Latest / The Steve Harvey Morning Show / New Homes: Advantages of buying Tiny Homes. The dos and don'ts. Pricing and construction.

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New Homes: Advantages of buying Tiny Homes. The dos and don'ts. Pricing and construction. · The Steve Harvey Morning Show

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Speaker 1: Hi, I'm Rashaan McDonald, a host of weekly Money Making
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Speaker 1: Conversation Masterclass show. The interviews and information that this show
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Speaker 1: guest button. Fill out the information to us, submit and
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Speaker 1: it comes directly to me. Now, let's get this show started.
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Speaker 1: My guess is a serial entrepreneur and authority on taming homes.
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Speaker 1: They're officially called accessory dwelling units. Now well, Amazon is
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Speaker 1: now selling a two story tiny home for under fifty
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Speaker 1: thousand dollars, complete with bacconies and picture windows. Can you
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Speaker 1: believe that my guess is personally built and renovated over
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Speaker 1: three hundred and fifty homes and encounter the frustrations that
0:48
Speaker 1: arise when contractors failed to meet the expectations.
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Speaker 2: Buckle up, it's tiny home time. Please.
0:54
Speaker 1: Welcome to Money Making Conversations Masterclass. Paul Dryshevski. How you doing, Paul?
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Speaker 3: Thank you, Thank you for having me. Rashan. Great to
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Speaker 3: be with you.
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Speaker 1: Okay, Paul, I got to get this question that accessory
1:05
Speaker 1: dwelling units when it stop being tiny homes.
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Speaker 2: Man, tiny homes works so many brother.
1:12
Speaker 3: Yeah, well you and I were talking about that. I
1:14
Speaker 3: like tiny homes. I like granny flats. That was good marketing.
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Speaker 3: Now they're accessory dwelling units, which is a mouthful. So
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Speaker 3: let's call them ad us. We call them ADUs out
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Speaker 3: here in California.
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Speaker 2: Okay. Cool.
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Speaker 1: Now I'm based in Atlanta, Georgia, and I've been aware
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Speaker 1: of Tony Holmes for years. I remember I was in Houston,
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Speaker 1: where I'm also living. Houston in twenty seventeen. They was
1:34
Speaker 1: creating tiny home communities, you know, really creating modern community.
1:39
Speaker 1: Tell me the history if you can of tiny homes
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Speaker 1: and why you know, we can look at the price tag,
1:45
Speaker 1: but why are they why people are like finding it.
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Speaker 2: I'm comfortable with living in the tiny home space.
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Speaker 3: Now, I mean here on the West Coast, and really,
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Speaker 3: this is this is happening all over the country. The
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Speaker 3: governments really want to find housing alternatives, right, we want
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Speaker 3: to densify housing, we want to bring housings too expensive.
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Speaker 3: We want options for all sorts of folks. And so
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Speaker 3: they said, really, anyone in the state here can build
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Speaker 3: a second home on their property. And that never used
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Speaker 3: to be the case. You were never allowed to build
2:20
Speaker 3: a second home on your property because that, you know,
2:22
Speaker 3: that densifies everything, that creates a duplex in a sense.
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Speaker 3: Now everybody can do it, and that's a big deal
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Speaker 3: because that provides all sorts of folks a great place
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Speaker 3: to live because they are small, right, they are tiny homes.
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Speaker 3: A lot of what we see being built are six hundred,
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Speaker 3: seven hundred and eight hundred square foot homes. Great for singles,
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Speaker 3: great for couples, great for retirees that don't need their
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Speaker 3: large home anymore. All the home builders they're building these
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Speaker 3: big homes, two twenty five hundred, three thousand square foot homes,
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Speaker 3: which is great, great for families, but lots of people
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Speaker 3: need other options, smaller type homes. And so that's why
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Speaker 3: I think this has become a trend.
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Speaker 2: OK.
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Speaker 1: I would tell you my fair first apartment was seven
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Speaker 1: hundred square feet.
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Speaker 2: It was one of those.
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Speaker 1: Split It was a studio, but it had a wall
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Speaker 1: in it, and I was very very comfortable living in
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Speaker 1: seven hundred square feet when I think about it. So
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Speaker 1: for you, you saying that a tiny home is six
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Speaker 1: hundred square feet. That sounds douable. In my mind, doesn't
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Speaker 1: seem like because I think that the word tainy kind
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Speaker 1: of makes it seem like it really is a small space,
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Speaker 1: but it really is a liver space because I was
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Speaker 1: very comfortable living in seven hundred square feet.
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Speaker 2: What are your thoughts?
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Speaker 3: Yeah, for sure, I mean that's a good size apartment.
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Speaker 3: We're seeing them anywhere from one hundred and fifty square
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Speaker 3: feet real small, right all the way up the state
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Speaker 3: here allows up to twelve hundred square feet. Oh so
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Speaker 3: when you say tiny, you know, twelve hundred square feet
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Speaker 3: is not tiny. That's a house.
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Speaker 1: Yeah, my first home was fourteen hundred square feet.
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Speaker 2: That was a two bedroom, one bath.
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Speaker 1: I'm just giving people contexts when you start using the
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Speaker 1: word tiny homes of eighty us that they're called now,
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Speaker 1: is that when you talk talking about seven hundred square feet,
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Speaker 1: I've lived that my third first apartment you're talking about
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Speaker 1: would you say eleven hundred homes of what? Twelve twelve
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Speaker 1: hundred my very first house and I was with a
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Speaker 1: one bed with a one car garage. I had a
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Speaker 1: That was my first house. So have you ever my
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Speaker 1: friend lived in a tiny.
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Speaker 3: Home I have never lived in the tiny home.
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Speaker 1: Okay, so you are an authority. What excites you about
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Speaker 1: talking about tiny homes? And we're going to get to
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Speaker 1: the fact that Amazon is now selling them for under
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Speaker 1: fifty thousand dollars, But I really want to get into
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Speaker 1: the whole live aspect and then also the design and
4:36
Speaker 1: plus you've renovated over three hundred and fifty homes in
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Speaker 1: your career, talk to us about tiny homes.
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Speaker 3: So we started this company five six years ago called Maximle.
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Speaker 3: And this company is online and it's a resource for
4:51
Speaker 3: anything and everything, accessory dwelling units, tiny homes, granny flats. Right,
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Speaker 3: if someone's thinking about it, I know you were talking
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Speaker 3: about your daughter thinking about it. Someone's thinking about it,
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Speaker 3: the first thing they need to do is research, because
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Speaker 3: it's still a house, right, It's still a home, whether
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Speaker 3: you buy it from Amazon or you build it yourself.
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Speaker 3: It's no joke. You're not building a Lego kit here.
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Speaker 3: So you need to know what you're doing, how to
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Speaker 3: design it, what it costs, how to finance it. So
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Speaker 3: that's what my company Maxwell does. Now what gets me
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Speaker 3: so excited about it is the use cases. So a
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Speaker 3: second home in your yard. A tiny home in your
5:23
Speaker 3: yard can be used for so many things. We have
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Speaker 3: lots of clients coming to us. Some of them, about
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Speaker 3: fifty percent, will say, I want to build a home
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Speaker 3: in my backyard, an a du to rent because I
5:34
Speaker 3: want some rental income. I want, you know, to put
5:36
Speaker 3: that nurse in the back, or I want to put
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Speaker 3: somebody in the back of my yard and help me
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Speaker 3: pay my mortgage with that rental income. So rental income,
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Speaker 3: but lots of people want to start a music studio
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Speaker 3: back there. They want to have their own yoga studio
5:47
Speaker 3: back there. Maybe they're retirees and they need to go
5:50
Speaker 3: and they want to live in the back, in the
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Speaker 3: backyard because they don't need their large home anymore. The
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Speaker 3: use cases are really significant and interesting, and so when
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Speaker 3: people build these things, they're building themselves, building it for themselves.
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Speaker 3: But once they sell that home, maybe the next buyer
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Speaker 3: is going to use that accessory dwelling unit for something else,
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Speaker 3: maybe in nanny. Maybe when you have a baby, you
6:12
Speaker 3: could put your nanny back there. Maybe you can move
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Speaker 3: mom back there. You don't want to living in a
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Speaker 3: senior facility. So I love the use cases.
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Speaker 1: Well, you know, first of all, education is a powerful
6:22
Speaker 1: thing because you took me from humor to reality by
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Speaker 1: mentioning parents. You know, we have a really issue with
6:31
Speaker 1: housing for parents because we never plan for our parents,
6:34
Speaker 1: get know, where do they go? And being in a
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Speaker 1: tiny home facility seven hundred square feet, that's a lot
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Speaker 1: that you can put on your property. Then you mentioned
6:44
Speaker 1: you know, Then you mentioned nurse which is another situation.
6:47
Speaker 1: Then I love the other thought that you brought up
6:50
Speaker 1: extra income. You took this from because a lot of
6:53
Speaker 1: people want to know. Back in the day, it was
6:55
Speaker 1: always building a garage over your putting an apartment over
6:58
Speaker 1: your garage. But you don't have to do that. But
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Speaker 1: I want to slow this down for a minute, Paul.
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Speaker 1: In my mind, I thought a tiny home was just
7:07
Speaker 1: already manufacturer, just bring it in, just flop it down.
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Speaker 2: But I keep hearing you use the word build.
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Speaker 1: Tiny homes aren't like mobile homes. You can just go
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Speaker 1: pick them out and just put them on a lot.
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Speaker 3: Are you got a few options? Mostly out here people
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Speaker 3: are building their own units. They're designing them to fit
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Speaker 3: their backyard, They're they're designing them to be permanent structures.
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Speaker 3: That's what we think of ADUs Uh but there are
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Speaker 3: you're talking you're talking about the Amazon product. There are
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Speaker 3: what we call the other the other side of the spectrum,
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Speaker 3: pre fab prefabricated gravitation right, built in a built in
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Speaker 3: a factory, uh, craned in on your lot. But those
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Speaker 3: are built those aren't customs, right, So you got to
7:52
Speaker 3: pick one. I'll take this one or I'll take that one.
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Speaker 3: That's another option too, But just remember, you know, you
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Speaker 3: got to get those big boys delivered, and that costs something,
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Speaker 3: and you got to get them craned in right at
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Speaker 3: that costs something. And then I'll bring up what people
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Speaker 3: usually forget when they think about buying one of those
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Speaker 3: or a home on Amazon, is somebody's kind of got
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Speaker 3: to put the thing together. And even if it comes
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Speaker 3: kind of constructed, someone's got to build a footing, a
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Speaker 3: foundation on your propert. People kind of forget that. You
8:20
Speaker 3: don't just PLoP it down on dirt. Usually someone's got
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Speaker 3: to build a foundation. And then most importantly, someone's kind
8:25
Speaker 3: of connected to the utilities because they don't come with
8:27
Speaker 3: their own water source or power source or gas source,
8:31
Speaker 3: you know, so you really do need a local contractor
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Speaker 3: to kind of help you put it all together. It
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Speaker 3: makes it sound easy when it comes from Amazon, but
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Speaker 3: there's some complications.
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Speaker 1: What the complications are You help us get through that
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Speaker 1: with your experience. Tell us about your background renovating homes,
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Speaker 1: dealing with a nightmarriage contractors.
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Speaker 2: I think that that's.
8:52
Speaker 1: The nightmare that every homeowner or a person who rents
8:56
Speaker 1: a home deals with. Talk about your experience and how
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Speaker 1: did you get in home building business a renovation business?
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Speaker 3: Paul, Yeah, yeah, thank you. Yeah, I'm I'm My backgrounds
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Speaker 3: real estate, right and about fifteen years ago I started
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Speaker 3: flipping and building homes here in southern California and we
9:14
Speaker 3: just did that for a while and we ended up
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Speaker 3: building and flipping three hundred and fifty homes, so we
9:18
Speaker 3: did quite a few. And nowadays I'm helping with this company, Maxibell.
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Speaker 3: I'm building my own accessory dwelling units here on my
9:24
Speaker 3: own properties, so I'm doing a lot of that. And
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Speaker 3: you're right. When I was flipping and building homes, we
9:29
Speaker 3: would either have a really good experience with the contractor
9:31
Speaker 3: or a really bad experience with the contractor. And I
9:33
Speaker 3: kind of wondered about that, why why is this industry
9:38
Speaker 3: so challenging? And I found statistics from a few years
9:40
Speaker 3: back for Sean. They interviewed people after they remodeled, and
9:43
Speaker 3: they asked them if they had a good experience. Fifty
9:46
Speaker 3: percent said they had a negative experience with their contractor
9:50
Speaker 3: their remodel. Fifty percent. I thought, that's pretty high. I
9:53
Speaker 3: have a one and two chance that was worse than
9:55
Speaker 3: Las Vegas. You have a one and two chance of
9:57
Speaker 3: you know, having a really bad experience. And I thought,
10:00
Speaker 3: what what if we could help people? What if we
10:02
Speaker 3: could help people find the right contractor. And so we
10:04
Speaker 3: provide resources to make sure that when you're looking for
10:07
Speaker 3: a contractor for your adu or whatever, your kitchen remodel,
10:10
Speaker 3: whatever it is you're doing around your house, you better
10:13
Speaker 3: do your homework. Don't trust that guy that just comes
10:16
Speaker 3: in your door and sweet tox you and smells nice
10:18
Speaker 3: and tells you that he'll be back tomorrow if you
10:21
Speaker 3: just give him a check today. You gotta be real,
10:23
Speaker 3: real careful. There's too many horror stories out there where
10:26
Speaker 3: you pay somebody and you never see him again. Wow.
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Speaker 1: So basically, like you say, do your research and make
10:33
Speaker 1: sure that when they show up they have a history
10:36
Speaker 1: a reference.
10:37
Speaker 2: I guess you can say and that helps us out.
10:40
Speaker 4: Please don't go anywhere. We'll be right back with more
10:43
Speaker 4: Money Making Conversations Masterclass. Welcome back to the Money Making
10:53
Speaker 4: Conversations Masterclass hosted by Rashaan McDonald.
10:57
Speaker 1: Now, when you talk about let's go to am on
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Speaker 1: a little bit about that, that's what attracted my daughter.
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Speaker 2: She saw your name, she looked up there.
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Speaker 1: She said, dag they got the houses in the twenty
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Speaker 1: nine thousand and under, fifty thousand and back oners and
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Speaker 1: two stories.
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Speaker 2: So the evolution of the tainting home or the ADU.
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Speaker 1: Because when I first saw him on TV, you know,
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Speaker 1: there was just basically I laughed at them. I'm gonna
11:23
Speaker 1: be honest with you, Paul, I never live in there.
11:25
Speaker 1: I never lived there Because they were talking about one
11:27
Speaker 1: hundred and fifty square feed two hundred.
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Speaker 2: Square I was like, how does anybody live in there?
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Speaker 1: But when you start throwing out numbers like six hundred
11:35
Speaker 1: square feet, a twelve hundred square feet? Is that what
11:38
Speaker 1: you were involved in building? Custom building out or you
11:41
Speaker 1: will also do the smaller versions as well.
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Speaker 3: Look, there's there's a you know, we're a resource for
11:48
Speaker 3: everything that folks are looking at. They should do their
11:50
Speaker 3: homework right, and they can come to our site and
11:53
Speaker 3: take a look around. But there's you're right, there's a
11:55
Speaker 3: couple of different options, right, So you talked about the
11:57
Speaker 3: big ones. Yes, the six seven hundred square feet, those
11:59
Speaker 3: are general built by a contractor in your backyard. You're
12:03
Speaker 3: going to hire a legitimate general contractor get an architect
12:06
Speaker 3: to design the plans and and build it right there
12:08
Speaker 3: in your backyard. So that's option one usually probably the
12:10
Speaker 3: most expensive, because you're getting a real house, right. Option
12:14
Speaker 3: two is the little tiny one hundred and fifty square
12:17
Speaker 3: foot ones you talk about. They're usually mobile, right, they
12:19
Speaker 3: almost they can almost drive them in, drive them onto
12:21
Speaker 3: your property. Real small, real They have that tiny little
12:24
Speaker 3: kitchen and you know whatnot that's you know, almost like
12:27
Speaker 3: living in a motor home in a sense. And then
12:30
Speaker 3: there's stuff in the middle, like these Amazon homes or
12:32
Speaker 3: these prefabricated homes. You know. Maybe there there's a site
12:35
Speaker 3: called a website called boxable that's really interesting. They kind
12:39
Speaker 3: of come the house kind of comes folded up, if
12:41
Speaker 3: you can believe it, almost like Orgambi, and they fold
12:44
Speaker 3: it up, put it on a truck, bring it to
12:47
Speaker 3: your site, and unfold it and you have a house
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Speaker 3: that's probably about two hundred square feet something like that.
12:51
Speaker 3: Fifty square feet.
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Speaker 1: That would I got a foldable house, I swear, and
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Speaker 1: you just and they do it. But you do tell
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Speaker 1: everybody make sure you get contractors.
13:06
Speaker 2: Don't you try to do it. That's a number one
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Speaker 2: message I'm hearing from this interview.
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Speaker 3: Well, look on the Amazon Home you gotta be careful, right,
13:14
Speaker 3: you know what you're buying is is just a bunch
13:18
Speaker 3: of parts, right, you know, I mean you got to
13:20
Speaker 3: really be careful. Unless you're really really handy, you know
13:23
Speaker 3: how to work that nail gun. You need some help.
13:26
Speaker 3: You're gonna need a local contractor to help you out,
13:28
Speaker 3: no question.
13:28
Speaker 1: Okay, Cool, you mentioned Maximo. That's the platform that they
13:31
Speaker 1: can go to. What is the experience that you're offering
13:34
Speaker 1: to anybody who's listening to the show, And just make
13:37
Speaker 1: sure we get the correct website so we drive them there.
13:40
Speaker 1: What is the experience and what do they get? And
13:42
Speaker 1: do they register to get the digital information do they do?
13:45
Speaker 2: Is it virtual tours?
13:47
Speaker 3: Are there's.
13:49
Speaker 2: Dimensional drawings on your website? Talk to us about that.
13:53
Speaker 3: Yeah, we kind of have it all. We have a
13:55
Speaker 3: pretty good YouTube channel with you know, I don't know
13:57
Speaker 3: one hundred or so videos that people can search through
14:00
Speaker 3: that can look at this kind of tiny home that
14:02
Speaker 3: you and I talked about, or something different. They can
14:04
Speaker 3: look at designs. We're a research site. We want people
14:08
Speaker 3: to do their homework. It can be us, maxable or
14:12
Speaker 3: other sites. Just just check out learn about them. Don't
14:16
Speaker 3: go to Amazon and click, you know, by now on
14:20
Speaker 3: one of these things until you kind of do your homework.
14:22
Speaker 3: It's because, like.
14:23
Speaker 1: I said earlier, and if in this interview was about
14:28
Speaker 1: you know, I was just started in a very humorous
14:31
Speaker 1: state home. And then you start breaking down the reality
14:34
Speaker 1: when you start talking about how you can make extra income,
14:38
Speaker 1: how this can be a major asset. If you have
14:41
Speaker 1: an issue with your parents who are aging, what do
14:44
Speaker 1: you put them? You can put them in attaining home
14:46
Speaker 1: on your property. Retirees can look at this as a
14:51
Speaker 1: facility that you can go and live in.
14:54
Speaker 2: And like I said, twelve hundred square.
14:55
Speaker 1: Feet is a lot. My very first apartment I was
14:58
Speaker 1: seven hundred square feet. I was absolutely very comfortable in that.
15:02
Speaker 1: But you did remind me of this is that Rushwan,
15:05
Speaker 1: you still got to have a foundation to put this
15:08
Speaker 1: on top of you still got to have utilities tied
15:12
Speaker 1: into it, you still got to have permits. Run that
15:15
Speaker 1: through my audience again, because I don't want to. They're
15:17
Speaker 1: hearing it from me. You are the expert. You've renervated
15:20
Speaker 1: three hundred and fifty homes in your life to add more,
15:23
Speaker 1: and you're constantly building custom ADUs. Talk to my audience
15:27
Speaker 1: about the mistakes people make and how they should move
15:30
Speaker 1: forward when they come talk to you.
15:33
Speaker 3: Yeah, I mean, folks do these things. I'll say, we
15:36
Speaker 3: use the word illegally. They add, you know, something to
15:39
Speaker 3: their home illegally, they had a patio cover legally, They'll
15:41
Speaker 3: put a tiny home in their backyard illegally. It's not ideal. Well,
15:44
Speaker 3: it's just not ideal. You can do it without your
15:46
Speaker 3: city permissions, but it's not ideal, right because you're you're
15:50
Speaker 3: never going to get the value out of it when
15:51
Speaker 3: you sell your home. You really aren't allowed to rent
15:54
Speaker 3: it out. You want to do it legally. So that
15:56
Speaker 3: means if you whatever tiny home you're looking at, or
15:58
Speaker 3: you you're thinking about, whether it's Amazon or somewhere else,
16:01
Speaker 3: go down to your city's building department, tell them what
16:05
Speaker 3: you're thinking about doing and ask them what they need
16:08
Speaker 3: from you, so you can get it permitted correctly, done correctly,
16:12
Speaker 3: so at the end of it, you can get what's
16:13
Speaker 3: called a certificate of occupancy. Someone's allowed to live in there.
16:16
Speaker 3: Do it right. You're gonna spend lots of money. This
16:19
Speaker 3: is not a couple grand You're gonna spend lots of money,
16:21
Speaker 3: whether it's fifty k or one hundred kg, and spend
16:23
Speaker 3: lots of money. Do it right. This is going to
16:25
Speaker 3: be somebody's home. Somebody's going to live in there. You
16:27
Speaker 3: want to make sure it's safe. You don't want to
16:28
Speaker 3: put mom into something that's not safe, that you know
16:32
Speaker 3: isn't done correctly on the right foundation, isn't hooked up
16:35
Speaker 3: to the electrical correctly. Go that's my biggest advice. Go
16:38
Speaker 3: down to your building department at your city and ask
16:41
Speaker 3: them what guidelines, what requirements they have for you to
16:45
Speaker 3: put this thing in your backyard.
16:46
Speaker 1: You know, some Paul just being serious about what's happening
16:50
Speaker 1: in our world today with the homeless situation. You know,
16:53
Speaker 1: I live in Atlanta, and that when every time I
16:55
Speaker 1: fly out to Los angeless like stunny, the amount of
16:58
Speaker 1: homeless people that you see, just like I mean, if
17:02
Speaker 1: you've never been, if you've never seen a homeless situation
17:05
Speaker 1: in a major city, you go to Los Angeles, it
17:07
Speaker 1: really will stun you. And even in the city of Atlanta,
17:11
Speaker 1: there's certain areas on the freeware you can just drive
17:14
Speaker 1: and just just a homeless village. And during the election,
17:18
Speaker 1: and I always hear people talk about affordable housing, affordable house,
17:21
Speaker 1: and affordable housing. When you start talking about homes under
17:24
Speaker 1: a fifty thousand dollars and you're talking about with balconies
17:30
Speaker 1: and picture windows, am I crazy when I say that
17:34
Speaker 1: this is a possible remedy for the homeless crisis that
17:38
Speaker 1: we're dealing with in America today.
17:41
Speaker 3: I love that idea. And not only do I do
17:44
Speaker 3: I love that idea, but I can tell you, for example,
17:46
Speaker 3: in San Diego, because we work throughout California, in San Diego,
17:50
Speaker 3: they have a new program in that city that allows
17:53
Speaker 3: a property owner, let's say a property owner has a
17:55
Speaker 3: larger sized property throughout the state, mostly you can add
17:59
Speaker 3: one accessory to well unit, maybe two accessory dwelling units.
18:02
Speaker 3: San Diego said, if you make them affordable, if you
18:04
Speaker 3: restrict their affordability for folks that you know, to keep
18:07
Speaker 3: that those rents low. You can build as many accessory
18:11
Speaker 3: dwelling units on your property as you want, no limit.
18:14
Speaker 3: So right, like you said, you know, build eight of those,
18:17
Speaker 3: make them affordable, make the rents something somebody can reasonably pay,
18:21
Speaker 3: and yeah, you take people off the street potentially.
18:24
Speaker 2: That's great.
18:24
Speaker 1: Now, when it comes to Adu's property value, that's always
18:29
Speaker 1: a big statement. You know, putting a taining home does
18:33
Speaker 1: it decrease your value of your property? What does that do?
18:35
Speaker 1: And what? In particularly I live in Atlanta, do you
18:39
Speaker 1: look like you've lost your mind if you put a
18:41
Speaker 1: tainy home on an acre of property or five acres
18:44
Speaker 1: of property?
18:45
Speaker 2: What I know?
18:46
Speaker 1: You live into California where property space is smaller, and
18:49
Speaker 1: it makes sense sometimes just slide a taining home in there.
18:53
Speaker 1: Now we're talking to the real world, which is outside
18:56
Speaker 1: of California. Talk to us about the taining home value
18:59
Speaker 1: to properties and what type of property size works for
19:03
Speaker 1: a tiny home.
19:05
Speaker 3: Look, I mean to me, it's pretty simple. You're putting
19:09
Speaker 3: a whole second home, a living structure onto your property.
19:14
Speaker 3: You have your main house. Let's say you could rent
19:16
Speaker 3: that for whatever amount you could rent it. But now
19:18
Speaker 3: you have a second property and somebody could live there.
19:20
Speaker 3: And if somebody's gonna live they're not gonna live there
19:21
Speaker 3: for free. They're gonna pay you rent. And so I
19:23
Speaker 3: think you've just enhanced the value of your property. You're
19:26
Speaker 3: making money. Your audience knows that. You know, if you
19:29
Speaker 3: invest in real estate, if you have one rental unit,
19:32
Speaker 3: two rental units, that's a great way to build wealth.
19:35
Speaker 3: So I think you add a tiny home or accessory
19:37
Speaker 3: dwelling into your property, you're only enhancing the value of
19:39
Speaker 3: that property. And in terms of size, I think it's
19:43
Speaker 3: a matter of what fits on your property. Like you said,
19:47
Speaker 3: whether you're at California with smaller lots, whether you're in
19:49
Speaker 3: Atlanta with larger lots, whatever fits and fits you know
19:53
Speaker 3: nicely and generously and makes sense for you. They're here
19:57
Speaker 3: are regulations don't require a minimum size. So I think
20:01
Speaker 3: whatever works for you, it's great.
20:03
Speaker 1: Now enthusiasm, they always say, marketing is how people find
20:07
Speaker 1: out about certain things. Now, Amazon selling a two story
20:11
Speaker 1: tiny home for under fifty thousand dollars, I was like,
20:15
Speaker 1: complete with balconies and picture windows. And that's that giant
20:18
Speaker 1: window you love on your home. Okay, when you hear that,
20:22
Speaker 1: and you being a guy of ADU talk to us
20:25
Speaker 1: about where Amazon may be taking this brand and how
20:30
Speaker 1: it may become a mass appeal throughout the entire country.
20:35
Speaker 3: Look, I love it. It's great marketing. Amazon's right a
20:38
Speaker 3: big name, so if they're doing something that's really interesting.
20:41
Speaker 3: I remember before my time, to be honest with you, Rashanna,
20:44
Speaker 3: and I'm not that young. I remember I heard that
20:46
Speaker 3: the Sears Catalog used to sell a house. Okay, so
20:50
Speaker 3: I remember that, right, You remember hearing about that? So
20:52
Speaker 3: this maybe this is the next version of the Seers
20:54
Speaker 3: Catalog selling a house. I think it's really interesting. But
20:58
Speaker 3: I also think whether it's Amazon or somebody else, there
21:01
Speaker 3: needs to be an educational component here, because again, I
21:05
Speaker 3: don't think the average person that hits click now today
21:09
Speaker 3: to buy that house is going to be happy with
21:11
Speaker 3: the way things turn out. I think they need to
21:13
Speaker 3: understand what they get and what they don't get. And
21:16
Speaker 3: like we talked about, uh, it's really hard to do
21:20
Speaker 3: unless you're to build something like that, unless you're really
21:22
Speaker 3: really handy, and I think you need a local contractor
21:25
Speaker 3: to help you out, and I think you need your
21:27
Speaker 3: local city to be on board. So I don't want
21:31
Speaker 3: to call it a gimmick. Like you said, you call
21:33
Speaker 3: it marketing, right, that's marketing. It's good marketing.
21:36
Speaker 2: But I'd love to hear.
21:37
Speaker 3: From the people that bought those and find out, you know,
21:40
Speaker 3: what kind of experience they had and how they ended up.
21:42
Speaker 1: You know, if we close this out, you know, mobile
21:45
Speaker 1: home parks, you know, and then now you have tiny homes.
21:48
Speaker 1: Now they call it adu's And somehow ADUs sound a
21:52
Speaker 1: little bit more sexier than mobile home parks.
21:55
Speaker 2: How did that happen? How did the ADU?
21:58
Speaker 1: Because I guess again, marketing, but it seems like I
22:02
Speaker 1: will tell you this, Paul, I'm much more receptive to
22:05
Speaker 1: buy the ADU than buying a mobile home, and that
22:10
Speaker 1: is marketing, and that is the business you're in. I
22:13
Speaker 1: wish you good luck, my friend, And I'm pretty sure
22:16
Speaker 1: my daughter, once she hears this interview, she's going to
22:18
Speaker 1: be even more motivated to buy an ADU. But you
22:22
Speaker 1: gave me such such such tremendous tips on how to
22:26
Speaker 1: look at this whole community that's going out there, and
22:29
Speaker 1: I hope I'm just a guy on the show, and
22:32
Speaker 1: I wish America would look at the possibilities of seeing
22:35
Speaker 1: what ADUs can do for the homeless community because we
22:38
Speaker 1: have to do something and we have to get these
22:40
Speaker 1: people off the street.
22:41
Speaker 2: Any closing thoughts, paul.
22:43
Speaker 3: I love it, Rashaan, thank you for having me on,
22:45
Speaker 3: appreciate it.
22:46
Speaker 1: Thank you for coming on Money Making Conversation master Class.
22:48
Speaker 2: You are awesome.
22:49
Speaker 1: This has been another edition of Money Making Conversation Masterclass
22:52
Speaker 1: posted by me Rashaun McDonald. Thank you to our guess
22:55
Speaker 1: on the show today and thank you O listening to
22:58
Speaker 1: audience now. If you want to listen to the episode,
23:00
Speaker 1: I want to be a guest.
23:01
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