The Rent-ish Pod

🏠 Why Millennials Aren’t Buying Homes, The White House & Listener Q&A!

• Zach and Patrick • Season 1 • Episode 2

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In episode two of The Rent-ish Pod, hosts Zach and Patrick explore the real reasons Millennials aren’t buying homes, diving into a thought-provoking news article that unpacks shifting housing trends and financial pressures. Then, get ready for an insightful segment of Proptology, where they break down everything you need to know about The White House—yes, the actual building! Finally, the hosts answer questions from listeners, offering expert advice on everything from first-time homebuyer struggles to navigating rental agreements.

🏡 Whether you're looking for the latest housing trends, historical insights, or answers to your burning real estate questions, this episode has it all!

🎧 Tune in now for fresh takes, expert opinions, and listener-driven discussions!

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SPEAKER_00:

What's going on, everybody? Welcome back to the Rent-ish podcast. I'm Zach, and I'm here with my co-host, Patrick. What up? And we're just a couple of real estate rookies diving headfirst into the world of real estate, real estate investing, and property management. Whether you're starting out like us or just here for the laughs, we got you covered. We're getting into a rhythm. Are you feeling it? Are you feeling the magic in the room? I'm feeling

SPEAKER_01:

the magic still.

SPEAKER_00:

You never sounded so confident. Still

SPEAKER_01:

a little early in the morning here, but I've got my coffee this time, so things are gonna get crazy.

SPEAKER_00:

Yeah, I think you were a little blown away when I told you I was up at 6 a.m. this

SPEAKER_01:

morning. Yeah, that is actually, like, insane. I do not understand that. Wait till you're 30. Just wait. It's coming, buddy. What do you do for, like, The

SPEAKER_00:

first hours. Walk the dog, make coffee. I played a little bit of Dragon Age of the Veil Guard this morning. You know, did a couple side quests. Got the morning off to a good start. You know, saving the world. Sounds

SPEAKER_01:

like a productive use of

SPEAKER_00:

your time. Oh, definitely productive. And then I signed on and did actual work. You know, the boring stuff. Nice. So, yeah. All right. It's going to be a good pod today. I'm very, very excited. We've got some big questions and iconic stories in real estate. First, we're going to dive into why millennials aren't buying homes and the reasons behind this generation's homeownership struggles. They might surprise you. Next, we're going to do a fascinating deep dive. Patrick, are you ready? I am ready. Okay. Coffee in hand. Coffee in hand. We're going to talk about my generation. Do you classify as a Gen? I'm

SPEAKER_01:

very much a Gen Z. Gen Z. I was born in the year 2000. Okay.

SPEAKER_00:

So we're going to go through a whole new story that's basically just about my side of the table. So feel free to commentate just about as much as you want. Millennials and home buying. This was from an article from Investopedia recently that was very good. Did you do your homework on this one? Are we going 0 for 2? Yes. Oh, Patrick. All right. We're, you know, hey. It's all right. I'm going to learn you a thing or two on this. I missed

SPEAKER_01:

the links at the top when the producers put them there. Sure. Producers. No, I'm not going to blame. That's my bad. I'm going

SPEAKER_00:

to be honest. Producers can't argue for themselves because they don't have a microphone. That's true. We can blame everything on them. How about that?

SPEAKER_01:

Yeah, that sounds true.

SPEAKER_00:

So millennials face significant barriers to homeownership, including rising costs, stagnant wages, and student debt. In this episode, we'll explore the key reasons behind their delayed entry into the housing market. So the big question, why do millennials struggle more with homeownership than previous generations. Thoughts, Patrick, from the Gen Z.

SPEAKER_01:

My initial thoughts as somebody who has not read the article is houses are a lot more expensive now. I talked to my uncle who bought a house sometime in the 2000s, nice house. He bought it for like$110,000 or something like that. And it's pretty much like tripled or quadrupled in price since then. And I know a lot of friends who are just like living at home now, saving up, saving up, saving up, living at home for several years that we don't have to pay rent. That way they can buy a house sometime when they're in their 20s.

SPEAKER_00:

Yep. Yeah, that checks out. I mean, I think that that's probably the easiest way. bullseye on the dartboard with not reading the article, costs are rising. Mortgage payments, as a rule, should not exceed 25% of a homeowner's monthly gross income, and anything above that suggests they can't afford the home, which means that buying a home is just not going to be as easy for millennials because the affordability gap is widening between home values and income levels. Basically, you got a graph with a line on it, right? The X line, the income is not like really rising at all. It's like kind of just like going right in the middle and then the home cost line is just shooting right straight into the air. So it's like, you know, the further away we get, the farther apart that barrier becomes. So way outpaced wage growth, making affordability just a huge challenge for first time buyers. I'll say too, like just for me personally, you hear all these stories about, it's like, I think my grandparents bought their house for like a bag of magic beans or something like that. And they were able to get this like beautiful, like six, mansion and then it's like you know nowadays that house would be worth like 800 million dollars right so yeah it definitely is a bit depressing when you think about that what's going on today but yeah stagnant wages and job instability wages have not kept up with housing costs many millennials face underemployment or gig work making it harder to secure a mortgage millennials are burdened with student loans delaying their ability to save for a home although i don't necessarily think that that's like just a millennial problem can you speak on student loans as a gen z i mean

SPEAKER_01:

obviously i mean like i feel Like Gen Z is like just starting to become adults. So I feel like Gen Z could probably get grouped into this whole article that is aimed towards millennials who are more like in the buying market for houses. But Gen Z is like starting to get to that point and honestly probably has it worse in a lot of ways because prices have just got continue to get up. Right. As you say, like over time. income is kind of staying the same house prices are rising so it probably applies to gen z as well

SPEAKER_00:

yeah

SPEAKER_01:

i would say so yeah and like call in like college prices too rising

SPEAKER_00:

yeah college prices holy cow i i saw i this is totally not related but yeah i saw some article recently where they were comparing like the top 10 most expensive schools and like what those tuitions costed like a decade ago compared to today and it's like good freaking god yeah oh yeah school is so expensive so expensive yeah it's like do you want to go to school for four years or do you want to Do you want to buy a house? Lifestyle preferences. Another thing here. Delayed marriage and family milestones mean homeownership is often postponed. So people are marrying later, starting families later too. Like this is a big thing with the younger generations. Like they're not so quick to rush into a lot of those things. Renting offers more flexibility, especially with the rise of remote work and urban living preferences. And this is a thing for me too is that like I love– I love Cincinnati. This podcast is founded in Cincinnati. Beautiful, beautiful, sunny Cincinnati, Ohio. Well, today it's not really sunny. You picked the wrong day to say that. Yeah, but I love Cincinnati. It's my home. I've been here basically my whole life and I would love to buy a home in Cincinnati, but like it is crazy how, like just the high cost of everything here. It's like completely out of reach for so many people my age. So I got a couple questions for you. Is renting a long-term solution for millennials or do you feel like eventually it's going to shift focus? Like there's going to be a lot of people. There's a lot of people renting right now, but do you feel like an overwhelming majority of those people are going to move into home ownership?

SPEAKER_01:

To be honest, I'm not sure. I think most people would like to. I don't think people, if you're going to spend money every month, I think a majority of people would rather build that equity towards a mortgage payment and eventually a house that you own outright. But with that said, in order to buy a house, you need a substantial down payment. And these things that right now don't seem achievable for a lot of people, you know? So I would like to hope that the solution to this problem will come about in the next 10 years or so. I just, I'm not, I can't say I'm that hopeful though.

SPEAKER_00:

Yeah. I don't know what to think. I mean, it's just kind of one of those things that you kind of just take it day by day and figure out what happens, but renting is not a problem. I actually, I mean, I rent a house. I really enjoy where I live in the neighborhood that I live. And I think that one of the biggest things is like just not having to worry about all the things that go into the ownership aspect of it. I'm still paying for like all utilities and stuff like that but we had an old water heater go out on us and that was like a big big big big big financial burden for the landlord but that was not a burden for me just escalate a maintenance ticket whatever and let them know like hey we got this problem we need to get this solved it's not my responsibility to fix a water heater that's in this other person's house that i'm renting so that's a positive right you buy a house you spend all this money and then you also have to think about what happens if there's a explosion i don't know why that That was the first thing that came to my mind. But I was like, what happens if the yard gets wrecked or the tree falls down? You got to think about all those extra costs as well.

SPEAKER_01:

And I agree with you. I'm in my 20s. I'm not married. I don't know exactly what my life will look like. I like renting right now. At the end of my lease, I can move if I wanted to. Like you said, don't have to worry about maintenance. But one day, I do want to own a house. And one day, I would also like to own a rental property and rent that property out. Right now, that's not looking feasible for at least the next several years for me.

SPEAKER_00:

One of my best friends... When he first got into homeownership, he bought a four-family, four-unit house. And then he lived in one of the units and rented the other three out. And that basically, over time, helped him get enough money to be able to buy his own place and then rent the other unit out that he was living in and then just keep going with that other property.

SPEAKER_01:

Yeah, I have a friend who did a similar thing, buy a duplex. And that's what he recommended to me. He's like, buy a duplex, live in one, rent out the other. Quadplex, if you can. But it seems like a great idea.

SPEAKER_00:

Sure, seems like a great idea. idea. You just got to have the money to get it in the first place. So that's a problem. But yeah, student loans, job instability. We talked about that kind of stuff earlier in the article. But I mean, yeah, I mean, that's that's all a huge factor. I don't know. You got student loans, right?

SPEAKER_01:

I was fortunate enough to where I got a really good scholarship. And then my parents invested in one of the 529 ahead of time. And so, yeah, they With the scholarship and with that investment, I'm blessed to not have student loans. And I didn't realize how much of an advantage that put me at over some of my friends who are paying hundreds of dollars every month in student loans.

SPEAKER_00:

Yeah. Well, you went to school to study film. Yes. And so now you're a podcast host, a very successful podcast host. Yes, right. It's paying off already, man. You know what I'm talking about? All right. So, you know, we already kind of talked about the trajectory here. But millennials, financial challenges, shifting preferences, delayed homeownership Home ownership, but changes in affordability, job security, and lifestyle trends may impact future decisions. And we're just going to kind of have to keep monitoring these stories as they pop up and can't predict the future. We just have to wait and see what happens. Right. Thanks for the insight, Patrick. I

SPEAKER_01:

agree.

SPEAKER_00:

All right. Well, we're going to shift focus to one of my favorite segments, proptology.

SPEAKER_01:

Proptology with Patrick. So today on proptology, we're talking about one of the most famous houses in the world. That is the White House. Of course, I am talking about the residence of the president of the United States located in Washington, D.C. You know what I'm talking about, right?

SPEAKER_00:

I think I'm familiar with this house. I think. Yeah. I think I've seen it in one or two movies.

SPEAKER_01:

Kind of underground. Kind of underground. Kind of underground. No. It is

SPEAKER_00:

underground, right? Secret tunnels.

SPEAKER_01:

Oh, I didn't even think about that.

SPEAKER_00:

There's got to be secret tunnels. There's got to be. Yeah. Oh, yeah. Big time.

SPEAKER_01:

But yeah, obviously one of the most famous and easily recognizable houses in the U.S. and the world. Serving as the house, the workplace for the president and the headquarters for the president's staff members. It was finished building in 17 No, 1800. It started in 1792. So pretty old. What is that 200? 30

SPEAKER_00:

issues so it started they started production on the house in 1791 but they didn't finish it for nine years

SPEAKER_01:

yeah that's what i saw and actually so george washington chose the spot for the white house in washington dc temporarily the u.s government was kind of being headquartered in philadelphia during this time when they're in construction with with the white house and whatnot so it's they picked the location in 1791 it was finished completion in 1800 so john adams was actually the very first president to live in the White House George Washington wasn't even in the White House at any point

SPEAKER_00:

okay interesting do you think George was he was like I've got this vision like it's gonna be the best house ever it's gonna be great

SPEAKER_01:

I think he was and actually he and Thomas Jefferson decided to run a design contest for it and a guy named James Hobson an Irish architect he won so I don't know if I don't know if it was necessary George Washington's vision but he chose James Hobson the man with the plan

SPEAKER_00:

oh yeah okay so they your you're imagining think about this this is this is Lin-Manuel Miranda's next project here is selecting the design for the White House yeah like you got like multiple different like sheets and like all these drawings of what the house could have looked like I bet there are some wacky designs

SPEAKER_01:

I bet you I would love to see the designs that didn't win yeah

SPEAKER_00:

James Hobson that'd be interesting to look up like some of like maybe get some photos for like his other properties like yeah he's designed like I wonder if they all kind of have that same sort of vibe

SPEAKER_01:

right George Washington did kind of lead the whole thing so he was responsible for commissioning the construction choosing the site, approving the design. So James Hobson's, obviously his design was approved by George Washington.

SPEAKER_00:

Where did they live before? You said they lived in Philadelphia before then or whatever, but that makes sense. It's like you've got a lot of history in Philadelphia, Liberty Bell. I'm no scholar, but I did recently just rewatch National Treasure and National Treasure 2 Book of Secrets. Both of them? Yeah, back to back. Do they hold up? First one does. Second one is a little, it's a little iffy. That's the

SPEAKER_01:

one where they, the second one they find the city of gold, right?

SPEAKER_00:

Yes, they find the city of gold, and the big thing is I'm going to kidnap the president of the United States of America. That's my Nick Cage impersonation.

SPEAKER_02:

Oh, they do.

SPEAKER_00:

Yeah, he kidnaps, what's his name? He was in Fallout House of Usher. I like that. Bruce Greenwood. Bruce Greenwood's the president in National Treasure 2, and they kidnap him. I

SPEAKER_01:

remember what he looks like.

SPEAKER_00:

Yeah. It's the president's secret book. Area 51 is in there, all that good stuff. Yeah. That I'm talking

SPEAKER_01:

about. Okay, yeah. I do. I'm trying to think the last time I saw those. It's been probably 10 years at

SPEAKER_00:

least. I recommend going back and re-watching it. That first one is probably one of my most re-watched movies of all time. Oh, really? Because that came out back in 2004 when I was just starting to get into adult movies that weren't animated, Disney, Pixar, cartoons. It was like, oh. I can appreciate film like Nicolas Cage. And the real stuff.

SPEAKER_01:

That's the one. They're kind of blurring together. The first one is where they've got the map on the back of the Declaration

SPEAKER_00:

of Independence. That's correct. Yes. You passed.

SPEAKER_01:

And then they are in Philly in that one, right? Yes.

SPEAKER_00:

Because they go to the Liberty Bell. Yeah. They go to the Liberty Bell and Liberty Hall where it's Benjamin Franklin and the bioptical glasses or whatever. Yeah.

SPEAKER_01:

Okay. Wow.

SPEAKER_00:

But in the second one, they do go into the White House in the second one to infiltrate the office because there's like the resolute desks that the president has that also the queen has in london so they go to buckingham palace and the white house resolute desks in both offices How about that? How about that for some movie trivia? Nick Cage, come on the podcast. Email questions at therentishpod.com. We'd love to have you on here.

SPEAKER_01:

So speaking of kidnapping the president in National Treasure 2, there actually is a secret entrance in the White House. Yeah. Like all high-profile buildings, the White House has a secret entrance for the president as well as secret visitors. I don't know what secret visitors means.

SPEAKER_00:

That sounds super sketchy. Super ominous. Yeah.

SPEAKER_01:

But it opens onto H streets, which I have no idea where that is, in Washington, D.C., and passes through two tunnels and an alleyway before arriving at the White House basement. I don't know if I'm allowed to say this on the podcast.

SPEAKER_00:

Either it's going to be a really good segment or everything's going to be redacted and we're not doing another episode. Yes,

SPEAKER_01:

if we disappear next week, I think we all know why. The secret entrance was actually designed in part of response to World War II. It was an underground bomb shelter built beneath the White House. Super fascinating.

SPEAKER_00:

I got an idea. Hide and go seek in the White House. That would

SPEAKER_01:

be awesome. would be so

SPEAKER_00:

fun can you imagine to tie it all back to the Airbnb whole thing from the previous week's episode imagine if you could do like a one night Airbnb experience and rent out the White House for a bachelor party or something yeah that would be awesome play the most epic game of hide and go seek that you can possibly imagine

SPEAKER_01:

that's if I was to visit the White House that's the main thing I'd want to do is play hide and seek for sure

SPEAKER_00:

yeah oh secret tunnels secret paintings I'm sure that it's like a Scooby Doo mansion where you've got like the paintings with the eyes that you can look through just to spy on people in the other departments yeah it's gotta be just the most booby-trapped house of all time. If we were gonna book that thing on, so imagine you wake up tomorrow and you're like, I'm gonna book the Airbnb, I'm gonna take a nice romantic trip to the White House and book the White House on Airbnb. How much do you think that would go for, man? One night, Airbnb? Yeah, let's go one night, pre-taxes, no cleaning fee.

SPEAKER_01:

No cleaning fee? Do whatever you want. I'm going to say$13,000.$13,000

SPEAKER_00:

for one night?

SPEAKER_01:

I don't know. I really have no frame of reference here.

SPEAKER_00:

I mean, if given the legal clearance, I could say one night, Airbnb, rent out the White House. I'm going 20,000. 20,000.

SPEAKER_01:

Okay.

SPEAKER_00:

I'm going 20,000. I feel like that's an appropriate round number, but in terms of like renting it, I wonder if there's facts on here about the cost of the building, like cost for production. But I would, I would be curious to know like what it would rent out for as like a tenant.

SPEAKER_01:

I mean, the estimations of what it's worth are between$110 million and$286 million. Jinkies. So that's like the estimations, how much it's worth. I don't really know how you figure that out for a, for a white, the white house or the president. It's not like you're ever going to really sell that, you

SPEAKER_00:

A radical new government move is like, oh, we're going to start renting out the White House. Come on, stay in the White House, everybody. This national

SPEAKER_01:

debt's out of control. Make a quick buck. It is free of charge. If you just want to go to the White House, it's free to the public. They let in 500,000 visitors every year.

SPEAKER_00:

Yeah, did you do the typical high school trip to Washington, D.C.?

SPEAKER_01:

I did, yeah. I didn't go into the White House. I didn't eighth grade. Didn't go into the White House. Went to some of the museums and stuff.

SPEAKER_00:

A lot of the museums are awesome. I love them. I loved seeing all the national history there. It's really, really cool. But yeah, the White House itself, I think we walked past it, but we didn't get to do the tour. Any other cool factoids you got for me, or are you going to transition on over?

SPEAKER_01:

I think I've talked everything there is to talk about the White House. I don't think there's any other information I left out.

SPEAKER_00:

I think it was fabulous. Great job. Let's go

SPEAKER_01:

ahead and transition

SPEAKER_00:

over. Love Propetology. I think you're doing such a great job of hosting it, and I'm excited to see where this segment goes from here. What other fun buildings can we find and talk about? If you have a building a historic place, email us at questions at therentishpod.com. All right. Welcome back to The Rentish Podcast here. We're going to go switch over to some listener questions. Patrick, people emailed the show. How about that? That's crazy. Is it crazy? We've been asking people desperately. We're like, please email the show. Email us. We love questions. We

SPEAKER_01:

have real questions.

SPEAKER_00:

Yeah. And we're going to read through all of them. If you email the show, odds are you're probably going to get on it. So remember- Questions at therentishpod.com. Email us your questions. Email us all this stuff. There's nothing that we won't touch unless we decide to not touch it. Right. Nothing else besides what we choose. Exactly. Yeah. Or at least what our producers filter to us. All right. So we got three questions today. Do you want to kick it off first or do you want me to?

SPEAKER_01:

I

SPEAKER_00:

can

SPEAKER_01:

kick it off. Go for it, buddy. All right. Question number one. Listener is Emily from San Diego. Recently purchased her third rental property. And she asks, how can I ensure my rental property complies with local laws and regulates? Hmm. What do you think?

SPEAKER_00:

What do I think? I think that you need to talk to somebody that's an actual adult because I don't know. But I mean, obviously, you got to understand your local housing laws. I mean, you got to like consult with a legal representative. I mean, in some way, shape or form, probably don't use Google Insights or whatever the AI Google tool is. You probably want to make sure that you're actually going to a government resource. Make sure that you're getting it straight from the horse's mouth and that you're not just taking someone's suggestion like, you know, forms. can be good too like I you know I'm just throwing that in there whenever I have questions on like anything around like housing or any of that kind of stuff like you know forums are a good place to do that too but you want to make sure that for this you're going to a real local real estate attorney like someone that someone that knows the law someone that can speak it someone that can give you the right information and staying updated on code compliance too big deal make sure that like health and safety regulations are both exactly where they need to be and smoke detectors carbon monoxide alarms ventilation like all those typical things that you would hit for a property like that You want to make sure that you got all those checked.

SPEAKER_01:

Right. And then tenant rights, notice periods for rent increases, eviction, legislation, all of that. I need to stay up to date on that. And like Zach said, definitely consulting with a local attorney who specializes in real estate is what you're going to want to do. I mean, certainly the internet is a good place to start. Right. You know, as long as the sources are respectable. But definitely just to cover all your bases, talking with an actual expert in the matter. Because legislation changes depending on where you live, right? That's a good point. So definitely consult a local expert.

SPEAKER_00:

We're trying. We're trying our best here. And we're gonna get real experts. People in here are gonna be able to educate us on things like this. Zach and Patrick, maybe not the best legal representation, but we're gonna learn you a thing or two about real estate. Yeah, especially for San Diego. I don't know about that one, so. All right, Josh from Denver, Colorado, wrote in, and he's an out-of-state investor, and he wants to know, how do I handle tenant disputes or conflicts?

SPEAKER_01:

What do you think? Oh, that turns table. So handling tenant disputes and conflicts, first and foremost, keep communication open with the tenant and make sure it's well documented.

SPEAKER_00:

Yes.

SPEAKER_01:

Very important to have that well documented. Also, mediation over confrontation is generally a pretty good rule of thumb. So rather than like immediately escalating a situation, try to mediate the conflict, offer solutions that benefit both you and the tenant, compromises, repairs, timelines that work for both of you, financial adjustments if that's the situation because ultimately it would be better for everybody to settle the situation yourselves rather than having to go to court, which is expensive and time consuming and not fun for anybody.

SPEAKER_00:

This really greatly differs. You have to imagine based on like whether you're a landlord that's just like kind of like a mom and pop landlord that's managing like one or two like little properties or if you have like a building to manage. Like one of the things that we've got here in our notes is that like you can get a neutral third party, like a property manager or legal professional. Obviously legal professional is one thing, but But a property manager, a lot of mom and pop landlords out there don't have that kind of thing, so you have to mediate the conflict yourself. You actually have to intervene personally. You can't just send somebody to go do that, maybe. I mean, you could hire someone, but that might not be cost-effective for you. You've got to weigh your options there.

SPEAKER_01:

Right, right. It's also important. I mean, you have a legally signed document in the lease agreement. And so you need to follow what your lease agreement outlines. That's one of the reasons it's important to have taken the time to make your lease agreement cover all of the bases in a situation that might arise with your tenant down the road. And really the last step is if you have to, then legal action might need to be pursued. Everything else that we've suggested should take priority. Yeah, for sure. Cool. Last question here is from Jasmine, she's out at Houston, Texas. She owns several rental properties and recently experienced storm damage. Yikes. Yeah. What steps should I take if my property is damaged by natural disasters, she asks. A few things you can do, Jasmine. First, obviously, review your insurance policy. Most policies cover some level of natural disaster damage. Yeah. But make sure you clarify what specific events are included, such as, I mean, floods. fires, earthquakes. I'm assuming if it's out of Houston, it's probably not a fire, but you know. I guess it could be. You never cross anything out. Sorry, Jasmine. Yeah. But yeah, obviously consult your insurance and you can contact your insurance provider as well. So you need to file a claim as soon as possible. Document the damage. Again, documentation is key. Photos, videos, et cetera. Keep a detailed inventory of whatever's destroyed, any items, any parts of the property, structural damage. That'll help with the claim process.

SPEAKER_00:

Yeah. For sure. And, you know, you might need to just jump right in and do some like temp repairs. I mean, like immediately taking care of like things that are impacting the property that can be fixed or taken into account right then and there. Cause you know, you might file, be able to file a claim with your insurance provider, but it might take a little bit of time for that to get the ball rolling. So you might actually have to just step right in and like figure out, you know, Oh, the joys of home ownership is what they call it. Like where it's like, you got to really figure out what you need to do, what tools you need, how to get in there. Maybe you need to hire like an immediate maintenance guy to come over and take a look at things. Right. Right. Right. Right. And

SPEAKER_01:

speaking of that, after the disaster, checking in with local building authorities to ensure that the property is actually safe and up to code before allowing the tenants to move in. For sure.

SPEAKER_00:

And preparedness going forward. I mean, I've got friends that live in Orlando and they recently just went through like Helene and all that stuff. And, you know, he sent me a text message of the emergency preparedness. Like literally a couple days before everything got really, really crummy and the storm hit the mainland, he had a map drawn out of the house where all the different stuff was, what their plan was in case things got really bad, where they would go, making sure they had the list to checkmark things that they had to do, all that stuff. That could be a great thing that you have for your tenants, like safety measures for your tenants, evacuation plans, emergency contact information. It's not a bad idea to have that information in the house if you're renting an apartment unit maybe consider like laminating it putting it in the apartment making sure like hey keep this in your records like make sure you have this information text it to your tenants so they have it digitally like all that stuff and additional insurance coverage might be necessary as well right okay cool cool

SPEAKER_01:

thanks listeners for asking questions

SPEAKER_00:

yeah thanks for writing in and talking to us we appreciate hearing from every one of you if you have a question remember questions at therentishpod.com and that's about it all right Patrick Been a busy one. How about that?

SPEAKER_01:

Yeah, been a busy one for sure.

SPEAKER_00:

Yeah, we fit a lot of insightful information, not including but not limited to Nicolas Cage films about stealing the president and the Declaration of Independence. But we also answered a bunch of listener questions, talked about millennials and the housing situation currently in the country and the world. And it's been really fun. Thanks for talking property management with me here today. Yeah, thank you, Zach. All right, well, we'll see you guys next time for another episode of the Rent-ish Podcast. I'm Zach, he's Patrick, and we'll see you later.