WEBVTT 1 00:00:01.120 --> 00:00:07.320 Inspiring interviews with Today is Top Landlord, This is the Rental Income Podcast, 2 00:00:07.719 --> 00:00:12.599 and now damnly. There's a lot of great things about owning rental properties, 3 00:00:12.640 --> 00:00:16.359 and we talk about them all the time here on the podcast, but I'd 4 00:00:16.399 --> 00:00:20.879 like to keep things real and share bad stories every now and then. And 5 00:00:21.679 --> 00:00:26.120 Kathy, unfortunately, you have one of those bad stories. Tell me what 6 00:00:26.239 --> 00:00:31.960 happened, Well, Dan, I rented out my home and the tenant set 7 00:00:32.039 --> 00:00:37.640 up a meth lab and destroyed my home, costing me literally hundreds of thousands 8 00:00:37.640 --> 00:00:42.759 of dollars. That is so devastating. You're investing in rental properties to make 9 00:00:42.840 --> 00:00:47.240 money, not to lose hundreds of thousands of dollars. Well, on the 10 00:00:47.280 --> 00:00:50.960 show today, we're gonna figure out what happened. We'll hear Kathy's story and 11 00:00:51.000 --> 00:00:54.640 see if we can figure out if maybe she missed something or if there's something 12 00:00:54.759 --> 00:00:58.600 she could have done to avoid having this happen to her. First, let's 13 00:00:58.600 --> 00:01:02.280 take a quick break, we'll thank our sponsors, we'll come right back and 14 00:01:02.320 --> 00:01:04.920 we'll talk to Kathy McCarty from Denver. It's a lot of work to find 15 00:01:04.959 --> 00:01:08.359 a really good rental property, and when you actually find that property, you 16 00:01:08.359 --> 00:01:11.920 want to make sure you're working with a lender that can get that loan closed. 17 00:01:12.400 --> 00:01:17.519 The lender that I recommend is jay Lee Ridge from Ridge Lending Group. 18 00:01:18.000 --> 00:01:23.840 She's a nationwide lender and her specialty is helping investors finance rental properties. She 19 00:01:23.920 --> 00:01:27.000 has a ton of loan programs and she can find something customized to you for 20 00:01:27.079 --> 00:01:30.920 your situation. If you want to find out more or you're ready to get 21 00:01:30.920 --> 00:01:38.200 started today, just go to Ridge Lendinggroup dot com. That's our Idge Lendinggroup 22 00:01:38.239 --> 00:01:44.439 dot com. N MLS four two zero five six Rental Income Podcast, Kathy. 23 00:01:44.760 --> 00:01:49.480 I'm thinking that if this happened to me, I might not know about 24 00:01:49.480 --> 00:01:52.719 it. I mean, I don't go to my rentals every day to check 25 00:01:52.760 --> 00:01:56.680 on it. How did you find out that this was happening at your property? 26 00:01:57.439 --> 00:02:00.640 Well, that's a great question, Dan, I its somewhat of divine 27 00:02:00.719 --> 00:02:08.159 intervention. I had a maintenance issue at my home. The property manager reached 28 00:02:08.199 --> 00:02:15.879 out to me that there was some type of water leak there and they were 29 00:02:15.919 --> 00:02:22.280 having their plumber work on minor repairs. And when I got a text the 30 00:02:22.319 --> 00:02:27.599 next morning that there was some digging going on. Our conversation the night before 31 00:02:27.800 --> 00:02:32.719 never went over any type of digging, and I went up to the property 32 00:02:34.280 --> 00:02:40.879 and discovered a large piece of excavation equipment on the property with a very significant 33 00:02:43.520 --> 00:02:46.639 hole that they had already dug ten foot long, several foot wide, and 34 00:02:46.719 --> 00:02:53.159 several foot deep. And that was certainly alarming, given that after I spent 35 00:02:53.240 --> 00:03:00.879 some time on the property with the excavating individual, I wandered behind the property 36 00:03:00.039 --> 00:03:07.280 and discovered equipment that I could not recognize, and with photos, I went 37 00:03:07.360 --> 00:03:13.039 down to our local SHAFF substation where I showed them those photos and that turned 38 00:03:13.080 --> 00:03:20.400 out to be an extraction system to remove THHC from cannabis, and with that 39 00:03:20.599 --> 00:03:23.879 they were able to get a search warrant within a couple of days and then 40 00:03:23.960 --> 00:03:31.800 discover the equipment, the ingredients and a significant amount of methanphetamine along with other 41 00:03:31.919 --> 00:03:39.000 drugs, a small arsenal of guns and more, just more. You had 42 00:03:39.039 --> 00:03:45.400 an idea by looking at the equipment that this could be drug paraphernalia or something 43 00:03:45.439 --> 00:03:50.280 that was used to manufacture drugs. There was there was. It was certainly 44 00:03:50.360 --> 00:03:55.439 suspect and when I when I reached out to the manager about what I had 45 00:03:55.479 --> 00:04:01.919 discovered, I was met with some resis assistance of and the response was, 46 00:04:02.599 --> 00:04:08.080 we don't know what he's doing is illegal, and that was very suspect too, 47 00:04:08.280 --> 00:04:14.639 So I realized that I had to be my own advocate and take matters 48 00:04:14.639 --> 00:04:16.879 into my own hands. At that point, the police get the search warrant, 49 00:04:16.920 --> 00:04:19.480 they go in the house, that they figure out what's going on. 50 00:04:20.240 --> 00:04:25.920 Well, I would think, now you've got a problem because now there's a 51 00:04:25.920 --> 00:04:30.759 crime going on, there's drug manufacturing going on. But you can't just kick 52 00:04:30.800 --> 00:04:33.079 the people out. You've got to go through the eviction process. So how 53 00:04:33.079 --> 00:04:38.800 did you well, what did you do from there? Yeah, that's a 54 00:04:38.800 --> 00:04:43.240 great question. And that's what I found out, is that he was They 55 00:04:43.319 --> 00:04:48.279 did eventually catch up with him and arrest him on a dozen felony counts, 56 00:04:48.319 --> 00:04:54.399 and he was looking at a significant amount of jail time on those counts, 57 00:04:54.480 --> 00:04:57.560 but he had taken off and they caught up with him and they arrested him. 58 00:04:57.920 --> 00:05:00.480 And then I did have I did go through the process of hiring an 59 00:05:00.480 --> 00:05:08.120 attorney and spending over a month through an eviction process to gain access to the 60 00:05:08.160 --> 00:05:14.839 home where I felt it was safe. Then to have service providers to help 61 00:05:14.920 --> 00:05:20.720 me evaluate the water issue that I had, and then ultimately to learn about 62 00:05:21.120 --> 00:05:27.920 what was being manufactured there, which was methamphetamine inside the home, and what 63 00:05:27.959 --> 00:05:32.839 that meant for the property and my next steps. It was a hundred huge 64 00:05:32.839 --> 00:05:38.279 turtles, especially in those first hundred days. Now it sounds like this property 65 00:05:38.360 --> 00:05:41.160 is in a normal neighborhood. This was a house that you had lived in, 66 00:05:41.319 --> 00:05:45.120 so it wasn't like this was a neighborhood where this kind of stuff goes 67 00:05:45.160 --> 00:05:50.480 on. No, this was literally in the foothills west of Denver, in 68 00:05:50.519 --> 00:05:57.360 a very nice bedroom community. I had chose to rent it out temporarily after 69 00:05:57.439 --> 00:06:01.800 my youngest son went off to college after a health event that I had to 70 00:06:01.920 --> 00:06:06.120 work on my next chapter. And uh, that seemed like a sensible solution, 71 00:06:06.240 --> 00:06:11.639 but it pretty much did turn into my worst nightmare. You could actually 72 00:06:11.680 --> 00:06:15.040 see, Uh, I was close into the downtown area. I was behind 73 00:06:15.079 --> 00:06:20.040 the library to the community and our local shriff substations. So, uh, 74 00:06:20.319 --> 00:06:25.439 this wasn't you know, in out in the boonies in the middle of nowhere, 75 00:06:25.600 --> 00:06:30.319 or in an inner city where there was a lot of crime and activity 76 00:06:30.480 --> 00:06:35.560 like like you would tend to believe could happen. So with with them cooking 77 00:06:35.680 --> 00:06:40.879 meth so you have these meth toxins that that are in the house, But 78 00:06:41.079 --> 00:06:46.399 like what does that mean, Like are these dangerous if someone were to go 79 00:06:46.480 --> 00:06:49.480 in the house after they'd been cooking math? Well, that's that was part 80 00:06:49.480 --> 00:06:57.360 of the education process that I learned, is that weather meth is consumed by 81 00:06:57.519 --> 00:07:02.279 smoking it or manufact action in it, which would cause obviously a higher concentration 82 00:07:02.399 --> 00:07:08.439 of toxins. It's released into the air in a residue that has a petroleum 83 00:07:08.439 --> 00:07:12.879 base to it, and it's very sticky and very it gets into all the 84 00:07:12.920 --> 00:07:18.120 nooks and crannies of all porous materials as well as our ventilation systems and whatnot, 85 00:07:18.639 --> 00:07:23.639 and it is if you look at the ingredients of what goes into making 86 00:07:23.680 --> 00:07:30.720 meth, it's very toxic and it's very dangerous to all living individuals, including 87 00:07:30.519 --> 00:07:35.680 our pets. And some of the standards that are set up in the States 88 00:07:35.759 --> 00:07:45.279 or they use a child size body mass to help design the criteria for tolerance 89 00:07:45.279 --> 00:07:50.120 of meth toxins because children are much more susceptible to the smaller body sizes. 90 00:07:50.800 --> 00:07:56.319 So I'm guessing that this is in a matter of getting a cleaning service over 91 00:07:56.360 --> 00:08:01.360 there and getting the carbon steam cleaned or something. This sounds like a more 92 00:08:01.480 --> 00:08:07.279 involved process to get this out of the house. So what's involved with cleaning 93 00:08:07.279 --> 00:08:13.360 your house after this great question? It's a very involved process, and the 94 00:08:13.360 --> 00:08:20.839 states that have regulations on it, many of them have states certified testers or 95 00:08:20.879 --> 00:08:28.920 individuals organizations that are approved that go through specialized training to certify whether a property 96 00:08:28.000 --> 00:08:33.480 is cleared of and meets the standards that they have set up for meth contamination. 97 00:08:33.679 --> 00:08:37.279 And then there are companies that are set up as remediation companies that have 98 00:08:37.360 --> 00:08:43.600 to go through a protocol process to extract and remove the math. You can't 99 00:08:43.639 --> 00:08:50.679 just wash it off your clothes or your carpet. In many incidences, because 100 00:08:50.679 --> 00:08:56.399 it's so porous and in high concentrations, a property may be needed to be 101 00:08:56.480 --> 00:09:01.399 gutted down to the studs and even rebuild carpeting, pulled out padding and whatnot. 102 00:09:01.440 --> 00:09:05.799 It's it's very dangerous, very dangerous to the health and well being of 103 00:09:05.840 --> 00:09:11.279 individuals. I'm hearing dollar signs here. This sounds like it's going to be 104 00:09:11.360 --> 00:09:13.799 very costly. So what did it cost you to get this out of your 105 00:09:13.799 --> 00:09:22.440 house? Again? Another great question. My home was literally unremediatable. The 106 00:09:22.559 --> 00:09:28.679 levels were so high from the contamination of manufacturing it, and because my home 107 00:09:28.919 --> 00:09:35.399 was a nineteen fifty six restored cabin all wood, very porous, there was 108 00:09:35.440 --> 00:09:39.840 no dry wall to go down to the studs too, and it could not 109 00:09:39.960 --> 00:09:45.039 be remediated. And so I had several companies up there. They all, 110 00:09:45.720 --> 00:09:48.200 you know, they all were willing to try, but none of them really 111 00:09:48.240 --> 00:09:50.360 thought they were going to be successful. And a handful of them gave me 112 00:09:50.519 --> 00:09:56.279 bids to give it a try, but through my due diligence and talking to 113 00:09:56.320 --> 00:10:03.120 the experts, it was not re idiatable. And then the next big shocker 114 00:10:03.240 --> 00:10:07.840 for me is that I found out that insurance does not cover this. Our 115 00:10:07.960 --> 00:10:15.080 standard insurance policies don't cover this type of situation. The tenants policy did not 116 00:10:15.279 --> 00:10:26.120 cover my property because of the criminal activity and his willful conduct. They declined 117 00:10:26.159 --> 00:10:33.039 my claims as well. And under the contamining clauses of our homeowners policies, 118 00:10:33.879 --> 00:10:37.639 most properties under residential real estate are not covered. And so again that was 119 00:10:37.679 --> 00:10:43.799 another shocker. Incredible, this almost doesn't seem real, like this is like 120 00:10:43.879 --> 00:10:50.480 the worst case scenario that could happen. So your landlord policy isn't going to 121 00:10:50.559 --> 00:10:56.480 cover this. And then the tenants their renter's policy also wouldn't cover it. 122 00:10:56.720 --> 00:11:03.159 Nope, anything. That's what I ended up again doing some significant due diligence 123 00:11:03.159 --> 00:11:09.879 in the insurance industry, not just locally, not through just major careers, 124 00:11:09.879 --> 00:11:11.799 but a lot of the brokerages. And to date, I have yet to 125 00:11:11.919 --> 00:11:18.080 find an organization that has an endorsement or any type of policy and residential real 126 00:11:18.159 --> 00:11:26.039 estate that will cover meth amphetamine toxins, except in maybe the case where somebody 127 00:11:26.080 --> 00:11:33.600 broke into a home and under vagrant vandalism, they might cover it that way. 128 00:11:33.759 --> 00:11:37.879 And so that's what I found out is happening. Commercial could be different, 129 00:11:39.679 --> 00:11:46.639 and so I encourage individuals to reach out to their specific agencies organizations, 130 00:11:48.519 --> 00:11:54.639 talk to the underwriting teams and find out and drill down and get granular about 131 00:11:54.639 --> 00:11:58.200 their policies and what's covered, but then mostly what may not be covered, 132 00:11:58.240 --> 00:12:07.080 because I was especially surprised that his criminal activity would would void his policy on 133 00:12:07.159 --> 00:12:13.080 my property as well, and so that leaves investors, lots of landlords and 134 00:12:13.120 --> 00:12:18.480 whatnot, very very very exposed. At this point, knowing that I realized 135 00:12:18.720 --> 00:12:24.000 you're not an insurance agent, everyone should check with their own insurance company. 136 00:12:24.039 --> 00:12:31.879 But from your understanding, is this pretty standard that most insurance policies will not 137 00:12:31.000 --> 00:12:37.039 cover this. From the due diligence that I've done over the last five plus 138 00:12:37.159 --> 00:12:41.200 years, I have yet to find anybody that has confirmed us with me. 139 00:12:41.320 --> 00:12:46.080 And I keep and I do keep checking. And these are all the major 140 00:12:46.159 --> 00:12:52.799 carriers and brokerages that represent one hundred plus different individual carriers and whatnot. So 141 00:12:52.879 --> 00:12:58.000 I have yet to find it. And I keep trying to find organizations that 142 00:12:58.039 --> 00:13:03.960 would consider, you know, uh, you know, a test beta test 143 00:13:03.000 --> 00:13:07.679 on this. What I've learned is there's really no FEMA for meth. There's 144 00:13:07.720 --> 00:13:11.120 no government agency out there that'll help you. You have to uh pretty much 145 00:13:11.200 --> 00:13:18.399 tap into your organization's charitable options through your church, family, friends, and 146 00:13:18.440 --> 00:13:22.519 whatnot. It's a very expensive process to tell me what you did, because 147 00:13:22.559 --> 00:13:26.759 I'm trying to picture myself in your shoes, and I would I think I 148 00:13:26.799 --> 00:13:31.879 would feel like my life is over because now this house is destroyed. I 149 00:13:31.879 --> 00:13:35.360 mean, there is nothing you can do with this house. What do you 150 00:13:35.799 --> 00:13:39.960 what did you do? Like? What was the next step? Like? 151 00:13:41.000 --> 00:13:43.840 How did you get out of this? Yes? I literally got out of 152 00:13:43.879 --> 00:13:46.639 it for what I still owed on my mortgage. I lost all my equity, 153 00:13:48.200 --> 00:13:50.600 and I think I got a one hundred dollars check back from the title 154 00:13:50.639 --> 00:13:54.559 company after I paid it. You know all the you know, the real 155 00:13:54.679 --> 00:14:00.279 estate individuals and you know, all the title work and things like that, 156 00:14:00.559 --> 00:14:05.200 and and so I put that piece behind me. But I was within single 157 00:14:05.240 --> 00:14:11.240 digits of paying my home off. And I am not young, and uh, 158 00:14:11.320 --> 00:14:13.480 you know that was supposed to be, uh, the home that I 159 00:14:13.519 --> 00:14:18.879 lived in and eventually the legacy I would leave to my children y and and 160 00:14:18.919 --> 00:14:22.039 their love and you know, my grandchildren. I want to try to figure 161 00:14:22.080 --> 00:14:28.279 out what what our listeners could do to make sure that something like this doesn't 162 00:14:28.320 --> 00:14:35.519 happen to them. So did so when you when your property manager rented out 163 00:14:35.519 --> 00:14:39.759 the property, did they do any kind of a criminal background check on your 164 00:14:39.799 --> 00:14:45.320 tenant? Well, when I when I learned about all this, I asked 165 00:14:45.360 --> 00:14:48.000 for the vetted file and and it did not have anything in it but one 166 00:14:48.039 --> 00:14:52.320 piece of paper and that was the application. So they never even pulled a 167 00:14:52.320 --> 00:14:58.519 credit report. And so yes, I would there's uh, there's there's a 168 00:14:58.559 --> 00:15:05.360 process that I would take individuals through a vetting process upfront that would include a 169 00:15:05.360 --> 00:15:09.200 criminal background check, not only in the state that they're in now. But 170 00:15:09.519 --> 00:15:13.639 if you're doing an application and you see where people come from, that you 171 00:15:13.720 --> 00:15:18.879 that you pull background checks from other locations where they may have come from. 172 00:15:20.320 --> 00:15:26.600 Also to pull background checks and credit reports and do applications in vetting for any 173 00:15:26.679 --> 00:15:31.440 individual that is of age that's also going to live in the property, whether 174 00:15:31.480 --> 00:15:37.519 they're family or friends visiting. You know, just to have a standard set 175 00:15:37.559 --> 00:15:43.159 in place that you're going to just do more due diligence than what may be 176 00:15:43.879 --> 00:15:50.360 currently thought of as normal and customary. I also think it's really important, 177 00:15:50.000 --> 00:15:54.759 especially is that if you have a management company, and there's a lot of 178 00:15:54.759 --> 00:15:58.399 great ones out there, but that you have those very you know, very 179 00:15:58.440 --> 00:16:04.080 specific conversations upfront as to the process and protocols that they follow and that you 180 00:16:04.240 --> 00:16:08.559 follow through with them, that they actually did that that's part of one of 181 00:16:08.600 --> 00:16:12.559 the mistakes that I made is that I took their word for it and I 182 00:16:12.639 --> 00:16:22.279 didn't ask for the specific documentation that they collected and help them make the decisions 183 00:16:22.279 --> 00:16:26.120 of who was going to be in the property. So to take to take 184 00:16:26.159 --> 00:16:30.440 your power back, not to just take full control over to somebody else, 185 00:16:30.480 --> 00:16:34.759 but to be involved in those decisions making you know, I think this is 186 00:16:34.759 --> 00:16:38.480 going to be in your home. The difficult thing is a lot of property 187 00:16:38.519 --> 00:16:45.440 managers won't share that information with owners. So I think that's maybe something to 188 00:16:47.000 --> 00:16:51.080 when you're screening a property manager, to make sure you can look at that. 189 00:16:52.480 --> 00:16:56.399 Do you know if your tenant had a criminal background, like would would 190 00:16:56.440 --> 00:17:00.759 you have found anything if you had looked at a background? Well, there 191 00:17:00.759 --> 00:17:07.279 were certainly things that I found on the credit report at that time that it 192 00:17:07.519 --> 00:17:14.480 would not have met the the I was told that he was a highly qualified 193 00:17:14.480 --> 00:17:18.400 business owner in the entertainment industry, and he wasn't. He worked. He 194 00:17:18.440 --> 00:17:23.000 worked for somebody else, and and he was fully margined on all of his 195 00:17:23.200 --> 00:17:29.759 credit and his applications, so his his probable debt to income ratio would not 196 00:17:29.880 --> 00:17:33.960 have met any sort of criteria. He was basically probably borrowing from Peter to 197 00:17:34.000 --> 00:17:42.839 pay Paul, So he had no mess issues in his background. But that's 198 00:17:42.880 --> 00:17:48.200 not to say he didn't have issues that may not have met the criteria had 199 00:17:48.440 --> 00:17:52.079 had it been reviewed, all right, So that's that's the first thing there 200 00:17:52.319 --> 00:17:56.720 that I think if someone's going to walk away with some ideas on how to 201 00:17:56.759 --> 00:18:02.799 avoid something happened, you really got to be careful and thorough on that background 202 00:18:02.920 --> 00:18:06.519 check, and it sounds like if your manager had been more thorough, you 203 00:18:06.559 --> 00:18:11.079 maybe could have avoided this situation. Now I know you've found this by visiting 204 00:18:11.119 --> 00:18:17.440 the property. That's not something that I do or that I believe a lot 205 00:18:17.480 --> 00:18:22.799 of my listeners do on a regular basis. Do you think that's really important 206 00:18:22.799 --> 00:18:27.880 to have maybe a schedule where you do inspections. Absolutely, And I've learned 207 00:18:27.880 --> 00:18:33.680 from some experts in property management since then reaching out to them and getting some 208 00:18:33.720 --> 00:18:40.039 best practices. It's okay to build into the least that you're going to be 209 00:18:40.079 --> 00:18:44.319 doing some type of inspection. You may even want to just build it into 210 00:18:44.480 --> 00:18:48.200 your rois to the cost. But you know, have landscaping done, have 211 00:18:48.720 --> 00:18:55.720 an internal thorough potential cleaning once a year, something like that, along with 212 00:18:56.279 --> 00:19:02.119 reapplying, having your current tendans reapply over and over again because things can change 213 00:19:02.119 --> 00:19:07.279 in their life and behaviors can change. So it's important to do that and 214 00:19:07.640 --> 00:19:12.920 to protect your property because I know there's a lot of great management companies out 215 00:19:12.920 --> 00:19:17.599 there, but you have to find out are they doing inspections and how are 216 00:19:17.640 --> 00:19:22.119 they doing their inspections and what comfort levels that you have with all of that, 217 00:19:22.279 --> 00:19:26.160 because ultimately you're the one who owns the property and you're the one who's 218 00:19:26.160 --> 00:19:30.359 going to ultimately live with the impacts of others. Actions good are bad, 219 00:19:30.640 --> 00:19:36.000 So all right, so background check and visiting the property. Is there anything 220 00:19:36.039 --> 00:19:40.839 else that you wish you had done or that maybe would have helped you to 221 00:19:40.920 --> 00:19:45.160 avoid this situation? Well, I would have in the lease. I certainly 222 00:19:45.200 --> 00:19:51.319 would have built it into my agreement with my property management company that I would 223 00:19:51.359 --> 00:19:55.960 be part of the decision making process and made sure that any tenant that was 224 00:19:56.440 --> 00:20:03.039 considering being in there give me authority, written authority to review the same documents. 225 00:20:03.440 --> 00:20:07.640 I had the background, the credit background to review income as well as 226 00:20:08.240 --> 00:20:12.559 credit documents that would have helped me make a decision that he wouldn't have been 227 00:20:12.599 --> 00:20:18.079 the right tenant because he was over extended, at least on paper. He 228 00:20:18.200 --> 00:20:22.319 was obviously supplementing his income through criminal action, and then I would have been 229 00:20:22.359 --> 00:20:29.880 able to I would also have those very frank conversations with knowing what my insurance 230 00:20:29.880 --> 00:20:33.559 would and would not cover. I hear they cover you know, and I 231 00:20:33.640 --> 00:20:40.279 say this in a very lovingly way, they cover stupidity in making mistakes like 232 00:20:40.319 --> 00:20:42.160 a fire, you know, baking, grease, things like that, but 233 00:20:44.680 --> 00:20:48.200 they don't cover criminal action, and so what does that mean of all different 234 00:20:48.200 --> 00:20:55.400 types criminal action? And just just have a very clear understanding of what you 235 00:20:55.400 --> 00:20:57.839 know, what your options are. After I finished recording this interview, the 236 00:20:57.960 --> 00:21:02.519 very first thing I did is call my insurance agent to see if I had 237 00:21:02.559 --> 00:21:07.759 coverage for meth toxins and she said I don't, and that she didn't know 238 00:21:07.799 --> 00:21:12.480 of any insurance companies that provide any kind of coverage for meths. So definitely 239 00:21:12.559 --> 00:21:17.279 check with your insurance company, do your own due diligence. But it seems 240 00:21:17.319 --> 00:21:22.119 like what Kathy was saying is correct that this isn't something that's going to be 241 00:21:22.160 --> 00:21:26.240 covered by insurance. Well, if anybody wants to reach out to Kathy, 242 00:21:26.400 --> 00:21:32.880 I've got her contact information on the website. Kathy has also started an organization 243 00:21:33.039 --> 00:21:37.240 called meth Toxin's Awareness Alliance. If you want to check out her website to 244 00:21:37.319 --> 00:21:41.799 learn more. I've also got a link to that on the website. You 245 00:21:41.839 --> 00:21:47.920 can find it at Rental Income podcast dot com. Slash episode four seventy seven. 246 00:21:48.440 --> 00:21:52.440 I'd like to thank chay Lee Ridge from Ridgelandon Group for sponsoring today's episode. 247 00:21:52.960 --> 00:21:56.799 If you're looking to buy a rental property, whether you're just getting started 248 00:21:57.039 --> 00:22:02.359 or you want to add to your portfolio, reach out to Chayley. She's 249 00:22:02.400 --> 00:22:07.680 a nationwide lender. She has a ton of different loan programs and she can 250 00:22:07.680 --> 00:22:11.319 find something that'll work for you in your situation. If you want to find 251 00:22:11.319 --> 00:22:15.920 out more or you want to set up a time to talk to Chayley personally, 252 00:22:15.599 --> 00:22:22.839 you can track her down at ridgelendinggroup dot com n MLS four two zero 253 00:22:22.039 --> 00:22:26.640 five six. Thank you so much for listening to the podcast today. Make 254 00:22:26.680 --> 00:22:32.160 sure you hit the follow button and you'll get notified every time I put out 255 00:22:32.200 --> 00:22:36.440 a new episode. I'll see you next Tuesday. My name is Dan Lane 256 00:22:36.599 --> 00:22:38.759 and this has been the Rental Income Podcast.