You need to know in the massi memo because information is power. And the property man has got you covered. Thanks for joining us. Im bob massi. One of the greatest aspects of the internet is its ability to connect people to each other. Its now changing how people use their homes, with countless sites popping up that allow you to turn your property into a shortterm rental. It was born out of, uh, just an idea of of renting out a couch. It facilitates a transaction between host and travelers. And, uh, now its just exploded. Theres homeaway, flipkey, vrbo, roomorama, and, of course, the biggest and most wellknown, airbnb. Airbnb redefined and expanded room capacity throughout the world. It shifted the economic models of the lodging and travel industries and tourism destinations. The growth of airbnb has been staggering. Two million rooms. If you take a look at marriott, they have maybe 750,000 rooms. Scaled very, very fast over a very short period of time. Bob cox had a large shed on his desert property outside of cave creek, arizona. He decided to turn it into a rustic yet modern cabin. The floor is recycled pallet wood. This is a door from an industrial building in downtown phoenix. He tore out much of the walls and installed garage doors on both sides, which open up to completely bring the nature in. The concept here with the kitchen is have an open plan so that you can prepare a meal here. And your guests can sit at the stools. So youve got this interactive indoor outdoor kitchen. Bob listed the cabin on airbnb and says that its been great. People whove stayed here have a unique experience. They have the openness of the house. They can eat outside. He says so far every guest who has stayed here has been wonderful. And they have really enjoyed it. Some of my guests say this has been the best experience of their life. Its that unique. You can go to the grocery store. You can go to the restaurants that are 5 minutes away. Theres the same exposure to the area, but the privacy of being in your own space. Theres a fireplace stove. Theres an outdoor fire pit. Theres horseshoe pits. The cabin provides a truly authentic and private desert getaway. Almost everybody thats stayed here likes to hike, enjoys wildlife, enjoys the desert. You have an authentic experience that youre not gonna get from a hotel thats downtown. Its out in the surrounding community. And many folks really appreciate that. Some people just cant handle the thought of strangers living in their homes, while others embrace it. Im really open to having people stay in my home because its just stuff. Its all replaceable. Rachel hillis and her family often rent their house out through airbnb. I am so thankful for this website because by opening up our home, that gives us the ability then to go and travel, which i think is key to a family. They have traveled all over the world, staying at other peoples homes. One of the trips that i loved was when we went to florence as a family. We were able to rent an amazing castle for about 145 a night. We each got our own rooms. So how does it work . You have to fill out a profile. Theres gonna be a list of possible places with descriptions and something about the host. And you can read through what people have posted so you feel comfortable. I stayed the first time in paris using airbnb. And it was a really easy process. Just clicked on, um, the map of paris and clicked where i wanted to stay. And there are many people out there who feel like you cant really get to experience an area by staying at a hotel. I can do laundry, have my own bathroom. I could open up the windows and see the neighborhood. That truly made me feel like i was in paris. Whats really critical is trust in this whole process. When first meeting our visitors, we meet them at the door, show em around the house. Ive had absolutely no problems. All the people have left the cabin the way they found it. This is our welcome book that we created, our family picture. And then a list of area foods and drink places, our Favorite Places to go. Airbnb is a unique culture, i think. Part of it is the way guests review the host, and host reviews the guest. So it keeps it honest for both of the people. If youre thinking of doing this, you have to check the rules of your apartment complex, hoa, and local government laws. Its all very new. But suddenly, the laws are catching up. Every state, every locality could be very different in terms of of their rules and regulations. So you really have to be on top of that. In the state of arizona, the governor recognizes that this could be a great revenue generator. But in other places, it could be up to, you know, your hoa, your city. It could be your lease agreement. San francisco law currently states that you can only rent out your own primary residence. Airbnb recently agreed to crack down on people listing multiple homes in San Francisco and said it will kick hosts off the site who turn homes into private hotels. Cities like new york have banned rentals of less than 30 days to try and crack down. Like uber drivers who are suddenly caught between being a carpool and a taxicab, people now are finding themselves to almost be amateur hotel operators. You know, youre like a quasiprofessional because youre not a business. Youre not a person. Youre kind of in between. So you youve gotta be familiar with the laws and the rules and the regulations. So the Hotel Competitors are just going to have to figure out how are they gonna compete. They may get into shared alternative accommodations. And the chess moves are on. Up next, ill take you behind the scenes of this National Historic landmark that may have changed the way you live without you even knowing it, the home of legendary architect Frank Lloyd Wright. Today, were out here with some big news about type 2 diabetes. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. [fbi agent] youre a brave man, your testimony will save lives. Mr. Stevens . This is your new name. This is your new house. And a perfectly inconspicuous suv. You must become invisible. [hero] ill take my chances. Welcome back. Im bob massi, the property man. Ask any american to name a famous architect, and ill bet you hear only one name Frank Lloyd Wright. Considered the greatest american architect, his concepts on how we live, how homes are designed, uh, it was really revolutionary. Wright was born in 1867 and was already working as an architect by the time he was 20. Over the next 70 years, he designed pretty much anything you can think of residential homes, schools, churches, skyscrapers, even museums, like new yorks guggenheim. He started practicing in the late 1800s. And he really broke away from the traditional models. He really changed the way things were built and how people lived in america. In the 1800s, victorian homes were what wright called boxes within boxes. Square house, square room. You open a door, go into the next square room. He blew all of that open. Wright wanted buildings in the United States to have their own character, one uniquely american. So in 1937, he bought 160 acres of land in arizona and built what he called his winter camp, Taliesin West, right here in scottsdale, arizona. He had been here in the 20s working on the arizona biltmore hotel. Uh, fell in love with the desert. It was just for him, it was just pure geometry. The rocks of the mountain, the form of the plants. This was his laboratory. It was a place where he came and experimented with architecture. Today it is the home of Frank Lloyd Wright school of architecture and the Frank Lloyd Wright foundation. And the property itself, its a work of art. Wright built to the human scale. Everything in the desert is low. The trees are low. Um, so his buildings are low. He also uses the low ceilings to kinda push you through spaces, right, at an entrance, drop the entry real low. And that helps push you into the space. Its a little technique he called compression and release. We call this the garden room because you sit on the bench here, and it frames the view of the mountains, uh, in the distance. It captures the garden. He uses a japanese technique called the borrowed landscape. He lived the way he believed. And he designed the way he felt things should look. It almost like a seamless transition between outdoor and indoor. Even if you didnt know what he did, it was from when i was a kid, Frank Lloyd Wright, you knew this guy was an icon. And why did he become such an icon . Well, you know, i think he was a biggerthanlife personality. He really wanted to revolutionize the way americans lived. You hear about people that write music, and its always in their mind, the lyrics and the sound. When you see the things he designed, its gotta be the same type of genius. He would walk around and just create the whole building in his head. Then hed go into the drafting studio, sit down at the table, and just pour it all out. The entire compound sprawls over 491 acres and was constructed over a span of 20 years by wright and his apprentices. So this is the drafting studio. This is where the guggenheim was designed. During the depression years, he didnt have a lot of work. His wife said, if you cant create architecture, why not create architects . And so he started the school. When you come to taliesin to study, youre fully immersed in architecture. Uh, youre living it every day. Youll see the students working in the drafting studio, uh, cooking in the kitchen, setting the dining room. And the students have been working in this space, the apprentices, uh, continually since 1932. You know, theyre learning by being completely immersed in the, uh, the buildings of taliesin and Taliesin West. Talk about immersive learning. Just as they did in the beginning, the students live in the desert. Instructors, they make themselves. When wright first came here in in 1938, there was nothing here. So he purchased these canvas tents for the apprentices to live in while they constructed Taliesin West. As they had free time, they would expand on the tent. Maybe add a wall, add a concrete floor, until it kind of grew into a shelter. And then this tradition continues on in our school. The students build their own shelters. We live out in the desert. And thats a way of engaging with the Natural Environment and knowing how to respond to the climate through architecture by living in it and being subjected to it day after day after day. Over time, Taliesin West expanded to include studios and performance spaces. He designed the music pavilion. Music and dance were always an important part of the community. Uh, this building was constructed in 1956. The apprentices would, uh, put on a performance, open it to the public. Uh, you could come up and see the show. This is the cabaret theater. After world war ii, wright, uh, in 1950 constructed the cabaret. Its built down into the ground. Its a wonderfully acoustic space. From any spot in the theater, you can hear even the tiniest whisper coming from on stage. Its all concrete. But theres no echo. And you cant design a commercial kitchen if youve never worked in a commercial kitchen. You cant design a restaurant if youve never served. So on these formal evenings that they would have, the apprentices were in charge of making the meals, serving the meals, uh, setting the, uh, tables. You have to understand what youre doing. And the best way to do it is just do it. The signature feel of Taliesin West is desert intensified. He wanted Taliesin West to feel like it had just grown out of the desert and it kind of had been here for all time. If you kind of look at these masonry walls, and you looked at the floor of the desert, and you just imagine tilting up the floor, thats what these walls represent. Taliesin west is preserved as a National Historic landmark. And members of the public arrive every day for guided tours. We have over 100,000 visitors a year that come through and get to experience this jewel that wright created in the sonoran desert. Up next, i received an email from a couple whos been trying to buy a home in a short sell, but getting the runaround from the bank. Ill go meet with them, next. Today were going to talk about trucks. Which of these truck brands do you think offers best in class hd horsepower and the most capable offroad midsize pickup . Id go ram. I would put it on ford. Lets find out. Noooooooo. Chevy. Thats right, its chevy. They look amazing. Wow. Chevys killin it. Yeah, definitely. Trade up to this light duty silverado all star and get a total value of over eleven thousand two hundred dollars. Or during truck month, get 0 financing for 72 months on our most popular chevy trucks. Find new roads at your local chevy dealer. Welcome back. Im bob massi, the property man. I received a letter from a couple named noreen and shawn in tucson, arizona. Nearly a year ago, they put in an offer on a house that is listed for a short sell. Its a property i used to play when i was a a child, 7, 8 years old. Lot of memories. Lot of memories. Lot of good memories. Yes. The property that they want was bought by the current owner in 2006 for 600,000, right before the Housing Market collapsed. Its now worth just a little over half that. He had a situation, losing his job. So they tried everything they could to keep the property. But they realized how much we care about it, and that were gonna take care of it. Now, to your knowledge, when was the i understand that they vacated the property. How long ago . Goin on 2 years. They havent even made payments for a couple years . Correct. The home has been empty for 2 years and is slowly falling apart. Its dilapidated. There is no landscaping. Its horrible. Mother earth has taken over, if you will. Now a short sell is when youre selling a piece of property for a value less than whats owed. Chase bank serviced the mortgage. But the actual note was owned by fannie mae. Noreen and shawn 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. And over the course of a few months, noreen and shawn went back and forth to the bank with offers and counteroffers. So much frustration. Lot of emotions. Were were just a a a piece of paper on somebodys desk. They dont know us. They dont care about us. Finally, an offer was accepted. But the same day noreen and shawn sent in their signed paperwork, the note was sold yet again. The owner accepted it. We accepted it. We all signed on it. The bank didnt. At which time, they sold it again. Its been, uh, an emotional rollercoaster. We have Storage Units full. Were were ready to go. And, uh, this house, this note, the piece of paper just gets shifted from, uh, Financial Institution to another one to another one. Even though the seller agreed to their offer, it still has to be proved 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 of it. Because of the history. He knows ill take care of it. Hes a great guy. Heres a perfect example of two people whove had a meeting of the minds, the seller and the buyer. Youre willing to pay. Hes willing to sell. But in this situation, we have a third party involved, which is why the short sell process is so frustrating. Weve been in this process for 7 months now. So in 7 months, youve literally had three servicers of this loan. Yes. That youve had to try to negotiate with. Yes. Correct. Theres also a second mortgage and a judgment on the property. The judgment theyve negotiated with. Theyre willin to go away for a sum of money. Okay. Theyre gonna have to negotiate with the second. They dont seem to be budging. Even if the second mortgage decides and says, well take 10,000 to write it off. Lets say they owe 200,000. The big issue for the seller is, will that first and second mortgage waive the balance as whats owed on that property . Remember, on a short sell, assuming the lender agrees to sell the property for less than whats owed, the key for the seller is that deficiency, the difference between the actual value received and the money owed is what you wanna have waived. Its the second mortgage that has many times caused the problem. So if if they accept it, and they waive, you got a deal. Then you close escrow. And life is good. You get the property. The seller walks away from the debt. And thats it. If, on the other hand, the answers no, the answer is no. Right. And the frustrating part for so Many Americans that went through this process is they saw a ready, able, willing buyer that made a good offer on that property. The lender turned it down, foreclosed on the property, and sold it for less than what the offer was in a short sell. Dont even ask me to explain why and how. It makes no sense. My vision is a wraparound porch around the whole thing. This house could be so beautiful. I can feel the emotion in your voice. And i dont know how you walk away from this and and how youre dealing with the idea that you may not get this. Ill get it. It saddens me every day that i drive by this property, knowin its not bein taken care of, bob. If you come back in a year or 18 months, after im in here, you wouldnt believe your eyes. Were going to follow shawn and noreens story. And well let you know if theyre ever able to get this property. Its easy to think that all Money Managers are pretty much the same. But while some push High Commission investment products, Fisher Investments avoids them. Some advisers have hidden and layered fees. Fisher investments never does. And while some advisers are happy to earn commissions from you whether you do well or not, Fisher Investments fees are structured so we do better when you do better. Maybe thats why most of our clients come from other Money Managers. Fisher investments. Clearly better money management. You know win control . Be this guy. Check it out selfappendectomy oh, thats really attached. Thats why i rent from national. Where i get the control to choose any car in the aisle i want, not some car they choose for me. Which makes me one smooth operator. Ah still a little tender. vo go national. Go like a pro. Copdso to breathe better,athe. I go with anoro. Go your own way copd tries to say, go this way. I say, ill go my own way with anoro. Go your own way oncedaily anoro contains two medicines called bronchodilators, that Work Together to significantly improve lung function all day and all night. Anoro is not for asthma. It contains a type of medicine that increases risk of death in people with asthma. The risk is unknown in copd. Anoro wont replace rescue inhalers for sudden symptoms and should not be used more than once a day. Tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. These may worsen with anoro. Call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. Ask your doctor about anoro. Go your own way get your first prescription free at anoro. Com. Time now for the massi memo. I received an email from john. It was his first house he bought in texas. His mother flew down to help him set up the house. And when they were in the kitchen, johns mom said, you know, this kitchens very dark. Whats the story . So they started walkin around the house. Theres two windows on the outside part of the house that was covered with bricks. And the inside of the house, where the kitchen is, the cabinets covered up the windows. Whats amazing is, probably in his excitement of buying a home for the first time, and it happens to all of us, they never saw it. So were starting a new segment on the property man called property bloopers. So send us your pictures of any property bloopers to propertyman foxnews. Com. Cant wait to see them. Thats 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. And dont forget to check us out on facebook and twitter. Theres also plenty more information and videos on our website. Shes raised in daddys junkyard. You would play here . This was the best playground any girl could ever ask for. That he fights city hall to save. John was absolutely the hell, no, i wont go center of the resistance. A oneman wrecking crew in more ways than one. Id wished him dead so many times cause i was so angry with him, but i never wanted that for john, never. I honestly still have a scar on my knee from sinking to the ground so quickly. He leaves her a mess. Can she make it her dream . The wedding was here on the junkyard. Excuse me . [ laughs ] [ door creaks ] [ wind howls ] [ thunderu