Sleepless Nights, Jet, & HouseHack | Meet Lauren Reacts.

hey everyone me Kevin here and meet

Lauren hi it's been a minute since

Lauren has been on YouTube and we're

bringing her back today to confront

Lauren on a lot of questions that you

all have had and first of all Lauren

what have you to say for yourself where

have you been I think that's the biggest

question is where has Lauren been I've

just been hanging out being a mom yeah

so I don't know I kind of stopped

because I feel like my content maybe

wasn't so interesting

um as you know a stay-at-home mom so

that's kind of why I step back I'm also

trying to get pregnant as it was when we

last or when I last had a video so I

feel like still trying yeah still trying

it'll happen one day I think people

would love to see you like the behind

the scenes of Lauren behind the scenes

of what it's actually like with two

children and what you do on a daily

basis and even just your thoughts on

design I think I mean I I think you've

got great opinions yeah I mean that kind

of was what it was initially was the

behind the scenes aspect of my life and

I'm your wife and you know raising the

kids while you're working and then you

come home and then we get together and

we're a family but I felt like it kind

of got repetitive so I mean unless I had

some type of big subject uh moments to

incorporate I don't know I don't know

that was kind of generally what I was

thinking that's why I stopped so you're

saying you were lacking clickbait yeah I

mean I used your name as best as I could

but I mean I can only do that so much so

one big thing that also comes up is a

people saw that you also signed on the

debt for this plane that now we have

yeah how do you feel about how did how

did you remotely think this was okay

well um it's been a thought for a while

in your mind and last year not yours

that's pretty clear it's been help him

last year you you wanted it too and I I

know you've said this like a broken

record but it's it's definitely for a

business purpose it's not at all for

leisure or vacations not that we

wouldn't do that too but it's it's for

business and last year when you had

talked about it it didn't make sense at

the time even still it scares me a lot

but I will say that this was an

opportunity this year to uh you know

kind of just go for it

um I kind of told you just as when you

were starting out in real estate you

know you kind of have to spend money to

make money and you made a few pretty big

purchases in the beginning that were it

was a lot of money to us uh buying a few

Hugo Boss suits and I kind of think this

is the same thing to scale if you want

to slingshot yourself into a different

category or caliber you have to make a

big move sometimes and I I feel like

this was a much more appropriate time to

do so so I did sign off of it or I said

yes and I yeah not that you wouldn't

have done it anyway but I mean I was

supportive at least this time it made

more sense look your opinions are super

valuable to me and it's so interesting

that you bring up the Hugo Boss suits

because now we've got just a wardrobe of

those but you're right when we were

saving up money working at Red Robin and

Mrs Fields and Jamba Juice before that

you know an 1100 suit at the time that

was huge that was like that was a lot of

our money was going into oh it's a suit

and so there was always this argument

about well why get a Hugo Boss so why

not go get like a Nordstrom Rack one or

whatever not that there's anything wrong

with with Nordstrom Rack right but uh it

was that it was uh buying the brand new

Prius and wrapping it it was doing a TV

commercial with a lot of our net worth

at the time we spent a ton of money on a

TV commercial yeah and I will say like a

lot of people were trying to discourage

us uh and you you know specifically with

these purchases because especially in

Southern California the Realtors here

they don't have this standard of needing

to dress like you're on Wall Street with

nice suits and everything like that a

lot of people are in jeans in a nice you

know colored shirt or whatever it may be

and that is totally fine but to you know

make an impression and you know maybe

Excel a bit further I feel like

sometimes these purchases are quite

necessary yeah and and I think one of

the differences too about you had sort

of touched on it this we weren't ready

last year with with a plane was that we

look at our travel in 2022 and sure we

went on family trips but how much

business travel did we do not much

nominal nominal business travel like it

was strictly this is just business uh I

think this year it's going to be

completely the opposite oh you got a

full schedule like every week it's going

to be insane and I think it's going to

be fun and it's going to be great for uh

everybody the content I think is going

to be amazing and very educational I

think it's generally going to be really

amazing and awesome yeah I think it's

wild I think last year we had maybe five

trips where sure we conducted business

as well as went to family destinations

but this year we're probably looking at

somewhere around 200 days of flying yeah

if what we found was if we wanted to go

to as many different City as possible

for househack to find the best areas at

the best opportune times we had to get

educated really really fast for housing

the last thing we want to do is spend

five years I think trying to figure out

oh where do we want to buy or worst case

go too fast and buy somewhere that's not

appropriate right and be in a situation

where well the market bottom was then

yeah yeah there has to be basically

studying for a test in a sense is you

need to be prepared for when you want to

actually have your test which is when

you want to buy in this scenario and

when you pull the trigger in buying

these houses for house hack you need to

be really educated on these markets and

the different areas and that's what all

this is so it's it's all education

prepping ourselves for pulling the

trigger now we're going to be vlogging

that experience when we'll be posting it

here on the channel as well you were

actually with us on our first flight I

was yes I am feeling a lot of people are

going to be asking for you to be on all

of the flights can we get you on all of

the flights right here can we get a I

know I mean that's the thing I actually

would love to be involved more with the

the weekday flights but the problem is

is that I have to pick up my kids from

school and and deal with homework and

all the the things related to kids I

can't sacrifice a big day or multiple

days doing that I don't want to be away

from them so much maybe a random one

here there so it might be like a lucky

few that I go during the weekday now

that is also based on the original

schedule that we have now which is uh

generally the beautiful thing about this

plane is it's going to enable us for a

relatively low variable cost about 1500

bucks a flight hour which if we fill up

the plane could work out to as low as

like 300 bucks a ticket kind of

incredible if you think about that round

trip for an hour destination away here

at Arizona and back variable cost 300

bucks that's remarkable really really

neat but the current schedule we have is

uh 11 to 7 which that's not too

conducive for the kids no so I think one

of the things that might be able to get

you on more flights and I want your

opinion obviously on it is if if we

maybe move that up and maybe what if we

took off at 10 and we were back at 3

right and then with the people who were

shadowing us we showed them the podcast

Studio the Blackboard Studio we we had a

barbecue with them here so that way we

had a mix of both we had the people who

were shadowing us coming to our

destination flying with us we land in

Oxnard it's 15 minutes away and we come

hang out at the studio but that could

potentially enable you to come with us

more am I right but you're definitely

right I actually would be very

interested in coming on more flights if

that were the case I have to pick up my

younger son at uh 1 30 and my older one

at 2 40 I think it is so if I had my

parents as an example pick them up and

just hang out for you know a couple

hours and then I I'm back in a timely

manner I think that's definitely doable

and I'd love to help I think the last

trip was really fun and I learned a lot

tell us about it we went to Gilbert

Arizona which I had never heard of

before didn't look up anything about it

basically just went into it thinking

like um it's probably going to be like

just you know you're pretty negative

about it I was like I don't know I don't

want to seem like a negative person but

I just self-admittedly I didn't know

anything about it and I just kind of

thought like oh it's probably just going

to be an average city I was blown away

that was an amazing City I was mostly uh

very impressed by how family friendly

this city was which I think is really

really important so I really liked it

you know you get a lot of people I've

noticed online who say things like Okay

Kevin I get it you're gonna do your

YouTube stuff in the morning and your

ETF stuff in the morning and then in the

afternoon you're going to fly for Real

Estate but but why Fly For Real Estate

you could just have somebody send you

matterport links and you could just zoom

with people you know resume real estate

agents you know let them FaceTime you

around what's your response to that I

think you really need to be there I mean

obviously having matterport's helps to

some some degree that does help but

actually actively being in the city

going to the neighborhoods feeling or

like the parks and how they feel so you

know family friend friendly the kids

going around even going from one block

to another me scene and difference of oh

it got like noticeably less good in this

little pocket area and then oh it's back

to good again those are things that you

can't actually get from a matterport you

physically have to be there it was

really incredible I mean there were some

areas all of a sudden I actually went

down the wrong Street uh I made the

wrong turn yeah we decided I'm not

allowed to drive anymore which is

probably better anyway uh but we end up

in this neighborhood and there are all

these man-made Lakes they literally have

doc homes yeah I'm like I thought this

was just desert yeah yeah and they like

put fish in the lakes for a recreational

activity for the people who live with

the dock homes and like that's brilliant

like it's incredible and I mean uh but

then you would also you'd go from Like a

downtown area like downtown Chandler

versus downtown Gilbert some real

differences in terms of the area right

around the downtown which is actually

really important because we learned that

the best place for airbnbs are close to

downtown and that Gilbert might have an

edge over Chandler

however you've got this potential Airbnb

bubble if we actually walk into a

recession here what's your take on that

this potential of maybe I mean does it

make sense that people would go to less

airbnbs if hotels were let's say

discounting prices and then what if

people uh over you know went into buying

real estate deals with too high of an

expectation of what they could get in

terms of rent I mean the problems are

Airbnb specifically yeah we're both or

long-term I mean imagine somebody goes

in and this is my sort of a thesis I

have imagine somebody says I'm going to

buy a 600 000 house in Gilbert Arizona

and I would maybe uh I'm gonna put five

percent down or ten percent down or

whatever I'll live there for a year they

move out then they're like oh I'll

Airbnb it uh now they look at Airbnb and

they say oh I'm cash flowing a couple

thousand bucks a month whatever the

numbers might be but if Airbnb dries up

they might have to turn it into a

long-term rental and then they look and

go oh crap I'm negative cash flow

because my loan is too large or my rate

is too high I need to sell it and the

demand for the airbnbs are no longer a

thing so that yeah yeah I mean that'd be

a problem I I'm worried about that

happening so that's one of the things

when we're looking we're trying to make

sure we don't end up buying in areas or

buying types of properties that are

still walking into a bubble we've really

got to find the bottom yeah I don't

think you could do that over Zoom what

about you no I don't think you can and I

think that there are different scenarios

that could create a problem what you had

just said about uh there being a bubble

and it affecting the Airbnb uh cash flow

I also think um this kind of a different

city topic but I think it's important to

note is that you know you look at Las

Vegas or you look at Summerlin and you

have an aspect of oh I could buy this

and get this house and have this cash

flow like this but then they build a new

development and then it just completely

like you know that's that's gone and

done with and now everyone moves to that

one and is like what do you do with this

property that I have nobody wants

because they want the new one because

there's constantly uh you know flow of

new properties being built so different

things in a certain city could affect

the market as we all know

um so yeah you just have to watch out

for those things yeah I did think that

was interesting we're by no means Vegas

real estate experts but one of the

things we did see is Henderson used to

be the family go-to area and then it

became Summerlin what if now we're going

to build another Community there's just

so much land and it's just that's I

think more the culture there is like

let's have the new hot thing and I don't

see that so much in Gilbert I really see

this community feel that once you kind

of get grounded you want to stay and

there's not so much the expansion of the

new city and the new hot things yeah and

now keep in mind we've only been there

once to Gilbert so these are just

initial Impressions that we have and

this was our first stop so we're looking

at going from here to another 150 cities

so our thoughts are probably going to

evolve a lot yeah but I think we can say

with certainty Gilbert's one we're going

to be coming back to yeah and that's the

thing you know we get a good feeling

about one that's not the one time we're

going to be there you have to

continually educate yourself every time

you go there you'll probably find a

handful of new things that were not seen

before so it's important to go back to

those cities that you think are special

I'm a a big fan of regularly being a

local when it comes to real estate even

when you finally do end up buying

somewhere you want people to know you're

always there for example if let's say we

ended up deciding to buy uh in in

Summerlin let's say we got convinced

we're like we're going to buy in

Summerlin and in Gilbert we're going to

buy both of those we think we can get

good deals in those areas then what

we'll probably do is uh be there on a

weekly basis going to the realtor broker

tours going to the open houses going to

uh see the new listings on the market

every single week so that way a it's

easy for us to get there and be back

with family and have our barbecue at our

podcast Studio or whatever but then also

the agents know oh they're local yeah

they're not all Foreigner they are here

they've got an office here an outpost

here we want to do business with them

because they're looking and we

personally know how important that is to

have these good relationships with the

local agents uh as you know we were both

Realtors we went to the Caravans we're

but anyway we went to those weekly and

you get to know the agents and you get

to know the area even better you get to

know kind of you know more secretive

things like oh you wouldn't want to go

there because blah blah blah like oh

this actually happened to my buyer I

didn't even know that about this complex

because you know my buyer went through

those are where you hear the details

that you wouldn't ordinarily know or

hear about oh all the time I mean you

you go through a broker to go oh I hate

you know I see you here every week and

just you know that neighborhood over

there that street and that street they

took the uh rebar out of the foundation

when they went to build them but the

other side of the street is good it's

that kind of local knowledge you're not

getting on a zoom call you're not

getting on matterport there's a reason

in my opinion you get Invitation Homes

and BlackRock that they get a bunch of

money and they just park it in real

estate buying deals the way they are

they'd all fix them up they're not hand

selecting wedge deals they're just like

all right we got all this money we gotta

allocate 50 mil to that market 50 mil of

that market 50mm it's very different

from what what we plan to do with

househack which is really hand selecting

the best of the best yes we're excited

about that I'm excited about it yeah

you're going to get to train a lot of

our local property managers that we have

there uh that's our current construction

and property management team when they

relocate uh or start servicing different

areas whether they're traveling or

hiring people locally you're going to be

doing a lot of training how do you feel

about that I am excited to help I

definitely need to back my mind like

think if I have a baby but you know I'm

going

but I then I'll just step in more yeah

yeah I do want to help

um I would love to contribute yeah I

think you're going to be awesome you're

going to be a great part so Lauren

initially we were pretty nervous about

the whole plane idea because we're doing

our budgeting we're like oh yeah we we

can make this work uh even in sort of a

worst case scenario but it'll be more

tight and I think that left you

initially a little bit more nervous we

ended up still making the decision based

on that so we decided to buy the plane

and finance the plane which is like a 76

000 a month payment just for the loan on

the play right we decided to go for that

before we even had this new idea that

took a lot of your nervousness away and

I don't know if you were super nervous I

mean you were obviously not nervous

enough to say don't do it obviously

optimistic enough to say yes but what

was this new idea that got you so

excited to where now you're you have no

nervousness left almost yeah

um well let me just say that I I do

think that and this isn't any

correlation to me having hope in the

business or How likely I am to think

it's going to succeed because I really

do believe that it it will but I'm I was

about like 70 nervous I'm generally more

nervous than not 70 nervous I'm a big

Warrior this is um a big cost and it

scared me a lot but again that didn't

correlate to me thinking that there

wouldn't be success it just it's scary

it's a big purchase but I will say

implementing the shadowing

um aspect of it made me feel a lot more

secure

about this financial uh you know big big

thing coming in yeah and I think it's

it's worth noting that uh house hack our

real estate startup isn't buying this

plane we are right we are signing on it

we are taking the the liability on it uh

so we have so much faith in our three

businesses that even with Lauren's 70

nervousness correct me if I'm wrong but

yeah but even with that you're like yeah

the the potential we have in these

businesses is such that it is worth this

substantial personal risk that we're

taking yeah to go forward yeah but now

what you're saying is you're you're so

you're willing then but now your

nervousness has relaxed a bit because it

seems like it 20 now oh wow yeah that's

maybe just me inherently being nervous I

don't know no I mean that's that's a big

difference though yeah yeah I was like

like getting sleepless nights regularly

because it was scaring me a lot yeah

well hey you know what that's that's

what happens when you take that

entrepreneurial risk and yeah and you're

on the boat with me

so tell people what what is this

shadowing thing we're doing so basically

the shadowing uh thing is where you are

given an opportunity to uh go along on a

Day's Journey to a particular real

estate area and Shadow Kevin and the

team and kind of get a feel as to what's

going on ask him questions make you know

little videos with him whatever you want

to do to get knowledge or or whatever

your you know motivation for doing that

is that's your opportunity to do so to

come on board and and join us for a day

yeah so basically there's a link down

below where you can sign up and join and

Shadow me for a day so you'll come to

California you'll come to uh the Oxnard

airport and we'll fly out of there you

don't decide what the destination is

we'll we sort of have a preset itinerary

of where we're going what we're

coordinating with agents some flights

could be as short as 15 minutes some

flights could be as long as two or three

hours but either way you're buying the

opportunity to Shadow me for the whole

day so if we're going somewhere that's

short we might spend more time at the

destination we might spend more or less

time on the plane but the goal is we'll

meet at the airport we'll fly somewhere

we'll look at real estate together then

we'll potentially whether we have dinner

there or not we might come back to the

studio and explore the studio have a

barbecue here that sort of depends we

don't know which interns or which staff

or which researchers or whether Lauren's

going to be there or not we're not clear

on that per day since I think we kind of

make those decisions more last minute

but uh yeah I think it's going to be a

really interesting experience for people

to Shadow us the neat thing is there's a

lot of downtime because you are sitting

on a plane for a while you are driving

in cars to different destinations for

Real Estate so that's pretty fun and

we'll have a great opportunity to uh to

catch up about anything uh Finance or

stocks yeah I think that's important to

note too because even though we are

looking at real estate if you have a

different interest that you want to talk

to Kevin about like like you said

there's down time to talk about those

things obviously if you're interested in

real estate this is you know Prime

opportunity but you could have any

reason why you wanted to join yeah and

and so going also back to Lauren's

nervousness I I think it's fascinating

to look at the numbers uh for us the

plane is probably something that runs

about two hundred thousand dollars per

month is is the way we're looking at you

know 76 of that is about the mortgage

and then about 124 is pilot salaries

hangers Insurance maintenance hourly

costs gas whatever Wi-Fi Wi-Fi Wi-Fi at

that like with a data cap is five grand

a month that's great can you imagine

paying five grand a month just for Wi-Fi

and it's plain Wi-Fi too they say it's

5G but come on it's just playing 5G uh

Hey more opportunity to talk then maybe

that's a not a bad thing right we need

starlink that way we can live stream

from the oh yeah we're gonna look at the

sticks live streaming yeah but then

they're gonna charge us even more but uh

the point of that is uh just to just to

break even I mean if if people are

shadowing for a cost just to make the

numbers easy a 4K let's say uh we're

looking at just for for Break Even

purposes what is that that's 25 times

two that's that's 50. 50 shadowers have

to come with us to break even every

single month yeah that's per month yeah

there aren't that many days in a month I

know well you'll be flying a lot yeah

we'll be flying a lot yeah so uh

fascinating okay so we talked plane we

talked Gilbert a little bit uh what do

you think about uh my latest schedule

this idea that I have of filming more in

the morning and then trying to escape

the studio which I never really did

during covid but escape the studio like

we did yesterday where it's hey no no

anxiety to make videos it's the phones

are off the phones are away yeah and we

get to go do something with the family

and the kids or whatever yeah I mean I

think it's it's great I think that it's

always continually been a thing of

figuring out balance with you uh working

hard it's working a lot is in Kevin's

nature and I respect it that's awesome

not everyone's like that but I do think

that this new plan can incorporate a

good amount of balance so I'm optimistic

about it and it's wild because we're

doing so much more not only is it now

YouTube videos but then it's ETF it's a

lot of wonderful people that are working

with us now helping yeah it's flying

it's the real estate startup people are

wondering how how do you balance it at

all yeah yeah there's just not enough

hours in the day right yeah it it has

always felt that way I think this new

schedule of only doing my videos in the

morning from 4 AM to about 8 30 in the

morning is so good because it frees me

up to where the rest of the day I could

just focus on working with people that's

research that's traveling for real

estate and talking to folks with our

shadows whatever but that's really good

because one thing that I noticed and I'd

love you to chime in on that is when I

was always thinking about making videos

there was always this like underlying

sense of anxiety like uh should I go

step aside and go make a video you know

you're at like Disney World and you

could sense that demeanor with him too

even even if he wasn't vocalizing it so

if you have that card cut off I think

that's a good thing I think so because

give me an example like is it like a

Disneyland oh there he is going filming

again yeah yeah like oh before we go on

this ride like you guys just go get a

snack and I'm gonna film in this corner

it's like I'm not hungry but okay or

it's just you know the scrolling during

the lines or whatever of researching and

what else are you gonna do talk oh

um but it's just stuff like that and I'm

very very forgiving of it I've always

said to Kevin that I will be the most

forgiving person of him working hard

because I know he has to do it it's

something in his mind he has to do it as

long as the the workload doesn't affect

you being mean or unkind or or something

like that which you're very very good

about being kind so yeah yeah I I have

personally noticed that when I have that

hard cut off and I tell myself so I mean

even today there's this there's a piece

of content uh I'm getting just excited

and anxious about it thinking about it

right now like oh I gotta make a video

on that it decides it's gonna be a great

video it's gonna be a one out of ten

which is like a way of YouTube saying

like it's a good video right uh it's

your best one out of the last 10 videos

is how that rank works and uh so I'm

excited to make that but I've told

myself no no I didn't get it done by 8

30. so what am I going to do that'll be

the first thing I film at 4am yeah I

have more content for the next next

morning now you will Implement some

breaking news here or there I'm assuming

oh gosh yeah I mean don't get me wrong

if if there's live breaking news or

whatever then but then I've told myself

how I'll I can only do it if I go live

okay so so that way it's not that prep

work the pressure of a recorded video is

very different from live yeah because

with live you just you roll with it when

when when stuff isn't working it's like

ah excuse me sorry this is messing up or

whatever you just fix it really quick

and keep going people are forgiving of

that yeah with a prep video which one

thing goes wrong all of a sudden you're

like ah start the whole video over you

know you actually can't do live stream

so you kind of roll with the punches a

bit uh more uh really you're talking

title thumbnail in your life there's no

upload placing the ads the cars the

description the tags you can even have

your wife like sneak in a plate of food

or some coffee here or there if you ever

see a random hand that's me you've done

that so many times I know yeah no I

don't think I'll even forget ever the

Jan six riots oh man yeah two years ago

was that a 10 hour live stream that was

a long one yeah 10 hours of of uh just

sitting there I mean Lauren's bringing

the bedpan back and forth oh gosh yeah

diapers yeah no and you know what every

time I do that I am still shocked to

this day and knock on wood that it won't

happen but I open the doors and I'm just

crossing my fingers and I tell the kids

like hey be quiet I'm good he's live

streaming I'm gonna deliver this food or

whatever but you know kids mom or

whatever it's yet to happen so that's

good but if it does you know whatever

yeah it is what it is yeah and usually

when I hear the door I'm already like

so uh okay so uh you have the balance

has I don't really know that word what

that means yeah yeah so we have trying

your best H and Megan

yeah oh gosh I don't know why that rubs

me the wrong way that they refer to him

as H but okay it's weird we're only like

20 minutes yeah yeah kind of wild I will

say we uh yesterday downloaded uh Elden

ring and uh we I think we played what

maybe eight minutes of it yeah I didn't

like it no I didn't like it either yeah

we're like I know it's really popular

let's go watch H instead and then we

just fell asleep yeah what's wrong with

us I don't know maybe we need to get a

nice shot I don't know another shot of

of tequila to like prep to play that

game yeah no now we want to play

um crap what is it called the Grand

Theft Auto yeah that's always a good one

yeah uh oh I got a notification this

morning that actually finished down oh

okay I don't know what it is but you go

to we have we have an Xbox and

Playstation we haven't played virtually

but 10 minutes on either of the systems

that have been sitting there for six

months we also have DDR which we haven't

even unboxed I was a really good DDR

player in Middle School my older brother

he's four years older than I am I would

play all the games that he would play

and he got obsessed with DDR so I

naturally did too I get I was like acing

the heavy modes I'm really excited to do

it now I'm definitely like much more out

of shape but it's a good workout so

that'll get you in shape yeah the PS2 we

got off eBay yeah actually turns on I

love that game so they gave me the

memory card for the PS2 it's like this

big and it's eight megabytes or megabits

it's like sad yeah anyway so what uh

okay now I want to talk personally uh

why uh okay last year I said that if in

the next three weeks Tesla goes

pre-split to 750 per share that uh we

would buy a new house yeah and it did it

went to like 770 and then it's been

straight down since then yeah but

literally the goal I made of this like

80 price jump it was some like

outrageous claim that in three weeks it

would go up 14 and it literally did uh

of course again down since then but uh

where's that house Lauren uh I wish

actually it happened the problem is is

we have a select few that we're

interested in and we did go house

hunting we did go house hunting and

we're actively trying to talk to people

the houses weren't for sale we just

really really want these specific houses

and everyone said no and then

um that was about that's that yeah so

but well I think it was yeah it was

around this time uh no it was this was

April of 21. yeah we've got to be clear

about that not April of 22 that was

April of 21 because then what happened

is everybody said no April of 201 then

we got to the because it's been a while

since you've made videos so we're doing

some years of catch up here that's crazy

it's 20 23. then we get into the end of

2021 beginning of 22 and we're like no

no the real estate Market's about to

dump yeah we sold our real estate yeah

and one of them called us hey we're

ready to sell that what did we tell them

yeah well also too let me yeah we said

no but the thing was why I wanted a

different house so badly is because we

were getting so many people coming to

our home and it was very intrusive and

it was scaring me so that's luckily died

down a lot since you know the governor

thing is over that was I think peak time

when it was really happening a lot and

so um yeah then kind of things changed

it kind of actually worked out in our

benefit that we weren't able to buy a

house during that time and now we say

there's one house only one that if even

if it's a bad Market there's one it's

like the dream house I don't know if

even with the bad Market maybe not but

like gosh that would that would be the

one that's enticing to where we'd have

to like stop and have a discussion about

think about it yeah so what okay let's

go back to the beginning of 2022 we're

upstairs in the master bedroom naked of

course always naked yes

I walk up to you and I say we gotta sell

all of our homes we're even gonna sell

our own home and rent it back oh what

did you say to that well uh we talked a

bit about the reasons why you wanted to

do that I said no matter what though I

am against the idea of selling our own

home I don't want to be a tenant uh to

the home that we've established and

we've owned for many many years now I

don't want to revert back to that but

basically with everything that you had

said to me that night I thought it made

sense and I'm really happy that we both

went through with that because it was a

good decision we've always been of the

mindset that it's much better to buy

real estate and wait and just just hold

it through no matter what the market

Cycles are we had a very very unique set

of circumstances where we saw the macro

cycle changing substantially in in

January and we decided almost overnight

yeah to sell all of our real estate yeah

and so we sold all of our real estate uh

our closings were all between March and

I want to say may Yeah by by the

beginning of June about the first week

of June we were done selling all of our

properties we had at the time 22 rental

properties and five that were not

rentals so that meant with units some of

our we probably had somewhere around 26

27 tenants all in Southern California

Coastline real estate so it was it was a

big portfolio yeah it was somewhere

around 20 25 million dollar portfolio of

real estate properties and we sold all

that quickly yeah which a lot of folks

say well wait a minute now you're going

to be subject to these these capital

gains uh but we also knew that there was

a potential that wait a minute we might

at the end of the year personally like

us taking the liability right by a plane

that can now offset some of our capital

gains so that's a unique circumstance

that was a unique circumstance that was

a huge factor in me feeling like the

plain purchase was a good idea right

because now we don't have those capital

gains to worry about because you can

completely write off a plane uh on top

of that we we also want uh to make sure

that there's no impression that anybody

thinks we are competing with our real

estate startup for rental properties so

if we had our own rental properties uh

and then let's say a fixer-upper comes

up we didn't want anybody to think oh

Kevin and Lauren are going to buy the

best for their own portfolio and then

give the second pickings to house hack

yeah so now we are in a position where

our only real estate investment for the

time being in Into the Future here is is

going to be house hacked aside from

family property so that would be the

house my dad lives in our own property

and then the one we use we're filming

out of now yeah yeah and yeah we said we

hope to be done personally with rentals

uh under you know our own family we

would like to put everything in house

hack yeah so in other words we will not

be landlords ourselves anymore but

obviously we'll be operating landboards

for houses for the company bringing all

of our experience over there which is

kind of exciting I mean how does it feel

not to be a landlord your last nine

months you know you've been waiting for

house hack but you know I know you've

been doing a lot of thinking for house

hack I know you're sitting there three

hours a day just just plotting for house

hack yeah how's it what's it been like

not getting all those tenant phone calls

you know honestly me having had all the

tenants it really I had such a Groove

and a flow in a certain kind of set

thing that I did with every tenant in

every property

it was a smooth sailing ship so I will

say obviously I don't have a workload of

making contracts or anything like that

but relatively like the phone calls and

the emails they were they're pretty

nominal and um so yeah I mean obviously

now it's nothing so it's it's a

difference but how many hours a week

realistically uh it sounds like it's

pretty low uh do you think you actually

worked for property management for 26

tenants

was there a re-rental or no no no

assuming no re-rental I'll explain the

difference in a moment just regular

day-to-day average hours per week

gosh I mean I'd say maybe like 30

minutes a day 30 minutes a day that's it

that's it so you're managing 26 units

with 30 minutes a day yeah yeah so if

you wanted to work uh let's say an eight

hour shift in Property Management you

could have 16 x the units you could have

had 200 tenants yeah and worked a

full-time job and yeah it needs to be

clarified though that this is a a

certain basically formula that we've

created to allow us to have such a

smooth sailing ship uh you could hear

from other property managers that it's

quite different but you know we had

certain standards that we really really

wanted to implement so I think that all

kind of played a role in why it was so

little per day yeah an example of that

to clarify yeah I could an example of

that is you uh what we do is we don't

just buy properties and then rent them

out we're and then a lot of landlords do

that and we're not saying that's a bad

strategy but a lot of people will buy a

home and they've got so much Capital

that they've got to put into the deal

for their down payment that they they

don't really want to spend money on

fixing up the property and that's not

necessarily a bad thing you just rent it

out and then the theory is I'll just fix

stuff when it breaks we never had that

thesis every single property of ours we

would buy we would generally buy

properties that needed work and needed

some love and then we would fix them up

to uh I would say a very well above

rental grade standards our properties

were not by any means rental grade they

were they were very very nice very nice

properties uh they all had consistent

flooring consistent cabinets consistent

pain it was all the same formula so it

was very easy to keep these up same

appliances everything and we would make

sure that when since we had such a good

product we chose the best tenants to fit

those that product yeah and it really

made the workload aside from re-rentals

what Lauren's talking about with

re-rentals is somebody has to move yeah

and then we've got some problems right

we've got to show the property we gotta

you know give uh uh do inspection

contracts yeah arrange for a fix up or

whatever inspections that that

definitely UPS the workload you know

everyone you know so you have one then

two and it's in three it just like you

know gets more and more per day yeah if

you've got multiple rent re-rentals

exactly it's like okay then now you

start maybe now you're maybe working a

couple hours a day instead of just 30

minutes a day but that was even far and

few between and that's the great thing

too with this formula is people want to

stay you know we create uh this product

that is so desirable and so nice and we

also have it at a rental price that is

not extremely unfair we are also not the

type which I know a lot of other

landlords do this after the first year

they get you in at a you know a decent

Market rent and then they just up it to

the max amount and then people feel

trapped and that upsets them it creates

bad relationships with the landlord and

the tenants it's just generally a bad

feeling so we really wanted to have uh

you know generally good product and

respect the tenants

um yeah so in our belief you can have a

win-win landlord-tenant relationship

where the tenant feels like they're

winning the landlord feels like they're

winning everybody wins the the

adversarial nature of landlord tenancy

we don't think is necessary and it's not

a model that we uh partake in so we're

we're pretty excited about uh the future

of househag

um and uh and bringing all of our

formulas uh to house hack one last thing

I want to touch on is Lauren what do you

think I mean I hear it all the time

people say oh but Kevin now if you're

going to try to do single family at

scale you're not going to be able to

find enough wedge deals what's your

response to that I think there are

always wedge deals um I think that'll I

will say that a lot of them just get

snatched up super quickly but I think

that that's where our expertise comes

into play and being so we snatch them up

and being involved again in the local

community of Realtors because they give

you those pocket Deals they get to know

you it's like oh he's so desirable to

work with he was so easy I would rather

choose him and even you know tell my my

client hey he's offering whatever five

grand less but he is so easy to work

with and he he does everything to make

it as smooth as smooth as possible and

that's how we got a lot of our deals so

well I mean we would be able to go to

Sellers and say we will close this deal

but that's one thing when a buyer says

that it was another thing when the agent

was able to tell their sellers yeah they

do close their deals I've done like

three deals with this guy I mean he

always does so easy yeah whereas you

could have a different person that maybe

offers more but then they're out of the

area out of the area they get all fussy

about inspections or whatever it may be

it could be a prolonged process it could

just be a nightmare versus it being very

easy right and that's why we found it so

important to make sure that when we do

diversify to the markets we pick that we

are in those markets regularly every

week uh and and I can't do that and have

a family life and run a YouTube channel

and be able to do my live CPI or fed

Reserve streams without El Plano that's

the thing yeah so uh we do think that'll

give us a substantial competitive

Advantage for for what we're creating if

anybody's interested in learning more

about house hack the solicitation is at

househack.com this video is not a

solicitation that is uh but uh I I

really want to ask you if you can leave

a comment down below make sure you

remind Lauren to either go post on meet

Lauren and come back or do this more so

leave a comment Down Below on that

Lauren any final thoughts it was nice

talking with you this is fun I I enjoyed

it so um yeah if you have any questions

about anything that you'd like to see us

talk about I'm happy to do this again

all right perfect what about the

wallpaper I think it's cool we're a

little zoomed in right now like almost

kind of right up his nose it's right

under his nostrils

all right that's Ben Franklin for you

back there and we'll see in the next one

thanks so much for watching bye