The I Love CVille Show With Jerry Miller! - City Hall Public Meeting On Short-Term Rentals; Are Short-Term Rentals (Airbnb) Good For CVille?

Episode Date: December 2, 2025

The I Love CVille Show headlines: City Hall Public Meeting On Short-Term Rentals Are Short-Term Rentals (Airbnb) Good For CVille? Paul Manning Defends Difficult Choice With DOJ Flagstop Car Wash Acquires CVille’s Clean Machine Sen. Mark Warner Announces Bid For 4th Term Instagram Staffers Must Return To Work Full-Time Duke (7-5) vs UVA (10-2), 8PM, SAT, ABC, Charlotte If You Need CVille Office Space, Contact Jerry Miller Read Viewer & Listener Comments Live On-Air The I Love CVille Show airs live Monday – Friday from 12:30 pm – 1:30 pm on The I Love CVille Network. Watch and listen to The I Love CVille Show on Facebook, Instagram, Twitter, LinkedIn, iTunes, Apple Podcast, YouTube, Spotify, Fountain, Amazon Music, Audible, Rumble and iLoveCVille.com.

Welcome to the I Love Seville Show, guys. My name is Jerry Miller. Thank you kindly for joining us on a Tuesday afternoon in downtown Charlottesville. It's a pleasure to connect with you guys through the I Love Seville Network, the water cooler content and conversation in Charlottesville, Elmore County, and Central Virginia. We encourage you, the viewer, and listener, to share your thoughts and your perspective on all our shows. you, the viewer and listener, can shape the discussion and challenge us, push us, disagree with us, agree with us, send us bottles of McAllen 12, like Holly Foster so kindly gifted us before Thanksgiving. Holly, the McAllen 12 is sitting proudly on our studio bar.

Thank you again, the Queen of Henrico, giving us a top shelf bottle of scotch, which Jude and I enjoyed some yesterday. A lot I want to cover on the broadcast, a public meeting tomorrow, Charlottesville City Hall, on short-term rentals. They're called Homestay, Short-Term Rentals. I think the layman knows it as Airbnbs, VRBOs. Yeah, Verbo's. Do they have a good image? Do they have a policy that needs changing? Do they have, are they good for the community?

Are they bad for the community? The hotel industry despises them. Many OGs are old guard neighborhood, you know, neighbors and longstanding neighborhoods here in Charlottes here in Charlottesville are opposed to Airbnbs in short-term rentals. They do create affordability when it comes to housing as a supplemental revenue stream with mortgages at all-time highs as rates still continue to hover in the 6%, the mid-6%.

range. I want to unpack Airbnb's, verbos, homestays, short-term rentals on today's program and discuss the pros and cons with you, the viewer and listener. On today's show, I also want to talk Paul Manning. This is the namesake of the Paul Manning, Paul and Diane Manning, Biotech

Institute. I was corrected via email by a person of significant influence and said, you constantly call it the Paul Manning Biotech Institute. It in fact is named after both of them, the Paul and Diane Manning Biotech Institute. So I stand corrected and I apologize. Mr. Manning is a board of visitors member, UVA, B-O-V, and Mr. Manning is a very wealthy person. He's a

billionaire. He has donated $100 million to the university for his name, his wife's name, to grace the biotech Institute in the Fontaine Avenue area of Charlottesville. That's going to be a 350 million-plus project, 100 million funded from him alone. He is a PBM Capital, made his money in the baby food formula space, is instrumental in Gordonsville as an owner of God knows how many buildings and parcels of land in Gordonsville. He's the money behind dairy market and dairy central.

His son-in-law, Chris Henry, who is now an international developer. Last I heard, Chris Henry and his family are living in London after pursuing a master's in business in Barcelona in Spain. His family is living in London. Mr. Manning and his son-in-law, they took what was formerly the Monticello dairy, where McGrady's Irish pub was, where Three-Notch was, where the Splat House was, Sharkey's Bar and Grill was there. Latino Bodega

was there at one time, and they turned it to Dairy Market in Dairy Central. Mr. Manning, his footprint, his fingerprints, and his footprints are all over Charlottesville, Almore County, and Central Virginia from an influence wealth development reimagining standpoint. And now he has authored a letter

which he released yesterday that tells his side of the Jim Ryan Resignation Saga, his side of the Department of justice investigation that led to Ryan's resignation, and what he interprets is the right decision. In fact, interim president, Judah, Paul Mahoney was before state senators here in Virginia, along with Virginia Military Institute leadership, and they were explaining Paul Mahoney, the interim president, the decision he made with entering an agreement with the DOJ and why it was

the smart decision for the University of Virginia. We'll unpack this entire storyline on today's show. We have some deal flow that we need to pass along to you now that it's closed. The Flagstop Car Wash has acquired Charlottesville's Clean Machine. Flagstop Car Wash is a heavy hitter in the car wash space, a heavy, heavy hitter. And they, like much of private equity, are rolling car washes into a portfolio and using vertically integrated strategies and tax. and economies of scale to frankly fatten the bottom line. Automation, more technology, tech stack instead of human capital to fatten the profit center, the bottom line. We'll talk

about that acquisition now that's closed on today's show. Mark Warner has announced that he is going to seek a fourth term, four terms of Mark Warner. Goodness gracious, the man is 70 years old. So when this fourth term, should he win, is when it's concluded, the man will be 75. I mean, to say he's an institution is an understatement. To say that I'm disappointed that someone who promised he would not be a career politician is running again is also an understatement. We'll talk meta and Instagram ordering their staff to return to office five days a week. I want to talk some football. As this line is moving, the Virginia football team open as a two and a half point favorite in this ACC championship clash against the Duke

Blue Devils. That line has now moved to 3.5. So Virginia becoming more of a favorite to win this neutral site contest. Charlotte, Bank of America Stadium, 8 o'clock kickoff Saturday, National TV, ABC, with the winner earning an invitation, well, if UVA wins to the college football playoff. If Duke wins, they will not earn an invite to the college football playoff. And instead, the JMU Dukes will get that invite. So JMU fans are pooling for Duke to beat UVA. So then JMU could get an invite into the college football playoff. A lot to unpack on the show. I want to highlight Conan Owen, who I spoke with this

morning, the owner, Judah, of Sir Speedy of Central Virginia. We have 24 tenants in our portfolio. And the 24 tenants, when they're moving and shaking when leases come to an end or new leases start or our tenants need signage work done around our real estate positions. Conan Owen and Surveedia, Central Virginia, manage that or handle that on our behalf. They also have done the signage for our firm, whether it's the storefront on Market Street, the banners behind me, and other marketing materials. And they're doing it for a number of the buildings and clients that we're working alongside, whether it's commercial building owners, residential, multifamily owners.

I trust Conan Owen, a darting graduate, to take care of the signage needs. If you have a logo and you need an application for it, Conan Owen and Circe Media at Central Virginia are a fantastic choice. Judah Wickhauer Studio Camera, then two-shot. Paul Manning's in the mix. As I've highlighted before, it's not brass knuckles and machetes.

It's not backyard brawling or back alley brew ha-haz. It's Montblanc pens and corporate letterhead and thickly stock paper that these Board of Visitors and billionaires fight with. And he's now in the mix with a letter of his own. It's an intriguing. The saga continues, if you may. A car wash trades hands, short-term rentals and Airbnb's policy, perhaps needing amending.

or redefining, football, meta-ordering, staff, Instagram, staff back to the office five days a week. I think everyone should be in office five days a week. You and I may disagree on that, but we do our best work when we're in person next to each other as opposed to communicating via teams or Zoom or through screens. A lot to cover on the program, my friend, where do you want to begin today? I mean, you want to talk about short-term rentals? You want to do it? You want to begin with short-term rentals?

We've got two lower thirds. I'll set the stage here. This was set to me, sent to me by a gentleman who will remain nameless unless he chooses to jump in the mix with comments on the show. This gentleman is considering an ADU in his backyard, lives in Charlottesville City, in the, you know, JPA Fontaine. Fry Springs area. Not to be specific, that's very broad. It's considering an ADU in his backyard where perhaps if he follows through with this, his partner, his wife, who they have a young child as well, will manage the ADU on their behalf as supplemental income as a house, a house hack to drive more revenue. If you watch any of the real estate podcast, I listen to a lot of them,

If you listen or follow any of the real estate influencers on Instagram or TikTok, they're talking about house hacks and how you can build generational wealth. And one of the first house hacks that's discussed is buying some dirt where an ADU can be built in the backyard or a basement can be turned into a revenue generating apartment. The most popular house hack is the Airbnb because of the top line revenue that can be generated from the Airbnb. be it's more significant than perhaps a consistent rental stream, monthly income. The challenge that these influencers do not discuss is the ADU generally runs about $300 to $350 per square foot to construct.

I've been in this real estate game for 20 years. We have a construction crew that we work with, remodeling crew that we work with, that probably can get that in the 225 to 250 price per square foot to build an ADU in the backyard. But if you're going retail and you're pricing folks locally and you're shopping two, three, four bids, you're looking at $300 to $350 a square foot to build an ADU. And that ain't cheap, ladies and gentlemen, even if it's a tiny ADU, I've called 800 square feet back of the napkin times $350. You're talking anywhere from $280,000 to $350,000.

to build this thing, okay, plus the headache of dealing with institution or a jurisdiction like Charlottesville City. Regardless, Charlottesville City, ladies and gentlemen, is got a homestay and short-term rental public meeting on December 3rd, which is tomorrow from 5 to 7 p.m. at city space, and it's led by neighborhood development services. Where do you want to begin on this, Judah? I mean, I think for the most part they're a good thing.

I, you know, like a lot of people, there's the problem of outside, you know, outside companies, outside money coming in and turning, you know, turning houses that could be bought and sold or rented out into short-term rentals, which, you know, obviously takes away from our already minuscule stock. But on the other hand, for people that are, you know, that are living in town, people who are living in the house, my parents have one. They turn part of their basement into a rental. and an Airbnb or a rental for an individual that's on a 12-month lease and for short-term rentals okay so Airbnb is their source of supplemental income your parents

they live southside Charlottesville they have a very nice house I won't say where southside Charlottesville they have a basement that's an Airbnb and they just like you were talking about with this with this couple this family my my parents to take care of it. They're the ones that go down and clean it between tenants. And they've had some pretty good luck with people actually sticking around for sometimes weeks or even months. Oftentimes people looking to stay near someone who's getting treatment for one type or another at UVA. And it's a, you know, it's a great way to make a little extra income. help cover your mortgage costs and things like that.

Neil Williamson watching the program, the president of the Free Enterprise Forum. Short-term rental is defined by the Commonwealth of Virginia as any rental less than 30 days. He also says, why does where the money come from matter? I think he was, is that in relation to some of the Paul Manning comments, Neil? Jason Noble watching the program as well. I got print, radio, and television watching us on the show right now.

Look, I'm torn on the short-term rental thing. Here's why I'm torn on the short-term rental thing, okay? Right now in Charlottesville City, short-term rentals are not policed properly. It is a wild west. I know of multiple entrepreneurs in the short-term rental space, deep-pocketed individuals who are, I will cut to the chase and be extremely straightforward here, operating outside the law with their short-term rental portfolio. and the risk they face is so insignificant that they don't mind operating outside the law.

Legally, you have to be in the home, and Neil Williamson can offer some perspective here. He says, where the money comes from is in relation to your comment, Judah. You have to be, if to operate in an above board and legal short-term rental, you have to live at the address for 180 days, half the year. you have to live at the address. But I know of half a dozen entrepreneurs, including a couple I do business with, I am not going to use their name.

I don't rat anybody out, okay, that have nearly a dozen short-term rentals in the city, and you do the basic math, they can't live at one address for 180 days if they have nearly a dozen Airbnbs around the city. Yeah. Okay. I think if we're going to fix, it might not be the right word.

I think what we need to do is level the playing field, A, we level the playing field by very clear-cut rules and regulations, and we need to police and enforce the rules of regulations. So if that playing field is, you have to be at the location, at the physical address for half the year 180 days to have a short-term rental, then that needs to be enforced. And there's plenty of software out there that can scrub Airbnb VRBO websites and their counterparts and pretty much cross-reference with the GIS, who owns what and where. And that's not being done right now by City Hall. It's not being enforced. I think we also must enforce the tax collection associated with Airbnb's and short-term rentals.

If not, the city is just losing revenue. The hotel industry is incredibly lobbying, vehemently lobbying, lobbying aggressively at a macro-national level down to the hotel industry locally against short-term rentals. They say the playing field is not even. The tax collection is not even. Airbnb is a nightmare to deal with. They straight up ghost local jurisdictions and make auditing or policing their records, their

platform extremely difficult. They do it on purpose. And frankly, Airbnb should be a champion of their vendors, their users, their housing providers, and should not have to audit, should not open their books to local jurisdictions. I don't blame Airbnb or VRBO for being K&M. tankerous with local jurisdictions that are looking for insight into their business models. I completely get it. I understand what people would call nimbies or the cratchity old farts and neighborhoods

that don't want an Airbnb on their block or as their neighbor or next to them. I understand the transient nature of Airbnb's on how that could create perceived, whether actual or not, but perceived safety issues. because of the transient nature of guests, could create perceived parking problems on streets because of an influx of vehicles over popular weekends or popular weeks. I see all sides. What I do know is this, as we head into this meeting tomorrow, what I do know is this. Charlottesville City Hall has not done a very good job with creating a level playing field with short-term rentals. And by level playing field, I mean one with clear-cut rules and regulations that are police and enforced.

There's entirely too much gray area. And as a result of that gray area, there's people, like in any sector of business or any walk of life, some folks feel way more comfortable living in the fast lane, in the gray area, 20 miles over the speed limit, whatever you want to call it, than others. And those that are living in this gray area are making a hell of a lot more money than those who are playing by the book. I will offer as a free market guy, as an entrepreneur and business person,

as a land rights guy, as a small government guy, if I have a piece of land and I have the financial resources to build something in my backyard or my front yard or utilize my basement a certain way, I would like to take advantage of that. Am I doing that now? No.

Would I ever do it? not. We have four and a half acres. We live in Ivy. We could easily do it. We have a basement that we're not utilizing with a bedroom and a bathroom and its own entrance and exit. We could easily do this. Our home is eight minutes from John Paul Jones Arena and Scott Stadium. And I could probably cherry pick 18 to 20 weekends a year and make $2,000 to $3,000 per weekend if I wanted to. And it would not be that hard to do. But we don't want to do it. We have, you young children, we have a German Shepherd, we don't need to do it.

But I understand in a free market where this community is getting so effing expensive and you're trying to build wealth and build something for yourself and you have an opportunity to make supplemental income, props, I'm all for it.

I just want it to be done within a playing field of rules and regulations that people have to operate within and are police are enforced. Yeah. And in response to to Neil Williamson, it's not so much money that's the problem. It's just like Jerry said, people being able to

purchase one, two, three, four, five houses. I have a buddy, I have a, someone I would call a friend that is operating problem. I think it's 13 of them. Oh, my goodness. And that's, you know, I think that that disrupts the housing market.

people trying to look for a place to live. I can understand somebody trying to make some money. My sister rents her place out when she goes out of town. And your sister's a tenant. Your sister does not own her place. Right. And she, when she... At least as far as I know.

And when she leaves, she is short-term renting her lease. Yeah. I would question if that's even legally allowed with her lease. It might be a don't ask, don't tell with the landlord. Could be. Maybe the landlord allows that. I have 24 of them. I would never allow that with my rentals.

This is also not in Virginia. I get that. We won't say where. We won't say where. My leases specifically say you cannot do that. Right. And I would bet if it's any kind of boilerplate lease that your sister has signed, it would say the same thing.

But hey, it's a gray area and people choose to live in it. This is a perfect example of what we're talking about here. Your parents, on the other hand, are not. living in the gray area. They're living and if you know Judah Wickhauer, he's a man of incredible integrity and the fruit doesn't fall far from the tree with his mom and dad.

The people that I know would not be breaking the rules, and they're not because they live there, and they're just running their basement. And it sounds like they're doing it what? You count on two hands the amount of times they do it per year? At least. They keep it pretty...

Oh, so you're saying this is a year round? Yeah, they built the thing to... Good for them. To rent out, and it's, as soon as they put it up there, they started getting, like I said, even though it's short term for the most part, a lot of the people that come in and use it are visiting family at UVA, someone, you know, going through cancer treatment, and they want to be close, and, you know, they don't want to stay in a hotel for a month or more, and this is a great spot. So, I mean, back of the napkin, are your parents generating more than $50,000 a year in top line revenue with their basement rental? I couldn't tell you. Back of the napkin. I mean, I'm not even sure how much they charge.

So it would be really hard for me to do back of the net. Neil Williamson watching the show, comments coming in quickly, I'm going to then relay a text message that was sent to me by someone who I'm not going to identify about short-term rentals who is considering, I led the show. show doing an ADU in his backyard. Neil Williamson, President of the Free Enterprise Forum, says, frankly, many short-term rental customers are better neighbors than some of the long-term renters. No doubt. I have to hear the argument on that.

Okay. Well. You can make that argument. Neil Williamson also says short-term rentals should be mandated to have a business license and an annual short-term rental registration. Such registrations can be pooled for non-compliance. And he says, Jerry, if your friend operated 13 long-term rentals, would that be different? Yes, it would be different.

Because 13 long-term rentals are within the playing field and the rules and regulations. 13 short-term rentals are against the rules and regulations. Because currently it says you have to be there 180 days, half the year at the physical address, to operate. This is from someone who I have met with in person, and then since meeting with him in person at my office, I'll call him a real estate entrepreneur and aspire. Actually, I'll say he's a real estate entrepreneur. He has a rental property and he's considering an ADU

at his house. I think this guy is extremely intelligent. He's young. He is a young family. He has a lot of upside. I see a lot of where I was at his age. He says, Charlottesville's wrapping up its short-term rental home state regulation

update and this is the final public comment meeting before it goes to city council. I'll be attending to advocate for short-term rentals with two main goals. One, make sure owner-occupied short-term rentals are explicitly allowed in multi-unit properties such as ADUs or basement apartments when the owner lives on site.

Two, to advocate for allowing short-term rentals operated by local residents. Some positive points I will be making in my meeting. This brings in local tax revenue. It helps families offset mortgages. It helps families offset the high upfront cost of building ADUs and missing middle housing, which is one of the goals of the new zoning. It provides flexible income for caregivers and residents who cannot work full-time jobs.

It keeps tourism dollars in the local economy. It creates jobs for local contractors, trades people, and cleaners. And he says, I really believe short-term rentals, when tied to people who actually live here, are a meaningful wealth-building opportunity and should have a place in our city. Over-restricting them just raises prices and pushes more housing. into unregulated under the table territory. Thank you for helping us spread the information. And he says, if you could talk about this on the show,

as a connected person, he would really appreciate it. And that's how we got this topic. We're crowdsourcing information. Comments continue to come in. Local newspaper, two TV stations and one radio station watching the show. Legacy media, you should be covering this in your news cycle if you are not already. This should be a part of your new cycle if it's not already. I will go to Deep Throat next, if you want to put his photo on screen.

Number one on the family. He says on short-term rentals, just to give you a sense of how incompetent the city has been on this, the policy at present is that you cannot rent an entire property as short-term rental unless it is a primary residence. live there 180 plus days per year. And the city has always cried, we can't figure out if it is really a primary residence, wow, wow, wah, wah, whenever people complain about illegal short-term rentals. So here's my story. Two Airbnbs on my street, never been a problem to be clear. Both owned by LLC's ownership can be found with a five-second Google search. Short-term rental number one belongs to a couple that are literally the subject of huge shelter magazine spreads relating to

their many homes, including their primary home in New York effing city. It's a prominent New York social couple. The second short-term rental is owned by Rich, is it Rich Dimer, a prominent UVA donor who lives in Henrico, again easily found. Both of these properties listed on local and national short-term rental sites. Seville City Administration is overstuffed is an overstuffed short bus. Ouch. So I guess my point is whatever policy the city settles on,

do you trust the people charged with enforcing the policy? Can they do it or not? Are they drooling idiots incapable of managing any degree of complexity? If the latter, what can you do other than ban them out right? Hmm. Oh.

He says, lists here's old data of all short-term rental units in this data set 45% were listed by a host with more than one listing in Charlottesville to his or her name. So he just gave me a data set via Twitter DM and this data set shows 45% of the short-term rentals are illegally operated. Wow. That's pretty amazing. Ginny Hu, thank you for the retweet. We appreciate it. Viewers and listeners, let us know your thoughts. Put them in the feed. relay them live on air. Judah Wickhauer, jump in the mix, then we'll get the comments from viewers and listeners.

He makes a good point. How do we trust them with the job they've been doing so far? Hopefully they will, hopefully they'll get some good advice. They'll pass some good laws, and they will get better at policing the situation. potentially that there is you know again the people buying and setting up short-term rentals from outside of the area are you know potentially taking money out of you know out of the area they're you know not locals they're not they're not shopping locally they're not buying locally it's you know the problem we often run into with big corporations just buying up land or houses or whatever and doing what they want. If you have a short-term rental, there's one cleaning solution for the short-term rental, and it's the folks at Charlottesville Sanitary Supply.

61 years in business, Charlottesville Sanitary Supply. The Vermilion's own Charlestful Sanitary Supply. You can visit them online at charlesfelsanitary Supply.com. They have a fantastic deal on Mila Vacuums, the discount, Judah Wickhauer. discount is 25% off on not just vacuums, but vacuum products as well. Charlottesville Sanitary Supply in business for 61 years and run by a family with five generations of ties to Almorel County. The Manhattan socialites that own the short-term rental and deep throats very premier and prestigious in Tony City neighborhood, they are, in fact,

as you said, Judah, literally taking tax dollars away from the city. Unregistered, unlicensed, undocumented, no tax collection, a bawling out in Manhattan while their mansion is flush with visitors, deepening their pockets and their wealth. And then besides tax money, there's also the money that they make from renting it out. And they're not spending that in the area where the short-term... instrumental exist. It gets back again to something that I've seen,

unfortunately, too many times with Charlottesville not being able to get out of the way of itself. It could not get out of the way of itself with this camping, sheltering, ordinance. Okay? I would imagine that's going to be back on the table after they're going to spend soup to nuts more than $10 million on a homeless shelter on holiday. drive. That's a years away though. I wouldn't say it's years away.

You don't think? The remodel I would hope would be finished close a business 2026 if not sooner. I would hope time will tell. The city can't get out of its way with the short-term rentals. I mean just

it's a long example of this. Jason Noble's photo on screen. Another option in the city is a medium-term rental. It's a great option for running a room or small place in the 1,200 to 1,600 range. Give me more insight into what you mean by medium-term rental, Jason Noble, and I'll relay those comments live on air.

John Blair's photo on screen, number two in the family. He says, one thing that the short-term rental conversation should not focus on is housing. New York City implemented the heaviest, short-term rental regulations in the nation, the Wall Street Journal did a deep dive on the effect of the regulation on housing vacancies and prices. The journal found that the regulations after two years did not have any material effect on rents or vacancies. Whatever the merits or demerits there are in the short-term rental debate, I don't think that they have a serious effect on increasing or decreasing the housing supply. So John Blair, who works in local

government and is an extremely intelligent person is pushing back directly on the gentleman who sent us the text message who's advocating for short-term rentals saying it will have an impact on housing supply. I'm with John on this. I also want to emphasize with all the new development and all the incremental jobs that are coming to this market. It's clear we have a potential housing crisis as it applies to single family detached housing. I don't think there is a housing crisis in the least when it applies to multifamily housing or apartment or attached housing, certainly not rentals. Especially with all the, everything that's coming to our area. Single family detached housing in Charlottesville and Almore County, there's going to be a housing crunch without question.

And that's still the American dream, but for how much longer? Jason Noble says the medium rental, he's talking about monthly furnished rentals for traveling professionals. Great comment from Jason Noble. We and one of our rentals leased during COVID to the traveling nurse. And for folks, it was at a two and a half X clip of what market rent would suggest, the traveling nurse. And that was also because of the shorter nature of the lease. All right, 110 marker. More comments, Judah Wickhauer.

Next headlines, put them on screen. We've got Paul Manning defending his actions as well as, you know, by proxy Sheridan's and the rector and vice rector. Paul Manning is the articles in Virginia Business. Virginia Business.com, the headline Manning defends, UVA negotiations with the DOJ, Paul Manning has penned a letter, which he sent yesterday to UVA's faculty, Senate, and fellow board members defending his actions in university negotiations with the U.S. Department of Justice. Paul Manning, frankly speaking, was thrown under the bus by Jim Ryan when Jim Ryan wrote a letter,

you know, basically airing, you know, showing the dirty laundry in the skeletons of the closet of this entire process. since Jim Ryan's letter there's been a game of what's it called dominoes when you tip one over and it creates a chain reaction of letters that have followed suit

now Paul Manning isn't the mix it would strike me if I was Jim Ryan that you should not have an enemy like Paul Manning you want to set the stage of what's going on here Judah Wickhauer I think you did a pretty good job of it

But, yeah, Manning is giving similar arguments to the arguments that interim President Mahoney was giving to senators, Democratic senators in his address, the state Senate subcommittee, and basically saying that whether or not the government was going to do anything to UV. just the fact that they could withhold funds for a period of time would have done a lot of damage itself. And Manning is stating that he considers Ryan a friend, and his arguments were made in, what's the word I'm looking for, in good faith, and that he thought that at the time that he spoke with Ryan, that this was the best course of action. Paul Mahoney, the interim president is saying

the agreement with the Department of Justice was the smart move. He's made that argument which is compelling in front of state senators, which basically have called him in VMI leadership in front of Virginia senators. Paul Manning is making the same argument. Rachel Sheridan, Porter Wilkinson,

is making the same argument. Jim Ryan is saying something completely different. Abigail Spamberger is basically alluding that she's going to blow up the BOV. Virginia Democrats are chastising UVA BOV members and Mahoney, the interim president for entering into this agreement with the DOJ, which allows the DOJ quarterly audit of the University of Virginia to see if DEI, among other things, has truly been eradicated. But I don't believe that's free access. Virginia provides the information to them quarterly, and the DOJ, if they don't feel the university of Virginia is being transparent enough,

can take it a step further. But that would involve dissolving the agreement. Whereas there are other ways this could have ended, where the DOJ would have potentially had greater access to UVA and more ability to put the hurt on UVA. Yeah, they could have taken the money. They leveraged the $500 million to $1 billion, depending on who you ask, a year in federal funding, which would have, without question, translated into layoffs and research being halted.

Okay, if I, there's Jim Ryan's side, there's Rachel Sheridan's side, and there's somewhere the truth in the middle. But I, from where I stand, going into an agreement with the Department of Justice, and are they overreaching, yes. but it's the playing field that UVA had to deal with at the time and entering into this agreement to preserve $500 million to $1 billion in federal funding depending on who you ask and who's doing the counting

was the right move. Well, also not paying out any money to the DOJ like several other universities did. Yeah. Was the right move. If Harvard and Deep Throats watching the program, he's a Harvard alum, if they want to go balls to the wall and to war with the Department of Justice and the Trump administration,

props to them. I think Harvard's endowment is, is it five times the size of UVAs? Harvard, U, University Endowment. I should know that. That's number one. They have 56.9 billion, right? UVAs is 15. More than three times. So we're talking, what, three and a half times the size? At least, yeah. So, you know, Harvard, you want to go to war with them? That's fine. The University of Virginia is not in a position to do that. Okay. Research would have been halted and jobs would have been cut. And Mahoney made the right move.

Okay. And the reality is Sheridan and Wilkinson are going to fall in the sword when Spanburgers in the governor's office. Probably. And there'll be sacrificial lambs. They'll be stigmatized and scapegoated for the rest of their lives. This will follow them on the internet from here until their death. That's why I've advised Sheridan and Porter Wilkinson, if they care, you can control the narrative a little bit more with a resignation. Or you can go and be fired. And then you will be number two and number three in UVA B-O-V history who's been fired from one of the most prestigious and premier boards in all of the Commonwealth, Bert Ellis being number one. Bert Ellis, whenever someone talks about Bert Ellis, at his eulogy, everywhere except for his tombstone, it's going to say, Bert Ellis fired from the UVABOV. When his,

Obituary is written, it will say, fired from the UVA BOV. It may or may not be etched on his tombstone, depending if the Jim Ryan henchman have anything to do about it or not. That's Sheridan and Wilkinson's future and legacy waiting to happen as well. And they must understand that. Next comments. Judah Wickcaro. Next headline.

What do you got? We have a fly stop. All right. A Richmond business that is buying up properties. Deal flow from our firm. You want to set the stage here? Yeah, Flagstop Car Wash has been acquiring a lot of smaller businesses, building their own position.

And they are currently the leading market position in Richmond. they're recognized as one of the top 25 fastest growing companies in Richmond and they've purchased recently a clean machine a flex car wash in Charlottesville as well as aqua wash

an express car wash in Zion Crossroads I um I I am choosing my words carefully of this because of associations and ties here. There is some surprise on my end, some, that the Sutton's and Tiger didn't buy these up first, a loud flag stop in the market.

That's the extent of what I'm going to say on that. It is a talk show, and I need to provide you compelling content. But I need to do it in a way while also respecting deal flow and anonymity. I am somewhat surprised on that. Okay. The flagstop car wash is a major player. Okay. They are purchasing onesies and two zies and rolling them into a portfolio.

And they're well-financed, they're backed, they have perspective, they have strategy, they have leadership, they have expansion plans, they have capital. This is the heaviest of, you know, this is a heavy, heavy hitter, a company founded in 1981. Okay, 1981. So you have decades here and significant money behind it. The car wash business is extremely lucrative. I am bullish on a handful of businesses that are cash cows. One of them is car wash, especially with the automation that is associated with car washes set up the right way. I also have a client that's in the storage business, and I have to be careful what I say here.

This client that's in the storage unit business locally and elsewhere is effing printing money. He has one employee in a boatload of automation at each of his storage headquarter storage locations. These are storage that are HVAC'd and air condition and heated. The top line storage. And these machines, these operations, these models run themselves, ladies and gentlemen, with like a $12 or $14 or $15 an hour employee and a bunch of technology. they are cash cows now it takes money to set them up but they are cash cows okay i am

surprised that tiger allowed these folks in the market instead of quartering the market for their own yeah that's the extent of what i'm going to say uh on that topic but that's some deal flow for you flag stop is no joke it is no joke and this comment comes in and i'm not going to say from whom these guys just walked into the market and after what they spent it's an absolute bummer of a day for small business and that's someone that's tied to the space

and this is something that was in the notebook ready to relay on the 23rd of October. It is now being passed on to you on December 2nd. All right, next topic. What do you got? Judah Wiccarra. Senator Warren. All right, I want to spend about 60.

I want to spend about two minutes on this. Mark Warner is 70 years old, Judah. Yeah. Mark Warner has promised Virginians that he's not going to be a career politician. Mark Warner has indicated he is going to run for re-election. He announced that today. Mark Warner is 70 years old.

I'm not an ageist. He's 70 years old. This will be what? His fourth term? Yeah, this will be his fourth term. He's going to run on a platform that is worked salad. Affordable housing, universal health care, growth in manufacturing and infrastructure,

gun control and support veterans. Mark Warner's platform is akin to the seventh grader who ran on a platform that math is going to be replaced by recess and that we're going to get free snicker bars and pizzas and Tootsie Roll Pops every day that you walk into school and there's no more homework. That's what Mark Warner's platform is. He's 70 years old if he wins and he ran last time by 500,000 plus, won last time by 500,000 plus votes.

He will finish as a 75-year-old. I'm not an ageist, but I'm one that wants to let some youthful young blood in the mix. Think about what we have. Warner potentially, Tim Cain, how long has it been around? Mark Warner, how long has he been around? Since 2008. Front of the program, David Tiscano, how long was he around?

Creed Eads, how long has he been around? Anne Malik. This is Malik's fifth term on the board of supervisors. The Anthem Akiel, she's finally retiring. Ned Galloway, his third term. Lloyd Snook is second. Michael Payne has second. Waddeago Wade's going to approach his second.

Next topic, what do you got? Meta, Instagram. Instagram is requiring its employees to return to office five days a week. I'm surprised they're still out there. I applaud Meta for this, and I'm going to catch so much heat. Get back to work, get back in the office, in person, work is way better than screen work, Zoom work, teams work, whatever you want to call it. There's no better way to create a culture or to build company momentum or work on a mission

as a team than face-to-face in-person, sweating, success, failing together. But you think that's top-down for everyone the best thing? We're human beings. Human beings are meant to connect in three-dimensional spaces. Says the extrovert. We are not meant to connect in our best capacity through one-dimensional spaces and screens. Eventually, could that change? Maybe, but the technology, even with teams and Zooms, is not there.

And I understand I'm an extrovert, and I understand I own commercial real estate, and that commercial real estate has more value when there's butts and fannies working in that real estate. I get it. But I also have clients that have tried to do the digital, work remote, hybrid work, whatever the heck you want to call it, excuse my language, and they've said it's an absolute nightmare. They're not sure if people are working, where they're working from, how focused they are, et cetera, et cetera, et et cetera. It takes an incredibly unique skill set, a motivated skill set to work 50, 60 hours a week by yourself, and to produce at a clip that would be the same with your boss sitting next to you

in an office. Oversight is important for accountability in production. That's what I found, what my clients are saying. My two cents. The last headline is at football? I think so. The line has moved. It open at two and a half, Duke and Virginia. The winner of this contest, no, excuse me, I have to choose my words carefully. If UVA wins, they go to the college football playoff. If UVA loses to Duke, JMU is going to go to the college football playoff, and the Atlantic Coast Conference is not going to have a representation or representative in the college football playoff. So if you're an ACC fan, you pull for UVA. If you're a Duke fan or a

JMU fan, you pull for Duke. If you're a UVA fan, you know who you pull for. The line open at two and a half. It's now three and a half. So the betting line, at least the early betting flow, is on Virginia. We'll see what the sharps do as we get

closer to kick off. Cam Robinson not playing. That impacts things, but this Virginia football team on paper has entirely too much talent to lose to Duke. We'll give some love to Oak Valley Custom Hartscapes, if there's a hardscape dream or a hardscape idea that you have, there's only one company you call, and it's Oak Valley Custom Hardscapes. Whether it's at your home, a fire pit, a patio, around your swimming pool, some kind of outdoor

kitchen, or it's at your business, this team at Oak Valley Custom Hardscapes can make it something special. And I'll tell you what, they're downtown design center. is impressive in the Wells Fargo building, and their local point of contact, Tim Hess knows heartscapes like, what? My brother knows hobos in his front yard in California. He's going to hate me for saying that. It's just, they have a really nice house.

Got some hobos there. It attracts hobos, I guess. That's the talk show. Judah Wickhauer, Jerry Miller, the I Love Seville Show. So long.