Become a Creator today!Start creating today - Share your story with the world!
Start for free
00:00:00
00:00:01
Why Real Estate and Fixed Debt Builds Wealth
10 Plays18 days ago
🎧 Welcome to Thoughts For Rent — the podcast where real estate gets real (and local)!
Hosted by Jenni McKenna, a Las Vegas born and raised seasoned broker, and Owner of McKenna Property Management, this show is your inside look at what’s really happening in the Vegas property management and real estate world. With over 20 years of experience herself - Jenni brings not just knowledge, but heart to the conversation.
Whether we’re talking market trends, property tips, community happenings, or just the everyday quirks of Vegas living, this podcast is all about keeping you in the know.
💬 Real talk. Local stories. Professional insight – provided from a company who has their boots on the ground and hearts in the community.
In this episode, we’re covering how the real estate market is an amazing way for someone to build wealth and how we here at McKenna are passionate about how land can help you grown your wealth.
McKenna Property Management, proudly managing Las Vegas homes since 2005 (and loving every minute of it).
Hit subscribe and comment down below to join the conversation! 💛
✨ Stay connected with us!
Instagram: @mckennapropertymanagement
Facebook: McKenna Property Management
TikTok: @TheMcKennaTeam
Website: McKennaPropertyManagement.com
Phone: 702-434-HOME (4663)
Owner/Broker: Jenni McKenna B.29819
#ThoughtsForRent #McKennaTeam #LasVegasRealEstate #JenniMcKenna #PropertyManagement #MarketTrends #PropertyTips #Community
Recommended
Transcript
Introduction to Hosts and Podcast
00:00:20
Irelynn Zurflueh
Well, take it away, Jenny. Here we are. yeah Thoughts for Rent? keep Realtors keeping it real. I put you on the spot. She's used to me doing the intro. Hey, welcome to Thoughts for Rent. Realtors keeping it real. I'm Max Zerpflue and this is Jenny McKenna. Now it's more than normal. thing Pressure filled. Morning already. Plus, some team members were walking by our window and I was saying bye to them and it was like totally confusing. so sorry gotta be ready I'm a Boy Scout. I know. Be prepared. Be prepared. Proper preparation prevents piss-poor performance. I like it. It's the five Ps, baby. All right. Anyway, here we are. I'm Max Zerfloo, Jenny McKenna. We are realtors keeping it real on this podcast called Thoughts for Rent.
History of McKenna Property Management
00:01:01
Irelynn Zurflueh
Primarily because Jenny is the owner-operator McKenna Property Management, which is at the premier property management company in Las Vegas. True dat. And I am head of the McKenna Team sales team at Keller Williams, one of the premier residential real estate agents in Las Vegas. And let's also say that McKenna Team at real estate was established in 1978. You guys have been around for a while.
00:01:29
Irelynn Zurflueh
You guys, you were the McKenna team. You were both the McKenna team. Well, it was dad, my dad who started McKenna team. 1978, your father. Yep. 1992, you. Correct. 2005, me. And here we are.
00:01:41
Irelynn Zurflueh
Yep. I wonder if any of our kids will follow in your footsteps for that part of it. I don't know. Two of our children work for McKenna Property Management, your company. You could always transfer over. and I really should say our company. It's a community property state. I'm married to you. so but ah but ah I couldn't do it without you, Max. I know. no Behind every strong property management owner is a great husband.
00:02:03
Irelynn Zurflueh
Oh, that's probably very actually. I don't know if that's a statement I've ever heard. I think that's probably very true. I think you've picked out a topic for us today, Jennifer. You want to tell us what that is? Yes.
Real Estate and Wealth Building Through Fixed Debt
00:02:12
Irelynn Zurflueh
Why real estate and fixed debt builds wealth. You're reading notes?
00:02:17
Irelynn Zurflueh
You're looking down. have notes. But I like that that term fixed debt. I have not actually heard that. um until just recently. Everybody's always talked about, you know, oh, your mortgage on a property, it's fixed with your interest rate. Well, yeah you hope at least. but you want to get that. i think I think if you're doing long-term investment, that's one of the things that you're going to look for. You're not going to want to do an adjustable rate mortgage, or you're not going to want to do something where you're not going to have that fixed debt. But a fixed debt builds wealth. And that's what I wanted to talk about today. There's a four kind of four main things, and that's what I wanted to dive into.
00:02:56
Irelynn Zurflueh
Wasn't there a time in recent history when adjustable rate mortgages maybe caused some issues? i Yeah. It was called the recession. Yeah. For sure. Yeah. Fixed rates, the big way to go. So yeah, take it away. what do you want to do?
Investing in High-Value Properties for Long-Term Wealth
00:03:11
Irelynn Zurflueh
Well, so basically – What I hear so often is, oh my gosh, Jenny, at least in Nevada, so we're speaking in Southern Nevada ah properties, Las Vegas, North Las Vegas, and then Henderson. In order to get into a pretty good property, a property in a good neighborhood, three bed, two bath or two bed, two bath with a garage, you know, that would rent well, you're at about a half a million dollars.
00:03:36
Irelynn Zurflueh
true yeah Like 425 to 500,000. That's a large number to think, oh my gosh, am I okay to go get a loan for an investment property that's a half a million dollars?
00:03:50
Irelynn Zurflueh
And I say, yes, let's look to the future. So Max, talk to us on the real estate side, what that half a million dollars would would buy you and then we'll talk about how that can build the wealth. Well, i think you defined it. It's going to buy you a single family home in a decent area that people are going to want to move into. that You could probably be using as a very positive rental, couple car garage, three or four bedroom, little yard, sort of middle of the road. I mean, the medium home price for real estate in Las Vegas is now in the fours, mid s midfor So it's going to buy you a basic average single family home. We're just going to rent just fine. I mean, you don't have to go. You tell me. youre yeah No, you don't have to go top level on a rental, meaning you don't have to deck it out with everything as if you were moving into But you can't.
00:04:37
Irelynn Zurflueh
Because if you do, you out market some of your tenants, right? Yeah. Upgrades really help you get off the market quicker, but it doesn't really put more money in your pocket. We'd rather have to a million dollar house or a $750,000 house because there's a bigger pool of renters for a $450,000 house.
00:04:53
Irelynn Zurflueh
than there is for a million dollar house. Ding, ding, ding. Right. Yeah. And I think the myth is too, is I have some owners that say, well, if I buy this $800,000 house, I'm going to get a better resident.
00:05:05
Irelynn Zurflueh
I'm going to get a resident that's going to be a longer term resident. not Not necessarily true at all. I mean, if they're buying an 800, if they're renting an $800,000 property, if that's kind of what they like to live in, they very well may in a year or 14 months be out there buying their own $850,000 property. So I'm not, I don't believe that when an owner says, oh yeah, go into those higher price ah ah price price price range and you're going to get a longer term tenant. Well, in fact, of the matter is somebody who's paying $6,000 for a million dollar home to rent it, they can lose their job just as easy as the guy who's renting the $3,000 rental house. Yeah. And you want to hear a secret too, Max?
Challenges with High-Value Property Tenants
00:05:47
Irelynn Zurflueh
sure You're going to hear it right here on this podcast. oh Stand by. Drum roll. we need to With 20 years of experience, I'm going to share a secret. do I need to sit down? You're sitting down. Okay, go go ahead. Those that rent the $800 to $1 million dollar properties, they are high maintenance.
00:06:04
Irelynn Zurflueh
okay They demand everything to be top-notch, fixed immediately. And if something's just making a little tiny sound, they want new appliances. They want all six burners to be perfect. They want every baseboard to not be nicked. They demand almost perfection. So be ready for that.
00:06:25
Irelynn Zurflueh
So not if I have a property manager, great, they take care of it, but it could cost me more in maintenance and ongoing repairs and such, aren't they? And I find that owners get frustrated with it because they're like, really? I have to pay a service fee to go out there because there's a little bit of a hum in my Sub-Zero refrigerator. The refrigerator is working fine, but the resident is just not happy with the hum that they hear. wow That's a new sound effect. Off-topic alert. wo We're off-topic, Jennifer. Okay, let's get back on. We're just talking about fixed debt and
Long-Term Benefits of Initial Mortgage Challenges
00:06:59
Irelynn Zurflueh
building wealth. find pererator you find you find that property, you buy it. Now, in today's market, if you have to get a mortgage, that interest rate that you're going to get more than likely, unless you've got at least 45% down, you are going to not have your rent cover your full mortgage. Okay. You're just not. Okay. And that's just- 45% down? it It can be between, I'm going say between 40 and 45. If you get to 45%, I'm very comfortable that we're going to be able to cover your mortgage with your rent. Okay. um And remember, I'm talking about a mortgage that's going to be taxes, insurance, principal, and interest. PMI.
00:07:38
Irelynn Zurflueh
Yeah, the whole thing. The only thing I haven't incorporated- PTI. Is your HOA. Principal, taxes, interest. HOA, I could take your payment on But you're saying if you don't put a lot down, you you might be you might have rent that doesn't cover your mortgage. Well, that doesn't make any sense at all. Why would I do that? Why would I do that, people?
00:07:57
Irelynn Zurflueh
That's the question. That's what I keep getting. So I keep having owners that are saying it's the wrong time to buy, Jenny, because if I put my 20% or 25% down, I'm going to be out of pocket with the rent that you're telling me that house is going generate. I'm going to be out of pocket $200, $300 month.
00:08:13
Irelynn Zurflueh
And your answer is, who cares? Buy it. Yeah. And that this is exactly why we are talking about this topic. Well, it's also, we thought we're back on fixed debt. Correct. you buy a house today, the house we've we've described, your mortgage payment is $2,700 and you're getting rent for $2,500. Okay. That's today in 2025. Correct. Now, this is a fixed rate, probably a 30-year mortgage, unless you're aggressive on 15. Okay.
00:08:41
Irelynn Zurflueh
So it's $2,500 is my payment today. Sorry, $2,700 is my payment, 2025. 2030, what's my payment? $2,700. Okay. What about 2015? It might be a little bit different because taxes are going to go up a little bit. Maybe insurance is going to go up. But my payment basically stays the same. Correct. Your principal and interest stay the same. Does rent stay the No.
00:09:02
Irelynn Zurflueh
Oh, interesting. No. Interesting. So in five years, I would imagine conservatively your rent, at least talking about Southern Nevada, is going to be going up at least $250 to $300 on that same property.
00:09:17
Irelynn Zurflueh
so i might be getting close to covering my mortgage. Absolutely. I think rule of thumb is you should be getting pretty close to covering your mortgage on your second turn. So the first turn, if they won' if they're only there for a couple of years, you're probably going to get a little bit better on the rent, but maybe not completely covering it. But on your second turn, chase by you should definitely
Offsetting Losses with Property and Rent Value Increases
00:09:38
Irelynn Zurflueh
be covering it. Let's say I'm 200 upside down. Let's say I'm 250 upside down. okay That would be $3,000 year.
00:09:45
Irelynn Zurflueh
So for if i did if I was upside down $3,000 a year for three years, that's $9,000 that I pulled out of my pocket on top of my fixed thing. correct Now within that three year time period, if ah property values increase an average of 3%. Which is low.
00:10:04
Irelynn Zurflueh
Yeah, which is low. right now we're seeing a little bit of flattening out because we were so far ahead of the curve. Let's say it increases 4%. I'll go to 4%. Okay. Can go to 4%? Sure, to 4%. So got a $500,000 house. It increases 4% each year. So now increased in each one year, increases $20,000. it increases four percent each year so now it increased if in each in one year it increases twenty thousand dollars Ding, ding, ding. hu That's why. So my value's increased. Yes. the rent I'm paying, I'm receiving is increased, but my payment's staying the same. Exactly. And guess who's paying the majority of that mortgage?
00:10:38
Irelynn Zurflueh
The tenant. Correct. Or as we so say here, the resident. correct We like to refer to our tenants residents. no-brainer. It's beautiful. But then why are so many people so nervous about the way the market is right now?
00:10:50
Irelynn Zurflueh
Well... It depends on what kind of people you're talking about. If you're talking about savvy investors, they also don't purchase on that theory. by the okay Most home investors say don't don't invest in a property based on future increases or future value. okay And why not? They say invest only on ah ROI based on current values. I mean, I don't know why, but that's what a lot of your investors will do.
00:11:17
Irelynn Zurflueh
But it doesn't make any sense because they can make a heck of a lot of money if they just kind of ignore that. Because right now it's harder to get that ah ROI because of where the interest rates and the payments land. So I don't know why. i think they should. I think everybody should buy a house.
00:11:29
Irelynn Zurflueh
They should move into a house when they're young, they get married, whatever, or if they're single. Buy a house. they should They should have their whatever job is and make money and keep going and save some money. Then buy another house to move into and keep that first one as a rental.
00:11:42
Irelynn Zurflueh
That would be a great that'd be a great way to do it. But what if you're already in your primary residence and you're loving it? You don't need it any bigger. You've done everything that you want to do to your property. And you want stay there. And you want to stay there. You're not really looking to do anything.
00:11:54
Irelynn Zurflueh
Now, go out there right now and start investigating what your money can do. And just to understand that its rent's not going to cover your mortgage unless you're somewhere close to 45% down. If you can't do the 45% down, don't wait. Because every year they wait, what's going to happen with that home price?
00:12:16
Irelynn Zurflueh
If the interest rate goes down, the price will go up. Or even if the interest rate stays flat, there's a good chance prices will go up. Historically, 4% per year, 4% a year. you can you can You can go to the bank on it. Now, obviously when the crash happened, properties that were worth $400,000 dropped down to $200,000.
00:12:34
Irelynn Zurflueh
Many investors took the advantage you know took came in and took advantage of that, and they should. I think that's a great opportunity. They got a quick return, yeah. That was wonderful. But the crash doesn't happen. that In my life, of as far as being in real estate since 1992, that's the only time i saw something like that. Would you consider this wall wood?
00:12:54
Irelynn Zurflueh
No. It's kind of wood. Can you tap on it just for good luck? you want it to happen tomorrow. Oh, I gotcha. I got you tapping on. No, I mean, but in reality, even then the crash happened.
00:13:05
Irelynn Zurflueh
What would you do then to make sure that your property still was building wealth for you?
00:13:14
Irelynn Zurflueh
nothing. Keep renting it out, I think is the answer. Yeah, don't sell it during that time. The value, by evidence of what happened, comes back yes and goes higher. yes So that's when adjustable rate mortgages kind of killed a lot of people because if they had had fixed mortgages, they probably wouldn't
Importance of Fixed Mortgages for Financial Stability
00:13:31
Irelynn Zurflueh
have been so quick to either let them go back to the bank or or short sell them. So that fixed debt is pretty key in this whole thing. And that's exactly why I want to talk about it, because I do think we're going to start seeing where banks are going to get creative and they're going to bring back, because they always do. They're going to bring back some of those adjustable rate mortgages, or they're going to bring back fixed for seven years and then jumping into an adjustable rate. So I would say say that in order to truly build wealth, you should be looking at a 30 year fixed, get the best interest rate that you can. I love some of these new builders that are doing like $20,000 towards interest rate buy downs. I think those are great. Take advantage of whatever, whatever deal is out there, but know this, you may be coming out of pocket, but all you're doing is creating a savings account. We may have somebody in our family who's coming out of pocket right now on her property.
00:14:25
Irelynn Zurflueh
Yeah. No, she is. And it's hard for her. Yeah. It's just trouble. Generationally, she's like, oh my gosh. Oh my gosh. And... You know, just write it out. Can I tell you what? This is about investors, but we can also talk about homeowners and people who own a house versus the people who rent. There's a thing called a wealth gap.
00:14:45
Irelynn Zurflueh
Correct. right So the average wealth of a person who rents, average net assets, is $10,000 of a person who rents. And average net assets for a person who owns a home is $400,000.
00:14:58
Irelynn Zurflueh
Yep. That's a hell of a gap. Now, a lot of that can be attributed to the fact that people that are homeowners might have higher paying jobs and might have better opportunities. And it also is that they chose to buy a property instead of rent. All you're doing when you rent is you're paying, you're building someone else's wealth.
00:15:16
Irelynn Zurflueh
Yep. So. That's
Wealth Gap: Tenants vs. Homeowners, Why Ownership Matters
00:15:18
Irelynn Zurflueh
exactly true. It's huge. It's huge. Well, and right now the hot button is inflation. I hear it all the time on the news and in articles that I read. And the thing about inflation, when you have a fixed rate or are sorry, a fixed debt, inflation works in your favor now. Inflation not the bad word anymore. Inflation is actually wonderful when your debt is fixed because everything else goes up. you're Your rent will go up. The value of the... Food, eggs, gas. But I'm talking about like the actual what you just invested in will now go up.
00:15:51
Irelynn Zurflueh
True. I mean, what else you got? I mean, it seems like it's a no brainer. Can you stop talking about it now? Is there more to it? Well, just my question then go is... Why don't people do it? That's my question. that That's my question. Wow. Because there is something to be said that you do have things that break down in a rental compared to like when you buy stocks. When you buy stocks, you fork out the money, you keep your fingers crossed, you hope it's all getting managed correctly, and then there you go.
00:16:19
Irelynn Zurflueh
But with real estate, I always like to say that a property is kind of a living, breathing thing. There is going to be a dishwasher that malfunctions or a garbage disposal or what just happened at one of our properties where a tree literally uprooted and fell in the backyard. So there are things that are costs that you don't really know happen.
00:16:39
Irelynn Zurflueh
I'm a tenant. i don't have to worry about those costs. as a resident, you do not. And as an owner, yes, you do need to be prepared for it. But again... What I always like to say is 11 months, don't look at the 12th month. That 12th month is basically going into a repair account. But um'm that's on your owner's side. On the tenant's side, though, what's driving me not to buy a property?
00:17:02
Irelynn Zurflueh
Could be that I don't want to deal any of that stuff. Absolutely. I want to be able to go, hello, something just broke. Come fix it. Right. But real estate is a long race. It should be. It's a marathon, not sprint. Right. let's take two examples. My parents got divorced when I was five.
00:17:19
Irelynn Zurflueh
I think, yeah. was like 20 years ago. Anyway. Oh, yeah, right. They got divorced when I was five. My father, over here on one hand, said, I'm just going to rent. Because he was a simple man and he didn't want to deal with all the issues that come with homeownership. He wanted to get on the phone and say, something's broken, come fix it. now he He moved a lot. He was in apartments a lot. he was you know single. He was a teacher in Oregon. But so anyway, that's what hit the path he chose.
00:17:48
Irelynn Zurflueh
He has passed away now about, geez, almost 10 years, 11 years ago. But when he passed away, he didn't really have a big, he didn't have assets.
00:17:58
Irelynn Zurflueh
So there's one example. Right. He didn't have anything. I mean, had he had some stuff, but he didn't he hadn't built a nest egg. Correct. Correct. Now over here is my mom. Well, also, if he had lived longer, had passed 10, 11 years ago. Yeah. If he had lived even to this day right now, he may be out of money. Correct. His children would probably be having to help him. Possibly. Live. Live. I could have a retirement with the teachers thing. But anyway, that's true. But inflation hurts that. You never know. Yeah.
00:18:27
Irelynn Zurflueh
So that's the guy that rented for, i mean, I was, 59. That's years ago. yep Say he died 10 years ago. That's 45 years he rented. yep Didn't build up a nest egg. And my mom, after she got divorced, she remarried, but has always owned a house. Correct. No matter where she went.
00:18:44
Irelynn Zurflueh
She's now in her 80s. And you know she has now built up a huge nest egg of wealth because she chose home ownership over over just
Real Estate as Retirement Security: Owning vs. Renting
00:18:54
Irelynn Zurflueh
renting. And I, you know, life is different for everybody and we're not to tell people how they're going to live their life. But at the end of your, at the end of the game, when you're kind of retired and you're chilling, wouldn't you like to have a pretty big nest egg available to you?
00:19:06
Irelynn Zurflueh
I agree because it is less stress because when you are to a certain age, you have less energy. You don't want to exert as much. You don't want to start over. You don't want to do those kinds of things. You've kind of already done that, been there. So if you can think about it now and create these wealth um opportunities, which real estate is one of them, then you will be able to sit back as as a retired individual and do what you want to do without the stress. And I think that is the biggest thing that people are missing. They're thinking only for today. They're not thinking long-term.
00:19:45
Irelynn Zurflueh
It's not difficult. It's not. It can be scary. It's stressful, maybe. Well, in in all fairness, I came from a family of realtors, my dad. So the first thing I wanted to do when I graduated high school was buy my first piece of property, which I did. It was like a little studio.
00:20:01
Irelynn Zurflueh
And, you know, that was a wonderful thing. and And we got a great deal on it. We assumed a loan, yada, yada. I was never scared to spend at that time $80,000. Yes, it was a huge number in 1989, but I wasn't scared of it because i I watched my dad do it. I watched many people that my dad interacted with. you were assuming a loan. You weren't spending $80,000.
00:20:23
Irelynn Zurflueh
I was just assuming the loan and taking over the payments, right? Which is a a good way to start. Pretty good. So I just think that you've got to look at it from the standpoint of what is that fixed debt?
00:20:34
Irelynn Zurflueh
Can you afford the fixed debt and allow this resident to help pay that fixed debt? And as long as you've got all that worked out in your head, then this half a million dollar investment is not so scary.
00:20:50
Irelynn Zurflueh
We do have a culture where people... like to spend money right now yeah not on homes right But on other stuff, a lot of other you don't shop hardly at all. So I'm sure you can't equate to it.
00:21:03
Irelynn Zurflueh
Anyway, the younger crew like to go out. Everything's fancy. Everything's keeping up with the Joneses. Social media, I want to look like that. I want to do this. I want to go to this club.
00:21:13
Irelynn Zurflueh
i don't know if the whole, let's put some money aside for a home purchase or ah an investment property. i don't think it's top of a top of mind there. and I know that the average age of people who buy homes is now like in the 40s.
00:21:27
Irelynn Zurflueh
I know why that
Saving for Real Estate vs. Instant Gratification
00:21:28
Irelynn Zurflueh
is. Oh, you do? I do. Because it is an instant gratification. And instant gratification is let's go do this that might only cost $5,000 and then blast it everywhere and tell everybody how great that was rather than thinking, let's take that $5,000 and put it over here into a house fund. And in three or four years, go put a down payment down.
00:21:54
Irelynn Zurflueh
ye ah And it's not too sexy to put it on social media that you have your $450,000, three bedroom, one car, Too bad in the valley. yeah I mean, you're not going to be able to jump into those big, huge investments right away. You guys get in the game. Also damage done by HGTV and Bravo and all these shows that make homeownership is all, it's all fantasized and, and the process is great. And the guys on the phone, I'll give you one too. And then, and everything's all about, Oh, they got the nice, everything here.
00:22:27
Irelynn Zurflueh
Everything's got to be nice and beautiful, but, I mean, you can buy a pretty simple home. Yep. That's going to turn into a $500,000 savings later on. Yep. That's pretty good. I also look at it as a service to those that need it too. I mean, we have these properties that they put a roof over people's heads.
00:22:46
Irelynn Zurflueh
And I just think that, you know, you are, you're buying something and then you're going to allow somebody in there. Of course, they're going to It's going to benefit you by them paying the rent every month. But you're putting a roof over someone's head, which I think is – that's pretty – that's
Government Encouragement of Home Ownership for Wealth
00:23:02
Irelynn Zurflueh
a good service. i think government and officials and you know municipal governments always look at tenants versus owners. you know Many presidents in my lifetime have been we've got to bring homeownership up.
00:23:12
Irelynn Zurflueh
And that's so that that citizens can build wealth. So I think it's important to have a pretty good balance, tenants versus homeowners. thing going, but ultimately my final call is buy a house to live in or buy a house to invest in.
00:23:28
Irelynn Zurflueh
and it's going to be the, one of the best ways for you to save, but save money, brick and mortar, right? really Brick and mortar. And I do think that a lot of people have taken advantage of buying investment properties. I can tell you because the number of available rentals right now, in Southern Nevada.
Current State of the Southern Nevada Rental Market
00:23:43
Irelynn Zurflueh
This is just, again, Henderson, Las Vegas, North Las Vegas, no apartments. This is single family condo or townhome. 4,400 available properties. That's a huge number. That's a lot. Yes. Just to give you an example, three years ago, we were right around 1,800.
00:24:03
Irelynn Zurflueh
Oh, geez. People have taken advantage of this. It's something that you should really look to, put a plan together, or jump into the game now. Wait a second. You're talking about an investment property, but there's a lot of inventory out there for rentals? Whoa. There is. There's a lot of inventory for rentals. Isn't that counterintuitive? Well, it's about demand. People will continue to move to Las Vegas for jobs. And as the jobs keep coming, then that that demand will pick Correct itself? Yeah, it will correct itself. It's like anything. Real estate's in a situation where it has to do a correction. rental properties right now, we follow the real estate trend. We're about two years behind it. We are in a correction status as well.
00:24:41
Irelynn Zurflueh
And then right after that's coming commercial, probably. Probably. I'm not an expert on commercial, but my my assumption and my guess would be yes. Give us your final final thought for rent, Jenny. What is it?
00:24:52
Irelynn Zurflueh
What's your final thought?
Conclusion: Investing for Wealth and Podcast Sign-off
00:24:55
Irelynn Zurflueh
Figure out how to buy your first investment property. You heard it here, folks. Jenny McKenna, queen of property management, queen of real estate in Las Vegas. Figure out a way to buy an investment property.
00:25:09
Irelynn Zurflueh
That's us, Jenny McKenna, Max Zergslu, Realtors Keeping It Real, Thoughts for Rent. Subscribe to our podcast. Send us feedback. We love to hear it. And we'll talk to you next time on Thoughts for Rent.
00:25:20
Irelynn Zurflueh
See ya.