Ep 022 - Managing Rental and Vacation Properties with a Home Inventory

Welcome to Be a Smarter Homeowner Podcast, where you'll discover strategies to save money, save time, and be better organized in managing your largest financial asset and biggest expense, your home. Your hosts, John Bodrozic and Beth Dodson, who are co-founders of HomeZada, have been supporting homeowners for over 20 years. They are here to share with you their tips and suggestions, as well as interviews with industry experts, with the goal of helping you become a smarter homeowner. Now here's your hosts, John and Beth.

Hello, welcome to Be a Smarter Homeowner Podcast. I am Beth Dodson, one of your hosts, and with me is another host, John Bedrosik. We are also the co-founders of HomeZada. Helping you make home management much easier. Hi, John.

Hello, Elizabeth. How are you this fantastic day? I think we're gonna talk about multiple homes, which I know you're quite passionate about and a lot of our customers are as well. So lead us into where you wanna go today.

Yeah, no, I remember. So for everybody on the call, this is a personal story, but I'm just gonna say this. I remember, I'm originally from the East Coast, live in California, and I always wanted a smaller property on the East Coast just to, you know, stay connected to my roots. And that's just for me personally. And John kept saying, go buy a house, go buy a house, go buy a house, go buy a house. And for those of you who don't know, we're actually married. It's a whole other story. But, um, go buy a house, go buy a house, go buy a house. And I said no because I didn't have the tools to help me manage my existing house And I was not going to pick up another house and not have the tools to do that. It was just going to be crazy, especially 3,000 miles away, because I had done that when I originally moved to California. I already had my house back there, and it was just challenging. Everything was just challenging. It was just— I didn't want to do that. But, um, but now we have Homsada, which is amazing, and I have a tiny little place. on the East Coast, which made me happy. And my place is a little different than some. When we talk about multiple homes, the first thing I thought we'd talk about, Jon, is what defines a multiple homeowner. And I think there's a lot of different scenarios that exist, especially in the United States. We have seen from our customer base and from people we know, many people will own a home in one location, and then they will own a vacation home in a different location, and they will truly use the second home as a vacation home. And the easiest way to describe that is for anybody who has a beach home. Like, people just love the beach, and they're just like, I want to go to the beach in the summer, and I just want to go there. And so, um, that's one area. Or the mountains, it's another area. So living in California, a lot of people have— Tahoe homes. They just want to go to Tahoe for skiing or for summer or whatever. So that's one area. The second area that I see, um, second homes is people kind of like us who have a second home that we go to and we like to enjoy it, but also that we rent it out as well.

Mm-hmm.

And so there's some combination of enjoyment, pleasure, and earning some income on it. And that could be for a variety of purposes. The third area that I see with multiple homes is people who truly just have homes, and they may have more than one. They may have 5, and they are literally going from one location to another, and they are investments, and they're holding on to them as areas where they travel their location. So they may spend A quarter of their time in one location, a quarter of the year in another location, and so on and so forth. We also have friends that we know of that made purchases of homes in one location where their kids go to school. And the reason they don't stay there, but their kids do, so it's more cost-effective than renting something like a dorm room or, um, or or an apartment, and it becomes an investment that they can use later on, whether they as parents decide to sell it or whether they decide to maintain it and lease it out or then use it as a vacation home long-term. The other scenario I've seen with a lot of customers at Homesada is they are truly investors. They buy properties and this is part of their income. And they rent them out. And that is how they make their money. And some of those customers at HomeSala could own 5 homes, 3 homes, 7 homes, 8 homes, but it's part of their income in earning what they want to do. And each one of these scenarios that I can think of have different elements of managing a home inventory and different needs. Before we get into home inventory, managing that home inventory and all these different Did I miss some scenarios, John? I can feel like there's like some combination of like all the things I talked about too.

No, you hit, I think, the bulk of the scenarios. There's maybe one or two that I know that our customers have told us about. One is, well, it's a slight nuance on the people that are investors. Some are investors where it's rental income, others are investors of like fix and flip. So yeah, they're— they have multiple homes, but they basically bought it, they want to invest in, you know, fixing it up and then turn around and sell it versus generating the long-term rental income. Uh, the other 2 scenarios that we hear oftentimes is— tends to be what I call adult children managing their elderly parents' home.

Oh, that's right, I forgot about that one. Yeah.

Where you have this situation where, let's just Pick an age range, right? You have parents that maybe are in their 70s, 80s, 90s. They live in a certain location. Maybe the kids live in the same town, but it's across town. Maybe they live all the way across the country. And essentially, the ownership is still 2 different people, but one party, the older couple, needs help sort of remembering what needs to get done and managed and creating an estate plan and all those kinds of things. So that becomes— a use case for multiple homes. And then another one that I've heard quite frequently, not as much as I normally would think, but it's people that are coming together to agree to buy a joint vacation home.

Yes.

Sometimes it's multiple family members, sometimes it's just good friends and they're like, hey, we're going to go in and we're all going to own this home together. And that creates even an extra sort of use case over multiple homes because you don't have the same entity that owns it. You have multiple people that own a portion of it. portion of it.

Yes. No, those are great examples. I totally forgot about those. And that's why I said when it comes to multiple homes, there's so many different scenarios, and you can probably combine some of the things we've talked about in terms of managing those multiple homes. But I know from our customers who have multiple homes, like, they look at the use of HomeZada, and today we're going to talk about inventory as like a godsend for them. They have been using spreadsheets, they've been using photos on their phone. They are not tying the phone and the spreadsheets together, or the photos and the spreadsheets together. They are trying to use their calendars that they use for work to manage all these properties and their tasks. I mean, it's been one thing after another, and they've been so frustrated over everything being so convoluted in all these different areas where they feel like Especially for those who use their second homes as rentals, they're like, that needs to be separate from the other parts of my life, and I need to treat it as a financial solution or financial tool to earning my income. But how do I do that with the right solutions? And so today we want to talk about Inventory and why it's so important. Because we've heard from so many customers that they can't even remember what's in each home sometimes.

Of course.

I mean, they told me.

Yes, the human brain can only absorb and retain so much information. We need to rely on technology to help us augment that memory of ours. But yeah, one big category that I hear all the time from customers, and it gets down into all these different use cases, One of the 2 biggest ones relating to home inventory is, are you going to inventory just the fixed assets of the other home? And the fixed assets tends to be things that are like appliances and equipment and building materials and those kinds of things. Those things you tend to need to inventory because they break, they may need maintenance, you need to call somebody to come get it, and you need to know the make, model, and serial number. You know, that's an important aspect of it. And then there's also what I call the personal property. So this kind of applies to the use case where maybe it's a vacation home that duals as personal use and rental income, and you've furnished it with your own personal property, right?

Mm-hmm.

So versus an investor who buys a home that's going to be pure rental, Maybe all they care about is inventorying the fixed assets because they're the owner of the property. They're the ones who are ultimately responsible if something needs to get fixed like the HVAC or hot water heater or whatever. A renter comes in and they're bringing in their own personal property versus a vacation home where you own that home, but you're only going to use it, you know, 3 months out of the year and the other 9 months you're going to rent it. Well, you've already furnished it, so therefore it becomes even more valuable to create an inventory over the personal property. So many of these, every single one of the scenarios that you talked with as it relates to multiple home, or what I call use cases, the first thing that basically I think everybody should ask themselves is, do we only need to inventory the fixed assets of this other house, or do we need the fixed assets and the personal property contents that's in it?

No, I think that's smart because When it comes to fixed assets, let's face it, appliances and equipment, which are primarily fixed assets, or even some tile or shower door or something, they can break. And you do need to replace all that if that happens. And, um, or your property won't be functioning properly, so it becomes unrentable because no one's going to rent it if, if that's not going to work. And then the second thing is when it comes to the personal possessions, even when you are tracking the personal possessions, you can know if things go missing. That's the first thing. And then 2, you know when things need to get replaced. Let's face it, if you've got a rental property and think people are coming and going and coming and going, you may need to replace your sofas sooner than if you were in your own home because maybe you don't sit on your sofas as often and maybe— You don't— I don't mean to be rude, but maybe you don't abuse them as much, you know, versus when people come in and they're on vacation, they're tracking sand in, they're tracking snow, they're doing all kinds of crazy stuff. And, you know, maybe they have a dog and the dogs are jumping on the sofas or what have you. And so when it comes to elements like that, you may also have to incorporate those replacement items as part of your budgeting process when you are Yes, without a doubt.

This gets into what I call one of the other value propositions of creating an inventory. Going back to your part about the memory thing, it's the fact that most people who own multiple homes usually spend the bulk of their time in, let's say, at the primary residence. So the huge value over creating an inventory is, yeah, you know that your rental property or your vacation rental is there, Vacation home has an HVAC and a hot water heater, but you have no idea what the brand is. You don't even know how old it is, kind of mentality. So you may know that it's there, but unless you've done an inventory to document that thing, and then when all of a sudden the neighbor says, hey, your water's leaking out of your hot water heater, you're much more suitable to being able to remotely manage calling people to go to that house because you actually have the details of—

Yes.

of that, that fixed asset or the building materials as it relates to those kinds of things because you're physically not there. So a tool like Homesata allows you to have one account, and within one account you can have all of your properties. And so when you get that phone call about the property that's across the country or, you know, over in Arizona or wherever, boom, you open your phone, log in, click on it, do a quick search, and in less than 10 seconds, you know the make, model, serial number.

Good point.

And you're way quicker and better at sort of Troubleshooting the issue because you've gone through the upfront planning process of creating that home inventory for those properties.

Yeah. And I mean, I agree with you. It just makes things more efficient. And you can also understand maybe you've got a property manager managing your property, collaborating with them to understand what needs to get done on a regular basis is also important. And then one of the things I will say on a side note from an inventory perspective, because it just came to me, is a lot of homeowners, if they've got a second property, especially if they're renting it, they either have a small storage closet or a small closet or room or something that is an owner's closet, room, storage, what have you. And it allows them to store items like maybe they've got personal toiletries or some clothes that they don't want to lug around. I mean, maybe they even have skis. A good example of that is you have a house in, let's say, Tahoe or Breckenridge or some other place like that. Oftentimes, you're probably going to do most of your skiing there, and you don't want to lug around all that skiing equipment all over the country.

Exactly.

And you can always go back to that location where it's going to be primarily used, create storage for it, and then Take it to any other destination you want to go to from there. And that also protects your equipment from being used by somebody else that could potentially damage it. And those things are just surprising. And I love the fact that we can do that as well in Humzada, create like a little space, and it's your owner's closet slash owner's whatever it is. And then you know what you have so that you may not have to go and buy the same thing over again.

Yes, that's the flexibility of, you know, I get asked the question a lot. I have multiple homes, should I create a separate property or should I create all that stuff? Well, yeah, our tool allows you to create a space. The space could be the owner's closet and it could be literally a closet or it could be just a big, you know, cabinet that has a lock on it in the garage and you're sort of just documenting those kinds of things. I think it also has to do with, we've seen a huge, Uh, increase in visibility on the home insurance aspect of things, right? So now back to all those different use cases of people with multiple homes. Uh, you have to have insurance for those homes, or most people want to have insurance.

Yes.

But are you going to have insurance for that personal property coverage because it's a vacation home with all of your skis and golf clubs and furniture already there and you're renting it out as a turnkey? Or is it insurance only for the rental property? Because the renters are the ones bringing in all of the personal property. So the inventory of an insurance aspect of it is a huge aspect of it and also breaking it down. And going back to what you said before, the reason why that's even more important is a lot of— most people who have multiple homes that are a vacation tend to be, like you said, beach or mountain. Harsher climates, more subject to massive severe weather conditions that can damage the home. Um, you know, if you're below freezing in a blizzard in Breckenridge, or, you know, out in your condo in Destin, Florida, etc., lots, lots of more susceptibility to weather and climate issues, which is also an important aspect of keeping that inventory.

Yeah, no, I think that's, that's Wonderful. And then so one of the things that we look at from an inventory is also we've got the fixed assets versus the possessions. We've got the use case scenarios. Are you going to go there? Aren't you going to go there? But a lot of times people will store different items in those locations. We briefly touched base on like skis in a skiing location, but some of these houses have garages. And these homeowners may have snowmobiles in snow areas, like, you know, remote cabins with snowmobiles that are necessary. And then some people may have small boats or jet skis or some other component where there's lakes or some other beachy type water area that they need access to. Maybe they've even got a fishing boat with all their fishing supplies. in a lakefront property versus having it in their primary home where they live maybe just outside of Chicago?

Yes. I mean, you're, you're, it's that so many dynamics over what is that inventory depending on what that location is and what are the things that are in use and whether they're either for personal use or they're for family use, those kinds of things. Yeah, I can't even begin to tell you the amount of things that get inventoried in our software is just all over the map, right? It could be sports equipment that's climate-specific. It could be, you know, fun water tools. It could be, you know, I really like my bottle of wine collection, or I really like my high-end liquor and I'm locking that up in my closet 'cause even though I rent it, I don't want people to have my high-end liquor when they're renting out my vacation home. There's so many different sort of dynamics over this. When again, you and I are a big proponent of have a plan and have a system that makes managing all this data and information easy because you're in a much better situation than, let's face it, you know, the stress of like, oh, I can't remember what's in our home, you know, across the country. What was there? I don't even remember. Even clothes, right? Even if it's personal use, you can't even remember what you left in your previous place.

Yes.

Kind of mentality.

I always update my owner's closet and I'm like, oh my gosh, what's here and what's been used and what do I need to leave behind? And, you know, because we have different weather patterns there and there's sometimes where you go and you're like, oh, I need to bring an extra pair of slippers from my existing house to my other house because I've got so many pairs of slippers. I'm like, I'm not buying another pair. I just want to bring some to leave here. But yeah, I mean, all those scenarios do play a role, but you forget. If you're not there often, what is there? Did I leave my favorite jacket there or something? You know, I mean, you always think about those things.

Yeah, absolutely. One other thing I want to, I want to make mention about the inventory specifically to the use cases where people are renting it out, and it kind of goes back to what I've learned from our customers, is customers will take different approaches over what they think is a good inventory. Some will take pictures of, you know, each room in the house and say that's good enough. Others will take pictures of each room and then go to the level of detail of taking like individual close-up photos of these things, and that's really great too. Others like the ability to create a video because the video allows them to narrate, you know, as you're walking through your family room, oh, here's where the big screen TV is, here's the, you know, sofa. Artwork on the wall, whatever, the games under the coffee table, et cetera. The reason why I think the video is important for the people that are renting it, because especially if they're long-term rentals, you want to be able to document the condition of the house before the renter comes in. Now, of course, you could do that by having photos, right? You take a bunch of photos of everything that's there, walls, doors, et cetera. But a video is a very quick, easy way to say, okay, I'm about to sign a 6-month lease. With this renter walkthrough, take a picture of, you know, 3 to 5 minute video. You're pretty much just going to capture the condition of the floors and the carpets. Are there stains? The doors, the condition of the drywall, the light fixtures, the appliances, this, that, and the other. And then 6 months later when they move out, you could then do the same sort of video because you could have unlimited videos as part of the inventory. And now you've got better documented Proof that they left it exactly as is and they get their cleaning deposit back, or you've got an issue where they did create some damage and you're going to take that sort of out of their deposit back. So the concept of taking— how to take an inventory, whether it's room photos, individual photos, or videos, I think the videos becomes a really important use case for the people that have renters coming in and going.

No, that's actually a good point. I mean, because you— yeah, because going back to some of the other conversations we've had on previous podcasts, before you start accusing somebody of something, it's important to have the documentation prior to, because it may have already been a particular way. You know, I'll be the first one to say it, and you know, I have this affinity with walls, and John laughs because he knows, like a lot of people know, my painter knows too. He loves to take—

Blue tape everywhere, but I need to touch up the walls.

Blue tape, and I like—I like great quality walls, and I don't like marks on my walls.

Scuff marks from people moving stuff in and out.

Goodness gracious, it drives me crazy. But I also understand that some hallways and some places are thin, and you know if you take a golf vacation and you've got someone's got a. Suitcase and then they got golf clubs and they're dragging them all over the place. You never know what's gonna happen. And I'm like, please, please, no, not on my walls. And it's easy to touch up, but it's one of those things where sometimes you may think you had like these pristine walls, but there really was already a scuff. You just forgot to touch it up the last time you were there, and you're sitting here trying to accuse somebody else of it, and that's not what you want to do either. You want everyone to have a really great time, and usually when you're renting a place, you're there to earn some extra income. And at the same time, this has to do with Airbnbs too, and Homeaways and all sort of good stuff. But you're there to earn a little extra income, but you also want to share what you have with other people so they can enjoy what you're doing. You know, I mean, we got friends at places in like Bodega Bay, and they're like, yeah, we, we bought this from a rental, but we also want people to enjoy it. We've got great views for a reason. And if we keep this all to ourselves, then what are we doing for anybody else?

Yes, definitely. That, that's why that, you know, the dynamic over what is the use case for all the ones that you mentioned at the top of the podcast oftentimes becomes the part of the planning process where you need to determine what is a good inventory for you because you're renting, or it's a vacation, or it's a partial vacation slash rental. Um, you know, it's all— it's like what I call a decision tree that I think we're trying to guide customers into over what is the most important aspect of a home inventory for your situation.

Correct.

Because there are so many different ones with, with multiple inventories, which, you know, or multiple homes. from the guy who kind of helps try to design how our product works, it means that our product needs to be flexible to handle these different situations.

Yeah.

Somebody who only wants to do videos, somebody who wants to do fixed assets 'cause it's only a rental, somebody who wants to do personal property, how to segment all these things, how to tie it to insurance. You know, a lot of times people who own multiple homes will go to that second home And they'll end up buying new stuff for it.

Yes.

You're like, oh, we haven't been here in a while. And, you know, we really want, you know, a foosball table or ping pong table or whatever, because, you know, and then all of a sudden you buy it, you store it in the garage, this, that, and the other. Again, that inventory piece is now, okay, as you've bought new things for the home, you want to be able to inventory those things to add them to the sort of overall inventory for the home for all these other different reasons. And you have to facilitate that by letting people take pictures of invoices or barcodes or whatever and making it super simple to update the inventory.

Yeah, and that's actually a good example that you just provided. You purchase these new items, you store them in the garage, they're fun items. And if people are renting your— let's just say people are renting your house or your kids are coming by, And they don't know you bought them and they want to be a good doobie by buying you the same thing, that could be a problem. That's one. But 2, if you don't inventory, you may have forgotten you've gotten it, and you may want to also encourage them to pull it out and play with it. But if, like anything, if things are stored in your attic drawers, closets, or garages and they're not front and center, you may not remember what you've had. So to your point, that's actually a good Good idea. You know, want to make sure you inventory everything so that you can identify how you're going to use the property and the items within the property.

Correct. And you know, those other two use cases that we talked about where you're managing your adult, your elderly parents' home. Yes. That inventory is both hey, you know, they're they're forgetting to clean the gutters and they're forgetting and and they're forgetting to drain the hot water heater and we need to sort of know that. But it's also an opportunity to start. creating the estate plan of their personal property, right? And let's say you have, you know, 2 or 3 siblings and they all live in different places and you want to have a system where everybody can share and see what's going on in their parents' homes, right? So, you know, that's one scenario. And then the other scenario where you have multiple people coming together to buy a second home because they don't— they can't afford to do it all on their own. Then it becomes an inventory of like, okay, you've got 3 couples that are going to buy the beach home in, you know, in Florida, and we're going to jointly furnish it. Well, who's bringing what? And sort of documenting all that things because eventually you may end up selling that and, or it gets damaged. And how do you sort of deal with all these situations? Again, you have to have a home inventory to kind of document how the thing got furnished upfront by the different parties that own, you know, different percentages of that other property. Yeah.

You know, and we— and you bring up a good point of, um, we keep talking a lot about damage, and we keep— poor renters— we keep blaming it on the renters. And, um, damage can actually come from theft in an area.

Yes.

Or it can come from some sort of weather event or, um, lack of maintenance event, which we can get to at a later time, but Having a home inventory can also support those scenarios. I mean, we have a lot of customers who— because you keep bringing up Florida and I want to bring up Florida— who have actually several homes in Florida that they use as vacation rentals. And with the most recent hurricanes, again, they're— I think they're tired of doing a home inventory. They're absolutely tired. They're like, I've done this so many times. Now the houses are flooded on the first floor. Now I need to do it again. I just, I'm tired of doing this. I want to talk to you about your system so I can make sure that I can get this done and I can take it with me. And if I decide that these properties aren't the ones I want and I want to buy in another location, that I can easily give this inventory to somebody else if I decide to sell it. But that's the other thing is One, making sure there's an inventory for those just-in-case situations, whether it's theft, a leaky toilet that's causing problems everywhere, a faucet or something, or a pipe burst. Pipe burst would be another one. Had to deal with that recently.

Yes.

Tell them the story. But also hurricane damage. That could be another scenario where you're dealing with this. And then It's escaping my mind already. Damage, but also making sure that that inventory you can transfer over when you buy a house. I remember when we bought our small little rental, we asked for an inventory and nobody had one. I'm like, well, how do I know what I'm buying? Right? So it's a fully furnished apartment, but how do I know what I'm buying? Or a condo?

Correct.

The furnishings come into that purchase price. Like, well, who's got an inventory? The property manager didn't have one, the owner didn't have one. And to be perfectly honest, I was a bit frustrated by that process. So this is just me personally, for everyone out there who's got rental properties and you want to try to sell them with furnishings in them. I mean, part of that's all part of the sale, but you're not documenting what's part of the sale. And let's face it, when you get real estate documents, There's a lot of legalese. And so why wouldn't we put a personal contents document into the property document when you're trying to sell it?

Absolutely. I think for the people who have multiple homes where furnishings are already there, I think a lot of that can be used to market the vacation home as a rental because you're like, if you rent this condo, you get, you know, the foosball table in the garage and you get the— you can fold out the ping pong table and you've got all the games. You've got it, you know, you've got it. And I think you have heard this recently, is that even a lot of the, um, the rental platforms, right, VRBO, Airbnb are probably the 2 of the big ones, but there's a whole bunch. They may even have requirements for you to have an inventory of things that are for safety purposes. Do you have fire extinguishers? Do you have smoke detectors? Do you have documented these things? I have not heard that. There's the aspect of, again, inventorying the things to market it to generate a vacation rental. And then there's the things that you may need to comply with, with either your own insurance company or the platform that you're actually using to try to market, uh, to get that additional income. All these things.

Yeah.

And it kind of goes back to what I said, that like you said, the people in Florida were like tired of doing all this stuff. It's— that's the value of technology. Yes, it's going to take you a little bit of time to do it up front.

Yes.

But once you've done it once and it's stored in a place where you can access it with any device at any time, then repurposing it and moving it and figuring out what's there, this, that, and the other, becomes so much easier. So there's like, yeah, there's a little bit of a hurdle to get it all done, but then once that hurdle is done, then you're coasting as it relates to what it takes to manage because Right. Pull up your phone, you instantly know what's in your, you know, condo in, I'll say, the Hamptons, right, instead of Florida. Uh, and so yeah, I think it's a huge aspect of, you know, people are starting to realize spreadsheets and, you know, photos on your individual mobile phone device don't cut it anymore. Uh, having kind of a dedicated system where all this stuff gets, gets documented once and with that, with Photos, videos, whatever the case may be, makes it hugely much easier to manage these multiple home scenarios.

Yeah, it sounds like we've really done a good job of covering various reasons to inventory your multiple homes and how to make it easier using tools like HomeZada and others. Um, is there anything else we need to talk about here? I think we've really done a great job of explaining all the different scenarios of multiple homes too. There's So many. And these are just some of the ones we know. And I guarantee you people will probably comment and say, well, I've got this scenario. I'm like, all right, love to hear it. Anything else you'd like to add?

I think it's just a human aspect of it. The people who own multiple homes, right? Congratulations to them. They've, they've gotten to a place in life where they can, you know, let's face it, people are predominantly doing it for income or leisure or whatever purposes. But then once you've done it the first time, then you realize, okay, there's more to manage. Because it's in a different location.

Yes.

But this is also good advice for people who are contemplating buying their next—

Heck yeah.

Their first, second home, right? So get your primary residence in gear first, right?

Oh yes.

And, and because then you're much more prepared to understand how important it will be to manage the inventory in your first, second home whether it's for rental or for vacation, you're in a much better mental headspace to understand what it's going to take. And you've got that, again, plan in place to manage it, to make the fun part fun and minimize the stressful parts of it by having a plan and some technology in place.

Totally. And I will, to that point that you just brought up, John, I will make this last comment from my perspective. I'm not saying your property managers are not great, but this is— they usually don't do this. I mean, at least mine doesn't. This is not what they're there to do. They're there to rent the property and to market it. So taking home inventory is something that, as the homeowner, that's in your best interest to do. The property manager is— they've got to manage all these properties.

Yeah.

I mean, I think our property manager manages like Hundreds and hundreds and hundreds of condos. And it's like they don't have time to worry about all that stuff. So it's our responsibility as the homeowners to do that.

Fantastic. I think we gave our audience an amazing amount of information on all these different use case scenarios. Great job, Elizabeth.

Yeah. Well, thank you all for being here on Be a Smarter Homeowner podcast once again. This time we were talking about multiple homes and why an inventory was really valuable. If you like this, please share it with who you think may need it. Anyone who's contemplating a multiple home, anyone who is already a multiple home owner, they may need these tips. And then also, if you want to read— excuse me, hold on. If you want to learn more about HomeZada or Be a Smarter Homeowner podcast, please visit us at homezada.com. Which is homezada.com, or visit us on any major podcast platform and you can see more of Be a Smarter Homeowner Podcast. But as of now, thank you so much, and we look forward to seeing you at the next Be a Smarter Homeowner Podcast.

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