WEBVTT 1 00:00:00.680 --> 00:00:10.679 Yeah, ripped up, you didn't need advice? Who you don't have? 2 00:00:12.960 --> 00:00:17.920 Come running just as fast as we can. Shooter's gonna help. 3 00:00:18.239 --> 00:00:21.000 Come man, This is. 4 00:00:20.960 --> 00:00:27.600 The Troubleshooter Show. Now, Tom Martino, Hi, Tom Martino here, 5 00:00:27.640 --> 00:00:30.079 Welcome to the show. Three oh three seven one three 6 00:00:30.160 --> 00:00:34.240 talk seven one three eight two five five. Welcome. Let's 7 00:00:34.240 --> 00:00:37.679 talk about your problems, questions and complaints and do whatever 8 00:00:37.759 --> 00:00:40.359 we have to do to make your life a little easier. 9 00:00:40.719 --> 00:00:43.320 Say hello to the gang in the studio of your streaming. 10 00:00:43.399 --> 00:00:45.600 You can see them bottom right right now I can 11 00:00:45.600 --> 00:00:47.560 bring them up bigger in a minute. Here we have 12 00:00:47.640 --> 00:00:50.240 Joe Cannell with us, a sort of financial planner, along 13 00:00:50.280 --> 00:00:55.280 with Mark and Sue's mage and uh doc deputy doc. Okay, 14 00:00:55.399 --> 00:01:00.240 so what is on your mind today? If you uh, 15 00:01:00.600 --> 00:01:04.920 if you look at the stock market, people are very 16 00:01:05.120 --> 00:01:12.280 positive on what's going on in life. Now, here's the deal. 17 00:01:13.560 --> 00:01:16.840 If you are one of those people who like to 18 00:01:17.200 --> 00:01:20.159 mess with the stock market, you try to time things 19 00:01:20.920 --> 00:01:26.400 and your time for encouragement and your time for discouragement, 20 00:01:26.439 --> 00:01:28.480 and your time for all kinds of stuff. Then there 21 00:01:28.480 --> 00:01:31.359 are people who just sit and wait and go up 22 00:01:31.400 --> 00:01:33.439 and down over the years and We're going to be 23 00:01:33.439 --> 00:01:35.200 talking about all that, but right now I want to 24 00:01:35.400 --> 00:01:37.719 Callers always take priorities, So I'm going to go right 25 00:01:37.760 --> 00:01:44.000 to the phones. And we have Brian, who wants to 26 00:01:44.040 --> 00:01:49.879 talk about a property manager? Or are you the property manager? 27 00:01:50.000 --> 00:01:51.239 Are you the property manager? 28 00:01:51.280 --> 00:01:51.560 Brian? 29 00:01:51.640 --> 00:01:52.799 Am I reading that correctly? 30 00:01:53.799 --> 00:01:56.519 Good morning, Tom, Yes, sir, I'm Brian the alright, So. 31 00:01:56.519 --> 00:02:00.519 Let's bring up Let's bring up Brene to then we'll 32 00:02:00.519 --> 00:02:03.280 bring up Renee. She said she was a deal. What 33 00:02:03.359 --> 00:02:04.439 was Renee's issue? 34 00:02:06.280 --> 00:02:06.480 You know? 35 00:02:06.680 --> 00:02:09.879 To recap that, I'm about to recap that right now, 36 00:02:10.280 --> 00:02:13.240 as I always do. Renee moved into an apartment in March. 37 00:02:13.280 --> 00:02:17.240 She was quoted eleven ninety five for rent. However, this 38 00:02:17.400 --> 00:02:19.960 was the craziest thing. I don't know if you heard this, Mark, 39 00:02:20.319 --> 00:02:22.360 I think you did. You were on the call. Remember, 40 00:02:22.639 --> 00:02:26.280 she said she had issues, so she stopped paying rent 41 00:02:26.719 --> 00:02:32.199 for long time. Yeah, exactly for June, July, August, September 42 00:02:32.400 --> 00:02:33.240 and October. 43 00:02:33.479 --> 00:02:37.439 She's nearly six thousand dollars behind, she said, the money 44 00:02:37.439 --> 00:02:40.080 to pay for it. Now, I said, Renee, why did 45 00:02:40.080 --> 00:02:42.800 you withhold? She goes, well, I had problems and as 46 00:02:42.840 --> 00:02:46.840 a result, she said she had to spend that money 47 00:02:47.159 --> 00:02:50.360 as a result of the problem, and she said she 48 00:02:50.479 --> 00:02:54.479 spent between one and six thousand dollars on aerosol. 49 00:02:56.759 --> 00:03:00.439 Right. She said there was a putrid smell. She said 50 00:03:00.439 --> 00:03:03.360 there was a putrid smell in the apartment and a 51 00:03:03.400 --> 00:03:07.159 lot of other issues. The argument Renee's making, let's just 52 00:03:07.240 --> 00:03:09.560 cut to the chase rather than go to the math. 53 00:03:09.879 --> 00:03:13.840 The argument she was making is that the continued problems 54 00:03:13.879 --> 00:03:18.560 in the apartment cost her that much money to battle 55 00:03:18.639 --> 00:03:22.680 those problems, and therefore she could not afford to pay rent. Now, 56 00:03:22.800 --> 00:03:26.840 the math doesn't work out, okay, And technically, according to law, 57 00:03:26.919 --> 00:03:31.840 she wasn't supposed to just withhold the rent. Technically she 58 00:03:32.000 --> 00:03:35.719 was supposed to notify the landlord, give them a reasonable 59 00:03:35.759 --> 00:03:40.439 amount of time, then go ahead, and then go ahead 60 00:03:40.520 --> 00:03:45.000 and apply the money toward fixing the stuff. Then if 61 00:03:45.080 --> 00:03:47.560 that would didn't work, if she didn't have enough, she 62 00:03:47.680 --> 00:03:51.960 could evict herself, called a constructive eviction. So many times 63 00:03:52.240 --> 00:03:55.439 people just take advantage they do. If there's a problem 64 00:03:55.520 --> 00:03:57.319 with the apartment, they say, the hell with this, I'm 65 00:03:57.319 --> 00:04:00.400 not paying rent, and they stop paying rent. If anyone 66 00:04:00.439 --> 00:04:03.280 is listening right now and you're in a squabble, or 67 00:04:03.319 --> 00:04:08.000 a conflict with your landlord. That is absolutely the wrong 68 00:04:08.479 --> 00:04:11.599 way to do it. Okay, the wrong way to do it. 69 00:04:12.039 --> 00:04:16.079 So I know we heard from her on Friday. Well, 70 00:04:16.120 --> 00:04:19.360 there's one other important part. Go ahead. 71 00:04:19.439 --> 00:04:22.160 They've already been to court. The judge has already signed 72 00:04:22.199 --> 00:04:26.199 off on the eviction. I mean, it's pretty much done. 73 00:04:25.720 --> 00:04:28.720 Right, but she called us for help, and Brian wants 74 00:04:28.759 --> 00:04:31.879 to give his two cents as property manager and then 75 00:04:31.920 --> 00:04:34.480 we'll let Renee rebut that. But go ahead, Ryan, she 76 00:04:35.000 --> 00:04:38.519 was hurt on Friday. What do you have to say, Yes. 77 00:04:38.399 --> 00:04:42.360 Sir, I appreciate the opportunity to respond tom Yes, the 78 00:04:42.399 --> 00:04:47.319 eviction's done over with. That was entered into Thursday. You 79 00:04:47.360 --> 00:04:50.040 know the court order will issue tomorrow, being today as 80 00:04:50.079 --> 00:04:53.680 a holiday. You guys nailed it. You know, she quit 81 00:04:53.720 --> 00:04:57.000 paying rent. She did have an issue. Her sons came 82 00:04:57.040 --> 00:05:00.680 to me over a toilet that was plugged. That's common. 83 00:05:00.720 --> 00:05:03.680 The building was built in nineteen thirty seven, you know, 84 00:05:03.800 --> 00:05:07.040 it's older plumbing. I loaned her son's a plunger. The 85 00:05:07.120 --> 00:05:10.720 next day I had my maintenance man follow up. They said, no, 86 00:05:10.959 --> 00:05:13.519 we're good. That was the last I heard of it. 87 00:05:13.560 --> 00:05:15.680 That would have been in June when she quit paying 88 00:05:15.759 --> 00:05:20.279 rent long about August twenty first she left. 89 00:05:21.759 --> 00:05:21.800 It. 90 00:05:22.519 --> 00:05:23.360 He is lying to that. 91 00:05:23.879 --> 00:05:27.120 Hold on, hold on, hold on, Renee. It actually doesn't matter. 92 00:05:27.519 --> 00:05:30.000 But I do want to ask him something. When they 93 00:05:30.040 --> 00:05:32.079 said the drains were plugged, is there a reason you 94 00:05:32.079 --> 00:05:33.000 didn't call a plumber? 95 00:05:33.240 --> 00:05:37.800 Ryan, it's a clogged toilet, Tom. You know they sons 96 00:05:37.800 --> 00:05:40.480 asked to borrow a plunger. I mean, we've all plugged 97 00:05:40.480 --> 00:05:42.920 a toilet now and then it's not a plumber issue 98 00:05:43.079 --> 00:05:45.319 when it could be plunged. I loaned them a plunger, 99 00:05:45.360 --> 00:05:48.279 and I followed up, and my maintenance man followed up. 100 00:05:48.319 --> 00:05:50.879 They said they were fine. That was in June. 101 00:05:50.959 --> 00:05:54.720 Okay, you're saying, what did your sons tell you? 102 00:05:56.720 --> 00:05:59.839 My son's are right here and he and they there. 103 00:06:00.360 --> 00:06:02.600 Everything they said is a lot that everything. 104 00:06:02.279 --> 00:06:05.079 He just said, everything he said, So hold on, So 105 00:06:05.160 --> 00:06:08.000 you did not have a clog toilet, nor did you 106 00:06:08.040 --> 00:06:10.560 borrow a plunger? Just just one at a time, right now, 107 00:06:10.639 --> 00:06:12.480 just real quick, because I just want to get through her. 108 00:06:13.079 --> 00:06:17.279 Did you did you have a clog toilet? Yes? 109 00:06:17.360 --> 00:06:20.360 I did, And then after that we had borrowed a 110 00:06:20.399 --> 00:06:21.160 snake from him. 111 00:06:21.600 --> 00:06:24.480 Okay, you already had a plunder, and then we did 112 00:06:24.519 --> 00:06:27.360 everything we can to get the problem the snake. 113 00:06:27.439 --> 00:06:29.360 And you did not tell him you were okay. 114 00:06:30.639 --> 00:06:33.279 I never told him I was okay, never wanted she Never. 115 00:06:33.519 --> 00:06:36.240 You told him that the problem was still you still 116 00:06:36.279 --> 00:06:40.240 had a problem. Okay. So did you use part of 117 00:06:40.279 --> 00:06:42.519 that six thousand dollars to call a plumber? 118 00:06:43.920 --> 00:06:47.360 I was emailing plumbers and I was no, no. 119 00:06:47.399 --> 00:06:50.480 See, if you call, let me give you. If you 120 00:06:50.560 --> 00:06:53.480 call a plumber, they'll come. You don't have to email them. 121 00:06:53.680 --> 00:06:55.959 You can just call and hold on and then the 122 00:06:56.040 --> 00:06:59.600 rent and then the rent that you withheld the thousand 123 00:06:59.600 --> 00:07:02.040 bucks for the month, or however much you would have 124 00:07:02.040 --> 00:07:04.000 been able to pay for the plumber, and that would 125 00:07:04.040 --> 00:07:06.199 have been justified. Did you do that? 126 00:07:08.560 --> 00:07:10.800 I tried to get a plumber over here, and each time. 127 00:07:10.680 --> 00:07:12.720 Well, why couldn't you get a plumber? Who did you call? 128 00:07:12.839 --> 00:07:14.839 I'd like to know who did not show up for 129 00:07:14.920 --> 00:07:15.360 a plumbing? 130 00:07:15.399 --> 00:07:16.759 Call company? 131 00:07:16.920 --> 00:07:18.639 And they all told them, the same team they were 132 00:07:18.680 --> 00:07:22.319 not allowed to come over here, would not allow it. 133 00:07:22.800 --> 00:07:25.519 Because the property manager did not allow them to come. 134 00:07:25.800 --> 00:07:29.279 They cannot here and help me. That is what I 135 00:07:29.319 --> 00:07:29.720 was told. 136 00:07:29.800 --> 00:07:35.279 That's true, that's true, Renee, they won't. You know, here's 137 00:07:35.319 --> 00:07:38.279 the deal. You could have paid for a plumber. You're 138 00:07:38.279 --> 00:07:41.000 saying they weren't allowed in the building. Brian, what do 139 00:07:41.040 --> 00:07:43.199 you say about that? They said that the problem was 140 00:07:43.240 --> 00:07:47.319 not fixed. They borrowed a snake, not a plunger, and 141 00:07:48.040 --> 00:07:49.120 you kind of ignored it. 142 00:07:50.199 --> 00:07:52.399 I didn't ignore it. I did check in with him. 143 00:07:52.439 --> 00:07:55.360 My maintenance man checked in with him, and they stated 144 00:07:55.399 --> 00:07:58.839 the plumbing was fine. That's the month of June. July, 145 00:07:59.319 --> 00:08:03.560 no rent, no issues, no nothing coming back to my office. 146 00:08:03.680 --> 00:08:07.319 August comes around, Reina, you've been calling the Renee. I 147 00:08:07.360 --> 00:08:09.399 know her is Raina Garcia, so I'm not sure what 148 00:08:09.480 --> 00:08:10.000 the discrace. 149 00:08:10.199 --> 00:08:12.079 That's whatever it is, it is okay. 150 00:08:12.319 --> 00:08:14.839 August twenty first, Tom, she left a note on my 151 00:08:14.959 --> 00:08:18.600 door because I live on site. I responded with a 152 00:08:18.639 --> 00:08:21.879 note on her door August twenty second, and then that 153 00:08:22.120 --> 00:08:25.759 night my maintenance man came over. He's on call. This 154 00:08:25.920 --> 00:08:29.920 is really important because when I was notified in writing, 155 00:08:30.319 --> 00:08:32.879 we addressed the issue. We were unable to snake it. 156 00:08:32.960 --> 00:08:36.639 The toilet was flowing, obviously because she resided in there 157 00:08:36.720 --> 00:08:40.120 for three months, so it was working. It just wasn't flowing. 158 00:08:40.159 --> 00:08:40.679 Properly. 159 00:08:41.200 --> 00:08:44.519 We tried snaking it out, couldn't get the snake all 160 00:08:44.559 --> 00:08:46.759 the way through there. We pulled the toilet loose from 161 00:08:46.799 --> 00:08:50.879 the floor, flipped it over, and we found underneath the toilet. 162 00:08:50.960 --> 00:08:55.320 Inside the toilet was a handheld battery operated Dremmel that 163 00:08:55.440 --> 00:08:58.360 had been flushed down the toilet and was causing the problems. 164 00:08:59.039 --> 00:09:02.480 It came from that toilet being fleshed down. It was 165 00:09:02.519 --> 00:09:05.600 caused by them, but either way we removed. 166 00:09:05.159 --> 00:09:07.159 The Did you take pictures of that? 167 00:09:08.320 --> 00:09:10.720 I did, sir, and that was evidence in court last 168 00:09:10.759 --> 00:09:12.840 week and that was one of the you know, the 169 00:09:13.080 --> 00:09:15.919 things that factored in. And her son even stated to 170 00:09:16.039 --> 00:09:19.120 myself and my maintenance man, that looks like my dad's 171 00:09:19.159 --> 00:09:23.799 missing drimal. So I mean, I'm still the landlord. I 172 00:09:23.840 --> 00:09:25.879 still have take care of plumbing issues. But this was 173 00:09:25.919 --> 00:09:31.679 induced by the tenant whoever fleshed that tool down or Raina. 174 00:09:32.279 --> 00:09:37.679 I guess is it Raina or Renee's Reina? Listen, here's 175 00:09:37.720 --> 00:09:41.200 the deal. I don't The reason we got this guy 176 00:09:41.240 --> 00:09:43.440 on is because we didn't want to just leave you 177 00:09:43.559 --> 00:09:47.080 like we did on Friday. But still the cards are 178 00:09:47.080 --> 00:09:52.159 stacked against you. You was held six thousand dollars in rent, 179 00:09:52.399 --> 00:09:55.840 So to not have a penny of that, not a 180 00:09:55.919 --> 00:09:59.000 penny to get another place, is weird. 181 00:09:59.480 --> 00:10:03.200 Oka, But don't say he's trying to say that I 182 00:10:03.240 --> 00:10:06.480 had no work in Fuming period like for a while there. 183 00:10:06.519 --> 00:10:10.039 My sure this guy came on. This is Brian. Thank 184 00:10:10.080 --> 00:10:12.559 you very much, Raina. 185 00:10:12.879 --> 00:10:18.519 I don't know before you go, yeah, you always want 186 00:10:18.519 --> 00:10:19.240 to help Raina. 187 00:10:19.279 --> 00:10:22.360 You're not allowed to withhold rent. Do you understand what 188 00:10:22.399 --> 00:10:27.000 I'm saying that you withheld six thousand dollars in. 189 00:10:27.120 --> 00:10:32.240 Rent and Tom I have a judgment coming for that. 190 00:10:32.840 --> 00:10:35.080 If she's willing to move out in the next couple 191 00:10:35.120 --> 00:10:38.159 of days, I'll just stick with the order for possession 192 00:10:38.279 --> 00:10:40.720 and I will not come after for the six thousand 193 00:10:40.759 --> 00:10:43.919 dollars judgment. Because you're trying to help her. I think 194 00:10:43.960 --> 00:10:45.759 that's the only thing we can do to help this 195 00:10:45.879 --> 00:10:48.200 young lady at this point in time. She does have 196 00:10:48.240 --> 00:10:51.200 a garnishable wage. I can go after her wages and 197 00:10:51.240 --> 00:10:53.840 garnish it. I'm willing to not do that. If she 198 00:10:53.919 --> 00:10:56.440 simply vacates my property in a timely fact. 199 00:10:56.480 --> 00:11:01.440 I think I think that's incredible, Brian, incredible, Raina. 200 00:11:02.000 --> 00:11:06.480 He's willing to drop Reina, he's willing to drop the judgement. 201 00:11:06.519 --> 00:11:08.360 Okay, And what part of that don't understand. 202 00:11:08.399 --> 00:11:09.279 I'm a single mother. 203 00:11:09.519 --> 00:11:11.559 I'm a single mother. 204 00:11:12.320 --> 00:11:13.840 I provide for my kids. 205 00:11:14.240 --> 00:11:19.480 Reina. I understand. I understand that he's not going to 206 00:11:19.519 --> 00:11:22.279 come after you. He's not going to come after you 207 00:11:22.799 --> 00:11:26.879 for he's not Reina, what do you not understand? He 208 00:11:27.159 --> 00:11:32.279 is not coming after you for the six thousand dollars. 209 00:11:32.600 --> 00:11:36.960 You have just lived in a place rent free for 210 00:11:37.279 --> 00:11:40.919 six months, rent free. 211 00:11:41.120 --> 00:11:44.600 But to clarify your statement right there, Tom, what Brian 212 00:11:44.759 --> 00:11:47.840 is saying, if she gets the hell out of there now. 213 00:11:48.639 --> 00:11:50.840 Well in a few days, he said, I guess. But 214 00:11:51.559 --> 00:11:54.919 you know, Reina, listen, I think that is an incredible 215 00:11:55.279 --> 00:11:58.519 I think that's an incredible deal that he's willing to 216 00:11:58.600 --> 00:12:02.200 do if you leave, he's not going to pursue the 217 00:12:02.279 --> 00:12:06.000 past rent. You have literally lived in the place since 218 00:12:06.159 --> 00:12:10.559 June rent free. You don't think that's fair to make 219 00:12:10.639 --> 00:12:13.360 up for what you went through? And if you have 220 00:12:13.639 --> 00:12:16.360 w hold on just Reina, yes or no? Do you 221 00:12:16.399 --> 00:12:17.320 think that's fair? 222 00:12:18.919 --> 00:12:21.480 Okay? If I had, if I had money like that 223 00:12:21.559 --> 00:12:24.159 to move, it would be possible. But I don't have 224 00:12:24.240 --> 00:12:25.039 family like that. 225 00:12:25.360 --> 00:12:25.919 I don't have. 226 00:12:25.919 --> 00:12:26.480 Money like that. 227 00:12:26.519 --> 00:12:29.559 What did you do with the six thousand dollars in rent? 228 00:12:29.879 --> 00:12:32.919 We keep going back to this. If you did not 229 00:12:33.120 --> 00:12:37.039 pay six thousand dollars in rent, where is that money 230 00:12:38.120 --> 00:12:40.960 the third most expensive date? I mean, well then, so 231 00:12:41.000 --> 00:12:43.399 what you're saying is you couldn't have afforded to pay 232 00:12:43.399 --> 00:12:46.600 the rent anyway, and you're just looking for an excuse. 233 00:12:46.840 --> 00:12:49.759 That's what you're telling me. You're telling Oh wait, wait, 234 00:12:50.000 --> 00:12:53.480 you just told me you don't have the money because 235 00:12:53.519 --> 00:12:56.320 you live in the most expensive state. Okay, listen. 236 00:12:56.360 --> 00:12:58.840 And by the way, it's a democratic state, so thank 237 00:12:58.879 --> 00:13:01.720 your lawmakers for that. It's it's a democrat and I'll 238 00:13:01.720 --> 00:13:02.919 bet you voted democrat. 239 00:13:03.039 --> 00:13:05.759 But here's what I want to say. Okay, the bottom 240 00:13:05.759 --> 00:13:08.799 line is this, Raina. The bottom line is this You 241 00:13:08.879 --> 00:13:12.639 withheld rent and you're saying I didn't have the money anyway, 242 00:13:12.919 --> 00:13:14.639 even if there were no problems. 243 00:13:14.919 --> 00:13:18.720 Because it's the most expensive state, Rena, you have presented 244 00:13:18.759 --> 00:13:22.159 me with a no win situations. 245 00:13:22.679 --> 00:13:23.519 Since I moved in. 246 00:13:24.000 --> 00:13:24.960 He can't even give me that. 247 00:13:25.559 --> 00:13:28.000 But Reina, you didn't pay any of the prices. It 248 00:13:28.039 --> 00:13:31.120 doesn't matter. Did you pay the lowest one, did you 249 00:13:31.159 --> 00:13:34.679 pay anything you did not You did not pay rent. 250 00:13:34.720 --> 00:13:38.679 For God's sakes, Please don't teach your sons how to 251 00:13:38.759 --> 00:13:42.519 live like this. Let them know that you've done wrong 252 00:13:42.679 --> 00:13:46.320 and you need to fight for yourself in another way. 253 00:13:46.600 --> 00:13:51.840 You have a losing argument. I feel bad for your sons, Okay, 254 00:13:51.919 --> 00:13:55.759 I do, But you did this the completely wrong way, 255 00:13:56.000 --> 00:13:59.399 and you keep trying to make a case for having 256 00:13:59.600 --> 00:14:03.120 for not having six thousand dollars. What I'm hearing, Reina 257 00:14:03.279 --> 00:14:06.159 is it was an excuse to keep the money, because 258 00:14:06.240 --> 00:14:11.000 otherwise you would have at least some of that money. 259 00:14:11.600 --> 00:14:16.559 Doesn't the math just doesn't add up. I'm Tom Martino. 260 00:14:16.639 --> 00:14:19.200 I have to take a break. I'm Tom Martin. I'm sorry, folks. 261 00:14:19.240 --> 00:14:21.960 I'm honest to God. I want to help people, but 262 00:14:22.200 --> 00:14:32.799 sometimes you just can't help people. Go with a sure 263 00:14:32.879 --> 00:14:36.320 thing Denver's Best Roofer Excel roofing dot com. You don't 264 00:14:36.360 --> 00:14:42.360 pay a cent until you're content. Time for an insurance 265 00:14:42.480 --> 00:14:46.600 checkup free, no obligation. In comparison, call Compass Insurance paying 266 00:14:46.600 --> 00:14:49.639 too much your coverage at dozens of insurance companies. Find 267 00:14:49.679 --> 00:14:52.000 out now three oh three seven to seven to one help. 268 00:14:52.200 --> 00:14:54.840 You'll think you're his only customer when you choose Frank 269 00:14:54.879 --> 00:14:57.320 durand the real estate man dot Com to list your 270 00:14:57.360 --> 00:15:01.000 home with Remax Alliance three oh three to zero, sixteen 271 00:15:01.080 --> 00:15:08.360 twenty two. Hy Tom Martino your trouble Shore Trail three 272 00:15:08.960 --> 00:15:11.679 seven one three talk seven one three two five to five. Nikki, 273 00:15:12.039 --> 00:15:14.159 you have an issue with a landlord. Speaking of landlords, 274 00:15:14.200 --> 00:15:16.480 I want to listen. I want to say something. I 275 00:15:16.519 --> 00:15:19.960 am all four tenants rights and helping tenants every way 276 00:15:20.000 --> 00:15:24.600 we can. I just it's just sometimes they just take 277 00:15:24.679 --> 00:15:26.879 matters into their own hands where they hear from a 278 00:15:26.960 --> 00:15:30.159 friend of a friend and think they're gonna take it right. 279 00:15:30.960 --> 00:15:33.879 You can never go six months with holding rent and 280 00:15:34.000 --> 00:15:35.559 expect the court to go your way. 281 00:15:35.960 --> 00:15:40.559 Never over a clog toilet that they created. That woman 282 00:15:40.799 --> 00:15:42.759 was off her rocker man. 283 00:15:42.679 --> 00:15:46.360 Even if it was a legitimate clog toilet. You can't 284 00:15:46.519 --> 00:15:49.559 withhold rent six months now. There is an issue, and 285 00:15:49.559 --> 00:15:52.039 I'll admit it. When you you want to get a 286 00:15:52.080 --> 00:15:54.879 plumber and you don't own the place mark you said 287 00:15:54.960 --> 00:15:56.720 a lot of plumbers won't go to it. There's not 288 00:15:56.799 --> 00:15:59.919 one on our referral list. It will, but what if 289 00:15:59.919 --> 00:16:01.960 you want it to pay? They don't want the liability. 290 00:16:02.039 --> 00:16:06.240 It's all liability. You're not the owner of the property man. 291 00:16:06.399 --> 00:16:09.960 This is this sucks so in that regard there, she 292 00:16:10.000 --> 00:16:11.399 couldn't have done anything anyway. 293 00:16:11.480 --> 00:16:15.600 Well, okay, I just what what do you say? How 294 00:16:15.600 --> 00:16:18.799 do you accidentally flush a dremmel down the toilet, then 295 00:16:18.919 --> 00:16:21.960 not tell anybody about it, then start blaming the other guy, 296 00:16:22.240 --> 00:16:24.159 then withhold rent for six months? 297 00:16:24.360 --> 00:16:24.600 Now. 298 00:16:24.639 --> 00:16:28.080 I hope she's still listening because Brian said, if you're 299 00:16:28.159 --> 00:16:31.519 out by Friday, he's not gonna come after you. If 300 00:16:31.559 --> 00:16:36.120 you have a W two job and he gets that judgment, 301 00:16:36.519 --> 00:16:40.080 you will have money missing out of your paycheck very quickly. 302 00:16:40.279 --> 00:16:43.919 Do not be stupid and get in a worse position. 303 00:16:44.279 --> 00:16:47.200 That was a hell of an offer that guy made you. Now, 304 00:16:47.320 --> 00:16:51.279 suck it up, Buttercup. That means she lived even though 305 00:16:51.399 --> 00:16:54.240 it was inconvenient. She says she lived six months rent? 306 00:16:54.240 --> 00:16:58.240 Why will she lived June, July, August, September, October. Yeah, yeah, 307 00:16:58.279 --> 00:17:01.320 I just hate to see her have another twin repay. 308 00:17:02.840 --> 00:17:07.079 And he did reiterate to me before he before we 309 00:17:07.160 --> 00:17:09.759 hung up, that he would stand by the deal. 310 00:17:10.440 --> 00:17:10.599 No. 311 00:17:10.680 --> 00:17:14.559 Six thousand after her Nikki, what is your issue? NICKI? 312 00:17:15.640 --> 00:17:20.680 Hey Tom? Yeah, so back in September. I believe it 313 00:17:20.720 --> 00:17:23.240 was twenty second. I'd have to look for the exact take. 314 00:17:23.920 --> 00:17:29.000 Around that weekend, my landlord locked me out with a 315 00:17:29.039 --> 00:17:31.599 good majority of my possessions still in there. 316 00:17:31.680 --> 00:17:33.920 Wait a minute, Wait a minute, there's got to be 317 00:17:34.000 --> 00:17:35.599 more to it. They're not allowed to do that. 318 00:17:36.720 --> 00:17:41.200 No, they're not. And this is a huge, huge, Well. 319 00:17:41.039 --> 00:17:44.200 Tell me, tell me the circumstances, Nikki. You know we're 320 00:17:44.200 --> 00:17:47.000 going to find out anyway. So no matter how it sounds, 321 00:17:47.240 --> 00:17:49.119 whether you agree with it or not, tell me the 322 00:17:49.160 --> 00:17:51.000 circumstances leading up to it. 323 00:17:53.359 --> 00:17:56.720 So I'm not sure exactly where to start for you. 324 00:17:56.839 --> 00:17:59.160 Okay, how about this. Let me ask you this. How 325 00:17:59.200 --> 00:18:01.200 long I'm going to ask question? How long have you 326 00:18:01.240 --> 00:18:02.039 been living there? 327 00:18:03.039 --> 00:18:05.200 I'm actually I'm not living there anymore. 328 00:18:05.400 --> 00:18:07.599 No, No, I meant before I met. 329 00:18:07.519 --> 00:18:08.480 You were I moved in. 330 00:18:08.759 --> 00:18:12.759 I moved in on June sixth. I actually moved in 331 00:18:12.799 --> 00:18:16.160 on June sixth and started paying rent. He wouldn't pro rate. 332 00:18:16.400 --> 00:18:19.519 He Okay, so you paid from June first, right. 333 00:18:20.279 --> 00:18:24.400 Yes, from June sixth. I gave him the deposit at 334 00:18:24.440 --> 00:18:26.039 the beginning of June, and then. 335 00:18:25.920 --> 00:18:29.720 I so you lived there June? You lived there through 336 00:18:30.079 --> 00:18:34.319 September twenty second, Yes, so it's safe to say, now, 337 00:18:34.359 --> 00:18:38.039 did you pay June, July, August, and September rent? 338 00:18:38.920 --> 00:18:39.279 Yes? 339 00:18:40.160 --> 00:18:43.160 Oh you did for all of those rents. Then what 340 00:18:43.279 --> 00:18:46.880 was the issue that made you get locked out that? 341 00:18:47.000 --> 00:18:49.799 Now we're at that part. Just if you moved in 342 00:18:49.920 --> 00:18:54.920 June and you put a deposit down, plus you paid June, July, August, 343 00:18:55.359 --> 00:18:58.880 and September, why would you be locked out? 344 00:19:00.759 --> 00:19:02.799 See, this is where the backstory comes. 345 00:19:03.000 --> 00:19:04.559 Go ahead, tell me the backstor room. 346 00:19:05.839 --> 00:19:09.920 So I had moved in in June. I work, I worked. 347 00:19:10.160 --> 00:19:16.039 I've since lost my job over this. Also. Anyways, I 348 00:19:16.079 --> 00:19:18.920 worked at night and I made him very aware of that, 349 00:19:19.000 --> 00:19:20.839 and I said, so I sleep during the day. 350 00:19:21.240 --> 00:19:21.640 Yeah. 351 00:19:21.680 --> 00:19:23.599 When I looked at the room, now, this was a 352 00:19:23.680 --> 00:19:26.079 room that I rented from a man, not an apartment. 353 00:19:26.640 --> 00:19:29.160 And what was now, wait, a room you rented from 354 00:19:29.160 --> 00:19:32.640 this guy that locked you out? Yes, okay, go. 355 00:19:32.559 --> 00:19:36.720 Ahead, not reve on site. He has two of these properties, supposedly. 356 00:19:36.799 --> 00:19:39.720 I how many people were renting rooms in the place 357 00:19:39.759 --> 00:19:40.119 you were in. 358 00:19:41.240 --> 00:19:43.799 I was told that there were five total. Actually when 359 00:19:43.839 --> 00:19:45.640 I moved in, there were seven of us in. 360 00:19:45.759 --> 00:19:49.680 Okay, that's fine, But you had your own room. Yes, okay, 361 00:19:49.920 --> 00:19:52.960 so a lot. Keep going, you told the guy. You 362 00:19:53.119 --> 00:19:56.079 told the guy, Hey, I work nights, I sleep during 363 00:19:56.079 --> 00:19:56.920 the day. Keep going. 364 00:19:58.079 --> 00:20:01.160 And the beginning of June, if if anybody remembers, we 365 00:20:01.240 --> 00:20:05.119 hit some real hot days in there, and the air 366 00:20:05.160 --> 00:20:07.559 conditioning wasn't on when I first looked at the room. 367 00:20:07.640 --> 00:20:10.240 This was before I decided to take the room and 368 00:20:10.279 --> 00:20:13.160 gave him the deposit. I said, it's kind of hot 369 00:20:13.200 --> 00:20:18.079 in here. It was a converted garage. Attached converted garage 370 00:20:18.519 --> 00:20:22.599 was the room that I rented, So it was hot 371 00:20:22.640 --> 00:20:26.039 in there. And I said, I worked at night. What 372 00:20:26.160 --> 00:20:29.160 about the air conditioning? Is there any cooling? Because I 373 00:20:29.160 --> 00:20:32.200 would not have taken it. He said, it's not a problem. 374 00:20:32.279 --> 00:20:34.519 All I have to do is hook it up. I 375 00:20:34.559 --> 00:20:38.599 am not an HVAC specialist. I don't know what that means. Okay, 376 00:20:38.640 --> 00:20:40.559 So I figured it was like flip the switch. 377 00:20:41.680 --> 00:20:44.160 I said, okay, yeah, but it still doesn't matter. You 378 00:20:44.240 --> 00:20:46.759 paid for rent, so why did you get locked out? 379 00:20:48.440 --> 00:20:54.720 Well, so, two weeks into living there, he finally got 380 00:20:54.759 --> 00:20:59.279 around to turning the air on. But that day, that Saturday, 381 00:20:59.359 --> 00:21:02.079 he came all for and started screaming in my face. 382 00:21:02.119 --> 00:21:05.759 This is two weeks after he took my money, that 383 00:21:06.279 --> 00:21:09.720 I was a problem, all the other tenants had complained 384 00:21:09.720 --> 00:21:12.160 about me, and I needed to leave. 385 00:21:12.559 --> 00:21:14.319 Okay, So then what happened? 386 00:21:14.599 --> 00:21:18.160 And this was about the air conditioner. He said I 387 00:21:18.319 --> 00:21:22.440 was a real piece of work and that I just 388 00:21:22.559 --> 00:21:26.680 needed to go. And I do have the text messages. 389 00:21:26.160 --> 00:21:26.599 That I know. 390 00:21:26.720 --> 00:21:29.480 I get it, I get it immediately. 391 00:21:29.599 --> 00:21:31.079 But I need my money back. 392 00:21:31.559 --> 00:21:32.200 What money back? 393 00:21:32.440 --> 00:21:33.200 The money to move? 394 00:21:33.440 --> 00:21:35.279 Money deposits? 395 00:21:35.599 --> 00:21:40.319 Well, hold on, hold on hot Wait wait you moved 396 00:21:40.319 --> 00:21:45.359 in the sixth right right? When did he ask you 397 00:21:45.400 --> 00:21:45.920 to move out? 398 00:21:47.400 --> 00:21:49.359 Two weeks after that? It was a Saturday? 399 00:21:49.440 --> 00:21:51.440 So you wanted some pro rated money back? 400 00:21:53.240 --> 00:21:55.920 No, what I wanted back? Because he screamed in my 401 00:21:56.000 --> 00:21:58.920 face in front of the other tenants as well as 402 00:21:59.119 --> 00:21:59.920 the neighborhood. 403 00:22:00.720 --> 00:22:03.960 But you wanted Did he offer any money back? 404 00:22:04.720 --> 00:22:07.160 No, he didn't offer anything. I told him if he 405 00:22:07.240 --> 00:22:09.759 wants me out, because he screamed at me that I 406 00:22:09.839 --> 00:22:12.079 needed to go when I needed to leave immediately. 407 00:22:12.119 --> 00:22:16.119 But screaming doesn't mean hold on. This is where I 408 00:22:16.160 --> 00:22:19.039 have to get this across. Screaming at you doesn't mean 409 00:22:19.119 --> 00:22:21.680 you get the whole you get everything back? You you 410 00:22:21.680 --> 00:22:24.559 would get everything back except two weeks. That's all, and 411 00:22:24.599 --> 00:22:27.559 that's reasonable. But he wouldn't give you anything. 412 00:22:28.799 --> 00:22:31.319 No, he did not, And why then let me ask. 413 00:22:31.160 --> 00:22:33.680 You something, Nikki. This is what I find odd. So 414 00:22:33.880 --> 00:22:36.640 he wouldn't take it. He wouldn't get no, I'm not 415 00:22:36.640 --> 00:22:39.160 going to give you a refund, get out. So in July, 416 00:22:39.240 --> 00:22:41.640 when you paid rent, why didn't he say I'm not 417 00:22:41.720 --> 00:22:43.440 accepting your rent, I want you out. 418 00:22:44.440 --> 00:22:45.039 He didn't. 419 00:22:46.359 --> 00:22:47.319 He didn't want say that. 420 00:22:47.519 --> 00:22:51.799 He said, he said, let's give it a try, okay, okay. 421 00:22:51.839 --> 00:22:55.119 Then then then in August you paid hold on, hold On. 422 00:22:55.359 --> 00:22:59.440 Then in August you paid rent again, correct, yes, and 423 00:22:59.480 --> 00:23:01.119 he didn't say get out, right. 424 00:23:02.160 --> 00:23:03.480 No, okay. 425 00:23:03.559 --> 00:23:09.400 Then in September, then in September you paid rent again, right, yes, okay, 426 00:23:09.559 --> 00:23:12.160 and then all of a sudden, on the twenty second, 427 00:23:12.200 --> 00:23:14.920 you're locked out hold on. This is the part I 428 00:23:15.079 --> 00:23:19.119 find shocking. That he said let's give it another try 429 00:23:19.400 --> 00:23:23.039 and accepted your rent all the way up till September, 430 00:23:23.319 --> 00:23:26.200 and then suddenly you were locked down on the twenty second. 431 00:23:26.519 --> 00:23:30.160 That doesn't sound right. That sounds like your rights were violated. 432 00:23:30.400 --> 00:23:32.519 I want to know the details, though, I want to 433 00:23:32.519 --> 00:23:34.559 know the whole story. Let's try to get the landlord 434 00:23:34.599 --> 00:23:36.759 on if we can. Three zero three seven to one 435 00:23:36.920 --> 00:23:44.720 three eight two five five. Go with a sure thing 436 00:23:44.839 --> 00:23:48.160 Denver's Best roofer Excel Roofing dot com. You don't pay 437 00:23:48.160 --> 00:23:54.240 a cent until you're contenth time for an insurance check 438 00:23:54.359 --> 00:23:58.200 up free, no obligation. In comparison, call Compass insurance paying 439 00:23:58.240 --> 00:24:01.279 too much your coverage A dozens of insurance companies find 440 00:24:01.279 --> 00:24:03.640 out now three all three seven to seven to one. Help. 441 00:24:03.799 --> 00:24:06.440 You'll think you're his only customer when you choose Frank 442 00:24:06.519 --> 00:24:08.960 durand the real estate Man dot com to list your 443 00:24:09.000 --> 00:24:12.119 home with Remax Alliance three all three nine to zero 444 00:24:12.279 --> 00:24:18.000 sixteen twenty two Mark Mark, Mark, Mark your favorite Texter. 445 00:24:18.559 --> 00:24:23.039 Oh goodness, gracious, Monty is texting Monty the Lefty Lefty. 446 00:24:23.200 --> 00:24:28.079 He said, there was a guy in Trump's helicopter overheard wow, 447 00:24:28.720 --> 00:24:30.680 and they said, let's turn around and go back to 448 00:24:30.720 --> 00:24:34.319 Atlantic City to gamble. But another person in the helicopter said, 449 00:24:34.359 --> 00:24:37.480 I don't want to go there. It's white trash. And 450 00:24:37.519 --> 00:24:41.880 then then one of the women in the helicopter said, 451 00:24:41.880 --> 00:24:44.279 what is white trash? Trump said, is people like me, 452 00:24:44.359 --> 00:24:48.319 except they're not rich. So that was overheard in Trump's helicopter. 453 00:24:48.599 --> 00:24:50.599 I love the rumors that go around about Trump. 454 00:24:50.680 --> 00:24:52.960 It is a it is I don't even understand what's 455 00:24:53.000 --> 00:24:55.119 wrong with anything that was just said there. If that, 456 00:24:55.279 --> 00:24:59.000 let's say that was really said, what's his point? He 457 00:24:59.039 --> 00:25:03.119 basically called him self white trash with money. Okay, yeah, 458 00:25:03.119 --> 00:25:05.119 what he's trying to say is there. They just don't 459 00:25:05.160 --> 00:25:07.720 think much of people, is what he's trying to get across. 460 00:25:08.119 --> 00:25:10.079 By the way, I do want to say this seriously. 461 00:25:10.160 --> 00:25:12.759 I know people people that outstop making your comments, but 462 00:25:12.799 --> 00:25:16.880 they're all true. So here's the bottom line. The universities 463 00:25:16.880 --> 00:25:21.160 and colleges, honest to God, throughout the country have safe 464 00:25:21.160 --> 00:25:25.720 spaces for kids who are feeling threatened well by the 465 00:25:25.759 --> 00:25:26.680 election results. 466 00:25:26.759 --> 00:25:29.720 If these if these colleges like Metro here in Denver 467 00:25:29.839 --> 00:25:34.799 don't get their uh you know hamas Palestine situation cleaned up, 468 00:25:35.319 --> 00:25:38.960 the FEDS are going to cut them off from funding anyway. 469 00:25:39.079 --> 00:25:44.079 Nikki here, Nikki, listen, I don't understand this. And and 470 00:25:44.160 --> 00:25:47.480 truly I take everyone out their word. So if you 471 00:25:47.480 --> 00:25:51.279 were paying your rent and you got no notice to vacate, nothing, 472 00:25:51.799 --> 00:25:54.759 and no written nothing, and all of a sudden you 473 00:25:54.880 --> 00:25:57.960 go back home on the twenty second of September and 474 00:25:58.039 --> 00:26:01.599 it's locked. What did you say when you found yourself 475 00:26:01.640 --> 00:26:02.119 locked out? 476 00:26:03.079 --> 00:26:06.640 I simply took a video and I had a friend 477 00:26:06.680 --> 00:26:09.160 with me as a wish that that had happened. 478 00:26:09.160 --> 00:26:11.480 Did you, for example, call the cops, Nikki, I mean, 479 00:26:11.519 --> 00:26:13.480 I'd like to get this rollout a little quicker. 480 00:26:14.359 --> 00:26:15.480 And what did the cops say? 481 00:26:16.519 --> 00:26:19.480 I tried to call the North Glen cops twice the 482 00:26:19.599 --> 00:26:23.160 night that I discovered the evening. Okay, it was a 483 00:26:23.240 --> 00:26:25.400 little bit later, but not too late. Okay, it was 484 00:26:25.440 --> 00:26:30.000 still full daylight, probably around five, And I have it 485 00:26:30.079 --> 00:26:33.279 on the on my other phone that is disconnected, but 486 00:26:33.359 --> 00:26:33.920 I still have. 487 00:26:33.960 --> 00:26:36.279 All those Well, did you call the landlord too? 488 00:26:36.599 --> 00:26:40.920 I called. I called the police because the landlord had 489 00:26:40.960 --> 00:26:45.240 been nothing but hostile to meet Tom. Everything that I 490 00:26:45.359 --> 00:26:48.279 texted him, every I never got responses. 491 00:26:48.640 --> 00:26:50.240 But he never asked you to leave. 492 00:26:51.720 --> 00:26:53.880 No, he screamed at me the one day that I 493 00:26:53.920 --> 00:26:56.440 needed to leave, and then when I was handing money, 494 00:26:56.440 --> 00:26:57.599 he was nice as pie. 495 00:26:57.759 --> 00:27:00.200 Right, No, I understand, but that was way back. That 496 00:27:00.319 --> 00:27:02.480 was way back in June. Hold on, way back. 497 00:27:02.640 --> 00:27:04.720 This was every month. 498 00:27:05.279 --> 00:27:07.759 Oh, he told you to leave every month. 499 00:27:08.160 --> 00:27:11.920 Well leave or that. You know, I was a prom. 500 00:27:11.720 --> 00:27:14.880 Okay, but he kept taking Okay, I get it. He 501 00:27:14.960 --> 00:27:17.319 didn't like you, but he kept taking your money. So 502 00:27:17.359 --> 00:27:19.200 that's not the way to do it. He should have 503 00:27:19.279 --> 00:27:22.319 said you're being evicted and noticed you. But you never 504 00:27:22.359 --> 00:27:23.759 got an eviction notice. 505 00:27:24.160 --> 00:27:25.079 No. 506 00:27:25.079 --> 00:27:28.000 No, well he can't just lock you out. So what 507 00:27:28.200 --> 00:27:30.119 happened then? What happened then? 508 00:27:31.240 --> 00:27:35.240 So he, from my understanding, and the other people that 509 00:27:35.319 --> 00:27:40.720 rented there at this particular place, they had done this 510 00:27:40.759 --> 00:27:42.079 to former roommates. 511 00:27:42.359 --> 00:27:44.720 I'm only worried about you right now. So what did 512 00:27:44.759 --> 00:27:45.119 you do? 513 00:27:45.519 --> 00:27:48.759 Right? They had just harassed the roommates that are still there. 514 00:27:49.079 --> 00:27:54.160 What did you do? No, Nikki, I'm talking about you. 515 00:27:54.680 --> 00:27:59.319 If we can't talk about you, I'm done. On September 516 00:27:59.359 --> 00:28:02.720 twenty seven, second, when you were locked out, what did 517 00:28:02.799 --> 00:28:04.200 you did you call him? 518 00:28:05.799 --> 00:28:08.920 No? I didn't call the landlord because of the hostility and. 519 00:28:08.880 --> 00:28:11.279 I okay, so what did you do? 520 00:28:11.920 --> 00:28:14.559 I did call the norm Okay? 521 00:28:14.759 --> 00:28:17.920 What did you do other than call the police? 522 00:28:18.519 --> 00:28:19.799 I did you the police? 523 00:28:20.279 --> 00:28:22.880 Okay? Did you find another place? Niki? 524 00:28:23.759 --> 00:28:26.440 I did tell dispatch what was going on? 525 00:28:26.640 --> 00:28:28.400 Did you find another place? Nikki? 526 00:28:30.920 --> 00:28:33.279 No? Because I haven't been able to afford it. 527 00:28:33.599 --> 00:28:35.599 Have you been homeless the whole time, Nikki? 528 00:28:36.599 --> 00:28:39.720 I haven't been totally homeless. I've had that I had. 529 00:28:39.839 --> 00:28:41.920 I had gotten the rest of my things from my 530 00:28:42.039 --> 00:28:43.359 ex and stuff. 531 00:28:43.519 --> 00:28:46.880 And this guy still does this guy still have your 532 00:28:46.920 --> 00:28:48.240 personal belongings. 533 00:28:48.640 --> 00:28:49.880 Yeah, he does. 534 00:28:50.680 --> 00:28:52.240 This is ridiculous. 535 00:28:52.720 --> 00:28:56.079 Yeah, I'm sure they've gone through everything and done it. 536 00:28:56.279 --> 00:28:58.759 They had done from what the other renter said they 537 00:28:58.799 --> 00:28:59.920 had done this to previous. 538 00:29:00.279 --> 00:29:02.720 How much did they take of your stuff? How much 539 00:29:02.759 --> 00:29:04.359 personal stuff did you have there? 540 00:29:05.279 --> 00:29:11.079 I had clothes, I am a licensed hair professional. I 541 00:29:11.200 --> 00:29:14.240 had brand new tools that I had bought to the 542 00:29:14.319 --> 00:29:17.640 tune of almost one thousand dollars. 543 00:29:18.000 --> 00:29:20.920 Okay, listen, Also, let me ask you this. Let me 544 00:29:20.920 --> 00:29:25.519 ask you this. So since that time, you've not been 545 00:29:25.559 --> 00:29:26.559 in touch with him at all? 546 00:29:27.880 --> 00:29:31.200 No. I did try to call him and left a message. 547 00:29:31.559 --> 00:29:34.240 He never responded, Well, we need to do it for you. 548 00:29:35.559 --> 00:29:38.279 I don't. I'm not ready to contact him yet because 549 00:29:38.319 --> 00:29:42.240 I'm not sure I have There is a lot going 550 00:29:42.279 --> 00:29:43.519 on here, Tom, What do. 551 00:29:43.480 --> 00:29:45.160 You want us to do? What do you want us 552 00:29:45.200 --> 00:29:45.759 to do? Nikki? 553 00:29:46.599 --> 00:29:50.039 I need somebody to help troubleshoot it with me. 554 00:29:50.519 --> 00:29:51.720 I can call over there. 555 00:29:52.440 --> 00:29:54.240 Yeah, she doesn't want us to do right now, Nikki, 556 00:29:54.680 --> 00:29:58.079 here's the best thing to do, Nicki, Nicki, here's the 557 00:29:58.119 --> 00:30:00.319 best thing to do. You're not there any or he 558 00:30:00.359 --> 00:30:03.000 can't do anything to you. We call him and say, look, 559 00:30:03.519 --> 00:30:05.680 even if she was a pain in the ass, even 560 00:30:05.720 --> 00:30:07.799 if she was a major pain in the ass, you 561 00:30:07.880 --> 00:30:10.599 can't just lock her out and keep her stuff. Okay, 562 00:30:10.839 --> 00:30:12.880 you got a problem, sir, how are you going to 563 00:30:12.960 --> 00:30:14.799 solve it? That's what we need to do. 564 00:30:17.160 --> 00:30:23.240 But with the harassment between because the police were at 565 00:30:23.279 --> 00:30:27.440 the property multiple times, and they had been there prior to. 566 00:30:27.440 --> 00:30:30.720 Me, Moniki, what else do you want people, Nicki? 567 00:30:31.000 --> 00:30:34.440 Criminal charges from one of the from one of the 568 00:30:34.599 --> 00:30:36.279 freaking tenants setting me. 569 00:30:36.359 --> 00:30:38.759 Up, okay, and it was so weird that. 570 00:30:38.839 --> 00:30:41.119 The camera that's still okay. 571 00:30:41.480 --> 00:30:42.920 What criminal charge do you have? 572 00:30:45.279 --> 00:30:50.559 Well, I have a I have two citations. One was 573 00:30:51.000 --> 00:30:53.599 because I broke into a guys room. I did not 574 00:30:54.759 --> 00:30:56.799 I was looking for my cat she had ran off. 575 00:30:56.960 --> 00:30:59.759 Nikki, I'm not I'm not asking you if you agree 576 00:30:59.759 --> 00:31:01.920 with that charges. What do you charge mister? 577 00:31:02.519 --> 00:31:06.279 Criminal mischief and trespassing is the one, and then the 578 00:31:06.319 --> 00:31:10.000 second one where the camera was on the rail of 579 00:31:10.079 --> 00:31:14.440 the downstairs rails. Nobody positions cameras there. 580 00:31:16.880 --> 00:31:19.759 What would you like us to do? Nikki? What were 581 00:31:19.839 --> 00:31:25.839 you charged with the second one? What was the second charge? Okay, listen, 582 00:31:25.960 --> 00:31:29.039 here's Nikki. I know this sounds crazy, but even with 583 00:31:29.119 --> 00:31:32.440 those charges, he still had to do it the right way. Okay. 584 00:31:32.680 --> 00:31:34.559 He's not allowed to keep yourself. 585 00:31:34.559 --> 00:31:35.079 I know that. 586 00:31:35.319 --> 00:31:39.440 Okay, So here's what I'm asking. Please answer me. What 587 00:31:39.559 --> 00:31:45.799 do you want? You know? All right, I gotta take 588 00:31:46.200 --> 00:31:49.359 I'm Martin. We have more coming up on the Troubleshooter show. 589 00:31:49.440 --> 00:31:54.279 Trespassing for God's sake, go with a sure thing Denver's 590 00:31:54.319 --> 00:31:57.160 best roofer Excel Roofing dot com. You don't pay a 591 00:31:57.319 --> 00:32:03.839 cent until your content time for an insurance checkup free, 592 00:32:03.880 --> 00:32:07.599 no obligation. In comparison, call Compass Insurance paying too much 593 00:32:07.720 --> 00:32:10.680 your coverage at dozens of insurance companies find out now 594 00:32:10.759 --> 00:32:13.240 three all three seven seven to one. Help. You'll think 595 00:32:13.279 --> 00:32:15.839 you're his only customer when you choose Frank durand the 596 00:32:15.880 --> 00:32:18.519 real estate Man dot com to list your home with 597 00:32:18.640 --> 00:32:23.880 Remax Alliance three all three nine two zero sixteen twenty two. Hi, 598 00:32:24.039 --> 00:32:30.440 Tom Martino, your troubleshooter just hang on, people. We're trying 599 00:32:30.440 --> 00:32:33.519 to get an attorney for Nikki and then Carl will 600 00:32:33.519 --> 00:32:36.279 get to you, I promise you. Joe Kanos with us 601 00:32:36.319 --> 00:32:40.839 my moneymway dot com and Joe is here as a 602 00:32:40.839 --> 00:32:45.400 guest because we're talking about some financial stuff today. Joe, 603 00:32:46.400 --> 00:32:50.160 I'd like to know something, sir. Okay, the stock market. 604 00:32:50.160 --> 00:32:53.079 What do you think right now? It's politile and that's 605 00:32:53.119 --> 00:32:56.880 why tell us about why you think people who are 606 00:32:57.759 --> 00:33:01.279 sixty and older should start thinking about all alternatives. 607 00:33:00.799 --> 00:33:02.319 That is right to them, you know. But before I 608 00:33:02.400 --> 00:33:05.559 do that, I like to send my hellos and my 609 00:33:05.640 --> 00:33:11.400 greetings to my fellow veterans. Today is a veteran day 610 00:33:11.839 --> 00:33:15.680 for all of us. And that's when I begin. During 611 00:33:15.720 --> 00:33:18.960 the Vietnam War, I begin to really start thinking about 612 00:33:19.000 --> 00:33:22.480 becoming a certified financial planner, which I did because I 613 00:33:22.480 --> 00:33:26.079 saw a lot of people and the richest, you know, 614 00:33:26.240 --> 00:33:28.519 country that we have in the world, which is America. 615 00:33:29.039 --> 00:33:32.839 You know, I saw people that actually succeeded financially and 616 00:33:32.920 --> 00:33:35.359 some people fail financially. 617 00:33:35.319 --> 00:33:37.359 And I and I was perplexed by that. I want 618 00:33:37.440 --> 00:33:38.119 to find out. 619 00:33:37.960 --> 00:33:43.519 What made them successful, what made them failures financially? So 620 00:33:44.440 --> 00:33:47.200 I have noticed that the stock market is very cyclical, 621 00:33:49.119 --> 00:33:51.799 and what they need to do, they need to be 622 00:33:51.799 --> 00:33:55.519 able to take care of their money, be safe with 623 00:33:55.559 --> 00:33:58.440 their money. First of all, they got to save it, 624 00:33:58.920 --> 00:34:00.039 not spend it. 625 00:34:00.160 --> 00:34:02.839 And they have to make a girl okay, and they 626 00:34:02.880 --> 00:34:05.799 have to have some guarantees which before were not available. 627 00:34:05.799 --> 00:34:09.000 We'll talk about guarantees coming up. Joe, are you a veteran? 628 00:34:09.519 --> 00:34:12.519 I am a veteran. Okay, I talk about that too. 629 00:34:12.599 --> 00:34:15.840 More coming up on the Troubleshooter Show. Go with a 630 00:34:15.920 --> 00:34:19.440 sure thing Denver's Best Roofer Excel Roofing dot Com. You 631 00:34:19.480 --> 00:34:25.239 don't pay a cent until you're content. Time for an 632 00:34:25.280 --> 00:34:29.880 insurance checkup free no obligation comparison call Compass Insurance paying 633 00:34:29.960 --> 00:34:33.000 too much your coverage at dozens of insurance companies find 634 00:34:33.000 --> 00:34:35.360 out now three oh three seven seven to one help. 635 00:34:35.519 --> 00:34:38.159 You'll think you're his only customer when you choose Frank 636 00:34:38.239 --> 00:34:40.679 durand the real estate Man dot com to list your 637 00:34:40.679 --> 00:34:43.880 home with Remax Alliance three oh three nine two zero 638 00:34:43.960 --> 00:34:45.000 sixteen twenty two. 639 00:34:50.679 --> 00:34:53.119 D News. 640 00:34:55.280 --> 00:34:55.880 You don't have. 641 00:34:58.519 --> 00:35:03.079 Run ins good Shooter's gonna help? 642 00:35:03.360 --> 00:35:10.760 Come Dick is the Troubleshooter Show. No Tom Martine, Hey Tom, 643 00:35:10.800 --> 00:35:14.920 Martino here, Welcome to the show. Three oh three seven 644 00:35:15.079 --> 00:35:17.760 one three talk three oh three seven one three eight 645 00:35:17.840 --> 00:35:21.039 two five five. What's going on in your life? How 646 00:35:21.039 --> 00:35:24.400 can we help you? We are going to take your 647 00:35:24.400 --> 00:35:27.239 calls right now and UH you'll see we have a 648 00:35:27.239 --> 00:35:32.920 studio full including Joseph Canno, UH financial Planner, Certified financial 649 00:35:32.960 --> 00:35:37.840 planner who is UH with us today discuss various options 650 00:35:37.880 --> 00:35:41.320 as you get older for retirement accounts. You might have 651 00:35:41.440 --> 00:35:44.360 to get yourself some guaranteed money. But I'm gonna go 652 00:35:44.400 --> 00:35:46.239 to the phones with people we left off with. We 653 00:35:46.280 --> 00:35:50.840 have Brad O'Brien with us oh Brian Legal Services olslaw 654 00:35:50.840 --> 00:35:54.239 dot com. Now. BRED does a lot for landlords because 655 00:35:54.280 --> 00:35:57.800 it's hard to navigate these evictions laws and and also 656 00:35:58.159 --> 00:36:02.800 a lot of estate law in general, just going over 657 00:36:02.920 --> 00:36:06.719 documents and also contracts. And I wanted to weigh in 658 00:36:06.760 --> 00:36:09.320 on a couple issues that have come up over the 659 00:36:09.400 --> 00:36:14.280 last few days and weeks. Brad, one thing I want 660 00:36:14.320 --> 00:36:18.920 to talk about first before we get to Nicky. We 661 00:36:19.119 --> 00:36:26.719 have had a few cases, most recently Raina who withhold 662 00:36:26.880 --> 00:36:32.239 rent because they have problems and they just withhold it 663 00:36:32.320 --> 00:36:33.800 and they say, well, the hell with you? If you 664 00:36:33.800 --> 00:36:37.199 don't fix my toilet, I'm not I'm not going to 665 00:36:37.239 --> 00:36:41.599 pay rent, or they say I have an issue with this, 666 00:36:41.679 --> 00:36:45.639 that or the other thing, whatever it is. It sometimes 667 00:36:45.719 --> 00:36:49.960 sometimes sounds like an excuse almost that they save money. 668 00:36:50.000 --> 00:36:55.440 We had one woman recently today and Friday. He withheld 669 00:36:55.480 --> 00:37:02.360 rent for June, July, August, September, October end November, and 670 00:37:02.800 --> 00:37:07.199 the landlord wants her out, So you know, he's the 671 00:37:07.239 --> 00:37:10.880 eviction was already granted and now he's saying, please get out, 672 00:37:10.960 --> 00:37:14.400 and I'll even forgive the judgment. But she felt she 673 00:37:14.599 --> 00:37:17.320 was in the right, although the judge didn't see it 674 00:37:17.360 --> 00:37:22.039 that way. In order for her or any tenant to 675 00:37:22.239 --> 00:37:27.840 legally withhold rent, what do they have to do. Is 676 00:37:27.880 --> 00:37:29.599 there such a thing as withholding rent? 677 00:37:30.679 --> 00:37:33.400 Well, there's there's a statute that allows them to pull 678 00:37:33.519 --> 00:37:37.280 rent in a very limited circumstance. It has to do 679 00:37:37.360 --> 00:37:41.159 with a warranty of habitability item like he no electricity, 680 00:37:41.400 --> 00:37:45.119 something like that, no water. If they get the landlord 681 00:37:45.199 --> 00:37:49.800 notice and the landlord doesn't fix that problem, then the 682 00:37:49.840 --> 00:37:52.320 tenant can go out and get an estimate from a 683 00:37:52.360 --> 00:37:56.679 third party contractor to fix that one problem, and they 684 00:37:56.719 --> 00:38:00.880 can withhold that exact amount they would have to pay 685 00:38:00.920 --> 00:38:03.800 to a third party contractor to that problem. 686 00:38:03.920 --> 00:38:05.960 Now, Mark, tell him about the problem though we have 687 00:38:06.119 --> 00:38:09.400 with that. Well, this happened to be a plumbing problem. 688 00:38:09.440 --> 00:38:12.840 And Brad, generally speaking, you're not going to get a 689 00:38:12.880 --> 00:38:16.360 plumber to come into your apartment because you don't own it. 690 00:38:16.639 --> 00:38:19.039 The plumber would be insane to go in there because 691 00:38:19.079 --> 00:38:20.079 of the liability. 692 00:38:22.880 --> 00:38:26.079 Well, unless they get paid up front, no, no. 693 00:38:25.920 --> 00:38:28.320 No, But even then they don't want the liability. We've 694 00:38:28.320 --> 00:38:31.239 had situations where they have said they won't go to 695 00:38:31.320 --> 00:38:33.480 a house. But that's not your problem, Brad, that's not 696 00:38:33.519 --> 00:38:36.519 a legal problem. That's but that is something that comes up. 697 00:38:36.679 --> 00:38:40.039 But what you're saying is for them to protect themselves 698 00:38:40.559 --> 00:38:43.360 in court, they need to have that money either go 699 00:38:43.519 --> 00:38:46.159 towards something or be held at least for something. Because 700 00:38:46.199 --> 00:38:48.320 she didn't have any of it to show. If she 701 00:38:48.360 --> 00:38:52.800 had said I withheld it because of problems, what would 702 00:38:52.840 --> 00:38:55.239 the judge want to see more than just I with 703 00:38:55.760 --> 00:38:58.239 and she was saying he harassed me, he yelled at me. 704 00:38:58.559 --> 00:39:01.400 Do judges ever look at anything like that as an 705 00:39:01.400 --> 00:39:03.039 excuse to withhold rent? 706 00:39:04.119 --> 00:39:06.559 I think that's kind of the fluff that a judge 707 00:39:06.599 --> 00:39:09.199 wouldn't look at some of his game calling and so 708 00:39:09.360 --> 00:39:13.440 called harassment. The judge would focus in on the exact 709 00:39:13.559 --> 00:39:16.800 problem that makes it uninhabitable, with the cost to fix that. 710 00:39:16.840 --> 00:39:20.719 What notices were given to the landlord, and how much 711 00:39:20.760 --> 00:39:25.199 time was given for the landlord to cure that problem. 712 00:39:25.360 --> 00:39:29.159 Okay, what if I went to court with the money 713 00:39:29.159 --> 00:39:32.119 that I had withheld. Let's say it's three thousand and 714 00:39:32.239 --> 00:39:34.559 I say, your honor, I just wanted to get his attention, 715 00:39:34.719 --> 00:39:36.320 and this was the only way I could do it. 716 00:39:36.679 --> 00:39:38.800 I have the money to pay. What do you think 717 00:39:38.840 --> 00:39:40.079 would happen in that case? 718 00:39:41.320 --> 00:39:44.519 Well, under colorad of law, a tenant actually can cure 719 00:39:45.480 --> 00:39:48.400 late rent all the way up until the moment that 720 00:39:48.480 --> 00:39:51.320 the judge enters an order of possession for the landlord. 721 00:39:52.440 --> 00:39:57.280 So yeah, they can take They can basically try their 722 00:39:57.280 --> 00:40:01.519 case and lose the case. Just before the judge enters 723 00:40:01.559 --> 00:40:03.320 a judgment, say okay, I've got the money, here you go, 724 00:40:03.800 --> 00:40:07.079 and then no harm fell and it is reinstated. 725 00:40:07.559 --> 00:40:11.480 Okay, So now let's go to Nicky's case. This is 726 00:40:11.519 --> 00:40:14.800 a weird one. Nicki said that the land basically she 727 00:40:14.920 --> 00:40:17.119 was renting a room from a guy who out of 728 00:40:17.119 --> 00:40:19.960 place and was renting out four or five rooms or whatever. 729 00:40:20.039 --> 00:40:22.800 However many doesn't matter. He's renting out rooms, not the 730 00:40:22.840 --> 00:40:28.239 whole place, and there's some bad blood there. They supposedly 731 00:40:28.960 --> 00:40:31.679 the landlord didn't like her and maybe a fellow tenant 732 00:40:31.719 --> 00:40:34.280 didn't like her, and he's been asking her to leave 733 00:40:35.159 --> 00:40:38.920 since she moved in. She moved in in I believe 734 00:40:38.960 --> 00:40:42.239 in June. No excuse me, I'm sorry, yeah, June sixth, 735 00:40:42.559 --> 00:40:45.559 and then she paid for June, July, August, September. But 736 00:40:45.679 --> 00:40:48.960 each time the landlord would say, get out, get out, 737 00:40:48.960 --> 00:40:50.920 get out, we don't want you here. He never did 738 00:40:50.920 --> 00:40:55.079 a formal eviction, but she was charged with a couple 739 00:40:55.119 --> 00:40:59.880 of crimes for harassment or something, and for breaking into 740 00:41:00.039 --> 00:41:03.960 a room or something. NICKI again, please, we don't really 741 00:41:04.000 --> 00:41:06.519 need an explanation. I understand you don't agree, and you 742 00:41:06.559 --> 00:41:10.199 think there were false charges. But what dates were those charges? 743 00:41:12.239 --> 00:41:15.039 Hi, Tom, I don't have the exact dates with me, 744 00:41:15.239 --> 00:41:16.159 but what month I'm in? 745 00:41:16.199 --> 00:41:16.920 My month? 746 00:41:18.239 --> 00:41:20.679 August? They were both in August. 747 00:41:20.920 --> 00:41:25.079 Okay, so he took rent for September from her, But 748 00:41:25.159 --> 00:41:28.880 then suddenly when she came home on September twenty second, 749 00:41:29.320 --> 00:41:34.280 the locks had been changed. So what you know? 750 00:41:34.400 --> 00:41:37.320 She said he never evicted me even though she was 751 00:41:38.039 --> 00:41:39.199 not a restraining order. 752 00:41:39.239 --> 00:41:41.280 But didn't she have a trespassing order? 753 00:41:42.280 --> 00:41:43.320 No? 754 00:41:43.320 --> 00:41:47.280 No, no, no, it was Mark, Mark. The charges she 755 00:41:47.400 --> 00:41:51.440 did have charges. The exact charges were what Nikki Telbrad. 756 00:41:52.920 --> 00:41:59.239 They were on the one citation it is criminal trespass 757 00:41:59.280 --> 00:42:07.079 and uh no, criminal mischief and trespassing, and the second 758 00:42:07.079 --> 00:42:10.440 one is harassment. And I have just started my court dates. 759 00:42:10.480 --> 00:42:13.159 There's no judgment or anything at Okay, point. 760 00:42:13.000 --> 00:42:15.079 Now, Mark, As far as the trespass that was for 761 00:42:15.159 --> 00:42:18.320 going into somebody else's room, that wasn't but it wasn't 762 00:42:18.679 --> 00:42:21.639 in the same place. Mark, Yes, but it's not a 763 00:42:22.000 --> 00:42:25.639 it's not a restraining order to keep out of her room. Okay, 764 00:42:25.880 --> 00:42:28.880 Now it has to do with trespassing that guy's room. 765 00:42:29.480 --> 00:42:32.159 But listen again, I don't want to try those cases. 766 00:42:32.239 --> 00:42:35.599 I just want to ask Brad. Would he have reason 767 00:42:36.280 --> 00:42:40.320 to lock her out without due process? 768 00:42:40.800 --> 00:42:41.039 No? 769 00:42:42.239 --> 00:42:45.039 Locking a tenant out is giving your self help by 770 00:42:45.039 --> 00:42:47.960 the landlord, and we get the landlord in trouble. That's 771 00:42:48.039 --> 00:42:50.000 liability for an illegal addiction. 772 00:42:50.559 --> 00:42:53.480 And he also kept her stuff and won't give it back. 773 00:42:54.199 --> 00:42:56.400 Yeah, that's that's liability for the landlord. 774 00:42:57.320 --> 00:42:58.559 What can she do about it? 775 00:42:59.599 --> 00:43:02.440 Well, you can see the landlord for illegal addiction and 776 00:43:02.559 --> 00:43:03.360 loss of property? 777 00:43:06.280 --> 00:43:07.280 Am I on the phone? 778 00:43:07.880 --> 00:43:10.239 Yes you are, NICKI, Oh okay. 779 00:43:10.400 --> 00:43:13.880 So what I thought about this when you were on break? 780 00:43:14.239 --> 00:43:17.360 What I'd like from you guys as a lawyer referral 781 00:43:17.679 --> 00:43:20.159 to help me kind of tile this together, because, like 782 00:43:20.199 --> 00:43:21.880 I said, some of this is civil. Well, you got 783 00:43:21.920 --> 00:43:25.320 to pay for an attorney, you understand, Niki, right, And 784 00:43:25.400 --> 00:43:26.719 I don't have the money for that. 785 00:43:26.920 --> 00:43:29.719 Well, then I don't have a referral. What you're asking 786 00:43:29.719 --> 00:43:31.159 for is a free attorney, right. 787 00:43:31.760 --> 00:43:35.639 No, No, I'm not asking for a free attorney. I'm 788 00:43:35.679 --> 00:43:40.559 asking for maybe a contingency attorney. Because you know, if I. 789 00:43:40.480 --> 00:43:42.519 Had to pick, if I had to pick the biggest 790 00:43:42.760 --> 00:43:48.039 myth in life, the biggest myth is that attorneys work 791 00:43:48.119 --> 00:43:52.960 on contingency. I can think of maybe one or two times. 792 00:43:53.119 --> 00:43:57.519 One of them is personal injury. But people think that 793 00:43:57.559 --> 00:44:00.599 there's this pot of gold that attorneys strives for and 794 00:44:00.639 --> 00:44:03.159 they're going to take a case on contingency. 795 00:44:03.400 --> 00:44:03.639 I'm not. 796 00:44:03.760 --> 00:44:05.559 I'm not making fun of you, Nikky. I'm telling you 797 00:44:05.639 --> 00:44:09.719 the truth. Attorneys don't work on ninety nine percent of 798 00:44:09.760 --> 00:44:12.480 the time. But let me ask Brad, Brad, do you 799 00:44:12.880 --> 00:44:15.360 do you ever take cases on contingency? I'll ask you 800 00:44:15.400 --> 00:44:17.719 straight up, No, I worked by the hour. 801 00:44:17.880 --> 00:44:20.440 Contingency cases are those, like you said, are where there's 802 00:44:20.440 --> 00:44:23.320 a pot of gold at the end, where there's a 803 00:44:23.360 --> 00:44:25.920 lot of cash, that where an attorney can take their third. 804 00:44:25.920 --> 00:44:27.719 For example, I don't be the type of case. 805 00:44:28.559 --> 00:44:32.280 Okay, on my side, somebody who would do a free 806 00:44:32.400 --> 00:44:35.360 consultation with me and listen to it. Who might be 807 00:44:35.480 --> 00:44:36.400 willing to do that. 808 00:44:37.280 --> 00:44:40.960 Well, let me ask Brad something, Brad, is there anything 809 00:44:41.039 --> 00:44:43.360 that the landlord might have to pay? 810 00:44:43.440 --> 00:44:46.199 Let's pretend the landlord does have assets. 811 00:44:46.039 --> 00:44:50.280 If he is hold on, if he's actually found guilty 812 00:44:50.320 --> 00:44:54.119 of doing all these wrongdoings, can they get attorney's fees? 813 00:44:54.239 --> 00:44:58.039 Can they get other things? Or there's nothing, there's nothing 814 00:44:58.119 --> 00:44:59.320 like that in a case like this. 815 00:45:00.000 --> 00:45:02.280 Oh no, the landlord. 816 00:45:01.960 --> 00:45:04.719 Tenants atchets in Colorado do provide for attorney fees for 817 00:45:04.760 --> 00:45:07.679 the prevailing party or for the tenant who's prevailing party, 818 00:45:08.199 --> 00:45:09.840 and also so for some fines. 819 00:45:10.679 --> 00:45:14.000 So saying that, why wouldn't there be And I'm not 820 00:45:14.039 --> 00:45:16.320 an attorney, I'm not saying I would do it if 821 00:45:16.360 --> 00:45:18.679 I was. But I'm saying, if they can get it, 822 00:45:18.719 --> 00:45:21.480 and they hear her and they talk to her about 823 00:45:21.480 --> 00:45:25.000 the case, and she proves this guy actually did everything 824 00:45:25.159 --> 00:45:28.920 she's talking about. Why wouldn't someone take it on contingency? 825 00:45:29.000 --> 00:45:32.599 There's not enough money? Well, that's what. Well, there's attorneys fees. 826 00:45:32.360 --> 00:45:34.400 There, well the amount of attorneys. 827 00:45:34.440 --> 00:45:36.840 Okay. First of all, First of all, wait a minute. 828 00:45:36.920 --> 00:45:40.119 When it comes to damages, you see, you're under the 829 00:45:40.159 --> 00:45:45.000 mistaken impression, Nikki that if somebody has money, then damages 830 00:45:45.039 --> 00:45:49.400 go up. That's not true. Damages are damages. If you 831 00:45:49.559 --> 00:45:53.119 have let's say, one thousand dollars in damages, it doesn't 832 00:45:53.159 --> 00:45:56.960 go up to ten thousand. Of the guys a billionaire, No, 833 00:45:57.360 --> 00:46:00.480 I understand that. Okay, So what are your damage let's 834 00:46:00.480 --> 00:46:03.159 talk about him. What are your damages? Let's say you 835 00:46:03.199 --> 00:46:06.880 had one thousand dollars worth of property plus another thousand 836 00:46:06.880 --> 00:46:10.360 of personal property. That's two let's just say it for arguments, Hey, 837 00:46:10.519 --> 00:46:14.519 that's two thousand. What else? You didn't get your deposit back? 838 00:46:15.639 --> 00:46:18.719 Right? According to Colorado state law, if they lock you 839 00:46:18.760 --> 00:46:21.639 out illegally, and there is only one reason that a look, 840 00:46:21.840 --> 00:46:23.719 that they can lock you out. And that's if you 841 00:46:23.760 --> 00:46:28.800 are a manufacturing mess, which I was not. Under the 842 00:46:28.880 --> 00:46:32.679 Colorado Statute, it says that you are entitled to five 843 00:46:32.719 --> 00:46:36.920 thousand dollars or three times the rent, the five whichever 844 00:46:37.079 --> 00:46:38.840 is more the five thousand dollars. 845 00:46:38.880 --> 00:46:39.599 Is that right, Brad? 846 00:46:40.360 --> 00:46:41.000 I think that's right. 847 00:46:41.079 --> 00:46:45.480 Yeah, Okay, So what you're saying, so so you would 848 00:46:45.519 --> 00:46:48.480 want an attorney. Now listen, So let's let's just say 849 00:46:48.679 --> 00:46:52.320 let's say five thousand. Let's say ten thousand, So an 850 00:46:52.360 --> 00:46:55.920 attorney would work for a third of that three thousand dollars. No, No, No, 851 00:46:56.000 --> 00:46:58.760 plus attorney's fees. Oh eight? Does it? 852 00:46:58.840 --> 00:47:02.920 The landlord will be responsible for Brad? 853 00:47:03.119 --> 00:47:06.400 If it? If the attorney would be responsible for landlord fees, 854 00:47:06.800 --> 00:47:10.039 why wouldn't someone do a consultation and then decide it 855 00:47:10.119 --> 00:47:10.920 might be worth it. 856 00:47:12.159 --> 00:47:13.960 Well, that's not the kind of money that more, They 857 00:47:14.079 --> 00:47:15.679 say contingency type of a lawyer. 858 00:47:16.039 --> 00:47:18.119 Well, I'm not talking about contingency. But if you're going 859 00:47:18.159 --> 00:47:20.800 to get paid by the court, if the court orders 860 00:47:20.960 --> 00:47:23.800 attorneys fees, isn't that as good as being paid? 861 00:47:25.239 --> 00:47:28.039 Well, attorney fees are not guaranteed. It's something that you 862 00:47:28.119 --> 00:47:30.719 go for after you win and the court it all 863 00:47:30.760 --> 00:47:33.559 times has discretion to award anywhere from zero present to 864 00:47:33.559 --> 00:47:36.960 one hundred percent of attorneys fees. Sometimes, Okay, they don't 865 00:47:36.960 --> 00:47:39.480 award them if they find it it's not equitable. 866 00:47:40.400 --> 00:47:42.079 Okay, I didn't know that. 867 00:47:43.239 --> 00:47:47.159 So that's so for me, Brad to write a letter 868 00:47:47.199 --> 00:47:49.440 to this guy and say, look, this is what you 869 00:47:49.519 --> 00:47:53.719 all according to the statute, I mean, what would that? 870 00:47:53.519 --> 00:47:57.440 That would take a couple hours of time, right, probably? 871 00:47:57.480 --> 00:48:00.039 Yeah, So I don't just start writing a letter. I 872 00:48:00.079 --> 00:48:03.480 have to look at all the release and correspondence. 873 00:48:03.639 --> 00:48:10.079 Exactly, So a couple hours. So, Nikki, it's unfortunate, but 874 00:48:10.199 --> 00:48:13.199 I don't think you're going to find someone who's gonna 875 00:48:13.199 --> 00:48:13.480 do it. 876 00:48:13.639 --> 00:48:17.199 Wait a second, I just thought of something. Suzanne's been 877 00:48:17.280 --> 00:48:19.320 helping out those Texas kids. 878 00:48:19.400 --> 00:48:20.480 Through legal aid. 879 00:48:20.599 --> 00:48:23.199 I bet I bet they would jump on something like this, 880 00:48:23.239 --> 00:48:23.760 wouldn't they. 881 00:48:25.199 --> 00:48:28.320 Actually I called them and they are not taking eviction 882 00:48:28.719 --> 00:48:32.000 or landlord tenant cases at this time. 883 00:48:32.239 --> 00:48:35.239 Oh wow, that means there's a million of them out there. 884 00:48:35.639 --> 00:48:39.280 I have actually researched some of this, and I had 885 00:48:39.400 --> 00:48:42.039 hit a wall with what to do because I know 886 00:48:42.119 --> 00:48:45.199 if I filed through Small Claims court in order to 887 00:48:45.239 --> 00:48:48.920 collect from this man and get anything of what was 888 00:48:49.039 --> 00:48:54.079 left in that room, especially of my professional tools, is 889 00:48:54.159 --> 00:48:55.239 going to be difficult. 890 00:48:55.639 --> 00:48:57.599 Well wait a minute, you're signing you got more than 891 00:48:57.639 --> 00:49:00.239 seventy five hundred bucks worth of stuff in that room. 892 00:49:01.159 --> 00:49:05.360 I would say between the five thousand dollars of Uh. 893 00:49:05.440 --> 00:49:10.800 She's talking about what's statutory, what statutory as well as. 894 00:49:10.920 --> 00:49:15.000 But still why not go after the seventy five hundred though, Brad, Brad, dude, 895 00:49:15.320 --> 00:49:16.400 let me ask you, I'm Brad. 896 00:49:16.440 --> 00:49:19.079 Those statutory damages, do you get to add to them 897 00:49:19.119 --> 00:49:25.639 your actual damages? Yes? 898 00:49:25.719 --> 00:49:29.719 I think so, because that is what I read. The 899 00:49:29.760 --> 00:49:32.480 loss of property like your furniture is another thing. 900 00:49:33.320 --> 00:49:37.400 Okay, yes, so small claims is hard to collect on 901 00:49:37.679 --> 00:49:40.639 and it would cost me money to file in small claims. 902 00:49:40.639 --> 00:49:42.000 And that's why it. 903 00:49:42.000 --> 00:49:45.199 Costs fifty dollars fifty five bucks. I mean, Nikki, that's 904 00:49:45.239 --> 00:49:45.840 no big deal. 905 00:49:46.039 --> 00:49:49.599 You know what, dude. For somebody who has fifty five 906 00:49:49.639 --> 00:49:52.800 bucks and something in their bank account that works, I 907 00:49:52.800 --> 00:49:54.400 don't have anything right. 908 00:49:54.239 --> 00:50:01.239 Now, Okay, Nikki's Niki, Nicky, I lost my If we filed, 909 00:50:01.320 --> 00:50:03.880 if we paid for it, if we paid, you helped 910 00:50:03.920 --> 00:50:06.599 you pay the fee, would you file a small claim. 911 00:50:08.239 --> 00:50:11.920 I would consider it that I don't have the information 912 00:50:12.119 --> 00:50:14.440 in order to collect from him, though. 913 00:50:14.599 --> 00:50:17.480 Okay, and listen, then here's what I'm going to go 914 00:50:17.559 --> 00:50:21.719 back and Brad O'Brien, by the way, olslaw dot com. Brad, 915 00:50:21.760 --> 00:50:24.000 thank you so much for all which coming on seven 916 00:50:24.039 --> 00:50:27.519 to zero three seven zero seventy three eighty eight. If 917 00:50:27.559 --> 00:50:29.679 you're a landlord, you want to do things the right way, 918 00:50:29.800 --> 00:50:33.119 call him please and now, now, Nikki, here's the deal. 919 00:50:34.039 --> 00:50:36.679 What do we Why don't we have Bo who's sitting 920 00:50:36.719 --> 00:50:39.639 in the studio. He's a smart man. He he understands 921 00:50:39.679 --> 00:50:42.239 the issue. Why don't we have him try to negotiate 922 00:50:42.280 --> 00:50:43.239 with your landlord? 923 00:50:47.519 --> 00:50:49.599 Like I said, there's a lot going on, I believe. 924 00:50:49.719 --> 00:50:52.280 Yeah, all right, Nikky, we can't help you. I'm sorry, 925 00:50:52.400 --> 00:50:55.079 we tried. Thank you very much for calling three oh three. 926 00:50:55.119 --> 00:50:57.440 We can't get you an attorney free. Sorry nor on 927 00:50:57.559 --> 00:51:01.440 contingency three O three seven three three eight two five five. 928 00:51:06.000 --> 00:51:09.239 Go with a sure thing Denver's Best roofer Excel Roofing 929 00:51:09.360 --> 00:51:12.000 dot com. You don't pay a cent until you're content. 930 00:51:15.360 --> 00:51:18.559 Time for an insurance check up free, no obligation. In comparison, 931 00:51:18.679 --> 00:51:22.239 call Compass insurance paying too much your coverage at dozens 932 00:51:22.239 --> 00:51:24.960 of insurance companies. Find out now three oh three seven 933 00:51:25.079 --> 00:51:27.880 seven to one help. You'll think you're his only customer 934 00:51:27.920 --> 00:51:30.199 when you choose Frank durand the real estate man dot 935 00:51:30.199 --> 00:51:33.559 com to list your home with Remax Alliance three oh 936 00:51:33.559 --> 00:51:37.599 three nine two zero sixteen twenty two three o three 937 00:51:37.760 --> 00:51:40.119 seven one three Talk Carl, what's happening? 938 00:51:42.880 --> 00:51:46.880 Good morning Tom? I'd like to say right off the 939 00:51:46.960 --> 00:51:50.199 bat at Uh. You and your staff are awesome for 940 00:51:50.320 --> 00:51:51.960 the way you handle and help people. 941 00:51:52.960 --> 00:51:55.639 Well, thank you. We try, Karl, honest to goodness. A 942 00:51:55.639 --> 00:51:59.039 lot of people agree, some people don't. So what's going 943 00:51:59.079 --> 00:52:02.599 on with dental plants? They're very, very complicated? 944 00:52:04.159 --> 00:52:08.679 Yeah they are. I can I've got four pages. Who 945 00:52:08.679 --> 00:52:09.719 if you want me to read it all? 946 00:52:09.840 --> 00:52:11.800 Or no? No, no, here's what I want to know. 947 00:52:12.880 --> 00:52:15.000 Let me ask some basic questions. Then you can tell 948 00:52:15.000 --> 00:52:18.679 a story. I take it you had dental implants. 949 00:52:18.159 --> 00:52:20.760 Done upper and lower. 950 00:52:21.320 --> 00:52:24.719 Uh. And when you say implants upper and lower, were 951 00:52:24.719 --> 00:52:27.880 they to hold dentures or were they individual teeth? 952 00:52:29.519 --> 00:52:32.960 No, they're to hold the to hold the plates teeth. 953 00:52:33.480 --> 00:52:35.880 I get no, No, I understand, But what I'm saying 954 00:52:35.960 --> 00:52:40.719 is this. There's two ways implants are used. There's one 955 00:52:40.760 --> 00:52:44.199 way where one each tooth gets an implant or a 956 00:52:44.280 --> 00:52:47.199 screw and then they put a restoration on it. The 957 00:52:47.360 --> 00:52:50.360 other way is, well there's three ways. The other way 958 00:52:50.440 --> 00:52:53.280 is a full mouth on the top and then they 959 00:52:53.639 --> 00:52:57.639 then they place the anchors which are implants, and then 960 00:52:57.679 --> 00:53:00.559 the other way are bridges. So you had the whole 961 00:53:00.760 --> 00:53:06.800 upper and lower done full mouth okay, So basically you 962 00:53:06.920 --> 00:53:10.320 had ank How many anchors or implants did you have 963 00:53:10.719 --> 00:53:11.880 put into your head? 964 00:53:13.639 --> 00:53:17.840 Well, there was most most of the time. When they 965 00:53:17.880 --> 00:53:20.480 do that, they put four up and pour down. In 966 00:53:20.519 --> 00:53:23.760 my case they done five up and they've done six low. 967 00:53:24.480 --> 00:53:29.960 Okay, okay. And so when they did those did did 968 00:53:30.239 --> 00:53:33.000 did you get the restorate? Did you get the dentures 969 00:53:33.079 --> 00:53:33.559 done too? 970 00:53:35.719 --> 00:53:35.920 Yeah? 971 00:53:36.039 --> 00:53:38.800 When they when they do the upper, that's what they 972 00:53:38.840 --> 00:53:41.960 do first is the upper, and they'll put a plate 973 00:53:42.039 --> 00:53:45.199 in there then and then the next day you go 974 00:53:45.320 --> 00:53:47.400 back and they do the lower, and they'll give you 975 00:53:47.440 --> 00:53:48.400 the lower. 976 00:53:48.679 --> 00:53:51.320 Okay. And and by the way, they don't all do 977 00:53:51.400 --> 00:53:54.760 it that way, Carl. Some actually wait a long time 978 00:53:55.679 --> 00:54:00.639 for the implants to heal. The these dent in a 979 00:54:00.760 --> 00:54:04.880 day or dentures in an hour or dentures in a week. 980 00:54:05.760 --> 00:54:09.719 There's a controversy. Not everyone agrees to that procedure. But 981 00:54:10.360 --> 00:54:12.239 you had the plate put in, but you didn't have 982 00:54:12.280 --> 00:54:17.440 the actual denture made and put in that day, did you. 983 00:54:17.519 --> 00:54:17.840 No. 984 00:54:17.840 --> 00:54:20.679 No, it's just a temporary is what it is, temporary 985 00:54:20.719 --> 00:54:21.599 upper and lower. 986 00:54:21.960 --> 00:54:23.719 Okay, So what's the problem. 987 00:54:25.159 --> 00:54:29.239 Well, just like you just said, I didn't realize that 988 00:54:29.280 --> 00:54:33.039 some dentists or some surgeons wait to let your mouth heal, 989 00:54:33.480 --> 00:54:36.199 and that's my problem. My mouth has not healed. 990 00:54:36.800 --> 00:54:41.800 Okay. But you didn't get your permanent dentures yet, did you. No? 991 00:54:41.920 --> 00:54:46.599 I haven't, okay, So what would be wrong with letting 992 00:54:46.639 --> 00:54:48.440 it heal and then getting. 993 00:54:48.119 --> 00:54:52.440 Them, Well, it wouldn't be anything wrong with it. It's been 994 00:54:52.519 --> 00:54:53.239 over a year. 995 00:54:54.119 --> 00:54:59.760 Wait a minute, so your your implants are still bothering 996 00:54:59.800 --> 00:55:01.280 you after one year. 997 00:55:02.719 --> 00:55:06.880 Yeah, the temporaries are still bothering me after one year, Tomas. 998 00:55:06.920 --> 00:55:11.360 What happened is they done the lowers or uppers, and 999 00:55:11.440 --> 00:55:14.840 then I went back. They've done the lower. At that time, 1000 00:55:15.400 --> 00:55:19.880 they suggested that they put another stud in the bottom 1001 00:55:19.960 --> 00:55:23.519 of my jaw, So I went back on the seventh. 1002 00:55:25.280 --> 00:55:27.440 Right, So that's why you have this, That's why you 1003 00:55:27.519 --> 00:55:28.960 have the six lower ones. Right. 1004 00:55:30.199 --> 00:55:30.400 Yeah. 1005 00:55:30.800 --> 00:55:35.239 So hey, hey Carl, real quick, Carl, when you say temporaries, 1006 00:55:35.719 --> 00:55:41.199 they're temporary teeth, right, right? So can I ask you something? 1007 00:55:42.119 --> 00:55:45.960 What does the dentist say of your dentist? What does 1008 00:55:46.000 --> 00:55:50.960 he say about the implants? I imagine it's the implants 1009 00:55:51.000 --> 00:55:53.360 bothering you, that the stuff that goes into your jaw, 1010 00:55:53.760 --> 00:55:58.079 because the temporary teeth don't have feeling. So what's bothering 1011 00:55:58.119 --> 00:56:00.880 you The placement of the temporar worries and how they 1012 00:56:00.960 --> 00:56:04.320 fit or the actual implant into the bones. 1013 00:56:05.599 --> 00:56:08.320 Well, let's see. That's where I'm not sure because I 1014 00:56:08.400 --> 00:56:12.559 don't Okay, I have a second opinion, second opinion. 1015 00:56:12.719 --> 00:56:17.360 Why why haven't you had a second opinion? I have? 1016 00:56:18.719 --> 00:56:19.960 That's what I'm saying. I did. 1017 00:56:20.519 --> 00:56:23.400 And what did they What did the second opinion tell you? 1018 00:56:24.840 --> 00:56:27.480 The first opinion told me that he took an X 1019 00:56:27.559 --> 00:56:29.920 ray of my mouth. He come back and he says, 1020 00:56:29.960 --> 00:56:32.800 I'm gonna be honest with you, Carl. That's a mess. 1021 00:56:33.480 --> 00:56:35.239 He says. The only way you're going to fix that 1022 00:56:36.039 --> 00:56:39.360 is to pull them out. Pull that stuff out, go 1023 00:56:39.440 --> 00:56:41.639 to a bone specialist and have them fill up the 1024 00:56:41.679 --> 00:56:43.920 holes and stuff. And I know you don't want to 1025 00:56:43.920 --> 00:56:46.880 hear this, but you're going to have to go to Daners. 1026 00:56:47.920 --> 00:56:50.039 Well, of course you're gonna have to go to dentures. 1027 00:56:50.159 --> 00:56:55.840 That's what that's what implants hold dentures? Is he saying 1028 00:56:55.960 --> 00:57:00.400 that your your bones are too damaged now to hold 1029 00:57:00.480 --> 00:57:01.280 new implants. 1030 00:57:03.519 --> 00:57:08.559 If what he's saying is the method that they use 1031 00:57:08.639 --> 00:57:12.480 in the in the operation that they did putting those 1032 00:57:13.639 --> 00:57:17.440 studs in the way they did, is why or I'm 1033 00:57:17.480 --> 00:57:21.159 saying now is why I My bones. 1034 00:57:20.840 --> 00:57:25.400 Are okay, So Carl, So Carl, I get it, I 1035 00:57:25.440 --> 00:57:28.400 get it. They're they're saying that the implants were done wrong, 1036 00:57:28.519 --> 00:57:30.440 the studs, whatever you want to call them, they were 1037 00:57:30.480 --> 00:57:33.239 done wrong, and they have to be removed and your 1038 00:57:33.519 --> 00:57:36.320 bone has to be repaired. That's what that dentist said 1039 00:57:36.360 --> 00:57:36.599 to you. 1040 00:57:36.639 --> 00:57:41.840 Right, Well, what he said is you have to take them, 1041 00:57:42.159 --> 00:57:44.440 just to take everything out of there and have a 1042 00:57:44.440 --> 00:57:46.199 bone specialist fixed the bone. 1043 00:57:47.119 --> 00:57:50.119 That's what I just said, Carl, That's exactly what I 1044 00:57:50.360 --> 00:57:54.280 just said, take everything out and repair the bone. That's 1045 00:57:54.320 --> 00:57:59.199 a yes, that's what the dentist told you. Yes, right, okay, 1046 00:57:59.400 --> 00:58:03.960 But then he said you probably can't get new implants. 1047 00:58:04.239 --> 00:58:08.039 You probably have to do conventional dentures. Is that what 1048 00:58:08.119 --> 00:58:13.760 he's saying, Yes, sir, okay, now as that that's a 1049 00:58:13.800 --> 00:58:18.239 pretty serious accusation. Did he say it looks like malpractice 1050 00:58:18.320 --> 00:58:20.119 to him? 1051 00:58:20.280 --> 00:58:21.880 Well, no, he didn't say that. 1052 00:58:23.320 --> 00:58:23.679 Okay. 1053 00:58:23.760 --> 00:58:27.440 In the second the second opinion I got, he basically 1054 00:58:27.480 --> 00:58:30.199 said the same thing. He says, that's a can of worms. 1055 00:58:30.800 --> 00:58:34.639 Okay, did either of those opinions they were not the 1056 00:58:34.679 --> 00:58:38.320 original doctor or associated with the original doctor. Is that right? 1057 00:58:39.639 --> 00:58:40.840 No, they sure wasn't. 1058 00:58:41.320 --> 00:58:45.159 Okay, you need to sue this guy or he's got 1059 00:58:45.159 --> 00:58:47.760 to be able to do the repairs and make you 1060 00:58:47.880 --> 00:58:52.320 whole again without charging you. Have you paid the first dentist? 1061 00:58:53.199 --> 00:58:57.519 Yes, how much I pulled the loan out to do it. 1062 00:58:57.719 --> 00:59:00.559 But how much how much I've done that? 1063 00:59:00.679 --> 00:59:01.039 Lord? 1064 00:59:01.239 --> 00:59:03.480 How much? How much? 1065 00:59:04.760 --> 00:59:05.880 Eighteen thousand? 1066 00:59:06.320 --> 00:59:09.079 Thank you? Keep going with your story. What did you 1067 00:59:09.119 --> 00:59:10.639 say you took a loan out? 1068 00:59:11.920 --> 00:59:15.679 Okay, when they took when they'd done the lower ones 1069 00:59:15.920 --> 00:59:19.559 and they put that second study in, they moved the 1070 00:59:20.599 --> 00:59:22.679 that was on the right side on the left side. 1071 00:59:22.679 --> 00:59:25.679 They moved it to align with the right side. 1072 00:59:26.320 --> 00:59:26.760 Well, it was. 1073 00:59:26.719 --> 00:59:30.159 Supposed to take an hour three hours later, there's Carl. 1074 00:59:30.639 --> 00:59:35.599 Carl, we've already established, We've already established with two dentists 1075 00:59:35.920 --> 00:59:38.519 that the guy was a clown. Okay, so you don't 1076 00:59:38.519 --> 00:59:41.239 have to sell me. Now, you got to do something 1077 00:59:41.280 --> 00:59:43.360 about it. You got I'm serious. 1078 00:59:43.519 --> 00:59:46.360 I wanted to tell you this. They when I started 1079 00:59:46.360 --> 00:59:49.480 to wake up, they started shooting me, pulling numb jill. 1080 00:59:49.679 --> 00:59:54.039 Okay, Carl, I get it. And guess what, Carl, I 1081 00:59:54.159 --> 00:59:58.440 get it, Carl, I get it. The first dentist, Carl, 1082 00:59:58.840 --> 01:00:02.159 the first dentist was clown. I get it. I get it. 1083 01:00:02.679 --> 01:00:05.880 Now we have to do something about it. I mean 1084 01:00:05.960 --> 01:00:09.360 I I you sold me, Bro, you sold me. Have 1085 01:00:09.440 --> 01:00:11.119 you talked to attorneys about it? 1086 01:00:12.679 --> 01:00:15.559 Welcome? This is the funny part of it, Tom. I've 1087 01:00:15.599 --> 01:00:18.599 talked to turn out, not too directly to an attorney, 1088 01:00:18.599 --> 01:00:21.639 but they're associates. And then noem want to do anything. 1089 01:00:22.159 --> 01:00:26.760 That's because Okay, Carl, Carl, hold on, let me come 1090 01:00:26.800 --> 01:00:29.519 back to you and give you some dose of reality. Okay, 1091 01:00:29.760 --> 01:00:31.440 Then we're gonna see what we can do to help. 1092 01:00:31.599 --> 01:00:34.320 Hang on. I'm Tom Martinez. Three oh three seven to 1093 01:00:34.320 --> 01:00:36.840 one three talk seven one three eight two five five 1094 01:00:37.079 --> 01:00:39.480 eight eight eight. Heating dot com will get you a 1095 01:00:39.559 --> 01:00:43.800 deep clean for forty five bucks and the best value anywhere. 1096 01:00:44.039 --> 01:00:46.639 If you need to replace your furnace, they can do 1097 01:00:46.679 --> 01:00:49.760 the high efficiency furnace in air that'll save you money 1098 01:00:50.079 --> 01:00:52.760 for the rest of your life, well for the next 1099 01:00:52.760 --> 01:01:00.159 thirty years. That's eight eight eight heating dot com. Go 1100 01:01:00.239 --> 01:01:03.920 with a sure thing Denver's best roofer Excel Roofing dot com. 1101 01:01:03.960 --> 01:01:09.679 You don't pay a cent until you're content. Time for 1102 01:01:09.719 --> 01:01:13.480 an insurance check up free no obligation comparison call Compass 1103 01:01:13.519 --> 01:01:16.800 Insurance Paying too much your coverage at dozens of insurance 1104 01:01:16.800 --> 01:01:19.360 companies find out now three all three seven seven to 1105 01:01:19.400 --> 01:01:22.159 one help. You'll think you're his only customer when you 1106 01:01:22.239 --> 01:01:24.679 choose Frank durand the real estate Man dot com to 1107 01:01:24.760 --> 01:01:28.000 list your home with Remax Alliance three oh three nine 1108 01:01:28.000 --> 01:01:35.119 two zero sixteen twenty two. Hey, I'm Tom Martino, your 1109 01:01:35.239 --> 01:01:38.880 troubleshooter three O three seven one three talks seven one 1110 01:01:38.880 --> 01:01:42.280 three eight two five five renew home Innovations, by the way. 1111 01:01:42.400 --> 01:01:45.880 The best shower conversion, Well, I'm gonna say great shower 1112 01:01:45.880 --> 01:01:48.320 conversions two or three days, seventy two months to pay. 1113 01:01:48.639 --> 01:01:51.280 Why don't I say the best well shower conversion. Man, 1114 01:01:51.400 --> 01:01:56.000 when you see it, it's stone resin that needs no maintenance, 1115 01:01:56.039 --> 01:02:01.119 and glass panels and perimeter drains and no no steps 1116 01:02:01.159 --> 01:02:04.000 to go over, no thresholds to walk over. It's a 1117 01:02:04.039 --> 01:02:07.760 smooth transition from your floor. It's wonderful renew Home Innovations 1118 01:02:07.760 --> 01:02:10.440 three O three nine zero four to two thousand, and 1119 01:02:10.480 --> 01:02:13.079 they'll make it to your specifications three O three nine 1120 01:02:13.119 --> 01:02:16.440 zero four to two thousand. So it's the best for 1121 01:02:16.559 --> 01:02:22.320 you for sure. Now, Carl, let's talk about this. 1122 01:02:22.480 --> 01:02:22.880 Carl. 1123 01:02:23.519 --> 01:02:26.000 There's no doubt in my mind from what you're telling me, 1124 01:02:26.039 --> 01:02:28.360 if I take you at your word that if two 1125 01:02:28.480 --> 01:02:31.800 dentists said this, this is terrible, and it all has 1126 01:02:31.840 --> 01:02:34.599 to be removed and redone, and you're gonna have your 1127 01:02:34.679 --> 01:02:37.400 bone has to be repaired, and now you're not gonna 1128 01:02:37.440 --> 01:02:39.440 be able to ever have implants. You're gonna have to 1129 01:02:39.440 --> 01:02:43.079 go with conventional dentures. And this dentist screwed you up. 1130 01:02:43.480 --> 01:02:49.920 You have a case. Here's the age old problem damages 1131 01:02:51.280 --> 01:02:55.440 and here's what I mean, Carl. You could not afford 1132 01:02:56.079 --> 01:03:01.519 to bring this case to court because it's going to 1133 01:03:01.599 --> 01:03:07.599 cost with experts and with testimony and with depositions and 1134 01:03:07.639 --> 01:03:13.440 with pre trial motions, probably one hundred and fifty thousand 1135 01:03:13.440 --> 01:03:18.440 to get to court. So yeah, now I might be 1136 01:03:19.559 --> 01:03:25.159 Deputy doc. Am I exaggerating with malpractice? Am I exaggerating 1137 01:03:25.159 --> 01:03:26.239 to get to court? You know? 1138 01:03:26.280 --> 01:03:28.840 What's the name of the group that did the implants? 1139 01:03:30.840 --> 01:03:31.000 Oh? 1140 01:03:31.079 --> 01:03:31.960 Should I say it? 1141 01:03:32.079 --> 01:03:34.840 Or yeah? Of course you can if you're telling me 1142 01:03:34.880 --> 01:03:35.920 the truth. Who is it? 1143 01:03:37.159 --> 01:03:39.400 What's Colorado Surgical Institution? 1144 01:03:40.119 --> 01:03:43.519 How'd you find them? 1145 01:03:43.679 --> 01:03:46.159 Off to TV? The other had an. 1146 01:03:46.079 --> 01:03:52.000 Ad Colorado or Colorado Surgical Institution. Yep. 1147 01:03:53.000 --> 01:03:55.360 It also seems to me, Tom that if he paid 1148 01:03:55.400 --> 01:04:01.559 eighteen thousand dollars for at least eleven anchors and you 1149 01:04:01.639 --> 01:04:06.760 know that's that's like Ridikie underpaid, way way underpaid. 1150 01:04:07.440 --> 01:04:10.079 But he still didn't deserve to be screw. 1151 01:04:09.880 --> 01:04:11.840 No, I'm just saying that should have been a red flag. 1152 01:04:12.440 --> 01:04:16.079 But have you Have you called Leventhal and Associates? 1153 01:04:17.960 --> 01:04:18.079 No? 1154 01:04:18.159 --> 01:04:21.679 I sure have called them when you said you called attorneys? 1155 01:04:21.679 --> 01:04:22.480 Who did you call? 1156 01:04:23.960 --> 01:04:27.199 Well, I don't have a list of them right now. 1157 01:04:27.360 --> 01:04:29.360 And Carl got it? How old are you, Karl? 1158 01:04:29.440 --> 01:04:31.079 I don't have it with me right now. 1159 01:04:31.199 --> 01:04:32.079 How old are you, Carl? 1160 01:04:33.559 --> 01:04:35.360 I'm seventy four. 1161 01:04:35.880 --> 01:04:39.599 Okay, listen, here's what I want to tell you on 1162 01:04:40.119 --> 01:04:44.440 these When you make a call to an attorney, did 1163 01:04:44.480 --> 01:04:46.199 you try to explain your whole story. 1164 01:04:47.960 --> 01:04:50.920 Yeah, they'll kind of take a summary of it, but 1165 01:04:50.960 --> 01:04:51.599 don't know. 1166 01:04:51.800 --> 01:04:53.719 Here's what you tell them. Here's what you tell them, 1167 01:04:54.440 --> 01:04:58.159 and if you, if you, I promise you, this is 1168 01:04:58.159 --> 01:05:03.880 how you say it. You had eleven implants and temporary 1169 01:05:04.000 --> 01:05:09.800 dentures put in okay, and two other dentists told you 1170 01:05:10.719 --> 01:05:15.159 they are completely wrong and screwed up. They have to 1171 01:05:15.199 --> 01:05:18.239 be removed. I'm going to have to have my bones 1172 01:05:18.360 --> 01:05:22.360 repaired and I can never wear I can never have 1173 01:05:22.679 --> 01:05:26.320 dental implants again. I will have to go with regular dentures. 1174 01:05:26.400 --> 01:05:30.360 That's all you have to say. I'm in constant pain 1175 01:05:30.800 --> 01:05:32.960 and I need help. That's what you say. 1176 01:05:33.079 --> 01:05:35.519 Yeah, I have believe me. I have pressure in my 1177 01:05:35.599 --> 01:05:37.960 upper jaw all the time. Carl. 1178 01:05:38.679 --> 01:05:41.519 Did you hear what I said? 1179 01:05:42.880 --> 01:05:46.320 Yes, But I wanted to put in there that if 1180 01:05:46.360 --> 01:05:48.519 I wanted to add to that that I've had that 1181 01:05:48.639 --> 01:05:52.480 upper place being broke five times. They had to replace it. 1182 01:05:52.920 --> 01:05:59.960 Okay, Carl, please please, please please to get their attention. 1183 01:06:01.039 --> 01:06:07.800 You've had eleven implants and temporary dentures. You've been in 1184 01:06:07.920 --> 01:06:11.519 constant pain, and you went to two dentists who told you. 1185 01:06:12.119 --> 01:06:15.679 Both of them told you they were done incorrectly. They 1186 01:06:15.760 --> 01:06:19.239 must be removed and your bone has to be repaired, 1187 01:06:19.519 --> 01:06:22.599 and you can never have implants again, and you have 1188 01:06:22.679 --> 01:06:26.320 to go with conventional dentures. That's all you have to 1189 01:06:26.360 --> 01:06:29.400 tell them. And you tell them you're in tremendous pain. 1190 01:06:29.840 --> 01:06:33.880 Please just tell them that they will want to talk 1191 01:06:33.920 --> 01:06:36.079 to you. Okay. 1192 01:06:37.519 --> 01:06:39.960 The lawyer's phone number or name. 1193 01:06:39.840 --> 01:06:41.320 Again, I don't know. 1194 01:06:41.360 --> 01:06:47.039 Well, I would start with the best. Okay, there's two 1195 01:06:47.239 --> 01:06:51.119 eleventhhal deputy doc knows from his days as being a doctor. 1196 01:06:51.440 --> 01:06:57.760 They they're known for malpractice. I mean for hand best Levenhal. 1197 01:06:59.039 --> 01:06:59.599 Okay. 1198 01:07:00.119 --> 01:07:03.639 Then hold on, we have somebody else. You should call 1199 01:07:04.440 --> 01:07:14.320 one eight hundred attorney and that's Marco ben Denelli. Okay, 1200 01:07:16.039 --> 01:07:18.440 and then he's on our referral list. We know him well. 1201 01:07:18.440 --> 01:07:24.360 I want you to call both. All right, we wish 1202 01:07:24.480 --> 01:07:27.320 the best, Carl, I feel really bad for you. By 1203 01:07:27.360 --> 01:07:30.039 the way, did the original place offer to do anything 1204 01:07:30.119 --> 01:07:30.440 for you? 1205 01:07:31.800 --> 01:07:36.559 Well, this is the thing, Tom, They've been a year 1206 01:07:37.440 --> 01:07:39.000 because I keep biting my lift. 1207 01:07:39.239 --> 01:07:41.679 Okay, Carl, I'm going to ask you this again. Did 1208 01:07:41.719 --> 01:07:43.639 they offer to do anything for you? 1209 01:07:44.039 --> 01:07:45.239 Yes? Yes? 1210 01:07:45.400 --> 01:07:47.719 Okay, hold on then hold on, I want to know 1211 01:07:47.800 --> 01:07:55.239 what they offered. I'm Tom Martine. Go with a sure thing, 1212 01:07:55.360 --> 01:07:58.679 Denver's best roofer Excel Roofing dot com. You don't pay 1213 01:07:58.679 --> 01:08:05.320 a cent until your time for an insurance checkup free, 1214 01:08:05.400 --> 01:08:09.159 no obligation. In comparison, call Compass Insurance paying too much 1215 01:08:09.280 --> 01:08:12.199 your coverage at dozens of insurance companies find out now 1216 01:08:12.280 --> 01:08:14.559 three oh three seven to seven to one. Help. You'll 1217 01:08:14.599 --> 01:08:17.359 think you're his only customer when you choose Frank durand 1218 01:08:17.319 --> 01:08:19.800 the real estate Man dot com to list your home 1219 01:08:20.000 --> 01:08:23.159 with Remax Alliance three oh three nine two zero sixteen 1220 01:08:23.239 --> 01:08:29.319 twenty two. Hi Tom Martino here three three seven one 1221 01:08:29.439 --> 01:08:30.000 three talks. 1222 01:08:30.640 --> 01:08:33.479 You got to hear this quick news story. It's very true, man, 1223 01:08:33.720 --> 01:08:36.039 It's just it'll take what fifteen twenty seconds? 1224 01:08:36.039 --> 01:08:36.800 Say go ahead. 1225 01:08:37.359 --> 01:08:39.680 Texas police say a woman was banned from a local 1226 01:08:39.720 --> 01:08:43.000 Walmart after she spent several hours driving an electric shopping 1227 01:08:43.000 --> 01:08:46.319 cart around the parking lot while drinking wine from a 1228 01:08:46.359 --> 01:08:49.720 pringles can. Police were called about a suspicious person. 1229 01:08:49.479 --> 01:08:54.399 Around nine You can't you can't make that stuff up. Man, No, nope, no, no, 1230 01:08:55.279 --> 01:08:59.359 Hey Carl, what did the previous dentist that did this 1231 01:08:59.520 --> 01:09:02.520 screw up job? What did they offer you this surgical center? 1232 01:09:04.079 --> 01:09:09.479 Well is what they They've changed the plate? What's going on? 1233 01:09:09.640 --> 01:09:10.800 Is I'm biting my lip? 1234 01:09:11.239 --> 01:09:13.359 No, I get it. What did they offer you though? 1235 01:09:13.399 --> 01:09:16.520 As far as do they agree that the implants are bad? 1236 01:09:18.039 --> 01:09:22.680 No, no, they do everything but to say that, Okay, 1237 01:09:22.840 --> 01:09:26.479 so I can blow air. I can blow air between 1238 01:09:26.520 --> 01:09:29.600 my opera roll my gum and the plate. I can 1239 01:09:29.600 --> 01:09:31.960 blow air through it. And he says you might have 1240 01:09:32.000 --> 01:09:34.279 to live with that. Well, that's not what I asked for. 1241 01:09:34.800 --> 01:09:35.840 I want a good job. 1242 01:09:36.760 --> 01:09:39.880 Yeah, hold on, do you want someone to contact them 1243 01:09:39.920 --> 01:09:41.439 and try to work this out? I want to give 1244 01:09:41.479 --> 01:09:43.520 it to deputy doc. Do you want to do that? 1245 01:09:46.279 --> 01:09:48.640 Let's see if he does, and if so, give it 1246 01:09:48.680 --> 01:09:55.359 to doc. I'm Tom Martina. Go with a sure thing 1247 01:09:55.479 --> 01:09:58.760 Denver's Best roofer Excel roofing dot com. You don't pay 1248 01:09:58.800 --> 01:10:05.079 a cent until you're tenth time for an insurance check up, 1249 01:10:05.199 --> 01:10:09.279 free no obligation comparison call compass insurance paying too much 1250 01:10:09.399 --> 01:10:12.319 your coverage at dozens of insurance companies find out now 1251 01:10:12.399 --> 01:10:15.119 three oh three seven seven one help. You'll think you're 1252 01:10:15.159 --> 01:10:17.680 his only customer when you choose Frank durand the real 1253 01:10:17.760 --> 01:10:20.760 estate man dot com to list your home with Remax 1254 01:10:20.800 --> 01:10:27.279 Alliance three oh three nine two zero sixteen twenty two. 1255 01:10:29.560 --> 01:10:38.560 RiPP you need advice? Who you don't have? Come run anxious. 1256 01:10:38.520 --> 01:10:39.560 Fast as we can. 1257 01:10:40.800 --> 01:10:42.119 Shooter's gonna help. 1258 01:10:42.399 --> 01:10:46.439 Come Man six is the Troubleshooter Show. 1259 01:10:47.079 --> 01:10:50.600 No Tom Martinez. Hey, Hey, hey, welcome to the show. 1260 01:10:50.720 --> 01:10:54.760 Three oh three seven one three talk seven one three 1261 01:10:55.319 --> 01:10:57.880 eight two five five. What's going on in your life? 1262 01:10:57.960 --> 01:10:59.520 If you have a problem, question and complaint, you can 1263 01:10:59.520 --> 01:11:03.319 give us a call. But right now, Mark's got Joe Kano, 1264 01:11:03.479 --> 01:11:07.479 certified financial Planner in the studio along with Jordan Caano 1265 01:11:07.680 --> 01:11:10.119 on the phone, and guys, we want to run up 1266 01:11:10.159 --> 01:11:12.920 some numbers. We're always asked Mark, We're always asked this question. 1267 01:11:13.000 --> 01:11:14.560 So let's constantly. 1268 01:11:14.600 --> 01:11:17.520 Well, it's this we talk about to guaranteed income. We 1269 01:11:17.560 --> 01:11:20.600 talk about different aspects of annuity. We know the product 1270 01:11:20.680 --> 01:11:23.720 you guys really like as a fifteen percent bonus. But 1271 01:11:23.800 --> 01:11:26.159 here's the bottom line, Like, give me an idea of 1272 01:11:26.199 --> 01:11:29.880 for a forty five year old puts one hundred thousand 1273 01:11:30.159 --> 01:11:33.520 along with the fifteen percent bonus, and he wants to 1274 01:11:33.600 --> 01:11:37.560 start taking the money at age seventy five, how much 1275 01:11:37.640 --> 01:11:40.760 is he truly guaranteed for the rest of his life, 1276 01:11:40.840 --> 01:11:43.359 same with a fifty five year old or a seventy 1277 01:11:43.439 --> 01:11:46.560 year old. I mean, what are the real numbers, guys. 1278 01:11:46.319 --> 01:11:48.960 So let's take him on at a time. Let's go 1279 01:11:49.079 --> 01:11:49.760 forty five. 1280 01:11:50.640 --> 01:11:53.039 Well, yes, forty five, Jordan here, I'm still running numbers 1281 01:11:53.039 --> 01:11:54.680 on the other two. Shabat they on those ones real quick. 1282 01:11:54.720 --> 01:11:56.600 But as part of the forty five year old Neil 1283 01:11:56.640 --> 01:11:59.760 one hundred thousand, just jumping in putting the money in 1284 01:12:00.079 --> 01:12:03.600 thing added by the age of seventy five, we're talking 1285 01:12:03.640 --> 01:12:06.760 about an income stream bare minimum too. This is absolutely 1286 01:12:06.760 --> 01:12:09.720 guaranteed minimum at least of thirty almost thirty six thousand 1287 01:12:09.800 --> 01:12:12.720 dollars a year off of one hundred k, So thirty 1288 01:12:12.720 --> 01:12:14.840 six thousand a year for the rest of his life, 1289 01:12:14.920 --> 01:12:17.239 no matter how long lived taking that income, and if 1290 01:12:17.239 --> 01:12:19.520 they needed long term care, just to multiply that by 1291 01:12:19.520 --> 01:12:21.800 two and they'll be paying about seventy two k out. 1292 01:12:22.239 --> 01:12:24.520 So this guy's going to get three grand a month 1293 01:12:24.600 --> 01:12:27.079 if he puts one hundred grand. So if he accumulated 1294 01:12:27.079 --> 01:12:28.880 one hundred grand and a four to one kre or 1295 01:12:28.920 --> 01:12:32.279 whatever or any kind of any kind of fund and 1296 01:12:32.319 --> 01:12:35.920 he puts that in an annuity, a fixed index annuity 1297 01:12:36.159 --> 01:12:37.520 and just let's sit there. 1298 01:12:38.800 --> 01:12:39.079 Yep. 1299 01:12:39.439 --> 01:12:42.920 But that didn't even include the bonus money. No, it did, right, 1300 01:12:43.000 --> 01:12:43.479 that's with me. 1301 01:12:43.640 --> 01:12:45.119 That's with the bonus. You have to be okay with 1302 01:12:45.199 --> 01:12:46.880 the bonus kday one yep. 1303 01:12:47.119 --> 01:12:50.239 And you said that was the guaranteed amount. I mean, like, 1304 01:12:50.680 --> 01:12:51.880 how much could that be? 1305 01:12:53.000 --> 01:12:55.319 So so the key thing is think about thee hundred 1306 01:12:55.520 --> 01:12:58.439 thousand he starts with that, with that bonus of fifteen 1307 01:12:58.600 --> 01:13:00.520 by the age of seventy five. And again this is 1308 01:13:00.600 --> 01:13:03.239 using historic numbers, so this isn't this guy's using the 1309 01:13:03.319 --> 01:13:06.119 last history of the numbers. They're saying, you know, based 1310 01:13:06.119 --> 01:13:08.520 off those averages from the market, that one hundred grand 1311 01:13:08.600 --> 01:13:10.680 is going to grow close to almost three quarters of 1312 01:13:10.720 --> 01:13:13.760 a million dollars just by itself, nothing added, it's going 1313 01:13:13.800 --> 01:13:15.840 to cross get it pretty close about six hundred and 1314 01:13:15.920 --> 01:13:19.079 prob about six hundred and twelve thousand dollars based off 1315 01:13:19.119 --> 01:13:21.560 of that. They could live off that income stream, take 1316 01:13:21.600 --> 01:13:24.439 all that money out or with that income on like 1317 01:13:24.479 --> 01:13:26.880 we're talking about, which that thirty six thousand dollars a 1318 01:13:27.000 --> 01:13:29.600 year that will pay indefinitely until the day passes. 1319 01:13:29.760 --> 01:13:30.680 So they could take. 1320 01:13:30.560 --> 01:13:33.279 That, They could take that close to three quarters of 1321 01:13:33.319 --> 01:13:36.439 a million as one lump sum. I'm not saying anybody 1322 01:13:36.600 --> 01:13:39.680 would want to, but you could. Well what happens if 1323 01:13:39.720 --> 01:13:41.840 I did that at age forty five? It's a little 1324 01:13:41.880 --> 01:13:44.479 too late for me. I'm fifty two. But let's say 1325 01:13:44.520 --> 01:13:48.039 I did that and then I croak at age sixty five? 1326 01:13:48.079 --> 01:13:50.720 What happens to my money? Does my wife get the money? 1327 01:13:50.760 --> 01:13:51.479 How does that work? 1328 01:13:52.279 --> 01:13:52.520 Yeah? 1329 01:13:52.560 --> 01:13:55.319 So if you took the money, the thing would be is, 1330 01:13:55.479 --> 01:13:57.760 let's put it this way. Whatever money is less than 1331 01:13:57.800 --> 01:14:01.359 the account goes to your family. It could be spoused children, 1332 01:14:01.399 --> 01:14:04.079 it could be multiple people, very different from a traditional pension. 1333 01:14:04.159 --> 01:14:06.640 So if I never took anything out and it was 1334 01:14:06.760 --> 01:14:10.239 worth that three quarters of a million, they would get that. 1335 01:14:10.520 --> 01:14:12.039 My errors would get that. 1336 01:14:12.199 --> 01:14:12.560 Got it? 1337 01:14:13.119 --> 01:14:14.800 You got it? And that's the beauty of this. It 1338 01:14:14.880 --> 01:14:16.800 kind of helps cover for the what if you know, 1339 01:14:16.840 --> 01:14:18.720 if you're living a long life, well, guess what you 1340 01:14:18.760 --> 01:14:20.600 got income for the rest of your life, not worried 1341 01:14:20.600 --> 01:14:22.359 to have to be forced back into work. The what 1342 01:14:22.439 --> 01:14:24.520 if if long term care it's there and you just 1343 01:14:24.560 --> 01:14:25.960 hit it right on the head of their mark. If 1344 01:14:26.000 --> 01:14:27.920 you did pass, and the graduates in the next world, well, 1345 01:14:27.920 --> 01:14:30.119 guess what, there is money left behind your loaf. 1346 01:14:30.159 --> 01:14:34.199 Okay, okay, So that's great for someone younger, that money's crazy. 1347 01:14:34.479 --> 01:14:37.159 But how about like right now, someone let's just say 1348 01:14:37.840 --> 01:14:41.359 sixty years old, and they're thinking or retiring at you know, 1349 01:14:41.560 --> 01:14:44.600 seventy five or whatever, just I mean whatever, let's use 1350 01:14:44.600 --> 01:14:47.399 the same date seventy five. Now, how much would they 1351 01:14:47.439 --> 01:14:50.279 get because that money's not sitting there? And then the 1352 01:14:50.399 --> 01:14:54.000 exact same thing though, right when they do start taking 1353 01:14:54.039 --> 01:14:59.560 that money, they are guaranteed that till the day they die. Correct, correct, 1354 01:15:00.439 --> 01:15:03.319 Then if something happens to him and they need care 1355 01:15:03.479 --> 01:15:06.119 maybe in their house or a facility or whatever, it 1356 01:15:06.199 --> 01:15:10.159 actually doubles per month and they can still take a 1357 01:15:10.239 --> 01:15:11.560 lump sum if they need it. 1358 01:15:12.479 --> 01:15:14.840 So how much would that be? Yeah? 1359 01:15:14.880 --> 01:15:17.359 So, and this is for a sixty year old. Now 1360 01:15:17.359 --> 01:15:18.760 I want to give you the next kind of bracket 1361 01:15:18.840 --> 01:15:20.199 up here. So if we're talking about a sixty year 1362 01:15:20.239 --> 01:15:22.359 old and a little bit later there that's getting ready 1363 01:15:22.359 --> 01:15:25.359 to retire, they have one hundred thousand, same numbers they 1364 01:15:25.439 --> 01:15:26.840 dump it in, and if they want to take it 1365 01:15:26.840 --> 01:15:28.960 at seventy five, obviously a little bit less time than 1366 01:15:29.000 --> 01:15:30.800 a forty five year old, they're going to be close 1367 01:15:30.840 --> 01:15:33.359 to about twenty two thousand dollars a year for the rest. 1368 01:15:33.479 --> 01:15:34.600 That's incredible. 1369 01:15:34.680 --> 01:15:39.039 Now, now let me ask you this, guys, so you 1370 01:15:39.119 --> 01:15:40.920 don't have to decide. 1371 01:15:40.439 --> 01:15:41.880 When you buy the annuity. 1372 01:15:42.119 --> 01:15:44.960 In other words, let's say that sixty year old thinks 1373 01:15:44.960 --> 01:15:47.000 he's going to work. Maybe he's a realtor like my 1374 01:15:47.079 --> 01:15:49.600 dad and works to you know, to keep himself busy. 1375 01:15:49.640 --> 01:15:51.560 He doesn't need it, he has other income. 1376 01:15:51.760 --> 01:15:53.479 But let's say all of a sudden they want to 1377 01:15:53.520 --> 01:15:55.760 take it, that they buy it at sixty and they 1378 01:15:55.800 --> 01:15:59.039 want to take it at sixty five sixty three. They 1379 01:15:59.039 --> 01:16:00.319 can take it whenever they want. 1380 01:16:01.399 --> 01:16:03.479 They can turn the income on whenever they want. Now, 1381 01:16:03.720 --> 01:16:06.600 granted it to your point, the idea'd be hopefully when 1382 01:16:06.600 --> 01:16:07.960 we meet with you know, when we meet clients, we 1383 01:16:08.079 --> 01:16:09.800 kind of ask those questions so to figure out when 1384 01:16:09.920 --> 01:16:12.479 is that time. Kind of realistically, you know, we never 1385 01:16:12.520 --> 01:16:14.439 know the exact year, but you're right, they could take 1386 01:16:14.439 --> 01:16:16.960 that money or they can turn the income on sooner 1387 01:16:17.239 --> 01:16:19.640 and based off of that, we have fifty different companies, 1388 01:16:19.920 --> 01:16:22.520 over fifty different companies that we run these illustrations with 1389 01:16:22.600 --> 01:16:25.520 these examples to get they guess payout based off of 1390 01:16:25.560 --> 01:16:28.359 your time frame there ye years. 1391 01:16:28.399 --> 01:16:30.840 You guys were also talking to or Jordan was about 1392 01:16:30.840 --> 01:16:34.159 the averages over the last you know, X amount of years, 1393 01:16:34.159 --> 01:16:36.239 saying it could be close to that three quarters of 1394 01:16:36.279 --> 01:16:38.680 a million when we were using the forty. 1395 01:16:38.399 --> 01:16:41.279 Five year old. So explain this ratcheting up. 1396 01:16:41.279 --> 01:16:44.880 In other words, if whatever the companies, these annuity companies 1397 01:16:44.880 --> 01:16:48.600 are investing in, if everything does great, you benefit along 1398 01:16:48.680 --> 01:16:52.119 the time with that, right correctly, But that you guys 1399 01:16:52.199 --> 01:16:54.960 always say, I've been to these these events and stuff 1400 01:16:55.000 --> 01:16:59.039 with you. What's interesting is what the stock market has 1401 01:16:59.039 --> 01:16:59.960 a horrible time life? 1402 01:17:00.279 --> 01:17:01.239 Oh wait, oh nine. 1403 01:17:01.439 --> 01:17:04.279 Imagine if you were getting to retire around that time, 1404 01:17:04.319 --> 01:17:06.479 Tom and the market was down there and you don't 1405 01:17:06.520 --> 01:17:07.880 have many years left. 1406 01:17:07.960 --> 01:17:08.840 You got screwed. 1407 01:17:09.920 --> 01:17:13.000 So but now what happens with this and this is 1408 01:17:13.039 --> 01:17:15.680 the part I want a little more explanation on. I 1409 01:17:15.880 --> 01:17:20.439 benefit when everything's great, right, but if everything goes to 1410 01:17:20.560 --> 01:17:23.479 hell in a handbasket in the stock market, which always 1411 01:17:23.520 --> 01:17:25.680 happens at some point. It's just the way it goes. 1412 01:17:26.680 --> 01:17:29.239 It ratchets in and I don't lose money. 1413 01:17:29.359 --> 01:17:32.039 Let us right, just stay level. You never go down, 1414 01:17:32.439 --> 01:17:33.479 you never go down. 1415 01:17:33.800 --> 01:17:36.319 So as it ratchets up, it stays at the new 1416 01:17:36.439 --> 01:17:41.279 level is going by the way. I have someone let's 1417 01:17:41.319 --> 01:17:43.600 go to a real life person who just texted me. 1418 01:17:45.439 --> 01:17:49.840 He's fifty five and he wants to put in fifty 1419 01:17:50.640 --> 01:17:53.520 till he's sixty five. So that's only ten years at 1420 01:17:53.560 --> 01:17:55.880 fifty grand. But let's do it. Let's just let's just 1421 01:17:55.960 --> 01:17:57.520 do it now. 1422 01:17:57.600 --> 01:18:00.159 I can hear money right now, and you. 1423 01:18:00.159 --> 01:18:02.920 Know, I just want to do the disclaimer that fixed 1424 01:18:02.920 --> 01:18:06.560 indextinuities are not for everyone in every situation, but they're 1425 01:18:06.760 --> 01:18:13.000 certainly people who want safe security and guarantees and they 1426 01:18:13.000 --> 01:18:15.680 don't want to mess with their money. Now. You know 1427 01:18:16.039 --> 01:18:18.800 I've said this before. You have people that do all 1428 01:18:18.880 --> 01:18:21.119 kinds of things with their money, and each according to 1429 01:18:21.159 --> 01:18:23.960 their own and you have to take and and Joe, 1430 01:18:24.479 --> 01:18:28.960 Joe sees people like that. Hold on, well he's running 1431 01:18:28.960 --> 01:18:29.720 that number. Tom. 1432 01:18:29.800 --> 01:18:32.760 You know, I'm looking at our YouTube. So hell Cat 1433 01:18:32.840 --> 01:18:37.479 get ready to talk doc. Okay, Hellcat said, I keep asking, 1434 01:18:37.680 --> 01:18:41.399 just bring on one actual human who's getting their money 1435 01:18:41.399 --> 01:18:43.520 for life. Well, there's one sitting next to me. 1436 01:18:43.720 --> 01:18:46.199 Let me go ahead. That's right, Doug. Let us wonder I. 1437 01:18:46.119 --> 01:18:51.560 Bought an annuity with an immediate payout. It started maybe 1438 01:18:51.600 --> 01:18:54.920 I don't know, maybe ten years ago at paying thirteen 1439 01:18:55.000 --> 01:18:58.239 hundred and fifty dollars a month. It has now gone 1440 01:18:58.359 --> 01:19:01.520 up to over nineteen hundred dollars month because as the 1441 01:19:01.600 --> 01:19:05.600 stock market goes up, my annuity is packed to the 1442 01:19:05.640 --> 01:19:08.600 stock market. But if the stock market. 1443 01:19:08.239 --> 01:19:11.039 Goes down, I am guaranteed at. 1444 01:19:11.039 --> 01:19:14.960 Least a three percent cost of living increase every year, 1445 01:19:15.319 --> 01:19:17.560 regardless of market conditions. 1446 01:19:17.600 --> 01:19:20.600 So for ten years you've been getting thirteen hundred all 1447 01:19:20.600 --> 01:19:22.119 the way up to nineteen hundred. 1448 01:19:22.680 --> 01:19:25.520 It's gone up every year. Now it's at nineteen over nineteen. 1449 01:19:25.560 --> 01:19:27.399 It will never go down, for they never go down 1450 01:19:27.399 --> 01:19:29.800 below you. You're going to get that till the day 1451 01:19:29.840 --> 01:19:31.640 you don't say I die. Why did you buy. 1452 01:19:31.479 --> 01:19:35.520 It, though, Because I wanted my I wanted my rent 1453 01:19:35.560 --> 01:19:38.479 to be to be paid. So I knew that every 1454 01:19:38.520 --> 01:19:42.520 month my mortgage payment would be guaranteed by my annuity, 1455 01:19:42.680 --> 01:19:43.880 and I didn't have to worry about it. 1456 01:19:43.920 --> 01:19:47.479 See that's the beautiful thing about not only. 1457 01:19:47.319 --> 01:19:50.359 That, but what Doc also, Doc said more than just that, 1458 01:19:50.520 --> 01:19:53.640 he said a mouthful. Think about this. By having a 1459 01:19:53.720 --> 01:19:58.399 mortgage paid for monthly, he's able to preserve the capital 1460 01:19:58.439 --> 01:20:01.279 he would normally use to pay off mortgage. So that 1461 01:20:01.640 --> 01:20:05.159 also is an addition. Keep gone, guys. 1462 01:20:05.239 --> 01:20:08.279 Yeah, absolutely, And one thing I do want to add Tom. 1463 01:20:08.439 --> 01:20:11.239 You know, I think right now, people that are getting 1464 01:20:11.279 --> 01:20:15.960 ready to retire or now they're retired, let's say they 1465 01:20:16.000 --> 01:20:19.720 want to have a guaranteed income. This annuity that Doc 1466 01:20:19.840 --> 01:20:23.399 is talking about is called an immediate annuity. We have 1467 01:20:23.439 --> 01:20:26.880 a lot of clients like him that actually bought an 1468 01:20:26.920 --> 01:20:31.159 immediate annuity so they can create a guaranteed income for 1469 01:20:31.279 --> 01:20:34.600 the rest of their life. You see, most financial planners, 1470 01:20:34.920 --> 01:20:38.800 you know, concentrate and building an account, just building that, 1471 01:20:38.960 --> 01:20:40.760 you know, building the account a four oh one K 1472 01:20:40.920 --> 01:20:44.399 or an IRA or just any investment account. But what 1473 01:20:44.600 --> 01:20:48.079 people really want they want to have an income stream. 1474 01:20:48.399 --> 01:20:52.159 I mean, we have a small example here. I'm drawing 1475 01:20:52.199 --> 01:20:56.000 Social Security. That's an income stream guaranteed for my life. 1476 01:20:56.399 --> 01:20:59.319 I have a pension from my previous company. That income 1477 01:20:59.359 --> 01:21:02.520 stream is garanteed for the rest of my life. I 1478 01:21:02.560 --> 01:21:05.119 have an annuity just like the one the Doug is 1479 01:21:05.159 --> 01:21:07.600 talking about that's giving me an income for the rest 1480 01:21:07.600 --> 01:21:11.159 of my life. My wife has social Security coming in, 1481 01:21:11.479 --> 01:21:13.760 she has a pension coming in, and it's just an 1482 01:21:13.760 --> 01:21:17.600 annuity income coming in. So we're getting six different income 1483 01:21:17.640 --> 01:21:21.119 streams every single month. Okay, listen to the mailbox. 1484 01:21:21.159 --> 01:21:24.159 Now, one other quick question, Finial on another question of my eyes. 1485 01:21:24.920 --> 01:21:27.880 Let me interrupt here. So there's there is a question, 1486 01:21:27.920 --> 01:21:31.199 I get. What happens if someone doesn't, you know, live 1487 01:21:31.239 --> 01:21:33.159 that long and all the money they put in, what. 1488 01:21:33.159 --> 01:21:36.159 Happens It goes through the beneficiary. 1489 01:21:36.800 --> 01:21:37.079 Dude. 1490 01:21:37.119 --> 01:21:42.560 You can choose your spouse, your children, your grandchildren, whoever 1491 01:21:42.600 --> 01:21:45.199 you want. You can choose multiple beneficiaries. 1492 01:21:46.319 --> 01:21:49.279 It's so weird talking about annuities because there is still 1493 01:21:49.279 --> 01:21:53.000 a group of people. They're generally older, you know, over 1494 01:21:53.119 --> 01:21:54.439 fifty sixty whatever. 1495 01:21:54.520 --> 01:21:55.880 I'm not even sure that. 1496 01:21:56.560 --> 01:22:00.279 I guess maybe their parents got screwed on bad products. 1497 01:21:59.760 --> 01:22:00.520 Back in the day. 1498 01:22:00.760 --> 01:22:05.000 But there is a negative association with the word annuity, 1499 01:22:05.039 --> 01:22:06.520 don't you find that true time? 1500 01:22:07.199 --> 01:22:09.680 Yeah, And part of that is because of the variable 1501 01:22:09.680 --> 01:22:12.399 annuities that we're out there and the high fee annuities. 1502 01:22:12.399 --> 01:22:15.840 There are a lot of annuities that basically support the 1503 01:22:15.920 --> 01:22:20.239 agent for life, and they don't necessarily are They're not 1504 01:22:20.319 --> 01:22:24.600 good for the investor. But even variable annuities and very 1505 01:22:24.800 --> 01:22:29.199 very very very rare circumstances can help. But but we're 1506 01:22:29.239 --> 01:22:33.760 talking about a fixed product. Everything is fixed is fixed. 1507 01:22:33.800 --> 01:22:35.920 I got to take a break. I'm Tom Martine three 1508 01:22:36.000 --> 01:22:39.359 oh three seven one three talk three oh three seven 1509 01:22:39.439 --> 01:22:47.439 one three eight two five five. Go with a sure 1510 01:22:47.520 --> 01:22:50.960 thing Denver's best roofer Excel Roofing dot com. You don't 1511 01:22:50.960 --> 01:22:57.000 pay a cent until you're content. Time for an insurance 1512 01:22:57.079 --> 01:23:00.279 check up free, no obligation. In comparison, call comp us 1513 01:23:00.279 --> 01:23:03.520 insurance paying too much your coverage at dozens of insurance 1514 01:23:03.560 --> 01:23:06.039 companies find out now three all three seven to seven 1515 01:23:06.039 --> 01:23:08.800 to one help. You'll think you're his only customer when 1516 01:23:08.840 --> 01:23:11.319 you choose Frank durand the real estate Man dot com 1517 01:23:11.319 --> 01:23:14.479 to list your home with Remax Alliance three all three 1518 01:23:14.560 --> 01:23:19.359 nine two zero sixteen twenty two. Hi Tom Wins, you 1519 01:23:19.399 --> 01:23:22.680 know here? Have we done the figures Jordan on the 1520 01:23:22.720 --> 01:23:26.439 guy that wanted to know? The guy of fifty five 1521 01:23:26.520 --> 01:23:28.640 years old wanted to keep it in for ten years. 1522 01:23:29.199 --> 01:23:31.199 Yes, so I did the figures on him. And I 1523 01:23:31.239 --> 01:23:33.039 also want to run back to that forty five year 1524 01:23:33.079 --> 01:23:34.960 old Jump on a second here, But the figures on 1525 01:23:35.000 --> 01:23:37.880 the gentleman that was fifty five years old that called 1526 01:23:37.920 --> 01:23:40.600 in through YouTube there is about if he did put 1527 01:23:40.640 --> 01:23:42.880 fifty thousand dollars in once upfront and then let it 1528 01:23:42.920 --> 01:23:46.439 go ten years, you're talking about almost almost about seven 1529 01:23:46.560 --> 01:23:48.640 hundred dollars a month, almost close to one thousand dollars 1530 01:23:48.680 --> 01:23:50.680 a month that this guy's going to get guaranteed for 1531 01:23:50.720 --> 01:23:52.279 the rest of his life. Now, if he can step 1532 01:23:52.359 --> 01:23:53.239 up a couple of years, you. 1533 01:23:53.279 --> 01:23:55.760 Know what, think about how fast he would blow through 1534 01:23:55.800 --> 01:23:59.079 fifty grand. That's a pretty damn good deal, That's. 1535 01:23:58.920 --> 01:24:01.159 What I'm saying. I mean that age. And again, if 1536 01:24:01.159 --> 01:24:03.119 you could wait a couple more years, then guaranteed at 1537 01:24:03.199 --> 01:24:05.319 least minimum of a thousand, if not better in the market. 1538 01:24:05.640 --> 01:24:08.680 So that's the beauty. Now. One thing I wanted to 1539 01:24:08.680 --> 01:24:10.520 sturt back real quick, Tom, was that forty five year old. 1540 01:24:10.560 --> 01:24:12.079 I kind of ran some more numbers just to kind 1541 01:24:12.079 --> 01:24:14.399 of bullshit up a little bit more. And the best 1542 01:24:14.439 --> 01:24:17.079 thing is that lumber I gave you that thirty five k. 1543 01:24:17.800 --> 01:24:20.199 If the gentleman started at forty five, put one hundred 1544 01:24:20.199 --> 01:24:21.840 thousand in and let it go all the way to 1545 01:24:21.840 --> 01:24:24.159 seventy five. We said it'd be thirty five K year. 1546 01:24:24.359 --> 01:24:26.359 That's if he left it into one product for all 1547 01:24:26.399 --> 01:24:29.279 those years. Well, you know, Tom, we talk about laddering these. 1548 01:24:29.319 --> 01:24:30.880 Yes, yes, yes, laddering. 1549 01:24:30.560 --> 01:24:32.079 Them, and so if he ladders it just like we 1550 01:24:32.079 --> 01:24:32.840 talk about our stress. 1551 01:24:32.880 --> 01:24:36.560 Wait wait though, but Jordan explain in a very simple 1552 01:24:36.640 --> 01:24:38.279 fashion what laddering is. 1553 01:24:38.800 --> 01:24:40.880 You know, all it is is taking advantage of that 1554 01:24:40.920 --> 01:24:43.840 bonus twice and basically just letting that money sit there 1555 01:24:43.960 --> 01:24:46.279 grow for those ten years, so for forty five to 1556 01:24:46.319 --> 01:24:49.039 fifty five, and then at that point take that money 1557 01:24:49.039 --> 01:24:52.159 and roll it over again to a better one that's 1558 01:24:52.199 --> 01:24:54.800 that's more situated for their time frame and to get 1559 01:24:54.840 --> 01:24:56.920 that bonus again. So if that's what laddering is, it's 1560 01:24:56.920 --> 01:24:59.439 basically just rolling it over to another annuity and so 1561 01:24:59.479 --> 01:25:01.600 that way you have the NWDY letter out twice. 1562 01:25:03.520 --> 01:25:07.319 All right, now, three, go ahead. 1563 01:25:07.960 --> 01:25:09.840 Income we're talking about sixty K a year. I just 1564 01:25:09.840 --> 01:25:10.920 want to make sure you're. 1565 01:25:10.760 --> 01:25:13.680 Oh my god, so now you're at five thousand a month. 1566 01:25:14.399 --> 01:25:17.439 Yes, and that was one hundred thousand step forty five. 1567 01:25:17.560 --> 01:25:19.039 If he goes all the way up to seventy five. 1568 01:25:19.119 --> 01:25:20.680 He's guaranteed at. 1569 01:25:20.600 --> 01:25:22.520 Least, so in a year and a half you get 1570 01:25:22.560 --> 01:25:24.840 your principal back. I mean, I know that's a crazy 1571 01:25:24.880 --> 01:25:26.960 way to look at it because of the amount of 1572 01:25:27.000 --> 01:25:30.319 years involved, but really, if you start pulling that money 1573 01:25:30.359 --> 01:25:34.840 it's seventy five, after about one one year and six months, 1574 01:25:35.079 --> 01:25:38.600 you literally already put your one hundred thousand plus back 1575 01:25:38.640 --> 01:25:42.119 in your pocket. You live to be a hundred. Oh 1576 01:25:42.159 --> 01:25:44.920 my god, I don't even know what the numbers would be. 1577 01:25:45.439 --> 01:25:47.760 Someone do that real quick for me. If you're making 1578 01:25:48.399 --> 01:25:51.319 sixty thousand a year for twenty five years, what. 1579 01:25:51.279 --> 01:25:53.600 The hell is that one point five million? 1580 01:25:54.000 --> 01:25:56.720 So your one hundred thousand turns into one point five 1581 01:25:56.760 --> 01:25:59.079 million if in that scenario. 1582 01:25:58.760 --> 01:26:01.520 You live to be one hundred. So I ran some 1583 01:26:01.640 --> 01:26:05.960 numbers on the guy who wants to at sixty five 1584 01:26:06.640 --> 01:26:10.600 pull that money out from and he's fifty five. He 1585 01:26:10.640 --> 01:26:14.359 wants to leave it in for ten years. So based 1586 01:26:14.399 --> 01:26:17.520 on performance of the S and P five hundred, if 1587 01:26:17.520 --> 01:26:20.840 he did nothing but a stock fund, he would amass 1588 01:26:21.079 --> 01:26:25.960 a He would amassed his fortune and be able to 1589 01:26:26.000 --> 01:26:31.319 take out that same amount of income for fourteen years. 1590 01:26:31.439 --> 01:26:36.119 So think about that. If he's sixty five plus fourteen, 1591 01:26:37.000 --> 01:26:40.680 so he would run out of money at that age. 1592 01:26:40.800 --> 01:26:42.720 Let me just do the man. He would run at 1593 01:26:42.760 --> 01:26:47.840 seventy nine. And nowadays, as deputy doc, people are living 1594 01:26:47.840 --> 01:26:51.079 beyond that. I'm sorry, doctor, not that old. Yeah, but 1595 01:26:51.520 --> 01:26:54.399 in any case, if you're live well into your eighties, 1596 01:26:54.479 --> 01:26:56.479 you still have that income, right, Jordan. 1597 01:26:56.319 --> 01:26:59.880 That's the benefit, correct, and with no risk. Let's put 1598 01:26:59.920 --> 01:27:01.960 the just make that clear that that other option you're talking. 1599 01:27:01.760 --> 01:27:04.680 About it, well, yeah, yeah, but I'm talking about an 1600 01:27:04.760 --> 01:27:08.359 S and P five hundred stock fund. Has it's it's 1601 01:27:08.439 --> 01:27:11.079 never lost money over the over if people don't touch it. 1602 01:27:11.159 --> 01:27:15.039 The problem is nobody does it ever ever. By the way, 1603 01:27:15.159 --> 01:27:18.800 and I'm saying, you know, I'm not saying to do 1604 01:27:18.840 --> 01:27:22.479 it instead of I'm saying it it actually doesn't doesn't 1605 01:27:22.520 --> 01:27:26.159 make sense as you get older, but you're right, and 1606 01:27:26.279 --> 01:27:29.039 you cannot live. And by the way, people when I 1607 01:27:29.079 --> 01:27:31.760 say there's little or no risk, I'm not saying it's guaranteed. 1608 01:27:31.800 --> 01:27:34.159 But let me explain something. If you look at any 1609 01:27:34.239 --> 01:27:36.319 historic period of the S and P five hundred, the 1610 01:27:36.399 --> 01:27:38.680 problem is no one does S and P five hundred 1611 01:27:38.680 --> 01:27:41.159 stock index fund and keeps it there and never takes 1612 01:27:41.199 --> 01:27:43.680 a penny out or ever moves it for different socks. 1613 01:27:43.840 --> 01:27:46.279 No one has ever really done it that I know of. 1614 01:27:46.600 --> 01:27:50.319 But if you do it, you can't deny that it 1615 01:27:50.399 --> 01:27:55.119 has had historic, very good, solid returns. So so here's 1616 01:27:55.119 --> 01:27:59.159 another thing. Okay again, Then there are people who do 1617 01:27:59.279 --> 01:28:01.399 their own trade and they say, I don't want to 1618 01:28:01.399 --> 01:28:03.560 tie my money. I do my own trading. Then someday 1619 01:28:03.600 --> 01:28:04.319 I'll convert it. 1620 01:28:04.800 --> 01:28:08.720 Or you have people again I'm segmenting these investors who 1621 01:28:08.800 --> 01:28:11.239 invest in themselves. They're investing in their own business and 1622 01:28:11.239 --> 01:28:13.199 they're making money. Of course, you can very well lose 1623 01:28:13.199 --> 01:28:14.399 it as well, But I'm. 1624 01:28:14.239 --> 01:28:16.600 Talking about people who have a solid business and say 1625 01:28:16.920 --> 01:28:19.399 I want to invest in my business. So no one 1626 01:28:19.479 --> 01:28:21.880 is advocating that you take all of your savings and 1627 01:28:21.960 --> 01:28:24.239 put it in one thing, ever, But I just want 1628 01:28:24.279 --> 01:28:26.479 to make that really clear. Well well three zero three, 1629 01:28:26.640 --> 01:28:28.000 hold on, I just want to say this. 1630 01:28:28.119 --> 01:28:30.720 I just happened to pull up a chart, so we're 1631 01:28:30.720 --> 01:28:33.279 talking the S and P five hundred. I agree with you. 1632 01:28:33.479 --> 01:28:36.439 Over enough time, of course, it always goes up. But 1633 01:28:36.680 --> 01:28:41.199 if you decided to invest or, had you know stocks 1634 01:28:41.239 --> 01:28:44.680 in the S and P five hundred around nineteen sixty 1635 01:28:44.720 --> 01:28:48.640 eight to nineteen sixty nine, and you were looking at retirement, Well, 1636 01:28:48.720 --> 01:28:52.279 it went down for sixty nine seventy nine. It went 1637 01:28:52.359 --> 01:28:56.239 down for twelve years up till August nineteen eighty two 1638 01:28:56.560 --> 01:28:59.720 before it started climbing again. So if you were sixty 1639 01:28:59.800 --> 01:29:03.000 or seventy at that point, holy crap, man, you just 1640 01:29:03.079 --> 01:29:04.920 went downhill for twelve years. 1641 01:29:05.000 --> 01:29:10.399 Tom. Okay, Here's all I'm saying is is if you 1642 01:29:10.520 --> 01:29:14.000 take the recent performance, I didn't go back that far, okay, 1643 01:29:14.199 --> 01:29:17.319 but but that was one of the few periods of 1644 01:29:17.359 --> 01:29:20.479 time where that happened. I am not saying the S 1645 01:29:20.520 --> 01:29:23.560 and P. Five hundred is guaranteed. I'm just saying that 1646 01:29:23.680 --> 01:29:28.359 there is not as much there's as much risk in 1647 01:29:28.399 --> 01:29:31.279 the S and P five hundred as there is being 1648 01:29:31.520 --> 01:29:35.640 flat in an annuity. So I'm not again, I'm not 1649 01:29:35.720 --> 01:29:40.039 putting them against each other. But to be disingenuous, it 1650 01:29:40.039 --> 01:29:43.399 would be disingenuous to say that tying up money in 1651 01:29:43.479 --> 01:29:48.640 an annuity is guaranteed growth. Okay, it's it's a guarantee 1652 01:29:48.680 --> 01:29:52.760 at a certain amount, but you can you usually underpace 1653 01:29:52.960 --> 01:29:56.720 the market, usually in an annuity, but you exchange that 1654 01:29:56.960 --> 01:30:00.520 for safety. That is the whole idea behind it. That's 1655 01:30:00.560 --> 01:30:03.319 the whole idea behind it. That's the principle behind it. 1656 01:30:05.239 --> 01:30:07.760 Everyone gives up something to get something. 1657 01:30:08.119 --> 01:30:11.520 The more security you get, you also the less liquidity 1658 01:30:11.600 --> 01:30:12.600 when you do an annuity. 1659 01:30:13.079 --> 01:30:17.960 That's right. But there are places for an annuity, and 1660 01:30:18.000 --> 01:30:21.600 there are places for stock funds, there are places for 1661 01:30:21.680 --> 01:30:24.439 buy and holds. And by the way, there is something 1662 01:30:24.479 --> 01:30:27.960 we never talk about, and that's bonds. Do you know 1663 01:30:28.039 --> 01:30:32.319 why people don't get into income producing or really good 1664 01:30:32.359 --> 01:30:35.600 bonds because they don't know their butts from a hole 1665 01:30:35.640 --> 01:30:38.039 in the ground. And most and you heard me rail 1666 01:30:38.079 --> 01:30:39.840 on this, and I'm sorry, I'm gonna rail on it. 1667 01:30:40.079 --> 01:30:44.359 Most financial advisors they can't do bonds because they don't 1668 01:30:44.399 --> 01:30:48.039 have any bond traders because they go to big advisors 1669 01:30:48.079 --> 01:30:50.760 and put your money there and then do nothing but 1670 01:30:50.840 --> 01:30:54.319 collective fee. Okay, so they don't They don't even know 1671 01:30:54.399 --> 01:30:56.800 how to produce income for you if they wanted to. 1672 01:30:57.199 --> 01:31:00.840 And there are plenty of bonds that if you did 1673 01:31:00.880 --> 01:31:03.359 a good bond fund, you could get damn good income 1674 01:31:03.479 --> 01:31:06.600 every year from the time you put it in. So 1675 01:31:06.880 --> 01:31:10.680 there are all kinds of investments. Don't let anyone ever 1676 01:31:10.800 --> 01:31:14.600 tell you that any one investment is good or any 1677 01:31:14.680 --> 01:31:18.079 one investment is bad. Now, there are things that are 1678 01:31:18.119 --> 01:31:22.520 not investments, like timeshare condos and things like that. I 1679 01:31:22.560 --> 01:31:26.600 don't like when people mask thing things as an investment. 1680 01:31:27.399 --> 01:31:29.640 Timeshare condos are never an investment. 1681 01:31:29.720 --> 01:31:33.079 Okay, Now let's if you're on that other side of that, 1682 01:31:33.399 --> 01:31:33.920 you're the one. 1683 01:31:34.039 --> 01:31:36.439 Yeah, yeah, that would we developed when sure buy them 1684 01:31:36.439 --> 01:31:39.119 from us. Now here's the other thing. There are certain 1685 01:31:39.159 --> 01:31:41.760 things that are in investments that people call investments that 1686 01:31:41.880 --> 01:31:45.359 piss me the hell off. One of them. There was 1687 01:31:45.439 --> 01:31:49.439 one company one time buying cars trying to talk you 1688 01:31:49.520 --> 01:31:53.840 into having these cars, saying that, and they're never an investment. 1689 01:31:53.880 --> 01:31:57.119 But art art can be a good investment. But my god, 1690 01:31:57.359 --> 01:32:00.880 here's the problem with those kinds of investments. Unless there's 1691 01:32:00.920 --> 01:32:06.199 a conversion, unless there's a conversion from equity to income, 1692 01:32:06.560 --> 01:32:10.520 you don't realize it. And that money is only as 1693 01:32:10.520 --> 01:32:13.119 good as someone else puts value on it. But yes, 1694 01:32:13.239 --> 01:32:17.319 it has been conventionally a pretty good investment. But when 1695 01:32:17.359 --> 01:32:23.159 we're talking about true investments, okay, real estate, real estate 1696 01:32:23.199 --> 01:32:25.600 can be an investment, but you can lose your shirt. 1697 01:32:26.119 --> 01:32:31.319 I mean, the only thing you really can't absolutely positively 1698 01:32:31.520 --> 01:32:35.119 lose your shirt on is when an insurance company steps 1699 01:32:35.199 --> 01:32:38.039 up like an annuity and they say, Okay, you're not 1700 01:32:38.119 --> 01:32:40.000 going to make as much and you're not going to 1701 01:32:40.000 --> 01:32:42.680 have access to your money like you want, but we 1702 01:32:43.119 --> 01:32:47.560 guarantee it. And that's where that safety. You pay for 1703 01:32:47.600 --> 01:32:50.920 the safety, but you get something in return, just like 1704 01:32:51.000 --> 01:32:54.479 you do when you do social security. And a lot 1705 01:32:54.479 --> 01:32:58.199 of people aren't feeling so safe about that, are they. Anyway, 1706 01:32:58.199 --> 01:33:00.760 We have more coming up on the troubleshooters. In fact, 1707 01:33:01.039 --> 01:33:03.479 I'll put something out there. There are people who propose 1708 01:33:03.560 --> 01:33:06.560 in the past, why don't you let private why don't 1709 01:33:06.600 --> 01:33:09.560 you let private people invest social security and keep it 1710 01:33:09.600 --> 01:33:12.840 out of the government's hands. People would retire with more money, 1711 01:33:12.880 --> 01:33:14.600 and this is the truth, they would, but they have 1712 01:33:14.760 --> 01:33:15.359 never done that. 1713 01:33:15.520 --> 01:33:18.520 Yeah, because Uncle Sam couldn't dip into the funds. 1714 01:33:18.600 --> 01:33:20.840 That's right, That's exactly there. We have more come in 1715 01:33:20.920 --> 01:33:29.359 right up, go with a sure thing Denver's Best roofer 1716 01:33:29.479 --> 01:33:32.399 Excel Roofing dot com. You don't pay a cent until 1717 01:33:32.399 --> 01:33:38.880 you're content. Time for an insurance check up free no obligation. 1718 01:33:38.920 --> 01:33:42.720 In comparison, call Compass insurance paying too much your coverage 1719 01:33:42.760 --> 01:33:45.359 at dozens of insurance companies. Find out now three O 1720 01:33:45.479 --> 01:33:47.840 three seven to seven to one help. You'll think you're 1721 01:33:47.880 --> 01:33:50.399 his only customer when you choose Frank durand the real 1722 01:33:50.479 --> 01:33:53.479 estate man dot com to list your home with Remax 1723 01:33:53.520 --> 01:33:59.520 Alliance three oh three nine two zero sixteen twenty two. Hi, 1724 01:34:00.079 --> 01:34:06.239 I'm Martino, your troubleshooter three all three seven to one 1725 01:34:06.239 --> 01:34:09.960 to three talk three all three seven one three eight 1726 01:34:10.000 --> 01:34:13.239 two five five. What's on your mind today? I'm gonna 1727 01:34:13.279 --> 01:34:19.520 go to some texts right here, and someone wants to know. Oh, 1728 01:34:19.760 --> 01:34:26.439 this is for deputy doc. Deputy doc, they had a bait. 1729 01:34:26.520 --> 01:34:29.239 They were in labor. I know you hate talking about this, 1730 01:34:29.319 --> 01:34:33.159 but but seriously, let's let's just give Uh. They were 1731 01:34:33.159 --> 01:34:35.840 in labor in a hospital, and they were there for 1732 01:34:36.000 --> 01:34:41.920 hours in labor, and they were concerned because the feudal 1733 01:34:41.960 --> 01:34:47.479 heartbeat was a little slow. It turned out that's something 1734 01:34:47.479 --> 01:34:51.000 about the umbilical cord wrapped around the babies neck or 1735 01:34:51.000 --> 01:34:56.680 something and it, Uh, they're not sure, but it could 1736 01:34:56.680 --> 01:34:59.920 be of deprived from oxygen and they won't be sure 1737 01:35:00.039 --> 01:35:05.720 about brain development or harm or anything like that. Believe me, 1738 01:35:05.760 --> 01:35:08.840 this is a long text. I'm summarizing that. I know 1739 01:35:08.880 --> 01:35:11.239 there's a touchy subject for you, Doc, because you said 1740 01:35:11.720 --> 01:35:14.479 that one of the biggest areas is when you give 1741 01:35:14.520 --> 01:35:17.720 birth to kids. Man, you're blamed for everything. But what 1742 01:35:17.800 --> 01:35:19.640 about that? Have you ever heard of that kind of 1743 01:35:19.640 --> 01:35:23.399 thing happening? Is he there is? He? 1744 01:35:23.439 --> 01:35:23.600 Yes? 1745 01:35:23.760 --> 01:35:25.439 Oh, yeah, I'm here. 1746 01:35:25.840 --> 01:35:28.840 Okay, I'm sorry, Doc, he is my mic on. Yeah, 1747 01:35:28.920 --> 01:35:29.399 yes it is. 1748 01:35:29.439 --> 01:35:31.920 So of course I've heard of that kind of thing happening. 1749 01:35:33.079 --> 01:35:36.000 And it's it's pretty serious. Can you weigh in on it? 1750 01:35:36.039 --> 01:35:38.520 As far as I don't know? 1751 01:35:38.640 --> 01:35:43.680 I mean, all I can say is that oxygen deprivation 1752 01:35:43.840 --> 01:35:50.319 to a baby in labor can cause significant cognitive defects. Okay, 1753 01:35:50.520 --> 01:35:53.720 now it will not comment on whether or not in 1754 01:35:53.760 --> 01:35:57.319 this case. That's nothing, right, right, Let's talk in general, Okay. 1755 01:35:57.720 --> 01:36:01.399 Are there indicators that the babies oxygen? I mean, they 1756 01:36:01.399 --> 01:36:04.439 don't do a blood ox on a baby because it's inside, right, 1757 01:36:04.479 --> 01:36:05.439 So what do they do? 1758 01:36:06.239 --> 01:36:08.079 Well, one of the main things. 1759 01:36:07.880 --> 01:36:12.239 Is the heart rate, and you monitor the heart rate, 1760 01:36:12.800 --> 01:36:16.880 and when you really are watching carefully, you monitor the 1761 01:36:16.920 --> 01:36:20.800 heart rate and when there's a contraction. That's one of 1762 01:36:20.800 --> 01:36:24.479 the main indicators of the health of the baby is 1763 01:36:24.520 --> 01:36:28.359 how the heart rate reacts to a temporary decrease in 1764 01:36:28.399 --> 01:36:30.560 blood flow, which is what happens during a contraction. 1765 01:36:33.479 --> 01:36:39.039 Okay, So when he said the heartbeat was deteriorating a 1766 01:36:39.039 --> 01:36:41.560 bit and he believes he didn't get in there in time, 1767 01:36:42.119 --> 01:36:46.640 blah blah blah. See it is being an obg yn. 1768 01:36:46.720 --> 01:36:48.640 Let me ask you this straight up. Is that a 1769 01:36:48.680 --> 01:36:51.800 target for a lot of lawsuits? Oh? 1770 01:36:51.840 --> 01:36:56.000 Absolutely, That's why I said when I did my last delivery, tom, 1771 01:36:56.399 --> 01:36:59.279 I breathed the biggest sigh of relief because I never 1772 01:36:59.359 --> 01:37:02.359 had a had baby and I knew that I wouldn't 1773 01:37:02.359 --> 01:37:06.840 be sued for millions of dollars. Well now, and of course, 1774 01:37:06.920 --> 01:37:09.119 let me just say one thing, that's one of the 1775 01:37:09.159 --> 01:37:15.479 reasons why technically that baby can sue. Let's say there 1776 01:37:15.600 --> 01:37:21.560 was malpractice, and it doesn't It doesn't manifest itself until 1777 01:37:21.640 --> 01:37:27.399 later on. You I was legally obligated to keep my 1778 01:37:27.520 --> 01:37:31.359 medical records for eighteen years in case that baby wanted 1779 01:37:31.399 --> 01:37:34.720 to sue me later on in life. So until the 1780 01:37:34.800 --> 01:37:37.880 age of majority, that child has the right or the 1781 01:37:37.960 --> 01:37:40.960 parents have the right to sue the doctor if there 1782 01:37:41.039 --> 01:37:41.920 was malpractice. 1783 01:37:43.439 --> 01:37:47.840 Okay, three oh three seven one three talk three oh 1784 01:37:47.920 --> 01:37:51.279 three seven one three eight two five five. So what's 1785 01:37:51.359 --> 01:37:53.359 going on in your life? That's what we want to know, 1786 01:37:53.479 --> 01:38:03.239 so please stay tuned for more. Go with a sure 1787 01:38:03.319 --> 01:38:06.760 thing Denver's Best roofer Excel Roofing dot com. You don't 1788 01:38:06.800 --> 01:38:12.800 pay a cent until you're content. Time for an insurance 1789 01:38:12.880 --> 01:38:17.039 check up free no obligation comparison call Compass Insurance paying 1790 01:38:17.039 --> 01:38:20.079 too much your coverage at dozens of insurance companies find 1791 01:38:20.119 --> 01:38:22.479 out now three all three seven seven to one help. 1792 01:38:22.640 --> 01:38:25.239 You'll think you're his only customer when you choose Frank 1793 01:38:25.319 --> 01:38:27.760 durand the real estate Man dot com to list your 1794 01:38:27.800 --> 01:38:30.920 home with Remax Alliance three all three nine two zero 1795 01:38:31.079 --> 01:38:37.960 sixteen twenty two. Pay Tom Martino your troubleshooter three all 1796 01:38:38.000 --> 01:38:41.039 three seven to one three dog seven one three eight 1797 01:38:41.079 --> 01:38:45.800 two five five. Okay, So Jordan Kano's with us and 1798 01:38:45.880 --> 01:38:48.279 I do have a question here, UH A text question. 1799 01:38:48.359 --> 01:38:50.039 By the way, I should give that number out. A 1800 01:38:50.079 --> 01:38:51.760 lot of people don't remember, but I am getting a 1801 01:38:51.800 --> 01:38:54.560 lot of texts, but but I know that some of 1802 01:38:54.600 --> 01:38:59.239 them are from the same peeps. Here's the UH Google number. 1803 01:38:59.279 --> 01:39:01.680 By the way, it's it is my personal number, which 1804 01:39:01.720 --> 01:39:03.439 means it goes to my cell phone. I can turn 1805 01:39:03.479 --> 01:39:04.920 it on off when I want, but I keep it 1806 01:39:04.960 --> 01:39:06.600 on most of the time. You can text me there 1807 01:39:06.960 --> 01:39:09.680 seven four seven nine nine nine fifty two eighty seven 1808 01:39:09.760 --> 01:39:12.520 four seven nine nine nine fifty two eighty. Then we 1809 01:39:12.560 --> 01:39:16.479 have the short code which is the iHeart thing and 1810 01:39:16.520 --> 01:39:18.359 it comes to me if you put Tom in it 1811 01:39:18.479 --> 01:39:23.760 five seven seven three nine five seven seven three nine 1812 01:39:24.079 --> 01:39:26.520 and uh what I What I want to ask you 1813 01:39:26.600 --> 01:39:31.439 is somebody wants to know overfunding life insurance. That's another 1814 01:39:31.479 --> 01:39:35.479 product you do where you overfund life insurance on purpose 1815 01:39:36.239 --> 01:39:42.720 and it becomes basically a cash value account, and it's 1816 01:39:42.760 --> 01:39:47.039 a policy value cash value, and it grows tax free 1817 01:39:47.600 --> 01:39:49.920 until you take it out, but you can I shouldn't 1818 01:39:49.920 --> 01:39:52.720 say that, because you you even have ways people can 1819 01:39:52.760 --> 01:39:54.800 take it out later on in life and never pay 1820 01:39:54.880 --> 01:39:57.479 tax on it. But let's just talk about this. Somebody 1821 01:39:57.520 --> 01:40:00.560 wants to know. They said you mentioned one time that 1822 01:40:00.680 --> 01:40:02.520 you did this as a young man and use it 1823 01:40:02.600 --> 01:40:03.479 to buy a car. 1824 01:40:04.199 --> 01:40:07.159 How long does a policy have to be in effect 1825 01:40:07.199 --> 01:40:09.079 before you can borrow from it? 1826 01:40:09.399 --> 01:40:13.920 Jordan, Great, great question. So two answers. One would be 1827 01:40:14.159 --> 01:40:16.720 if they're doing a lump sum to kickstart, is basically 1828 01:40:16.720 --> 01:40:18.439 moving many from their left pockets to the right. They 1829 01:40:18.479 --> 01:40:20.960 have money at savings and something like that. That money is 1830 01:40:21.000 --> 01:40:25.239 accessible day one up to ninety five percent of that number. 1831 01:40:25.520 --> 01:40:27.920 They okay, so but wait, they have to leave enough 1832 01:40:27.920 --> 01:40:30.600 to so if they put money in, like if it's 1833 01:40:30.640 --> 01:40:33.640 a young person, let's say they they or they get 1834 01:40:33.640 --> 01:40:36.319 gifts for graduation or whatever. Let's say they have twenty 1835 01:40:36.319 --> 01:40:38.800 five grand or something. Now, if they put twenty five 1836 01:40:38.840 --> 01:40:40.680 grand in there, a certain amount is going to go 1837 01:40:40.720 --> 01:40:42.119 towards the policy, right. 1838 01:40:43.119 --> 01:40:45.159 Right, Well, and that's where I was getting that. You know, 1839 01:40:45.199 --> 01:40:47.720 that'd be a lump sum with some kind of monthly contribution. 1840 01:40:48.119 --> 01:40:50.239 You know, if if they did just a lump sum 1841 01:40:50.319 --> 01:40:53.359 one you know, that's where it gets a little bit 1842 01:40:53.399 --> 01:40:54.760 more on the weeds that the tax re status that 1843 01:40:54.800 --> 01:40:56.640 are kind of talking about earlier there. But let's just 1844 01:40:56.680 --> 01:40:58.760 say for the simplicity, money they dump in there as 1845 01:40:58.760 --> 01:41:01.079 a lump sum and they pay and one hundred dollars 1846 01:41:01.079 --> 01:41:02.000 a month, two hundred. 1847 01:41:01.760 --> 01:41:02.600 Dollars whatever it may be. 1848 01:41:02.720 --> 01:41:05.520 Yeah, that money, that lump sum, that's twenty five thousand 1849 01:41:05.560 --> 01:41:08.079 in your example, up to ninety five percent of that 1850 01:41:08.159 --> 01:41:10.000 number they could borrow day one. 1851 01:41:10.279 --> 01:41:13.760 Wow, and wait a minute, so they can borrow that 1852 01:41:14.279 --> 01:41:20.000 and then pay themselves back with interest. You can add 1853 01:41:20.039 --> 01:41:21.600 to that, yep. 1854 01:41:21.680 --> 01:41:23.840 So that's basically twenty four thousand almost that they could 1855 01:41:23.840 --> 01:41:26.159 take out of that twenty five they could use put 1856 01:41:26.199 --> 01:41:27.840 it down payment just like I did, like you said, 1857 01:41:27.960 --> 01:41:32.039 with vehicle purchase it outright basically. But the key is 1858 01:41:32.119 --> 01:41:33.720 to treat it just like any other loan, like you're 1859 01:41:33.720 --> 01:41:36.279 talking about, pay themselves back at the same monthly payment 1860 01:41:36.319 --> 01:41:38.079 they might have paid the first bank. 1861 01:41:38.600 --> 01:41:43.079 So's so if you're if you're the policy loan let's 1862 01:41:43.119 --> 01:41:45.560 say is four percent, let's say or five or whatever 1863 01:41:45.600 --> 01:41:48.960 it is, then you charge yourself more than that, right. 1864 01:41:49.720 --> 01:41:52.560 Right, yeah exactly, or you know, treat it like it's 1865 01:41:52.680 --> 01:41:54.840 uh yeah exactly, you shot yourself like five percent, six 1866 01:41:54.880 --> 01:41:58.039 percent and just pay it monthly or if you have 1867 01:41:58.199 --> 01:41:59.600 to stop for a little because of the holidays. 1868 01:41:59.840 --> 01:42:00.600 You've got that. 1869 01:42:00.520 --> 01:42:02.720 Freedom now that you get to dictate because the insurance 1870 01:42:02.720 --> 01:42:04.079 company is not going to knock on your door for 1871 01:42:04.079 --> 01:42:05.520 that money. They know you're you. 1872 01:42:05.880 --> 01:42:09.640 So when you pay more for that extra interest, then 1873 01:42:09.920 --> 01:42:12.159 starts growing tax free for yourself. 1874 01:42:13.319 --> 01:42:14.159 Correct, you got it. 1875 01:42:14.199 --> 01:42:14.359 You know. 1876 01:42:14.600 --> 01:42:16.840 The key is to pay that loan down and then 1877 01:42:16.880 --> 01:42:19.760 aything extra and above that goes right into your cash value. 1878 01:42:19.880 --> 01:42:21.960 So when you bought your first car, how much did 1879 01:42:22.000 --> 01:42:23.119 you borrow from yourself? 1880 01:42:23.960 --> 01:42:26.319 Yep, so it was a cheap ninety nine meet on 1881 01:42:26.399 --> 01:42:29.439 ninety nine cheap con character rato sixteen years old, so 1882 01:42:29.479 --> 01:42:31.399 it was about it's about five to seven thousand, I 1883 01:42:31.399 --> 01:42:32.840 can't remember the exact bodies off five and. 1884 01:42:32.880 --> 01:42:36.319 You paid yourself back and you put more than that back. 1885 01:42:36.560 --> 01:42:40.279 Correct over three years from sixteen to nineteen, paid that back, 1886 01:42:40.279 --> 01:42:42.319 So I had the full money in there, had extra 1887 01:42:42.439 --> 01:42:44.079 from all the interests of the bank would have been 1888 01:42:44.079 --> 01:42:46.760 collecting from me. And at the end that money was 1889 01:42:46.800 --> 01:42:49.119 earning interest over those three years as well. And that's 1890 01:42:49.199 --> 01:42:50.840 kind of again when we meet with people who show 1891 01:42:50.880 --> 01:42:53.279 them that power, that that money was still earning five 1892 01:42:53.319 --> 01:42:56.239 percent interest the whole time, basically even though you have to. 1893 01:42:56.319 --> 01:42:58.279 So now you didn't have a car loan, but you 1894 01:42:58.319 --> 01:43:01.640 had your own loan. But does that help build credit? 1895 01:43:03.039 --> 01:43:06.119 It does, because, uh, if you're doing it away where 1896 01:43:06.159 --> 01:43:08.600 maybe somebody couldn't pay for the whole car upfront, or 1897 01:43:08.640 --> 01:43:10.039 you're doing it the right way where you maybe you 1898 01:43:10.039 --> 01:43:12.039 borrow money only for six months or so on so 1899 01:43:12.119 --> 01:43:14.039 forth you can still through credit and then paid off 1900 01:43:14.039 --> 01:43:14.960 with your policy loan. 1901 01:43:15.399 --> 01:43:18.079 So it's okay, I see what you're saying. If you're 1902 01:43:18.159 --> 01:43:20.199 all right, we're we're running out of time for this hour. 1903 01:43:20.319 --> 01:43:22.640 Get your calls in three all three seven one three 1904 01:43:22.720 --> 01:43:26.880 talks seven one three eight two five five. Go with 1905 01:43:26.960 --> 01:43:30.520 a sure thing Denver's best roofer Excel Roofing dot com. 1906 01:43:30.560 --> 01:43:36.279 You don't pay a cent until you're contenth time for 1907 01:43:36.319 --> 01:43:39.520 an insurance check up free, no obligation. In comparison, call 1908 01:43:39.600 --> 01:43:42.920 Compass Insurance paying too much your coverage at dozens of 1909 01:43:42.960 --> 01:43:45.880 insurance companies find out now three all three seven seven 1910 01:43:45.920 --> 01:43:48.680 to one help. You'll think you're his only customer when 1911 01:43:48.720 --> 01:43:51.199 you choose Frank durand the real estate Man dot com 1912 01:43:51.199 --> 01:43:54.319 to list your home with Remax Alliance three all three 1913 01:43:54.399 --> 01:44:01.520 nine two zero sixteen twenty two. 1914 01:44:01.479 --> 01:44:05.960 Ripped off news need advice? 1915 01:44:05.960 --> 01:44:06.720 Who you don't have? 1916 01:44:09.000 --> 01:44:13.640 Come running just as fast as we can. Shooter's gonna 1917 01:44:13.760 --> 01:44:14.079 help me. 1918 01:44:14.319 --> 01:44:17.079 Come man, This is. 1919 01:44:17.039 --> 01:44:22.720 The Troubleshooter Show. Now Tom Martine, Hello Tom Martino here, 1920 01:44:22.800 --> 01:44:26.079 and I welcome you to the show. Three oh three 1921 01:44:26.159 --> 01:44:28.800 seven one three talk three all three seven to one 1922 01:44:28.840 --> 01:44:35.199 three eight two five five welcome. I am humbled by 1923 01:44:35.239 --> 01:44:39.319 the way, and I appreciate the reaction I've gotten. Many 1924 01:44:39.359 --> 01:44:42.279 of you have texted and emailed and called me about 1925 01:44:42.359 --> 01:44:46.720 Wave eight Wealth Management, and I appreciate it. I recently 1926 01:44:47.079 --> 01:44:53.760 UH did a public company registered financial advisory firm with 1927 01:44:53.840 --> 01:44:58.279 the Securities Division of Colorado and decided to do what 1928 01:44:58.319 --> 01:45:01.119 I've been doing for myself for the last six years 1929 01:45:01.199 --> 01:45:04.800 or so when I bout out of the financial investment 1930 01:45:05.600 --> 01:45:10.439 industry because I hated it, and I just to put 1931 01:45:10.479 --> 01:45:13.159 my own spin on it, and it was really easy. 1932 01:45:13.279 --> 01:45:17.359 And I hope you all take this to heart. About 1933 01:45:17.479 --> 01:45:21.439 ninety eight zero point nine percent of every financial advisor 1934 01:45:21.479 --> 01:45:27.039 out there, they they're not really advising you. I mean 1935 01:45:27.079 --> 01:45:29.439 they're they're being friendly and they're nice. They're good people. 1936 01:45:29.840 --> 01:45:32.279 And I'm not saying people are being cheated. They're not. 1937 01:45:33.439 --> 01:45:37.319 But they're not getting the attention for them for their circumstances. 1938 01:45:38.159 --> 01:45:42.800 It's not them. They group you with a large portfolio 1939 01:45:42.840 --> 01:45:47.279 advisor and then they make a fee. They're like a 1940 01:45:48.000 --> 01:45:53.399 remax broker, and you can ask if your people take 1941 01:45:53.479 --> 01:46:02.399 part in that TAMP program turnkey asset and program, and 1942 01:46:02.479 --> 01:46:08.279 it's management program, turnkey asset management program where they turn 1943 01:46:08.399 --> 01:46:12.479 key to someone else. And if you want the personal attention, 1944 01:46:13.000 --> 01:46:15.039 I'm an open book. You can ask me anything, and 1945 01:46:15.079 --> 01:46:17.680 if you want to be part of US Wave eight 1946 01:46:18.960 --> 01:46:23.359 Wealth Management, you can call me at three oh three 1947 01:46:23.479 --> 01:46:25.760 seven seven to one help seven seven one four three 1948 01:46:25.800 --> 01:46:28.520 five seven, or you can go to our website Invest 1949 01:46:28.560 --> 01:46:31.720 with Martino dot com. It's actually Waveeightcapital dot com, but 1950 01:46:31.800 --> 01:46:35.199 you can get there. Invest with Martino dot com. And 1951 01:46:35.239 --> 01:46:37.920 in fact, if you need a fixed indextinuity, which some 1952 01:46:37.960 --> 01:46:41.159 people do because they're getting to that age, we have 1953 01:46:41.199 --> 01:46:45.680 a great relationship with Joe and Jordan uh and have 1954 01:46:45.800 --> 01:46:49.359 no problems referring people when they need that, because as 1955 01:46:49.399 --> 01:46:53.520 you get older, you want that security. We also have 1956 01:46:53.720 --> 01:46:57.119 an exclusive a bond trader who can help you with 1957 01:46:57.239 --> 01:47:02.680 bonds at earlier ages whatever you want. The point is, 1958 01:47:02.840 --> 01:47:06.920 it's what you need and what you want, not grouping 1959 01:47:06.960 --> 01:47:10.279 you with a bunch of other people. And unfortunately most 1960 01:47:10.279 --> 01:47:13.560 of the really high net worth people get that kind 1961 01:47:13.600 --> 01:47:17.359 of treatment. They don't get that personal wealth building treatment. Jordan, 1962 01:47:18.239 --> 01:47:20.319 your dad and I talked about that, and that's one 1963 01:47:20.319 --> 01:47:25.159 of the things that you know that he doesn't do that. 1964 01:47:25.520 --> 01:47:27.920 I'll guarantee you he doesn't do that because he gets 1965 01:47:27.920 --> 01:47:31.960 to know each and every person and he's been doing 1966 01:47:32.000 --> 01:47:34.680 it a long time. Uh, that's why he became a 1967 01:47:34.720 --> 01:47:38.479 financial planner, he said, because he wanted to look at, 1968 01:47:38.600 --> 01:47:41.439 you know, what they're doing as a family. And then 1969 01:47:41.520 --> 01:47:42.439 he started doing the. 1970 01:47:43.279 --> 01:47:45.239 What's that you saw? The saw you just like what 1971 01:47:45.279 --> 01:47:47.760 you said, you saw the the negative side of it. 1972 01:47:47.960 --> 01:47:50.159 But people were getting lumped in, and that's what my 1973 01:47:50.239 --> 01:47:52.159 father actually, that's the main reason why he kind of 1974 01:47:52.159 --> 01:47:57.239 got out of that was because of the I'm just honest, 1975 01:47:57.520 --> 01:48:00.359 it's just, uh, you're absolutely right. People a million dollars, 1976 01:48:00.359 --> 01:48:02.239 you wouldn't even be surprised something we haven't come in 1977 01:48:02.319 --> 01:48:04.600 and they say, I haven't heard from the Financial Reserver 1978 01:48:04.600 --> 01:48:05.760 since I invested with them. 1979 01:48:05.800 --> 01:48:07.920 Or even if they do hear from them, they don't 1980 01:48:07.920 --> 01:48:09.439 know squat about what they're doing. 1981 01:48:10.079 --> 01:48:11.960 No, they get paid when the market's up, they get 1982 01:48:11.960 --> 01:48:14.039 paid when the market's down. It's a percentage, just like 1983 01:48:14.079 --> 01:48:16.159 you said, and that pays that either way. So started 1984 01:48:16.199 --> 01:48:17.920 to cut you off there, But yeah, that was the 1985 01:48:18.000 --> 01:48:20.520 main reason, was exactly what you just had that goode. 1986 01:48:20.680 --> 01:48:23.119 And then so Joe told me he decided he was 1987 01:48:23.159 --> 01:48:27.560 going to focus himself and on where people start to 1988 01:48:27.600 --> 01:48:29.680 get older and they need to have security, they need 1989 01:48:29.720 --> 01:48:33.560 to have something guaranteed. And I know for a fact 1990 01:48:33.720 --> 01:48:36.720 that you guys don't lump some people and you look 1991 01:48:36.720 --> 01:48:38.840 at each and everyone. Don't you have like fifty seven 1992 01:48:38.840 --> 01:48:41.720 different annuities that you can choose companies? 1993 01:48:41.800 --> 01:48:44.760 Yeah, nuity companies. That's what I have actually, yeah, yeah, 1994 01:48:44.760 --> 01:48:47.399 So if each company has probably ten or a dozen 1995 01:48:47.479 --> 01:48:49.800 or so different annuities with each one based off of 1996 01:48:50.039 --> 01:48:52.960 anybody's parameters. But you're right on point. We look at 1997 01:48:53.000 --> 01:48:55.600 your particular situation, you know, if you're looking to take 1998 01:48:55.600 --> 01:48:59.039 money immediately, it's just like deputy doc. We have products 1999 01:48:59.039 --> 01:49:01.439 that specialize for them, and we run it against all 2000 01:49:01.479 --> 01:49:03.640 of those companies to see what is going to pay 2001 01:49:03.720 --> 01:49:06.039 the highest. Because some companies are better for some people 2002 01:49:06.079 --> 01:49:08.840 in certain states, some read for certain ages. So that's 2003 01:49:08.840 --> 01:49:11.079 what we kind of focus on, is just specializing it 2004 01:49:11.119 --> 01:49:13.520 for you. And again I just won't make a good point. 2005 01:49:13.680 --> 01:49:16.039 The whole idea is not to put every pennyon dollars 2006 01:49:16.439 --> 01:49:18.439 in one area. You know, we look at the full 2007 01:49:18.479 --> 01:49:20.920 picture for you, you know, look at how we look 2008 01:49:20.960 --> 01:49:22.640 at that and then see investments. 2009 01:49:22.880 --> 01:49:26.279 You know, one thing we talked about and we always say, 2010 01:49:26.319 --> 01:49:29.760 you know, the reason annuity's got a bad name is 2011 01:49:29.800 --> 01:49:32.680 because of the variable annuity. But I want to mention 2012 01:49:32.800 --> 01:49:36.520 something even the variable annuity. Now I'm not recommending it 2013 01:49:36.640 --> 01:49:40.239 for anyone getting toward older age at all ever, but 2014 01:49:41.319 --> 01:49:43.520 I want to explain what it is so people understand it, 2015 01:49:43.560 --> 01:49:47.000 because I think people miss it's I don't mean to 2016 01:49:47.000 --> 01:49:50.000 give it a bad name, it's just it's for very 2017 01:49:50.199 --> 01:49:54.960 very few people. Mark would be great for that Hysta 2018 01:49:55.000 --> 01:49:57.800 early and he's young enough too, or when he was 2019 01:49:57.840 --> 01:50:00.439 younger being better because he does his own trading. And 2020 01:50:00.520 --> 01:50:02.680 people that do their own trading, my god, can they 2021 01:50:02.720 --> 01:50:05.199 make out with one of these? Don't do it. For 2022 01:50:05.359 --> 01:50:07.479 if someone else trading your money, don't do it. It's 2023 01:50:07.520 --> 01:50:11.039 not worth it. But what a variable annuity does is 2024 01:50:11.159 --> 01:50:17.039 basically allows you to invest your own money inside this annuity, 2025 01:50:17.760 --> 01:50:22.000 so you become the investment person. And if you don't 2026 01:50:22.000 --> 01:50:24.359 have knowledge, you're gonna get or if you let other 2027 01:50:24.399 --> 01:50:27.039 people do it, oh my god, the fees are outrageous. 2028 01:50:27.479 --> 01:50:30.279 But if you have a regular variable annuity, like let's 2029 01:50:30.319 --> 01:50:33.199 say a Mark guy did it, and all that money 2030 01:50:33.199 --> 01:50:35.640 you just made on Tesla money he makes on his stock, 2031 01:50:36.279 --> 01:50:39.680 that's all tax free. That's all taxed, you know, or 2032 01:50:39.800 --> 01:50:43.319 tax break. Yeah yeah, no, but it grows. I mean 2033 01:50:43.720 --> 01:50:48.199 I guess it was. Yeah, it doesn't have no mark. 2034 01:50:48.520 --> 01:50:51.640 It does not have to be qualified money. Oh okay, 2035 01:50:51.960 --> 01:50:55.560 that's why I'm talking about a variable annuity. That's the 2036 01:50:55.600 --> 01:50:56.359 beauty of it. 2037 01:50:56.600 --> 01:51:01.640 You literally can trade inside your own annuity tax deferred, 2038 01:51:01.960 --> 01:51:05.359 and it is incredible the wealth people can build. But 2039 01:51:05.720 --> 01:51:08.680 I guess I don't understand that at all. So you're 2040 01:51:08.720 --> 01:51:14.640 saying someone can go to a annuity and like a 2041 01:51:14.680 --> 01:51:18.000 million dollar annuity, trade inside it even though the money 2042 01:51:18.119 --> 01:51:21.239 was never or the money was already taxed. 2043 01:51:21.279 --> 01:51:24.119 I mean, it's's right rich, So all the growth is 2044 01:51:24.199 --> 01:51:28.920 tax deferred. Correct, Wow, No show. 2045 01:51:29.000 --> 01:51:30.399 And then I just want to echo that other point 2046 01:51:30.439 --> 01:51:33.239 real quickly. And the main difference is you said about ours, 2047 01:51:33.319 --> 01:51:35.640 the fixed one. The company takes on more risks so 2048 01:51:35.720 --> 01:51:38.680 that you have that floor, so you can never go negative. 2049 01:51:38.479 --> 01:51:40.760 With the mark. You can lose your shirt on a 2050 01:51:40.920 --> 01:51:41.720 on a variable. 2051 01:51:42.199 --> 01:51:43.760 Oh but but you can think is you can also 2052 01:51:43.840 --> 01:51:45.760 make more. That's the other side of it, right, You 2053 01:51:45.760 --> 01:51:48.039 can make more in the market, just like you're talking about, 2054 01:51:48.199 --> 01:51:48.560 and so. 2055 01:51:49.000 --> 01:51:51.319 You can change your investments in and out and all 2056 01:51:51.359 --> 01:51:57.800 of that. So so so, like I said, it's not 2057 01:51:58.239 --> 01:52:01.399 I would say it's for me. Be in my opinion, 2058 01:52:01.520 --> 01:52:04.800 four percent of the investors out there, maybe that's fair. 2059 01:52:04.920 --> 01:52:06.479 I don't know, that's or fine. 2060 01:52:06.479 --> 01:52:08.359 That are definitely more specialized on their. 2061 01:52:08.319 --> 01:52:11.920 Own right and and I don't I personally, this is 2062 01:52:11.960 --> 01:52:15.199 my own personal opinion. And as a financial advisor, I 2063 01:52:15.199 --> 01:52:17.800 can say this. I mean I looked into it. I 2064 01:52:17.840 --> 01:52:20.479 don't think you should let a financial advice. It's for 2065 01:52:20.640 --> 01:52:23.720 somebody like Mark. I mean, it's for someone like and 2066 01:52:23.760 --> 01:52:26.000 I know a few people like him, people who like 2067 01:52:26.199 --> 01:52:28.960 dabbling with their own thing man, because that gives them 2068 01:52:29.359 --> 01:52:32.039 that if they have the knowledge, they can put that 2069 01:52:32.159 --> 01:52:35.720 knowledge inside a variable product that gets them almost like 2070 01:52:35.720 --> 01:52:39.680 a qualified account. For God's sakes. It just it grows 2071 01:52:39.680 --> 01:52:45.039 exponentially and it's a wonderful thing. So that is and 2072 01:52:45.079 --> 01:52:47.359 then as you then you're going to have to figure 2073 01:52:47.399 --> 01:52:49.960 out how you want to draw it out. But Jordan, 2074 01:52:50.039 --> 01:52:51.800 there are some people who have taken that money in 2075 01:52:51.800 --> 01:52:55.920 a lump sum and put it into a fixed indextinuity. Afterwards, 2076 01:52:56.159 --> 01:52:56.439 you know. 2077 01:52:56.680 --> 01:52:59.520 Absolutely absolutely you're right, So there's just time and place 2078 01:52:59.560 --> 01:53:02.119 for what people want. I think you said it in 2079 01:53:02.159 --> 01:53:04.520 the very beginning of this conversation, which was it's just 2080 01:53:04.600 --> 01:53:06.640 kind of I look at age as a big driving 2081 01:53:06.680 --> 01:53:08.520 factor for that, and you're right on point with that being. 2082 01:53:08.520 --> 01:53:11.159 The financial side is just you know, people don't want 2083 01:53:11.199 --> 01:53:13.880 to have that five to ten yure risk. But anybody 2084 01:53:13.880 --> 01:53:17.359 that's younger, you know, they need to kind of step 2085 01:53:17.439 --> 01:53:19.319 up a little bit extra. And a lot of those 2086 01:53:19.399 --> 01:53:21.800 index annuities, i'd say it's sub forty five, you're under 2087 01:53:21.800 --> 01:53:23.960 the day to forty forty five. You know, these variable 2088 01:53:24.000 --> 01:53:27.199 products would be a great tool and instrument for you. 2089 01:53:27.760 --> 01:53:30.079 It just might be something changed down the road because 2090 01:53:30.079 --> 01:53:31.560 the fees and the surrender charges. 2091 01:53:32.600 --> 01:53:35.119 And then, by the way, with that variable annuity, if 2092 01:53:35.119 --> 01:53:38.359 you never switch it over, you can still take a 2093 01:53:38.439 --> 01:53:42.720 lifetime income. They annuitize it at such point that you 2094 01:53:42.760 --> 01:53:45.840 want to innuitize it, denmark it becomes your income product, 2095 01:53:46.439 --> 01:53:50.239 and you know, then you just pay tax on the 2096 01:53:50.239 --> 01:53:55.760 income and that's it. They also have optional riders you 2097 01:53:55.800 --> 01:54:00.199 can take on them that have a death benefit and 2098 01:54:00.239 --> 01:54:02.039 all things like that. Now, I don't want people running 2099 01:54:02.039 --> 01:54:03.520 out saying that's what I want. That's what I want, 2100 01:54:03.560 --> 01:54:06.840 because really, like I said, I think it's safe to 2101 01:54:06.880 --> 01:54:10.359 say more people have been burned by them than have 2102 01:54:10.439 --> 01:54:13.600 made money because they hear about it and it sounds attractive. 2103 01:54:14.720 --> 01:54:18.479 But you don't ever want to overestimate your knowledge, you see. 2104 01:54:18.640 --> 01:54:23.359 And that's one thing that I have to chastise myself about. 2105 01:54:23.439 --> 01:54:26.319 Years ago. I trusted people to just say, you know, oh, 2106 01:54:26.479 --> 01:54:28.000 this is what you need or that's what you need, 2107 01:54:28.359 --> 01:54:31.039 and never got personally involved. I was always, you know, 2108 01:54:31.119 --> 01:54:33.319 because I had my broadcasting business and I had real 2109 01:54:33.399 --> 01:54:36.640 estate and all that stuff, and I felt like, you know, well, 2110 01:54:36.720 --> 01:54:38.880 I'll let them invest my money. They're know what they're doing. 2111 01:54:39.039 --> 01:54:42.920 And I had that sad wake up call that unfortunately, 2112 01:54:43.079 --> 01:54:46.880 the investment industry got almighty. Everywhere you look, there's people 2113 01:54:46.880 --> 01:54:51.319 who say they're investment advisors, and yet very few of 2114 01:54:51.359 --> 01:54:53.760 them are investing. I mean, that's just the truth of 2115 01:54:53.800 --> 01:54:58.600 the matter. They're not. So anyway, there are products that 2116 01:54:58.680 --> 01:55:01.079 are guaranteed, there are ones that are not. As I said, 2117 01:55:01.079 --> 01:55:03.560 you always trade something for something. There are some that 2118 01:55:03.600 --> 01:55:05.840 are very high risk and high returns, but then those 2119 01:55:05.920 --> 01:55:09.359 high risks can bring big losses. So what you want 2120 01:55:09.399 --> 01:55:12.399 is reason there's no magic. And that's why it always 2121 01:55:12.399 --> 01:55:15.439 bothers me when people always say I got this investment 2122 01:55:15.520 --> 01:55:19.439 or I got that investment, but are they doing it right? Also, 2123 01:55:20.840 --> 01:55:24.039 scams start out that way. Everyone's telling you, Hey, you know, 2124 01:55:24.119 --> 01:55:27.039 I got this idea, this is a great thing I'm doing. 2125 01:55:27.279 --> 01:55:29.520 I'm doing but they're not really doing it. They're just 2126 01:55:29.640 --> 01:55:32.319 make when they say they're involved in it, they're making 2127 01:55:32.359 --> 01:55:35.359 money to bring you into that investment. Sometimes, and that's 2128 01:55:35.359 --> 01:55:37.600 what we have found a lot on this show over 2129 01:55:37.640 --> 01:55:42.239 the years, people who get involved in an investment thing. 2130 01:55:42.600 --> 01:55:45.399 When people say oh, yeah, I'm invested to or I'm 2131 01:55:45.399 --> 01:55:48.279 in this too, what they mean is they're involved in it, 2132 01:55:48.479 --> 01:55:50.560 but the only way they get involved is they get 2133 01:55:50.560 --> 01:55:53.159 a piece for everybody they bring in. We had a 2134 01:55:53.199 --> 01:55:56.800 guy one time in Parker. There's more than this that 2135 01:55:56.920 --> 01:56:01.720 the promisory notes scam. Now, the promisory notescam is perhaps 2136 01:56:01.720 --> 01:56:03.800 one of the biggest scams there is in the investment world. 2137 01:56:03.840 --> 01:56:06.800 It's still going on right now. In fact, I had 2138 01:56:06.840 --> 01:56:08.760 it offered to me not more than a year ago. 2139 01:56:08.920 --> 01:56:11.399 Now there are some that are legit, but very few 2140 01:56:11.399 --> 01:56:13.800 of them. We'll talk about those and more coming up. 2141 01:56:13.840 --> 01:56:16.880 Plus your phone calls first, always on the Troubleshooter Show, 2142 01:56:22.119 --> 01:56:25.359 go with a sure thing Denver's Best roofer Excel Roofing 2143 01:56:25.479 --> 01:56:28.119 dot com. You don't pay a cent until you're content 2144 01:56:29.039 --> 01:56:34.680 than time for an insurance checkup free, no obligation. In comparison, 2145 01:56:34.800 --> 01:56:38.359 call Compass Insurance paying too much your coverage at dozens 2146 01:56:38.399 --> 01:56:41.119 of insurance companies find out now three oh three seven 2147 01:56:41.239 --> 01:56:44.039 seven to one help. You'll think you're his only customer 2148 01:56:44.079 --> 01:56:46.319 when you choose Frank durand the Real Estate Man dot 2149 01:56:46.359 --> 01:56:49.640 com to list your home with Remax Alliance three oh 2150 01:56:49.720 --> 01:56:56.079 three nine two zero sixteen twenty two. Hi, Tom Martino, 2151 01:56:56.199 --> 01:57:00.359 you're Troubleshooter. As Mark always said, if you're not streaming 2152 01:57:00.399 --> 01:57:02.359 the show now and then even if you listen on radio, 2153 01:57:02.399 --> 01:57:06.039 you're crazy because we get there's so much inside info 2154 01:57:06.119 --> 01:57:09.279 that we don't necessarily put on the air of cusses 2155 01:57:09.359 --> 01:57:11.600 all the time off air. Yeah right, Hey, Bill has 2156 01:57:11.600 --> 01:57:17.359 a question? Go ahead, Bill? What's your question? Sir? Are 2157 01:57:17.399 --> 01:57:17.960 you there? Bill? 2158 01:57:19.279 --> 01:57:23.399 I'm basically the same age as you are when and 2159 01:57:23.439 --> 01:57:23.880 how much? 2160 01:57:24.000 --> 01:57:24.239 Wait? 2161 01:57:24.399 --> 01:57:29.720 The same age as Mark. No, you he's eighty two, 2162 01:57:30.199 --> 01:57:32.279 you're seventy one. 2163 01:57:32.680 --> 01:57:33.880 No, I'm seventy two. 2164 01:57:34.880 --> 01:57:38.199 You old fart, don't you dare say you're my age? Okay, 2165 01:57:38.199 --> 01:57:38.800 go ahead, Bill? 2166 01:57:39.479 --> 01:57:43.199 So when and how much do you have to start 2167 01:57:43.239 --> 01:57:43.840 taking out? 2168 01:57:44.159 --> 01:57:45.600 I can't get what are you talking about? 2169 01:57:45.640 --> 01:57:45.840 For what? 2170 01:57:46.039 --> 01:57:46.279 Bill? 2171 01:57:47.319 --> 01:57:50.319 I got mine in an iora. Now I figure but 2172 01:57:50.439 --> 01:57:51.760 when Trump takes over off? 2173 01:57:51.880 --> 01:57:55.760 Talking about forced Yeah? Bill, are you talking about minimum 2174 01:57:55.800 --> 01:57:59.680 required distributions? Yes? Okay, seventy three years old? 2175 01:58:00.319 --> 01:58:01.079 Yeah, I figured that. 2176 01:58:01.479 --> 01:58:05.279 But wait, wait, wait, wait, now listen, remember there are 2177 01:58:05.359 --> 01:58:08.520 there are some things you don't have to take the 2178 01:58:08.680 --> 01:58:12.399 required minimum distribution from and and so, And it's only 2179 01:58:12.520 --> 01:58:15.880 one distribution, no matter how many accounts you have, so 2180 01:58:15.960 --> 01:58:18.199 you get to choose where you take it from. But 2181 01:58:18.399 --> 01:58:21.600 some don't count if you take it from them, and 2182 01:58:21.680 --> 01:58:26.800 some do. George, do you know more about those? Yeah? 2183 01:58:26.840 --> 01:58:29.560 So basically, I mean, as you're talking about, you just 2184 01:58:29.640 --> 01:58:32.119 have to have a percentage taken out of all of 2185 01:58:32.159 --> 01:58:33.279 your qualified money. 2186 01:58:33.439 --> 01:58:34.000 And that's right. 2187 01:58:34.079 --> 01:58:37.600 That's ira for one case, and you can search yourself online. 2188 01:58:37.840 --> 01:58:39.520 This a percentage that goes by every year. So it's 2189 01:58:39.520 --> 01:58:42.319 seventy three, you know, seventy three, and then seventy four, 2190 01:58:42.359 --> 01:58:44.680 and it gradually increases each year. That percentage that the 2191 01:58:44.720 --> 01:58:46.920 government wants you to take out because they're drooling for 2192 01:58:46.960 --> 01:58:47.399 that money. 2193 01:58:47.600 --> 01:58:48.479 They want to tracks on it. 2194 01:58:48.560 --> 01:58:51.199 Right, So that's that's the meaning. But you you you 2195 01:58:51.239 --> 01:58:52.600 can do it in one account, you can do it 2196 01:58:52.640 --> 01:58:54.199 all spread across multiple accounts. 2197 01:58:54.279 --> 01:58:54.760 The keys. 2198 01:58:54.760 --> 01:58:57.199 You just have to get that full percentage out otherwise 2199 01:58:57.199 --> 01:58:59.000 they hit you with that big that big wop in 2200 01:58:59.039 --> 01:58:59.960 fifty percent sometimes. 2201 01:59:00.680 --> 01:59:03.159 So who who keeps track of it? If you take 2202 01:59:03.199 --> 01:59:05.279 it out of that good question? 2203 01:59:05.520 --> 01:59:07.920 The I R s whoever's holding your IRA? 2204 01:59:08.920 --> 01:59:10.439 I have to say your IRA where? If it's with 2205 01:59:10.520 --> 01:59:15.119 a reputable company, most companies are all going to be yeah. 2206 01:59:15.159 --> 01:59:18.239 But but the truth, the truth is, it's like everything 2207 01:59:18.319 --> 01:59:22.079 unless you're audited or they're they're not. It's it's not 2208 01:59:22.279 --> 01:59:26.359 something that is is that tight like you might think 2209 01:59:26.399 --> 01:59:29.720 it is. It's just like paying capital gains taxes and 2210 01:59:29.760 --> 01:59:32.159 all of that. It'll catch up to you. You never 2211 01:59:32.199 --> 01:59:34.439 want this one to catch up to you, because this 2212 01:59:34.520 --> 01:59:37.039 is one they look at more than any But it's 2213 01:59:37.079 --> 01:59:41.720 not automatic. Okay, it's got to be caught. It's not automatic. 2214 01:59:42.319 --> 01:59:45.760 I'm with Vanguard and every time I call to ask, well, 2215 01:59:45.840 --> 01:59:46.720 they don't they don't. 2216 01:59:46.720 --> 01:59:48.920 They don't call the cops on you because they don't 2217 01:59:49.000 --> 01:59:52.399 know and by the way, I don't I have. I'm 2218 01:59:52.439 --> 01:59:54.680 sorry you were a vanguard, but that's another story. Here's 2219 01:59:54.720 --> 01:59:55.560 the bottom line. 2220 01:59:55.720 --> 01:59:56.880 Well that's what they had at work. 2221 01:59:57.359 --> 02:00:00.159 Well okay, but but you're not at work anymore, or 2222 02:00:00.159 --> 02:00:02.399 and you should have taken that out a long time ago. 2223 02:00:02.640 --> 02:00:05.119 But I don't want to get into it right now, Bill, because, 2224 02:00:05.560 --> 02:00:08.640 as I remember, you know everything. So here's the deal, bro, 2225 02:00:09.359 --> 02:00:11.439 what you want. I'm just kidding. Here's what you want 2226 02:00:11.479 --> 02:00:15.359 to do, Bill, seriously, Okay, when it comes to required 2227 02:00:15.439 --> 02:00:18.119 minimum distributions, you take it from the one that's growing 2228 02:00:18.159 --> 02:00:21.399 the least that it's that easy. You take it from 2229 02:00:21.399 --> 02:00:23.720 the most poor performance one. 2230 02:00:24.000 --> 02:00:27.119 Correct, Well, mine's all stock. 2231 02:00:28.199 --> 02:00:31.039 Well yeah, but but I'm sure is it all in 2232 02:00:31.079 --> 02:00:31.720 one account? 2233 02:00:31.720 --> 02:00:35.479 Bill, Yes, it's in one account, but it's all it's 2234 02:00:35.560 --> 02:00:37.960 I got about thirty different stocks. 2235 02:00:38.000 --> 02:00:41.319 Okay, are they all Okay? But in one account. So 2236 02:00:41.600 --> 02:00:43.640 what you would have to do is, if it's still 2237 02:00:43.720 --> 02:00:47.640 in stocks, you would have to liquidate. But you would 2238 02:00:47.680 --> 02:00:53.000 want to liquidate the least performing ones in order to 2239 02:00:55.239 --> 02:00:59.039 get your minimum required distribution. So you're gonna need it 2240 02:00:59.079 --> 02:01:01.359 in a year. You're gonna need to calculate that, and Bill, 2241 02:01:01.399 --> 02:01:04.119 and I mean this sincerely, you can always call me. 2242 02:01:04.199 --> 02:01:07.920 I swear to you free of charge, I mean, and 2243 02:01:07.960 --> 02:01:10.640 I can help you with that or patter one of 2244 02:01:10.640 --> 02:01:13.600 my people can help you at least tell you where 2245 02:01:13.720 --> 02:01:15.840 it's best to take it from no charge. I'm not 2246 02:01:15.840 --> 02:01:18.760 trying to sneak you as a client, but really the 2247 02:01:18.840 --> 02:01:21.399 other thing you need to look at our fees. Please 2248 02:01:21.439 --> 02:01:22.159 look at your fees. 2249 02:01:22.319 --> 02:01:25.279 You can roll it over into something else because I 2250 02:01:25.319 --> 02:01:26.720 really don't even need the money. 2251 02:01:27.279 --> 02:01:29.520 Well, I know, but you can't roll it hold on, 2252 02:01:30.000 --> 02:01:32.479 don't but but don't make a mistake rolling it over. 2253 02:01:32.479 --> 02:01:35.560 It doesn't get you out of minimum required distribution. 2254 02:01:35.840 --> 02:01:37.720 I mean, like to one of your guys, is something 2255 02:01:37.800 --> 02:01:38.800 like that, Well. 2256 02:01:38.680 --> 02:01:41.159 You could, you could get an annuity or something like that, 2257 02:01:41.199 --> 02:01:44.159 but go with a sure thing. Denver's Best roofer Excel 2258 02:01:44.279 --> 02:01:47.359 roofing dot com. You don't pay a cent until you're content. 2259 02:01:50.720 --> 02:01:53.920 Time for an insurance check up free, no obligation. In comparison, 2260 02:01:54.039 --> 02:01:57.600 call Compass Insurance paying too much your coverage at dozens 2261 02:01:57.600 --> 02:02:00.359 of insurance companies find out now three out three seven 2262 02:02:00.439 --> 02:02:03.479 seven one help. You'll think you're his only customer when 2263 02:02:03.479 --> 02:02:05.960 you choose Frank durand the real estate man dot com 2264 02:02:06.000 --> 02:02:09.119 to list your home with Remax Alliance three oh three 2265 02:02:09.199 --> 02:02:23.239 nine two zero sixteen twenty two. Hey Tom Martine here 2266 02:02:23.279 --> 02:02:26.359 three oh three seven one three talks seven one three 2267 02:02:26.439 --> 02:02:31.159 eight two five five. So I'm gonna tell you about 2268 02:02:31.199 --> 02:02:36.680 some tax deductions you probably don't know about. How about condoms? 2269 02:02:37.920 --> 02:02:42.159 The government is now allowing condoms to be itemized if 2270 02:02:42.239 --> 02:02:46.239 you itemize your deductions. Of course, to itemize medical expenses, 2271 02:02:46.319 --> 02:02:50.000 you only get to deduct things that exceed seven point 2272 02:02:50.039 --> 02:02:56.359 five percent of your adjusted gross income, but you can 2273 02:02:56.520 --> 02:03:03.199 include in that condoms or any form of birth control. 2274 02:03:04.920 --> 02:03:08.359 Now that's the government putting their money where their mouth is, right, saying, hey, 2275 02:03:09.079 --> 02:03:14.640 let's try to control it and we'll let you deduct it. 2276 02:03:17.159 --> 02:03:22.720 And if I asked you if there's something there, there's 2277 02:03:22.760 --> 02:03:29.319 something called have you heard of this mark chaos? Packaging Chaos? 2278 02:03:30.279 --> 02:03:34.239 It's weird. Sounds like a new model for Tesla, the 2279 02:03:34.359 --> 02:03:37.399 Chaos Is it really? Or are you kidding? No? But 2280 02:03:37.439 --> 02:03:40.560 it sounds like it would be oh yeah? Or remember? 2281 02:03:40.560 --> 02:03:43.800 And do they still have the ludicrous mode in the uh? Yep? 2282 02:03:44.520 --> 02:03:48.920 I love that company? I really do? Are you are 2283 02:03:48.960 --> 02:03:52.920 you gonna get another Model que By the way, I'm. 2284 02:03:52.760 --> 02:04:00.319 Not looking to sell mine right now, but yes, absolutely positively. 2285 02:03:59.399 --> 02:04:03.239 I will get at A. My next will be a plaid. Yes, yes, yes, yes, 2286 02:04:03.720 --> 02:04:06.159 I want. I want an electric car. I've wanted one, 2287 02:04:06.199 --> 02:04:07.439 you know, I wanted one last time. 2288 02:04:07.439 --> 02:04:10.319 But Tom, I swear to God, you can ask Suzanne. 2289 02:04:10.399 --> 02:04:14.439 I use autopilot to work from work. I use autopilot 2290 02:04:15.000 --> 02:04:18.199 virtually everywhere. I absolutely love it. 2291 02:04:18.479 --> 02:04:20.359 You do it by the month, right, Yeah? 2292 02:04:20.840 --> 02:04:21.960 I saw you my Hyundai. 2293 02:04:23.439 --> 02:04:27.920 Yeah, you know what I'm thinking. I don't it most 2294 02:04:28.039 --> 02:04:29.840 likely would be a Tesla if I go that route, 2295 02:04:29.840 --> 02:04:32.319 because they've just they've just written the book on it. 2296 02:04:32.359 --> 02:04:36.960 But I just Steph voted me down last time, you know, 2297 02:04:37.039 --> 02:04:37.760 I mean, I just. 2298 02:04:38.800 --> 02:04:42.159 Well, a lot of people just they're just afraid of 2299 02:04:42.239 --> 02:04:45.399 the uh I'm not going to say afraid of the technology, 2300 02:04:45.520 --> 02:04:47.640 but maybe that is actually. 2301 02:04:47.319 --> 02:04:49.039 I mean a freak drought. So I took her and 2302 02:04:49.079 --> 02:04:52.880 my son's because I got my son that for his 2303 02:04:53.000 --> 02:04:56.680 sixteenth the little Model three, and I took her for 2304 02:04:56.680 --> 02:04:58.640 a ride and she absolutely hated it. She said, I 2305 02:04:58.720 --> 02:05:02.640 can't hear anything, and and it was like the breaking 2306 02:05:02.720 --> 02:05:04.560 you know, I mean, you didn't have to break and 2307 02:05:04.720 --> 02:05:07.680 she didn't. She just I think it was just so new. 2308 02:05:08.680 --> 02:05:11.119 I don't know. I loved it, and she said it 2309 02:05:11.199 --> 02:05:15.680 accelerated too quickly. So what do you do about that? 2310 02:05:15.720 --> 02:05:17.880 I mean, I have no idea what you do about that? 2311 02:05:18.600 --> 02:05:22.319 I mean, you don't have to accelerate quickly. I guess 2312 02:05:22.359 --> 02:05:24.479 what I was trying to do is show I might 2313 02:05:24.479 --> 02:05:26.880 have not been the best person to demo this car. 2314 02:05:26.920 --> 02:05:28.920 Here's what I love about it. You walk up to it, 2315 02:05:29.039 --> 02:05:31.800 you get in, and you go there's no key. Uh, 2316 02:05:31.880 --> 02:05:34.880 there's no turning it on. I mean, everything is so normal. 2317 02:05:35.159 --> 02:05:37.399 When you come to a stop, you simply get out, 2318 02:05:37.520 --> 02:05:40.439 go into the store. It does everything else. 2319 02:05:42.560 --> 02:05:43.960 What do you mean there's no turning it on? You 2320 02:05:44.000 --> 02:05:45.239 saw the press a button right? 2321 02:05:45.399 --> 02:05:47.680 Not with a Tesla? No? No, you got a card 2322 02:05:47.720 --> 02:05:50.000 in your wallet? Oh really? No, not even that. It's 2323 02:05:50.000 --> 02:05:52.880 your phone. Oh okay, I have a card that he 2324 02:05:52.920 --> 02:05:55.119 gave me for his car. But he probably because he 2325 02:05:55.159 --> 02:05:58.000 can program that card to limit you down. You probably 2326 02:05:58.000 --> 02:06:00.920 didn't know that. No, I have sarone. I have to 2327 02:06:00.920 --> 02:06:02.720 pick it up or do something. Yeah, it's all for 2328 02:06:02.760 --> 02:06:05.920 a valet as well. Yeah, so, but he has it 2329 02:06:06.039 --> 02:06:08.560 on his phone. I guess. And here's the deal man. 2330 02:06:09.239 --> 02:06:11.880 We've not done, you know, with the Hyundai I have 2331 02:06:11.960 --> 02:06:14.319 for my daughter. It's a nice car, but and it's 2332 02:06:14.359 --> 02:06:17.319 been under warranty. But there's always a little something to do. 2333 02:06:17.399 --> 02:06:20.439 There's nothing to do on the Tesla. Nothing. 2334 02:06:21.159 --> 02:06:24.760 I mean, well that's another thing. Maintenance, gas stations. You 2335 02:06:24.880 --> 02:06:27.399 know how nice it is not to have to stop 2336 02:06:27.399 --> 02:06:30.199 at a gas station and then the maintenance. I've got 2337 02:06:30.199 --> 02:06:31.680 about forty thousand miles. 2338 02:06:31.800 --> 02:06:32.720 There's nothing to do. 2339 02:06:32.840 --> 02:06:37.720 I haven't done one single thing. Here's what people go. 2340 02:06:37.920 --> 02:06:40.760 I have heard this from listeners. Oh I heard they 2341 02:06:40.760 --> 02:06:43.520 have more recalls than anything else. Well, yeah, that's true, 2342 02:06:43.600 --> 02:06:45.600 but a recall is a software. 2343 02:06:45.760 --> 02:06:49.039 You park it in your driveway. Well, well, because they 2344 02:06:49.079 --> 02:06:51.279 asked him to. You know, you got to be where 2345 02:06:51.319 --> 02:06:54.680 the satellite can reach you. Anyway, Let's let's talk to uh, 2346 02:06:54.800 --> 02:06:57.279 let's talk to a Jay real quick. Jay, go ahead. 2347 02:06:57.319 --> 02:06:59.399 I'm sorry Jay for waiting, and Bill will get right 2348 02:06:59.439 --> 02:07:02.399 to you. Jay. What's happening, Hike, Tom? 2349 02:07:02.800 --> 02:07:07.279 Hey, my daughter's house just cuts some upgrades. She went 2350 02:07:07.279 --> 02:07:10.600 from an old, old furnace to a high efficiency and 2351 02:07:10.760 --> 02:07:15.479 added air conditioning high efficiency. I wondering do you think 2352 02:07:15.520 --> 02:07:20.079 there's any Excel rebates or any tax credits that are 2353 02:07:20.119 --> 02:07:21.760 special for doing that? 2354 02:07:22.319 --> 02:07:25.199 Might well, the contractor should have known about those, but 2355 02:07:25.319 --> 02:07:25.960 yes there are. 2356 02:07:26.439 --> 02:07:29.479 I believe contractors though, do not participate. 2357 02:07:30.479 --> 02:07:32.319 Oh that's true. 2358 02:07:33.159 --> 02:07:33.680 Whatsoever? 2359 02:07:35.119 --> 02:07:37.359 Yeah, it's kind of weird that way. I've learned that 2360 02:07:37.520 --> 02:07:40.960 years ago. They the person you use has to be 2361 02:07:41.079 --> 02:07:44.960 signed up with Excel or with whomever the electric company 2362 02:07:45.039 --> 02:07:47.239 is or the gas companies. So you got to make 2363 02:07:47.279 --> 02:07:51.560 sure that those people do it, because if they installed 2364 02:07:51.560 --> 02:07:54.760 it and they don't participate, I don't think you can 2365 02:07:54.840 --> 02:07:58.359 get the rebates, which sucks because who really cares? I mean, 2366 02:07:58.560 --> 02:08:01.079 you should be able to, as a homeowner get them, 2367 02:08:01.079 --> 02:08:01.640 but you can't. 2368 02:08:02.720 --> 02:08:04.800 You know why, because he wants to make sure. Let 2369 02:08:04.880 --> 02:08:07.600 me let me ask you a few questions. Jay, you're 2370 02:08:07.640 --> 02:08:13.159 in Excel territory right, Yes? What what brand? What brand 2371 02:08:13.199 --> 02:08:13.920 did you go with? 2372 02:08:15.199 --> 02:08:16.000 I believe the. 2373 02:08:18.279 --> 02:08:22.159 Okay? And and it's an h VA C together is it? 2374 02:08:22.359 --> 02:08:24.720 When you say high efficiency you mean ninety five? 2375 02:08:26.399 --> 02:08:30.479 Yeah, they're both top of the efficiency ratings. 2376 02:08:31.239 --> 02:08:32.920 Well who did you use I'm going to look him 2377 02:08:33.000 --> 02:08:34.840 up right now, and they're who did you use? 2378 02:08:35.920 --> 02:08:36.279 Master? 2379 02:08:38.399 --> 02:08:39.079 Not who. 2380 02:08:40.439 --> 02:08:43.039 Master Services, Master plumber. 2381 02:08:44.079 --> 02:08:45.760 They're called Master Services. 2382 02:08:46.079 --> 02:08:50.359 Yeah yeah, yeah, they used to yeah yeah, yeah yeah Master. 2383 02:08:50.600 --> 02:08:53.000 You know the plumbing guys. You're great? Is that our 2384 02:08:53.039 --> 02:08:57.359 guy like master? Uh? Yeah? Now they're called Master Services? Okay? 2385 02:08:57.520 --> 02:09:00.399 Is that Tony? It is? And I'm look at you 2386 02:09:00.479 --> 02:09:00.840 right now. 2387 02:09:00.920 --> 02:09:02.920 I don't know if he's I don't think he's going 2388 02:09:03.000 --> 02:09:04.239 to be part of it though. 2389 02:09:04.800 --> 02:09:06.600 Oh I was sucking. 2390 02:09:08.079 --> 02:09:10.399 I'm looking right now. He might be. I don't know. 2391 02:09:10.439 --> 02:09:12.960 I'm trying to figure out where to look on excels. Honestly, 2392 02:09:13.720 --> 02:09:16.600 you'd be shocked how many of these companies aren't. And 2393 02:09:16.640 --> 02:09:19.119 they each have their own different reasoning, and I don't 2394 02:09:19.119 --> 02:09:20.479 know what those reasonings are. 2395 02:09:22.640 --> 02:09:26.600 Okay, uh, they're okay there. If you have a ninety 2396 02:09:26.640 --> 02:09:29.680 five percent, I will tell you what is available. It's 2397 02:09:29.720 --> 02:09:35.520 a three hundred dollars on the furnace, and there is 2398 02:09:35.720 --> 02:09:40.199 a that's about it. I think there is another one though. 2399 02:09:40.239 --> 02:09:45.359 Excel Energy's whole Home Efficiency program offers a one time 2400 02:09:45.479 --> 02:09:50.720 rebate of twenty five percent of the rebates already received 2401 02:09:51.399 --> 02:09:54.760 for each qualifying measure completed. That's for a whole house thing. 2402 02:09:55.640 --> 02:09:58.920 But right off the bat, there's a three hundred dollars rebate. 2403 02:10:00.359 --> 02:10:02.239 But you know, I'm going to tell you something that 2404 02:10:03.520 --> 02:10:08.760 I'm proud to say. If you use Master Services, you 2405 02:10:08.920 --> 02:10:11.720 probably how do we say this, Mark in the delegates 2406 02:10:11.800 --> 02:10:12.359 supple to. 2407 02:10:12.279 --> 02:10:14.880 Say, he probably saved more than if he went with 2408 02:10:14.920 --> 02:10:18.199 a company that was exhausted and got the rebate. 2409 02:10:18.520 --> 02:10:22.800 Exactly exactly, And that's kind of the truth of the matter. Bro. 2410 02:10:23.159 --> 02:10:25.319 I think that you more than made up for it. 2411 02:10:25.399 --> 02:10:27.960 And I'm looking right now. I finally Tony's got some 2412 02:10:28.039 --> 02:10:35.520 dirt cheap prices. Man. Uh, well, okay, he does, I 2413 02:10:35.600 --> 02:10:39.279 promise tell me about Okay, hold on, she had a 2414 02:10:39.319 --> 02:10:43.399 complete ninety five percent system installed. Is that what you're saying? 2415 02:10:44.439 --> 02:10:44.680 Yep? 2416 02:10:45.560 --> 02:10:47.840 And it was heating and air Is that right? They're 2417 02:10:47.840 --> 02:10:50.760 not on here, by the way, what other kind of work? 2418 02:10:50.880 --> 02:10:53.159 What other kind of work was done? 2419 02:10:53.800 --> 02:10:54.159 Nothing? 2420 02:10:54.199 --> 02:10:57.880 They didn't just just furnace swap. 2421 02:10:58.600 --> 02:11:00.800 Well, you got to understand if she didn't have high 2422 02:11:00.800 --> 02:11:04.319 efficiency before, there is a lot more to it, that's right, 2423 02:11:04.520 --> 02:11:05.840 but not not much. 2424 02:11:06.319 --> 02:11:09.439 I will I looked it over. There's a there's a 2425 02:11:09.479 --> 02:11:13.479 small TVC event that probably would take me literally. 2426 02:11:14.640 --> 02:11:18.279 I love when people say stuff like that. Yeah, yeah, 2427 02:11:18.319 --> 02:11:21.079 according to according to code, But but let me just 2428 02:11:21.119 --> 02:11:23.479 ask you how much hold on, bro, how much was 2429 02:11:23.520 --> 02:11:25.640 the system? We don't hide from that. How much? 2430 02:11:26.319 --> 02:11:29.399 No, No, I'm in at about seventeen g's. 2431 02:11:30.119 --> 02:11:33.840 Do you okay? Hold on? You got a complete AC 2432 02:11:34.319 --> 02:11:39.399 HVAC system ninety five percent ream for seventeen grand. 2433 02:11:40.399 --> 02:11:42.960 And there's a problem with the AC that I don't like. 2434 02:11:43.039 --> 02:11:46.039 That didn't come up either, So what wait? 2435 02:11:46.079 --> 02:11:48.840 What there's what. 2436 02:11:48.960 --> 02:11:50.960 Is a problem with it? 2437 02:11:51.079 --> 02:11:53.439 Did you say there's a problem with the system? 2438 02:11:54.640 --> 02:11:57.479 Well, I'm upset about not knowing something about it. My 2439 02:11:57.479 --> 02:12:01.920 brother brought it's I got a good deal on it. 2440 02:12:01.840 --> 02:12:05.680 Because seventeen grand's a great deal. But hold on, man, 2441 02:12:05.720 --> 02:12:07.439 I gotta come back, tell me what the problem is. 2442 02:12:07.520 --> 02:12:09.039 Right after this, we got more coming up.