Speaker 1: Yeah, ripped up, you didn't need advice? Who you don't have?
Speaker 2: Come running just as fast as we can. Shooter's gonna help.
Speaker 3: Come man, This is.
Speaker 1: The Troubleshooter Show. Now, Tom Martino, Hi, Tom Martino here,
Speaker 1: Welcome to the show. Three oh three seven one three
Speaker 1: talk seven one three eight two five five. Welcome. Let's
Speaker 1: talk about your problems, questions and complaints and do whatever
Speaker 1: we have to do to make your life a little easier.
Speaker 1: Say hello to the gang in the studio of your streaming.
Speaker 1: You can see them bottom right right now I can
Speaker 1: bring them up bigger in a minute. Here we have
Speaker 1: Joe Cannell with us, a sort of financial planner, along
Speaker 1: with Mark and Sue's mage and uh doc deputy doc. Okay,
Speaker 1: so what is on your mind today? If you uh,
Speaker 1: if you look at the stock market, people are very
Speaker 1: positive on what's going on in life. Now, here's the deal.
Speaker 1: If you are one of those people who like to
Speaker 1: mess with the stock market, you try to time things
Speaker 1: and your time for encouragement and your time for discouragement,
Speaker 1: and your time for all kinds of stuff. Then there
Speaker 1: are people who just sit and wait and go up
Speaker 1: and down over the years and We're going to be
Speaker 1: talking about all that, but right now I want to
Speaker 1: Callers always take priorities, So I'm going to go right
Speaker 1: to the phones. And we have Brian, who wants to
Speaker 1: talk about a property manager? Or are you the property manager?
Speaker 1: Are you the property manager?
Speaker 4: Brian?
Speaker 1: Am I reading that correctly?
Speaker 5: Good morning, Tom, Yes, sir, I'm Brian the alright, So.
Speaker 1: Let's bring up Let's bring up Brene to then we'll
Speaker 1: bring up Renee. She said she was a deal. What
Speaker 1: was Renee's issue?
Speaker 4: You know?
Speaker 1: To recap that, I'm about to recap that right now,
Speaker 1: as I always do. Renee moved into an apartment in March.
Speaker 1: She was quoted eleven ninety five for rent. However, this
Speaker 1: was the craziest thing. I don't know if you heard this, Mark,
Speaker 1: I think you did. You were on the call. Remember,
Speaker 1: she said she had issues, so she stopped paying rent
Speaker 1: for long time. Yeah, exactly for June, July, August, September
Speaker 1: and October.
Speaker 6: She's nearly six thousand dollars behind, she said, the money
Speaker 6: to pay for it. Now, I said, Renee, why did
Speaker 6: you withhold? She goes, well, I had problems and as
Speaker 6: a result, she said she had to spend that money
Speaker 6: as a result of the problem, and she said she
Speaker 6: spent between one and six thousand dollars on aerosol.
Speaker 1: Right. She said there was a putrid smell. She said
Speaker 1: there was a putrid smell in the apartment and a
Speaker 1: lot of other issues. The argument Renee's making, let's just
Speaker 1: cut to the chase rather than go to the math.
Speaker 1: The argument she was making is that the continued problems
Speaker 1: in the apartment cost her that much money to battle
Speaker 1: those problems, and therefore she could not afford to pay rent. Now,
Speaker 1: the math doesn't work out, okay, And technically, according to law,
Speaker 1: she wasn't supposed to just withhold the rent. Technically she
Speaker 1: was supposed to notify the landlord, give them a reasonable
Speaker 1: amount of time, then go ahead, and then go ahead
Speaker 1: and apply the money toward fixing the stuff. Then if
Speaker 1: that would didn't work, if she didn't have enough, she
Speaker 1: could evict herself, called a constructive eviction. So many times
Speaker 1: people just take advantage they do. If there's a problem
Speaker 1: with the apartment, they say, the hell with this, I'm
Speaker 1: not paying rent, and they stop paying rent. If anyone
Speaker 1: is listening right now and you're in a squabble, or
Speaker 1: a conflict with your landlord. That is absolutely the wrong
Speaker 1: way to do it. Okay, the wrong way to do it.
Speaker 1: So I know we heard from her on Friday. Well,
Speaker 1: there's one other important part. Go ahead.
Speaker 6: They've already been to court. The judge has already signed
Speaker 6: off on the eviction. I mean, it's pretty much done.
Speaker 1: Right, but she called us for help, and Brian wants
Speaker 1: to give his two cents as property manager and then
Speaker 1: we'll let Renee rebut that. But go ahead, Ryan, she
Speaker 1: was hurt on Friday. What do you have to say, Yes.
Speaker 5: Sir, I appreciate the opportunity to respond tom Yes, the
Speaker 5: eviction's done over with. That was entered into Thursday. You
Speaker 5: know the court order will issue tomorrow, being today as
Speaker 5: a holiday. You guys nailed it. You know, she quit
Speaker 5: paying rent. She did have an issue. Her sons came
Speaker 5: to me over a toilet that was plugged. That's common.
Speaker 5: The building was built in nineteen thirty seven, you know,
Speaker 5: it's older plumbing. I loaned her son's a plunger. The
Speaker 5: next day I had my maintenance man follow up. They said, no,
Speaker 5: we're good. That was the last I heard of it.
Speaker 5: That would have been in June when she quit paying
Speaker 5: rent long about August twenty first she left.
Speaker 7: It.
Speaker 4: He is lying to that.
Speaker 1: Hold on, hold on, hold on, Renee. It actually doesn't matter.
Speaker 1: But I do want to ask him something. When they
Speaker 1: said the drains were plugged, is there a reason you
Speaker 1: didn't call a plumber?
Speaker 5: Ryan, it's a clogged toilet, Tom. You know they sons
Speaker 5: asked to borrow a plunger. I mean, we've all plugged
Speaker 5: a toilet now and then it's not a plumber issue
Speaker 5: when it could be plunged. I loaned them a plunger,
Speaker 5: and I followed up, and my maintenance man followed up.
Speaker 5: They said they were fine. That was in June.
Speaker 1: Okay, you're saying, what did your sons tell you?
Speaker 8: My son's are right here and he and they there.
Speaker 4: Everything they said is a lot that everything.
Speaker 1: He just said, everything he said, So hold on, So
Speaker 1: you did not have a clog toilet, nor did you
Speaker 1: borrow a plunger? Just just one at a time, right now,
Speaker 1: just real quick, because I just want to get through her.
Speaker 1: Did you did you have a clog toilet? Yes?
Speaker 9: I did, And then after that we had borrowed a
Speaker 9: snake from him.
Speaker 10: Okay, you already had a plunder, and then we did
Speaker 10: everything we can to get the problem the snake.
Speaker 1: And you did not tell him you were okay.
Speaker 9: I never told him I was okay, never wanted she Never.
Speaker 1: You told him that the problem was still you still
Speaker 1: had a problem. Okay. So did you use part of
Speaker 1: that six thousand dollars to call a plumber?
Speaker 5: I was emailing plumbers and I was no, no.
Speaker 1: See, if you call, let me give you. If you
Speaker 1: call a plumber, they'll come. You don't have to email them.
Speaker 1: You can just call and hold on and then the
Speaker 1: rent and then the rent that you withheld the thousand
Speaker 1: bucks for the month, or however much you would have
Speaker 1: been able to pay for the plumber, and that would
Speaker 1: have been justified. Did you do that?
Speaker 9: I tried to get a plumber over here, and each time.
Speaker 1: Well, why couldn't you get a plumber? Who did you call?
Speaker 1: I'd like to know who did not show up for
Speaker 1: a plumbing?
Speaker 3: Call company?
Speaker 4: And they all told them, the same team they were
Speaker 4: not allowed to come over here, would not allow it.
Speaker 8: Because the property manager did not allow them to come.
Speaker 9: They cannot here and help me. That is what I
Speaker 9: was told.
Speaker 1: That's true, that's true, Renee, they won't. You know, here's
Speaker 1: the deal. You could have paid for a plumber. You're
Speaker 1: saying they weren't allowed in the building. Brian, what do
Speaker 1: you say about that? They said that the problem was
Speaker 1: not fixed. They borrowed a snake, not a plunger, and
Speaker 1: you kind of ignored it.
Speaker 5: I didn't ignore it. I did check in with him.
Speaker 5: My maintenance man checked in with him, and they stated
Speaker 5: the plumbing was fine. That's the month of June. July,
Speaker 5: no rent, no issues, no nothing coming back to my office.
Speaker 5: August comes around, Reina, you've been calling the Renee. I
Speaker 5: know her is Raina Garcia, so I'm not sure what
Speaker 5: the discrace.
Speaker 1: That's whatever it is, it is okay.
Speaker 5: August twenty first, Tom, she left a note on my
Speaker 5: door because I live on site. I responded with a
Speaker 5: note on her door August twenty second, and then that
Speaker 5: night my maintenance man came over. He's on call. This
Speaker 5: is really important because when I was notified in writing,
Speaker 5: we addressed the issue. We were unable to snake it.
Speaker 5: The toilet was flowing, obviously because she resided in there
Speaker 5: for three months, so it was working. It just wasn't flowing.
Speaker 4: Properly.
Speaker 5: We tried snaking it out, couldn't get the snake all
Speaker 5: the way through there. We pulled the toilet loose from
Speaker 5: the floor, flipped it over, and we found underneath the toilet.
Speaker 5: Inside the toilet was a handheld battery operated Dremmel that
Speaker 5: had been flushed down the toilet and was causing the problems.
Speaker 5: It came from that toilet being fleshed down. It was
Speaker 5: caused by them, but either way we removed.
Speaker 1: The Did you take pictures of that?
Speaker 5: I did, sir, and that was evidence in court last
Speaker 5: week and that was one of the you know, the
Speaker 5: things that factored in. And her son even stated to
Speaker 5: myself and my maintenance man, that looks like my dad's
Speaker 5: missing drimal. So I mean, I'm still the landlord. I
Speaker 5: still have take care of plumbing issues. But this was
Speaker 5: induced by the tenant whoever fleshed that tool down or Raina.
Speaker 1: I guess is it Raina or Renee's Reina? Listen, here's
Speaker 1: the deal. I don't The reason we got this guy
Speaker 1: on is because we didn't want to just leave you
Speaker 1: like we did on Friday. But still the cards are
Speaker 1: stacked against you. You was held six thousand dollars in rent,
Speaker 1: So to not have a penny of that, not a
Speaker 1: penny to get another place, is weird.
Speaker 9: Oka, But don't say he's trying to say that I
Speaker 9: had no work in Fuming period like for a while there.
Speaker 1: My sure this guy came on. This is Brian. Thank
Speaker 1: you very much, Raina.
Speaker 5: I don't know before you go, yeah, you always want
Speaker 5: to help Raina.
Speaker 1: You're not allowed to withhold rent. Do you understand what
Speaker 1: I'm saying that you withheld six thousand dollars in.
Speaker 5: Rent and Tom I have a judgment coming for that.
Speaker 5: If she's willing to move out in the next couple
Speaker 5: of days, I'll just stick with the order for possession
Speaker 5: and I will not come after for the six thousand
Speaker 5: dollars judgment. Because you're trying to help her. I think
Speaker 5: that's the only thing we can do to help this
Speaker 5: young lady at this point in time. She does have
Speaker 5: a garnishable wage. I can go after her wages and
Speaker 5: garnish it. I'm willing to not do that. If she
Speaker 5: simply vacates my property in a timely fact.
Speaker 6: I think I think that's incredible, Brian, incredible, Raina.
Speaker 1: He's willing to drop Reina, he's willing to drop the judgement.
Speaker 8: Okay, And what part of that don't understand.
Speaker 1: I'm a single mother.
Speaker 8: I'm a single mother.
Speaker 9: I provide for my kids.
Speaker 1: Reina. I understand. I understand that he's not going to
Speaker 1: come after you. He's not going to come after you
Speaker 1: for he's not Reina, what do you not understand? He
Speaker 1: is not coming after you for the six thousand dollars.
Speaker 1: You have just lived in a place rent free for
Speaker 1: six months, rent free.
Speaker 6: But to clarify your statement right there, Tom, what Brian
Speaker 6: is saying, if she gets the hell out of there now.
Speaker 1: Well in a few days, he said, I guess. But
Speaker 1: you know, Reina, listen, I think that is an incredible
Speaker 1: I think that's an incredible deal that he's willing to
Speaker 1: do if you leave, he's not going to pursue the
Speaker 1: past rent. You have literally lived in the place since
Speaker 1: June rent free. You don't think that's fair to make
Speaker 1: up for what you went through? And if you have
Speaker 1: w hold on just Reina, yes or no? Do you
Speaker 1: think that's fair?
Speaker 9: Okay? If I had, if I had money like that
Speaker 9: to move, it would be possible. But I don't have
Speaker 9: family like that.
Speaker 4: I don't have.
Speaker 7: Money like that.
Speaker 1: What did you do with the six thousand dollars in rent?
Speaker 1: We keep going back to this. If you did not
Speaker 1: pay six thousand dollars in rent, where is that money
Speaker 1: the third most expensive date? I mean, well then, so
Speaker 1: what you're saying is you couldn't have afforded to pay
Speaker 1: the rent anyway, and you're just looking for an excuse.
Speaker 1: That's what you're telling me. You're telling Oh wait, wait,
Speaker 1: you just told me you don't have the money because
Speaker 1: you live in the most expensive state. Okay, listen.
Speaker 6: And by the way, it's a democratic state, so thank
Speaker 6: your lawmakers for that. It's it's a democrat and I'll
Speaker 6: bet you voted democrat.
Speaker 1: But here's what I want to say. Okay, the bottom
Speaker 1: line is this, Raina. The bottom line is this You
Speaker 1: withheld rent and you're saying I didn't have the money anyway,
Speaker 1: even if there were no problems.
Speaker 6: Because it's the most expensive state, Rena, you have presented
Speaker 6: me with a no win situations.
Speaker 9: Since I moved in.
Speaker 7: He can't even give me that.
Speaker 1: But Reina, you didn't pay any of the prices. It
Speaker 1: doesn't matter. Did you pay the lowest one, did you
Speaker 1: pay anything you did not You did not pay rent.
Speaker 1: For God's sakes, Please don't teach your sons how to
Speaker 1: live like this. Let them know that you've done wrong
Speaker 1: and you need to fight for yourself in another way.
Speaker 1: You have a losing argument. I feel bad for your sons, Okay,
Speaker 1: I do, But you did this the completely wrong way,
Speaker 1: and you keep trying to make a case for having
Speaker 1: for not having six thousand dollars. What I'm hearing, Reina
Speaker 1: is it was an excuse to keep the money, because
Speaker 1: otherwise you would have at least some of that money.
Speaker 1: Doesn't the math just doesn't add up. I'm Tom Martino.
Speaker 1: I have to take a break. I'm Tom Martin. I'm sorry, folks.
Speaker 1: I'm honest to God. I want to help people, but
Speaker 1: sometimes you just can't help people. Go with a sure
Speaker 1: thing Denver's Best Roofer Excel roofing dot com. You don't
Speaker 1: pay a cent until you're content. Time for an insurance
Speaker 1: checkup free, no obligation. In comparison, call Compass Insurance paying
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Speaker 1: out now three oh three seven to seven to one help.
Speaker 1: You'll think you're his only customer when you choose Frank
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Speaker 1: home with Remax Alliance three oh three to zero, sixteen
Speaker 1: twenty two. Hy Tom Martino your trouble Shore Trail three
Speaker 1: seven one three talk seven one three two five to five. Nikki,
Speaker 1: you have an issue with a landlord. Speaking of landlords,
Speaker 1: I want to listen. I want to say something. I
Speaker 1: am all four tenants rights and helping tenants every way
Speaker 1: we can. I just it's just sometimes they just take
Speaker 1: matters into their own hands where they hear from a
Speaker 1: friend of a friend and think they're gonna take it right.
Speaker 1: You can never go six months with holding rent and
Speaker 1: expect the court to go your way.
Speaker 6: Never over a clog toilet that they created. That woman
Speaker 6: was off her rocker man.
Speaker 1: Even if it was a legitimate clog toilet. You can't
Speaker 1: withhold rent six months now. There is an issue, and
Speaker 1: I'll admit it. When you you want to get a
Speaker 1: plumber and you don't own the place mark you said
Speaker 1: a lot of plumbers won't go to it. There's not
Speaker 1: one on our referral list. It will, but what if
Speaker 1: you want it to pay? They don't want the liability.
Speaker 1: It's all liability. You're not the owner of the property man.
Speaker 1: This is this sucks so in that regard there, she
Speaker 1: couldn't have done anything anyway.
Speaker 6: Well, okay, I just what what do you say? How
Speaker 6: do you accidentally flush a dremmel down the toilet, then
Speaker 6: not tell anybody about it, then start blaming the other guy,
Speaker 6: then withhold rent for six months?
Speaker 1: Now.
Speaker 6: I hope she's still listening because Brian said, if you're
Speaker 6: out by Friday, he's not gonna come after you. If
Speaker 6: you have a W two job and he gets that judgment,
Speaker 6: you will have money missing out of your paycheck very quickly.
Speaker 6: Do not be stupid and get in a worse position.
Speaker 6: That was a hell of an offer that guy made you. Now,
Speaker 6: suck it up, Buttercup. That means she lived even though
Speaker 6: it was inconvenient. She says she lived six months rent?
Speaker 6: Why will she lived June, July, August, September, October. Yeah, yeah,
Speaker 6: I just hate to see her have another twin repay.
Speaker 6: And he did reiterate to me before he before we
Speaker 6: hung up, that he would stand by the deal.
Speaker 8: No.
Speaker 1: Six thousand after her Nikki, what is your issue? NICKI?
Speaker 9: Hey Tom? Yeah, so back in September. I believe it
Speaker 9: was twenty second. I'd have to look for the exact take.
Speaker 9: Around that weekend, my landlord locked me out with a
Speaker 9: good majority of my possessions still in there.
Speaker 1: Wait a minute, Wait a minute, there's got to be
Speaker 1: more to it. They're not allowed to do that.
Speaker 9: No, they're not. And this is a huge, huge, Well.
Speaker 1: Tell me, tell me the circumstances, Nikki. You know we're
Speaker 1: going to find out anyway. So no matter how it sounds,
Speaker 1: whether you agree with it or not, tell me the
Speaker 1: circumstances leading up to it.
Speaker 9: So I'm not sure exactly where to start for you.
Speaker 1: Okay, how about this. Let me ask you this. How
Speaker 1: long I'm going to ask question? How long have you
Speaker 1: been living there?
Speaker 9: I'm actually I'm not living there anymore.
Speaker 1: No, No, I meant before I met.
Speaker 5: You were I moved in.
Speaker 9: I moved in on June sixth. I actually moved in
Speaker 9: on June sixth and started paying rent. He wouldn't pro rate.
Speaker 1: He Okay, so you paid from June first, right.
Speaker 9: Yes, from June sixth. I gave him the deposit at
Speaker 9: the beginning of June, and then.
Speaker 1: I so you lived there June? You lived there through
Speaker 1: September twenty second, Yes, so it's safe to say, now,
Speaker 1: did you pay June, July, August, and September rent?
Speaker 3: Yes?
Speaker 1: Oh you did for all of those rents. Then what
Speaker 1: was the issue that made you get locked out that?
Speaker 1: Now we're at that part. Just if you moved in
Speaker 1: June and you put a deposit down, plus you paid June, July, August,
Speaker 1: and September, why would you be locked out?
Speaker 9: See, this is where the backstory comes.
Speaker 1: Go ahead, tell me the backstor room.
Speaker 9: So I had moved in in June. I work, I worked.
Speaker 9: I've since lost my job over this. Also. Anyways, I
Speaker 9: worked at night and I made him very aware of that,
Speaker 9: and I said, so I sleep during the day.
Speaker 1: Yeah.
Speaker 9: When I looked at the room, now, this was a
Speaker 9: room that I rented from a man, not an apartment.
Speaker 1: And what was now, wait, a room you rented from
Speaker 1: this guy that locked you out? Yes, okay, go.
Speaker 9: Ahead, not reve on site. He has two of these properties, supposedly.
Speaker 1: I how many people were renting rooms in the place
Speaker 1: you were in.
Speaker 9: I was told that there were five total. Actually when
Speaker 9: I moved in, there were seven of us in.
Speaker 1: Okay, that's fine, But you had your own room. Yes, okay,
Speaker 1: so a lot. Keep going, you told the guy. You
Speaker 1: told the guy, Hey, I work nights, I sleep during
Speaker 1: the day. Keep going.
Speaker 9: And the beginning of June, if if anybody remembers, we
Speaker 9: hit some real hot days in there, and the air
Speaker 9: conditioning wasn't on when I first looked at the room.
Speaker 9: This was before I decided to take the room and
Speaker 9: gave him the deposit. I said, it's kind of hot
Speaker 9: in here. It was a converted garage. Attached converted garage
Speaker 9: was the room that I rented, So it was hot
Speaker 9: in there. And I said, I worked at night. What
Speaker 9: about the air conditioning? Is there any cooling? Because I
Speaker 9: would not have taken it. He said, it's not a problem.
Speaker 9: All I have to do is hook it up. I
Speaker 9: am not an HVAC specialist. I don't know what that means. Okay,
Speaker 9: So I figured it was like flip the switch.
Speaker 1: I said, okay, yeah, but it still doesn't matter. You
Speaker 1: paid for rent, so why did you get locked out?
Speaker 9: Well, so, two weeks into living there, he finally got
Speaker 9: around to turning the air on. But that day, that Saturday,
Speaker 9: he came all for and started screaming in my face.
Speaker 9: This is two weeks after he took my money, that
Speaker 9: I was a problem, all the other tenants had complained
Speaker 9: about me, and I needed to leave.
Speaker 1: Okay, So then what happened?
Speaker 9: And this was about the air conditioner. He said I
Speaker 9: was a real piece of work and that I just
Speaker 9: needed to go. And I do have the text messages.
Speaker 4: That I know.
Speaker 1: I get it, I get it immediately.
Speaker 9: But I need my money back.
Speaker 1: What money back?
Speaker 9: The money to move?
Speaker 5: Money deposits?
Speaker 1: Well, hold on, hold on hot Wait wait you moved
Speaker 1: in the sixth right right? When did he ask you
Speaker 1: to move out?
Speaker 9: Two weeks after that? It was a Saturday?
Speaker 1: So you wanted some pro rated money back?
Speaker 9: No, what I wanted back? Because he screamed in my
Speaker 9: face in front of the other tenants as well as
Speaker 9: the neighborhood.
Speaker 1: But you wanted Did he offer any money back?
Speaker 9: No, he didn't offer anything. I told him if he
Speaker 9: wants me out, because he screamed at me that I
Speaker 9: needed to go when I needed to leave immediately.
Speaker 1: But screaming doesn't mean hold on. This is where I
Speaker 1: have to get this across. Screaming at you doesn't mean
Speaker 1: you get the whole you get everything back? You you
Speaker 1: would get everything back except two weeks. That's all, and
Speaker 1: that's reasonable. But he wouldn't give you anything.
Speaker 9: No, he did not, And why then let me ask.
Speaker 1: You something, Nikki. This is what I find odd. So
Speaker 1: he wouldn't take it. He wouldn't get no, I'm not
Speaker 1: going to give you a refund, get out. So in July,
Speaker 1: when you paid rent, why didn't he say I'm not
Speaker 1: accepting your rent, I want you out.
Speaker 9: He didn't.
Speaker 1: He didn't want say that.
Speaker 9: He said, he said, let's give it a try, okay, okay.
Speaker 1: Then then then in August you paid hold on, hold On.
Speaker 1: Then in August you paid rent again, correct, yes, and
Speaker 1: he didn't say get out, right.
Speaker 9: No, okay.
Speaker 1: Then in September, then in September you paid rent again, right, yes, okay,
Speaker 1: and then all of a sudden, on the twenty second,
Speaker 1: you're locked out hold on. This is the part I
Speaker 1: find shocking. That he said let's give it another try
Speaker 1: and accepted your rent all the way up till September,
Speaker 1: and then suddenly you were locked down on the twenty second.
Speaker 1: That doesn't sound right. That sounds like your rights were violated.
Speaker 1: I want to know the details, though, I want to
Speaker 1: know the whole story. Let's try to get the landlord
Speaker 1: on if we can. Three zero three seven to one
Speaker 1: three eight two five five. Go with a sure thing
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Speaker 1: out now three all three seven to seven to one. Help.
Speaker 1: You'll think you're his only customer when you choose Frank
Speaker 1: durand the real estate Man dot com to list your
Speaker 1: home with Remax Alliance three all three nine to zero
Speaker 1: sixteen twenty two Mark Mark, Mark, Mark your favorite Texter.
Speaker 1: Oh goodness, gracious, Monty is texting Monty the Lefty Lefty.
Speaker 1: He said, there was a guy in Trump's helicopter overheard wow,
Speaker 1: and they said, let's turn around and go back to
Speaker 1: Atlantic City to gamble. But another person in the helicopter said,
Speaker 1: I don't want to go there. It's white trash. And
Speaker 1: then then one of the women in the helicopter said,
Speaker 1: what is white trash? Trump said, is people like me,
Speaker 1: except they're not rich. So that was overheard in Trump's helicopter.
Speaker 1: I love the rumors that go around about Trump.
Speaker 6: It is a it is I don't even understand what's
Speaker 6: wrong with anything that was just said there. If that,
Speaker 6: let's say that was really said, what's his point? He
Speaker 6: basically called him self white trash with money. Okay, yeah,
Speaker 6: what he's trying to say is there. They just don't
Speaker 6: think much of people, is what he's trying to get across.
Speaker 1: By the way, I do want to say this seriously.
Speaker 1: I know people people that outstop making your comments, but
Speaker 1: they're all true. So here's the bottom line. The universities
Speaker 1: and colleges, honest to God, throughout the country have safe
Speaker 1: spaces for kids who are feeling threatened well by the
Speaker 1: election results.
Speaker 6: If these if these colleges like Metro here in Denver
Speaker 6: don't get their uh you know hamas Palestine situation cleaned up,
Speaker 6: the FEDS are going to cut them off from funding anyway.
Speaker 1: Nikki here, Nikki, listen, I don't understand this. And and
Speaker 1: truly I take everyone out their word. So if you
Speaker 1: were paying your rent and you got no notice to vacate, nothing,
Speaker 1: and no written nothing, and all of a sudden you
Speaker 1: go back home on the twenty second of September and
Speaker 1: it's locked. What did you say when you found yourself
Speaker 1: locked out?
Speaker 9: I simply took a video and I had a friend
Speaker 9: with me as a wish that that had happened.
Speaker 6: Did you, for example, call the cops, Nikki, I mean,
Speaker 6: I'd like to get this rollout a little quicker.
Speaker 1: And what did the cops say?
Speaker 9: I tried to call the North Glen cops twice the
Speaker 9: night that I discovered the evening. Okay, it was a
Speaker 9: little bit later, but not too late. Okay, it was
Speaker 9: still full daylight, probably around five, And I have it
Speaker 9: on the on my other phone that is disconnected, but
Speaker 9: I still have.
Speaker 1: All those Well, did you call the landlord too?
Speaker 9: I called. I called the police because the landlord had
Speaker 9: been nothing but hostile to meet Tom. Everything that I
Speaker 9: texted him, every I never got responses.
Speaker 1: But he never asked you to leave.
Speaker 9: No, he screamed at me the one day that I
Speaker 9: needed to leave, and then when I was handing money,
Speaker 9: he was nice as pie.
Speaker 1: Right, No, I understand, but that was way back. That
Speaker 1: was way back in June. Hold on, way back.
Speaker 9: This was every month.
Speaker 1: Oh, he told you to leave every month.
Speaker 9: Well leave or that. You know, I was a prom.
Speaker 1: Okay, but he kept taking Okay, I get it. He
Speaker 1: didn't like you, but he kept taking your money. So
Speaker 1: that's not the way to do it. He should have
Speaker 1: said you're being evicted and noticed you. But you never
Speaker 1: got an eviction notice.
Speaker 4: No.
Speaker 1: No, well he can't just lock you out. So what
Speaker 1: happened then? What happened then?
Speaker 9: So he, from my understanding, and the other people that
Speaker 9: rented there at this particular place, they had done this
Speaker 9: to former roommates.
Speaker 1: I'm only worried about you right now. So what did
Speaker 1: you do?
Speaker 9: Right? They had just harassed the roommates that are still there.
Speaker 1: What did you do? No, Nikki, I'm talking about you.
Speaker 1: If we can't talk about you, I'm done. On September
Speaker 1: twenty seven, second, when you were locked out, what did
Speaker 1: you did you call him?
Speaker 9: No? I didn't call the landlord because of the hostility and.
Speaker 1: I okay, so what did you do?
Speaker 9: I did call the norm Okay?
Speaker 1: What did you do other than call the police?
Speaker 4: I did you the police?
Speaker 1: Okay? Did you find another place? Niki?
Speaker 9: I did tell dispatch what was going on?
Speaker 1: Did you find another place? Nikki?
Speaker 9: No? Because I haven't been able to afford it.
Speaker 1: Have you been homeless the whole time, Nikki?
Speaker 9: I haven't been totally homeless. I've had that I had.
Speaker 9: I had gotten the rest of my things from my
Speaker 9: ex and stuff.
Speaker 1: And this guy still does this guy still have your
Speaker 1: personal belongings.
Speaker 9: Yeah, he does.
Speaker 1: This is ridiculous.
Speaker 9: Yeah, I'm sure they've gone through everything and done it.
Speaker 9: They had done from what the other renter said they
Speaker 9: had done this to previous.
Speaker 1: How much did they take of your stuff? How much
Speaker 1: personal stuff did you have there?
Speaker 9: I had clothes, I am a licensed hair professional. I
Speaker 9: had brand new tools that I had bought to the
Speaker 9: tune of almost one thousand dollars.
Speaker 1: Okay, listen, Also, let me ask you this. Let me
Speaker 1: ask you this. So since that time, you've not been
Speaker 1: in touch with him at all?
Speaker 9: No. I did try to call him and left a message.
Speaker 1: He never responded, Well, we need to do it for you.
Speaker 9: I don't. I'm not ready to contact him yet because
Speaker 9: I'm not sure I have There is a lot going
Speaker 9: on here, Tom, What do.
Speaker 1: You want us to do? What do you want us
Speaker 1: to do? Nikki?
Speaker 9: I need somebody to help troubleshoot it with me.
Speaker 11: I can call over there.
Speaker 1: Yeah, she doesn't want us to do right now, Nikki,
Speaker 1: here's the best thing to do, Nicki, Nicki, here's the
Speaker 1: best thing to do. You're not there any or he
Speaker 1: can't do anything to you. We call him and say, look,
Speaker 1: even if she was a pain in the ass, even
Speaker 1: if she was a major pain in the ass, you
Speaker 1: can't just lock her out and keep her stuff. Okay,
Speaker 1: you got a problem, sir, how are you going to
Speaker 1: solve it? That's what we need to do.
Speaker 9: But with the harassment between because the police were at
Speaker 9: the property multiple times, and they had been there prior to.
Speaker 1: Me, Moniki, what else do you want people, Nicki?
Speaker 9: Criminal charges from one of the from one of the
Speaker 9: freaking tenants setting me.
Speaker 5: Up, okay, and it was so weird that.
Speaker 9: The camera that's still okay.
Speaker 1: What criminal charge do you have?
Speaker 9: Well, I have a I have two citations. One was
Speaker 9: because I broke into a guys room. I did not
Speaker 9: I was looking for my cat she had ran off.
Speaker 1: Nikki, I'm not I'm not asking you if you agree
Speaker 1: with that charges. What do you charge mister?
Speaker 9: Criminal mischief and trespassing is the one, and then the
Speaker 9: second one where the camera was on the rail of
Speaker 9: the downstairs rails. Nobody positions cameras there.
Speaker 1: What would you like us to do? Nikki? What were
Speaker 1: you charged with the second one? What was the second charge? Okay, listen,
Speaker 1: here's Nikki. I know this sounds crazy, but even with
Speaker 1: those charges, he still had to do it the right way. Okay.
Speaker 1: He's not allowed to keep yourself.
Speaker 9: I know that.
Speaker 1: Okay, So here's what I'm asking. Please answer me. What
Speaker 1: do you want? You know? All right, I gotta take
Speaker 1: I'm Martin. We have more coming up on the Troubleshooter show.
Speaker 1: Trespassing for God's sake, go with a sure thing Denver's
Speaker 1: best roofer Excel Roofing dot com. You don't pay a
Speaker 1: cent until your content time for an insurance checkup free,
Speaker 1: no obligation. In comparison, call Compass Insurance paying too much
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Speaker 1: three all three seven seven to one. Help. You'll think
Speaker 1: you're his only customer when you choose Frank durand the
Speaker 1: real estate Man dot com to list your home with
Speaker 1: Remax Alliance three all three nine two zero sixteen twenty two. Hi,
Speaker 1: Tom Martino, your troubleshooter just hang on, people. We're trying
Speaker 1: to get an attorney for Nikki and then Carl will
Speaker 1: get to you, I promise you. Joe Kanos with us
Speaker 1: my moneymway dot com and Joe is here as a
Speaker 1: guest because we're talking about some financial stuff today. Joe,
Speaker 1: I'd like to know something, sir. Okay, the stock market.
Speaker 1: What do you think right now? It's politile and that's
Speaker 1: why tell us about why you think people who are
Speaker 1: sixty and older should start thinking about all alternatives.
Speaker 12: That is right to them, you know. But before I
Speaker 12: do that, I like to send my hellos and my
Speaker 12: greetings to my fellow veterans. Today is a veteran day
Speaker 12: for all of us. And that's when I begin. During
Speaker 12: the Vietnam War, I begin to really start thinking about
Speaker 12: becoming a certified financial planner, which I did because I
Speaker 12: saw a lot of people and the richest, you know,
Speaker 12: country that we have in the world, which is America.
Speaker 12: You know, I saw people that actually succeeded financially and
Speaker 12: some people fail financially.
Speaker 1: And I and I was perplexed by that. I want
Speaker 1: to find out.
Speaker 12: What made them successful, what made them failures financially? So
Speaker 12: I have noticed that the stock market is very cyclical,
Speaker 12: and what they need to do, they need to be
Speaker 12: able to take care of their money, be safe with
Speaker 12: their money. First of all, they got to save it,
Speaker 12: not spend it.
Speaker 1: And they have to make a girl okay, and they
Speaker 1: have to have some guarantees which before were not available.
Speaker 1: We'll talk about guarantees coming up. Joe, are you a veteran?
Speaker 1: I am a veteran. Okay, I talk about that too.
Speaker 1: More coming up on the Troubleshooter Show. Go with a
Speaker 1: sure thing Denver's Best Roofer Excel Roofing dot Com. You
Speaker 1: don't pay a cent until you're content. Time for an
Speaker 1: insurance checkup free no obligation comparison call Compass Insurance paying
Speaker 1: too much your coverage at dozens of insurance companies find
Speaker 1: out now three oh three seven seven to one help.
Speaker 1: You'll think you're his only customer when you choose Frank
Speaker 1: durand the real estate Man dot com to list your
Speaker 1: home with Remax Alliance three oh three nine two zero
Speaker 1: sixteen twenty two.
Speaker 9: D News.
Speaker 1: You don't have.
Speaker 2: Run ins good Shooter's gonna help?
Speaker 1: Come Dick is the Troubleshooter Show. No Tom Martine, Hey Tom,
Speaker 1: Martino here, Welcome to the show. Three oh three seven
Speaker 1: one three talk three oh three seven one three eight
Speaker 1: two five five. What's going on in your life? How
Speaker 1: can we help you? We are going to take your
Speaker 1: calls right now and UH you'll see we have a
Speaker 1: studio full including Joseph Canno, UH financial Planner, Certified financial
Speaker 1: planner who is UH with us today discuss various options
Speaker 1: as you get older for retirement accounts. You might have
Speaker 1: to get yourself some guaranteed money. But I'm gonna go
Speaker 1: to the phones with people we left off with. We
Speaker 1: have Brad O'Brien with us oh Brian Legal Services olslaw
Speaker 1: dot com. Now. BRED does a lot for landlords because
Speaker 1: it's hard to navigate these evictions laws and and also
Speaker 1: a lot of estate law in general, just going over
Speaker 1: documents and also contracts. And I wanted to weigh in
Speaker 1: on a couple issues that have come up over the
Speaker 1: last few days and weeks. Brad, one thing I want
Speaker 1: to talk about first before we get to Nicky. We
Speaker 1: have had a few cases, most recently Raina who withhold
Speaker 1: rent because they have problems and they just withhold it
Speaker 1: and they say, well, the hell with you? If you
Speaker 1: don't fix my toilet, I'm not I'm not going to
Speaker 1: pay rent, or they say I have an issue with this,
Speaker 1: that or the other thing, whatever it is. It sometimes
Speaker 1: sometimes sounds like an excuse almost that they save money.
Speaker 1: We had one woman recently today and Friday. He withheld
Speaker 1: rent for June, July, August, September, October end November, and
Speaker 1: the landlord wants her out, So you know, he's the
Speaker 1: eviction was already granted and now he's saying, please get out,
Speaker 1: and I'll even forgive the judgment. But she felt she
Speaker 1: was in the right, although the judge didn't see it
Speaker 1: that way. In order for her or any tenant to
Speaker 1: legally withhold rent, what do they have to do. Is
Speaker 1: there such a thing as withholding rent?
Speaker 10: Well, there's there's a statute that allows them to pull
Speaker 10: rent in a very limited circumstance. It has to do
Speaker 10: with a warranty of habitability item like he no electricity,
Speaker 10: something like that, no water. If they get the landlord
Speaker 10: notice and the landlord doesn't fix that problem, then the
Speaker 10: tenant can go out and get an estimate from a
Speaker 10: third party contractor to fix that one problem, and they
Speaker 10: can withhold that exact amount they would have to pay
Speaker 10: to a third party contractor to that problem.
Speaker 6: Now, Mark, tell him about the problem though we have
Speaker 6: with that. Well, this happened to be a plumbing problem.
Speaker 6: And Brad, generally speaking, you're not going to get a
Speaker 6: plumber to come into your apartment because you don't own it.
Speaker 6: The plumber would be insane to go in there because
Speaker 6: of the liability.
Speaker 10: Well, unless they get paid up front, no, no.
Speaker 1: No, But even then they don't want the liability. We've
Speaker 1: had situations where they have said they won't go to
Speaker 1: a house. But that's not your problem, Brad, that's not
Speaker 1: a legal problem. That's but that is something that comes up.
Speaker 1: But what you're saying is for them to protect themselves
Speaker 1: in court, they need to have that money either go
Speaker 1: towards something or be held at least for something. Because
Speaker 1: she didn't have any of it to show. If she
Speaker 1: had said I withheld it because of problems, what would
Speaker 1: the judge want to see more than just I with
Speaker 1: and she was saying he harassed me, he yelled at me.
Speaker 1: Do judges ever look at anything like that as an
Speaker 1: excuse to withhold rent?
Speaker 10: I think that's kind of the fluff that a judge
Speaker 10: wouldn't look at some of his game calling and so
Speaker 10: called harassment. The judge would focus in on the exact
Speaker 10: problem that makes it uninhabitable, with the cost to fix that.
Speaker 10: What notices were given to the landlord, and how much
Speaker 10: time was given for the landlord to cure that problem.
Speaker 1: Okay, what if I went to court with the money
Speaker 1: that I had withheld. Let's say it's three thousand and
Speaker 1: I say, your honor, I just wanted to get his attention,
Speaker 1: and this was the only way I could do it.
Speaker 1: I have the money to pay. What do you think
Speaker 1: would happen in that case?
Speaker 10: Well, under colorad of law, a tenant actually can cure
Speaker 10: late rent all the way up until the moment that
Speaker 10: the judge enters an order of possession for the landlord.
Speaker 10: So yeah, they can take They can basically try their
Speaker 10: case and lose the case. Just before the judge enters
Speaker 10: a judgment, say okay, I've got the money, here you go,
Speaker 10: and then no harm fell and it is reinstated.
Speaker 1: Okay, So now let's go to Nicky's case. This is
Speaker 1: a weird one. Nicki said that the land basically she
Speaker 1: was renting a room from a guy who out of
Speaker 1: place and was renting out four or five rooms or whatever.
Speaker 1: However many doesn't matter. He's renting out rooms, not the
Speaker 1: whole place, and there's some bad blood there. They supposedly
Speaker 1: the landlord didn't like her and maybe a fellow tenant
Speaker 1: didn't like her, and he's been asking her to leave
Speaker 1: since she moved in. She moved in in I believe
Speaker 1: in June. No excuse me, I'm sorry, yeah, June sixth,
Speaker 1: and then she paid for June, July, August, September. But
Speaker 1: each time the landlord would say, get out, get out,
Speaker 1: get out, we don't want you here. He never did
Speaker 1: a formal eviction, but she was charged with a couple
Speaker 1: of crimes for harassment or something, and for breaking into
Speaker 1: a room or something. NICKI again, please, we don't really
Speaker 1: need an explanation. I understand you don't agree, and you
Speaker 1: think there were false charges. But what dates were those charges?
Speaker 9: Hi, Tom, I don't have the exact dates with me,
Speaker 9: but what month I'm in?
Speaker 1: My month?
Speaker 9: August? They were both in August.
Speaker 1: Okay, so he took rent for September from her, But
Speaker 1: then suddenly when she came home on September twenty second,
Speaker 1: the locks had been changed. So what you know?
Speaker 6: She said he never evicted me even though she was
Speaker 6: not a restraining order.
Speaker 1: But didn't she have a trespassing order?
Speaker 4: No?
Speaker 1: No, no, no, it was Mark, Mark. The charges she
Speaker 1: did have charges. The exact charges were what Nikki Telbrad.
Speaker 9: They were on the one citation it is criminal trespass
Speaker 9: and uh no, criminal mischief and trespassing, and the second
Speaker 9: one is harassment. And I have just started my court dates.
Speaker 9: There's no judgment or anything at Okay, point.
Speaker 1: Now, Mark, As far as the trespass that was for
Speaker 1: going into somebody else's room, that wasn't but it wasn't
Speaker 1: in the same place. Mark, Yes, but it's not a
Speaker 1: it's not a restraining order to keep out of her room. Okay,
Speaker 1: Now it has to do with trespassing that guy's room.
Speaker 1: But listen again, I don't want to try those cases.
Speaker 1: I just want to ask Brad. Would he have reason
Speaker 1: to lock her out without due process?
Speaker 4: No?
Speaker 10: Locking a tenant out is giving your self help by
Speaker 10: the landlord, and we get the landlord in trouble. That's
Speaker 10: liability for an illegal addiction.
Speaker 1: And he also kept her stuff and won't give it back.
Speaker 10: Yeah, that's that's liability for the landlord.
Speaker 1: What can she do about it?
Speaker 10: Well, you can see the landlord for illegal addiction and
Speaker 10: loss of property?
Speaker 9: Am I on the phone?
Speaker 1: Yes you are, NICKI, Oh okay.
Speaker 9: So what I thought about this when you were on break?
Speaker 9: What I'd like from you guys as a lawyer referral
Speaker 9: to help me kind of tile this together, because, like
Speaker 9: I said, some of this is civil. Well, you got
Speaker 9: to pay for an attorney, you understand, Niki, right, And
Speaker 9: I don't have the money for that.
Speaker 1: Well, then I don't have a referral. What you're asking
Speaker 1: for is a free attorney, right.
Speaker 9: No, No, I'm not asking for a free attorney. I'm
Speaker 9: asking for maybe a contingency attorney. Because you know, if I.
Speaker 1: Had to pick, if I had to pick the biggest
Speaker 1: myth in life, the biggest myth is that attorneys work
Speaker 1: on contingency. I can think of maybe one or two times.
Speaker 1: One of them is personal injury. But people think that
Speaker 1: there's this pot of gold that attorneys strives for and
Speaker 1: they're going to take a case on contingency.
Speaker 2: I'm not.
Speaker 1: I'm not making fun of you, Nikky. I'm telling you
Speaker 1: the truth. Attorneys don't work on ninety nine percent of
Speaker 1: the time. But let me ask Brad, Brad, do you
Speaker 1: do you ever take cases on contingency? I'll ask you
Speaker 1: straight up, No, I worked by the hour.
Speaker 10: Contingency cases are those, like you said, are where there's
Speaker 10: a pot of gold at the end, where there's a
Speaker 10: lot of cash, that where an attorney can take their third.
Speaker 10: For example, I don't be the type of case.
Speaker 9: Okay, on my side, somebody who would do a free
Speaker 9: consultation with me and listen to it. Who might be
Speaker 9: willing to do that.
Speaker 6: Well, let me ask Brad something, Brad, is there anything
Speaker 6: that the landlord might have to pay?
Speaker 1: Let's pretend the landlord does have assets.
Speaker 6: If he is hold on, if he's actually found guilty
Speaker 6: of doing all these wrongdoings, can they get attorney's fees?
Speaker 6: Can they get other things? Or there's nothing, there's nothing
Speaker 6: like that in a case like this.
Speaker 7: Oh no, the landlord.
Speaker 10: Tenants atchets in Colorado do provide for attorney fees for
Speaker 10: the prevailing party or for the tenant who's prevailing party,
Speaker 10: and also so for some fines.
Speaker 6: So saying that, why wouldn't there be And I'm not
Speaker 6: an attorney, I'm not saying I would do it if
Speaker 6: I was. But I'm saying, if they can get it,
Speaker 6: and they hear her and they talk to her about
Speaker 6: the case, and she proves this guy actually did everything
Speaker 6: she's talking about. Why wouldn't someone take it on contingency?
Speaker 1: There's not enough money? Well, that's what. Well, there's attorneys fees.
Speaker 5: There, well the amount of attorneys.
Speaker 1: Okay. First of all, First of all, wait a minute.
Speaker 1: When it comes to damages, you see, you're under the
Speaker 1: mistaken impression, Nikki that if somebody has money, then damages
Speaker 1: go up. That's not true. Damages are damages. If you
Speaker 1: have let's say, one thousand dollars in damages, it doesn't
Speaker 1: go up to ten thousand. Of the guys a billionaire, No,
Speaker 1: I understand that. Okay, So what are your damage let's
Speaker 1: talk about him. What are your damages? Let's say you
Speaker 1: had one thousand dollars worth of property plus another thousand
Speaker 1: of personal property. That's two let's just say it for arguments, Hey,
Speaker 1: that's two thousand. What else? You didn't get your deposit back?
Speaker 9: Right? According to Colorado state law, if they lock you
Speaker 9: out illegally, and there is only one reason that a look,
Speaker 9: that they can lock you out. And that's if you
Speaker 9: are a manufacturing mess, which I was not. Under the
Speaker 9: Colorado Statute, it says that you are entitled to five
Speaker 9: thousand dollars or three times the rent, the five whichever
Speaker 9: is more the five thousand dollars.
Speaker 1: Is that right, Brad?
Speaker 10: I think that's right.
Speaker 1: Yeah, Okay, So what you're saying, so so you would
Speaker 1: want an attorney. Now listen, So let's let's just say
Speaker 1: let's say five thousand. Let's say ten thousand, So an
Speaker 1: attorney would work for a third of that three thousand dollars. No, No, No,
Speaker 1: plus attorney's fees. Oh eight? Does it?
Speaker 9: The landlord will be responsible for Brad?
Speaker 1: If it? If the attorney would be responsible for landlord fees,
Speaker 1: why wouldn't someone do a consultation and then decide it
Speaker 1: might be worth it.
Speaker 10: Well, that's not the kind of money that more, They
Speaker 10: say contingency type of a lawyer.
Speaker 1: Well, I'm not talking about contingency. But if you're going
Speaker 1: to get paid by the court, if the court orders
Speaker 1: attorneys fees, isn't that as good as being paid?
Speaker 10: Well, attorney fees are not guaranteed. It's something that you
Speaker 10: go for after you win and the court it all
Speaker 10: times has discretion to award anywhere from zero present to
Speaker 10: one hundred percent of attorneys fees. Sometimes, Okay, they don't
Speaker 10: award them if they find it it's not equitable.
Speaker 9: Okay, I didn't know that.
Speaker 1: So that's so for me, Brad to write a letter
Speaker 1: to this guy and say, look, this is what you
Speaker 1: all according to the statute, I mean, what would that?
Speaker 1: That would take a couple hours of time, right, probably?
Speaker 10: Yeah, So I don't just start writing a letter. I
Speaker 10: have to look at all the release and correspondence.
Speaker 1: Exactly, So a couple hours. So, Nikki, it's unfortunate, but
Speaker 1: I don't think you're going to find someone who's gonna
Speaker 1: do it.
Speaker 6: Wait a second, I just thought of something. Suzanne's been
Speaker 6: helping out those Texas kids.
Speaker 1: Through legal aid.
Speaker 6: I bet I bet they would jump on something like this,
Speaker 6: wouldn't they.
Speaker 9: Actually I called them and they are not taking eviction
Speaker 9: or landlord tenant cases at this time.
Speaker 1: Oh wow, that means there's a million of them out there.
Speaker 9: I have actually researched some of this, and I had
Speaker 9: hit a wall with what to do because I know
Speaker 9: if I filed through Small Claims court in order to
Speaker 9: collect from this man and get anything of what was
Speaker 9: left in that room, especially of my professional tools, is
Speaker 9: going to be difficult.
Speaker 6: Well wait a minute, you're signing you got more than
Speaker 6: seventy five hundred bucks worth of stuff in that room.
Speaker 9: I would say between the five thousand dollars of Uh.
Speaker 1: She's talking about what's statutory, what statutory as well as.
Speaker 6: But still why not go after the seventy five hundred though, Brad, Brad, dude,
Speaker 6: let me ask you, I'm Brad.
Speaker 1: Those statutory damages, do you get to add to them
Speaker 1: your actual damages? Yes?
Speaker 10: I think so, because that is what I read. The
Speaker 10: loss of property like your furniture is another thing.
Speaker 9: Okay, yes, so small claims is hard to collect on
Speaker 9: and it would cost me money to file in small claims.
Speaker 9: And that's why it.
Speaker 6: Costs fifty dollars fifty five bucks. I mean, Nikki, that's
Speaker 6: no big deal.
Speaker 9: You know what, dude. For somebody who has fifty five
Speaker 9: bucks and something in their bank account that works, I
Speaker 9: don't have anything right.
Speaker 1: Now, Okay, Nikki's Niki, Nicky, I lost my If we filed,
Speaker 1: if we paid for it, if we paid, you helped
Speaker 1: you pay the fee, would you file a small claim.
Speaker 9: I would consider it that I don't have the information
Speaker 9: in order to collect from him, though.
Speaker 1: Okay, and listen, then here's what I'm going to go
Speaker 1: back and Brad O'Brien, by the way, olslaw dot com. Brad,
Speaker 1: thank you so much for all which coming on seven
Speaker 1: to zero three seven zero seventy three eighty eight. If
Speaker 1: you're a landlord, you want to do things the right way,
Speaker 1: call him please and now, now, Nikki, here's the deal.
Speaker 1: What do we Why don't we have Bo who's sitting
Speaker 1: in the studio. He's a smart man. He he understands
Speaker 1: the issue. Why don't we have him try to negotiate
Speaker 1: with your landlord?
Speaker 9: Like I said, there's a lot going on, I believe.
Speaker 1: Yeah, all right, Nikky, we can't help you. I'm sorry,
Speaker 1: we tried. Thank you very much for calling three oh three.
Speaker 1: We can't get you an attorney free. Sorry nor on
Speaker 1: contingency three O three seven three three eight two five five.
Speaker 1: Go with a sure thing Denver's Best roofer Excel Roofing
Speaker 1: dot com. You don't pay a cent until you're content.
Speaker 1: Time for an insurance check up free, no obligation. In comparison,
Speaker 1: call Compass insurance paying too much your coverage at dozens
Speaker 1: of insurance companies. Find out now three oh three seven
Speaker 1: seven to one help. You'll think you're his only customer
Speaker 1: when you choose Frank durand the real estate man dot
Speaker 1: com to list your home with Remax Alliance three oh
Speaker 1: three nine two zero sixteen twenty two three o three
Speaker 1: seven one three Talk Carl, what's happening?
Speaker 7: Good morning Tom? I'd like to say right off the
Speaker 7: bat at Uh. You and your staff are awesome for
Speaker 7: the way you handle and help people.
Speaker 1: Well, thank you. We try, Karl, honest to goodness. A
Speaker 1: lot of people agree, some people don't. So what's going
Speaker 1: on with dental plants? They're very, very complicated?
Speaker 7: Yeah they are. I can I've got four pages. Who
Speaker 7: if you want me to read it all?
Speaker 1: Or no? No, no, here's what I want to know.
Speaker 1: Let me ask some basic questions. Then you can tell
Speaker 1: a story. I take it you had dental implants.
Speaker 7: Done upper and lower.
Speaker 1: Uh. And when you say implants upper and lower, were
Speaker 1: they to hold dentures or were they individual teeth?
Speaker 7: No, they're to hold the to hold the plates teeth.
Speaker 1: I get no, No, I understand, But what I'm saying
Speaker 1: is this. There's two ways implants are used. There's one
Speaker 1: way where one each tooth gets an implant or a
Speaker 1: screw and then they put a restoration on it. The
Speaker 1: other way is, well there's three ways. The other way
Speaker 1: is a full mouth on the top and then they
Speaker 1: then they place the anchors which are implants, and then
Speaker 1: the other way are bridges. So you had the whole
Speaker 1: upper and lower done full mouth okay, So basically you
Speaker 1: had ank How many anchors or implants did you have
Speaker 1: put into your head?
Speaker 7: Well, there was most most of the time. When they
Speaker 7: do that, they put four up and pour down. In
Speaker 7: my case they done five up and they've done six low.
Speaker 1: Okay, okay. And so when they did those did did
Speaker 1: did you get the restorate? Did you get the dentures
Speaker 1: done too?
Speaker 9: Yeah?
Speaker 7: When they when they do the upper, that's what they
Speaker 7: do first is the upper, and they'll put a plate
Speaker 7: in there then and then the next day you go
Speaker 7: back and they do the lower, and they'll give you
Speaker 7: the lower.
Speaker 1: Okay. And and by the way, they don't all do
Speaker 1: it that way, Carl. Some actually wait a long time
Speaker 1: for the implants to heal. The these dent in a
Speaker 1: day or dentures in an hour or dentures in a week.
Speaker 1: There's a controversy. Not everyone agrees to that procedure. But
Speaker 1: you had the plate put in, but you didn't have
Speaker 1: the actual denture made and put in that day, did you.
Speaker 3: No.
Speaker 7: No, it's just a temporary is what it is, temporary
Speaker 7: upper and lower.
Speaker 1: Okay, So what's the problem.
Speaker 7: Well, just like you just said, I didn't realize that
Speaker 7: some dentists or some surgeons wait to let your mouth heal,
Speaker 7: and that's my problem. My mouth has not healed.
Speaker 1: Okay. But you didn't get your permanent dentures yet, did you. No?
Speaker 1: I haven't, okay, So what would be wrong with letting
Speaker 1: it heal and then getting.
Speaker 7: Them, Well, it wouldn't be anything wrong with it. It's been
Speaker 7: over a year.
Speaker 1: Wait a minute, so your your implants are still bothering
Speaker 1: you after one year.
Speaker 7: Yeah, the temporaries are still bothering me after one year, Tomas.
Speaker 7: What happened is they done the lowers or uppers, and
Speaker 7: then I went back. They've done the lower. At that time,
Speaker 7: they suggested that they put another stud in the bottom
Speaker 7: of my jaw, So I went back on the seventh.
Speaker 1: Right, So that's why you have this, That's why you
Speaker 1: have the six lower ones. Right.
Speaker 3: Yeah.
Speaker 1: So hey, hey Carl, real quick, Carl, when you say temporaries,
Speaker 1: they're temporary teeth, right, right? So can I ask you something?
Speaker 1: What does the dentist say of your dentist? What does
Speaker 1: he say about the implants? I imagine it's the implants
Speaker 1: bothering you, that the stuff that goes into your jaw,
Speaker 1: because the temporary teeth don't have feeling. So what's bothering
Speaker 1: you The placement of the temporar worries and how they
Speaker 1: fit or the actual implant into the bones.
Speaker 7: Well, let's see. That's where I'm not sure because I
Speaker 7: don't Okay, I have a second opinion, second opinion.
Speaker 1: Why why haven't you had a second opinion? I have?
Speaker 7: That's what I'm saying. I did.
Speaker 1: And what did they What did the second opinion tell you?
Speaker 7: The first opinion told me that he took an X
Speaker 7: ray of my mouth. He come back and he says,
Speaker 7: I'm gonna be honest with you, Carl. That's a mess.
Speaker 7: He says. The only way you're going to fix that
Speaker 7: is to pull them out. Pull that stuff out, go
Speaker 7: to a bone specialist and have them fill up the
Speaker 7: holes and stuff. And I know you don't want to
Speaker 7: hear this, but you're going to have to go to Daners.
Speaker 1: Well, of course you're gonna have to go to dentures.
Speaker 1: That's what that's what implants hold dentures? Is he saying
Speaker 1: that your your bones are too damaged now to hold
Speaker 1: new implants.
Speaker 7: If what he's saying is the method that they use
Speaker 7: in the in the operation that they did putting those
Speaker 7: studs in the way they did, is why or I'm
Speaker 7: saying now is why I My bones.
Speaker 1: Are okay, So Carl, So Carl, I get it, I
Speaker 1: get it. They're they're saying that the implants were done wrong,
Speaker 1: the studs, whatever you want to call them, they were
Speaker 1: done wrong, and they have to be removed and your
Speaker 1: bone has to be repaired. That's what that dentist said
Speaker 1: to you.
Speaker 7: Right, Well, what he said is you have to take them,
Speaker 7: just to take everything out of there and have a
Speaker 7: bone specialist fixed the bone.
Speaker 1: That's what I just said, Carl, That's exactly what I
Speaker 1: just said, take everything out and repair the bone. That's
Speaker 1: a yes, that's what the dentist told you. Yes, right, okay,
Speaker 1: But then he said you probably can't get new implants.
Speaker 1: You probably have to do conventional dentures. Is that what
Speaker 1: he's saying, Yes, sir, okay, now as that that's a
Speaker 1: pretty serious accusation. Did he say it looks like malpractice
Speaker 1: to him?
Speaker 7: Well, no, he didn't say that.
Speaker 1: Okay.
Speaker 7: In the second the second opinion I got, he basically
Speaker 7: said the same thing. He says, that's a can of worms.
Speaker 1: Okay, did either of those opinions they were not the
Speaker 1: original doctor or associated with the original doctor. Is that right?
Speaker 7: No, they sure wasn't.
Speaker 1: Okay, you need to sue this guy or he's got
Speaker 1: to be able to do the repairs and make you
Speaker 1: whole again without charging you. Have you paid the first dentist?
Speaker 7: Yes, how much I pulled the loan out to do it.
Speaker 7: But how much how much I've done that?
Speaker 9: Lord?
Speaker 1: How much? How much?
Speaker 7: Eighteen thousand?
Speaker 1: Thank you? Keep going with your story. What did you
Speaker 1: say you took a loan out?
Speaker 7: Okay, when they took when they'd done the lower ones
Speaker 7: and they put that second study in, they moved the
Speaker 7: that was on the right side on the left side.
Speaker 7: They moved it to align with the right side.
Speaker 9: Well, it was.
Speaker 7: Supposed to take an hour three hours later, there's Carl.
Speaker 1: Carl, we've already established, We've already established with two dentists
Speaker 1: that the guy was a clown. Okay, so you don't
Speaker 1: have to sell me. Now, you got to do something
Speaker 1: about it. You got I'm serious.
Speaker 7: I wanted to tell you this. They when I started
Speaker 7: to wake up, they started shooting me, pulling numb jill.
Speaker 1: Okay, Carl, I get it. And guess what, Carl, I
Speaker 1: get it, Carl, I get it. The first dentist, Carl,
Speaker 1: the first dentist was clown. I get it. I get it.
Speaker 1: Now we have to do something about it. I mean
Speaker 1: I I you sold me, Bro, you sold me. Have
Speaker 1: you talked to attorneys about it?
Speaker 7: Welcome? This is the funny part of it, Tom. I've
Speaker 7: talked to turn out, not too directly to an attorney,
Speaker 7: but they're associates. And then noem want to do anything.
Speaker 1: That's because Okay, Carl, Carl, hold on, let me come
Speaker 1: back to you and give you some dose of reality. Okay,
Speaker 1: Then we're gonna see what we can do to help.
Speaker 1: Hang on. I'm Tom Martinez. Three oh three seven to
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Speaker 13: Carl.
Speaker 1: There's no doubt in my mind from what you're telling me,
Speaker 1: if I take you at your word that if two
Speaker 1: dentists said this, this is terrible, and it all has
Speaker 1: to be removed and redone, and you're gonna have your
Speaker 1: bone has to be repaired, and now you're not gonna
Speaker 1: be able to ever have implants. You're gonna have to
Speaker 1: go with conventional dentures. And this dentist screwed you up.
Speaker 1: You have a case. Here's the age old problem damages
Speaker 1: and here's what I mean, Carl. You could not afford
Speaker 1: to bring this case to court because it's going to
Speaker 1: cost with experts and with testimony and with depositions and
Speaker 1: with pre trial motions, probably one hundred and fifty thousand
Speaker 1: to get to court. So yeah, now I might be
Speaker 1: Deputy doc. Am I exaggerating with malpractice? Am I exaggerating
Speaker 1: to get to court? You know?
Speaker 11: What's the name of the group that did the implants?
Speaker 1: Oh?
Speaker 7: Should I say it?
Speaker 1: Or yeah? Of course you can if you're telling me
Speaker 1: the truth. Who is it?
Speaker 7: What's Colorado Surgical Institution?
Speaker 1: How'd you find them?
Speaker 7: Off to TV? The other had an.
Speaker 1: Ad Colorado or Colorado Surgical Institution. Yep.
Speaker 13: It also seems to me, Tom that if he paid
Speaker 13: eighteen thousand dollars for at least eleven anchors and you
Speaker 13: know that's that's like Ridikie underpaid, way way underpaid.
Speaker 1: But he still didn't deserve to be screw.
Speaker 13: No, I'm just saying that should have been a red flag.
Speaker 13: But have you Have you called Leventhal and Associates?
Speaker 9: No?
Speaker 1: I sure have called them when you said you called attorneys?
Speaker 1: Who did you call?
Speaker 7: Well, I don't have a list of them right now.
Speaker 1: And Carl got it? How old are you, Karl?
Speaker 7: I don't have it with me right now.
Speaker 1: How old are you, Carl?
Speaker 7: I'm seventy four.
Speaker 1: Okay, listen, here's what I want to tell you on
Speaker 1: these When you make a call to an attorney, did
Speaker 1: you try to explain your whole story.
Speaker 7: Yeah, they'll kind of take a summary of it, but
Speaker 7: don't know.
Speaker 1: Here's what you tell them. Here's what you tell them,
Speaker 1: and if you, if you, I promise you, this is
Speaker 1: how you say it. You had eleven implants and temporary
Speaker 1: dentures put in okay, and two other dentists told you
Speaker 1: they are completely wrong and screwed up. They have to
Speaker 1: be removed. I'm going to have to have my bones
Speaker 1: repaired and I can never wear I can never have
Speaker 1: dental implants again. I will have to go with regular dentures.
Speaker 1: That's all you have to say. I'm in constant pain
Speaker 1: and I need help. That's what you say.
Speaker 7: Yeah, I have believe me. I have pressure in my
Speaker 7: upper jaw all the time. Carl.
Speaker 1: Did you hear what I said?
Speaker 7: Yes, But I wanted to put in there that if
Speaker 7: I wanted to add to that that I've had that
Speaker 7: upper place being broke five times. They had to replace it.
Speaker 1: Okay, Carl, please please, please please to get their attention.
Speaker 1: You've had eleven implants and temporary dentures. You've been in
Speaker 1: constant pain, and you went to two dentists who told you.
Speaker 1: Both of them told you they were done incorrectly. They
Speaker 1: must be removed and your bone has to be repaired,
Speaker 1: and you can never have implants again, and you have
Speaker 1: to go with conventional dentures. That's all you have to
Speaker 1: tell them. And you tell them you're in tremendous pain.
Speaker 1: Please just tell them that they will want to talk
Speaker 1: to you. Okay.
Speaker 7: The lawyer's phone number or name.
Speaker 3: Again, I don't know.
Speaker 1: Well, I would start with the best. Okay, there's two
Speaker 1: eleventhhal deputy doc knows from his days as being a doctor.
Speaker 1: They they're known for malpractice. I mean for hand best Levenhal.
Speaker 7: Okay.
Speaker 1: Then hold on, we have somebody else. You should call
Speaker 1: one eight hundred attorney and that's Marco ben Denelli. Okay,
Speaker 1: and then he's on our referral list. We know him well.
Speaker 1: I want you to call both. All right, we wish
Speaker 1: the best, Carl, I feel really bad for you. By
Speaker 1: the way, did the original place offer to do anything
Speaker 1: for you?
Speaker 7: Well, this is the thing, Tom, They've been a year
Speaker 7: because I keep biting my lift.
Speaker 1: Okay, Carl, I'm going to ask you this again. Did
Speaker 1: they offer to do anything for you?
Speaker 7: Yes? Yes?
Speaker 1: Okay, hold on then hold on, I want to know
Speaker 1: what they offered. I'm Tom Martine. Go with a sure thing,
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Speaker 1: think you're his only customer when you choose Frank durand
Speaker 1: the real estate Man dot com to list your home
Speaker 1: with Remax Alliance three oh three nine two zero sixteen
Speaker 1: twenty two. Hi Tom Martino here three three seven one
Speaker 1: three talks.
Speaker 6: You got to hear this quick news story. It's very true, man,
Speaker 6: It's just it'll take what fifteen twenty seconds?
Speaker 1: Say go ahead.
Speaker 14: Texas police say a woman was banned from a local
Speaker 14: Walmart after she spent several hours driving an electric shopping
Speaker 14: cart around the parking lot while drinking wine from a
Speaker 14: pringles can. Police were called about a suspicious person.
Speaker 1: Around nine You can't you can't make that stuff up. Man, No, nope, no, no,
Speaker 1: Hey Carl, what did the previous dentist that did this
Speaker 1: screw up job? What did they offer you this surgical center?
Speaker 7: Well is what they They've changed the plate? What's going on?
Speaker 7: Is I'm biting my lip?
Speaker 1: No, I get it. What did they offer you though?
Speaker 1: As far as do they agree that the implants are bad?
Speaker 7: No, no, they do everything but to say that, Okay,
Speaker 7: so I can blow air. I can blow air between
Speaker 7: my opera roll my gum and the plate. I can
Speaker 7: blow air through it. And he says you might have
Speaker 7: to live with that. Well, that's not what I asked for.
Speaker 7: I want a good job.
Speaker 1: Yeah, hold on, do you want someone to contact them
Speaker 1: and try to work this out? I want to give
Speaker 1: it to deputy doc. Do you want to do that?
Speaker 1: Let's see if he does, and if so, give it
Speaker 1: to doc. I'm Tom Martina. Go with a sure thing
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Speaker 1: a cent until you're tenth time for an insurance check up,
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Speaker 2: RiPP you need advice? Who you don't have? Come run anxious.
Speaker 1: Fast as we can.
Speaker 2: Shooter's gonna help.
Speaker 6: Come Man six is the Troubleshooter Show.
Speaker 1: No Tom Martinez. Hey, Hey, hey, welcome to the show.
Speaker 1: Three oh three seven one three talk seven one three
Speaker 1: eight two five five. What's going on in your life?
Speaker 1: If you have a problem, question and complaint, you can
Speaker 1: give us a call. But right now, Mark's got Joe Kano,
Speaker 1: certified financial Planner in the studio along with Jordan Caano
Speaker 1: on the phone, and guys, we want to run up
Speaker 1: some numbers. We're always asked Mark, We're always asked this question.
Speaker 1: So let's constantly.
Speaker 6: Well, it's this we talk about to guaranteed income. We
Speaker 6: talk about different aspects of annuity. We know the product
Speaker 6: you guys really like as a fifteen percent bonus. But
Speaker 6: here's the bottom line, Like, give me an idea of
Speaker 6: for a forty five year old puts one hundred thousand
Speaker 6: along with the fifteen percent bonus, and he wants to
Speaker 6: start taking the money at age seventy five, how much
Speaker 6: is he truly guaranteed for the rest of his life,
Speaker 6: same with a fifty five year old or a seventy
Speaker 6: year old. I mean, what are the real numbers, guys.
Speaker 1: So let's take him on at a time. Let's go
Speaker 1: forty five.
Speaker 4: Well, yes, forty five, Jordan here, I'm still running numbers
Speaker 4: on the other two. Shabat they on those ones real quick.
Speaker 4: But as part of the forty five year old Neil
Speaker 4: one hundred thousand, just jumping in putting the money in
Speaker 4: thing added by the age of seventy five, we're talking
Speaker 4: about an income stream bare minimum too. This is absolutely
Speaker 4: guaranteed minimum at least of thirty almost thirty six thousand
Speaker 4: dollars a year off of one hundred k, So thirty
Speaker 4: six thousand a year for the rest of his life,
Speaker 4: no matter how long lived taking that income, and if
Speaker 4: they needed long term care, just to multiply that by
Speaker 4: two and they'll be paying about seventy two k out.
Speaker 1: So this guy's going to get three grand a month
Speaker 1: if he puts one hundred grand. So if he accumulated
Speaker 1: one hundred grand and a four to one kre or
Speaker 1: whatever or any kind of any kind of fund and
Speaker 1: he puts that in an annuity, a fixed index annuity
Speaker 1: and just let's sit there.
Speaker 4: Yep.
Speaker 1: But that didn't even include the bonus money. No, it did, right,
Speaker 1: that's with me.
Speaker 4: That's with the bonus. You have to be okay with
Speaker 4: the bonus kday one yep.
Speaker 6: And you said that was the guaranteed amount. I mean, like,
Speaker 6: how much could that be?
Speaker 4: So so the key thing is think about thee hundred
Speaker 4: thousand he starts with that, with that bonus of fifteen
Speaker 4: by the age of seventy five. And again this is
Speaker 4: using historic numbers, so this isn't this guy's using the
Speaker 4: last history of the numbers. They're saying, you know, based
Speaker 4: off those averages from the market, that one hundred grand
Speaker 4: is going to grow close to almost three quarters of
Speaker 4: a million dollars just by itself, nothing added, it's going
Speaker 4: to cross get it pretty close about six hundred and
Speaker 4: prob about six hundred and twelve thousand dollars based off
Speaker 4: of that. They could live off that income stream, take
Speaker 4: all that money out or with that income on like
Speaker 4: we're talking about, which that thirty six thousand dollars a
Speaker 4: year that will pay indefinitely until the day passes.
Speaker 2: So they could take.
Speaker 6: That, They could take that close to three quarters of
Speaker 6: a million as one lump sum. I'm not saying anybody
Speaker 6: would want to, but you could. Well what happens if
Speaker 6: I did that at age forty five? It's a little
Speaker 6: too late for me. I'm fifty two. But let's say
Speaker 6: I did that and then I croak at age sixty five?
Speaker 6: What happens to my money? Does my wife get the money?
Speaker 6: How does that work?
Speaker 11: Yeah?
Speaker 4: So if you took the money, the thing would be is,
Speaker 4: let's put it this way. Whatever money is less than
Speaker 4: the account goes to your family. It could be spoused children,
Speaker 4: it could be multiple people, very different from a traditional pension.
Speaker 6: So if I never took anything out and it was
Speaker 6: worth that three quarters of a million, they would get that.
Speaker 1: My errors would get that.
Speaker 3: Got it?
Speaker 4: You got it? And that's the beauty of this. It
Speaker 4: kind of helps cover for the what if you know,
Speaker 4: if you're living a long life, well, guess what you
Speaker 4: got income for the rest of your life, not worried
Speaker 4: to have to be forced back into work. The what
Speaker 4: if if long term care it's there and you just
Speaker 4: hit it right on the head of their mark. If
Speaker 4: you did pass, and the graduates in the next world, well,
Speaker 4: guess what, there is money left behind your loaf.
Speaker 6: Okay, okay, So that's great for someone younger, that money's crazy.
Speaker 6: But how about like right now, someone let's just say
Speaker 6: sixty years old, and they're thinking or retiring at you know,
Speaker 6: seventy five or whatever, just I mean whatever, let's use
Speaker 6: the same date seventy five. Now, how much would they
Speaker 6: get because that money's not sitting there? And then the
Speaker 6: exact same thing though, right when they do start taking
Speaker 6: that money, they are guaranteed that till the day they die. Correct, correct,
Speaker 6: Then if something happens to him and they need care
Speaker 6: maybe in their house or a facility or whatever, it
Speaker 6: actually doubles per month and they can still take a
Speaker 6: lump sum if they need it.
Speaker 1: So how much would that be? Yeah?
Speaker 4: So, and this is for a sixty year old. Now
Speaker 4: I want to give you the next kind of bracket
Speaker 4: up here. So if we're talking about a sixty year
Speaker 4: old and a little bit later there that's getting ready
Speaker 4: to retire, they have one hundred thousand, same numbers they
Speaker 4: dump it in, and if they want to take it
Speaker 4: at seventy five, obviously a little bit less time than
Speaker 4: a forty five year old, they're going to be close
Speaker 4: to about twenty two thousand dollars a year for the rest.
Speaker 1: That's incredible.
Speaker 6: Now, now let me ask you this, guys, so you
Speaker 6: don't have to decide.
Speaker 1: When you buy the annuity.
Speaker 6: In other words, let's say that sixty year old thinks
Speaker 6: he's going to work. Maybe he's a realtor like my
Speaker 6: dad and works to you know, to keep himself busy.
Speaker 1: He doesn't need it, he has other income.
Speaker 6: But let's say all of a sudden they want to
Speaker 6: take it, that they buy it at sixty and they
Speaker 6: want to take it at sixty five sixty three. They
Speaker 6: can take it whenever they want.
Speaker 4: They can turn the income on whenever they want. Now,
Speaker 4: granted it to your point, the idea'd be hopefully when
Speaker 4: we meet with you know, when we meet clients, we
Speaker 4: kind of ask those questions so to figure out when
Speaker 4: is that time. Kind of realistically, you know, we never
Speaker 4: know the exact year, but you're right, they could take
Speaker 4: that money or they can turn the income on sooner
Speaker 4: and based off of that, we have fifty different companies,
Speaker 4: over fifty different companies that we run these illustrations with
Speaker 4: these examples to get they guess payout based off of
Speaker 4: your time frame there ye years.
Speaker 6: You guys were also talking to or Jordan was about
Speaker 6: the averages over the last you know, X amount of years,
Speaker 6: saying it could be close to that three quarters of
Speaker 6: a million when we were using the forty.
Speaker 1: Five year old. So explain this ratcheting up.
Speaker 6: In other words, if whatever the companies, these annuity companies
Speaker 6: are investing in, if everything does great, you benefit along
Speaker 6: the time with that, right correctly, But that you guys
Speaker 6: always say, I've been to these these events and stuff
Speaker 6: with you. What's interesting is what the stock market has
Speaker 6: a horrible time life?
Speaker 1: Oh wait, oh nine.
Speaker 6: Imagine if you were getting to retire around that time,
Speaker 6: Tom and the market was down there and you don't
Speaker 6: have many years left.
Speaker 1: You got screwed.
Speaker 6: So but now what happens with this and this is
Speaker 6: the part I want a little more explanation on. I
Speaker 6: benefit when everything's great, right, but if everything goes to
Speaker 6: hell in a handbasket in the stock market, which always
Speaker 6: happens at some point. It's just the way it goes.
Speaker 6: It ratchets in and I don't lose money.
Speaker 12: Let us right, just stay level. You never go down,
Speaker 12: you never go down.
Speaker 1: So as it ratchets up, it stays at the new
Speaker 1: level is going by the way. I have someone let's
Speaker 1: go to a real life person who just texted me.
Speaker 1: He's fifty five and he wants to put in fifty
Speaker 1: till he's sixty five. So that's only ten years at
Speaker 1: fifty grand. But let's do it. Let's just let's just
Speaker 1: do it now.
Speaker 4: I can hear money right now, and you.
Speaker 1: Know, I just want to do the disclaimer that fixed
Speaker 1: indextinuities are not for everyone in every situation, but they're
Speaker 1: certainly people who want safe security and guarantees and they
Speaker 1: don't want to mess with their money. Now. You know
Speaker 1: I've said this before. You have people that do all
Speaker 1: kinds of things with their money, and each according to
Speaker 1: their own and you have to take and and Joe,
Speaker 1: Joe sees people like that. Hold on, well he's running
Speaker 1: that number. Tom.
Speaker 6: You know, I'm looking at our YouTube. So hell Cat
Speaker 6: get ready to talk doc. Okay, Hellcat said, I keep asking,
Speaker 6: just bring on one actual human who's getting their money
Speaker 6: for life. Well, there's one sitting next to me.
Speaker 1: Let me go ahead. That's right, Doug. Let us wonder I.
Speaker 13: Bought an annuity with an immediate payout. It started maybe
Speaker 13: I don't know, maybe ten years ago at paying thirteen
Speaker 13: hundred and fifty dollars a month. It has now gone
Speaker 13: up to over nineteen hundred dollars month because as the
Speaker 13: stock market goes up, my annuity is packed to the
Speaker 13: stock market. But if the stock market.
Speaker 11: Goes down, I am guaranteed at.
Speaker 13: Least a three percent cost of living increase every year,
Speaker 13: regardless of market conditions.
Speaker 6: So for ten years you've been getting thirteen hundred all
Speaker 6: the way up to nineteen hundred.
Speaker 11: It's gone up every year. Now it's at nineteen over nineteen.
Speaker 1: It will never go down, for they never go down
Speaker 1: below you. You're going to get that till the day
Speaker 1: you don't say I die. Why did you buy.
Speaker 13: It, though, Because I wanted my I wanted my rent
Speaker 13: to be to be paid. So I knew that every
Speaker 13: month my mortgage payment would be guaranteed by my annuity,
Speaker 13: and I didn't have to worry about it.
Speaker 12: See that's the beautiful thing about not only.
Speaker 1: That, but what Doc also, Doc said more than just that,
Speaker 1: he said a mouthful. Think about this. By having a
Speaker 1: mortgage paid for monthly, he's able to preserve the capital
Speaker 1: he would normally use to pay off mortgage. So that
Speaker 1: also is an addition. Keep gone, guys.
Speaker 12: Yeah, absolutely, And one thing I do want to add Tom.
Speaker 12: You know, I think right now, people that are getting
Speaker 12: ready to retire or now they're retired, let's say they
Speaker 12: want to have a guaranteed income. This annuity that Doc
Speaker 12: is talking about is called an immediate annuity. We have
Speaker 12: a lot of clients like him that actually bought an
Speaker 12: immediate annuity so they can create a guaranteed income for
Speaker 12: the rest of their life. You see, most financial planners,
Speaker 12: you know, concentrate and building an account, just building that,
Speaker 12: you know, building the account a four oh one K
Speaker 12: or an IRA or just any investment account. But what
Speaker 12: people really want they want to have an income stream.
Speaker 12: I mean, we have a small example here. I'm drawing
Speaker 12: Social Security. That's an income stream guaranteed for my life.
Speaker 12: I have a pension from my previous company. That income
Speaker 12: stream is garanteed for the rest of my life. I
Speaker 12: have an annuity just like the one the Doug is
Speaker 12: talking about that's giving me an income for the rest
Speaker 12: of my life. My wife has social Security coming in,
Speaker 12: she has a pension coming in, and it's just an
Speaker 12: annuity income coming in. So we're getting six different income
Speaker 12: streams every single month. Okay, listen to the mailbox.
Speaker 1: Now, one other quick question, Finial on another question of my eyes.
Speaker 1: Let me interrupt here. So there's there is a question,
Speaker 1: I get. What happens if someone doesn't, you know, live
Speaker 1: that long and all the money they put in, what.
Speaker 12: Happens It goes through the beneficiary.
Speaker 2: Dude.
Speaker 12: You can choose your spouse, your children, your grandchildren, whoever
Speaker 12: you want. You can choose multiple beneficiaries.
Speaker 6: It's so weird talking about annuities because there is still
Speaker 6: a group of people. They're generally older, you know, over
Speaker 6: fifty sixty whatever.
Speaker 1: I'm not even sure that.
Speaker 6: I guess maybe their parents got screwed on bad products.
Speaker 1: Back in the day.
Speaker 6: But there is a negative association with the word annuity,
Speaker 6: don't you find that true time?
Speaker 1: Yeah, And part of that is because of the variable
Speaker 1: annuities that we're out there and the high fee annuities.
Speaker 1: There are a lot of annuities that basically support the
Speaker 1: agent for life, and they don't necessarily are They're not
Speaker 1: good for the investor. But even variable annuities and very
Speaker 1: very very very rare circumstances can help. But but we're
Speaker 1: talking about a fixed product. Everything is fixed is fixed.
Speaker 1: I got to take a break. I'm Tom Martine three
Speaker 1: oh three seven one three talk three oh three seven
Speaker 1: one three eight two five five. Go with a sure
Speaker 1: thing Denver's best roofer Excel Roofing dot com. You don't
Speaker 1: pay a cent until you're content. Time for an insurance
Speaker 1: check up free, no obligation. In comparison, call comp us
Speaker 1: insurance paying too much your coverage at dozens of insurance
Speaker 1: companies find out now three all three seven to seven
Speaker 1: to one help. You'll think you're his only customer when
Speaker 1: you choose Frank durand the real estate Man dot com
Speaker 1: to list your home with Remax Alliance three all three
Speaker 1: nine two zero sixteen twenty two. Hi Tom Wins, you
Speaker 1: know here? Have we done the figures Jordan on the
Speaker 1: guy that wanted to know? The guy of fifty five
Speaker 1: years old wanted to keep it in for ten years.
Speaker 4: Yes, so I did the figures on him. And I
Speaker 4: also want to run back to that forty five year
Speaker 4: old Jump on a second here, But the figures on
Speaker 4: the gentleman that was fifty five years old that called
Speaker 4: in through YouTube there is about if he did put
Speaker 4: fifty thousand dollars in once upfront and then let it
Speaker 4: go ten years, you're talking about almost almost about seven
Speaker 4: hundred dollars a month, almost close to one thousand dollars
Speaker 4: a month that this guy's going to get guaranteed for
Speaker 4: the rest of his life. Now, if he can step
Speaker 4: up a couple of years, you.
Speaker 1: Know what, think about how fast he would blow through
Speaker 1: fifty grand. That's a pretty damn good deal, That's.
Speaker 4: What I'm saying. I mean that age. And again, if
Speaker 4: you could wait a couple more years, then guaranteed at
Speaker 4: least minimum of a thousand, if not better in the market.
Speaker 4: So that's the beauty. Now. One thing I wanted to
Speaker 4: sturt back real quick, Tom, was that forty five year old.
Speaker 4: I kind of ran some more numbers just to kind
Speaker 4: of bullshit up a little bit more. And the best
Speaker 4: thing is that lumber I gave you that thirty five k.
Speaker 4: If the gentleman started at forty five, put one hundred
Speaker 4: thousand in and let it go all the way to
Speaker 4: seventy five. We said it'd be thirty five K year.
Speaker 4: That's if he left it into one product for all
Speaker 4: those years. Well, you know, Tom, we talk about laddering these.
Speaker 1: Yes, yes, yes, laddering.
Speaker 4: Them, and so if he ladders it just like we
Speaker 4: talk about our stress.
Speaker 1: Wait wait though, but Jordan explain in a very simple
Speaker 1: fashion what laddering is.
Speaker 4: You know, all it is is taking advantage of that
Speaker 4: bonus twice and basically just letting that money sit there
Speaker 4: grow for those ten years, so for forty five to
Speaker 4: fifty five, and then at that point take that money
Speaker 4: and roll it over again to a better one that's
Speaker 4: that's more situated for their time frame and to get
Speaker 4: that bonus again. So if that's what laddering is, it's
Speaker 4: basically just rolling it over to another annuity and so
Speaker 4: that way you have the NWDY letter out twice.
Speaker 1: All right, now, three, go ahead.
Speaker 4: Income we're talking about sixty K a year. I just
Speaker 4: want to make sure you're.
Speaker 1: Oh my god, so now you're at five thousand a month.
Speaker 4: Yes, and that was one hundred thousand step forty five.
Speaker 4: If he goes all the way up to seventy five.
Speaker 4: He's guaranteed at.
Speaker 6: Least, so in a year and a half you get
Speaker 6: your principal back. I mean, I know that's a crazy
Speaker 6: way to look at it because of the amount of
Speaker 6: years involved, but really, if you start pulling that money
Speaker 6: it's seventy five, after about one one year and six months,
Speaker 6: you literally already put your one hundred thousand plus back
Speaker 6: in your pocket. You live to be a hundred. Oh
Speaker 6: my god, I don't even know what the numbers would be.
Speaker 6: Someone do that real quick for me. If you're making
Speaker 6: sixty thousand a year for twenty five years, what.
Speaker 4: The hell is that one point five million?
Speaker 6: So your one hundred thousand turns into one point five
Speaker 6: million if in that scenario.
Speaker 1: You live to be one hundred. So I ran some
Speaker 1: numbers on the guy who wants to at sixty five
Speaker 1: pull that money out from and he's fifty five. He
Speaker 1: wants to leave it in for ten years. So based
Speaker 1: on performance of the S and P five hundred, if
Speaker 1: he did nothing but a stock fund, he would amass
Speaker 1: a He would amassed his fortune and be able to
Speaker 1: take out that same amount of income for fourteen years.
Speaker 1: So think about that. If he's sixty five plus fourteen,
Speaker 1: so he would run out of money at that age.
Speaker 1: Let me just do the man. He would run at
Speaker 1: seventy nine. And nowadays, as deputy doc, people are living
Speaker 1: beyond that. I'm sorry, doctor, not that old. Yeah, but
Speaker 1: in any case, if you're live well into your eighties,
Speaker 1: you still have that income, right, Jordan.
Speaker 4: That's the benefit, correct, and with no risk. Let's put
Speaker 4: the just make that clear that that other option you're talking.
Speaker 1: About it, well, yeah, yeah, but I'm talking about an
Speaker 1: S and P five hundred stock fund. Has it's it's
Speaker 1: never lost money over the over if people don't touch it.
Speaker 1: The problem is nobody does it ever ever. By the way,
Speaker 1: and I'm saying, you know, I'm not saying to do
Speaker 1: it instead of I'm saying it it actually doesn't doesn't
Speaker 1: make sense as you get older, but you're right, and
Speaker 1: you cannot live. And by the way, people when I
Speaker 1: say there's little or no risk, I'm not saying it's guaranteed.
Speaker 1: But let me explain something. If you look at any
Speaker 1: historic period of the S and P five hundred, the
Speaker 1: problem is no one does S and P five hundred
Speaker 1: stock index fund and keeps it there and never takes
Speaker 1: a penny out or ever moves it for different socks.
Speaker 1: No one has ever really done it that I know of.
Speaker 1: But if you do it, you can't deny that it
Speaker 1: has had historic, very good, solid returns. So so here's
Speaker 1: another thing. Okay again, Then there are people who do
Speaker 1: their own trade and they say, I don't want to
Speaker 1: tie my money. I do my own trading. Then someday
Speaker 1: I'll convert it.
Speaker 6: Or you have people again I'm segmenting these investors who
Speaker 6: invest in themselves. They're investing in their own business and
Speaker 6: they're making money. Of course, you can very well lose
Speaker 6: it as well, But I'm.
Speaker 1: Talking about people who have a solid business and say
Speaker 1: I want to invest in my business. So no one
Speaker 1: is advocating that you take all of your savings and
Speaker 1: put it in one thing, ever, But I just want
Speaker 1: to make that really clear. Well well three zero three,
Speaker 1: hold on, I just want to say this.
Speaker 6: I just happened to pull up a chart, so we're
Speaker 6: talking the S and P five hundred. I agree with you.
Speaker 6: Over enough time, of course, it always goes up. But
Speaker 6: if you decided to invest or, had you know stocks
Speaker 6: in the S and P five hundred around nineteen sixty
Speaker 6: eight to nineteen sixty nine, and you were looking at retirement, Well,
Speaker 6: it went down for sixty nine seventy nine. It went
Speaker 6: down for twelve years up till August nineteen eighty two
Speaker 6: before it started climbing again. So if you were sixty
Speaker 6: or seventy at that point, holy crap, man, you just
Speaker 6: went downhill for twelve years.
Speaker 1: Tom. Okay, Here's all I'm saying is is if you
Speaker 1: take the recent performance, I didn't go back that far, okay,
Speaker 1: but but that was one of the few periods of
Speaker 1: time where that happened. I am not saying the S
Speaker 1: and P. Five hundred is guaranteed. I'm just saying that
Speaker 1: there is not as much there's as much risk in
Speaker 1: the S and P five hundred as there is being
Speaker 1: flat in an annuity. So I'm not again, I'm not
Speaker 1: putting them against each other. But to be disingenuous, it
Speaker 1: would be disingenuous to say that tying up money in
Speaker 1: an annuity is guaranteed growth. Okay, it's it's a guarantee
Speaker 1: at a certain amount, but you can you usually underpace
Speaker 1: the market, usually in an annuity, but you exchange that
Speaker 1: for safety. That is the whole idea behind it. That's
Speaker 1: the whole idea behind it. That's the principle behind it.
Speaker 1: Everyone gives up something to get something.
Speaker 6: The more security you get, you also the less liquidity
Speaker 6: when you do an annuity.
Speaker 1: That's right. But there are places for an annuity, and
Speaker 1: there are places for stock funds, there are places for
Speaker 1: buy and holds. And by the way, there is something
Speaker 1: we never talk about, and that's bonds. Do you know
Speaker 1: why people don't get into income producing or really good
Speaker 1: bonds because they don't know their butts from a hole
Speaker 1: in the ground. And most and you heard me rail
Speaker 1: on this, and I'm sorry, I'm gonna rail on it.
Speaker 1: Most financial advisors they can't do bonds because they don't
Speaker 1: have any bond traders because they go to big advisors
Speaker 1: and put your money there and then do nothing but
Speaker 1: collective fee. Okay, so they don't They don't even know
Speaker 1: how to produce income for you if they wanted to.
Speaker 1: And there are plenty of bonds that if you did
Speaker 1: a good bond fund, you could get damn good income
Speaker 1: every year from the time you put it in. So
Speaker 1: there are all kinds of investments. Don't let anyone ever
Speaker 1: tell you that any one investment is good or any
Speaker 1: one investment is bad. Now, there are things that are
Speaker 1: not investments, like timeshare condos and things like that. I
Speaker 1: don't like when people mask thing things as an investment.
Speaker 1: Timeshare condos are never an investment.
Speaker 6: Okay, Now let's if you're on that other side of that,
Speaker 6: you're the one.
Speaker 1: Yeah, yeah, that would we developed when sure buy them
Speaker 1: from us. Now here's the other thing. There are certain
Speaker 1: things that are in investments that people call investments that
Speaker 1: piss me the hell off. One of them. There was
Speaker 1: one company one time buying cars trying to talk you
Speaker 1: into having these cars, saying that, and they're never an investment.
Speaker 1: But art art can be a good investment. But my god,
Speaker 1: here's the problem with those kinds of investments. Unless there's
Speaker 1: a conversion, unless there's a conversion from equity to income,
Speaker 1: you don't realize it. And that money is only as
Speaker 1: good as someone else puts value on it. But yes,
Speaker 1: it has been conventionally a pretty good investment. But when
Speaker 1: we're talking about true investments, okay, real estate, real estate
Speaker 1: can be an investment, but you can lose your shirt.
Speaker 1: I mean, the only thing you really can't absolutely positively
Speaker 1: lose your shirt on is when an insurance company steps
Speaker 1: up like an annuity and they say, Okay, you're not
Speaker 1: going to make as much and you're not going to
Speaker 1: have access to your money like you want, but we
Speaker 1: guarantee it. And that's where that safety. You pay for
Speaker 1: the safety, but you get something in return, just like
Speaker 1: you do when you do social security. And a lot
Speaker 1: of people aren't feeling so safe about that, are they. Anyway,
Speaker 1: We have more coming up on the troubleshooters. In fact,
Speaker 1: I'll put something out there. There are people who propose
Speaker 1: in the past, why don't you let private why don't
Speaker 1: you let private people invest social security and keep it
Speaker 1: out of the government's hands. People would retire with more money,
Speaker 1: and this is the truth, they would, but they have
Speaker 1: never done that.
Speaker 6: Yeah, because Uncle Sam couldn't dip into the funds.
Speaker 1: That's right, That's exactly there. We have more come in
Speaker 1: right up, go with a sure thing Denver's Best roofer
Speaker 1: Excel Roofing dot com. You don't pay a cent until
Speaker 1: you're content. Time for an insurance check up free no obligation.
Speaker 1: In comparison, call Compass insurance paying too much your coverage
Speaker 1: at dozens of insurance companies. Find out now three O
Speaker 1: three seven to seven to one help. You'll think you're
Speaker 1: his only customer when you choose Frank durand the real
Speaker 1: estate man dot com to list your home with Remax
Speaker 1: Alliance three oh three nine two zero sixteen twenty two. Hi,
Speaker 1: I'm Martino, your troubleshooter three all three seven to one
Speaker 1: to three talk three all three seven one three eight
Speaker 1: two five five. What's on your mind today? I'm gonna
Speaker 1: go to some texts right here, and someone wants to know. Oh,
Speaker 1: this is for deputy doc. Deputy doc, they had a bait.
Speaker 1: They were in labor. I know you hate talking about this,
Speaker 1: but but seriously, let's let's just give Uh. They were
Speaker 1: in labor in a hospital, and they were there for
Speaker 1: hours in labor, and they were concerned because the feudal
Speaker 1: heartbeat was a little slow. It turned out that's something
Speaker 1: about the umbilical cord wrapped around the babies neck or
Speaker 1: something and it, Uh, they're not sure, but it could
Speaker 1: be of deprived from oxygen and they won't be sure
Speaker 1: about brain development or harm or anything like that. Believe me,
Speaker 1: this is a long text. I'm summarizing that. I know
Speaker 1: there's a touchy subject for you, Doc, because you said
Speaker 1: that one of the biggest areas is when you give
Speaker 1: birth to kids. Man, you're blamed for everything. But what
Speaker 1: about that? Have you ever heard of that kind of
Speaker 1: thing happening? Is he there is? He?
Speaker 9: Yes?
Speaker 11: Oh, yeah, I'm here.
Speaker 1: Okay, I'm sorry, Doc, he is my mic on. Yeah,
Speaker 1: yes it is.
Speaker 11: So of course I've heard of that kind of thing happening.
Speaker 1: And it's it's pretty serious. Can you weigh in on it?
Speaker 1: As far as I don't know?
Speaker 13: I mean, all I can say is that oxygen deprivation
Speaker 13: to a baby in labor can cause significant cognitive defects. Okay,
Speaker 13: now it will not comment on whether or not in
Speaker 13: this case. That's nothing, right, right, Let's talk in general, Okay.
Speaker 1: Are there indicators that the babies oxygen? I mean, they
Speaker 1: don't do a blood ox on a baby because it's inside, right,
Speaker 1: So what do they do?
Speaker 11: Well, one of the main things.
Speaker 13: Is the heart rate, and you monitor the heart rate,
Speaker 13: and when you really are watching carefully, you monitor the
Speaker 13: heart rate and when there's a contraction. That's one of
Speaker 13: the main indicators of the health of the baby is
Speaker 13: how the heart rate reacts to a temporary decrease in
Speaker 13: blood flow, which is what happens during a contraction.
Speaker 1: Okay, So when he said the heartbeat was deteriorating a
Speaker 1: bit and he believes he didn't get in there in time,
Speaker 1: blah blah blah. See it is being an obg yn.
Speaker 1: Let me ask you this straight up. Is that a
Speaker 1: target for a lot of lawsuits? Oh?
Speaker 13: Absolutely, That's why I said when I did my last delivery, tom,
Speaker 13: I breathed the biggest sigh of relief because I never
Speaker 13: had a had baby and I knew that I wouldn't
Speaker 13: be sued for millions of dollars. Well now, and of course,
Speaker 13: let me just say one thing, that's one of the
Speaker 13: reasons why technically that baby can sue. Let's say there
Speaker 13: was malpractice, and it doesn't It doesn't manifest itself until
Speaker 13: later on. You I was legally obligated to keep my
Speaker 13: medical records for eighteen years in case that baby wanted
Speaker 13: to sue me later on in life. So until the
Speaker 13: age of majority, that child has the right or the
Speaker 13: parents have the right to sue the doctor if there
Speaker 13: was malpractice.
Speaker 1: Okay, three oh three seven one three talk three oh
Speaker 1: three seven one three eight two five five. So what's
Speaker 1: going on in your life? That's what we want to know,
Speaker 1: so please stay tuned for more. Go with a sure
Speaker 1: thing Denver's Best roofer Excel Roofing dot com. You don't
Speaker 1: pay a cent until you're content. Time for an insurance
Speaker 1: check up free no obligation comparison call Compass Insurance paying
Speaker 1: too much your coverage at dozens of insurance companies find
Speaker 1: out now three all three seven seven to one help.
Speaker 1: You'll think you're his only customer when you choose Frank
Speaker 1: durand the real estate Man dot com to list your
Speaker 1: home with Remax Alliance three all three nine two zero
Speaker 1: sixteen twenty two. Pay Tom Martino your troubleshooter three all
Speaker 1: three seven to one three dog seven one three eight
Speaker 1: two five five. Okay, So Jordan Kano's with us and
Speaker 1: I do have a question here, UH A text question.
Speaker 1: By the way, I should give that number out. A
Speaker 1: lot of people don't remember, but I am getting a
Speaker 1: lot of texts, but but I know that some of
Speaker 1: them are from the same peeps. Here's the UH Google number.
Speaker 1: By the way, it's it is my personal number, which
Speaker 1: means it goes to my cell phone. I can turn
Speaker 1: it on off when I want, but I keep it
Speaker 1: on most of the time. You can text me there
Speaker 1: seven four seven nine nine nine fifty two eighty seven
Speaker 1: four seven nine nine nine fifty two eighty. Then we
Speaker 1: have the short code which is the iHeart thing and
Speaker 1: it comes to me if you put Tom in it
Speaker 1: five seven seven three nine five seven seven three nine
Speaker 1: and uh what I What I want to ask you
Speaker 1: is somebody wants to know overfunding life insurance. That's another
Speaker 1: product you do where you overfund life insurance on purpose
Speaker 1: and it becomes basically a cash value account, and it's
Speaker 1: a policy value cash value, and it grows tax free
Speaker 1: until you take it out, but you can I shouldn't
Speaker 1: say that, because you you even have ways people can
Speaker 1: take it out later on in life and never pay
Speaker 1: tax on it. But let's just talk about this. Somebody
Speaker 1: wants to know. They said you mentioned one time that
Speaker 1: you did this as a young man and use it
Speaker 1: to buy a car.
Speaker 6: How long does a policy have to be in effect
Speaker 6: before you can borrow from it?
Speaker 4: Jordan, Great, great question. So two answers. One would be
Speaker 4: if they're doing a lump sum to kickstart, is basically
Speaker 4: moving many from their left pockets to the right. They
Speaker 4: have money at savings and something like that. That money is
Speaker 4: accessible day one up to ninety five percent of that number.
Speaker 1: They okay, so but wait, they have to leave enough
Speaker 1: to so if they put money in, like if it's
Speaker 1: a young person, let's say they they or they get
Speaker 1: gifts for graduation or whatever. Let's say they have twenty
Speaker 1: five grand or something. Now, if they put twenty five
Speaker 1: grand in there, a certain amount is going to go
Speaker 1: towards the policy, right.
Speaker 4: Right, Well, and that's where I was getting that. You know,
Speaker 4: that'd be a lump sum with some kind of monthly contribution.
Speaker 4: You know, if if they did just a lump sum
Speaker 4: one you know, that's where it gets a little bit
Speaker 4: more on the weeds that the tax re status that
Speaker 4: are kind of talking about earlier there. But let's just
Speaker 4: say for the simplicity, money they dump in there as
Speaker 4: a lump sum and they pay and one hundred dollars
Speaker 4: a month, two hundred.
Speaker 1: Dollars whatever it may be.
Speaker 4: Yeah, that money, that lump sum, that's twenty five thousand
Speaker 4: in your example, up to ninety five percent of that
Speaker 4: number they could borrow day one.
Speaker 1: Wow, and wait a minute, so they can borrow that
Speaker 1: and then pay themselves back with interest. You can add
Speaker 1: to that, yep.
Speaker 4: So that's basically twenty four thousand almost that they could
Speaker 4: take out of that twenty five they could use put
Speaker 4: it down payment just like I did, like you said,
Speaker 4: with vehicle purchase it outright basically. But the key is
Speaker 4: to treat it just like any other loan, like you're
Speaker 4: talking about, pay themselves back at the same monthly payment
Speaker 4: they might have paid the first bank.
Speaker 1: So's so if you're if you're the policy loan let's
Speaker 1: say is four percent, let's say or five or whatever
Speaker 1: it is, then you charge yourself more than that, right.
Speaker 4: Right, yeah exactly, or you know, treat it like it's
Speaker 4: uh yeah exactly, you shot yourself like five percent, six
Speaker 4: percent and just pay it monthly or if you have
Speaker 4: to stop for a little because of the holidays.
Speaker 9: You've got that.
Speaker 4: Freedom now that you get to dictate because the insurance
Speaker 4: company is not going to knock on your door for
Speaker 4: that money. They know you're you.
Speaker 1: So when you pay more for that extra interest, then
Speaker 1: starts growing tax free for yourself.
Speaker 4: Correct, you got it.
Speaker 9: You know.
Speaker 4: The key is to pay that loan down and then
Speaker 4: aything extra and above that goes right into your cash value.
Speaker 1: So when you bought your first car, how much did
Speaker 1: you borrow from yourself?
Speaker 4: Yep, so it was a cheap ninety nine meet on
Speaker 4: ninety nine cheap con character rato sixteen years old, so
Speaker 4: it was about it's about five to seven thousand, I
Speaker 4: can't remember the exact bodies off five and.
Speaker 1: You paid yourself back and you put more than that back.
Speaker 4: Correct over three years from sixteen to nineteen, paid that back,
Speaker 4: So I had the full money in there, had extra
Speaker 4: from all the interests of the bank would have been
Speaker 4: collecting from me. And at the end that money was
Speaker 4: earning interest over those three years as well. And that's
Speaker 4: kind of again when we meet with people who show
Speaker 4: them that power, that that money was still earning five
Speaker 4: percent interest the whole time, basically even though you have to.
Speaker 1: So now you didn't have a car loan, but you
Speaker 1: had your own loan. But does that help build credit?
Speaker 4: It does, because, uh, if you're doing it away where
Speaker 4: maybe somebody couldn't pay for the whole car upfront, or
Speaker 4: you're doing it the right way where you maybe you
Speaker 4: borrow money only for six months or so on so
Speaker 4: forth you can still through credit and then paid off
Speaker 4: with your policy loan.
Speaker 1: So it's okay, I see what you're saying. If you're
Speaker 1: all right, we're we're running out of time for this hour.
Speaker 1: Get your calls in three all three seven one three
Speaker 1: talks seven one three eight two five five. Go with
Speaker 1: a sure thing Denver's best roofer Excel Roofing dot com.
Speaker 1: You don't pay a cent until you're contenth time for
Speaker 1: an insurance check up free, no obligation. In comparison, call
Speaker 1: Compass Insurance paying too much your coverage at dozens of
Speaker 1: insurance companies find out now three all three seven seven
Speaker 1: to one help. You'll think you're his only customer when
Speaker 1: you choose Frank durand the real estate Man dot com
Speaker 1: to list your home with Remax Alliance three all three
Speaker 1: nine two zero sixteen twenty two.
Speaker 2: Ripped off news need advice?
Speaker 1: Who you don't have?
Speaker 2: Come running just as fast as we can. Shooter's gonna
Speaker 2: help me.
Speaker 3: Come man, This is.
Speaker 1: The Troubleshooter Show. Now Tom Martine, Hello Tom Martino here,
Speaker 1: and I welcome you to the show. Three oh three
Speaker 1: seven one three talk three all three seven to one
Speaker 1: three eight two five five welcome. I am humbled by
Speaker 1: the way, and I appreciate the reaction I've gotten. Many
Speaker 1: of you have texted and emailed and called me about
Speaker 1: Wave eight Wealth Management, and I appreciate it. I recently
Speaker 1: UH did a public company registered financial advisory firm with
Speaker 1: the Securities Division of Colorado and decided to do what
Speaker 1: I've been doing for myself for the last six years
Speaker 1: or so when I bout out of the financial investment
Speaker 1: industry because I hated it, and I just to put
Speaker 1: my own spin on it, and it was really easy.
Speaker 1: And I hope you all take this to heart. About
Speaker 1: ninety eight zero point nine percent of every financial advisor
Speaker 1: out there, they they're not really advising you. I mean
Speaker 1: they're they're being friendly and they're nice. They're good people.
Speaker 1: And I'm not saying people are being cheated. They're not.
Speaker 1: But they're not getting the attention for them for their circumstances.
Speaker 1: It's not them. They group you with a large portfolio
Speaker 1: advisor and then they make a fee. They're like a
Speaker 1: remax broker, and you can ask if your people take
Speaker 1: part in that TAMP program turnkey asset and program, and
Speaker 1: it's management program, turnkey asset management program where they turn
Speaker 1: key to someone else. And if you want the personal attention,
Speaker 1: I'm an open book. You can ask me anything, and
Speaker 1: if you want to be part of US Wave eight
Speaker 1: Wealth Management, you can call me at three oh three
Speaker 1: seven seven to one help seven seven one four three
Speaker 1: five seven, or you can go to our website Invest
Speaker 1: with Martino dot com. It's actually Waveeightcapital dot com, but
Speaker 1: you can get there. Invest with Martino dot com. And
Speaker 1: in fact, if you need a fixed indextinuity, which some
Speaker 1: people do because they're getting to that age, we have
Speaker 1: a great relationship with Joe and Jordan uh and have
Speaker 1: no problems referring people when they need that, because as
Speaker 1: you get older, you want that security. We also have
Speaker 1: an exclusive a bond trader who can help you with
Speaker 1: bonds at earlier ages whatever you want. The point is,
Speaker 1: it's what you need and what you want, not grouping
Speaker 1: you with a bunch of other people. And unfortunately most
Speaker 1: of the really high net worth people get that kind
Speaker 1: of treatment. They don't get that personal wealth building treatment. Jordan,
Speaker 1: your dad and I talked about that, and that's one
Speaker 1: of the things that you know that he doesn't do that.
Speaker 1: I'll guarantee you he doesn't do that because he gets
Speaker 1: to know each and every person and he's been doing
Speaker 1: it a long time. Uh, that's why he became a
Speaker 1: financial planner, he said, because he wanted to look at,
Speaker 1: you know, what they're doing as a family. And then
Speaker 1: he started doing the.
Speaker 4: What's that you saw? The saw you just like what
Speaker 4: you said, you saw the the negative side of it.
Speaker 4: But people were getting lumped in, and that's what my
Speaker 4: father actually, that's the main reason why he kind of
Speaker 4: got out of that was because of the I'm just honest,
Speaker 4: it's just, uh, you're absolutely right. People a million dollars,
Speaker 4: you wouldn't even be surprised something we haven't come in
Speaker 4: and they say, I haven't heard from the Financial Reserver
Speaker 4: since I invested with them.
Speaker 1: Or even if they do hear from them, they don't
Speaker 1: know squat about what they're doing.
Speaker 4: No, they get paid when the market's up, they get
Speaker 4: paid when the market's down. It's a percentage, just like
Speaker 4: you said, and that pays that either way. So started
Speaker 4: to cut you off there, But yeah, that was the
Speaker 4: main reason, was exactly what you just had that goode.
Speaker 1: And then so Joe told me he decided he was
Speaker 1: going to focus himself and on where people start to
Speaker 1: get older and they need to have security, they need
Speaker 1: to have something guaranteed. And I know for a fact
Speaker 1: that you guys don't lump some people and you look
Speaker 1: at each and everyone. Don't you have like fifty seven
Speaker 1: different annuities that you can choose companies?
Speaker 4: Yeah, nuity companies. That's what I have actually, yeah, yeah,
Speaker 4: So if each company has probably ten or a dozen
Speaker 4: or so different annuities with each one based off of
Speaker 4: anybody's parameters. But you're right on point. We look at
Speaker 4: your particular situation, you know, if you're looking to take
Speaker 4: money immediately, it's just like deputy doc. We have products
Speaker 4: that specialize for them, and we run it against all
Speaker 4: of those companies to see what is going to pay
Speaker 4: the highest. Because some companies are better for some people
Speaker 4: in certain states, some read for certain ages. So that's
Speaker 4: what we kind of focus on, is just specializing it
Speaker 4: for you. And again I just won't make a good point.
Speaker 4: The whole idea is not to put every pennyon dollars
Speaker 4: in one area. You know, we look at the full
Speaker 4: picture for you, you know, look at how we look
Speaker 4: at that and then see investments.
Speaker 1: You know, one thing we talked about and we always say,
Speaker 1: you know, the reason annuity's got a bad name is
Speaker 1: because of the variable annuity. But I want to mention
Speaker 1: something even the variable annuity. Now I'm not recommending it
Speaker 1: for anyone getting toward older age at all ever, but
Speaker 1: I want to explain what it is so people understand it,
Speaker 1: because I think people miss it's I don't mean to
Speaker 1: give it a bad name, it's just it's for very
Speaker 1: very few people. Mark would be great for that Hysta
Speaker 1: early and he's young enough too, or when he was
Speaker 1: younger being better because he does his own trading. And
Speaker 1: people that do their own trading, my god, can they
Speaker 1: make out with one of these? Don't do it. For
Speaker 1: if someone else trading your money, don't do it. It's
Speaker 1: not worth it. But what a variable annuity does is
Speaker 1: basically allows you to invest your own money inside this annuity,
Speaker 1: so you become the investment person. And if you don't
Speaker 1: have knowledge, you're gonna get or if you let other
Speaker 1: people do it, oh my god, the fees are outrageous.
Speaker 1: But if you have a regular variable annuity, like let's
Speaker 1: say a Mark guy did it, and all that money
Speaker 1: you just made on Tesla money he makes on his stock,
Speaker 1: that's all tax free. That's all taxed, you know, or
Speaker 1: tax break. Yeah yeah, no, but it grows. I mean
Speaker 1: I guess it was. Yeah, it doesn't have no mark.
Speaker 1: It does not have to be qualified money. Oh okay,
Speaker 1: that's why I'm talking about a variable annuity. That's the
Speaker 1: beauty of it.
Speaker 6: You literally can trade inside your own annuity tax deferred,
Speaker 6: and it is incredible the wealth people can build. But
Speaker 6: I guess I don't understand that at all. So you're
Speaker 6: saying someone can go to a annuity and like a
Speaker 6: million dollar annuity, trade inside it even though the money
Speaker 6: was never or the money was already taxed.
Speaker 1: I mean, it's's right rich, So all the growth is
Speaker 1: tax deferred. Correct, Wow, No show.
Speaker 4: And then I just want to echo that other point
Speaker 4: real quickly. And the main difference is you said about ours,
Speaker 4: the fixed one. The company takes on more risks so
Speaker 4: that you have that floor, so you can never go negative.
Speaker 1: With the mark. You can lose your shirt on a
Speaker 1: on a variable.
Speaker 4: Oh but but you can think is you can also
Speaker 4: make more. That's the other side of it, right, You
Speaker 4: can make more in the market, just like you're talking about,
Speaker 4: and so.
Speaker 1: You can change your investments in and out and all
Speaker 1: of that. So so so, like I said, it's not
Speaker 1: I would say it's for me. Be in my opinion,
Speaker 1: four percent of the investors out there, maybe that's fair.
Speaker 1: I don't know, that's or fine.
Speaker 4: That are definitely more specialized on their.
Speaker 1: Own right and and I don't I personally, this is
Speaker 1: my own personal opinion. And as a financial advisor, I
Speaker 1: can say this. I mean I looked into it. I
Speaker 1: don't think you should let a financial advice. It's for
Speaker 1: somebody like Mark. I mean, it's for someone like and
Speaker 1: I know a few people like him, people who like
Speaker 1: dabbling with their own thing man, because that gives them
Speaker 1: that if they have the knowledge, they can put that
Speaker 1: knowledge inside a variable product that gets them almost like
Speaker 1: a qualified account. For God's sakes. It just it grows
Speaker 1: exponentially and it's a wonderful thing. So that is and
Speaker 1: then as you then you're going to have to figure
Speaker 1: out how you want to draw it out. But Jordan,
Speaker 1: there are some people who have taken that money in
Speaker 1: a lump sum and put it into a fixed indextinuity. Afterwards,
Speaker 1: you know.
Speaker 4: Absolutely absolutely you're right, So there's just time and place
Speaker 4: for what people want. I think you said it in
Speaker 4: the very beginning of this conversation, which was it's just
Speaker 4: kind of I look at age as a big driving
Speaker 4: factor for that, and you're right on point with that being.
Speaker 4: The financial side is just you know, people don't want
Speaker 4: to have that five to ten yure risk. But anybody
Speaker 4: that's younger, you know, they need to kind of step
Speaker 4: up a little bit extra. And a lot of those
Speaker 4: index annuities, i'd say it's sub forty five, you're under
Speaker 4: the day to forty forty five. You know, these variable
Speaker 4: products would be a great tool and instrument for you.
Speaker 4: It just might be something changed down the road because
Speaker 4: the fees and the surrender charges.
Speaker 1: And then, by the way, with that variable annuity, if
Speaker 1: you never switch it over, you can still take a
Speaker 1: lifetime income. They annuitize it at such point that you
Speaker 1: want to innuitize it, denmark it becomes your income product,
Speaker 1: and you know, then you just pay tax on the
Speaker 1: income and that's it. They also have optional riders you
Speaker 1: can take on them that have a death benefit and
Speaker 1: all things like that. Now, I don't want people running
Speaker 1: out saying that's what I want. That's what I want,
Speaker 1: because really, like I said, I think it's safe to
Speaker 1: say more people have been burned by them than have
Speaker 1: made money because they hear about it and it sounds attractive.
Speaker 1: But you don't ever want to overestimate your knowledge, you see.
Speaker 1: And that's one thing that I have to chastise myself about.
Speaker 1: Years ago. I trusted people to just say, you know, oh,
Speaker 1: this is what you need or that's what you need,
Speaker 1: and never got personally involved. I was always, you know,
Speaker 1: because I had my broadcasting business and I had real
Speaker 1: estate and all that stuff, and I felt like, you know, well,
Speaker 1: I'll let them invest my money. They're know what they're doing.
Speaker 1: And I had that sad wake up call that unfortunately,
Speaker 1: the investment industry got almighty. Everywhere you look, there's people
Speaker 1: who say they're investment advisors, and yet very few of
Speaker 1: them are investing. I mean, that's just the truth of
Speaker 1: the matter. They're not. So anyway, there are products that
Speaker 1: are guaranteed, there are ones that are not. As I said,
Speaker 1: you always trade something for something. There are some that
Speaker 1: are very high risk and high returns, but then those
Speaker 1: high risks can bring big losses. So what you want
Speaker 1: is reason there's no magic. And that's why it always
Speaker 1: bothers me when people always say I got this investment
Speaker 1: or I got that investment, but are they doing it right? Also,
Speaker 1: scams start out that way. Everyone's telling you, Hey, you know,
Speaker 1: I got this idea, this is a great thing I'm doing.
Speaker 1: I'm doing but they're not really doing it. They're just
Speaker 1: make when they say they're involved in it, they're making
Speaker 1: money to bring you into that investment. Sometimes, and that's
Speaker 1: what we have found a lot on this show over
Speaker 1: the years, people who get involved in an investment thing.
Speaker 1: When people say oh, yeah, I'm invested to or I'm
Speaker 1: in this too, what they mean is they're involved in it,
Speaker 1: but the only way they get involved is they get
Speaker 1: a piece for everybody they bring in. We had a
Speaker 1: guy one time in Parker. There's more than this that
Speaker 1: the promisory notes scam. Now, the promisory notescam is perhaps
Speaker 1: one of the biggest scams there is in the investment world.
Speaker 1: It's still going on right now. In fact, I had
Speaker 1: it offered to me not more than a year ago.
Speaker 1: Now there are some that are legit, but very few
Speaker 1: of them. We'll talk about those and more coming up.
Speaker 1: Plus your phone calls first, always on the Troubleshooter Show,
Speaker 1: go with a sure thing Denver's Best roofer Excel Roofing
Speaker 1: dot com. You don't pay a cent until you're content
Speaker 1: than time for an insurance checkup free, no obligation. In comparison,
Speaker 1: call Compass Insurance paying too much your coverage at dozens
Speaker 1: of insurance companies find out now three oh three seven
Speaker 1: seven to one help. You'll think you're his only customer
Speaker 1: when you choose Frank durand the Real Estate Man dot
Speaker 1: com to list your home with Remax Alliance three oh
Speaker 1: three nine two zero sixteen twenty two. Hi, Tom Martino,
Speaker 1: you're Troubleshooter. As Mark always said, if you're not streaming
Speaker 1: the show now and then even if you listen on radio,
Speaker 1: you're crazy because we get there's so much inside info
Speaker 1: that we don't necessarily put on the air of cusses
Speaker 1: all the time off air. Yeah right, Hey, Bill has
Speaker 1: a question? Go ahead, Bill? What's your question? Sir? Are
Speaker 1: you there? Bill?
Speaker 3: I'm basically the same age as you are when and
Speaker 3: how much?
Speaker 9: Wait?
Speaker 1: The same age as Mark. No, you he's eighty two,
Speaker 1: you're seventy one.
Speaker 3: No, I'm seventy two.
Speaker 1: You old fart, don't you dare say you're my age? Okay,
Speaker 1: go ahead, Bill?
Speaker 3: So when and how much do you have to start
Speaker 3: taking out?
Speaker 1: I can't get what are you talking about?
Speaker 9: For what?
Speaker 1: Bill?
Speaker 3: I got mine in an iora. Now I figure but
Speaker 3: when Trump takes over off?
Speaker 1: Talking about forced Yeah? Bill, are you talking about minimum
Speaker 1: required distributions? Yes? Okay, seventy three years old?
Speaker 3: Yeah, I figured that.
Speaker 1: But wait, wait, wait, wait, now listen, remember there are
Speaker 1: there are some things you don't have to take the
Speaker 1: required minimum distribution from and and so, And it's only
Speaker 1: one distribution, no matter how many accounts you have, so
Speaker 1: you get to choose where you take it from. But
Speaker 1: some don't count if you take it from them, and
Speaker 1: some do. George, do you know more about those? Yeah?
Speaker 4: So basically, I mean, as you're talking about, you just
Speaker 4: have to have a percentage taken out of all of
Speaker 4: your qualified money.
Speaker 1: And that's right.
Speaker 4: That's ira for one case, and you can search yourself online.
Speaker 4: This a percentage that goes by every year. So it's
Speaker 4: seventy three, you know, seventy three, and then seventy four,
Speaker 4: and it gradually increases each year. That percentage that the
Speaker 4: government wants you to take out because they're drooling for
Speaker 4: that money.
Speaker 1: They want to tracks on it.
Speaker 4: Right, So that's that's the meaning. But you you you
Speaker 4: can do it in one account, you can do it
Speaker 4: all spread across multiple accounts.
Speaker 1: The keys.
Speaker 4: You just have to get that full percentage out otherwise
Speaker 4: they hit you with that big that big wop in
Speaker 4: fifty percent sometimes.
Speaker 3: So who who keeps track of it? If you take
Speaker 3: it out of that good question?
Speaker 1: The I R s whoever's holding your IRA?
Speaker 4: I have to say your IRA where? If it's with
Speaker 4: a reputable company, most companies are all going to be yeah.
Speaker 1: But but the truth, the truth is, it's like everything
Speaker 1: unless you're audited or they're they're not. It's it's not
Speaker 1: something that is is that tight like you might think
Speaker 1: it is. It's just like paying capital gains taxes and
Speaker 1: all of that. It'll catch up to you. You never
Speaker 1: want this one to catch up to you, because this
Speaker 1: is one they look at more than any But it's
Speaker 1: not automatic. Okay, it's got to be caught. It's not automatic.
Speaker 3: I'm with Vanguard and every time I call to ask, well,
Speaker 3: they don't they don't.
Speaker 1: They don't call the cops on you because they don't
Speaker 1: know and by the way, I don't I have. I'm
Speaker 1: sorry you were a vanguard, but that's another story. Here's
Speaker 1: the bottom line.
Speaker 3: Well that's what they had at work.
Speaker 1: Well okay, but but you're not at work anymore, or
Speaker 1: and you should have taken that out a long time ago.
Speaker 1: But I don't want to get into it right now, Bill, because,
Speaker 1: as I remember, you know everything. So here's the deal, bro,
Speaker 1: what you want. I'm just kidding. Here's what you want
Speaker 1: to do, Bill, seriously, Okay, when it comes to required
Speaker 1: minimum distributions, you take it from the one that's growing
Speaker 1: the least that it's that easy. You take it from
Speaker 1: the most poor performance one.
Speaker 3: Correct, Well, mine's all stock.
Speaker 1: Well yeah, but but I'm sure is it all in
Speaker 1: one account?
Speaker 3: Bill, Yes, it's in one account, but it's all it's
Speaker 3: I got about thirty different stocks.
Speaker 1: Okay, are they all Okay? But in one account. So
Speaker 1: what you would have to do is, if it's still
Speaker 1: in stocks, you would have to liquidate. But you would
Speaker 1: want to liquidate the least performing ones in order to
Speaker 1: get your minimum required distribution. So you're gonna need it
Speaker 1: in a year. You're gonna need to calculate that, and Bill,
Speaker 1: and I mean this sincerely, you can always call me.
Speaker 1: I swear to you free of charge, I mean, and
Speaker 1: I can help you with that or patter one of
Speaker 1: my people can help you at least tell you where
Speaker 1: it's best to take it from no charge. I'm not
Speaker 1: trying to sneak you as a client, but really the
Speaker 1: other thing you need to look at our fees. Please
Speaker 1: look at your fees.
Speaker 3: You can roll it over into something else because I
Speaker 3: really don't even need the money.
Speaker 1: Well, I know, but you can't roll it hold on,
Speaker 1: don't but but don't make a mistake rolling it over.
Speaker 1: It doesn't get you out of minimum required distribution.
Speaker 3: I mean, like to one of your guys, is something
Speaker 3: like that, Well.
Speaker 1: You could, you could get an annuity or something like that,
Speaker 1: but go with a sure thing. Denver's Best roofer Excel
Speaker 1: roofing dot com. You don't pay a cent until you're content.
Speaker 1: Time for an insurance check up free, no obligation. In comparison,
Speaker 1: call Compass Insurance paying too much your coverage at dozens
Speaker 1: of insurance companies find out now three out three seven
Speaker 1: seven one help. You'll think you're his only customer when
Speaker 1: you choose Frank durand the real estate man dot com
Speaker 1: to list your home with Remax Alliance three oh three
Speaker 1: nine two zero sixteen twenty two. Hey Tom Martine here
Speaker 1: three oh three seven one three talks seven one three
Speaker 1: eight two five five. So I'm gonna tell you about
Speaker 1: some tax deductions you probably don't know about. How about condoms?
Speaker 1: The government is now allowing condoms to be itemized if
Speaker 1: you itemize your deductions. Of course, to itemize medical expenses,
Speaker 1: you only get to deduct things that exceed seven point
Speaker 1: five percent of your adjusted gross income, but you can
Speaker 1: include in that condoms or any form of birth control.
Speaker 1: Now that's the government putting their money where their mouth is, right, saying, hey,
Speaker 1: let's try to control it and we'll let you deduct it.
Speaker 1: And if I asked you if there's something there, there's
Speaker 1: something called have you heard of this mark chaos? Packaging Chaos?
Speaker 1: It's weird. Sounds like a new model for Tesla, the
Speaker 1: Chaos Is it really? Or are you kidding? No? But
Speaker 1: it sounds like it would be oh yeah? Or remember?
Speaker 1: And do they still have the ludicrous mode in the uh? Yep?
Speaker 1: I love that company? I really do? Are you are
Speaker 1: you gonna get another Model que By the way, I'm.
Speaker 6: Not looking to sell mine right now, but yes, absolutely positively.
Speaker 1: I will get at A. My next will be a plaid. Yes, yes, yes, yes,
Speaker 1: I want. I want an electric car. I've wanted one,
Speaker 1: you know, I wanted one last time.
Speaker 6: But Tom, I swear to God, you can ask Suzanne.
Speaker 6: I use autopilot to work from work. I use autopilot
Speaker 6: virtually everywhere. I absolutely love it.
Speaker 1: You do it by the month, right, Yeah?
Speaker 11: I saw you my Hyundai.
Speaker 1: Yeah, you know what I'm thinking. I don't it most
Speaker 1: likely would be a Tesla if I go that route,
Speaker 1: because they've just they've just written the book on it.
Speaker 1: But I just Steph voted me down last time, you know,
Speaker 1: I mean, I just.
Speaker 6: Well, a lot of people just they're just afraid of
Speaker 6: the uh I'm not going to say afraid of the technology,
Speaker 6: but maybe that is actually.
Speaker 1: I mean a freak drought. So I took her and
Speaker 1: my son's because I got my son that for his
Speaker 1: sixteenth the little Model three, and I took her for
Speaker 1: a ride and she absolutely hated it. She said, I
Speaker 1: can't hear anything, and and it was like the breaking
Speaker 1: you know, I mean, you didn't have to break and
Speaker 1: she didn't. She just I think it was just so new.
Speaker 1: I don't know. I loved it, and she said it
Speaker 1: accelerated too quickly. So what do you do about that?
Speaker 1: I mean, I have no idea what you do about that?
Speaker 1: I mean, you don't have to accelerate quickly. I guess
Speaker 1: what I was trying to do is show I might
Speaker 1: have not been the best person to demo this car.
Speaker 6: Here's what I love about it. You walk up to it,
Speaker 6: you get in, and you go there's no key. Uh,
Speaker 6: there's no turning it on. I mean, everything is so normal.
Speaker 6: When you come to a stop, you simply get out,
Speaker 6: go into the store. It does everything else.
Speaker 11: What do you mean there's no turning it on? You
Speaker 11: saw the press a button right?
Speaker 1: Not with a Tesla? No? No, you got a card
Speaker 1: in your wallet? Oh really? No, not even that. It's
Speaker 1: your phone. Oh okay, I have a card that he
Speaker 1: gave me for his car. But he probably because he
Speaker 1: can program that card to limit you down. You probably
Speaker 1: didn't know that. No, I have sarone. I have to
Speaker 1: pick it up or do something. Yeah, it's all for
Speaker 1: a valet as well. Yeah, so, but he has it
Speaker 1: on his phone. I guess. And here's the deal man.
Speaker 1: We've not done, you know, with the Hyundai I have
Speaker 1: for my daughter. It's a nice car, but and it's
Speaker 1: been under warranty. But there's always a little something to do.
Speaker 1: There's nothing to do on the Tesla. Nothing.
Speaker 6: I mean, well that's another thing. Maintenance, gas stations. You
Speaker 6: know how nice it is not to have to stop
Speaker 6: at a gas station and then the maintenance. I've got
Speaker 6: about forty thousand miles.
Speaker 1: There's nothing to do.
Speaker 6: I haven't done one single thing. Here's what people go.
Speaker 6: I have heard this from listeners. Oh I heard they
Speaker 6: have more recalls than anything else. Well, yeah, that's true,
Speaker 6: but a recall is a software.
Speaker 1: You park it in your driveway. Well, well, because they
Speaker 1: asked him to. You know, you got to be where
Speaker 1: the satellite can reach you. Anyway, Let's let's talk to uh,
Speaker 1: let's talk to a Jay real quick. Jay, go ahead.
Speaker 1: I'm sorry Jay for waiting, and Bill will get right
Speaker 1: to you. Jay. What's happening, Hike, Tom?
Speaker 8: Hey, my daughter's house just cuts some upgrades. She went
Speaker 8: from an old, old furnace to a high efficiency and
Speaker 8: added air conditioning high efficiency. I wondering do you think
Speaker 8: there's any Excel rebates or any tax credits that are
Speaker 8: special for doing that?
Speaker 1: Might well, the contractor should have known about those, but
Speaker 1: yes there are.
Speaker 6: I believe contractors though, do not participate.
Speaker 1: Oh that's true.
Speaker 8: Whatsoever?
Speaker 6: Yeah, it's kind of weird that way. I've learned that
Speaker 6: years ago. They the person you use has to be
Speaker 6: signed up with Excel or with whomever the electric company
Speaker 6: is or the gas companies. So you got to make
Speaker 6: sure that those people do it, because if they installed
Speaker 6: it and they don't participate, I don't think you can
Speaker 6: get the rebates, which sucks because who really cares? I mean,
Speaker 6: you should be able to, as a homeowner get them,
Speaker 6: but you can't.
Speaker 1: You know why, because he wants to make sure. Let
Speaker 1: me let me ask you a few questions. Jay, you're
Speaker 1: in Excel territory right, Yes? What what brand? What brand
Speaker 1: did you go with?
Speaker 8: I believe the.
Speaker 1: Okay? And and it's an h VA C together is it?
Speaker 1: When you say high efficiency you mean ninety five?
Speaker 8: Yeah, they're both top of the efficiency ratings.
Speaker 1: Well who did you use I'm going to look him
Speaker 1: up right now, and they're who did you use?
Speaker 8: Master?
Speaker 1: Not who.
Speaker 8: Master Services, Master plumber.
Speaker 1: They're called Master Services.
Speaker 4: Yeah yeah, yeah, they used to yeah yeah, yeah yeah Master.
Speaker 1: You know the plumbing guys. You're great? Is that our
Speaker 1: guy like master? Uh? Yeah? Now they're called Master Services? Okay?
Speaker 1: Is that Tony? It is? And I'm look at you
Speaker 1: right now.
Speaker 6: I don't know if he's I don't think he's going
Speaker 6: to be part of it though.
Speaker 8: Oh I was sucking.
Speaker 1: I'm looking right now. He might be. I don't know.
Speaker 6: I'm trying to figure out where to look on excels. Honestly,
Speaker 6: you'd be shocked how many of these companies aren't. And
Speaker 6: they each have their own different reasoning, and I don't
Speaker 6: know what those reasonings are.
Speaker 1: Okay, uh, they're okay there. If you have a ninety
Speaker 1: five percent, I will tell you what is available. It's
Speaker 1: a three hundred dollars on the furnace, and there is
Speaker 1: a that's about it. I think there is another one though.
Speaker 1: Excel Energy's whole Home Efficiency program offers a one time
Speaker 1: rebate of twenty five percent of the rebates already received
Speaker 1: for each qualifying measure completed. That's for a whole house thing.
Speaker 1: But right off the bat, there's a three hundred dollars rebate.
Speaker 1: But you know, I'm going to tell you something that
Speaker 1: I'm proud to say. If you use Master Services, you
Speaker 1: probably how do we say this, Mark in the delegates
Speaker 1: supple to.
Speaker 6: Say, he probably saved more than if he went with
Speaker 6: a company that was exhausted and got the rebate.
Speaker 1: Exactly exactly, And that's kind of the truth of the matter. Bro.
Speaker 1: I think that you more than made up for it.
Speaker 1: And I'm looking right now. I finally Tony's got some
Speaker 1: dirt cheap prices. Man. Uh, well, okay, he does, I
Speaker 1: promise tell me about Okay, hold on, she had a
Speaker 1: complete ninety five percent system installed. Is that what you're saying?
Speaker 8: Yep?
Speaker 1: And it was heating and air Is that right? They're
Speaker 1: not on here, by the way, what other kind of work?
Speaker 1: What other kind of work was done?
Speaker 3: Nothing?
Speaker 8: They didn't just just furnace swap.
Speaker 6: Well, you got to understand if she didn't have high
Speaker 6: efficiency before, there is a lot more to it, that's right,
Speaker 6: but not not much.
Speaker 8: I will I looked it over. There's a there's a
Speaker 8: small TVC event that probably would take me literally.
Speaker 1: I love when people say stuff like that. Yeah, yeah,
Speaker 1: according to according to code, But but let me just
Speaker 1: ask you how much hold on, bro, how much was
Speaker 1: the system? We don't hide from that. How much?
Speaker 8: No, No, I'm in at about seventeen g's.
Speaker 1: Do you okay? Hold on? You got a complete AC
Speaker 1: HVAC system ninety five percent ream for seventeen grand.
Speaker 8: And there's a problem with the AC that I don't like.
Speaker 8: That didn't come up either, So what wait?
Speaker 1: What there's what.
Speaker 5: Is a problem with it?
Speaker 1: Did you say there's a problem with the system?
Speaker 8: Well, I'm upset about not knowing something about it. My
Speaker 8: brother brought it's I got a good deal on it.
Speaker 1: Because seventeen grand's a great deal. But hold on, man,
Speaker 1: I gotta come back, tell me what the problem is.
Speaker 1: Right after this, we got more coming up.