Behind the gates of property that you have to see to believe. At the end of the show, ill give you critical tips you need to know in the massey memo. Information is power in the property man. Thanks for joining us, i am a bob massi, one of the greatest aspects of the internet is its ability to connect people to each other. It is now changing how people use their home. Countless sites popping up that allow you to turn your property into a shortterm. Was born out of an idea of renting. To facilitate a transaction between houston travelers. Now, it has exploded spee01 to its home away, brb oh, room drama, and the biggest and most wellknown, air b b. Air b b redefines an expanded room capacity that shifted the economic models and tourism. The growth of air b b has been state. When you take a look at that maybe 700,000 is very, very fast and it very short amount of time. Hes got a large shed on his property outside of arizona. He decided to turn it into a rustic area. Before his recycled board and this was on board from investor buildings downtown phoenix. You throughout much of the walls and install garage doors on both sides. It opened up to completely bring nature. The concept was to have an open plan so that you can prepare a meal here and then your guests can sit at the stool we have this interactive, enter outdoor. Bob listed it on air b b is great. People who stay here have a unique experience. Have the openness of the house, they can eat outside. He says so far every guest estate here has been wonderful. They have really enjoyed it. , i guess say this is that the best vacation of their life. Its unique. You can go to the Grocery Store its five minutes away and is the same exposure to the area but the privacy. There is a fireplace, an outdoor fire pit, theres horseshoe pits it provides an authentic and private and will. Almost anybody that stayed here enjoys wildlife. We have an authentic experience to get from the hotel and many folks know and appreciate that some people just nt handle the thought of strangers living in the home while others embrace it im open to having people stammer home. Just as its all replaceable. Rachel and her p. M. Often rent the house out to air b b. Im thankful to this website because of cleanup our home gives us the ability to go travel which i think is key for family. They have traveled all over the world scene at other people s homes. Another trip that i loveds we went to florence as a family. We are able to rent an amazing castle about a hundred 45 per night, we chat our own room. How does it work . [inaudible] its something about the host, so people feel comfortable. The i stay the first time in paris using air b b. It was an easy process. Just click on the map of paris and clicked where i wanted to stay. There many people out there who cannot experience in area by staying at a hotel. I can do laundry, have my. I can open up the windows and see the neighborhood that julie made me feel like i was in paris what is critical is trust in this whole process. When first meeting our visitors we meet, so around the house. I have no problem with all the people who left the cabin the weather found it. This is our welcome book we created our family picture. And then ill list of area foods and drinks, and our Favorite Places to go. Air b b is culture. Part of it is the way guests reviewed the host and the host reviews the guest. It keeps it ominous for. If youre thinking about doing this you have to check check the roots of your apartment complex, ho a and local laws. It is all new but sadly the laws are catching. Every state, every locality can be different so you have to be on top of that. In the state of arizona governments recognize this could be a great revenue generator. In other places it could be up to your chilly, your city, it could be your lease agreement. San francisco law currently states you can only rent out your own primary residence. Air b b recently agreed to crackdown on people listing multiple homes in san francisco. It will kick host off the site turn homes into private hotel. Cities like new york have banned rentals of less than 30 days. Like uber drivers were suddenly caught between being a carpal in a taxicab. People are now finding themselves to be amateur hotel operator. Youre like a professional. You are not a business, you are not a you can be between. You have to be familiar with the laws, rules, and regulations. Hotels are going to have to figure out how they are going to compete. They make it into shared alternative accommodation. Up next, i will take you behind the scenes of National Welcome back. I am bob massi, the property man ask anywhere concerning the famous architect that use your only monday. Frank lloyd wright considered the greatest american architect. His concept and how we live, how homes were designed is revolutionary. Wright was born in 1867. Was already working as an architect by the time hes 20. Over the next 70 years he designed anything you can think of. President ial homes, schools, churches, skyscrapers. Even museums like new yorks he start practicing in the late 18 the traditional models. He change the way things were built. And how people lived in america. In the 1800s victorian homes where square house, square room, you open a door going to the next square room. He blew that open. You want to buildings in the united stas ha their character. Why uniquely american. In 1937 he brought 160 acres of land in arizona. He built what he called his winter camp. Was right here in scottsdale, arizona. He had been here in the 20s working on the hotel and fell in love with the desert. For him it was your geometry. The rocks, mountains, it was his laboratory. A place where he came and experimented with architecture. Today it is the home of his school of architecture in the Frank Lloyd Wright foundation. The property itself is a work of art. He built of the human scale. Everything in the desert is low, the trees are low, so is building tunnel. He also uses low ceilings to push you through spaces. Like the entrance, dropped the entry below should the space bar skull compression and release. You sit on the bench and it frames the view of the mountains in the distance. It captures the garden. Use of the japanese technique called borrowed landscape immaculate the way he believed that he designed that things should look. Some of like a seamless transition between outdoor and indoor. From when i was a kid frank loyd wright, you knew he was. He was a light personality, he really wanted to loosen her the way americans live. Did you hear about people who write music is always in your mind, the lyrics, the sound. When you see the things its like a genius. He would look at the whole building in his head and then going to the drafting studios and import all out. The entire compound is over 491 acres. Constructed over span of 20 years by right. This is a drafting studio where guggenheim was design. He did not have a lot of work. If you cannot create architecture they created the school. When you come your fully immersed in architecture. You are the everyday. Youll see students working in the drafting studio, cooking in the kitchen, setting the dining, and the students have been working in the space continually since 1932. They are learning by being completely immersed in the building. Talk about immersivning just as they did in the beginning, the students live in the desert with structures themselves. He first came here 19. There is nothing here. He purchased the campus ten for the apprentice to live in while they constructed. At the head pretend they would expand on the tenth. Maybe at a wall, concrete floor until it grew into a shelter. And this tradition continued on our school. The students built their own shelter. We live in the desert and that is a way of engaging and knowing how to respond to nature by living in it. Overtime they expanded studios and performance spaces. He designed the music pavilion. Music and dance run apart parts of the community. This building was constructed in 1956. The apprentice was put on a performance, open to the public, he would come up. This is a cabaret theater. After World War Two in 1950 he constructed the cabaret that was built into the ground. It is a wonderful keepsake space from any spot in the theater you can the tiniest was for onstage. It is all concrete but no echo. You cannot design a commercial kitchen if you have never worked in. You cannot design a restrant if you have ner served. So in whatever they were ming their rechargeable serving the meals, setting the table. You have to understand the best way to do it is just to do it it is desert intensify. He wanted it to feel like it had grown out of and it had been here for all time. If you look at the walls and look at the floor of the desert and imagine the floor, that is also present. It is preserved as a National Historic landmark. Members of the public arrive every day for guided tours. They have over 100,000 visitors. That come through and get to experience this jewel. Up next, i receive an email up next, i receive an email from a couple who had tried to say carl, we have a question about your brokerage fees. Fees . What did you have in mind . I dont know. 4. 95 per trade . Uhhh. And i was wondering if your brokerage offers some sort of guarantee . Guarantee . Where we can get our fees and commissions back if were not happy. So can you offer me what schwab is offering . Whats with all the questions . Ask your broker if theyre offering 4. 95 online equity trades and a satisfaction guarantee. If you dont like their answer, ask again at schwab. I am totally blind. And i live with non24, a circadian rhythm disorder that can throw my days and nights out of sync, keeping me from the people, places, and things i love. The people i love have always been there for me. And now, im there for them, too. Talk to your doctor, and call 844214424 to learn more. Theres nothing more important than your health. So if youre on medicare or will be soon, you may want more than parts a and b heres why. Medicare only covers about 80 of your part b medical expenses. The rest is up to you. You might want to consider an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like any Medicare Supplement insurance plan, these help pick up some of what medicare doesnt pay. And, these plans let you choose any doctor or hospital that accepts medicare patients. You could stay with the doctor or specialist you trust. Or go with someone new. Youre not stuck in a network. Because there arent any. So dont wait. Call now to request your free decision guide and find the aarp Medicare Supplement plan that works for you. Theres a range to choose from, depending on your needs and your budget. Rates are competitive. And theyre the only plans of their kind endorsed by aarp. Like any of these types of plans, they let you apply whenever you want. Theres no enrollment window. No waiting to apply. So call now. Remember, Medicare Supplement plans help cover some of what medicare doesnt pay. Youll be able to choose any doctor or hospital that accepts medicare patients. Whether youre on medicare now or turning 65 soon, its a good time to get your ducks in a row. Duck quack call to request your free decision guide now. Because the time to think about tomorrow is today. Welcome back. I am baby to bob massi, the property man. A year ago they put in an offer on a house that was listed for a short sell. It is a property i used to play when i was a child, seven or eight years of. A lot of memories. The property they want was bought by the current 2006 for 600,000. Right before the Housing Market collapsed. It is now worth just a little over half of that he had a situation of losing his job. So they tried everything they could to keep the property. They realize how much we care about it and that we are going to take. To your knowledge, i understand they vacated the property how long ago . Going on two years. They did not even make payments for a couple of years. Correct. The home has been empty for two years and slowly falling apart. It is dilapidated. There is no long been,other earts taken over. A short sale is when youre selling to be the property for a value less than what is okay chase nk service the mortgage. The actual note was owned by fannie mae. Sean put in an offer but the same day the note was sold. At which time when fannie mae realized they made a mistake there was an offer on the table, they had to buy it back. Over the course of a few months they went back and forth to the bank with offers and counter offers. It is so much frustration, a lot of emotion. We are just a piece of paper in somebodys desk. They did not know us or care about us. Finally an upper was accepted but the same day they sent in their signed paperwork, the note was sold, yet again. The owner accepted it, we accepted it, well find on, the bank didnt. At which time we sold it again and it was an emotional roller coaster. We were ready to go. This house and this piece of paper just gets shifted from Financial Institution to another one, to another one. Even though the seller agreed to the offer still has to get through by the new holder of the note. The seller really wants you to have this property because he knows im passionate about this property. Because of the history. Because he knows i will take care of it, he was a great guy. A perfect example of two people at the meeting up. The seller and buyer. Youre willing to pay, he is willing to sell. But in the situation we have a third party involved which is why this short sale process is frustrating. We have been in the process for seven months. In seven months you literally had three servicers of the loan. Eporter and you had to try to negotiate with. There is also a second mortgage and judgment properties the judgment they negotiated with are willing to go away. Theyre going to have to negotiate with the second. Agent not to the budget. Even if the second mortgage decides will take thousand dollars to write it off. They owed 200,000. The big issue for the sellers, will that first and second mortgage way the balance of what is owed on that property . Remember, on a short sale assuming the lender agrees to sell the property for less than what is owed, the key for the seller is that deficiency, the difference between the actual value, receipt, and money owed is what you want to have waived. It is the second mortgage that is many times caused the problem so, if they accept it and they wave you have a deal. Then you close escrow. And life is good. You get the property, the seller walks away from the debt, and that is it. If, on the other the answer is no, the answer is no. And the frustrating part for so Many Americans that to this process is they saw a ready, able and willing buyer that made a good offer on the property. The lender turned it down, foreclosed and sold it for less what the offer was in a short sale. Dont ask me to explain why and how. It makes no sense. My vision is a wraparound porch on the whole thing. This house to be beautiful. I can feel the emotion in ur voice. I do not know how you walk away from this and how you are dealing with the idea that you may not get this. I will get it. It saddens me every day i drive by this property knowing that it is not be taken care of. You come back in one year or 18 months after in your. You would not believe when heartburn hits, fight back fast with tums smoothies. It starts dissolving the instant it touches your tongue. And neutralizes stomach acid at the source. Tum tum tum tum smoothies only from tums time now for the messy memo. I received an email from john. Was the first house he bought in texas. His mother flew down to help of the house. When they are in the kitchen john month that, this kitchen is very dark, what is the story . He started Walking Around the house and theres two windows. On the outside part of the house is covered with bricks in the inside with the kitchen is, the cabinets covered up the windows. Whats amazing is probably in his excitement of buying the home for the first time, it happens to all of us, they never saw it. Were startg a new segment called property bloopers. Send us your pictures of any property bloopers to property man at foxnews. Com. Cant wait to see them. That is all the time we have for today. Be sure to send me your property stories, questions or pictures of your property bloopers. Send them to property news at foxnews. Com and check us out on facebook and twitter. Theres also plenty more information and videos on our lou good evening, everybody. President trump taking the lead on tax reform and proposing a massive overhaul to slash rates for all american and stimulate Economic Growth treasury director and director of the Economic Council taking the lead in the White House Briefing today. They introduced it to the newsa media and it would reduce it from seven to throw. It would double the standard deduction