🌍 Climate Change, Churchill Downs & Listener Q&A!

In this episode of The Rent-ish Pod, Zach, and Patrick explore 

• how climate change could impact home values, breaking down key insights from a recent news article. 
• Then, real estate expert Mary Ragano joins them for another exciting round of Guess the Jargon, testing their knowledge on industry lingo. 
• Finally, they answer listener-submitted questions, tackling everything from market trends to rental tips.

🏠 Have a question for us? Email us at questions@therentishpod.com, and we might feature it in a future episode!

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Transcript

SPEAKER_00: 0:25

What's going on everyone? I'm Zach and I'm here with Patrick. What up? We're your hosts for the Rent-ish podcast, a podcast that's kind of about rental properties and hosted by two guys that work in the real estate industry and sort of know what they're talking about. But mostly we don't. That's right, Patrick. Mostly we don't. It's your catchphrase now. I like that. Which is why you'll have fun hearing us talk to experts and learning with us or laughing at just about how little we know. Today's episode, Patrick, we got a good one for you. We're gonna talk about climate change and all of the news around that and how it impacts the real estate market. We're also gonna talk about Churchill Downs, which is a history of iconic buildings segment, and then we're gonna wrap it up with listener questions. I'm excited. Yeah, it's gonna be a good one. How you doing, buddy? You doing okay today? Doing good. Coffeed up once again. Coffeed up once again. So you're doing your afternoon coffees now. You're getting caffeinated before the show I'm not I'm not doing morning I used to have a green tea with honey every morning but I'm trying to cut that I don't want to be like an addict you know what I mean but like on days where I need an extra boost like before the podcast yeah a little bit of black coffee never hurt anyone oh you drink it black I'm drinking well with like like sugar and cinnamon that's not black that's sweet oh well okay oh it's fine it's sugar and cinnamon is that what you said yeah I mean in the office we got like a brown sugar cinnamon like thing I just go like you know, just dump it in there and then add some like just powdered sugar, like white sugar, whatever you call that. Got it. Yeah. When I drink coffee, it sounds like how I drank coffee when I was a kid. Like when I wanted it to look cool, I would just pour sugar, endless amounts of sugar in the coffee thinking that I was like, cool. Cause it's like, Oh, adults drink coffee. I want to drink coffee. Oh, okay. Wait, how are you? Do you just drink it like straight black or do you add? So hot coffee these days in my older years, I've been drinking it with a splash of unsweetened vanilla oat milk. Okay. But that's about it. I, I typically prefer black iced coffee, black hot coffee. See, when I'm at a place, I'll get a vanilla oat milk latte. But I'm not making that. We're going through the work of doing that. The curing can't do that. Absolutely not. Yeah. All right. Well. I'm going to switch gears. You want to talk about property management and real estate? Yeah, let's do it. That's why we're here. Okay. All right. How climate change could impact your home value. Okay. Patrick, did you read the article? I forgot to read the article. Okay. Didn't do my homework this time, unfortunately. 0 for 2. Love it. With climate change becoming a growing concern, homeowners are starting to see its impact on property values as extreme weather events and environmental risks reshape real estate markets. So there's an article. We'll link to it in the show doc, I'm sure, or something like that. But it's from the U.S. News website talking about how climate change may impact homes. They dive into a lot of really interesting stuff here. Main key points of the article, risk zones and market trends, homes and areas vulnerable to floods, wildlife. Wildlife. Vulnerable to wildlife. Homes and areas vulnerable to floods. Australia. Wildfires. I can't say this

SPEAKER_02: 3:42

word. Homes.

SPEAKER_00: 3:44

Wildfire. Is that what you're trying to say? Thank you, Ben. Yeah, I'm just going to have you say that. Or hurricanes face higher risk impacting their attractiveness to buyers. So basically saying with the way that the world is going with climate change, temperatures rising, stuff like that, different environments just becoming different in general, things becoming escalated, floods, wildfires, hurricanes. You got to keep that stuff in mind because market values in coastal or flood prone areas may decrease due to anticipated sea level rise and weather unpredictability which will deter long-term investments. And this plays into the stuff with insurance and affordability, right? So high-risk zones often face escalating insurance premiums or limited insurance availability, which directly affects mortgage accessibility and affordability. So if you live in one of these zones, you might have problems getting insurance. So my dad lives in Southern California, and he'll FaceTime me every now and then. As he's on a walk in his neighborhood, he'll flip the camera and be like, look, and it's just like a fire on a mountain in the background with smoke. And he's saying insurance, it's tough to get insurance out there now. Sure, I bet. Yeah, buyers may hesitate to invest in properties too with those high insurance costs, which would reduce the market demand and lower value generally in those regions. Now, shockingly, I don't think California property values are going to have any issue with investment. That seems to be one of those states that's just impervious to this kind of stuff. But you never know. The article seems to think that this could shift it. I mean, Long term, it certainly could. Yeah, you never know. And then demand shifts. So there's a notable trend of migration towards, quote, climate safe areas. So shout out to the Midwest. Yes. Or the Northeast US, where extreme weather is less frequent. I saw this list. I think it was compiled by Realtor.com. I got it here. Top 10 cities with the lowest risk of climate disasters, including hurricane, fire, and flood. Ohio, our home state, has six in the top 10. The number one is actually my hometown, Alabama. Akron. You did it, Akron. Yeah, I know. We got number one in something besides rubber. Rubber? Yeah. That's Akron's? Akron Rubber? Rubber capital of the world. Of the world. Goodyear. Yeah, hey, that's right. Goodyear is headquartered there. Firestone started there. I don't think I knew that about Akron. Yeah, the Akron rubber ducks. Yeah, we're known for that, LeBron. And now, apparently, being the lowest

SPEAKER_02: 6:15

risk... Stuck

SPEAKER_00: 6:16

in LeBron. LeBron. LeBron's our guy. He's like our hero. Just a kid from Akron. Yeah, just a kid from Akron. Oh, who else? The Black Keys. They're from Akron. Oh, yeah. They are from Akron. Keep going. Yeah, do it. I'm a lonely boy. I've seen them live. They're great. Oh, you have? Oh, yeah. A couple times. I've not. Yeah, Cincinnati's number five on the list, by the way. So anyways, we're in a great state. You know, move to Ohio. Yeah, I mean, seriously, it's like we talk about this all the time. Like me and my friend, I have friends that live in Orlando recently impacted by Hurricane Eileen or Irene. Was it Eileen or Irene? I don't remember what it was. Helene. That's what it was. They were impacted by the hurricanes down there. And we were talking about like he used to live in Cincinnati and like kind of missed the fact that he had stability with like weather conditions when he lived in Cincy. I mean, we get freezing cold weather. We do get snow. We get ice. We get lots of rain. But it's like we very rarely We see tornadoes. We definitely don't get residual hurricane impact. Wildfires is not a thing in the Midwest. It's a pretty stable four-season sort of situation. Yeah. Last thing on the list here, just to note the investment long-term value. These high-risk areas may face declining investor interest due to the unpredictability of climate impacts on property values. And then conversely, areas with low environmental risk tend to attract more consistent investment, supporting steady or increased home values over time. Yeah. I mean, it makes sense. Yep. Ready for some trivia facts? Let's do it. Okay. Waterfront property risks. About$34 billion in real estate along the U.S. coast could be underwater by 2050 due to rising sea levels. This comes from EPA.gov, so you know it's legit. I had no idea it was that much. One of my friends, we were on a beach somewhere, and he's big into finance and investing and stuff. He's like, these idiots buying these mansions right by the ocean. I don't know. Hey, if you're in it for the short-term gain, I guess. But yeah, if you're maybe planning on owning that property until 2050, you might have a problem. Yeah, I don't know. It seems like it could be risky, yeah.$34 billion in real estate. That is an insane amount. It's an unfathomable number. Heat waves affect rent prices. In hotter cities, demand for air-conditioned units can push rents higher during extreme heat periods. Yeah, I mean, it makes sense, right? When you have hot summers, the summers keep getting hotter. Those air-conditioner units are being pushed to the core. So it's like... By a thread as it is. Do you have, is your building like central air or do you have like window units? Cause you live in over the, if people out there don't know, you live in over the Rhine, which is a historically old part of Cincinnati, like really older buildings. So my building was like, I think, I think it was a police station back in like 1880 or something. So it's an old building, but yeah, it's completely renovated. I have central air, like art it's on the roof, but like I hear it when it's going, you know, I hear it, you know, so we'll see how much longer that thing's got. Yeah, I've lived in older buildings in Cincinnati that didn't have central air. And in the summers, it was like unreal. And it's only getting worse. But it's like my air conditioner units, like window units in every room. Electricity bill would be like$300 a month. My last apartment was a window unit. Yeah, oh my goodness. Terrible. The Amazon's role. The Amazon rainforest produces about 20% of the world's oxygen, but it's also at risk of turning into a savanna due to deforestation and warming. Wow. You don't often hear the word savanna. when it's not a human being. I had no idea that much of the world's oxygen. I mean, beyond just the deforestation aspect being really sad, that's just a lot of oxygen that we're missing out on. Yeah, we're going to have to get used to thinner air. Get that canned oxygen. Denver all the time. The Lorax, have you seen that movie? Like the terrible Illumination movie? No, I've seen the original Lorax, the animated one. Like the 2D animated one. Oh, okay. There's one like a 3D one from like 2010 or something like that where like the bad guy like sells canned air. That's what made me think of this right now. Okay, got it. So like that's going to be us. That might be us. That might be us. So what kind of weather events do you think are most worrying for home buyers today? Do you have an answer? It's a tough one. I have no idea, truly. I mean, it seems from my perspective but it seems like the fire situation out West is getting like consistently worse. But yeah, no, I, I, I agree with that fires. I mean like the crazy thing was during the hurricane season this year, there were cities like Augusta, Georgia, Asheville, North Carolina. They got hit with residual flooding and bad weather from a hurricane that was all the way down by the Gulf. Right. So it's like, if that situation continues to worsen, that might be a thing. It's very rare that, like, middle of the state southern towns and cities and states would have to worry about hurricanes. Right. But the... The more that climate change impacts that stuff, the worse it could get. So I think that that's concerning as well. Yeah, for sure. Should people buy homes in places with climate risks if they're more affordable? Patrick, would you say you had the money to buy a place in a beautiful house, California, 12 bedrooms, 12 baths? Beautiful backyard. If I had that money, I'm not– no, first of all, if I had that money, I'm not investing in California. That's what you're asking. Oh, sure. Okay. Well, hypothetically, you had to. And it's right next to like a big open park filled with a bunch of pine trees. Are you doing it? If I have to, I have a choice. What? No. If I had the money, I would personally– because I would want to do more of a long-term investment. Now, like in terms of a short-term investment, like flip the house, like make a quick profit. Sure. It might not be the worst idea in the world. But if I'm investing money in a long-term property, I want to get the appreciation of the property. I want to get consistent rental income. I'm choosing somewhere personally in Ohio or in the Midwest where you don't have to worry as much about these unknown variables, right? Yeah. That's smart. I definitely would not– take that risk. Like if it was an either or situation. But if you had to invest. But if I had to invest, I would, yeah. All right, so to wrap it up, climate change is altering the real estate landscape, making some properties more vulnerable, others more desirable. As environmental risks increase, understanding these impacts is essential for anyone considering a home purchase or investment. So much like we always say, Speak to a professional. We've got some facts here, Zach, but speak with someone maybe with more facts. With more facts, better facts. Okay, cool. Well, I think next up we're going to talk proptology with Patrick. You're back in the saddle hosting the seat. Speaking of saddles. That was too perfect. Churchill Downs, the iconic racetrack in Louisville, Kentucky. As we know, the, what's that thing called? The Kentucky Derby. Oh my goodness. What's that thing called? That was the main part. Can I admit to the audience that you found out about this on our podcast planning meeting on Tuesday? I don't know what you're talking about. No. Oh, sorry. Whoops. Edit that out. I knew about the Kentucky Derby. Oh, you knew about the Derby? Yeah. Oh, you just didn't know about the drink. Yeah, right. We'll get there. We'll get there. I know about the, I know what the Kentucky Derby is. Oh, okay. I've never been, have you been? No, I've never been to the Kentucky Derby, but it's been on my list for a long, long time. Yeah. it would be a really fun thing to go experience in person. Yeah, no, I think so too. It'd be really cool. We don't live too, too far away from Louisville. Maybe next year we'll accompany a holiday party at the racetrack. We'll all just get dressed up in like fluorescent suits and drink mint juleps. I remember. The Churchill Downs racetrack, sort of synonymous with horse racing history. It's a symbol of tradition, elegance, and competition. Obviously, it's become a central part of American culture. Millions of of racing enthusiasts go to the Churchill Downs every year. Zach, I got a question for you without looking at the sheet. How old do you think it is? Well, this photo, I'll tell you what. I mean, it's old, very traditional. I mean, there's a lot of bleacher style stands. I'm going to say, God, I don't want to embarrass myself. I'm going to say 1901. You're not too far off. Really? 1875. I almost said 1879 to like read the end of the cutoff but yeah that would have been better yeah for sure but you didn't so um got me no yeah 1875 it was established by colonel merriweather lewis clark jr what a name we all the names that we get on this potter i know it's what happened to cool names i you know bring back cool names yeah patrick and zach i mean kind of boring kind of boring but uh yeah so it was envisioned as a premier horse racing venue to rival european courses actually so the racetrack is hosted it's very first Kentucky Derby and Kentucky Oaks that same year Kentucky Oaks yeah that must be another race I'm assuming it's a racetrack so I assume it's something it's a grade one stakes race for three year old thoroughbred fillies I'm guessing so it's another class of horse but I think it's done at the same at the same racetrack yeah so it's a kind of race that happens at Churchill Downs yeah right so it It's been held annually without interruption since its inception, even through wars and economic downturns. I think I read somewhere that it was halted twice, one in World War II in 45 and one in 2020 for COVID. I believe those are the only years. That would check out. Yeah. Yeah. But as far as the architecture itself for the, I mean, would you even call this a building? Like when I'm thinking of buildings. I think it classifies as a building. At least, so the part that I was talking about are those, I was like, that's like old America style. It's kind of like a Coney Island kind of thing or definitely like a white facade. Right. Classical roof. These twin looking spires. It looks very, very old school. Yeah. Well, I wasn't even was not added until 20 years later. That addition, the twin spires. But now it's the signature of the track. Probably the most famous part of the actual. Yeah. Structure itself. For sure. I feel like the cultural impact of this is probably what people know most about about it. It's hosted numerous celebrities. royalty, fans from all over the U.S. and world, all walks of life, really reinforcing its place as a social and sporting epicenter. Who is attending the Kentucky Derby? Who do you think is attending the Kentucky Derby this year? The year 2024. This article was from May 4, 2024. This is a list of celebrities that were going to be attending the Kentucky Derby according to the Louisville Courier-Journal. Do you want me to guess some celebrities? Yes, give me some celebrities. Name one, and I'll I'll be very impressed. Kid Rock. That's the first one on the list. How did you know that? Really? That's the first one on the list. Kid Rock, singer. Okay, it checks out. That's why I guessed it. It checks out. Where on earth did you pull that from? No, I promise you, I have no idea what list you're talking about. That's crazy. That was straight out the dome. My name is Kid. What? Is that a song? That's Kid Rock. Oh, I only know the Singin' Sweet Home Alabama. Like the Sweet Home Alabama. His ripoff of Skinner. Yeah, right. Other notable names on this year's Churchill Downs. Aaron Rodgers. Okay. Tracy Morgan was there. Josh Groban. Jack Harlow. Okay. Boys to Men. The whole group. I guess everybody. Boys Trip. Salt-N-Pepa was there. Wow. Devontae Adams was there. I don't even know who that is. This is a ragtag group of people. Alan Lazard. I don't know half these people. Alan Lazard. I just named a bunch of football players. Oh, okay. That's probably why. Smokey Robinson was there. Tracy Morgan was there. Okay. DMC. Bobby Brown. Yeah. Well, yeah. Lots of famous people. I guess. Football players. So, okay. Fun facts for you. Which I guess this was more of a fun fact for me. The mint juleps. Yeah. Which I didn't know what that was. Sorry. Well, I was just surprised. Because I know that you appreciate a good cocktail. I do. I love a good cocktail. And when you. and you didn't know what a mint julep was, I was just a little surprised. Mike, grab one after work today. We'll see, I wanna give this a try. Sounds pretty good. More than 120,000 mint juleps are served during the Kentucky Derby weekend alone. So that's a lot of that one cocktail. Yeah, and the Kentucky Derby, the mint julep, the tradition that I knew is that every year they do a commemorative glass. So you get these specialized glasses for the mint juleps that have a logo on them or like some kind of design and the date and the year. And I've known people that have like extensive collections of going back. It's like, my grandpappy went to the Kentucky Derby and I got his glasses. And then my dad went, yeah, so. That'd be a cool collection. Yeah, yeah, yeah. But mint julep's good. If our producers were really, really appreciated us, they would have brought us a couple so we could sip them during this segment. Well, for like the knowledge of like, we're running like a sort of educational podcast. I'd call it a semi-educational show. Semi-educational. How am I supposed to talk about a mint julep without having... texted one in my hand right now. Sipping it into the microphone. What about the hats? You got hats? Hat facts? Yeah, let me read this hat back. Derby hats. Zach with the hat facts. Except I'm Patrick. Pat. Pat. Pat with the hat facts. Pat with the hat facts. The Kentucky Derby is known for its extravagant hat fashion, which has become a celebrated tradition, adding flair and festivity to the event. What kind of hats are those, I wonder? I think that they're just like the extravagant like... that kind of like colonial headpiece. Like I know that the ladies will wear like the big feathered caps and stuff. Yeah. Like lots of fluorescent colors. Yeah. I don't think my, my tan, my beige bangles hat probably wouldn't. Yeah. Wouldn't apply. What else? But it has hold some of the largest crowds and horse racing often exceeding 150,000 attendees during the Derby. That's not really that surprising. You know, It's a destination for it, so people travel, people go. Yeah, I'm not that surprised by that, although it seems like only– based on that number of 150,000 attendees, only 30,000 people aren't getting mint juleps. So– That's kind of crazy. That is kind of crazy. This is more of a fact for not real estate people, if you're into horses. Secretariat, one of the most legendary racehorses, won the Kentucky Derby in 1973, setting the record that still stands today. I think even people that own real estate can appreciate a good horse. No, it's purely one or the other. They're mutually exclusive. Those fan bases don't intersect at all? Yeah, it's like a Venn diagram, except they're not touching at all. Okay, so the question, how much... How much do you think it would cost to buy Churchill Downs? We're doing the property listing aspect here. Yeah, buying the property. Patrick, we talked recently about you acquiring property in a fire zone, but now you're going to be acquiring Churchill Downs. I have to buy it, though? You're forced to buy it. How much does it cost?$120 million. I have no idea, though. Is that too high? It's hard, we don't have real context, right? I mean, it's like 150,000 attendees during the Derby. Each one of them is probably paying a 50, 60,$70 ticket. That's a lot of money, and that's like one year's worth of income. We're getting a note from the producer. It's$1,000 for a ticket? No way. All right, scratch my plans to ever go to that. Yeah, I don't think we're ever going to make it to the holiday party. So the average price is in the$1,200s for a ticket. So my guess of$150 million is probably way off because they would make their money alone in one year's worth of tickets alone. If you use that– that price as the the amount per ticket and you take 150 000 people that's 187 million dollars just on that day and we're not even talking about the mint juleps not even talking about the juleps yeah so i'm gonna say i'm gonna say eight billion yeah that's that's insane okay well more money than it takes to buy good luck buying that zach yeah i know if you were a horse at churchill downs what would your racing name be i love that this is a question i wanted you to read this question so badly. I got us out of the dock. What would your racing name be? I have no earthly idea because they're all like wacky names. They're all like I don't really know. I know Seabiscuit and I guess Secretariat now. Secretariat. I feel like it's all it's like sunrise in the park sunrise in the park it's coming around the corner sunrise in the park but it's like they're all like wackadoo like my cousins had horses when I was a kid and their the horse's name was painted peppy ruby that was one of the horse names so they all have these like long regal names I don't know do you have a name for yourself I don't I'm trying to think of one right now like I'm looking at secretariat and like I'm trying to like Patrick the Patrick Patriot that's kind of Patrick the Patriot Patrick the Patriot I guess Not really a horse name. I think it works. I guess, yeah, Patrick the Patriot. Clomp, clomp for freedom. Okay, so money is no object. Yeah. Would you go? Yeah, I'd definitely go. I would go. Absolutely. Sounds like it would be a fun time. Yeah. Cool. All right. Thank you, Patrick, for leading us in proptology. I really appreciate you. Getting in there and talking about that property. You're welcome, Zach. Thank you. All right, we're gonna switch gears over to listener questions for the week. We're diving into the mailbag. Another round of listeners submitted real estate questions to questions at therentishpod.com. Remember, we are not certified experts, so always check with a professional before making any major decisions, but we're gonna do our best to give you some solid tips and insights. Get comfy, and let's jump right into these new questions from our amazing listeners across the country. Uh... I think you started off last week, so I'll go ahead and start off this week. Is that right? Yeah. Rondell from Newark, New Jersey, who is new to real estate and currently facing analysis paralysis. I'm trying to find the right location for a first property, and I'm open to moving anywhere in the U.S. Help! With an exclamation point there. Wow, that's pretty vague. Yeah, Rondell. Sorry, that was pretty vague. Yeah, okay. But it gives us a lot of room to play off here. Yeah, a ton of room. I mean, do you have any right off the bat? Any where you recommend? Well, I mean, we just talked about this with the whole safe city list or whatever. I am just completely biased towards Cincinnati, Ohio. It's where the podcast is filmed and produced, so it's a holy ground, basically. But Cincinnati is my hometown. I've been here for basically my whole entire life. I think that it's just such a great part of the Midwest. It's a city with a lot of culture, a lot of history in it. I think that the food scene is amazing. I love all of our unique court to all the different neighborhoods in Cincinnati all have a different kind of vibe so you can go one place one night and have an experience and go another place and have a completely different one so I'm biased but like it's just a good place too it's affordable Cincinnati's not like a crazy expensive city like Chicago New York or LA you know so I I love the city love-hate relationship with our sports franchises currently but you know always stay true in my heart yeah what about you what I mean obviously I'm biased as well as I'm sitting five feet away from you in Cincinnati I love it I I'm not originally from Cincinnati. I'm more from the Akron Cleveland area, but yeah, I'm a, I'm a huge fan of Cincinnati, huge proponent of it. I think it's very much an underrated gem of a city. I think in terms of real estate, it's like you said, it's affordable, especially compared to a lot of other major cities. Yeah. Shout out to Cleveland too. I mean, you're up there with like, speaking of Akron, I actually kind of dig Cleveland's various, so it has a national park. Yeah. The national park's great. Cuyahoga Valley National Park is pretty cool. And then at Lake Erie, I mean, come on, you got a boat, you go out on Lake Erie. Yeah. You got, you got six flags up there. out there in the middle of the water, Kelly's Island? Wait, it's Cedar Point. Cedar Point, yeah. Which is like the roller coaster capital of the world, actually, is up near Cleveland, about an hour away. With that said, I mean, like, all the Midwestern cities I've been to, I've really liked. I'm a huge, just unbiased, I think the Midwest is great. Like, anywhere from, I don't know, I've been to Chicago, Pittsburgh, I'm not sure if that's the Midwest, but I really love Pittsburgh. You start getting into the East when you're in Pittsburgh. Pittsburgh's a cool city. Shout out to, I mean, like, if money was no object, like, some of my favorite other cities... Denver, Colorado is awesome. Colorado Springs, beautiful. San Francisco, I mean, if you can afford a property and you wanna go ahead and go down to San Fran, I mean, holy cow. But Michigan's also beautiful too. There's a lot of beautiful stuff in the state of Michigan. Grand Rapids is an awesome city with a lot to do. It sounds to me like Rondell has a lot of options and has kind of got the world, the world is his oyster, as it were. So I wish him a lot of luck. I think that wherever you decide, you just gotta ask yourself, where do you really want to live? Like you got to kind of look inside internally and figure out where you want to go and follow your dreams. And maybe a little bit of market research isn't too bad. Yeah, that too. All right. I'll go ahead and kick off the second question here. Okay. Rachel from Austin, Texas, a landlord managing a handful of rental properties in the city's booming market asked, how can I ensure a smooth move in and move out process for tenants? So this one's a little bit more straightforward. Yeah. Checklist. Yep. making sure that you have comprehensive move-in and move-out checklists are very important. Knowing the condition of the property when you first started renting it to the person versus what it looks like when they are moving out to make sure that you're determined. You're like, was that scratch there? Was that giant hole in the wall there? That's them to rent the property. Making sure that you have all that stuff. Clear expectations, making sure that you can prevent any kind of dispute later on down the road. For sure, and when it comes to security deposits and holding those, I also think it's important that some states have specific legislation towards how you need to handle security deposits, just as an example. I had some college landlords try to take your security deposit with anything. There's a process for using up a security deposit and documenting things. So definitely check out your state, your county's legislation, and see what you have to do for the move-out process. And then documentation. I am a compulsive photo taker with like everything with like, we talked about this with hotels and Airbnbs, right? It's like, it's a property that you actually own, like making sure that you have documented photos, video walkthroughs, like anything that might be an issue, document that issue. Yeah. And the last thing I think communication, you know, just be like being a clear communicator, being available to your tenants, reducing confusion. It'll be a smoother process for everybody, like in terms of the cleaning expectations, the notice periods, the how to return the keys, something is basically like that. Definitely clear communication with your tenants is going to be your best friend. Cool. Yeah, totally agree. That wraps up this episode of Listener Questions and this episode of The Rentish. We hope these answers shed some light on your real estate concerns. But if you have more questions or stories, please reach out questions at therentishpod.com. Remember, staying informed is key to being a successful landlord. And until next time, stay savvy. What an outro. Stay savvy, San Diego. Stay savvy, San Diego. Planet Earth.