were doing that app for public adjusting, right right, Yes,
so our friends at euro Plumbing they're in the middle
of it. It should be done soon, and I want
to know because they're targeting realtors, and they're targeting lenders,

(40:22):
and they're targeting insurance brokers and insurance companies. It would
be an app to where if they needed to do
a full repipe in the house because there was a
water thing, or for whatever reason they had to do
a new repipe, or if the water heater was bad
or basically not any plumbing issue, but basically big ones
water heater stuff like that. You could go on the

(40:45):
app instantly without anything. I mean basically you would just
go onto the app, log in real quick and it
would give you a quote for exactly how much a
complete repipe would be, a water heater installed anything plumbing.
Is that something you would see as beneficial going forward,
because in some states like Utah, whole house repipe is

(41:09):
exploded because you have to disclose if you have certain
kind of piping, and it's kind of crazy. So just
give me your thoughts on that.

Speaker 9 (41:20):
I think having information like that to help guide a
client would be good, but I'd still want to get
a professional out on location to actually give like an estimate. Now,
I guess my question would come in is, you know,
how are they coming up with an estimate when they
haven't seen the property? Are they basing it off of
an address, you know, square footage, et cetera, that kind

(41:40):
of thing.

Speaker 1 (41:40):
Because then there's that's an absolutely great question. With water heaters,
it's simple, Well, what your side of you are pipe
with repiping, What they do is they give you a
real quick ballpark, then they schedule a zoom with you
either that minute or within the next twenty four hours,
and they'll tell you exactly what they want to see,

(42:01):
but to give you an idea. With repipe and I
just learned this, it's all in the water connections toilets,
one sinks, one's dishwashers one. It's wherever the water runs
to and they can calculate that based upon the square foot.
So their initials say it's seven thousand dollars, is pretty
dang close, and then the walkthrough they double check it.

(42:22):
But the initial one is purely on fixtures and I
never knew that never, So listen, I wanted to bring
that up.

Speaker 5 (42:30):
You said something about, you know, an app to help people?
What about this is one thing I want to ask you, guys.
This is what I've seen happen in real estate, and
tell me if you've seen the same thing. A home
inspection can blow up a deal, and I'll tell you why,
because many times when people get a home inspection and
let's say they see a dozen items on there, they

(42:51):
go absolutely nuts because they're thinking, oh my god, this
is going to cost a lot of money or this
is going to be this and they start arguing before
they even know what they're talking about. And I've often
said a home inspection is important, but what if there
was a company that would take that home inspection and
put a price on it. In other words, it's a

(43:13):
home inspection estimator for example. So okay, here's your home inspection.
But listen to this. This home inspection mitigation company says
all of those things add up to this amount. Then
you're arguing it about an amount and not the items themselves.

Speaker 1 (43:30):
I've often thought why.

Speaker 5 (43:32):
Because people they get scared and they may not buy
something that might only take twelve.

Speaker 1 (43:38):
Hundred dollars to fix.

Speaker 5 (43:40):
Do you, guys ever see customers do that where you
take the inspection and put a price to it.

Speaker 1 (43:48):
It seems incomplete not to do that.

Speaker 5 (43:52):
I think home inspectors, for example, if they did inspections,
they should put a price. Not that they'll do it,
but they should have some kind of a tool that
can like exactimate or something that can tell the homeowner listen,
here is what we're looking at. So both the buyer
and the seller, no, no, that the the inspection amounts

(44:13):
to forty three hundred dollars.

Speaker 1 (44:15):
That's exactly That's exactly what Europlumbing is doing, but just
literally just with plumbing of course, right.

Speaker 5 (44:23):
Wouldn't that be cool if there was an app where
you put in the inspection and it comes out.

Speaker 1 (44:29):
With a price.

Speaker 5 (44:30):
So because Frank and Stephanie, haven't you seen home inspections
blow up a deal?

Speaker 1 (44:37):
Plus it's and guys, wouldn't you say too, it's just
an out. They don't even want to house at that point,
but they use it asn't out.

Speaker 10 (44:44):
Yeah, or sometimes unfortunately the inspector scares them. And I
had one one time where the inspector, who was not
an engineer, Tom had this lady scare that there was
a foundation problems and she wanted fifty grand off the price,
and my seller said, forget it, so we ca hold
out an actual engineer and found out the problem was
like a twelve hundred dollars fix. It wasn't the Franks

(45:05):
big as what the inspector blew it up to be.

Speaker 1 (45:06):
And then, of course, when you hire these inspectors, you
basically give up your life and you're first born to them,
so you can't go after him for anything with the
exp of whatever you paid them.

Speaker 5 (45:18):
Hey, Mike, real quick, let's get started on your problem
and I'll take a quick break. What's going on with
your transmission? Mike, Welcome to the show, seven to one
to three, Talk Mike.

Speaker 1 (45:27):
What's happening all right?

Speaker 13 (45:29):
Good morning guys.

Speaker 14 (45:31):
I had a problem with my seventeen fifty Lariat.

Speaker 13 (45:35):
It's got the.

Speaker 14 (45:36):
Three point five ego boost with the tensity transmission. The
transmission was going out, so I took it over to
RAM Transmission over North Glenn. They came back and told
me that the transmission failed. They were going to replace
it for me for a little over six thousand bucks.

(45:56):
I got the truck back about a week and a
half later, and uh, it.

Speaker 13 (46:01):
Started shifting really weird.

Speaker 14 (46:04):
It would go into like a list.

Speaker 1 (46:06):
So so you spent the six grand?

Speaker 14 (46:10):
Yeah?

Speaker 5 (46:11):
Okay, And did they do it? Did they do a
rebuild for six grand?

Speaker 1 (46:16):
Yeah?

Speaker 14 (46:17):
They put a rebuild transmission in it.

Speaker 1 (46:19):
Well, the reason he's calling though, we're going to find
out after this bray. We got more right after.

Speaker 5 (46:24):
This, go with a sure thing Denver's Best Roofer Excel
Roofing dot com. You don't pay a cent until you're content.
Time for an insurance checkup free, no obligation. In comparison,
call Compass insurance paying too much your coverage at dozens
of insurance companies. Find out now three o three seven

(46:47):
to seven to one.

Speaker 1 (46:47):
Help.

Speaker 5 (46:48):
You'll think you're his only customer when you choose Frank
durand the real Estate Man dot com to list your
home with Remax Alliance three oh three nine two zero
sixteen twenty two by Tom Martine, You're a troubleshooter three
oh three seven to one three talk seven one three
eight two five five. We have frankedrein the real Estate
Man dot com with us. We have Stephanie Thomas and

(47:11):
she's with us. She does a real estate in the
Pike's Peak region, a Coldwell banker and also John Place
with SAMG Financial for mortgage lending and loan questions. And
Mike called with this transmission problem. He said that he
recently had his transmission rebuilt on a twenty seventeen f
one fifty. I believe he said, the ten speed transmission. Okay,

(47:32):
six grand. What happened then?

Speaker 14 (47:36):
Well, I I left the truck with him for about
a week and a half. They did refers to it.
I went back picked it up. Uh, this is my
primary vehicle. I don't have another. I have to rent
a car or borrow a car. But anyway, I get
the truck back, I drive it around for you know,
a couple of weeks, and it's doing pretty much the
same thing. It's highway.

Speaker 1 (48:00):
I'm sorry he broke it in out, but I didn't.
I want to know what it was actually doing when
you brought it in. What were the symptoms.

Speaker 14 (48:08):
Uh, it was just it was just going like into
limb mode, like uh okay into uh stater. The selector
would go all it would jump down the second gear
when I'm doing fifty five on the highway. It was
just doing that and and kind of uh slipping at
the lights when I would chee.

Speaker 5 (48:25):
So, Mike, after basically after spending six grand, you're saying
nothing was done to improve it.

Speaker 14 (48:33):
Well, I took it to them three times now. I
I just got the truck back a couple of days ago.
The second time, they said they got to put a
new valve body in it. So I dropped it off
for another week. They put a new valve body in it.

Speaker 1 (48:47):
I got for that or No.

Speaker 15 (48:50):
No.

Speaker 14 (48:51):
One hundred thousand mile warranty on the on the on
the work and the parts. So I picked it up.
It's doing the same thing again.

Speaker 5 (49:00):
You need to get it independently evaluated. Mike, you got
the same eyes on it every time. You need someone
to go through that transmission for you, at least diagnostically.
They don't have to tear it apart, but you need
you need a fresh pair of eyes, and then you
get your warranty enforced.

Speaker 1 (49:16):
Let's bring Jeff Vick up with camera transmission. Jeff, I
don't know if you heard what kind of vehicle it is,
but do you have any thoughts here? Why would a
rebuild transmission that now has I guess its second new
throttle body still be going into limp mode dropping down
to second gear. Blah blah blah, mall.

Speaker 11 (49:34):
There can be all sorts of reasons for going into
limp mode. I mean, and I don't know where they're
getting the vow bodies, and given that price point, I
don't know where they're getting that transmission because the service
suiting wasn't bored.

Speaker 5 (49:44):
The ten speed transmission rebuilt six grand. You're saying that's
a very low price.

Speaker 11 (49:49):
Yes, very much so, you know, quite frankly, you know,
just building them in a house. We're probably starting up,
you know, in seventy one, seventy two hundred dollars area
if I had to replace it, you know, you've got
to see him and popped it off, being closer to
about ten to five.

Speaker 5 (50:03):
Yeah, he had a rebuilt, he said, for six grand.
So kid, you, Jeff, what would you do to diagnose it?
Would you be able to diagnose it without tearing it apart?

Speaker 11 (50:14):
Well for the most part, yes, you know. I mean
between watching you know, analyze data on the scanner and
sometimes just the seat of your pants, you can have
a good idea what's going on?

Speaker 1 (50:23):
Hey, Mike, how often does it do what you're describing now?

Speaker 14 (50:28):
It's just doing it on the highway in city.

Speaker 13 (50:30):
It does great.

Speaker 1 (50:30):
Well, I'm saying, if Jeff went a ride with you,
or if his guys drove it out on the highway,
is it gonna happen or it only happens like once
every twenty days or what it happens.

Speaker 14 (50:41):
All the time once you get it on the highway?
Got it this third time that I took it from him,
just it started doing it again. I was my mom
was twenty minutes away. I was driving down I seventy six,
and it started doing it again. So I'm pretty much
fed up with this shot because they're they're just inconvenience.
You know, I got to get a different car to

(51:03):
drive to get to work.

Speaker 1 (51:05):
How many miles on your truck.

Speaker 14 (51:08):
And now it's got about ninety eight thousand.

Speaker 5 (51:12):
Oh that's not bad, listen. I would take it over
to Jeff camera transmission and have it looked at. I mean,
you need a fresh pair of eyes. I'm surprised you
haven't done that already. And then then you can see
what's going on and then make them live up to
the warranty.

Speaker 14 (51:31):
Okay, yeah, at this point I wanted just to take
them the small claims court and be done with them.

Speaker 1 (51:35):
Yeah, but what are you gonna do? Okay?

Speaker 5 (51:37):
What are you going to go for small claims court?
You don't know what's wrong with it? You have to
say this was obviously not done correctly.

Speaker 1 (51:46):
Here's what's wrong with it. You got to have Jeff
look at it. It's not going to cost you that much,
even a couple hundred bucks to figure out what's actually
going on. Then you either go back to them to
get it fixed or pay Jeff to do it. Then
you take them to small claims court. Right. My worry
is they didn't even give you a rebuilt, nor did
they rebuild your transmission? That's my biggest worry, just because

(52:07):
what Jeff said with pricing.

Speaker 5 (52:11):
Yeah, did they say they rebuilt it for six grand?
What did they say they did? What is your invoice?

Speaker 6 (52:17):
Show?

Speaker 4 (52:18):
Yeah?

Speaker 1 (52:18):
Good?

Speaker 14 (52:19):
Yeah, that's what a show? And the installed new rebuilt
transmission ten or eighty and then like I said, a
foul body was going out, so they put another foul
body in it.

Speaker 1 (52:33):
And it's still I would love for you to get
it over to Jeff and then get the true diagnostic
on it. Then when we find out whether it is
or isn't anything to do with this company that sold
it to you, we'll go after him like pitbulls if
it's their issue, and we'll help you with the small
claims court, not in a legal sense but in a

(52:55):
every day sense how to file it and where to
get to paperwork and who to serve stuff like that.
But the bottom line is this, get it over to
Jeff and then we'll have Jeff follow up with us
and you to figure out the next step. It's going
to be worth two three hundred bucks or whatever the
dag isat.

Speaker 5 (53:11):
You gotta do it, you gotta do it now.

Speaker 1 (53:13):
Don't.

Speaker 5 (53:14):
Don't just sue them. You don't even know what you're
seeing them for. I mean, just because it doesn't run right.
They could say that has nothing to do with what
we did. So you have to have some evidence, you
have to have some ammunition. But I suspect if you
find out exactly what's wrong with it, they might fix it.
I think that's going to be your path of least

(53:35):
resistance right now. Three zero three seven one three talk
seven one three eight two five five. We always talk
about Gravinas having the greatest windows because they have fifty
lines of windows you can choose from. If you're looking
for energy efficiency, beauty and low maintenance, you want Gravinas
dot com. Go with a sure Thing Denvers Best Roofer

(54:00):
Excel Roofing dot com. You don't pay a cent until
you're content. Time for an insurance checkup free, no obligation.
In comparison, call Compass Insurance paying too much your coverage
at dozens of insurance companies find out now three oh three,
seven to seven to one help. You'll think you're his
only customer When you choose Frank durand the real estate

(54:22):
Man dot com to list your home with Remax Alliance
three oh three nine two zero sixteen twenty two. Hi,
I'm Tom Martino, your troubleshooter with Major Mark Major. We
have studio of guests talking real estate and loans and
anything else on your heart or pocket or in your pocketbook,

(54:45):
whatever it is.

Speaker 1 (54:46):
Give us a call.

Speaker 5 (54:47):
We especially want to know about problems in early stages.
If you listen right now, I'll bet you within earshot
there are people who have paid a contractor money upfront
and have got already gotten a little song and a
dance already.

Speaker 1 (55:03):
You're a little tap dance. This is a thing.

Speaker 5 (55:06):
Oh, I'll start maybe in a week or maybe not,
maybe two weeks and then they all you know, it's
like it's crazy, and I'm just tired of it. I'm
really tired of it. It's the number one problem we've
been plagued with since COVID, since COVID. Hey, by the way,
speaking of COVID, have any of you noticed, I know

(55:27):
we're talking about real estate consumer issues. This is a
consumer issue. Am I the only one who've noticed? But
mainstream media is hell bent on telling us about every
disease outbreak there is in the world. I swear to
you it leads with the hantavirus or the ebola, and
it's just unbelievable. They love scaring the hell out of people.

(55:50):
And I'm not saying we shouldn't be healthy. I'm all
about wanting to be healthy. My goodness, after what I've
been through, I love being healthy. I mean, but these
people are They're not doing it with an eye of
helping you be healthier. They're trying to scare the hell
out of you and make it sound everything sounds scary.
God almighty, there's a certain ilk of people that want

(56:15):
they want they literally want to be controlled. I don't
even understand the mindset where they got the idea that
they can trust their government with all things and trust
them with health especially, and then trust big Pharma. You
remember when big pharma was a bad word. Right now,

(56:38):
big Pharma is a hero, is a hero to a
lot of these people who crave. I call it a
craving it is, it's a craving for government control. How
can people live like that? And then they call it
following the science. It doesn't follow any science.

Speaker 1 (56:57):
It's scare. It's scare tactics.

Speaker 5 (57:00):
Have you noticed every morning leading the news is where's
the next disease and where did it, where did it
break out? And what can we do about it? And
when is it coming to America? When is it going
to come to get us? And what are we going
to do when the next pandemic hits? I mean, I
really think these people will secretly be happy when the

(57:20):
next pandemic hits. They can put a long sign out
there saying, you know, I believe in science and and
then sit at home with their mask on and uh
and think they're they're saving themselves. It's just it just
makes me sick. They concentrate all the time. Never once
do they say, by the way, here's how to stay healthy,

(57:42):
here's how to stay healthy. They don't do it. Three
oh three seven one three talk seven one three eight
two five five.

Speaker 4 (57:47):
We have a real.

Speaker 5 (57:48):
Estate question, and I guess this could go for either one. Okay, guys,
as far as inventory, uh moving Okay, average days on market?

Speaker 1 (58:00):
What does that really mean?

Speaker 5 (58:01):
Does that mean that seventy five days, Stephanie you mentioned
in the spring, is that the average or the median
that median would be the equal okay, okay, the average,
So some can stay on the market substantially longer. What
makes the house stay on the market a long time.
Is it pricing?

Speaker 1 (58:18):
What is it?

Speaker 13 (58:18):
Frank?

Speaker 1 (58:18):
What do you think?

Speaker 5 (58:19):
There are people who have listings that have been up
there so long and others who sell in a couple
of days.

Speaker 1 (58:27):
It's a combination of things.

Speaker 13 (58:28):
Tom.

Speaker 10 (58:29):
In the townhome condo market, some of those segments just
have way way too much imagory, like over six months worth.
That's the challenge. So unless you can price it to
meet where the market's going to pay, you're going to
sit there a while. Single family homes, especially homes that
tend to move fast, if you price them right, you're
going to move them. If you test the market and
push high, especially in a market like this, it's going
to be tough because you'll sit there and eventually when

(58:52):
you realize the air of your ways and say, okay,
it's time to price it right, you've lost so much momentum.
Even when you do price it right, you end up
leaving money on the table because guess what they're going
to under ball anyway.

Speaker 1 (59:01):
I want to jump in on something here. I sent
something over to Frank last week. So we have friends
of the family, Tom, whose kids live here, and I
say kids, The guys thirty five years old. Yeah, you
went to sell their first house or having their second baby,
and he hired his friend from college. His friend from
college had the house they were selling that You told

(59:23):
them all it'll be no problem whatsoever. Selling it at
five hundred and fifty thousand had him roped in believing
they'd sell it. They signed the contract, he put it up.
It's been almost ninety days. The house has fallen through twice,
and I finally sent over the address to Tom as
a reach out to the parents to figure out what's

(59:44):
going on. So what was going on is every other
house in the neighborhood that was bigger for that matter,
and redone, just like theirs, was was under five hundred
and thirty thousand. It was absolutely insane. They even went
under contract, but both of them broke. Now they've only
dropped it down to like five hundred and thirty. It's

(01:00:05):
getting stale on the market, and they're afraid to get
rid of that retail or that realter that's a friend
because they might not be friends anymore.

Speaker 5 (01:00:15):
Where.

Speaker 1 (01:00:15):
I say, okay, if the guy's such an idiot and
doesn't know how to price your house, he's not even
a friend. In the beginning. He's trying to screw you.
All he cares about is a commission. Of course, it's crazy.
But Frank, what do you do in a circumstance, Because
here's the real problem with this. They bought another house
and barely squeak by. John Clays, you can probably understand this.

(01:00:38):
They're holding two mortgages. They're right at the brink. In
other words, they can't afford anything else. They barely squeak
by on that second mortgage. Now that they're to the
point they can't even pay it. They had to borrow
some money from their parents to pay this second mortgage. Meanwhile,
this house is still sitting on the market because he's
afraid to do anything irritate his friend. I want to

(01:01:01):
strangle him. It's like he's twenty five, not thirty five.

Speaker 5 (01:01:05):
No, Mark, you would be shocked at how many people
Frank and I have come across that are using an
old friend or a friend of the family, or, like
you said, a college buddy. I mean, why do they
pick Why would you pick a real estate person based on, you.

Speaker 1 (01:01:22):
Know, what this guy told him. And I'm hearing this
kind of third hand, but I believe at one hundred
percent they had other friends, of course, in the same
college that they went to see you. They had other
friends they know that did not use this person as
a realtor, and he no longer talks to him, which
scared the guy I'm talking about. He didn't want to
lose his friendship. But I don't know how to relate

(01:01:43):
to him. If the guy's in over his head and
now you guys are by the skinnier teeth surviving with
two mortgages, that's not a friend. No, he listen, Frank,
what do you do?

Speaker 5 (01:01:55):
What happens when you inherited a house already that's been
on the market a long time?

Speaker 6 (01:02:01):
One?

Speaker 1 (01:02:02):
Yeah?

Speaker 5 (01:02:03):
What do you do in a case like that when
the owner will not lower the price?

Speaker 1 (01:02:07):
Do you remember the house we're talking about? He knows all.
He did full comps for me. He did the whole thing.
And by the way, Frank will do that for anybody.
But go ahead, Frank, absolutely.

Speaker 6 (01:02:16):
Yeah.

Speaker 4 (01:02:16):
Tom, that's a tough one.

Speaker 10 (01:02:17):
And so you just have to be straight with him
and show them logically what the market is. We do
this a lot on Zoom meetings, and ultimately, if they
still want to keep it over priced, sometimes you just
have to politely walk away. Otherwise, what you're doing is
you're just participating in that and keeping the house over
priced when it's not going to move at that price.

Speaker 5 (01:02:36):
And then isn't there a certain amount of people that
watch these listings and when they see it over and
over again, Isn't that doesn't that give it a weakness?
Doesn't it kind of put a chink in the armor.

Speaker 10 (01:02:48):
It certainly can, Tom, And I'll tell you, if you
can get priced right and start a fresh marketing campaign
and just start fresh, sometimes that can make a big difference.
But you're right, there's people that watch. They kind of
watch like a hawk. They're waiting for that opportunity to strike.

Speaker 4 (01:03:02):
For sure.

Speaker 5 (01:03:03):
Okay, we talked about condos and town homes.

Speaker 1 (01:03:07):
Is it still a rough cell.

Speaker 10 (01:03:11):
Condos and town homes? Yeah, they certainly are.

Speaker 1 (01:03:13):
Tom.

Speaker 10 (01:03:14):
In fact, certain segments we found that the inventory is
sole lopsited. One particular area had like three hundred and
fifty four active listings with seventeen hunder contract.

Speaker 4 (01:03:23):
That is something else.

Speaker 10 (01:03:24):
I mean, I remember seeing that back in two thousand
and eight, nine, ten, eleven. So the town home condo
market in some areas is certainly much different than what
we're seeing in the single family market.

Speaker 5 (01:03:33):
Is that mainly because of insurance and all of that.
The problems with you know that kind of stuff, because
they're self insuring a lot of them for Wind and
Hall Tom exactly.

Speaker 10 (01:03:44):
So what happens is increase insurance premiums, increased HOA fees.
Now taxes are a bit higher, interest rates are sitting
between six three to six five. A lot of those
types of properties are entry level buyers, So how do
they afford that when the HOA fees you know, six
hundred bucks a month, So it's knocked a lot of
buyers out of the mark. Even if that seller is
offering an incentive to the buyer, that monthly payment is
just it's phenomenal, Uh, to even pay.

Speaker 1 (01:04:06):
Something like that. I get you.

Speaker 5 (01:04:08):
We got more coming up on the Troubleshooter Show. We're
talking real estate. But you can call with anything on
your mind before you get ripped off, or yeah, before
you even enter a transaction. If you want to check
out your idea, give us a call. Or if you're
getting a song and a dance from a contractor or
anyone else, give us a call. Three oh three Martino,

(01:04:29):
three oh three sixty two seven eight four sixty six.
Go with a sure thing Denver's Best roofer Excel Roofing
dot com. You don't pay a cent until you're content.
Time for an insurance checkup free, no obligation. In comparison,

(01:04:51):
call Compass Insurance paying too much your coverage at dozens
of insurance companies find out now three oh three seven
to seven to one help. You'll think you're his only
customer when you choose Frank durand the real estate Man
dot com to list your home with Remax Alliance three
oh three nine two zero sixteen twenty two. Hi Tom Martino,

(01:05:14):
your troubleshooter three O three seven one three A two
five five. What is the sweet spot? People for selling homes?
Somebody wants to know.

Speaker 6 (01:05:26):
What do you think?

Speaker 3 (01:05:27):
What do you mean the sweet spot?

Speaker 11 (01:05:28):
Yeah?

Speaker 5 (01:05:28):
Well I got the price, the price range that's moving
the fastest.

Speaker 1 (01:05:32):
Frank staff dab. But Stephanie, would you say price is low?

Speaker 9 (01:05:35):
I think I think it's going to be priced well
for the neighborhood.

Speaker 3 (01:05:40):
I do such a diverse area.

Speaker 9 (01:05:42):
It's hard for me to say, oh, this price is moving,
Because you know, mountains, I do mountains, I do property,
I do land I do residential, I do a lot
of different things. Okay, So really just price well to
the specific type of property. I mean, I don't ever
advise people try to reach in pricing, because you do,

(01:06:04):
you will.

Speaker 5 (01:06:05):
Sit so okay in a neighborhood, then you're talking about
fitting in with the neighborhood or being lower than the
neighborhood or what.

Speaker 9 (01:06:15):
I always look at our active competition and of course
the souls to help establish that value. We have to
find the sweet spot between both of those. So with
our active competition, I want to look at amenities and
how we're going to compare, you know, to that, and
I'll talk with my clients and we'll look at the
properties and just say, hey, you know, this is what

(01:06:36):
we're competing against, and it really helps us come up
with a realistic price point for amenities.

Speaker 3 (01:06:42):
You definitely don't want to be you know.

Speaker 9 (01:06:45):
The outlier, the one that is the highest price per
se or even something that for instance, you know, say
your finishes aren't quite as you know, high as others.
You want to be real realistic with what that value
actually looks like. So that's I'm just really doing some research,
you know before you list.

Speaker 5 (01:07:06):
Okay, so in any case, John, people want to know
he's with CMG Financial. They do mortgages, one of the
largest mortgage bankers in the country. Let's talk about fees
and stuff on loans.

Speaker 1 (01:07:21):
Are they can can.

Speaker 5 (01:07:22):
You quote someone that up front? Will they know exactly
what they're paying before they go through this entire process?
Do you have like a pricing package if there is
such a thing.

Speaker 6 (01:07:34):
Yeah, we do.

Speaker 7 (01:07:35):
You know, obviously we can do what they call loan estimates,
and our fees are pretty much set it and then
you know, depending on the industry.

Speaker 6 (01:07:43):
Can go off okay or different things like that. But yeah,
I can quote the fees.

Speaker 1 (01:07:48):
What about documentation?

Speaker 5 (01:07:50):
What kind of documents are now required for a loan?
Isn't there aren't there loans that are low doc loans?

Speaker 6 (01:07:58):
Yeah?

Speaker 7 (01:07:59):
Well right now, Well that that's become very in the
last year. It's become very, very easier to get that
stuff done, especially if you're a W two bar I
mean a simple pacedub W two type of thing.

Speaker 5 (01:08:13):
But yes, what about these places that talk about your bank,
your register or something checking account.

Speaker 1 (01:08:20):
I don't understand what they're doing with that.

Speaker 7 (01:08:22):
So it's called the bank statement loan, and you have
to be self employed to get one of those. But
you know a lot of self employed people, as you know,
I mean, they're going to try to pay as little
taxes as possible, so their tax returns don't really reflect
their income. But we can do bank statements into your
last twelve month. Bank statements take the deposits and then

(01:08:42):
depending on what industry you're in, we have a factor.
Like for a real estate we're seeing a lot of
real estate agents.

Speaker 6 (01:08:49):
We can do bank.

Speaker 7 (01:08:50):
Statement loans and then we put an expense factor of
fifteen percent on it. So we take all the deposits
minus the fifteen percent expense and that's what we can
give them as a month income.

Speaker 6 (01:09:00):
It's pretty cool.

Speaker 1 (01:09:02):
Well, now people do it. I'm sorry talking about contractors.
In fact, I know one of them. I sent to
you Genesis, And for contractors out there, think about this.
Let's say you got a lot of equity in your
house and you got a big project coming up, whatever
it is, and you can access that money instantly. I
mean for thirty years you can access that money and

(01:09:23):
then you only pay simple interest on it. Then when
you get paid by the client, you put it back
in and that's it. It's done over. That's it.

Speaker 7 (01:09:31):
It's great one loan, which is great for people who
want to self finance projects.

Speaker 1 (01:09:36):
And that qualification on the all in one. The other
cool part about it is, like he was talking about
the bank statement, what you have in your retirement funds,
all that counts towards it. It's not necessarily just your
everyday income whatsoever. It's kind of asset based.

Speaker 5 (01:09:53):
Yep, okay, So what about debt to income ratios? When
you figure out a debt to income ratio, are you
counting the house payment and the taxes and insurance and
all that.

Speaker 7 (01:10:04):
Yeah, so we do they what they call is the
front end ratio is house payment, taxes, insurance, but we
do an all in ratio, which is house payment, taxes, insurance,
and then any debt that's reported on your credit report
type thing. It's not the credit port, don't use it.

Speaker 5 (01:10:21):
So what what debt to income ratios are now acceptable?

Speaker 7 (01:10:25):
Well, forty three percent is guideline, so if you take
that is forty three percent, But.

Speaker 1 (01:10:30):
You know, so what does that mean?

Speaker 7 (01:10:31):
You can go up to forty So say you say,
do you make ten thousand dollars gross per month? So
let me just quick guy, Yeah, then you take forty
three percent, so you're okay, forty three hundred dollars, you know, dollars.

Speaker 5 (01:10:45):
So your debt can't your debt can't exceed forty three
hundred if you're making ten grand.

Speaker 6 (01:10:52):
Yeah, that's kind of the guidelines.

Speaker 7 (01:10:53):
And you know there's some programs that can go up
to fifty to fifty five. Obviously you're in a different rates,
but kind of the Fanny made Freddy. That guideline is
that forty three forty five percent.

Speaker 1 (01:11:03):
This is the Troubleshooter Show.

Speaker 5 (01:11:04):
Three oh three Martino three O three six two seven
eight four sixty six. Go with a sure thing Denver's
Best roofer Excel Roofing dot com.

Speaker 1 (01:11:13):
You don't pay a cent until you're content.

Speaker 5 (01:11:16):
Wave time for an insurance checkup, free, no obligation comparison
call Compass Insurance paying too much your coverage at dozens
of insurance companies find out now three oh three seven
seven to one help. You'll think you're his only customer
when you choose Frank durand the Real estate Man dot
com to list your home with Remax Alliance three oh

(01:11:36):
three nine two zero sixteen twenty two.

Speaker 2 (01:11:44):
Rip.

Speaker 1 (01:11:46):
You need that so you don't have.

Speaker 2 (01:11:52):
Run anxious as fast as we can. Shooter's gonna help come.

Speaker 4 (01:11:58):
This is the Troubleshooter Show. No Tom Martino.

Speaker 5 (01:12:03):
Hello, I'm Tom Martino. Welcome to the show. We have
a studio full of guests. Major, Mark Major. What are
we you talking about today?

Speaker 1 (01:12:11):
We're talking about money, which I really love, and then
we're talking about home sales, selling your house, purchasing a
new house. We got great people in John Clace, who
of course joins us from CMG Financial, one of the
largest lenders in the country, a direct lender. Frank Duran,
the real estate man, the man that sells more homes

(01:12:32):
in one week than some realature selling an entire year,
or I should say most selling an entire year. That
Stephanie Thomas, literally the queen of the Pike's Peak region.
Whether you're looking for a mountain property up there, all
the way to Pueblo West down to like Larksborough, she's
your gal, no doubt about it. And I've known Stephanie

(01:12:53):
personally for over twenty years and her great family.

Speaker 5 (01:12:57):
All Right, so we've been talking about real estate.

Speaker 1 (01:12:59):
We talked about pre approval.

Speaker 5 (01:13:00):
Somebody wants to know how does approval pre approval work
with the all in one loan. How does that work, John.

Speaker 6 (01:13:07):
Same as a regular loan.

Speaker 7 (01:13:08):
We'll we'll go, we'll get all your documents, we'll get
everything preapproved, make sure it works for you. One of
the things we do really good job of with the
all in one loan is we make sure people are
going to qualify for it because it is we want
to make sure it works for you, you know, and we do.
We have a great online simulator that'll walk you through it.

(01:13:30):
But we do a fantastic job of putting a pre
approval together.

Speaker 1 (01:13:35):
You know. And John sat down with my daughter and
son in lockout. It's so weird saying son in law now,
probably about two weeks ago, and he pulled up when
you're in his office, and I'm sure he can do
it online too, but it's kind of cool.

Speaker 6 (01:13:49):
Tom.

Speaker 4 (01:13:50):
He'll pull up.

Speaker 1 (01:13:51):
Okay, if you did a thirty year with this kind
of money down, if you did a VA loan with
zero money down, if you did the all in one,
he can put them all up, show you when the
house will be paid off. Which, by the way, the
all in one always kicks the crap out of the
other ones. Most people pay their house off in eight
years with that loan. It's crazy, but he can show

(01:14:13):
you all the options, the cash flow options that affect
you each month, the interest rates, the time to pay
off the house.

Speaker 4 (01:14:20):
It's pretty incredible.

Speaker 5 (01:14:22):
Now, how is it that they can pay off the
house quicker with the all in one loan? For those listening,
the all in one loan is a thirty year line
of credit. It's a first deed of trust on the house.
Thirty year line of credit, you pay simple interest on
the amount outstanding. So then what you do is you

(01:14:43):
pay it up, I mean pay it down or borrow
it up. And every dime you have in the bank
with this lender also counts against your average daily balance,
which lowers your basically your your interest rate, your.

Speaker 1 (01:14:58):
Effective interest rate.

Speaker 5 (01:15:00):
How do people pay off the house quicker that way?
That's the part I don't understand.

Speaker 7 (01:15:04):
Well, it's because all your extra money sitting in so
it's really it comes down to how much you have
left over each month. For example, people always say to me, well,
I could do this by just prepaying my mortgage. Yeah,
you probably could, but you're not going to maximize it.
You're not if you have a thousand dollars sitting in
the bank. You're not going to pay it towards your

(01:15:25):
mortgage because you can't get it back out.

Speaker 1 (01:15:26):
That's what I was going to say. You pay it,
you have no access.

Speaker 7 (01:15:29):
Right, and so that's that's the biggest difference, is how
the features work together, the check and count.

Speaker 1 (01:15:35):
With the loan and the simple interest and the simple interest.

Speaker 7 (01:15:38):
And so what you're doing is you're paying. It's the
only loan of it's kind that you're paying principal first,
you're not paying you pay interest last, So.

Speaker 6 (01:15:46):
You're paying principal.

Speaker 1 (01:15:46):
I want to use the easy numbers. So if you
have ten thousand bucks, and correct me if I'm wrong,
you bring in ten thousand dollars every month, your mortgage
is three, and let's say your food, car payments, everything
else is too. So you're left with, on the average month,
five thousand a month. At the end of twelve months,
at sixty thousand dollars that was put towards the principle

(01:16:07):
of that loan that you can still access at any time. Now,
take sixty thousand times eight the average amount you paid
off your house.

Speaker 7 (01:16:16):
You're paying the same principal balance. It's the interest cost
and that's what people don't don't realize. And you know,
in the thirty year, you pay most of all your
interests the first ten twelve years.

Speaker 5 (01:16:27):
I can't believe that everyone is not doing it, or
that other lenders have not picked up on it. That's
the part I don't understand. Why haven't other lenders picked
up on this concept.

Speaker 7 (01:16:39):
Well, you won we let's say we as a company
make less money on this loan than a regular loan,
but it stays with you longer like a typical thirty year.
They might they're going to refinance or something every four
or five six years.

Speaker 1 (01:16:53):
Yeah, if you want to redo your basement or your kitchen,
or remodel your house, or upgrade your roof or do whatever,
you don't have to do a second in refi with
all the costs. You just access the equity by writing
a check.

Speaker 7 (01:17:06):
Yeah, you don't have to always start that clock over again.
So that's what's great about it is you stay with
this loan for a longer time. And it's it's really
the way that And people don't realize the most money
in anybody's life usually runs through their checking.

Speaker 6 (01:17:21):
Sure they spoke it, but it checking.

Speaker 1 (01:17:24):
You're interest in most cases like next to nothing. Yes,
and then John tell them about this part time listening
to this. How about a second house or rental income,
so you can go out buy a house to rent out.
I sure wouldn't do it in Colorado, but wherever buy
that house, you can rent it out and still have
access to the money. So let's say you have enough

(01:17:46):
to outright buy a rental house. Instead of doing that,
you use the all in one, you still have access
to it.

Speaker 4 (01:17:53):
It's crazy.

Speaker 5 (01:17:54):
Hey, Charlie, what do you want to talk about? You
have a comment on real estate? Go ahead, Charlie.

Speaker 16 (01:18:01):
Oh yeah, thanks for taking my call. Guys, Yeah, you
know that we're talking about as far as the mortgage lender.

Speaker 13 (01:18:10):
I have a question for your lender. Yeah, you know.

Speaker 16 (01:18:12):
I'm with euro Plumbing. We do repiping and and the
polybutiline issue that's out there.

Speaker 5 (01:18:17):
Oh he was on Charlie right, yeah, man, Yeah, euro
Plumbing is a great company, and I mean the lowest
price is ever. Honest to god, you won't find any
plumbers less expensive and more or better. So what did
you have to ask, Charlie?

Speaker 16 (01:18:35):
Well, my question isn't as you know, you guys are
aware of it. Because we've been on your show before.
In last year, the polybuialine piping is being called out
on the inspections when they're done, and the folks aren't
able to close on the property because of it has
to be repaired there. I mean, it has to be replaced.

(01:18:56):
There is no way to repair it, and so the
problems getting the insurance.

Speaker 13 (01:19:01):
The realtors know.

Speaker 16 (01:19:03):
It's so new and coming out in the last year
that the realators are are learning too along with all
of us. I'm just curious if you've ran into that
and what the solutions would be.

Speaker 13 (01:19:18):
I mean, I know this solution, I think Charlie.

Speaker 1 (01:19:20):
I think Charlie's Charlie. No offense to interrupt, but I
think Charlie's talking a lot about rules in rags in
other states that are just starting possibly to roll out
here like in Utah. I know that can be a
real big deal. But guys, what are your comments, especially
you John on the lender side.

Speaker 7 (01:19:39):
Well, myn on underside, and it depends on what it does,
but it's called the escro hold back kind of what
you do is you can you can sell, So like
what you guys are doing, Mark said, is is very
important to get what that cost is going to be,
because then what you're going to do is what the
seller is going to make on the sale of the house.
He say, it's twenty thousand dollars job. You're going to

(01:20:01):
do an Escro holdback and hold those in escrows if
you can close on the house, but hold those funds
and escrows and then they need to be signed off
when they get fixed.

Speaker 6 (01:20:12):
But that's one one solution.

Speaker 1 (01:20:16):
Yeah, that's a good solution.

Speaker 13 (01:20:17):
Week right now in Denver.

Speaker 16 (01:20:20):
We've been doing about two week in Denver and they
aren't allowing an Escro hold back on it, and they're
not to be fixed before they can close. No, they
are not allowing to host Escro holdback.

Speaker 7 (01:20:32):
And that might be true because plumbing that's a big issue.
So and again I don't know but that that's something
we'd have to run. But that may be true. I
just haven't come across it.

Speaker 5 (01:20:42):
So, So, Charlie, are you saying that the sellers have
to have the pipes replaced or the buyers coming in?
How does that usually work? And the deals you're you're working.

Speaker 16 (01:20:54):
Well, it's the seller, it has to be.

Speaker 13 (01:20:57):
They can either do it in an agreement.

Speaker 16 (01:21:00):
I mean we can install, you know, next day, or
we can set it up so that it's installed the
same time that everybody is signing their documents, and then
we're able to supply the inspection and that it's all
been replaced. But it really is. We're doing it two
to three to four a week in the Denver area.

Speaker 5 (01:21:22):
So and it's all because are these poly Are they
new codes? By the way, are they I need to know?
Is this law yet or is this just okay? The
lenders are asking for it? Well?

Speaker 1 (01:21:34):
Is that on the Is that on the inspection sheet?

Speaker 6 (01:21:36):
Frank?

Speaker 1 (01:21:37):
What does it say about polybutane or whatever it's called?

Speaker 4 (01:21:40):
Markets specifical engine?

Speaker 13 (01:21:41):
On there?

Speaker 10 (01:21:42):
And it's on the seller's property disclosure It is on there.

Speaker 7 (01:21:45):
They have to Yeah, they have that, okay because as
a lender, as a lender we want we don't even.

Speaker 6 (01:21:51):
Need to see the inspection report. That's between your buyer
and seller.

Speaker 1 (01:21:55):
How about on those certain loans, are they VH what
are the ones where the house has to be kind
of in tip top shape?

Speaker 11 (01:22:01):
Oh?

Speaker 6 (01:22:02):
You know, faha, v A they got to be.

Speaker 1 (01:22:04):
So do they care about that stuff now?

Speaker 6 (01:22:06):
Again?

Speaker 15 (01:22:07):
Oh?

Speaker 7 (01:22:07):
Yeah, unless it's coming out as a state as a
requirement we as a lender. I mean, if it gets
we don't look at the inspection report.

Speaker 1 (01:22:16):
I got it.

Speaker 7 (01:22:17):
But if something the seller, So it's more you know,
your buyer is going to say, hey, I'm not going
to close until this is done.

Speaker 6 (01:22:23):
You know type of thing.

Speaker 1 (01:22:25):
Okay.

Speaker 5 (01:22:25):
So in other words, then Charlie, I guess, I guess
what I want to know is this in a real
estate transaction? You know, John brought up a good point.
I don't know of the lender looking at the inspection.
So how does the lender even know that there's polybutilene
pipe in there?

Speaker 13 (01:22:45):
Well, the league doesn't if they look at the inspection.

Speaker 1 (01:22:48):
Can you hear me now, yeah, we can hear you.

Speaker 16 (01:22:51):
Does not Yeah, the lender does not see the inspection.
Sometimes they do. But what it what it pulls up
is that when the inspector, the home inspector is done,
which is done on every lead, then it's it comes
out and the people are unable to get insurance.

Speaker 13 (01:23:09):
So it has to be closed.

Speaker 16 (01:23:11):
Oh, I see leading before clothing because there's no bridge
insurance that they can get.

Speaker 1 (01:23:17):
I didn't think about the insurance aspect.

Speaker 16 (01:23:19):
A lot of people that are refinancing then it has
to be fixed. And so it's it's a huge problem
and it's only become bigger because an average loss to
the insurance company when that breaks is around fifty thousand dollars.

Speaker 5 (01:23:35):
So and it is it inevitable that it will break.
Let me ask you, Charlie, will it fail eventually?

Speaker 16 (01:23:44):
Yes, it's not a matter of if, it's a matter
of when. And oh man firm that AI basically says
that you're sitting on a kicking time bomb.

Speaker 1 (01:23:54):
That's terrible.

Speaker 13 (01:23:55):
And yeah, and.

Speaker 1 (01:23:58):
How long does it take you?

Speaker 5 (01:23:59):
How long does it take you to do a repipe?

Speaker 16 (01:24:03):
You know, depending on the size of the house. We
do take care of everything, patching, cleaning, painting, even in
the carpeted areas, we do clean the carpets.

Speaker 13 (01:24:13):
So it's a click.

Speaker 1 (01:24:15):
Phone their total turnkey.

Speaker 5 (01:24:17):
Man.

Speaker 4 (01:24:18):
Yeah, they they do.

Speaker 13 (01:24:22):
Tom.

Speaker 1 (01:24:22):
I think this is very just kind of relevant about
your What amazes me is if you see advertisements on
TV for repipe, those people are basically just you know,
they're just the marketing firm. They hire these guys to
do it. So these guys are on wholesale to the
public with repipe and they can give you a quote

(01:24:44):
right over the phone and hopefully Charlie, you guys get
that app done. You told me it'd be done in
two weeks. Is it done. That's a great idea for
an app.

Speaker 16 (01:24:53):
They can actually go right into They can go into
the go to our web page. You're a plumbing dot com,
Colorado Plumbing, Colorado dot com.

Speaker 13 (01:25:04):
Colorado dot com.

Speaker 16 (01:25:06):
Yeah, and then you just click on uh, there's a
QR code or a linked you can scan the QR
code and we don't need to visit the place. You
can do a price or in ninety seconds and be
done with it.

Speaker 1 (01:25:19):
Boy, you can't mean that's good. I got to put
you on hold. We appreciate them. Yeah, we got to
take this break. Thank you very much.

Speaker 5 (01:25:25):
As you're plumbing Colorado dot com, we have more coming
right up. Go with a sure thing Denver's Best roofer
Excel Roofing dot com.

Speaker 1 (01:25:37):
You don't pay a cent until you're content.

Speaker 5 (01:25:42):
Time for an insurance check up, free no obligation comparison
call Compass Insurance paying too much your coverage at dozens
of insurance companies find out now three oh three, seven
seven to one help. You'll think you're his only customer
when you choose Frank durand the real estate man dot
com to list your home with Remax Alliance. Three oh
three nine two zero sixteen twenty two.

Speaker 1 (01:26:05):
Hey, what's happening.

Speaker 5 (01:26:06):
I'm Tom Martino. We're talking anything on your heart or
pocketbook or anything I should say in your heart or
in your pocketbook.

Speaker 1 (01:26:17):
Give us a call.

Speaker 5 (01:26:18):
Three oh three, seven to one three talks seven one
three eight two five y five. I was just looking
at something here. Colorado right now ranks the third highest
place to live, the third.

Speaker 1 (01:26:30):
In the entire country. So why do you think? What
do you think?

Speaker 5 (01:26:36):
According to the Chamber of Commerce, it has to do
with housing and a lot of other things. Guys, what
do you think Colorado third highest place to live?

Speaker 6 (01:26:45):
I did in the country. I did hear that.

Speaker 7 (01:26:47):
I hear A lot of it is insurance costs and
things like this. Obviously, food, gas, all that, But a
lot of it is the housing and the insurance.

Speaker 6 (01:26:56):
That's what I he.

Speaker 5 (01:26:57):
It's it's becoming ridiculous. But you know what, I've said
this before. Wherever you have a lopsided rule of government,
I don't mean I don't mean one party or another,
I mean either one. If it's lopsided it's bad. It's
bad for everything. You have to have balance when you

(01:27:18):
have a lopsided government, especially that we've had in Colorado.
I mean, I swear to God, they're ruining the state.
I mean they're driving out business.

Speaker 1 (01:27:25):
Go ahead. I'm sorry, No, no, I just I never
I don't know. Why would I look at Because someone
said that the other day. I don't think it was you,
So I looked it up. What I show is cost
of living Hawaii number one, average home price seven hundred
and thirty thousand to a million dollars. Cost of living
is absolutely outrageous, followed by Massachusetts, California, New York, Alaska

(01:27:51):
is actually extremely high. In Colorado's like number ten.

Speaker 4 (01:27:56):
Where do you see number three?

Speaker 1 (01:27:58):
Okay?

Speaker 5 (01:27:58):
I see this based on Colorado Chamber of Commerce. They
have a survey that shows that the cost of living
in Colorado is increasing. The state recently ranked the state
recently raked the third most expensive place to live in
the country when all factors are considered. That's with real estate,

(01:28:20):
and that's with the cost of living the whole thing.

Speaker 1 (01:28:23):
Huh, that's crazy. Anyway, Hold on a second, mark, you
got to take over all right, threeh three seven one three, eight, two,
five five. So guys just thinking of that, Frank, do
you think, Stephanie, do you think we're going to see
a huge correction or it's simply not going to happen
in Colorado, Think of California.

Speaker 4 (01:28:45):
Think in New York.

Speaker 1 (01:28:46):
There's been in exodus. So a lot of that is
big companies. But when big companies move, what happens the
people move. So do you see Colorado, We're at the
highest we've ever been. Is that agreeable or where were
a year ago? I don't know, And I'm talking just
home pricing.

Speaker 3 (01:29:04):
Home pricing. I think we've in my market, it's the
peak that post.

Speaker 9 (01:29:09):
COVID really inflated market for a little while, same house
things go really high.

Speaker 1 (01:29:15):
So end of COVID being what twenty twenty four twenty,
what I think.

Speaker 9 (01:29:20):
In that, I guess maybe around twenty twenty two is
when I kind of saw the market start to.

Speaker 1 (01:29:24):
So you're saying a house in twenty twenty two that
was one hundred thousand, to use round numbers, is worthless.

Speaker 3 (01:29:30):
Now I'll give you a really good real life example.

Speaker 9 (01:29:34):
I had a property that I listed that I sold
that closed at five to ten, and I have relisted
that property another time since then in the mid to
high force, so we saw some decline there.

Speaker 1 (01:29:52):
So it did. Frank are seeing the same perne I.

Speaker 10 (01:29:55):
Do mark, especially though the attached market that's where I
see it the most. The single thing family markets more
kind of flatline. Year over year, We're slightly better, but
it's it's.

Speaker 1 (01:30:04):
Not that we're seeing townhomes forgetting.

Speaker 4 (01:30:06):
Oh my gosh, certain segments market really.

Speaker 1 (01:30:08):
Tells like a hunt, like a half a million dollar
town home, or we talk in twenty five percent drop,
what do we talk.

Speaker 10 (01:30:14):
That we might be talking something that maybe if they
bought for a half million, that maybe they could get
rid of now.

Speaker 1 (01:30:18):
For four and a quarter. That's incredible. That's in a
lot of that's HOA and insurance.

Speaker 4 (01:30:23):
That's a big part of it.

Speaker 10 (01:30:24):
And your type of buyer that could buy those types
of properties have been sitting.

Speaker 4 (01:30:27):
Out of the markets.

Speaker 1 (01:30:28):
You know what's crazy is I was just looking online
in a different area somewhere in Louisiana called Slidell. They
had townhomes everywhere, I mean everywhere eighty to one hundred
and twenty thousand, seven hundred and fifty to one thousand,
two hundred square feet. Think about that eighty to one
hundred and twenty thousand, some of them built in the

(01:30:49):
last five or six years. What is something like that
run in Denver Metro at the low side, like like
a thy twelve hundred and fifty two bedroom or one
bedroom whatever that is town home that's somewhat new the
last twenty years built.

Speaker 4 (01:31:04):
I'd say it'd be tough to find something under four fifty,
you know.

Speaker 1 (01:31:08):
And what help me understand what drives this economic challenge
in Colorado? I get everything costs more, but help me
out here. So if I build a condo or a
single family home, which by the way, in that same area,
a two thousand square foot home built in the last
five or six years with no issues, with no issues

(01:31:29):
and it's a nice, decent, normal neighborhood is about two
hundred and eighty thousand out here, that's six hundred and
fifty I mean seriously, right, So let's take that as
an example. Keep your mic on. Let's take that as
an example. Am I to believe a two by four
costs five times more in cal in Colorado? Why is

(01:31:50):
that home three times more?

Speaker 14 (01:31:53):
There?

Speaker 1 (01:31:53):
I understand the property where people want to live, the
property might cost more. Fine, that's fine, but I'll even
take I don't know, let's go out into the plains.
Let's go out east where there isn't much like Watkins.
What is that kind of house running Watkins?

Speaker 10 (01:32:10):
So well, I don't really go to the Watkins area
too much, Mark, but I'll say this, we had all
those people moving into Colorado. Yeah, think of this, the Californians. Yeah,
think of that COVID time. Think when race were down
to three percent, demand was insane. It was through the roof.
That's where those prices really went through and back then,
and Stephanie knows you could list a home and sometimes

(01:32:31):
go one hundred thousand over asking price during that time,
I have to.

Speaker 1 (01:32:34):
Come out of pocket. Oh yeah, because they wouldn't even
be close to appraisal list.

Speaker 10 (01:32:37):
So we had like eleven days of inventory. I mean,
we just couldn't keep up.

Speaker 4 (01:32:40):
But I go back to it.

Speaker 1 (01:32:42):
Help me understand this, John, If you know the answer,
why the same home? I get the property, But no
one's gonna convince me property in Watkins is any better
than property in Slidell or property in you know where
in Texas? Like where do your in laws with Midland?
What is that house run in Midland?

Speaker 9 (01:33:03):
You could probably get a.

Speaker 1 (01:33:05):
Three fifty four fifty So why is it six fifty
seven here? Is it because the two by four costs more?
Is it because the home builders out here just put
the screws to us? What is the reason the difference?
And I being serious?

Speaker 4 (01:33:20):
What is it?

Speaker 1 (01:33:21):
I don't know? John? What is it on the lending side?

Speaker 4 (01:33:24):
You saw you did my son's loan.

Speaker 1 (01:33:26):
He's got basically a half a million dollar house in Nebraska,
and just the garage in the six acres here anywhere
along the front range would be.

Speaker 4 (01:33:36):
One point five million.

Speaker 1 (01:33:37):
How is that even possible?

Speaker 6 (01:33:40):
Cost of labor? I don't know.

Speaker 10 (01:33:41):
It's just it's all labor supplying demand, supplying demand in
certain areas too, so the builders.

Speaker 1 (01:33:47):
But I just Poulty does KBH Does it cost him
that much more to build a home in these other places?
Or do they simply stick it to us?

Speaker 11 (01:33:57):
Well?

Speaker 1 (01:33:58):
It's everything.

Speaker 5 (01:33:59):
I mean, look at the tax situation, taxes, energy, the
cost of living so.

Speaker 1 (01:34:06):
Bitterly the Tom you have built so many neighborhoods I
don't even know. You had probably built I don't know
what fifty neighborhoods fourteen Okay, fourteen, I was a little off,
but fourteen neighborhoods. So when you go to build a house, why,
I know you did mostly just the infrastructure and put
the neighborhood together, But why does it cost just the house,

(01:34:26):
forget about the property. Why does it cost so much
more to build a house here than in Texas, Oklahoma, Louisiana, Kansas,
North Casca, New Mexico.

Speaker 5 (01:34:38):
You could hear, you're right, Mark, You're right, even if
the building materials all come from the same place. But
you have to look at the add ons, the add
ons for the local economy for everything, like it all cascades,
like the cost of living is just higher. It all
boils down to taxes and the cost of products in services.

(01:35:00):
I mean, you have to look at the local economy
and that's what drives prices up. It's not that the
building materials are more expensive. It's that the cost of
doing business is more expensive. That's what makes it more expensive,
just like in New York or California, the cost of
doing business and and a lot of that is politics.

(01:35:21):
A lot of that has to do with local factors
like energy, like employment, like you know, taxes, just it
all cascades. All it all comes down the slope and
like a big snowball. And then wherever you are, the
snowball that gathers the least size has the lowest prices.

Speaker 1 (01:35:44):
I mean, I I just grapped it, and I just
use KB Home And I'm not picking on them as
someone that works for and lives here. I said, does
KB Homes make a much better profit in the Denver
metro area and a new home than say, anywhere in
New Mexico? And yeah, absolute. Basically they make more money here.
They make a higher growth profit in dollars and in

(01:36:05):
margin here in Colorado. So they stick it to us,
in my opinion, they stick it to us.

Speaker 5 (01:36:11):
Yeah, maybe that's the case.

Speaker 1 (01:36:13):
I mean, but.

Speaker 10 (01:36:14):
Also guys builder restrictions getting homes on the market, That's right,
you run into this.

Speaker 1 (01:36:18):
That's where Tom said, all the red tape.

Speaker 4 (01:36:21):
Oh yeah, absolutely.

Speaker 1 (01:36:23):
Think about the poor people in California. These people lost
their house in these fires and they still haven't started rebuilding.
Talk about red tape. My god, it's been what a decade.
I'm joking there, but it's been forever.

Speaker 13 (01:36:38):
All right.

Speaker 5 (01:36:38):
We have more coming up on the Troubleshooter Show. Liberals
go with a sure thing Denver's Best roofer Excel Roofing
dot com. You don't pay a cent until you're content.
Time for an insurance check up free, no obligation. In comparison,

(01:37:00):
Hall Compass Insurance paying too much your coverage at dozens
of insurance companies find out now three all three seven
seven to one.

Speaker 1 (01:37:07):
Help.

Speaker 5 (01:37:07):
You'll think you're his only customer when you choose Frank
durand the real estate Man dot com to list your
home with Remax Alliance three all three nine two zero
sixteen twenty two. All right, Tom Martine with Major, Mark Major,
Go ahead, Mark, what's happening?

Speaker 1 (01:37:29):
Okay, We've got a lot of cooking. In fact, I
want to say something about behind the scenes. If you
don't check out our YouTube channel, you're absolutely crazy. I
was kind of on a uh, I don't know a
tyrrand but hold on, and I'm still kind of I'm
still kind of upset about this. So Mayor Bass in California,

(01:37:53):
and I'm gonna go to our guests in a second.
But Mayor Bass, first of all, if everybody remembers, as
soon as Trump won, those fires happened in California, they
all sat down at this round table. You had a
new scum, you had Bass, you had all these scum,
and here's what happened. Here's what happened. They all said,
we're gonna cut all the red tape so these poor

(01:38:14):
people can rebuild. You know, we're over a year and
nothing has happened. Literally, nothing has happened. These people can't rebuild.
They lie. But here's the one that drove me insane.
Tom Mayor Bass said in the last week, here's the
duest thing they're gonna pay for. Let's remember the debt.
In fact, California owes a ton of COVID money back
to the Feds, which they'll be going after. These guys

(01:38:36):
can't budget anything, even if they are the largest economy
as a claim that they have no they don't add
to budget anything. She's gonna start putting people that are
on meth meth heads. They're gonna give them implants for
their teeth. Free implants for meth heads. I swear to God,
that's what she said. That is the most amazing thing

(01:38:59):
I've ever heard. Free teeth for meth heads. Now tell
me why that makes any sense. First of all, what
is the recidism rate for meth Does anybody know I
four percent?

Speaker 5 (01:39:10):
They're four percent kick the habit, they say four nine failure.

Speaker 1 (01:39:16):
So her whole thing is, you can't get a job
without teeth. Okay, fine, you can't get a job without teeth.
Well that's fine. Most people aren't going to get off meths,
so it doesn't even matter. They're not going to have
a job. It just absolutely drives me insane. Now I digress.
We're talking about buying selling homes. We're talking about the

(01:39:37):
state of real estate in the state of Colorado. Please
someone put that together so I can use that in
the future. We also have John Clace. He is with
CMG Financial, one of the largest lenders out there. Any
questions you have on lending, I mean, we don't think
maybe other lenders have said no, your income's not there,

(01:39:58):
but you're self employed and know you incomes there. You
might fudge with the irs a little bit, or however
you want to look at it. This guy can do
all kinds of loans. They're one of the largest out
there of the lines of credits. But let's go to
Carrie real quick because he has an update on the moving.
Then Charlie with youro plumbing had one more comment, Charlie
hank tight. I promise we'll get back to you. But Carrie,

(01:40:20):
what is going on with you?

Speaker 17 (01:40:24):
Shut out to Tom?

Speaker 4 (01:40:27):
Yeah, when did you call?

Speaker 13 (01:40:28):
Last?

Speaker 14 (01:40:29):
Due?

Speaker 13 (01:40:30):
About a week and a half ago.

Speaker 1 (01:40:32):
I'm looking for your call. Oh my god, carry are
you the one that was on air and had the
movers at your house?

Speaker 13 (01:40:39):
Yes, Holy crap.

Speaker 1 (01:40:41):
Retell this story. Someone retell it. I only heard it
in and out, So tell the story again.

Speaker 17 (01:40:48):
So this is a friend of mine and the mover
showed up. They were promised when his wife contracted with
the person.

Speaker 13 (01:40:58):
On the phone said, or not. We're not a broker,
we're a mover.

Speaker 17 (01:41:02):
We'll bring a semi we'll bring seven people, take the
furniture apart, loaded all. They showed up the morning they
were supposed to with three guys and two rental trucks
and looked.

Speaker 13 (01:41:15):
At the house and said, well.

Speaker 17 (01:41:17):
It'll be together. It's contracted for twelve thousand dollars. Put
thirty five hundred dollars down on a credit card boards.

Speaker 1 (01:41:24):
Yeah, oh man, we lost you keep going. They put
thirty five hundred dollars down. They showed up. They wanted more.

Speaker 17 (01:41:35):
They wanted twenty two thousand dollars more to Yeah, I
remember this.

Speaker 13 (01:41:40):
Welcome to Tennessee.

Speaker 15 (01:41:42):
Ye.

Speaker 17 (01:41:43):
And Tom's advice was tell them to get.

Speaker 16 (01:41:46):
Off your property, right, don't do it.

Speaker 17 (01:41:49):
Touched one thing, right, don't do it.

Speaker 1 (01:41:51):
That's right, said call.

Speaker 17 (01:41:53):
Johnson moving in storage. So Dan did Johnson had a
rep there within a half an hour.

Speaker 1 (01:42:00):
Wow, And they actually so he actually chased the scumbags
out of there though, right, like literally pretty much.

Speaker 17 (01:42:08):
Well, they were gone by the time he got there
because they hadn't good anything.

Speaker 1 (01:42:12):
God, that makes me feel good.

Speaker 5 (01:42:14):
And I told him, I told him, even though he
put a deposit down, don't let that drive a bad deal.
Don't keep putting good money after bad.

Speaker 13 (01:42:24):
Yes, Gary carry.

Speaker 6 (01:42:27):
Do you know if he disputed the did carry?

Speaker 18 (01:42:31):
Did your friend dispute the charge? He got his money
back from the credit card?

Speaker 1 (01:42:36):
Oh? Good, good, this is a great story.

Speaker 5 (01:42:39):
Hold on, bro hold on, I need to do this
because we averted a tragedy.

Speaker 1 (01:42:45):
He would have listened. That wouldn't have been the whole thing.

Speaker 5 (01:42:48):
When they got to the destination, they would have hit
him up again for more money.

Speaker 1 (01:42:52):
Did you know that?

Speaker 13 (01:42:54):
Yes, that's what I told me. I listened to you.
But he doesn't.

Speaker 5 (01:42:58):
Okay, say his loss his loss.

Speaker 13 (01:43:00):
Skill on the air. That's right, you know, and and
you know, bacon.

Speaker 5 (01:43:06):
Wow, we'll add that to our total because this guy
would have been ripped royally. Carrie, I am honest to god,
I am so happy. And it brings back the original
reason I do this show to keep people from getting
ripped off?

Speaker 1 (01:43:19):
Man?

Speaker 5 (01:43:20):
Does that feel good? Thank you for the follow up,
by the way, I appreciate it. You know, these these
these movers, I swear to God, Mark it gets old.
How many times have we heard this?

Speaker 1 (01:43:31):
Oh, it's just case after your case. Remember we had
Deputy Smarty Marty back in the day. He actually tracked
down one of these movers in South Florida and showed
up at their place. And funny enough, do you remember
what their place was? It was a mailbox, et cetera.
That's right, that's right.

Speaker 5 (01:43:50):
And then he went and found where they were. He
was crazy. And and by the way, here's what it is. Yes, okay.
They they do a deposit, right. The person you give
the deposit to is nobody. It's a broker. He sells
that contract then to the next person. Their job is
to get more money from you. When they come to

(01:44:11):
pick it up and they think your back is against
the wall. They said, you need to pass more money. Right,
So in this case, the guy didn't do it, but
in most cases.

Speaker 1 (01:44:21):
They pay more money.

Speaker 5 (01:44:22):
Then they take it to another guy who wants to
deliver it, and he wants to get even more money.
So you get hit three times, sometimes four times, and
by the time you're done, they have taken you to
the cleaners.

Speaker 1 (01:44:36):
My god, it's terrible. All right, Marc, Charlie, I guess
wants to talk. Hey, Charlie, you had another comment.

Speaker 6 (01:44:42):
What was it?

Speaker 1 (01:44:45):
Charlie, Oh, real quick?

Speaker 13 (01:44:47):
Sure know how hard that is for me?

Speaker 1 (01:44:50):
Yes? I know, yes, So he wants to listen. They're
going to be doing some Hold on, Charlie, Tom, listen
to this. You're gonna love this. They're going to be
doing some long form advertising with is like Fuller and
like other people good. And I said, there is no
way Charlie's doing it. Charlie couldn't stick to two minutes.
If I if I gave him one hundred dollars every

(01:45:12):
time he did it, no offense, Charlie, Go ahead, sir,
that's you know, that's a compliment. Charlie.

Speaker 13 (01:45:21):
Yeah, but it's just a passion.

Speaker 1 (01:45:24):
Yeah, I know, that's why I'm saying it.

Speaker 16 (01:45:26):
Anyway, a couple of really quick points. We have a
special financing program for those folks trying to solve this
problem through closing no interest for twelve months to use
it as a bridge so after they get paid off
and it's not treated in the house. As far as timing,
that was a question you guys asked earlier. In most cases,

(01:45:49):
we can come in and do up to a four
bathroom house as far as re pipeing it in one day,
and we.

Speaker 1 (01:45:57):
What's approximate cost on that four bathroom? What to approximate costs?
I want to put you on the spot. What's approximate costs?

Speaker 16 (01:46:03):
I don't have that one sitting in front of me,
but yeah, I don't have that one right in front
of me. Three bathroom is about twelve thousand dollars twelve grand.

Speaker 1 (01:46:10):
A lot of people are over twenty grand on this stuff. Tom,
I know we we got to break though. We have
to right now.

Speaker 5 (01:46:18):
All right, go with a sure thing Denver's Best roofer
excel roofing dot com.

Speaker 1 (01:46:26):
You don't pay a cent until you're content, wait.

Speaker 5 (01:46:31):
Time for an insurance checkup, free no obligation comparison call
Compass Insurance paying too much your coverage at dozens of
insurance companies. Find out now three oh three seven to
seven to one help. You'll think you're his only customer
when you choose Frank durand the Real Estate Man dot
com to list your home with Remax Alliance three oh
three nine two zero sixteen twenty two.

Speaker 2 (01:47:01):
So you don't have run in stats? Can shoot is
gonna help? Come man?

Speaker 4 (01:47:12):
This is the Troubleshooter Show. No Tom Martino.

Speaker 5 (01:47:17):
Hello, I'm Tom Martino.

Speaker 1 (01:47:19):
Welcome to the show.

Speaker 5 (01:47:20):
This hour brought to you by Appleair. That's Air with
an Eappleair dot Com in business forty years, started by
Todd Terry and his two sons, and they run the
business to this day with the best guarantees and warranties
in the business. They use Dyke in equipment with twelve
years parts and labor six years full replacement with no

(01:47:43):
pro ration. Appleair dot Com three O three seven three
three twenty eight thirteen Major Mark Major. Let's get to
these phones.

Speaker 1 (01:47:54):
Yeah, I'll tell you what we got lines full right now,
but I want everybody to remember what we do. We
saw for answered questions take complaints. We have recovered over
three hundred million dollars in cash, merchandise exchanges, refund services,
and if you need help, I want you to tell
your neighbors. I want you to tell your friends. We
don't care where you come from, where you're at anywhere

(01:48:17):
in this country. We even have people that listen to
us via YouTube and Russia. But you can email us
for help at any time at help at troubleshooter dot
com or leave a message when we're not on the
air at three zero three Martino. Now, Shane, what is
going on with you? How can we help you today? Shane?

Speaker 19 (01:48:38):
Yeah, guys, thanks for taking my call.

Speaker 12 (01:48:40):
I am getting ready to.

Speaker 19 (01:48:41):
Move from Colorado to Arizona next month. I am going
to move the house myself, but I think I need
to transport one of my vehicles. Oh, looking for a
good company to take care of that for me.

Speaker 1 (01:48:55):
Hey, Shane, I'm going to chime in on that, and
Time will chime in. He's used a few. He shipped
JFR cars. You can google them or easier just go
to go to our website, go to referral list dot
com start typing in JFR. They can source it because
they ship cars all over They'll have different bids of
different trucks that they trust go into Arizona in your

(01:49:16):
timeframe and just get you the best deal. So that's
one of the ways to do it. But I want
to ask you something, because we have talked about this
a thousand times over the year. When it comes to moving,
what are you actually packing up and moving? Are you
doing it in a U haul? What are you doing.

Speaker 19 (01:49:32):
I'm doing half of it in a pod, which is
going out to Arizona sooner than I am.

Speaker 1 (01:49:38):
Like, what's in the pod? Let's just talk about the pod.
What's in the pod?

Speaker 4 (01:49:42):
Like?

Speaker 5 (01:49:42):
What?

Speaker 19 (01:49:44):
Just whatever I can fit in there?

Speaker 1 (01:49:46):
Just so you're bad it couch and share. So how
much do you think the pod in the other half
of the stuff you're moving, how much do you think
all of that is going to cost you? I'm just curious.
Let's say everything goes right and the quote is right
and everything's great, how much door to door do you
think that's going to run? Totally? Just curious. You have

(01:50:08):
no idea where I'm going.

Speaker 19 (01:50:10):
Yeah, it's gonna be a little bit below around five
grand I.

Speaker 1 (01:50:14):
Believe, okay now, and I want you to be dead honest,
what in the pod in whatever else you're moving, however
else you're moving it for the five grand besides keepsake
stuff like pictures, family heirlooms, whatever, what could not be
replaced for five thousand dollars. I have this argument with
people all the time. We know people that pay twenty

(01:50:35):
thousand to move and their stuff at best is worth
twelve thousand. So I just want to make sure you're
not in that boat.

Speaker 19 (01:50:44):
Yeah, so you're asking that all myself is worth more
than five thousand.

Speaker 1 (01:50:48):
Right, exactly right? Or you could more substantially more. Is
it worth more?

Speaker 19 (01:50:55):
I would say it's probably double.

Speaker 1 (01:50:57):
Yeah, Okay, think so, I think that makes sense. But
I just want you and everybody else think about it.
But JFR Cars, does that answer your question?

Speaker 19 (01:51:06):
Yes, it does.

Speaker 1 (01:51:07):
I appreciate your call. Okay, Yeah, And then I want
to ask this, Dimitri. You've used a interstate mover or
we've referred them, and this is for people that are
actually hiring a mover. What's the name of that company.
We've never had a complaint on them.

Speaker 4 (01:51:21):
Who is it, Tom?

Speaker 18 (01:51:22):
It's a company I've known since the nineties. It's a
local company. They're an agent of Mayflower. It's called Bueller Mayflower.

Speaker 1 (01:51:30):
Ye, and good people and.

Speaker 18 (01:51:32):
Rich Giglio over there as the sales manager and he's
my contact.

Speaker 5 (01:51:35):
They're a real mover.

Speaker 4 (01:51:36):
They're real mover.

Speaker 6 (01:51:37):
Yeah.

Speaker 18 (01:51:37):
They have their own trucks, their own people, and they're
part of the Mayflower network. Ever complained and Mark They're
going to be our in studio guest. Okay in a
couple of weeks.

Speaker 5 (01:51:47):
Hey, By the way, I have a one that I've
used Baja b A Ja Baja Auto Transport, and I've
also used JS Juliet Sierra JS Auto Transport and they
have been very good, So you can look those up.

Speaker 1 (01:52:06):
Hey, Daniel, what's going on with you? What is this question?
Daniel Daniel's son? Oh?

Speaker 13 (01:52:15):
Sorry, been hear you?

Speaker 1 (01:52:16):
Yes, sir, go ahead.

Speaker 15 (01:52:18):
Hey, So I kind of got like two questions for you.
It's like kind of one A and one B.

Speaker 13 (01:52:22):
Situation.

Speaker 1 (01:52:24):
Okay.

Speaker 15 (01:52:25):
So I worked an apartment maintenance and I live on
the property that I did maintenance with, and so I
signed a month to month lease that had a employee
addendum on it.

Speaker 5 (01:52:38):
And what is what does that mean? What does that mean?
A month to month with an employee addendum?

Speaker 1 (01:52:43):
Tell me what that means, yeah, so long as you
work there, it's covered or what.

Speaker 15 (01:52:49):
So basically I had a rental discount.

Speaker 1 (01:52:51):
Okay, got it not.

Speaker 15 (01:52:53):
Extained for my services. It wasn't like in lieu of
wages or anything like that. It was just a benefit discount.

Speaker 5 (01:53:00):
There an employee discount, an employee discount.

Speaker 15 (01:53:05):
Basically, yeah, exactly, an employee discount.

Speaker 1 (01:53:08):
Okay, so month to month employee discount. What happened.

Speaker 15 (01:53:13):
So basically I put in my notice, my resignation, and
I quit the job last Thursday, and they, basically, despite
me paying my rent for may have said basically, I
have till tomorrow to get out.

Speaker 1 (01:53:31):
No, Sody, no.

Speaker 15 (01:53:35):
And so basically I wanted to just read you the
you know, the termination addendum, and I want to know if.

Speaker 1 (01:53:44):
It's Daniel and Tom. I want to go a certain
direction here. Daniel, I'm going to get Brad O'Brien on
to hear this. So I don't even want you to
go any further. But my gut says, these people are
just playing hardball. That's idea. But let's try trying to
scare him. And then in the meantime, I want to
take Jeroline, Jeroline Jeline, I'm sorry if I'm mispronouncing that,

(01:54:09):
But what's going on with you?

Speaker 4 (01:54:12):
I was hoping you could advise me on a good painting.

Speaker 8 (01:54:16):
Contractor in the Fort Collins.

Speaker 1 (01:54:18):
Area for inside, outside the whole house. What are we
talking about? Well, I wanted I don't know if you could.

Speaker 5 (01:54:27):
Give me a ball park.

Speaker 4 (01:54:28):
Figure what it might cost to paint on the outside
a thirteen hundred square foot.

Speaker 1 (01:54:34):
Well, we have some good painters.

Speaker 5 (01:54:37):
We have some good painters at referralss dot com Mark,
but I'm not sure if they go up north.

Speaker 1 (01:54:41):
Well, I think Genesis would do it, and he might
give you a ballpark over the phone and you can
pull up their phone number. I'm pretty sure he would
go up there for an exterior. I think he's got
a group up there. But genesistotalexteriors dot com. Genesis as
in the beginning, ennisis Total Exteriors Jarolene, and I think

(01:55:03):
they'll give you a quote right there. And they did
my house. They are absolutely fantastic. The price was right
and it looks like they painted it yesterday, but it
was five years ago. Yeah, they do great work.

Speaker 5 (01:55:16):
And then I don't know if Steve the painter star
quality painting on the referral List. I'm not sure they
go up that far, but you might want to check
with them. We have a good a lot of people
love them. And then pat Patriot Painting Professionals. You can
find all of these at referral list dot com. Just
put paint in the search bar referral list dot com.

(01:55:37):
You'll find Steve the Painter, which is star quality painting.
You'll find Patriot Painting Professionals. Of course, we talked about
Genesis Total Exteriors there range.

Speaker 1 (01:55:49):
I know they go up there. I don't know if
the other ones do.

Speaker 5 (01:55:51):
And you'll never go wrong with Genesis if you want
to call them Genesis Total Exteriors.

Speaker 1 (01:55:56):
So Jarreline, there's that for you. We appreciate your calling.
More importantly, we appreciate the trust you put in us. John,
what is his question? I'm buying a car.

Speaker 17 (01:56:07):
Okay, Hey, I am looking for a new truck. I've
had my truck for probably, I don't know, fifteen years, Dodge.

Speaker 13 (01:56:13):
Ram fifteen hundred, it's got about two hundred and.

Speaker 11 (01:56:15):
Twenty thousand miles.

Speaker 4 (01:56:16):
I'm ready to buy a new one, but I don'teel.

Speaker 13 (01:56:18):
Like doing all the research.

Speaker 1 (01:56:20):
I'm just wonder if you guys could recommend me nice
or will drive a new truck.

Speaker 13 (01:56:25):
I don't care Forge, Chevy too, I don't.

Speaker 1 (01:56:27):
Care something that's Toyota, reliable, Toyota.

Speaker 14 (01:56:31):
I mean, what size?

Speaker 1 (01:56:32):
What size do you want? What size bigger like a
full size truck? You know, Tundra you.

Speaker 5 (01:56:39):
Want to you want a Tundra, Toyota. Tundra has the
best ratings around.

Speaker 1 (01:56:45):
And great resale. It costs more than a lot. But
then I'll tell you what Kevin will say. Kevin will
say Kevin will say Ford, and then Jeff Vick would
say Chevy, and that's literally what they drive. But they
will both admit that the Tundra is probably the best resale.
And then I'm going to tell you one more thing, John,
I brought this up in the last call. If you

(01:57:06):
really want to make the buying experience not only easy,
but get the best price, call up JFR. Ask for
Rod Greer and JFR will shop all the dealerships around
the country to find the best price on what you want.

Speaker 5 (01:57:22):
And then they're really good people. JFR, Juliett Foxtrot Romeo,
JFR Cars and let me get you I got his
number right here, Go ahead, It's three.

Speaker 1 (01:57:34):
H three five to zero sixty eight thirty nine. Yeah,
so let's do this. We have Brad O'Brien, he's gonna
come up right after the break. We're going to dig
in to that question about this poor guy that's getting
evicted with seven days notice. Never heard of such the thing.
And then we have an update check this out, an

(01:57:56):
update on Vinnie the Plumber.

Speaker 5 (01:57:59):
Oh good, go with a sure thing Denver's Best rufer
excel roofing dot com.

Speaker 1 (01:58:08):
You don't pay a cent until you're content.

Speaker 5 (01:58:13):
Time for an insurance check up free, no obligation in comparison,
call Compass Insurance paying too much your coverage at dozens
of insurance companies find out now three o three seven
to seven to one help. You'll think you're his only
customer when you choose Frank Durand the real estate Man
dot com to list your home with Remax Alliance three
oh three nine two zero sixteen twenty two. Hey Tom

(01:58:40):
Martina here with Major, Mark Major.

Speaker 1 (01:58:42):
What's happening Mark? We're going to talk to next Let's well,
we're gonna get right to the phones, but I want
to remind people we've got some of the best real
estate people in house. Today. We got John Clace and
he is with CMG, and these guys loan out two
billion dollars a month. They're one of the largest in
the country. No middleman. They do reverse mortgages. And on

(01:59:04):
top of that, they do they're the only company I
know that does a thirty year line of credit. They
can do cash out to pay credit cards. But the
bottom line is, because they're direct the underwriters, everybody's right there.
The time frames quick. If you're a contractor or someone
that has interesting situations. They don't just look at income.
They can look at acid base, they can do anything

(01:59:25):
you can imagine. That's kind of the bottom line. But
give John a call, and I want to get this
out there. In fact, I'm just going to give you
the website Partner in Lending dot Com. It'll bring you
right to John splash page Partner in Lending dot Com.
Then Frank durand the real estate man who has helped
me out numerous times. Tom, I think Frank still holds
the record. You're selling the highest or getting the most

(01:59:47):
money for the condo you sold here in the Tech Center.
Do you guys still hold that? Yup, we still hold the.

Speaker 5 (01:59:53):
Record at that development.

Speaker 1 (01:59:55):
Absolutely. Then we have Stephanie, Thomas said, every time she's on,
we have call call up going. I use Stephanie up
in the Pike's Peak region, and that's anywhere up there.
I mean she'll go up around even Pueblo West, No,
Larkspur and everywhere. I think the message is clear.

Speaker 5 (02:00:11):
And I'm really serious when I say this, Mark and
I will not take on a crappy client.

Speaker 1 (02:00:16):
We just won't do it, honest to God.

Speaker 5 (02:00:18):
I mean that's the God's honestly, we won't do it now, Teresa.
This Vinnie thing has me really curious. Vinnie the plumber
attempted to fix your toilet for two hundred bucks. It
was leaking. He couldn't do it. He said he would
go back out there and take another look. He said
he was sick. That's why you hadn't heard from him

(02:00:40):
in a while. And he seemed like a pretty good guy.
He didn't sound to us like a ripoff.

Speaker 1 (02:00:46):
Well, I want to remind you this as man. Correct
me if I'm wrong. But you called up and Vinnie
was gonna come on, but then he hung up multiple times.
Am I thinking of the right guy? Yeah, you're thinking
of the right guy. Yeah, you are. I don't know
how somebody talk to you.

Speaker 15 (02:01:00):
No.

Speaker 5 (02:01:00):
I think Bo talked to him and said, you know,
the guy's not a bad guy. He wasn't overcharging her.
He made a mistake and he was going to make
it right. At least that's what he said. So Teresa,
where are we at?

Speaker 12 (02:01:12):
Yeah?

Speaker 4 (02:01:13):
Yes, yes, Teresa.

Speaker 15 (02:01:15):
He called me right after I talked to you, and
he came out yesterday and then install a new toilet and.

Speaker 16 (02:01:22):
Charging just for the toilet.

Speaker 1 (02:01:24):
Oh my god.

Speaker 13 (02:01:24):
That wasn't the problem but his work.

Speaker 16 (02:01:27):
They didn't know what was wrong with the league.

Speaker 8 (02:01:29):
It was that I couldn't get him contact.

Speaker 13 (02:01:32):
With him for two weeks.

Speaker 1 (02:01:34):
Teresa, you are the reason we do this show. That's right.
We are so happy it worked out. We are. I'm
gonna I'm calling you.

Speaker 8 (02:01:42):
Really helped me a lot.

Speaker 5 (02:01:44):
Tom Slipper the Dinger please, yeah, you deserve that Dinger.

Speaker 1 (02:01:49):
Don't be afraid Teresa very much.

Speaker 5 (02:01:52):
Now, Teresa, Teresa, you said you're ninety five years old.

Speaker 1 (02:01:57):
Yes, oh my goodness, Oh.

Speaker 5 (02:01:59):
My goodness, as my mom would say, God love you, Teresa.

Speaker 1 (02:02:03):
Hey, what's the secret, Teresa? What's the secret? Honestly, I
don't know. God's been good to me.

Speaker 8 (02:02:10):
I guess I have no secret.

Speaker 1 (02:02:12):
That's a good way to put it.

Speaker 5 (02:02:13):
Yeah, that's really a good way to put it.

Speaker 1 (02:02:17):
Okay, that's it there. Hired Vinny. That's why you hired
Vinny the plum.

Speaker 5 (02:02:23):
Oh my god, all the stereotypes are coming.

Speaker 8 (02:02:26):
Out now, good old Carrion.

Speaker 5 (02:02:29):
Okay, Teresa, that's thank you, ter Yeah, you come from
good stuff.

Speaker 1 (02:02:34):
Boy, you're not kidding there. Hey, Keith, what's going on
with this?

Speaker 17 (02:02:37):
H o A Uh, well, thank you. I have an
HLA that's refusing to come out and clear a active
backup stewer line backup in my kitchen because they said
until I agree that if it came from either my

(02:02:58):
unit or the unit of ball me, unless I agree
that I pay half the cost of it, they won't
send someone out.

Speaker 5 (02:03:07):
Well, you know what, Tom, I know, I know what
they're doing.

Speaker 1 (02:03:11):
I know what they're doing. Keith. They're saying this, they're saying.

Speaker 5 (02:03:14):
They will send someone out, but if it turns out
not to be the common area, if it turns out
to be your local service line or the service line upstairs,
you have to pay half of the cost with the
guy upstairs, or if it's just your service line. You
have to pay for that service line. I mean, that
is not unusual. However, it is unusual that service lines

(02:03:38):
in a condo are not considered HOA responsibility.

Speaker 1 (02:03:42):
Frank, correct me if I'm wrong.

Speaker 5 (02:03:44):
I always thought the sewer lines and everything behind the
drywall was the HOA responsibility.

Speaker 10 (02:03:49):
No, boy uh, exterior but interior wise, boy, Tom, that's yeah, no,
because I always still trying to think youre but you
know what, here's what they're doing them right next to you.

Speaker 1 (02:04:03):
I mean, Dimitri's got a condo and there was leaking
in the walls yet.

Speaker 5 (02:04:07):
But are the sewer lines in your condo development? Are
they considered common property?

Speaker 6 (02:04:13):
Yeah?

Speaker 18 (02:04:13):
Everything that's out, that's outside the drywall is mine. Everything
inside the drywad just the opposite is just the.

Speaker 5 (02:04:19):
Opposite, just the opposite of what you're saying. You mean
inside your unit from the drywall, inn.

Speaker 6 (02:04:24):
That's mine.

Speaker 4 (02:04:25):
Yes, and then inside the wall.

Speaker 5 (02:04:27):
It's outside your condo, right, get the way to put it.

Speaker 18 (02:04:30):
Yeah, So everything that I can't see basically is HOA
responsibility and HOA property.

Speaker 5 (02:04:37):
But I wonder if that's you know, is this a
town home or a condo.

Speaker 17 (02:04:42):
It's a condo, but I understand what they're trying to do,
but it feels like blackmail because this is the fifth
backup I've had in two years, and it's it's almost
always and I can tell you this time, I haven't
been to the condo in a month, and they they

(02:05:02):
they it seems to me a warranty of habitability issue
if they won't even get the drain cleared and then
say okay, yeah, but what.

Speaker 1 (02:05:10):
What well, what we'll warranty of habit? You're not renting?

Speaker 4 (02:05:13):
You own it?

Speaker 1 (02:05:14):
Right? Do you own it?

Speaker 17 (02:05:15):
No?

Speaker 13 (02:05:15):
No, I'm renting.

Speaker 4 (02:05:16):
Yeah, before are you renting from an owner?

Speaker 5 (02:05:20):
Then well then it's the owner. It's between you and
the owner. It's between you and the owner.

Speaker 1 (02:05:26):
Yeah.

Speaker 17 (02:05:26):
It won't let me call my own guy to get
him out there to clear the line, because they said
they I.

Speaker 1 (02:05:31):
Have you know what time we got. Let's let's bring
up Brad O'Brien's been listening to this. We have him
on for Daniel, which we'll do after the break. But Brad,
just listening to this deal with Keith. Do you have
any input in it?

Speaker 6 (02:05:44):
Yeah?

Speaker 12 (02:05:44):
I think that you're right that the h U a
UH normally is responsible for common times and things that
serve multiple units, but if it serves one particular unit,
then the homeowners normally responsible for that as well as
the warranty. Habitability is something that applies to a landlord,

(02:06:05):
not to an HUA.

Speaker 5 (02:06:07):
Yeah, but your landlord should be taking care of this.
Your landlord should be dealing with them. Why are you
dealing with them?

Speaker 13 (02:06:16):
Well, I just haven't.

Speaker 17 (02:06:17):
I called him because I came home to a sewer
line backup, So I called the HOA to say, Hey,
I need this this line.

Speaker 1 (02:06:22):
Why wouldn't you call the landlord?

Speaker 13 (02:06:25):
Well?

Speaker 17 (02:06:25):
I did, but the landlord hasn't responded yet, and that
the landlord can't hire their own person either. They've got
to use the HOA. And the HOA is saying, whether
it's me or the landlord, they're going to say, you've
got to agree to this. And I'm like, that's not right.
You don't know what the problem.

Speaker 1 (02:06:41):
Is, Daniel Brad tell me if I'm wrong or Tom,
but he he needs to deal with the landlord, him
dealing with the HOA. They don't have to do anything
that's right. Here. Here's here's how it works, Keith. Let
me explain this.

Speaker 5 (02:06:55):
The HOA is going to go in there and if
it's common sewer line, the HOA is responsible. What the
HOA wants to know is if they go in there
at their expense and it's not their problem, are you
or the landlord willing to fix it because it's your fault?

(02:07:17):
And that's what you there's nothing unusual about that agreement.
It's not blackmail. It's like they're just saying, look, if
it's our problem, we'll pay for it. But if it's
your problem, you have to agree to pay for it.

Speaker 1 (02:07:30):
And the what ability you brought up, you're absolutely right.
If you can't flush the toilet or it backs up,
you do have a way out of the lease. But
that doesn't mean you can force this guy to do anything.
But you do have a way if you do it properly,
to get out of the lease. But you might not
want to do that.

Speaker 5 (02:07:47):
But you should not be dealing with the HOA if
you don't have the authority to do that, yet.

Speaker 1 (02:07:53):
You buil a contractual agreement with them. Whatsoever.

Speaker 5 (02:07:56):
Yeah, you can't say you're going to pay for the repairs.

Speaker 1 (02:07:59):
You don't own the unit. So if your landlord will not.

Speaker 5 (02:08:02):
Respond to the HOA, then you're gonna have to invoke
a warranty of Habitability Act and you will have to
leave that condo and and just leave it because your
your landlord's not answering you.

Speaker 1 (02:08:17):
We got to take this break. When we come back,
Brad O'Brien, I appreciate you waiting so long. But when
we come back, Daniel is getting evicted. They told him
he gets seven days. Yeah, we'll see if we'll see.

Speaker 5 (02:08:31):
Why go with a sure thing Denver's Best roofer Excel
Roofing dot com. You don't pay a cent until you're content.
Time for an insurance check up free, no obligation. In comparison,
call Compass Insurance paying too much your coverage at dozens
of insurance companies find out now three oh three seven

(02:08:53):
seven to one help. You'll think you're his only customer
when you choose Frank durand the real estate Man dot
com to list your home with Remax Alliance three oh
three nine two zero sixteen twenty two. Hi Tom Martino
here at three oh three seven one three talks seven
one three eight two five five. By the way, Apple

(02:09:15):
Air for the best warranties in the business. Equipment twelve years,
parts in labor, six years full replacement and there's no
pro ration on that. Get it from a company in
business for forty years, the Terry family. That's Todd, Shane
and Dylan, and that is Appleair with any there appleair

(02:09:36):
dot com. Okay, let's talk about Daniel's question or whatever
the question is. Daniel, go ahead, you're on with Tom
and Major Mark Major.

Speaker 1 (02:09:48):
Oh we so hold on, let me catch up. We
got Brad O'Brien on for him. This guy, so Brad,
I'm gonna bring up Brad too, Brad. This one's this
one's a little weird and I want you to ask
whatever question, but I'll set it up real quick. This
guy was doing work in a complex, so he actually
worked for him. Because he worked for him, he got
a discount on a thirty day month to monthly, so

(02:10:12):
as long as he was working there, he got this discount.
But it was a month to monthly, so he decided
to get another job, but didn't want to stop living
there for whatever reason. So he understands he won't get
the discount, but apparently the people got mad because he
quit and told him he had to be out in
seven days. Daniel, did I recap that properly?

Speaker 13 (02:10:36):
Yeah? Just about? Yeah?

Speaker 1 (02:10:37):
All right, Brad, ask whatever questions you have for him.

Speaker 12 (02:10:42):
Okay, Well, did you have a written agreement like lease agreement?

Speaker 15 (02:10:46):
Yeah? The leads agreement had a employee addendum, which there
is like a section five in the addendum that basically
talks about determination process. However, is the addendum even enforceable
in the city of Denver?

Speaker 1 (02:11:07):
Why wouldn't it be? Well, if I put in there,
if you don't pay rent, I get your excuse me,
I get your first born. I would assume that's not enforcement. Yeah.

Speaker 5 (02:11:16):
Yeah, but but I don't think it's unconscionable if that's
what he's asking.

Speaker 1 (02:11:19):
But go ahead, Brad O'Brien.

Speaker 5 (02:11:21):
I mean he has an addendem in there that says
as long as he's working for them, he gets a discount.

Speaker 12 (02:11:26):
Right, Okay, so did they Does that attendum states the
minimum number of days they have of notice they have
to give you to move out?

Speaker 14 (02:11:36):
Yeah?

Speaker 15 (02:11:37):
I can read the section five. It says if an
employee cause ceases being employed by the employer or working
at the property on a full time basis for any reason,
employees and remaining residents right to occupy the apartment shall
automatically and immediately terminate in which case employee and remaining
residents will vacate the apartment within seven days after such termination.

Speaker 1 (02:12:00):
Does that supersede the laws for tenants and landlords?

Speaker 5 (02:12:03):
Spread?

Speaker 12 (02:12:04):
Well, yeah, let me say something first, which is that
it first sounded like a month to month tendency, because
that's what you told me. But then this clause actually
changes that to essentially a tendency. It will tendencies at
will are terminable at any time on three days notice. However,
this is employee housing, so that that trump's all this

(02:12:28):
because employee housing is not subject to the normal ten
day waiting period, and the notice to terminate employee housing
is three days. So if they give you a seven
that's far more than they're required.

Speaker 1 (02:12:41):
To give you. Wow.

Speaker 13 (02:12:43):
But but actually, but so.

Speaker 15 (02:12:46):
I just add, I just add they actually sorry, I'm
not trying to answerrupt they actually terminated my discount months ago,
and so I don't have any you know, dis count
with them currently.

Speaker 13 (02:13:01):
I haven't had a.

Speaker 15 (02:13:01):
Discount and I'm about five months with them. Does that
change anything?

Speaker 1 (02:13:05):
Or you were paying full price for five months?

Speaker 13 (02:13:10):
Yeah?

Speaker 15 (02:13:10):
Yeah, So for the month of May I paid market rate,
and I've been paying market rate since.

Speaker 1 (02:13:15):
December Okay, why have you been paying market rate? Could
you quit back in December? Yeah, but that's what I
want to know.

Speaker 5 (02:13:22):
Did he terminate it back in December when they started
charging you more?

Speaker 15 (02:13:28):
No? No, So the termination of the discount was another
thing that was in like the employee handbook, which basically
said that if rent over the course of the employment,
if I'm late on rent three times, that I lose
that benefit, which that ended up happening in November. So

(02:13:49):
I lost the discount effective in December. And so I've
been paying market rate since December.

Speaker 5 (02:13:55):
You've been paying regular rent to them since December? Does
that change things? So you were no longer an employee
or you were, but you weren't getting the discount.

Speaker 4 (02:14:04):
When did you quit?

Speaker 19 (02:14:05):
I was?

Speaker 15 (02:14:06):
Yeah, I was an employee, but I was not receiving
the discount.

Speaker 1 (02:14:09):
When did you quit?

Speaker 15 (02:14:12):
Last Thursday? O?

Speaker 1 (02:14:14):
God, Brad, go ahead, you finish.

Speaker 11 (02:14:17):
Yeah.

Speaker 12 (02:14:17):
It's a question of fact whether or not this employee
housing was somehow recharacterized as regular non employee housing. It
doesn't sound to me like it was because you only
quit last last week. So the the discount is really
a separate issue. That's Yeah, that's just a matter of contract.
How much is the rent? The big question is this
employee housing? Because employee housing does have a shorter notice

(02:14:40):
determination period three days versus the normal ten.

Speaker 1 (02:14:43):
How would you determine if it is? You would have
to like read the entire agreement or what? How does
that work? Brad? How do you determine if it was.

Speaker 12 (02:14:50):
Determined only only adjust to got it ultimately?

Speaker 1 (02:14:54):
But my but to give him an idea, though.

Speaker 12 (02:14:57):
Yeah, it sounds to me like this was this was
still employee house because you only quit.

Speaker 1 (02:15:01):
Last Okay, and let me, Brad, let me ask you this.
As far as let's say he doesn't want to leave,
I mean, as far as truly getting evicted, I assume
the sheriff it still has to be a regular eviction.
In other words, the sheriff needs to come out. They
can't go in there and force him out at gunpoint
or anything. So it would probably take thirty plus days.

Speaker 12 (02:15:25):
Of course, the normal eviction sketchy supply, but the landlord
cannot file that complaint for eviction until that seven day
notice period is over and he's still there.

Speaker 1 (02:15:34):
So he could easily be there another forty five to
sixty days for a sheriff shows up.

Speaker 12 (02:15:39):
Yeah, practically speaking, all.

Speaker 5 (02:15:41):
Right, Dan, Remember he lost the discount, but he lost
the discount for being late on rent. But as Brad said,
he was still working there and it was still considered
a benefit, so to speak. And so now they want
him out, they can get him out.

Speaker 1 (02:16:00):
And it sounds like because it was employee housing. I
never thought of that before. Brad says, that's a whole
different deal. Hey. By the way, anybody out there, especially landlords,
think of that call. We just had think of what
Brad just said. If you do not have your current leases,
whether it's commercial or for residential people, you call Brad.
He's going to look over it for you. He's got

(02:16:22):
flat ray pricing. If you need help with an eviction,
if you're getting evicted and need help olslaw dot com.
We got to take a break. Oh right, I want
to tell you Law dot com.

Speaker 5 (02:16:33):
Since we're talking real estate, Vestera can help you become
a landlord. Go to this website and find out more.
My biggest return dot Com