Business Innovators Radio - Unlocking Success in Property Management: Insights from Brett Reed
Episode Date: July 17, 2023In this episode of the Agents Lounge Podcast, hosts Nathan Gaylor and Francisco Bermudez Jr. sit down with Brett Reed, the owner of Real Property Management Hill Country Branch. With over 15 years of ...experience in the real estate industry, Brett shares his journey from various roles in property management, commercial real estate, and real estate software to starting his own property management business.The conversation delves into the challenges and rewards of being a property manager, as well as the strategies Brett uses to market his business and build a strong network of clients and contractors. He emphasizes the importance of excellent customer service and the role of technology in streamlining processes and communication with clients.Brett also provides valuable insights into finding and qualifying tenants, discussing the ideal renter profile in the current rental market. He shares tips on setting expectations with both owners and tenants, addressing difficult conversations, and maintaining a healthy work-life balance as a business owner.Throughout the interview, Brett’s passion for real estate and dedication to his clients shine through. His expertise and experience make this episode a must-listen for anyone interested in property management or seeking valuable advice on navigating the real estate industry.Gino Flores of 5G Electric San Antonio was also a special guest on this episode.Tune in to this episode of the Agents Lounge Podcast to gain insights from Brett Reed and discover the secrets to successful property management.About Brett Reed:Brett Reed is a successful franchise owner at Real Property Management, known for his expertise in the real estate industry. Being a part of the neighborly brand has allowed him to collaborate with other sister companies like Molly Maid and Mr. Handyman, benefiting from their marketing support and website assistance. Brett’s journey to success involved extensive networking with realtors in his town, utilizing various online advertising platforms, and actively making connections within the real estate community. His dedication to providing excellent service to clients has earned him a strong reputation, propelling him to receive an influx of inquiries from others in need of his expertise.https://www.rpmhillcountry.com/About The Show Sponsor:The Agents Lounge Podcast is proudly sponsored by Airtegrity Comfort Solutions, your trusted HVAC experts in San Antonio, TX. With a commitment to exceptional service and top-notch comfort, Airtegrity is dedicated to keeping your home or business cool in the scorching Texas heat.Visit their website at [https://airtegritycs.com/](https://airtegritycs.com/) to discover the range of services they offer. From professional air conditioning installations to reliable repairs and maintenance, Airtegrity has you covered. Their team of skilled technicians is equipped with the knowledge and expertise to handle all your HVAC needs efficiently and effectively.Whether you’re looking for a new system installation, need repairs, or want to schedule routine maintenance to ensure your HVAC system is running smoothly, Airtegrity Comfort Solutions is just a phone call away. Reach out to them at 210-446-0105, and their friendly staff will be ready to assist you.Experience the comfort and peace of mind that comes with Airtegrity’s exceptional HVAC solutions. Trust their reliable service and enjoy the benefits of a well-functioning heating and cooling system. Visit their website or call them today to schedule your next HVAC service. Airtegrity Comfort Solutions, your go-to HVAC experts in San Antonio, TX.Agents Lounge Podcasthttps://businessinnovatorsradio.com/turbopassusa-podcast/Source: https://businessinnovatorsradio.com/unlocking-success-in-property-management-insights-from-brett-reed
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Welcome to the Agents Lounge podcast, where we talk all things real estate with the industry's top performers.
Join us as we dive into the inspiring journeys of successful agents and uncover the secrets to their success.
Whether you're a seasoned agent or just starting out, we've got the tips and tricks to help you navigate the world of real estate.
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So grab a seat and join us in the Agents Lounge.
All right.
So welcome back.
This is the sixth episode.
of Agents Lounge Podcast.
I'm your host,
Nathan Gaylor,
co-host Francisco Bermuda's Jr.,
with an owner of Air Integrity Comfort Solutions.
We have Mr. Gino with 5G Electric
accompanying us today,
and then the focus of today's episode,
Mr. Bert Reid,
with Real Property Management Hill Country Branch.
Right?
Correct, yes.
Hello.
So it's kind of,
break the ice a little bit before we get going into the nitty gritty.
What is the most sporadic, adventurous thing that you've ever done?
Yeah, that is.
You know, when we feel like it will just, you know, pick up and drive to the beach with, you know, an hour's notice.
I don't know if that's the most sporadic, but that comes to mind.
Really?
You were just like, I want to be at the beach right now.
Yeah, exactly.
We're two hours away.
Why wouldn't we?
Port A or?
Oh, yeah, Port A.
All the way.
Nice.
What about you, Juno?
You got anything?
I would love to go to Port A.
Let's go.
ATVs.
Yeah.
Hit the road.
Travel.
Nice.
All right.
So just give us a little bit of background about before you got into what you do today.
Yeah.
So I've actually been in real estate for close to 15.
years now. I have been all over the place in property management and commercial real estate
in the real estate software industry. I've sold data and analytics products. I've managed
some of the softwares that a lot of real estate agents and brokers use on a day-to-day basis.
I've managed over 10,000 properties throughout the United States. And last year I decided to go
out on my own, so now I own my own business.
Yeah. And what does that look like? Did you get to transfer some clients from your old?
Nope. Nope. I moved to San Antonio in 2020. I have a lot of family that's here and that I was born here, actually.
And I just said, you know what? Now is time to start my own business. And so my wife and I, we talked about it. We made the decision.
And so about since January of 2022, I have been building and growing a property management company here.
Nice. What did that look like just starting kind of new? How did you like market yourself? How did you get your name out there?
Yeah. So I'm with the real property management franchise. It is a neighborly brand. So, you know, we have some of our sister companies like Molly Made or, you know, Mr. Handyman.
Yeah. And I, so I went with them. They have helped me with marketing support, with website, with just kind of a plan.
plan in place, but it was a lot of getting into realtors in town. Obviously, you know, all the
online internet advertising sources and really just beating the street and trying to meet as many
people as possible that have some sort of connection to the real estate world.
Yeah. And, you know, once you start doing well for others, and, you know, if they let the
Googles of the world know, then everyone else starts calling you. Yeah. Do you have any particular
networking groups you're a part of?
Yeah, I'm part of a couple, you know, just real estate meetups and focus groups.
BNI Network is one of them that I think that's where we connected with integrity with.
And the Bernie Chamber of Commerce, my office is in Bernie.
And so, yeah, those are a couple that come to mind.
Nice, nice.
So what advice would you give to someone that's just starting out in the industry?
Be prepared to do a lot of work.
And what does that look like? What does it look like?
I mean, it's, the property management industry is definitely fun.
There's definitely something new and different every day.
But, you know, it's, it takes a while to build.
And, you know, it's just like any other business I'd imagine, right?
Oh, yeah.
Yeah.
But it's kind of a, you know, being a jack of all trades, being able to identify when you need, you know, an electrician, when you need, you know,
air conditioning help, when you need plumbing, when you need someone just to remove a bunch of junk from a home,
as well as just the daily leasing and managing tenants and making sure move-in processes and re-keys and all that kind of stuff goes well.
Yeah, smoothly so that your tenants are happy, so that your owners are happy.
Yeah, yeah.
And I guess that's a good thing, like you said with real property, that is like you had your connections already here.
So like Molly made, you said, right?
Correct.
And then Mr. Handyman?
Yeah, yeah.
There's, you know, really it's just about having a, you know, a lot of contractors, vendors,
handyman, people in place that when something needs to be done, you know who to call.
And more importantly, they know you so that they will get out there and do your job quickly
and get things done.
Yeah.
So do you have, like when you first started with real estate, did you have, did you have,
open door, did you have to kick a door down? What did that look like? So did you have a mentor of
sorts? When I first started, I first started in real estate back in, what are we calling it these
days, the Great Recession back in, I think it was 2009 in Austin, Texas, in the UT area.
And oddly enough, I was looking to get into teaching. I was fresh out of college.
and that wasn't going anywhere.
My little brother was working in real estate in the campus area,
and he said, oh, you should come work with me.
And so I did, and we had fun.
We made some money at it.
Yeah.
That just started me off down the real estate path.
Man, I can't tell you how often.
So this is our sixth episode, right?
And almost all of the realtors or property managers we've had on
have been something to do with teaching almost.
Oh, really?
Let's say five out of six now.
It's crazy.
Francisco taught it.
Gina, do you have any teaching experience?
No.
I don't either, but it's a common trend that we're finding.
Oh, that's crazy.
You mentioned that you started around the recession time in 2008?
Yes.
Do you feel like we're going in that direction again?
You know, good question.
I don't know.
I listen to as much as I can, but, you know, and also try to pay attention to the trends of the market.
I can tell you the rental market isn't slowing up.
And even if we are, I mean, if you compare the market numbers to what they were, you know, 2019 or so,
it doesn't really look like we're going into that much of a recession.
You know, even if the rest of the country does, I always feel safe and secure in Texas because people,
are moving in you know and even if things are going down the influx of of people
immigrating here to Texas means there's a huge amount of demand so from what I can
tell you know home sales are still doing well I don't do much of that but rentals
are just as strong as ever and yeah if we put a rental up we'll have at least you
know ten people that are beating down our doors trying to rent it out oh wow so
there's a lot of competition yeah oh yeah oh yeah
I mean, I didn't even think about that until you just said it.
We, like, literally, Texas has Central, South America immigrants coming in.
We have people coming from Cal, or, I mean, really all over the country to Texas.
Yeah.
And masses, like.
Yeah.
Most of it is, you know, that California, New York, Florida, they're all coming here.
And, you know, a lot of people are wanting to rent, at least for a year or so.
But it's also pushing other people out that would have bought that now say, all right,
let's rent for a while so I never have problems finding renters I you know my my biggest problem is
making sure a homeowner will have a nice quality house that is just ready to be rented ready to
be moved into yeah so what does that work life balance look like especially now since you're
starting your own thing uh that has uh you know that's tough but uh we're we're figuring it out
No, it's definitely something, and this is the first time I have owned my own business.
So making sure that I figure that out is very important to me.
We're taking on a couple people that are helping us out just in part-time roles
or as a real estate agent role that can help us, you know, get new owners on board, lease out properties for us.
Part of that so that I can actually sit down in the office and breathe once in a while and go home
and see my wife and kids.
Yeah, so I can't, like, do you have to set boundaries for yourself or for other people?
What does that look like?
Yeah, you know, it is a, it's a fine line there because, excuse me, part of the property
management industry that is tough is, you know, you're managing someone's, you know,
half a million dollar asset sometimes.
Yeah.
So when someone is entrusting you a couple hundred thousand dollars and it's not like a,
you know, a stock that isn't going anywhere. This is a house that could burn down, could flood,
could, you know, real damage can happen. You know, you want to be available and you need to be
available. But at the same time, you know, yeah, I've got, I've had to learn to make sure I
I shut it down and say, okay, and I tell, tell owners and tenants this all the time that, you know,
I don't mind if you communicate to me any time. However, you know, just bear in mind that if it's a night,
if it's a weekend, and I don't deem it to be an emergency, you know,
and state law doesn't deem it to be an emergency, I might not get back to you until,
you know, Monday morning or something like that.
But still, you know, I also have the heart for, hey, if there's something that's going
wrong and all I have to do is text someone and tell them, oh, just go over to this panel
or just go over and, you know, turn this knob or something or here's who you should call,
then, of course, I'm going to do that, you know,
It's, as you all know, it's not an emergency to, you know, fix the AC system if it's below a certain temperature.
Right, right.
But it still sucks when you've got an 80-degree house and there's no AC.
So, you know, I don't mind, you know, calling up airtegrity and saying, hey, can you get out there on a Saturday?
Right, right.
And it's interesting because I feel like throughout the years you have, like you can troubleshoot most of the stuff.
over the phone, right, with most of the stuff that you have seen?
Yeah.
Because when we talk to several property managers,
we already told them to do this, this, and this.
I'm like, man, you guys know more than,
y'all can be a technician already.
Oh, yeah.
The experience you have.
Well, and, you know, technology has made it so nice, too,
to where if I can, you know, if I can get from my tenants and send to, you know,
of y'all here's a video or you know a couple pictures of the issue that's happening now all of a sudden
you know you already know this is you know this is what what it's going to take or yeah you know
sometimes we'll even have people just say oh look i like it's not even worth my time going out there
i don't even want to make money just tell them to do this yeah and they can fix it themselves and
yeah right well i mean i i don't know like i've went down that rabbit hole before i i can't imagine that
We've all been stuck in a situation where we're, like, trying to fix something from a YouTube video or something, like, somewhat.
And especially with, like, my car or something.
And then, you know, you just end up messing up things worse.
Usually in my case.
I'm going to bring Gino here.
So what are your thoughts, Gino?
You ever had to go back on a YouTube repair attempt?
Probably, like, on a mechanic where you drop a screw down somewhere you can't reach.
Yeah, yeah.
Yeah, exactly. Take a panel off you don't know how to get back on.
What about for electricity? Like, what are some of the things that you see?
In electrical, we run into all kinds of problems in the homes because the electrical, the panels, they're only equipped to last about 45 years.
So a lot of these homes are very old, and people don't know, they're like ticking time bombs in their wall.
So when we go in there, I mean, there's times where there's tape holding the panels.
I mean, they got thumbtacks.
They got wires.
I mean, we've seen it all.
We've seen lizards stuck in there.
Feces, rats.
I mean, you name it.
And people are, there's some electricians slash handymen that don't take pride in their work.
And when they go in there, they just tie two wires and they call it good and they leave.
And you call them up, they never answer their phone, see.
So when we go in there, we take photos of everything and we don't hide from our work.
We document all that.
and that's very hard to find.
So when we do go in there, people love us.
Like, we're got, like, oh, we've had so many electricians in here, and they don't want to do it.
They run.
As soon as we said, we're going to call CPS, they take off because they don't have license.
They don't have insurance.
Oh, man.
And when they call CPS, I'm like, okay, I'm going to put CPS to work.
I mean, I get here, and I make sure they make the repair done right.
I mean, we did that yesterday, as a matter of fact.
We had a house almost burned down because of that.
And I had CPS go out there.
And they turned off the power.
We found a wire.
It was burned out, melt it.
It was on a gutter box.
So it was powering up two houses.
And they were both going out.
So, I mean, we come across some crazy.
Oh, man.
It's like, you open up a panel.
You're like, hopefully it's okay.
Yeah, we saw a client that was stealing the neighbor's electricity.
And he burnt out his refrigerator, his AC compressor, and several appliances.
he wasn't getting the right amount of power.
But we're like, we're not going to get involved,
but he needs to get the right voltage to your home.
It's going to cost them a lot of money to do those repairs for sure.
Yeah.
They're dangerous and it's a fire hazard.
I mean, you've got to take care of your family and make sure your home's safe.
Right.
At the end of the day, it's your family and it's peace of mind so you can sleep peacefully
because that's what we get a lot.
Customers, I hear something in the wall cracking or crackling.
You know, when I turn on the switch, and I mean, you don't want to sleep like that every night.
I mean, that's what you call us, so that way you can sleep at night.
Right.
Yeah, yeah.
I mean, that's, like, I thought that I had come to mind is just the importance of, like, the small things you were talking about, taking pictures, and just, you know, being licensed and you're not afraid to CPS, right?
So we try to do, or in picking up the phone when somebody calls, like, all of those small things really, really are important.
but so often overlooked.
So, Brett, going back to you,
what's the process like to put your house in the market for renting?
How does that usually work?
Yeah, so usually, in fact, happened this morning that met with a gentleman.
He's considering renting out his home that they had invested in and fixed up.
So we did a walkthrough.
I pointed out to him, hey, here's the things that,
I would change around to get this leased out better.
As I tell a lot of people, everyone I meet with,
luxury and comfort is very nice.
But making sure it's functional is the absolute most.
You can have the nicest looking room or bathroom in the world,
but if that shower is not actually going to work
or the hot water doesn't work or something like that,
well, it's just going to, you know, they may see it at first and say, oh, this is nice,
but then when they get in there, they're going to make requests after request until things are, you know, are working nicely.
So making sure the home works, all the, you know, the water, the electrical, the air conditioning, of course, in Texas is all working,
but that it looks nice and, you know, you can, you know, walk in and say, okay, this is clean, it's comfortable.
I would enjoy living here.
So once an owner, we have that established,
and an owner decides they want to rent their property out.
They can engage with my services.
I'll send them a management agreement.
Once they sign that, I tell them I need keys to the property
and all the information about utilities,
about how to, you know, who, what, when, where, why of the property,
we will go in, we take pictures, we list the property,
we start taking requests to show the house to prospective tenants.
We screen and qualify applicants.
And at the end of the day, we deliver a signed lease.
We'll move the tenants in.
And then it's off to the races.
And our owners, they sit back and just collect their paycheck
or collect their owner draw on a monthly basis.
So they're not really having to do anything except, as I tell them,
you know, keep paying your mortgage, pay your taxes, your insurance, you're your HOA, and, you know, don't ignore my calls.
That's kind of a good segue. So have you ever faced any ethical dilemmas in your real estate career and how did you handle them?
Any eth? I'm sure I have. Yeah, there's...
Is there any that, like, pops to the front of your working memory?
You know, I think that, you know, the biggest, you know, the biggest thing is just,
you know when you've got owners that, you know, that, that don't want to spend money, you know,
and it's never fun to, you know, go to someone and say, hey, you're, you know, you're going to have to spend some money on your house.
And, you know, there are things that, you know, I get on the owner and the tenant's side, but there are things that we have to fix, you know,
and especially for me being a licensed real estate agent, being a professional property management company,
that I can't just turn my back on a property and say, okay, we're not going to fix this or that.
Some of it could be safety hazards, moral hazards, just things that need to be done.
And so telling an owner, yeah, you've got to spend money.
It's not always an easy conversation.
Yeah, it's not.
It's, hey, you spend this money or we're done here.
I'm going to have to fire you.
On the reverse side,
some of the hard conversations with tenants
are when, you know,
just because you're leasing a property
doesn't mean that you're off the hook
for anything that happens in the home.
And far too often,
tenants think that, oh, well,
if I break that, the landlord will pay for it
because it's their house.
Oh, yeah.
Not really my window.
It's not my stove.
Like stuff like that.
Well, and things like appliances.
Okay.
If they break a window, it's pretty clear cut.
You know, but if a refrigerator goes out, yeah, that's some of that gray area.
Right.
Right.
Whose fault is it? Well, refrigerators do that, you know, especially the way they make them nowadays.
Yeah.
But at the same time, if you have one go out within a year or something and, you know,
and it's clearly due to neglect or something or leaving the door open, all right, well, then you've got to have those hard conversations.
Yeah. I imagine that's all in writing.
Do you have an investigator for refrigerators or no?
Oh, yeah. The lawyers and insurance companies control the world.
So it's all in the 20 plus pages you sign your life away on.
Right, right.
That was a good one.
So, yeah, you kind of covered a lot on that one.
So like strategy for dealing with difficult clients.
that yeah ethical dilemmas I just find it's best to you know tackle it head on and
you're probably going to piss some people off but you know what I it's worse when you
try and hide issues you know I don't want to you know dance around something or sugarcoat it
because someone's worried about paying $40 for you know for something some service when it's
like all right listen if we don't tackle this
it's always going to be more expensive.
And someone who doesn't want to pay for a simple, you know, an AC tune-up or a quick, you know, fix because something's wrong,
well, what's going to happen in five months, you know?
Yeah, exactly.
It goes from a $200 charge to a $2,500 charge.
Either pay now or pay later.
Yeah, exactly.
You're going to be paying some interest later too.
Well, and that's what, and I'm blessed.
I have, you know, most all of my owners are, you know, have the right investor mindset to where
they realize that, um, that this isn't about, you know, $200 here or there. You're buying a house
in like the, what, the ninth biggest city in the United States of America. Okay. We're, I think we got,
you know, we're in the top five or something in population growth. So what are the chances that this
house is not going to be worth a heck of a lot more money in 20, 30 years. In fact, I think I saw a
stat saying that real estate prices doubled over the last 30 years. That was just, you know,
somewhere in the last year or two. Just housing in general, I think I saw that stat recently,
too. It was 183% since I think 2002, I believe. Oh, okay. Yeah. Well, kind of to get political,
but like the working wage has only went up 26% since then, and they were like doing a compare
contrast. Yeah. I mean, they have, you know, the governments have made this a inflationary economy.
And so when you can buy a house at a fixed price, you know it's going to increase, especially
the way they've been spending money. And so it has absolutely been a good investment to buy,
you know, at a fixed price on a fixed interest rate. And, you know, these houses, I mean, I don't
know anyone in their right mind who doesn't think they're going to double in another 20 to 30 years.
Right. And so at the end of the day, if you can buy a house in San Antonio for, you know, three to 400,000, knowing that it's going to be worth seven to 800,000 in, you know, in a generation.
Yeah.
Well, do you really want to have a house that's not taken care of? Because when a house is dilapidated and you haven't done anything to take care of it and you've had a lot of deferred maintenance, now all of a sudden, you know, in that 20 to 30 years, you've got what could be in.
$800,000 asset that should be your retirement. But guess what? You've now got to put $100,000
into it. Well, if you're like this, you probably don't have that $100,000 to spend.
Right. So instead, some, you know, some house flippers are going to come buy your house on the cheap
and you could have had a nice investment. It turns out into no, you let someone else walk away
with that money. Right. That's some good advice. Very thorough. Appreciate that.
I had one question just for myself.
So, like, you, what does an ideal renter look like in this economy if they come to you?
What are the greatest things?
There's another word that I'm missing.
It's not clicking right now.
What are the greatest things that would get me qualified?
You know, the things I look for, you know, is someone who smiles.
Honestly, someone who is going to.
realize that like listen this is this is a trans it's its transaction but it's also an ongoing
relationship nothing you know anyone that expects things to be perfect is not going to make a
great renter because any I mean just you know look back at your own house whether you
own or rented yeah something's going to go wrong there's always going to be
maintenance so you know things will go wrong
And, you know, so tenants who look at that and say, okay, well, what can I do to make sure I take care of this home?
Because if you can't buy a home, well, then you have to rent.
And so, you know, knowing that you've got a part to play, it's not just, okay, owner, you have to, you know, serve me and take care of me.
Okay, yeah, there's a part of this.
This is the owner's roof and walls and floors and blinds and all that stuff.
Yeah.
But tenants who realize they've got a part to play in it as well.
and will help out with it and be patient.
You know, right now, getting service people out to do a job is, you know,
one of the worst it's ever been in this economy or in this country.
And, you know, prices have gone up for everyone.
And so, you know, just the general handyman, you know,
are people that are coming out to do, you know, that repair work.
Their prices have got, their costs have gone up.
So their prices have gone up.
And so, you know, I remember when you could get a, you know, someone to just come out for $75
and, you know, fix a bunch of stuff in half a day.
And now, you know, those days are over.
So just getting, you can get something from Olive Garden for $75 now.
Yeah.
Yeah.
Yeah.
Yeah.
Yeah.
Don't go to a day.
If you ain't got at least $75.
Yeah, you might have to go to McDonald's now.
And that's barely under.
Yeah.
McDonald's is $15 now.
$12.
Man, that's crazy.
So, so, you know, with.
that it's it's looking for tenants who are uh you know going to realize that it's a two-way street
yeah and um you know and we'll get people out to do repairs but uh you know to expect things to
you know be done immediately well then you know that's uh you know that's just not happening nowadays
we get things done as quick as possible but yeah so uh just a little bit further uh for maybe some
people that will watch this.
If they reach out to you,
what should the debt to income
look like for renters? What should maybe a
credit score baseline be
before having a
serious conversation with you?
Yeah, in general,
renters, we look for three times
the monthly rent is income.
So your gross income, if you're
looking to rent a $2,000 a month
house, and
most houses around San Antonio, I think
the average rent is $1,800.
Yeah.
So income is your gross monthly income should be around $6,000 or higher.
You know, average credit scores, $5.50 or better.
You know, and that will depend on each property, each owner.
Yeah.
And then, you know, we don't accept anyone with evictions.
Yeah.
You know, pets is always a fun one.
Toss up.
Yeah, every property owner has, you know, has their own pet policy.
You know, we don't lease to a lot of the restrictive breeds or the aggressive breeds for dogs.
Cats are usually fine, but, you know, let's face it, everyone wants to have a pet.
I get it.
It's nice.
It's fun.
But kids also do cause damage of, you know, or maintenance on a home.
Right.
Whether that's actual physical damage you can see or smells and odors.
Smells and odors.
maybe the backyard too, like just digging up, like, some of the grass.
Oh, yeah.
Or, you know, hair in the carpets.
Yeah, yeah.
You know, the biggest one is blinds.
Oh, yeah.
Dogs just love to chew on blinds.
And, you know, I hate those things, but, you know, everyone wants them.
Everyone needs them.
But, you know, if you chew through, not you, but if your pet chews through,
well.
Either one of you.
If you chew through even one of those, you know,
the blades on a blind or one little piece, you have to replace the whole thing.
Yeah, yeah.
That's a good point.
If you have a lot of windows that can get pretty expensive pretty quickly.
Yeah.
The number you threw out there for the credit score, $5.50, I was not expecting less than a $6.20,
but I guess that's for actually buying a house.
Oh, okay, yeah.
Rather than renting.
Yeah, and I don't know all the national statistics, but I don't know.
I want to say that a good credit score to buy a home is 680.
I'd say, yeah, my average renter probably is around a 6 to 615.
But, you know, I mean, the credit scores are not a perfect, you know, a perfect system.
And I personally don't like them.
Not the best indicators?
Yeah, but also, you know, unfortunately, a lot of people really got screwed over during the, you
the COVID stuff.
Yeah.
And I've seen just, you know, a lot of unfortunate situations and people's credit situations
really took a downfall.
And frankly, I can't blame them because they had, you know, when they had no income
or way of working.
And you have rent due every month?
The utilities piling up, car payments, all that, jazz.
I'm sure there's some statistics that, you know, either prove or disprove me.
But, you know, my personal opinion is a lot of people's credit scores really.
took a nosedive over the past couple years. Yeah. And, you know, it's not, and it's, you know,
it affects real good people. And so, you know, well, the credit score is, is something we look at,
but it's not the only thing that, you know, determines. Right. You know, because there's also other
ways if we're concerned. There are, you know, additional deposits or things that we can do to, you know,
to work with someone if we see that they're going to be a good renter. Well, that's, that's great.
great and you make the decision of who to rent or the homeowners it's a joint effort okay yeah
something that's probably agreed upon before like it hits the market oh yeah yeah okay
that's insightful I appreciate you for sharing that and I'm sure that he regardless of the
statistics on it your your boots are on the ground so your your assessment is probably accurate
at least for San Antonio and surrounding areas, I would imagine, as far as you were saying.
I'd imagine too.
I'll wait for someone with the stats to be like, no, you're completely wrong.
Yeah, somebody watching this is going to googlying it right now.
Last question.
Then I'll just call them a troll and never get on the internet again.
So do you have any hobbies or interests that kind of play into?
what you do for a living?
I mean,
I don't know if this really plays into it,
but I mean,
I've always just been an outdoorsman,
luckily enough.
So I work with the indoors.
You know,
I love land.
I love, you know,
the outdoors,
hiking,
fishing,
hunting, camping.
And,
you know,
so sometimes going to some of these properties
are just super nice.
You know,
like I've been in,
uh,
at Ascosa County the past couple days and just,
you know,
you get,
you can get a lot more land out there.
Some of it's just gorgeous and beautiful.
I've got a few homes up on the Guadalupe.
And,
um,
so that's,
you know,
just beautiful places.
And yeah,
you know,
I'm,
I'm,
you know,
nowhere on y'all's level in terms of being able to go out and,
and fix a house.
But,
um,
you know,
you walk into some of these structures and it's just like,
wow.
That is just, you know, beautiful what we've created.
And, I mean, you know, I live in a 90s build house myself, but, you know, I grew up going to my grandfather's house, and it was built in like the 20s.
And, you know, I have an affinity for some of these older houses that in college, our house was built in the 40s or something.
And so some of these older structures where they're not all the same.
and they have a lot of just characteristic in style.
Yeah.
I just enjoy that and see, oh, wow, this is awesome the way things were made.
Yeah, that old style, like the 20s are really cool.
I don't know.
Like, they're, what do you call them?
They're not like colonial style, are they?
There's a name for them.
Oh, yeah.
I wouldn't know that.
Oh, okay.
Well, that's fine.
Yeah, so, I mean, that's all I have,
unless anyone else has any follow-up questions, comments.
No.
We're good.
All right.
So that'll do it for the sixth episode of Agents Lounge.
Thank you, Gino, for being here.
Say hi, Gino.
To the camera.
How are you doing?
Thank you for having me here.
Yeah, I appreciate you coming out for sure.
Thank you, Brett, for coming out, taking time out of your schedule to be with us.
And, yeah, we'll see you in the next episode.
All right, thank you.
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