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Global Investors: Foreign Investing In US Real Estate with Charles Carillo
Are rent concessions helping your property or quietly destroying your NOI? In competitive multifamily markets, free rent, waived fees, and move-in specials are everywhere. But what looks like a small concession on one unit can scale into serious cash flow erosion across an entire apartment complex. In this episode of Strategy Saturday, we break down: How rent concessions impact multifamily cash flow The difference between asking rent and effective rent When concessions help during lease-up and stabilization Why heavy concessions create renewal problems How concessions affect apartment valuation and refinancing The underwriting mistake many investors overlook If you own, operate, or invest in apartment buildings, understanding how concessions affect NOI is critical. Used strategically, they can help stabilize a property. Used incorrectly, they can compress margins and reduce long-term value. Before offering one month free rent or underwriting a deal with concessions - Listen this. Links Referenced in Episode: SS50: How To Retain Excellent Tenants - https://youtu.be/ytM8WanCZ_E Connect with the Global Investors Show, Charles Carillo and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/
https://youtu.be/-kpAFTj-x7ghttps://odysee.com/@NaomiBrockwell:4/Limits-of-Privacy:1'Privacy is impractical.' 'Concessions are necessary.' 'Be realistic.' These views about becoming mainstream. And they're wrong. Here's why limits on privacy are never a price worth paying for adoption, no matter how reasonable the argument sounds.00:00 The Privacy Salon01:40 Shifting Baseline Syndrome Over Time04:30 The Machine We Built08:24 No More Compromises09:40 The Debate10:54 Privacy Enables Freedom11:20 Shifting Baselines11:54 False Company Claims12:37 Security Risks13:39 In ClosingThis debate is not about whether limiting privacy can accelerate growth. It is about whether trading long-term freedom for short-term scale is a price we should be willing to pay, and the answer is no. Because what's at stake is security, freedom, and human dignity, and the cost of losing that in society for future generations is too high.Learn More On Shifting Baselines in our previous NBTV video:https://www.youtube.com/watch?v=aXhXkXcMXyMBrought to you by NBTV team members: Lee, Derek, Will, and Naomi.NBTV is a project of the Ludlow Institute, a 501c3 non profit whose mission is to advance freedom through technology.To support NBTV, visit:https://LudlowInstitute.org/donate(As a 501(c)(3) non profit, all donations are tax-deductible in the USA as permitted by law.)Visit our shop!https://Shop.NBTV.mediaOur eBook "Beginner's Introduction To Privacy:https://amzn.to/3WDSfkuBeware of scammers, I will never give you a phone number or reach out to you with investment advice. I do not give investment advice.Support the show
Charles Burton and Gordon Chang analyze Mark Carney's shift toward Beijing, seeking trade concessions like visa-free access while Canadians harbor resentment over Trump's proposed tariffs and economic policies. 3.
A Senate inquiry into housing affordability has heard urgent calls for tax reform, with advocates warning that current capital gains concessions favour wealthy investors while locking the younger generation out of the property market. The Australian Council of Trade Unions argues that reducing these tax breaks could boost home ownership by four per cent. The Grattan Institute maintains the primary benefit would be a $6.5 billion budget windfall to fund public housing and support struggling renters.
A Senate inquiry into housing affordability has heard urgent calls for tax reform, with advocates warning that current capital gains concessions favour wealthy investors while locking the younger generation out of the property market. The Australian Council of Trade Unions argues that reducing these tax breaks could boost home ownership by four per cent. The Grattan Institute maintains the primary benefit would be a $6.5 billion budget windfall to fund public housing and support struggling renters. - یک تحقیق مجلس سنا در باره توان مالی مسکن، خواهان اصلاحات فوری در مورد پرداخت مالیات شد. شماری از نهاد های مدافع می گویند امتیازات فعلی مالیات بر مفاد سرمایه، بیشتر به نفع سرمایه گذاران ثروتمند است و راه خرید خانه از سوی جوانان را مسدود میسازد. شورای اتحادیه های کارگران آسترالیا (ACTU) استدلال می کند که کاهش این امتیازات مالیاتی می تواند آمار خرید خانه را تا چهار درصد بالا ببرد. انستیتیوت گریتن می گوید مهم ترین سود این اصلاح، افزایش حدود ۶.۵ میلیارد دالر در سال برای بودجه فدرالی است که می تواند برای مسکن عامه و حمایت از کرایه نشینان آسیب پذیر هزینه شود.
When your corporate job feels "secure" until it suddenly isn't, real estate can become the Plan B that turns into your best move… In this episode of the #DoorGrowShow, DoorGrow founder Jason Hull sits down with John Casmon (multifamily syndicator, host of Multifamily Insights, and co-creator of the Midwest Real Estate Networking Summit) to break down how corporate professionals can transition into multifamily investing without becoming a stressed-out landlord. They dive into how John went from corporate bankruptcies to building a multifamily portfolio, what passive investors actually need to know before putting money into a deal, and why trust + clear expectations matter just as much as the numbers. Jason and John also unpack what this means for property managers: how to align with investor goals, why the best operators project calm control (even in chaos), where syndicators hang out, and how PMs can position themselves to win more multifamily doors. You'll Learn (00:00) Transforming Property Management: An Introduction (00:59) John Casmon's Entrepreneurial Journey (02:56) Transitioning to Multifamily Investing (04:33) Understanding Investor Types and Property Management (05:48) The Role of Property Managers (07:49) Investor Control vs. Trust in Management (09:33) Challenges in Property Management (11:17) Aligning Goals with Property Managers (14:19) The Real Product of Property Management (17:14) Managing Investor Expectations (19:50) Syndication: A New Avenue for Property Managers (23:44) Legal Considerations in Syndication (26:41) Calmness in Chaos: The Key to Success (31:40) Partnering with Syndications (33:54 The Role of Property Management in Syndication (38:29) Finding Syndicators and Building Relationships (42:24) Understanding Passive Investment in Syndication (47:45) Identifying Your Investment Goals (51:54) Assessing Risk in Real Estate Investments (55:15) Choosing the Right Market for Investment (01:00:12) The Three C's of Raising Capital Quotables "The first C is confidence. Confidence comes from preparation." "The investment itself, we got to go out there and execute. But that investor psyche is a completely different game." "It is not your job to hope. Your job is to analyze the information in front of you and make an informed decision." Resources DoorGrow and Scale Mastermind DoorGrow Academy DoorGrow on YouTube DoorGrowClub DoorGrowLive Transcript Jason Hull (00:01) All right, five, four, three, two, one. All right, I'm Jason Hull, the founder and CEO of DoorGrow, the world's leading and most comprehensive coaching and consulting firm for long-term residential property management entrepreneurs. And for over a decade and a half, we have brought innovative strategies and optimization to the property management industry. At DoorGrow, we are on a mission to transform property management business owners and their businesses. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market and help the best property management entrepreneurs win. Now let's get into the show. So my guest today, I'm hanging out here with John Casman, a multifamily syndicator, host of the multifamily insights podcast and the co-creator of the Midwest real estate networking summit. And in today's episode, John's going to break down how corporate professionals can transition. into multifamily investing, how to find the best markets, how to raise capital effectively, and what separates successful operators from everyone else. John, welcome to the DoorGrowth Show. John Casmon (01:10) Yeah, Jason, thank you for having me. I'm really excited to be here. Love the intro, your intro, not my intro, ⁓ but excited to be here and share as much as we can on our journey to help all of your listeners reach their goals. Jason Hull (01:22) Cool. So John, ⁓ it's great to have you. I would love for people to hear about your entrepreneurial journey. How did you get to where you are now? And then we can get into your business. John Casmon (01:34) Well, the short answer is bankruptcy, right? I worked for a couple of different companies that went through bankruptcy and that really made me consider my other options. You know, I was at General Motors back in 2007, 2008, 2009 when we went through bankruptcy and I was there and I watched what that did to a lot of my peers. I one day in particular when we were going to have a lot of layoffs, I went to work as late as I could. But when I got there, I had a red message, a little red dial on your phone. for anybody who's worked in corporate and remember voicemails. So I had a red dot on my phone, picked it up, pushed the play button and my heart skipped a beat because I thought maybe I was getting to the can, right? And it was actually a colleague of mine who sat kind of kitty corner in front of me and he had been let go. He, you know, was diabetic. He didn't know I was going to pay for his medication. He just was venting in his voicemail. And I just remember feeling empathy for him, but also a sense of I just never wanted to be in that situation. So it made me really start to think about Plan B. Eventually I moved to Chicago, realized real estate was going to be that path and learned everything I could about investing. So it kind of took me down that pathway to say, you know what, I need a Plan B because no matter what you do, when you work in corporate America, you do not control your future. You know, there's politics, there's policy, there's a lot of different things involved that you do not control. And sometimes it does just come down to someone not liking you for whatever reason, or they think you're a threat. And I didn't want to spend the rest of my career navigating those issues. So I figured I had to take more into my own hands. Jason Hull (03:16) got it. And so you start taking things in your own hands and what was the result? John Casmon (03:20) Yes. So we landed on multifamily investing, started with small multifamily. My first investment was a two unit building. We house hacked it, which is a common popular phrase now. But back then it wasn't quite as common. But we lived upstairs. We rented out the first floor unit and it worked great. You know, it worked so great that we went to refinance and we had created enough equity in that first investment to pull out a six figure line of credit and go out and buy another property. So. Jason Hull (03:45) Nice. John Casmon (03:47) That really got the ball rolling. bought a three unit building, we bought an eight unit building, and at this time I'm still working in advertising, still working in corporate America, and I enjoyed what I was doing, and I just had my second child, but the agency I was working for also went through bankruptcy right at this time. We had expanded, we were growing, and we had kind of combined with a few other agencies and kind of became this little conglomerate, and it just eroded just as quickly as it grew. I remember again, just sitting there and I've got some real estate. I've got a little bit of cashflow, but not enough to pay all my bills. New baby. And I just realized this real estate thing is working, but the exact strategy I'm employing doesn't allow me to insulate myself from these economic changes and shifts. So I had to change my strategy and that led me to syndication. Since then, we've acquired over $150 million worth of apartments. We've partnered with busy professionals to buy these properties and give them some passive income. And that's what we've been doing ever since. Jason Hull (04:50) Got it. So your area of genius really is helping these people that were similar to you, they're in the corporate environment transition into being an investor in real estate. John Casmon (05:01) Yeah, exactly. And I would say too, it doesn't have to be you're going to quit your job and do this full time. And in fact, most people don't, you know, but most people do want a little bit more control over their life. You want a little bit more flexibility. You want to earn and start building up, you know, your net worth. You want to have a little bit more liquidity. You have to look at your investments to say, what should you be doing? I think most people know that their 401k, their, you know, company issued life insurance. probably not enough to really get you on the fast track to retirement. So what else could you do? Certainly you can invest in the stock market. Lots of folks do that. But real estate is a proven vehicle. The challenge is, I don't know anyone who really wants to be a landlord, right? ⁓ Certainly you want the benefits of real estate investing, but very few of us want to get those 2 a.m. phone calls. So the shortcut there is, ⁓ hire a property manager. Great solution. But now you have to be able to manage property managers, right, which is this whole other business. And if you don't have enough scale, then it's hard to get that person really focused on your business. So we offer an alternative, right? You get all the benefits of real estate investing, all the ownership perks without any of the headaches of being the landlord yourself. So it really is a great marriage of being in real estate without having to do the heavy lifting yourself. Jason Hull (06:15) Okay. Okay, so ⁓ the target audience of this show are property managers. So if they're not gonna use property managers, then what's the alternative? How does this work? John Casmon (06:29) Well, first of all, what we do is not always for that individual. So I think that's the key, right? You've got to understand who you are from a psychological standpoint. So when it comes to investors, there's two types of investors. One wants control, right? They're not willing to be passive. And some people think they want to be passive until they're in a passive situation and then they're calling and they want to know why you did this and why you did that and how come you did do that. That's not a passive investor. And that's fun. Jason Hull (06:45) Yeah. Yeah, they're anxious. Yeah. Yeah. John Casmon (06:58) And if that's you, you should be active, right? And you should work with a property manager, but you also want to work with the property manager who is going to be right for you, right? Because sometimes that is not how they operate. So you want to understand that. And that's a process to understand who you are as an investor, what kind of investment strategy fits you and what's going to be right there. When it comes to property managers, though, I think there are a couple of things. And as a matter of fact, we just left out of meeting with property management company yesterday. They have 2000 units. We talked about some other services that we offer. And one of things that stood out to me was just understanding some of the challenges that property managers face. And one of them is property managers are really in a position to think like everyone. They're supposed to think like an investor. They're supposed to understand maintenance and kind of the construction arm enough to understand what needs to happen at a property. But they are really little CEOs, right? Because for Our stuff, the large apartment stuff, those are typically million dollar annual revenue businesses. And this person is in charge of that asset of that business. They are making the day to day decisions. They are the face for the residents, aka the customers of that business. They are the face and their experience with that individual is how they view that business. So it really is an important role. And if you're working with property managers, it's really important to understand how to find the right people. to connect with them and have them represent your business, your brand, company in the right light. Jason Hull (08:30) So now you left an open loop that I want to close. So you said there's two types of investors, those that want control and maybe should go find a property manager, you said. And then what's the other type? John Casmon (08:34) Yeah. The other type is those who don't want control and they trust someone else to handle that. And for them, there are a couple of different ways of investing. One is investing passively with a group like ours. The other is turnkey investing where again, you hire a property manager, but you really entrust them to manage the property. The only thing I would say for either one of those groups, myself included, is you want to trust but verify. Okay. You've got to do a lot of your due diligence upfront. You want to understand how they operate. You want to talk to some of their other clients, some of their other investors, because you need to get a really good sense of what to expect. And a lot of people are great at selling themselves upfront, right? I can tell you everything you want to hear upfront. You want to know what is it like once you sign the paperwork? How often are we going to talk? How frequently am I going to get updates? And at what point am I able to weigh in and make decisions? Because if, if you are someone who wants to be more active or be heard, or you've got thoughts and opinions, Jason Hull (09:18) yeah. John Casmon (09:35) You want to make sure you have a voice in your investment. Otherwise you may get really disappointed or you may bring on someone who has a different perspective of what that relationship looks like and that never is going to work out. Jason Hull (09:47) Yeah, there's a big challenge in the industry and that's that most property management companies suck. so most investors that have dealt with property management to some degree are they have some scar tissue, they've been burned a little bit. They've a lot of property managers that started their businesses that come to me for help to grow their business. They started because they were investor and they couldn't find anyone else to manage the property good enough. And that's why they started their business, but it can be a difficult business to run. so none of them start their business saying, I want to suck. But that's kind of the default unless they get some really good support or figure some things out through a lot of trial and error. And so that's where DoorGrow comes in. We help them with that. But one of the things I coach my clients on a lot is that they need to shift into being daddy over these rental properties. They need to like tell the owner, hey, you need to trust me. And they need to be able to have a really effective business so that they can lean into that trust. because a lot of people are anxious. They'll come to them with concerns, but generally if a property manager is good, they're much better at this investing stuff than most investors. And they're much better at coordinating maintenance. They're much better at handling leasing. And so when an owner tries to micromanage a property manager, it kind of doesn't make sense to hire somebody to manage your asset just so you can manage them to do the job. And so I think the secret is finding a really good property manager that you can let go of control because you can trust them. And but yes, you need to verify that they can do the job that you need them to do. And so a good property manager will take ownership of it and they'll take control and they will, they'll display a lot of certainty and confidence in how they communicate and they won't allow you to micromanage them is what I've seen. So. John Casmon (11:37) Yeah, Jason, and I'll add to it. There's a two way street there. And I think it's easy for people to say, ⁓ most property managers suck or they're not good or whatever. And listen, there's certainly a lot of challenges there. A lot of folks who are not living up to par to the standards. But I will go back to this. We ask property managers to do the work of generally like a CEO. Right. I mean, again, they're managing million dollar businesses in many cases, yet they don't have that training. They don't have that experience. They don't have the ability to navigate. all of these various things. So part of what owners and investors need to also understand is that you play the role of asset manager. And that means giving clear direction of what success looks like so that that property manager has a framework to make decisions. It's not to micromanage those decisions, but to help them understand how their decisions impact the greater good. And part of that is like, again, just sitting down with annual goals. What are revenue goals? What are our goals on? Occupancy, what are our goals on in a lot? And this may seem simple, but I promise you a lot of folks don't do this. And if you don't do that, then that property manager is going to default to, for instance, I'll give you a great example. I've got a property manager. She's awesome rock star. But she always gets nervous when occupancy is not at like 96 or 97 percent of this property. So she is, you she starts apologizing profusely and all I did this or done that and like. Jason Hull (12:58) Yeah. John Casmon (13:04) Occupancy is one of our KPIs for sure. It's important, but that is not the KPI. I am focused on my net operating income. And if we're going to push rents, the impact of that is you're going to have higher vacancy and she is not comfortable with that. And that's probably because she's used to working with owners who want that thing fully rented and they are comfortable having 100 % occupancy. Jason Hull (13:13) Yeah. Hmm. Yeah. John Casmon (13:33) if they're leaving 50 bucks, 75 bucks, whatever it is of rent on the table. And that's the part where you've got to really align with your vision versus their vision, because what they have in the back of their mind may not completely align with what you have. Or they have residents in their face who are coming into the office. They want something fixed. They want it done quickly. They want it done right. They want it done yesterday. Jason Hull (13:49) Right. . John Casmon (13:59) So they've got that pressure of this person in their face. So they may go out there and spend the money or authorize the money to get spent. And maybe they're not picking the most cost effective measure. So you have that. And I'll give you one third one. A lot of times when you run into the flip side of that is maybe occupancy is low. They say, hey, we need to increase our marketing spend, right? We got to increase our marketing budget. know, ox is down to 88 or 90%. We got to spend more money. And we're not necessarily. really zeroing in on what the specific issue or challenge is at that property. So for an owner, your job as an asset manager is to partner with them and to help them see what the options are, help them work through with some of those challenges and solutions are and partner with them to find success. It's not to micromanage them and tell them what to do, but it's really to understand the situation better and give them that perspective. Jason Hull (14:49) Yeah, that makes a lot of sense. think, you know, one of the things I've seen is that I've noticed a lot of property managers, they make the mistake of thinking that the goal or the product that people want to buy from them is property management. But investors don't wake up in the morning and go, man, I'm so excited to get property management today. The thing that they want. And so the way I describe it to them as they say, property management is like the flight to Hawaii. It's not Hawaii. and you're trying to sell the flight. That's not the exciting part. You need to figure out what the investor wants, what their goal is. Where do they want to go? What's Hawaii for them, right? What's paradise? And then how do we optimize for that? And how do we help them create a path for that? Because the actual product that a property manager is selling is not what they do. It's not property management. The actual product is them. It's them and their values and their belief system and how they create trust and the team they build and the system and mechanism they build around them. That's the actual product the property manager is selling. so a lot of property managers make that mistake. They sit there and talk to you about maintenance coordination and leasing and inspections. And meanwhile, you're just wondering as an investor, can I even trust this person? Like do our values align? Yeah. So I don't know what your thoughts are on that, but. John Casmon (16:11) I think you're spot on, right? Because, I mean, ultimately, as an investor, you are only as good as the team you can build. And that property manager is in charge of the day-to-day aspects of the business. especially when you, you know, I've heard horror stories of folks who have done like turnkey investing, right? Where the property manager, someone owns it, they buy it, they fix it up, and then they rent it back to... an investor. And I've heard horror stories where that property was not being well managed. And that's the fear. If you're not in that marketing, you can't come and see it. So if you got an out of town investor, you really are trusting that property manager. So that is the most important thing, right? Everything else are tactical, daily situational things that can change. But it comes down to do I have the right people, people that I can trust, people who are going to make the right decision based on the information they have. because they may not know what I know or maybe something shifted and changed where they would have made a different decision. We can't, you know, ache on that. It really comes down to are they doing their best? Are they making good decisions? If they're not making good decisions, is it because they didn't have the correct information, which again, could fall back on you as the investor to say, hey, are they aware of what your goals are? Are they aware of maybe this situation, these tools, these resources, whatever it is? And that's on you to sit and collaborate. But trust is absolutely paramount because at end of the day, the thing that I think most of us are concerned with is who we partner with. And there's a great book I'm reading right now. And it gets into decision making and the fear of decision making for most of us and why deals stall. Why didn't you hire somebody? Why didn't you, you know, go with the vendor or go with the contractor or with the company? And the biggest thing is we are scared of making the wrong choice. All of us in decision and no action. Jason Hull (17:43) Absolutely. John Casmon (18:04) is better than the wrong action for many people because they once they take action. Well, now they're blaming themselves because you didn't pick the right person. Why did you hire that guy? You should have like now this starts to go on in their head versus doing nothing. Well, at least it's you know, it's not going to get worse, you know, it will in lot of cases get worse. So for a lot of people, that is the scariest thing. So if you can take that fear off the table as far as being the right person or being someone who is trustworthy. Jason Hull (18:07) Right, yeah. John Casmon (18:32) everything else gets easier. So if you can do that, that's, you know, the best thing you can do as an investor or as a property manager. Jason Hull (18:38) Yeah, I agree. think one of things that I talk about a lot is that clarity has to come before action because if you don't have clarity and you start taking a bunch of action, doing stuff, every action you take is a little bit wrong. Sometimes it's a lot wrong. so, yeah, we need to get that clarity first before we start ⁓ making moves. And you talked about, I love the example of your property manager that is trying to optimize maybe for the wrong thing. They're like, want to optimize to the, making sure their vacancy is super low. But that might not be the goal. That's not the primary goal. The goal is money, you know, and there's a really good book is by Elihu Goldratt. It's a good book for operations people, but it's called The Goal. And spoiler alert, the guy's trying to figure out the goal through this whole book, the story and it's money. That's the secret. The goal is the of the business, should be making making money. And what happens in this book is that people are over optimizing individual pieces in this flow at this warehouse. And it's actually not helping to make money. It's causing more constraint. And so if we over optimize at one stage, it actually creates waste, bloat, inventory, additional work for the next stage. And so sometimes the best thing certain departments can do is slow down and do less in order to get the outcome to be maximized outcome. And there's some really great examples in that that I think are really powerful. But I think the if you're optimizing for the wrong thing, then you're not making it effective. So you want to make sure you're optimizing for the right thing. Otherwise. ensues. You get mad at somebody, but nobody understood what the goal was. And so I think, yeah, getting a greed upon set of criteria of what what the outcome is and asking the property manager, can you help me achieve this? And they know, they know if they know what the problem is, usually they can, they know how to help you get whatever goal that you have. And they know whether your goal is probably realistic or not, because they've helped probably a lot of people do this similarly. And so, but yeah, I think it's very important. Make sure you know, where's Hawaii and maybe property management is the vehicle. Now you had mentioned like, I'm really curious about this idea of, you know, maybe creating syndications. Some property managers are now starting to think, maybe I should create a syndication. What's your criteria for, what's a good syndication and what are some of the, I'd be really curious to get into if some of the property managers listening were wanting to do kind of a little bit of what you do, how they might be able to get started in that. Like what are the beginning steps to make sure they don't make the mistakes you probably already figured out in the beginning? John Casmon (21:27) Well, I think the first thing is, you really want to get into it? Right. Because for a lot of people, you got to understand it's a different business. Now you're not talking about real estate investing. You're not talking about property management. You're really talking more about, you know, investment management. You're talking about bringing on private investors who are looking for a return. That is communication skills. That's building up a network and a database of Jason Hull (21:35) Mm-hmm. Right, returns. John Casmon (21:54) prospective investors, it's understanding the return projections that they're looking for. And it's really kind of managing the investor expectations, not necessarily the investment. And to give you a great example here, I had a deal where the investment went great, but it was slightly lower than what we initially projected. And I had an investor who was upset. Jason Hull (22:07) Yeah. Yeah. John Casmon (22:23) about that. And we had communicated all throughout the entire process where things sat and he wasn't too upset, but he still made it a point to let me know, hey, well, this is less than what you initially thought. And that's challenging because the market shifts, right? Anybody who's bought properties in 2022 and beyond knows the market has shifted drastically over the last three or four years. So those projections made in a 2021-22 environment Have a hard time standing up in a 25 26 environment We still make good money on that deals double-digit returns for investors ⁓ But you know there was that that was that feedback I got from one of the investors conversely We just exited deal a couple months ago, and we completely exceeded our return projections You know we delivered on a almost a 2.7 equity multiple Hit all you know mid 20s on the IRR completely unheard of stuff in this environment And I have one investor call me and say, hey, John, I just checked my account. Is this right? And I'm like, yeah, it's it's right, man. He's like, my gosh, you guys killed it, man. my. Like, this is amazing. And it's great to hear. But again, that is separate from the investment. Right. Happy to manage the investor expectations and concerns. But that was an up and down investment where we had, you know, a moment where we actually had to put some of our general partner capital into the deal to keep it going. Jason Hull (23:27) Yeah. Yeah. John Casmon (23:48) We have floating rate debt. had to refinance out of that. And we had to kind of rush to do that before rates started to go crazy. We had moments where our construction or renovation costs were much higher than we anticipated. So there are a lot of things that we had to navigate. And I think what happens for a lot of operators, a lot of people who get into syndication, they know the real estate and want to do the real estate, but they do not understand the perspective of the investor. And when you don't communicate to investors on a frequent basis and a clear, transparent nature, Jason Hull (24:19) Yeah. Yeah. John Casmon (24:19) They fill in the blanks and the first concern every investor has and they won't say it. Most of time they don't say it, but I promise you they're thinking it after they make that investment. my gosh, did I make a mistake? Am I going to lose money? Is this person going to run off? Is this going to be some sort of fraudulent thing? Is this deal going to fail? These are all that we're wired like that. This is caveman stuff, right? We're wired to protect ourselves. Jason Hull (24:36) Hmm. Right. John Casmon (24:45) And when you make an investment, and by the way, our investments are typically $50,000 and up, right? So these are not small investments. So when you make that investment, people start to second guess that decision. So my job when it comes to this side of the business is to keep them grounded that, hey, you've done your research, you've made an informed decision, you've picked a good partner, we've done this before. ⁓ Jason Hull (24:50) Yeah. Right. John Casmon (25:13) And it's really to make sure that they feel comfortable with that decision. It has nothing to do with the investment, right? The investment itself, we got to go out there and execute. But that investor psyche is a completely different game. So first thing I would tell any of your property managers when they get into this business is understand, do you actually like people? Do you want to manage investors? Are you comfortable managing people's money? ⁓ And then beyond that, you have to do it the legal way. There are a lot of regulations around accepting capital from other people. Jason Hull (25:31) you John Casmon (25:42) So you can do it as a joint venture. The more common way of doing it, the more accepted way of doing this is by doing a formal syndication, which requires you to file SEC documentations. ⁓ know, there's regulation D and regulation A and there's some couple others, but typically it's going to be reg D 506 B or 506 C filing, which basically is the the structure that allows you to offer ⁓ passive investment opportunity or a security to investors. So again, for some people, It's overwhelming. they're like, nope, never mind. But for some people, they love it. They want to get into it and they can learn more about that process. Jason Hull (26:19) Got it. Yeah. I think I love your idea that it's more about managing expectations rather than the investments. And I think, I think that's good advice for all the property managers listing. This is something we spend a lot of time coaching clients on because they think their job is to manage properties. But really, if they're not strong in managing expectations and managing the relationship, it's 10 times to 100 times harder to manage the properties. their operational costs go through the roof because owners are getting anxious. They're asking more questions. They're getting all these interruptions and calls, tenants, owners constantly. And if they had just managed the relationship and expectations and set strong boundaries at the outset, everybody would feel calmer. And I think really for business owners, I think the thing that really stood out to me that I've been focused on, and this is I've done some personal coaching and this is just nervous system regulation. If you can, and John, seem like you're pretty chill and pretty calm and I'm sure the investor feel safe with you, which is why you've had success. If you are a person that is anxious and you're running around like a chicken with your head cut off, you're going to have, you're going to struggle in leading anybody, especially in relationships to your spouse and like everybody else. so having a calm, regulated nervous system allows your investors. to entrain to your nervous system and to feel safer and to calm down. And that's not something you can pretend or you can just fake. You have to be that and they can sense and they can feel that it'll come across in your tone and in your body language and how you communicate. But if you can make sure that you're in that space and that you're able to regulate your own system, you're able to stay calm when other people are coming at you. and other people are angry and other people are emotionally heightened. And you recognize this isn't really you. It's just that's them. And you can maintain that calm. You will be able to create a lot more safety. And that's really what people want to buy. Most people out there, their primary basic need is safety and security. Most people. That's why they aren't entrepreneurs. That's why they don't go start jobs. That's why they aren't like you and me. And if you're a property management business owner listening to this, Most people are not like you. They want safety and security. That's why they get a property manager. They want peace of mind. And so, and I'm sure investors in a syndication, they also want some peace of mind because this is a big chunk of change. John Casmon (28:55) They do. And I will say to most of the property managers I come across thrive in chaos. Right. They're used to stuff getting thrown at them. Right. And when you talk to them and get to know them, you learn very quickly. They like it. They do. They like the fact that they don't know what the day is going to bring. It could be a. Yeah, yeah. Could be a tenant coming with some crazy issue. It could be something from it's never boring and they thrive in it. However. Jason Hull (29:00) Yeah. Yeah. They like the variety and unique challenges that property management brings, for sure. It's never boring. John Casmon (29:25) What happens then if you if they're going to look to work with investors and particularly raise capital and kind of do their own syndications, they have to understand that while they may thrive in chaos and uncertainty, most other people want organization. You want everything you said right. You want to have the calmness. You are looking for a captain to steer the ship. And for that part of the personality, they're going to have to tap into a different side of it to demonstrate how they handle chaos. Jason Hull (29:37) Hmm. Yeah. Yeah. John Casmon (29:54) not that they are chaotic. And I think what happens a lot of times when you're working with property managers is that they don't project that level of control. It just feels like they're reacting. So part of it is that, and they're really, really good ones. The ones who make it to that next level who are the regional managers and get those promotions, well, that's what they do. They manage the chaos and they manage up. They do a great job of telling the owners, Jason Hull (30:06) Yeah. Mm. John Casmon (30:23) the leadership, whoever they need to talk to, they're telling them, hey, here's how here's our process. Here's how we're managing the situation. Here's what's going on. Here's what we're into. Hey, we had a water main burst here. Here's we bought. call three companies. We've got three quotes, but it's calm, right? It can be the worst. I'll give you a real example, right? At a fire, one of my properties and I was going to meet a property manager and I just happened to have a meeting with her that day at the property. She called me. I was literally about to get in the car. She called me and said, Hey, I just want to let you know we've got a fire going on at the property. I'm not sure if you still want to meet. You're happy to come. We already have, you know, the fire department's here. They're they're putting the fire out right now. We already have another company that's coming in. They're going to walk through the damages once this is kind of settled. And I've already talked to the residents. Residents are good. We've got them hotels for the evening. We've checked with insurance. This is covered in your policy. So they're good to go. So you're happy to come down and talk and all of that if you want to. Or we can let things settle down and maybe we can meet next week. This is a fire, right? This is like a scary situation. She called me. Jason Hull (31:26) Right. A literal fire. Yeah. And there's plenty of fires in managing properties. The literal ones. John Casmon (31:33) Her calmness, she was so calm. Not only was she calm, she had handled 90 % of it, right? It was the stuff you could handle in the moment. She handled it. So was like, hey, I don't think it makes sense for me to because I'm probably just going to add more anxiety to the situation at this point, right? It seems like you've got it under control. Why don't we let things settle, literally let the dust settle? And then once it's there, I'll come down. We can assess the damages, figure out what else needs to happen, what other next steps need to take place, right? Jason Hull (31:41) Yeah? huh. question. Yeah. John Casmon (32:03) but had it handled like a rock star. Now, a lot of other folks would have saw the flames, called immediately, my God, there's a fire. ⁓ my God, what are we gonna do? So now you freaking out, everyone's freaking out, no one's controlling the situation, right? So now everyone's mind is just spinning and going. it does really take, kind of go back to where we started the conversation, that mindset of someone who was the boss, who was leading. Jason Hull (32:05) Yeah, I love that. Yeah. Freaking out. Yeah. Hmm. Yeah. John Casmon (32:32) who is going to take charge, even though it's not their property, they're going to take charge. Here's what needs to happen next. Maybe you have an emergency response plan already put in place, but you have these things already scheduled and ready to go. So when they happen, you're not shocked. You're not surprised. You're not asking questions that maybe you should have figured out upfront. And that's what a great property manager does. And if you convey that to owners, you're going to stand out above and beyond your competition because most people cannot convey that level of control, the level of planning and the level of expertise that it takes to truly and effectively manage properties from the front, being proactive as opposed to just reacting to whatever the issue of the day is. Jason Hull (33:13) Got it, okay. So ⁓ I'm reading, I just read, well, I didn't just read. I read in the past a really great book called Extreme Ownership. Really good book. Yeah, phenomenal book. ⁓ I'm going through their newer book, which I think is even better, called The Dichotomy of Leadership. leadership is what we're talking about right now, is that that, John Casmon (33:23) Yeah, I think I got it like right here. It is right there. Absolutely. Jason Hull (33:38) creates a huge impact and there's a lot of misunderstandings of what leadership is, like it's control or it's being aggressive or, but yeah, it's really that calm presence of letting people know I've got it. Like we can take care of this. We've got a plan and staying regulated and calm. So I love that. ⁓ have a, so another question I have is how can the property managers listen to this? How could they maybe target or partner with, if possible, syndications like you, like people that are doing what you're doing. Is there a chance that they could be a resource or do most syndications just in-house and do, they are a property management business? John Casmon (34:19) No, no, most ⁓ most that I know work with third party manager companies. So I would say first and foremost, if you and syndications, I mean, it sounds like a big, huge, fancy word. But I mean, honestly, anytime you work with passive investors is technically a syndication. So it really comes down to figuring out who is looking for third party management and whether or not it's technically a syndication or not is really irrelevant. You want someone who is going to be managing or owning the property. Jason Hull (34:24) Okay. Yeah. John Casmon (34:49) They want third party, but you have to understand their plan, going back to understanding the goals, right? Most syndications are looking to sell in a three to seven year timeframe, typically five to seven years. Most buy and hold owners have not decided or have not identified their exit strategy. So that's probably the biggest difference is when you have, let's just call it an individual investor or maybe it's a Jason Hull (35:01) Okay. Right. John Casmon (35:17) a family or whatever that's buying and they want a third party manager, they don't know the exit. They haven't predetermined that they're going to sell in five years. So they are buying and holding it. And that goes back to the the I think the separation of understanding the objective, because for that person, having a full property is great. It means they're maximizing the revenue potential today. When you are syndicating. most syndicators already assume 5 % vacancy. That's that's in everyone's underwriting. So you being at 100, they won't even give you credit banks don't even give you credit for it. So all of these things are already assumed. So for us to be above that is actually a miss, because it means we're not being as aggressive on the rent. So just understanding the mindset of a syndicator, which is they are looking to sell typically they're looking to double their money over a five or six year period. So how can you create value? And that's something most property managers don't fully understand. But I would sit and I would talk to that syndicator. And if you want to be a syndicator or partners, not just be a third party vendor, but you actually want a partner, which we have seen a lot of folks look to do. You want to figure out how you can bring value to the table, because now we are aligning your interest with that syndicators interest. And now you've got a great partnership. because every syndicator is going to need property management and they're going to need construction management to drive value. So if they can bring those people in as partners, that's a great opportunity for you. And if you're a property manager, you may have phenomenal relationships. You may already have contractor or the vendor partners that you trust in that marketplace. And if you could then take that and get a slice of the equity, that makes you very valuable for both sides. Jason Hull (37:08) Do syndications, do they also need investors in capital or do most of them have that, are they really good at that? Okay. John Casmon (37:15) Absolutely. Yeah. Yeah. Yeah. mean, I mean, syndication at its core really just comes down to the need of capital. If someone had the capital themselves, they would probably just buy it directly and not go through the process of syndication. Because the syndication is literally just raising the money from passive investors. And in that scenario, again, being able to manage that, manage the communication, ⁓ that's really what a syndication truly is. Jason Hull (37:42) So a really good property management partner could bring property management, some of the construction elements and investors and capital to the table. So it could be a nice little. John Casmon (37:51) That would be amazing. I'll be honest, man. That's because I don't want your listeners sitting here like, oh, I don't have one of those. I don't know if I've ever met one that had all of those. If you do have all of them, yes, you should consider syndicating yourself because you got all the pieces to the puzzle. Typically, what happens is a property manager has the property managers. I'll give you a great example. I got a 54 unit down in North Carolina. OK, so I came in as a key principal. I've got a. Jason Hull (38:03) Okay. Okay. John Casmon (38:20) to my coaching clients. It's his property that he found. He asked me to come help him with the loan, which I did. One of the members, one of the partners is the property manager. So that's kind of their role to the table is they're managing the property. That's what they kind of came on. They had a couple of relationships, but their main role is the asset and property management side of it. So that's a great way to come to the table. But. Just like anything else in business. Jason Hull (38:33) Mm-hmm. John Casmon (38:49) It's very hard to find someone who checks every single box. I mean, that's like finding the marketer who's a CMO, who's also the CFO, who's also the COO, who's also the chief of human resource. very like no one, people don't really have like top notch excellent skills at every single one of those, right? Like you might be great at business, great at sales, great at marketing. You're probably terrible at finance, right? Like you just, you just forget to do your expense report type person, right? So it's hard to find someone who's checks all those boxes. And I think typically when comes to property management, you want someone who's great with people, can resolve issues, but also has to be somewhat, you know, sufficient when it comes to the numbers, tracking all the data, tracking all the, you know, the rent roll, the leases, the income and expense statements, things like that. So usually they're not going to do every single box. But again, if you can find someone or that's where partnerships make sense. Jason Hull (39:24) Mm-hmm. John Casmon (39:43) If you've got that awesome. And again, I'm not saying a company doesn't have that. I'm just saying a single individual doesn't, which is why it's great to partner. If you can find someone who maybe brings a set of skills that you don't have, whether they're joining you in your property management business or they're partnering up where you're bringing your property management skills to the table with their investing or their networking skills, that makes for a good partnership. Jason Hull (39:43) Mm-hmm. Yeah, I got it. Well, we've got several clients, you know, all over the U S that are really good at property management. They're really good at handling the maintenance stuff and they obviously have a pool of investors as clients and, and, know, and they know that they can't do everything. So we coach them in making sure that they would do time studies. They figure out which, what their purpose is. We start to align them towards more fulfillment, more freedom, more contribution and more support in their business. John Casmon (40:32) Yeah. Jason Hull (40:38) And they start to build the right team. So they're getting operators, they're getting BDMs, they're getting the things they're not like strong in. And so we just make healthier businesses. So for those of maybe my clients listening that have healthy property management companies. And, but they don't want to do syndication. They're just like, man, that's a whole nother business. If I stay in my lane, I can grow that faster. How do they find syndicates? Like, how do they find people like you? Cause you've got a lot of properties connected to you. and they would probably love to chat with somebody like you. Where do you syndicate people hang out? What's the title? Who runs a syndicate? What are they called? Do they have a specific title? John Casmon (41:15) You Yeah. Yeah, great. Great question. Multifamily syndicator is is kind of the name just syndicator. We're all over. So I've got a podcast called Multifamily Insights. I interview like minded individuals. I've been doing that for a long time. We've done our seven hundred and seventy plus episode. So lots of people, lots of syndicators there. Definitely conferences. So if you look up any multifamily conference in your city. Jason Hull (41:25) Okay. Nice. Okay. John Casmon (41:46) meetups, lot of meetups in different cities as well. Those are great places to find syndicators. I think the biggest thing though is this. Figure out who your avatar is. Because while we're talking about syndicators, ultimately, if you want to scale your property management business, I presume you're trying to scale with folks who are looking for third party management and the best option for that. OK, and let me back up. had one of the guests out of a podcast some years back, ⁓ Ashley Wilson. Love Ashley. As you said, something really changed when I thought about the business. And she said the best way to find any vendor, any vendor is to figure out who relies on that vendor next and ask them for referral. So if you think about it, if you want a great drywall person, ask a painter. A painter is going to know who's great at drywall because they're going to know who makes their job easy and they can come in and just start painting versus a drywall guy who maybe doesn't, you know, you know. Jason Hull (42:38) I like it. John Casmon (42:55) mud the drywall properly or doesn't sand it down. So they got to do all this extra work before they start their process. Right. So a painter is going to know a great drywall guy. And in this case, it's really hard on ⁓ the property manager because you guys are the ones who do the work. But if you are looking for syndicators, OK, well syndicators, person who buys the deal. Well, who sells the deal? A broker. Find brokers. Go to a broker, commercial multifamily broker and ask them, hey, Jason Hull (43:01) I love this. Yeah. John Casmon (43:25) Do you know some groups or you have properties that you're going to list? Here are the kind of deals we want to do now on the flip side of that. You got to be good at your job, right? You got to sell yourself and share what you do. So if you've got a great track record, a great resume, showcase that, bring that broker through and let them know, hey, we're looking to scale our property management business here. Here are the kind of assets that we want to manage. If you come across any of these that you're going to list, would you mind keeping our main name out there or referring us or giving us introductions to any of those buyers? Jason Hull (43:53) Yeah. John Casmon (43:54) so that we can throw our hat in the running to manage these properties. That's a phenomenal way to do that. And it allows you to shine and expand your relationships in your core networks and in your core markets. Jason Hull (44:06) Brilliant. think I love the, I love Ashley's idea that you shared, you know, the drywall. Yeah. The painters, like they don't want to be painting over a crappy drywall. They're like, this is a mess. Like this doesn't even look good in my job. Now I'm going to look bad. Yeah. So the brokers know who maybe those best syndicators are. And so they could just go to the brokers and say, Hey, who's, who's doing deals like this? Who who's got things going on? Like who could you connect me with? And I avoid maybe. John Casmon (44:36) And on top of that, keep in mind, too, like what are the times when? Yeah, but think about to like when is a property hiring or bringing on a new property manager? Right. So it's either a current owners firing the existing property manager or the property is being sold. Right. So, I mean, if you can get in during that transition phase, that's going to help you tremendously. And if even if they're firing their existing property manager, you can think through, OK, how do I? Jason Hull (44:51) Yeah. Yeah. John Casmon (45:06) work myself and get my name out there. And a lot of times, again, you're going to ask, right? You're going to ask other investors. If I were going through that process, I'm going to call my buddies into space, right? And say, hey, man, having a hard time, my current PM is not working out or we're not hitting our objectives, looking at some other options. Do you have any experience with these guys? What do you know about these guys? Or do you have anybody you could recommend? It's word of mouth, right? So that's what's going to start happening as well. So you kind of have to get out there and network and let folks know who you are, what you do. But you want to be someone who people can say, yeah, these guys are amazing. You know, they, they only had an eight unit, but they crushed my eight unit for me. I'm sure they kill your 25 unit or your 50 unit. And you've got to start building that rapport and building your reputation in your market. Jason Hull (45:44) Yeah. Nice. This is good advice, my friend. So, cool. For those that maybe are investors listening to this show, ⁓ I'd love to hear a little bit about what you do, how you do run your syndication, and how they can ⁓ make things more passive, if that's what they're looking John Casmon (46:08) Yeah, man. So there are lots of different ways to get in. If you are looking to be more passive, ⁓ high level, here's how it works. OK, so first and foremost, me and my team would go out. We look for the deals. We focus on a really tight radius. So we're in Cincinnati. We like Cincinnati, Columbus, Louisville, Kentucky. Really a two hour radius of the Cincinnati market is where we focus. And right now we actually think there's more opportunities locally. So we're really honed in on Cincinnati right now. But we focus on that once we find a deal. We reach out to folks in our network. So we have folks in our investor list. ⁓ Once they're on our list, we kind of have a quick vetting process and then we can share opportunities with them. Once they see that opportunity, they get a chance to review it. We like to have a webinar where we answer any questions about the deal. I think for new investors, it's a great way to learn because we have a lot of experienced investors who ask very intelligent, thoughtful questions that Many first time investors probably would not even think of. And that's a great way to learn, right? And ultimately when it comes to this space, it's really about education. know, it's educating yourself, understanding how you think about risk, how you mitigate risk in your investment choices. And those webinars are a great chance for you to learn about that the first time. Once you've done that, you can go ahead and fill out our official paperwork with our SEC documents. Jason Hull (47:30) Mm-hmm. John Casmon (47:30) And then once you're through there, you can make the investment. But the first thing is just to get on our list, you can have access to the deals. And before you do that, we've actually put together a guide that can help people because I found that when I have these calls, people don't ask great questions. Sometimes they do. But I want to make sure that you are informed and well educated because this is a big investment. You know, this is not a 599 thing. And if it doesn't work out, OK, well, I just wasted six bucks. No. Jason Hull (47:54) . John Casmon (47:59) We're asking you to make a pretty large investment, whether it's with us or with others. If that's what you're looking to do, I want to make sure you're well informed. So we put together a guide. It's seven questions you must ask before investing in apartments. You can get that on our website. It's casmancapital.com slash seven questions, but it gets into questions around the market itself, the operating team, what you should be looking for, the deal. What is the story of this property? What's the business plan? And it helps you identify different levels of risk because the reality is Anything can work, but you want to mitigate risk as much as possible, particularly when you're a passive investor, because you are basically saying, I'm trusting these people to find the right deal and execute. And you want to make sure that you are finding and identifying the right individuals who have a proven track record doing the thing that they are asking to do. When I hear about people losing money in real estate. At least 50, if not 70 % of the time. Jason Hull (48:35) Hmm. John Casmon (48:57) It is someone doing something for the first time. It is the first time in the market, first time doing this kind of deal, first time doing this kind of business plan. And. I can't tell you how frustrating it is because it's a big red flag, and it's not to say they can't do it and can't have success. But if it's your first time, I want to see how you're mitigating that right. You want to partner with someone who does have the experience you want. Like there are lot of things that you can do to put the odds in your favor. And when you're a passive investor. Jason Hull (48:59) Mm, yeah. John Casmon (49:26) It is not your job to hope. Your job is to analyze the information in front of you and make an informed decision. So this guide can help you do that. Jason Hull (49:34) Yeah, love it. I'm going to run a quick word from our sponsor real quick. 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Visit vendero.ai slash door grow today and make this the last maintenance hire you'll ever need. All right, so John, this is super helpful. love you've got your list. ⁓ You got your webinar, you've got your guide. I would recommend property managers listening to this. If they're curious about the world of syndication, that they start getting into your stuff and seeing how an expert like you is doing this and maybe even get involved in some of the deals with you or something might be a good idea. And they can kind of get a feel for how this works. And then maybe they'll say, I don't want to do what John does. And I'll just find people that do, but they'll at least understand how they could partner with people like that. then, or they may decide, you know what? John's clever, but I'm clever too. I might be able to figure out how to do this too. And maybe they'll do it too. And, but I think there's a solid opportunity for property managers that want to be in the multifamily space and do multifamily management to find third party people that are doing these syndication deals. They need good property managers and property managers want more doors and they want to grow. And if you don't, because your business sucks and it's uncomfortable, then reach out to me. I'll help you out. We'll get you dialed in. But ⁓ John, what else would you say to the investors that are maybe they're familiar with this and they've done some real estate investing and they've worked with some syndications ⁓ and they get on your list to do the webinar. What would you say to them next? John Casmon (51:56) Yeah, I think the biggest thing is understand what you're looking for. You know, I think one of the biggest challenges for investors is when you can't pull the trigger, it's typically because you haven't figured out what you're solving for. Are you looking for passive income? So you're just looking for a cash flow? Are you looking for long term wealth appreciation? Are you looking for tax benefits and to reduce kind of your tax liability? Do just want to diversify? Maybe you got feel like you have too much in a stock market, just like we put something somewhere else. So. Figure out what you're actually solving for. Understand your risk tolerance, you know, because every deal is different. In our case, we do value add B class deals. That's a fancy way of just saying we like properties that already making money that are solid, solid tenant based. Think of when I say B class, I'm thinking of all stuff that was built maybe 30 years ago, maybe 40, maybe 20 years ago. Stuff that. your teachers, your firefighters, your police officers, places where they might rent. So desirable locations, not luxury, not super high end, not, you know, super courts, everything. ⁓ But, you know, places that you would want your kid, your kid was in college, places you would be fine with your kid living, right? So you're thinking about that stuff. That's, you know, I don't say affordable stuff. That's not crazy price. So that's kind of what we focus on. Jason Hull (53:15) So would that be like, is that how you find the best markets then? John Casmon (53:21) That's part of it. That's our strategy. There are different strategies that people utilize. I have found for us that is a sweet spot where we can take those kind of assets, modernize them and create value for potential renters. Some people like to focus only on they call it core plus right where they're buying newer stuff, stuff built five years ago or three years ago. And maybe it was, you know, leased up and they're just going to go in and hold it longer. You'll find other ways to add more money through amenities. Jason Hull (53:35) Okay. John Casmon (53:50) So some people do that strategy. Some people like older properties where they're buying more distressed or much older properties and are trying to fully renovate them and bring them up. There are strategies out there, something like new construction, stuff that doesn't exist. They want to build from the ground up. So it really comes down to you. Every investing strategy has a different level of risk. This has nothing to with real estate, right? This is investing in general. you're buying, you know, know, value stocks versus growth stocks versus Internet, it's the same stuff, right? So you just have to figure out your level of risk. We like value at B-class multifamily deals. Once you understand your level of risk and balance that with your return expectations or projections, that's when you can figure out which investments actually make sense. You know, I have some folks who they like to invest in what we call trophy assets. And... They may not know that right away, but when you send them a couple of deals and they look at the property like, ⁓ it's okay. They want something. They want something they can brag about. They want to drive you by like, see that building over there? That's me. And if that's fine, if that's what you want, understand what comes with that, right? That's going to be a lower term, right? Because these are, there's not much value to create, right? You've got a brand new property. It's A class, rents are $2,500. There's not a whole lot you can do there. And because of that, Jason Hull (54:49) Yeah, they don't want to show that off. Look what I'm connecting. OK, right. Thank Yeah. John Casmon (55:13) There's not as much risk. So you're going to get less return because there's less risk. That's fun. Some people want to maximize their return, right? Hey, I don't need this money. I want to let it ride for 20 years. So they might want to do new construction or they might want to do a deep discount, highly distressed vacant property that needs, you know, $50,000 per unit to renovate it and turn around because the upside is there. So it just depends on that investor and your level of risk. Right. And most of us fall somewhere in the middle. Jason Hull (55:27) Thank John Casmon (55:43) which is kind of our strategy. figure out your level of risk tolerance, what you're looking for. And sometimes you don't know until you start looking at a Because you might think you're a cashflow person until I show you what cash flows. And you're like, oh, no, I don't want to be in that de
Shownotes - Wuthering Heights This week, we review Wuthering Heights We also discuss Bloody Awesome Ranking in Concessions of a Cinephile, and more! The Bloody Awesome Movie Podcast The Bloody Awesome Movie Podcast delivers a spoiler-free review of a film, usually a new release with some exceptions, every week. Then Matt Hudson (@wiwt_uk) from What I Watched Tonight and Jonathan Berk (@berkreviews) from disappointment media will introduce a variety of movies or pop-culture-related topics in a series of segments. Review of Wuthering Heights Director, writer, and cast: Provided by Letterboxd.com IMDb.com Synopsis: Tragedy strikes when Heathcliff falls in love with Catherine Earnshaw, a woman from a wealthy family in 18th-century England. Ratings: 60% RT critic 80% RT audience 56 Metascore 6.3 IMDb user score 2.9 Letterboxd Box Office: $38,000,000 US; $45,000,000 international; total – $83,000,000 as of 2/17/2026 Concessions of a Cinephile In this segment, we switch to movie-motivated conversations of a large variety that could include headlines, trailers, top five lists, best of, competitions, etc. Topic: Bloody Awesome Margot Robbie Performance Ranking Barbie I, Tonya Babylon Birds of Prey (and the Fantabulous Emancipation of One Harley Quinn) A Big Bold Beautiful Journey Honorable Mentions Once Upon a Time in Hollywood Wolf of Wall Street Media Consumption Movies, TV, Video Games, Music, Podcasts (not ours), etc that we use to pass the time Matt's Consumption Halloween The Autopsy of Jane Doe Dolly Jon's Consumption Wonder Man Diners, Drive-Ins, and Dives Arc Raiders Dead by Daylight
Guest: Professor Evan Ellis. Ellis discusses Chinese control of Peru's Chancay port, Mia Mottley's victory in Barbados, and Cuba's desperate energy crisis forcing potential concessions to the U.S.1935
Guests: Bill Roggio and Edmund Fitton-Brown. The U.S. deploys military assets to pressure a defiant Iran, but the weakened regime refuses concessions to avoid looking vulnerable, relying on bluster and proxy distractions.1890 TEHRAN
Get the stories from today's show in THE STACK: https://justinbarclay.comJoin Justin in the MAHA revolution - http://HealthWithJustin.comProTech Heating and Cooling - http://ProTechGR.com New gear is here! Check out the latest in the Justin Store: https://justinbarclay.com/storeKirk Elliott PHD - FREE consultation on wealth conservation - http://GoldWithJustin.comTry Cue Streaming for just $2 / day and help support the good guys https://justinbarclay.com/cueUp to 80% OFF! Use promo code JUSTIN http://MyPillow.com/JustinPatriots are making the Switch! What if we could start voting with our dollars too? http://SwitchWithJustin.com
Shownotes - Iron Lung Please rate and review This week, we reviewed Iron Lung We also discuss Concessions of a Cinephile, and more! The Bloody Awesome Movie Podcast The Bloody Awesome Movie Podcast delivers a spoiler-free review of a film, usually a new release with some exceptions, every week. Then Matt Hudson (@wiwt_uk) from What I Watched Tonight and Jonathan Berk (@berkreviews) from Berkreviews.com will introduce a variety of movies or pop-culture-related topics in a series of segments. Review of Iron Lung Director, writer, and cast: Provided by Letterboxd.com IMDb.com Synopsis: The stars are gone. The planets have disappeared. Only individuals aboard space stations or starships were left to give the end a name – The Quiet Rapture. After decades of decay and crumbling infrastructure, the Consolidation of Iron has made a discovery on a barren moon designated AT-5. An ocean of blood. Hoping to discover desperately needed resources they immediately launch an expedition. A submarine is crafted and a convict is welded inside. Due to the pressure and depth of the ocean the forward viewport has been encased in metal. If successful, they will earn their freedom. If not, another will follow. This will be the 13th expedition. Ratings: 59% RT critic 89% RT audience 53 Metascore 6.6 IMDb user score 3.2 Letterboxd Box office: $30,800,000 US; $3,462,807 international Concessions of a Cinephile In this segment, we switch to movie-motivated conversations of a large variety that could include headlines, trailers, top five lists, best of, competitions, etc…. Topic: World Exploration through Cinema Roger Ebert is cited as saying, “We live in a box of space and time. Movies are windows in their walls. They allow us to enter other minds, not simply in the sense of identifying with the characters, although that is an important part of it, but by seeing the world as another person sees it.” Movies are windows to the world. World Cinema Project - World Cinema Project | Letterboxd list - World Cinema Project (Letterboxd list) Ciné ONU - Ciné ONU UNESCO - UNESCO article: A century of cinema UNESCO - UNESCO: Cinema & Audiovisual UNESCO cities of film - UNESCO Cities of Film INTERNATIONAL FEDERATION OF FILM SOCIETIES (IFFS) - International Federation of Film Societies (IFFS) CILECT - CILECT Movies that opened our eyes to the world in some way or another: Spirited Away Perfect Days I'm Still Here Exhuma Hunt for the Wilderpeople All we imagine is light Bhoothakaalam Neptune Frost The Bicycle Theives J-horror La Haine Roma Sing Street / Once / Kneecap Parasite Amelie Letterboxd list - Movies that opened our eyes (Letterboxd list) Article about the Bad Bunny halftime show - Bad Bunny halftime show article Media Consumption Movies, TV, Video Games, Music, Podcasts (not ours), etc that we use to pass the time Matt's consumption Twisted Hush The Strangers - Chapter 3 Fallout S1 Magdalena Bay Jon's consumption Wonder Man Nirvanna The Band The Show The Movie Arc Raiders
Celebrate the life and music of Johnny Bush, presented by the Floresville Opry, on Saturday, Feb. 28, at the Floresville Event Center, 600 S.H. 97 West in Floresville. Doors open at 5:30 p.m. The dance will feature Justin Trevino on vocals from 7-11 p.m. A grilled pork steak dinner by Malcher's Catering will be available for a plate and desserts for . There will also be a silent auction and a Arm Stretch drawing. Concessions include beer, wine coolers, and setups. No ice chests will be allowed. Reserved tables are available starting at 0 for a VIP table...Article Link
Guests: Bill Roggio and Jonatyn Sayeh. Reports indicate Iran's regime has killed thousands to suppress ongoing unrest, feigning diplomatic willingness while maintaining a paranoid grip on power and refusing real concessions.1870
Today we're bringing you a critical update on John Anthony Castro.In November 2025, Castro filed an emergency motion for mistrial alleging that the government concealed criminal immunity agreements with witnesses — including a deal granted to Linda Rivera — and presented stipulations that he and his attorneys never agreed to.Here's what changed the landscape.In the government's response, filed on Thanksgiving, prosecutor Lauren Murphy conceded that Castro's Sixth Amendment rights were violated because he was not given the opportunity to discuss stipulations with witnesses. The government also acknowledged that evidence had been suppressed.However, in a 54-page response, the government did not address the alleged criminal immunity deal.Castro's legal team argues that by failing to respond, prosecutors forfeited the issue.Despite these concessions, the Fifth Circuit denied Castro's motion for release on December 8.Castro has since filed a writ of mandamus seeking to compel court action. His attorneys are preparing an expedited motion for default ruling, arguing that the government's admissions should result in immediate relief.Castro has described himself as a political prisoner, asserting that his continued imprisonment persists despite constitutional violations being acknowledged on the record.Through it all, he says he remains hopeful and prayerful.We will continue to monitor this case closely.Available in The Neoliberal Journals at https://theneoliberal.com
This week, we review Send HelpWe also discuss Tropes in Concessions of a Cinephile, and more!The Bloody Awesome Movie Podcast The Bloody Awesome Movie Podcast delivers a spoiler-free review of a film, usually a new release with some exceptions, every week. Then Matt Hudson (@wiwt_uk) from What I Watched Tonight and Jonathan Berk (@berkreviews) from disappointment media will introduce a variety of movies or pop-culture-related topics in a series of segments. Review of Send HelpDirector, writer, and cast: Provided by Letterboxd.comIMDb.com Synopsis: Two colleagues become stranded on a deserted island, the only survivors of a plane crash. On the island, they must overcome past grievances and work together to survive, but ultimately, it's a battle of wills and wits to make it out alive. Ratings:93% RT critic87% RT audience76 Metascore7.3 IMDb user score3.5 LetterboxdBox office: $20M domestic, $8.1M internationalConcessions of a Cinephile In this segment, we switch to movie-motivated conversations of a large variety that could include headlines, trailers, top five lists, best of, competitions, etc. Topic: SundanceMovie recommendations coming out of Sundance A list on Letterboxd: https://letterboxd.com/berkreviews/list/sundance-2026-to-watch/ from Big Tuna and a friend of the show! Indiewire article: https://www.indiewire.com/features/commentary/2026-sundance-film-festival-best-films-1235176583/ Media ConsumptionMovies, TV, Video Games, Music, Podcasts (not ours), etc. that we use to pass the timeMatt's ConsumptionThe Exorcist: BelieverGood BoyThe Mortuary AssistantJon's ConsumptionIron LungFood Network (as a comfort)Arc Raiders
Guest: Gregory Copley. Copley observes Russia targeting Ukrainian infrastructure to pressure the public, noting that despite Western support, Moscow retains the upper hand while demanding territorial concessions.1941 UKRAINE
Mary Kissel on Starmer giving away the Chagos Islands to no discernible purpose, surrendering strategic Britishterritory in the Indian Ocean without extracting meaningful concessions or advancing national interests.1942 NYC STORK CLUB
In this episode of the Jason Khalipa Podcast, Jason and MDV dig into what real discipline actually looks like when life gets uncomfortable.The conversation starts with a simple reminder about concessions and quickly moves into something deeper: why you can't be everything to everybody, how discipline shows up in everyday decisions, and what it means to carry yourself as a steady presence in unpredictable situations.They break down a real interaction from Men's Club, talk through sticking to a personal code, and unpack why physical capability matters — not so you can escalate, but so you don't have to. Strength, restraint, awareness, and the responsibility that comes with being capable are all on the table.This episode is about staying grounded, reading situations clearly, and showing up in a way that makes things better — not louder.Timestamps[0:00] Concessions and an important reminder[5:40] Why you can't be everything to everybody[6:45] A real conversation about discipline[10:50] A Men's Club interaction and sticking to the code[18:40] You never know what someone is going through[21:38] Being a commanding and comforting presence[26:10] Supporting law enforcement and staying physically capable[33:00] The importance of de-escalation[35:05] Why absolutes create problems[40:03] Stay tuned and train daily with JasonThanks for tuning in to the Jason Khalipa Podcast!
Shownotes - Return to Silent Hill Review of Return to Silent Hill The Bloody Awesome Movie Podcast The Bloody Awesome Movie Podcast delivers a spoiler-free review of a film, usually a new release with some exceptions, every week. Then Matt Hudson (@wiwt_uk) from What I Watched Tonight and Jonathan Berk (@berkreviews) from disappointment media will introduce a variety of movies or pop-culture-related topics in a series of segments. Review of Return to Silent Hill Director, writer, and cast: Provided by Letterboxd.com IMDb.com Synopsis: When James receives a mysterious letter from his lost love Mary, he is drawn to Silent Hill—a once-familiar town now consumed by darkness. As he searches for her, James faces monstrous creatures and unravels a terrifying truth that will push him to the edge of his sanity. Ratings: 18% RT critic 29% RT audience 33 Metascore 4.3 IMDb user score 1.7 Letterboxd Box office: $3,252,000 US and $566,847 international Concessions of a Cinephile In this segment, we switch to movie-motivated conversations of a large variety that could include headlines, trailers, top five lists, best of, competitions, etc…. Topic: 2026 Oscar Nominations The Nominees are - https://www.oscars.org/oscars/ceremonies/2026 Media Consumption Movies, TV, Video Games, Music, Podcasts (not ours), etc that we use to pass the time Matt's consumption The Blair Witch Project Silent Hill Magdalena Bay Jon's consumption The Lady Eve Grand Budapest Hotel The Wizard of Oz on stage Arc Raiders
KPFA Theatre Critic Richard Wolinsky reviews the Streetcar Project's production of “A Streetcar Named Desire” by Tennessee Williams at ACT Toni Rembe Theatre through February 1, 2026. TEXT OF REVIEW (some changes were made during recording and cuts for timing were made for radio). The greatest of plays often allow for multiple interpretations. We see that all the time in Shakespeare. We see it in Arthur Miller, in the musicals of Rodgers and Hammerstein, even in August Wilson. And of course we see it in Tennessee Williams. Most interpretations of Williams' second play, A Streetcar Named Desire, are inhibited by the famous movie, which catapulted Marlon Brando to fame. It's hard to see Blanche Dubois beyond Vivien Leigh's faded Southern belle, and it's even harder to see the crude Stanley Kowalski past Brando's scream of “Stella!” But those interpretations, however close to Williams' wishes, obscure the play's lyricism and more to the point, his greatest creation, Blanche Dubois. This production by The Streetcar Project, now at ACT's Toni Rembe Theatre through February 1st, which has played in a variety of site-specific spaces, changes the paradigms, first by removing all props and sets, and second by discardmg the characters' accents, particularly that of Blanche Dubois, played by project co-creator, Lucy Owen. In addition, the full text has been restored. In this production, the stage area is fully open, bounded on three sides by two rows of audience members on folding chairs. Characters wander on and off stage, their voices carry but their bodies are sometimes hard to find.. it can feel like a reading, a radio play, but not always, and not in Act Two. What this shows now is that Streetcar is clearly Blanche's play. Whether with her sister, Stella, beautifully embodied by Heather Lind – their sisterhood is palpable, or with Mitch, Stanley's friend who falls for Blanche, played by James Russell as a product of his era, or with the brutal Stanley, performed by Brad Koed, who never quite escapes Brando. Without the accent, without the affectations, Lucy Owen's Blanche is revealed as brilliant, incisive, misunderstood and wronged. Her lies are no longer signs of weakness; they're not delusional; they're necessary for her survival, and the survival of her pride. It's a fascinating interpretation, which Williams' poetic dialogue om;y amplifies. She's caught in the trap of her times, and it's brought her down low. While much is gained here, something is also lost. Concessions to time and place come from the sound system and from costumes, but much of the action becomes incomprehensible without visible cues and with only the four actors. The giant stage, the cavernous theatre weaken the passion between Stella and Stanley. Chemistry vanishes when characters seem a football field apart. Would such a strong Blanche break so thoroughly at the end of the play? But whatever those issues, this is a Streetcar well worth visiting in its short run, through February 1st. For more information, you can go to act-sf.org. I'm Richard Wolinsky on Bay Area theatre for KPFA. The post Review: “A Streetcar Named Desire” at ACT Toni Rembe Theatre appeared first on KPFA.
AP Washington correspondent Sagar Meghani reports on talks betwen U.S., Russian and Ukrainian negotiators today.
LTPetClub: http://ltpetclub247.com Support your body's immune response sand immune system functions today ——— WAVwatch 2.2, the World's first Sound Frequency Therapy watch: https://WAVwatch.com/awk ———— Protect your investments with And We Know http://andweknow.com/gold Or call 720-605-3900, Tell them “LT” sent you. ————————— AT sea with LT. 2026. Caribbean: https://www.inspirationtravel.com/event/lt-caribbean-cruise-2026 ————————— ➜ Our AWK Website: https://www.andweknow.com/ ➜ AWK Shirts and gifts: https://shop.andweknow.com/ —— *DONATIONS SITE: https://bit.ly/2Lgdrh5 *Mail your gift to: And We Know 30650 Rancho California Rd STE D406-123 (or D406-126) Temecula, CA 92591 ➜ AWK Shirts and gifts: https://shop.andweknow.com/ ➜ Audio Bible https://www.biblegateway.com/audio/mclean/kjv/1John.3.16 Connect with us in the following ways: + DISCORD Fellows: https://discord.gg/kMt8R2FC4z
This week, we review 28 Years Later: The Bone TempleWe also discuss Bloody Awesome Ranking in Concessions of a Cinephile, and more!The Bloody Awesome Movie Podcast The Bloody Awesome Movie Podcast delivers a spoiler-free review of a film, usually a new release with some exceptions, every week. Then Matt Hudson (@wiwt_uk) from What I Watched Tonight and Jonathan Berk (@berkreviews) from disappointment media will introduce a variety of movies or pop-culture-related topics in a series of segments. Review of 28 Years Later: The Bone TempleDirector, writer, and cast: Provided by Letterboxd.comIMDb.com Synopsis: Dr. Kelson finds himself in a shocking new relationship - with consequences that could change the world as they know it - and Spike's encounter with Jimmy Crystal becomes a nightmare he can't escape.. Ratings:93% RT critic89% RT audience81 Metascore7.8 IMDb user score4.0 LetterboxdBox office: $15,000,000 US; $16,200,000 international.Concessions of a CinephileTopic: Bloody Awesome Ranking In this segment, we switch to movie-motivated conversations of a large variety that could include headlines, trailers, top five lists, best of, competitions, etc…. Bloody Awesome Ranking of Ralph Fiennes -The Grand Budapest HotelSchindler's ListThe English PatientThe Constant GardenerThe 28 Year Later: Bone TempleMedia ConsumptionMovies, TV, Video Games, Music, Podcasts (not ours), etc that we use to pass the timeMatt's consumptionThe Last ExorcismThe Last Exorcism 2Jon's consumptionThe RipRatcatcherMorvern CallarArc Raiders
Ce mardi 20 janvier 2026, Sébastien Lecornu a actionné le 49.3 pour faire adopter la partie recettes du budget de l'État. La France insoumise et le Rassemblement national vont déposer une motion de censure. Les écologistes la voteront, mais pas le Parti socialiste qui a l'avenir du gouvernement entre ses mains. Du côté des macronistes et des membres de la majorité, la pilule est extrêmement dure à avaler. Ce matin, à huis clos, la réunion de groupe des députés Renaissance de Gabriel Attal avait des airs de groupe de parole pour expier ce mal-être face à ce budget et ces concessions faites aux socialistes qui sont autant de renoncements sur les fondamentaux de la politique macroniste. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Ce jeudi 8 janvier, l'accord de libre-échange entre le Mercosur et l'Union européenne, et Donald Trump qui jette son dévolu sur le Groenland, ont été abordés par Gaël Sliman, président d'Odoxa, Christian Saint-Étienne, économiste et auteur de "Trump et nous : Comment sauver la France et l'Europe", et Gaëlle Macke, directrice déléguée de la rédaction de Challenges, dans l'émission Les Experts, présentée par Raphaël Legendre sur BFM Business. Retrouvez l'émission du lundi au vendredi et réécoutez la en podcast.
The EU is set to pass a trade deal with South American trade bloc Mercosur after Brussels unveiled new concessions this week. Also in this edition: HSBC has agreed to pay nearly €268 million to the French treasury to settle a case over fraud on dividend tax payments. Plus, a protest from hundreds of UK pubs over higher business rates seems to have been successful.
Cliquez ici pour accéder gratuitement aux articles lus de Mediapart : https://m.audiomeans.fr/s/P-UmoTbNLs Après vingt-cinq ans de négociations, le traité UE-Mercosur doit être voté à Bruxelles vendredi 9 janvier, malgré la colère persistante du monde agricole et de dernières tentatives d'ajustement. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
RUSSIA'S MAXIMALIST DEMANDS Colleague John Hardie. John Hardie outlines Russia's unyielding demands for peace, including territorial concessions and barring Ukraine from NATO. He notes that while Zelensky is nearing agreement with the West on security guarantees, the gap with Russia remains wide. Hardie urges the Trumpadministration to increase pressure to force Putin to compromise. NUMBER 13 1881 UKRAINE
L' Amazonie a été présentée comme une priorité lors de la COP 30 par le président brésilien Lula Da Silva. Il accueillait cet automne la conférence internationale sud le climat à Belem aux portes de la gigantesque foret équatoriale. Nous partons dans le Para, l'un des Etats brésiliens les plus touchés par la déforestation. Dans l'ouest du Para, la forêt est encore préservée… Pour tenter de la conserver, et de limiter les dégâts, le gouvernement brésilien autorise des entreprises privées à exploiter des parcelles de forêts publiques, à condition qu'elles en fassent un usage raisonné et durable. Comment extraire du bois sans détruire la forêt ? Et comment les populations locales voient elles ce développement ? «Amazonie : les défis autour des concessions forestières durables», un Grand reportage de Lucile Gimberg. Réalisation: Pauline Leduc. Ce reportage RFI a été partiellement financé par l'ONG brésilienne Imaflora. [Rediffusion de l'émission du 20 novembre 2025]
JJ walks through how he unexpectedly became the concessions mastermind for a high school theater production—and what running a real concession stand actually teaches you about marketing, pricing, psychology, and human behavior. The conversation breaks down why movie theater popcorn works, how scent and presentation drive impulse purchases, and why simplicity in pricing moves lines faster. JJ explains how he designed a concessions setup that felt intentional, handled cash flow and card payments, optimized inventory night-to-night, and accidentally sparked a turf war with another concessions operation in the same building. Along the way, the episode touches on advertising psychology, branding instincts, crowd flow, impulse buying, volunteer logistics, and how small operational choices—tablecloths, lighting, smell, signage—change the way people perceive value. It's a practical, funny case study in applied marketing, retail fundamentals, and the unintended consequences of doing something too well. For more episodes of JJ Meets World, or to find out how you can support this podcast, visit http://www.jjmeetsworld.com/ Patreon – https://www.patreon.com/jjmeetsworld Merch Shop – https://shop.spreadshirt.com/jj-meets-world Apple Podcasts – https://podcasts.apple.com/us/podcast/jj-meets-world/id1367045742 Spotify – https://open.spotify.com/show/0L9IGvJuUjFK0UOR9AIF5u YouTube – https://www.youtube.com/channel/UCh1WZrpC-XE57mRzi1bzPow Google Play – https://play.google.com/music/listen?u=0#/ps/Iwnpufw6f5qromxbbw6pq32rsya Facebook – https://www.facebook.com/jjmeetsworldpodcast/
Learn how a ping-pong prodigy conquers 1950s New York! This week, we review Marty Supreme. We also discuss Collider's top 100 of the 21st Century in Concessions of a Cinephile, and more!The Bloody Awesome Movie Podcast delivers a spoiler-free review of a film, usually a new release with some exceptions, every week.Then Matt Hudson (@wiwt_uk) from What I Watched Tonight and Jonathan Berk (berkreviews.com) from disappointment media will introduce a variety of movies or pop-culture-related topics in a series of segments.Review: Marty SupremeDirector, writer, and cast provided by Letterboxd.comSynopsisIn 1950s New York, Marty Mauser, a young man with a dream no one respects, goes to hell and back in pursuit of greatness.Ratings & Box OfficeRotten Tomatoes: 94% Critic / 83% AudienceMetascore: 89IMDb: 8.3Letterboxd: 4.3Box Office: $28,491,778 (Domestic)Concessions of a CinephileIn this segment, we switch to movie-motivated conversations of a large variety that could include headlines, trailers, top five lists, best of, competitions, etc….Topic: Collider 100 Greatest Movies of the 21st CenturyCheck out the full list here: Collider's Top 100Media ConsumptionMovies, TV, Video Games, Music, Podcasts, etc. that we use to pass the time.Matt's ConsumptionMovies: Home Alone 2, KrampusJon's ConsumptionMovies: Oh. What. Fun., There's something in the Barn, Anaconda (2025)TV: IT: Welcome to Derry S1; Stranger Things S5E1Games: Phasmophobia; Teenage Mutant Ninja Turtles: Splintered Fate
Ever feel like your contracting business is hitting every possible roadblock during the holiday season? In this festive yet practical episode, Martin and Khalil break down the "12 Days of Contractor Christmas" - a humorous but painfully accurate look at the common problems contractors face. From scope creep to unpaid invoices, they explore how these challenges drain your profits and what systems can prevent them.What You'll LearnWhy most contractor problems are influenceable even when they seem uncontrollableHow to handle change orders profitably instead of losing marginThat your business culture gets set by what you're willing to acceptWhy concessions typically come from a mindset of fearHow proper systems prevent the domino effect of contractor problemsTime Stamps00:00 - Episode Intro01:41 - The 12 Days of Contractor Christmas: Days 1-411:00 - The 12 Days of Contractor Christmas: Days 5-718:40 - The 12 Days of Contractor Christmas: Days 8-1228:12 - Reflections and Holiday WishesSnippets from the Episode"Control is an illusion. You can't have full control but you can heavily influence. And everything we're talking about there, it can be heavily influenced by preparation and contracts and systems." - Martin Holland"The more that you concede and allow that behavior, the more that you've set the standard of what your culture is and you're gonna see more of it."- Khalil Benalioulhaj"Change orders can be great because if you're doing change orders properly, you are bidding, it's almost a guaranteed bid. And you should be doing it at a much higher rate because the scope is changing."- Khalil Benalioulhaj"You're setting the standard for your culture based on what you accept in your business. You can have conversations about this and include expectations to set the company's culture."- Khalil Benalioulhaj"Concessions are a mindset of fear."- Khalil BenalioulhajKey TakeawaysProperly priced change orders should generate higher marginsSystems prevent scope creep and payment disputesWhat you tolerate becomes your company cultureThe real cost of callbacks goes beyond materialsUnfinished work is often tied to lack of clear scope definitionsInvoice promptly to avoid cash flow problemsControl may be impossible, but influence is always availableResources24 Things Construction Business Owners Need to Successfully Hire & Train an Executive AssistantSchedule a 15-Minute Roadblock CallBuild a Business that Runs without you. Explore our GrowthKits Need Marketing Help? We Recommend BenaliNeed Help with podcast production? We recommend DemandcastMore from Martin Hollandtheprofitproblem.comannealbc.com Email MartinMeet With MartinLinkedInFacebookInstagramMore from Khalilbenali.com Email KhalilMeet With KhalilLinkedInFacebookInstagramMore from The Cash Flow ContractorSubscribe to our YouTube channelSubscribe to our NewsletterFollow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)Visit our websiteEmail The Cashflow Contractor
Ukraine has unveiled a new 20-point peace plan with Russia. President Volodymyr Zelenskyy has signaled it includes concessions on a number of thorny issues.
Thomas Winstanley from Edibles.com is back to discuss the critical issue of federally recriminalizing hemp-derived THC products like Delta 8 THC via the congressional spending bill, despite the industry being legalized under the 2018 Farm Bill.Winstanley emphasized the dire economic consequences for farmers, noting that recriminalization would wipe out a $6.6 billion industry, and argued for a six-month extension to the November 2026 deadline to prevent farmers from harvesting useless crops.As a political concession to preserve the category, he suggested a focus on codifying the market with a 5-milligram per serving limit for hemp edibles. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Avatar: Fire and Ash - Shownotes body { font-family: sans-serif; margin: 20px; line-height: 1.6; color: #333; } h1, h2, h3, h4 { color: #222; } ul { list-style-type: disc; margin-left: 20px; } .intro, .host-info { margin-bottom: 20px; } hr { border: 0; border-top: 1px solid #eee; margin: 40px 0; } Learn the secrets of the Ash People! This week, we review Avatar: Fire and Ash. We also discuss Trailer Talk in Concessions of a Cinephile, and more! The Bloody Awesome Movie Podcast delivers a spoiler-free review of a film, usually a new release with some exceptions, every week. Then Matt Hudson (@wiwt_uk) from What I Watched Tonight and Jonathan Berk (@berkreviews) from disappointment media will introduce a variety of movies or pop-culture-related topics in a series of segments. Review: Avatar: Fire and Ash Director, writer, and cast provided by Letterboxd.com Synopsis In the wake of the devastating war against the RDA and the loss of their eldest son, Jake Sully and Neytiri face a new threat on Pandora: the Ash People, a violent and power-hungry Na'vi tribe led by the ruthless Varang. Jake's family must fight for their survival and the future of Pandora in a conflict that pushes them to their emotional and physical limits. Ratings & Box Office Rotten Tomatoes: 67% Critic / 91% Audience Metascore: 61 IMDb: 7.5 Letterboxd: 3.7 Box Office (as of 12/22): $88,000,000 US, $257,000,000 International; $345,000,000 Worldwide Total Concessions of a Cinephile In this segment, we switch to movie-motivated conversations of a large variety that could include headlines, trailers, top five lists, best of, competitions, etc… Topic: Trailer Talk Avengers: Doomsday - Watch Trailer The Odyssey - Watch Trailer Digger - Watch Trailer Media Consumption Movies, TV, Video Games, Music, Podcasts, etc. that we use to pass the time. Matt's Consumption Movies: The Conjuring, The Conjuring 2, Silent Night Game: Phasmophobia Jon's Consumption Movies: Folktales, Rebuilding, Christmas in July, Unaccompanied Minors, SLY LIVES! (aka The Burden of Black Genius), Left-Handed Girl Game: Phasmophobia
What if smart sellers stopped following rigid pricing rules and started making decisions that actually align with their values, their clients, and the kind of business they want to build. In this episode of the Sales Maven Show, Nikki Rausch challenges some of the loudest advice in the sales and entrepreneurial space, especially the idea that you should never make concessions or that "charging your worth" looks the same for everyone. Instead, Nikki invites you into a more thoughtful and empowered way of leading your business, one rooted in clarity, discernment, and long term relationships. Nikki shares her personal philosophy around concessions and why flexibility, when done intentionally, can strengthen trust rather than weaken your position. She explains that smart sellers understand the difference between discounting out of fear and making a strategic choice based on shared values and mutual respect. Drawing from her own experiences, Nikki walks through the criteria she uses when deciding whether to offer a concession, including a client's level of investment, participation, appreciation, and commitment to the work. These are not emotional decisions made in the moment. They are conscious choices grounded in leadership and self trust. Throughout the episode, Nikki breaks down why blanket advice from business gurus often falls short. What works for one entrepreneur may not work for another, and blindly following rules can leave you feeling boxed in or resentful. Nikki emphasizes the privilege and responsibility of being the CEO of your own business. You get to decide what feels right, what aligns with your values, and how you want to show up for your clients. That also means setting boundaries, communicating expectations clearly, and making sure concessions are never one sided. Listeners will also hear Nikki reflect on lessons learned from times when concessions did not work out as planned. She explains how these moments became opportunities to refine her criteria, strengthen her communication, and recommit to relationships that feel mutually beneficial. The focus is not on short term wins, but on lifetime client value and partnerships built on respect and transparency. This episode is a powerful reminder that smart sellers do not sell from fear or rigidity. They sell from confidence, intention, and clarity. If you have ever questioned whether you are doing sales the "right" way, this conversation will give you permission to trust yourself, lead with integrity, and create a business that works for you and your clients. Nikki invites you to join the Sales Maven Society. Take advantage of this opportunity to work together with you and Nikki. Bring your questions, concerns, and sales situations; she provides answers and guidance. Join the Sales Maven Society here, click Join Today, and then checkout and use coupon code 47trial to get your first month for $47.00! For more actionable sales tips, download the FREE Closing The Sale Ebook. Find Nikki: Nikki Rausch nikki@yoursalesmaven.com Facebook | Twitter | LinkedIn | Instagram Sales Maven Society https://calendly.com/salesmaven/work-with-nikki-discussion
Wake Up Dead Man - Shownotes body { font-family: sans-serif; margin: 20px; line-height: 1.6; color: #333; } h1, h2, h3, h4 { color: #222; } ul { list-style-type: disc; margin-left: 20px; } .intro, .host-info { margin-bottom: 20px; } hr { border: 0; border-top: 1px solid #eee; margin: 40px 0; } Learn the secrets behind the latest Knives Out mystery! This week, we review Wake Up Dead Man. We also discuss News in Concessions of a Cinephile, and more! The Bloody Awesome Movie Podcast delivers a spoiler-free review of a film, usually a new release with some exceptions, every week. Then Matt Hudson (@wiwt_uk) from What I Watched Tonight and Jonathan Berk (@berkreviews) from disappointment media will introduce a variety of movies or pop-culture-related topics in a series of segments. Review: Wake Up Dead Man: A Knives Out Mystery Director, writer, and cast provided by Letterboxd.com Synopsis When young priest Jud Duplenticy is sent to assist charismatic firebrand Monsignor Jefferson Wicks, it's clear that all is not well in the pews. After a sudden and seemingly impossible murder rocks the town, the lack of an obvious suspect prompts local police chief Geraldine Scott to join forces with renowned detective Benoit Blanc to unravel a mystery that defies all logic. Ratings & Availability Rotten Tomatoes: 93% Critic / 94% Audience Metascore: 81 IMDb: 7.5 Letterboxd: 3.9 Platform: Netflix Concessions of a Cinephile In this segment, we switch to movie-motivated conversations of a large variety that could include headlines, trailers, top five lists, best of, competitions, etc… Topic: News Rob Reiner Spotlight - A career look at the director of: This is Spinal Tap Stand By Me The Princess Bride When Harry Met Sally… Misery A Few Good Men Spinal Tap II: The End Continues Trailer Talk: New Spielberg Movie Trailer Media Consumption Movies, TV, Video Games, Music, Podcasts, etc. that we use to pass the time. Matt's Consumption Movies: Clown in a Cornfield, The Force Awakens, Silent Night Deadly Night TV: Welcome to Derry Jon's Consumption Movies: Enigmatic Workings of a Just and Loving Force, No Other Choice, Avatar: Fire and Ash, Sentimental Value, Ella McCay, How the Grinch Stole Christmas, Hamnet, Marty Supreme, Come See Me in the Good Light Games: Phasmophobia - Winter's Jest event
On today's show Andrew and Bill begin with the news that the US is greenlighting the sale of Nvidia's H200 chips to the PRC market. Topics include: Dubious claims in Trump's Truth Social post announcing the news, searching for arguments in support of this policy change, the 25% of China revenue Nvidia will pay to the U.S. government, and waiting for Beijing's response, including how many U.S. chips Chinese companies will be allowed to buy. From there: The U.S. halts plans to sanction the MSS and its contractors, Japan seeks more support from the U.S., and the dynamics of “stability” come into focus. At the end: The December Politburo meeting, Emmanuel Macron's visit to China, an email about the West's willingness to build, and ‘Zootopia 2' becomes a sensation in China.
Carl Quintanilla, Sara Eisen, and David Faber kicked off the hour with fresh jobs data just crossing - before getting into a growing number of comments around the high/low-income consumer. Bespoke's Paul Hickey pointing out some bullish historical trends into year-end, while Goldman's Head of Corporate Credit gave his predictions for rates as another FOMC meeting kicks off today. Plus: a volatile morning for Nvidia as the White House greenlights the sale of some chips to China... what you should know, what it means for shares, and key analysis from one sell-side analyst who calls the stock a buy here. Also in focus: closing the wealth gap with a new tax... NY Congressman Dan Goldman joined Post 9 with more on his new bill to tax the ultrawealthy, while the team also took a look at Elon Musk's growing wealth tied to SpaceX - and why it could be a bad thing for Tesla shareholders.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
12-04-25 - Emailer Is Having His Gallbladder Removed Today - Environmentalists Rant Against Michael Jordan For Renting Huge Yacht - Taliban Has Some Good Ideas Like Filling Stadiums For Vengeance Killings And We Wonder If There's ConcessionsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
12-04-25 - Emailer Is Having His Gallbladder Removed Today - Environmentalists Rant Against Michael Jordan For Renting Huge Yacht - Taliban Has Some Good Ideas Like Filling Stadiums For Vengeance Killings And We Wonder If There's ConcessionsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Day 1,371.Today, as a leaked call reveals that Steve Witkoff, the US special envoy to Russia, coached a Kremlin negotiator on how to make Donald Trump more favourable to Moscow's position, we examine the fallout – or the lack of it. We also assess new signals that Trump's much-trailed Thursday deadline may not be as cast-iron as claimed. Then we turn to the reaction from Moscow and across Europe's parliaments: alarm, or business as usual?ContributorsFrancis Dearnley (Executive Editor for Audio). @FrancisDearnley on X.Dominic Nicholls (Associate Editor of Defence). @DomNicholls on X.James Kilner (Foreign Correspondent). @jkjourno on X.Adélie Pojzman-Pontay (Journalist and Producer). @adeliepjz on X.SIGN UP TO THE ‘UKRAINE: THE LATEST' WEEKLY NEWSLETTER:http://telegraph.co.uk/ukrainenewsletter Each week, Dom Nicholls and Francis Dearnley answer your questions, provide recommended reading, and give exclusive analysis and behind-the-scenes insights – plus maps of the frontlines and diagrams of weapons to complement our daily reporting. It's free for everyone, including non-subscribers.CONTENT REFERENCED:Telegraph Ukraine Live Blog:https://www.telegraph.co.uk/world-news/2025/11/26/ukraine-russia-war-latest-news-trump-peace-talks/ Trump envoy coaches Kremlin negotiator in leaked call (Telegraph):https://www.telegraph.co.uk/us/politics/2025/11/25/witkoff-coach-russians-peace-plan-trump/Starmer demands British boots on ground under Ukraine peace deal (The Telegraph):https://www.telegraph.co.uk/world-news/2025/11/25/russia-hints-it-may-reject-latest-peace-deal/ I've seen high-level negotiations. Witkoff broke the one rule that matters (David Blair in The Telegraph):https://www.telegraph.co.uk/news/2025/11/26/witkoff-ushakov-leaked-call/ Bloomberg's Leaked Transcripts:https://www.bloomberg.com/news/articles/2025-11-25/witkoff-advised-russia-on-how-to-pitch-ukraine-plan-to-trumpSubscribe: telegraph.co.uk/ukrainethelatestEmail: ukrainepod@telegraph.co.uk Hosted on Acast. See acast.com/privacy for more information.
SHOW 11-24-25 CBS EYE ON THE WORLD WITH JOHN BATCHELOR 1852 THE SHOW BEGINS IN THE DOUBTS ABOUT THE PEACE PLANS. FIRST HOUR 9-915 Ukraine Peace Plans, Concessions, and the Impact on US Alliances — Bill Roggio, Husain Haqqani — Bill Roggiosuggests Ukraine is losing militarily and must accept difficult territorial and military concessions to ensure state survival, predicting that proposed peace deals will ultimately collapse. Ambassador Haqqani emphasizes that U.S. abandonment of allies, exemplified in Afghanistan and Iraq, creates an international perception that America cannot be relied upon. Russia's prevailing would constitute a victory for the "axis of aggressors," including China, Iran, and North Korea, fundamentally weakening U.S. global influence. 915-930 930-945 945-1000 China's Floating Island, Metamaterials, and Polar Ambitions — Brandon Weichert, Gordon Chang — Brandon Weichert discusses China developing an artificial floating island, potentially engineered to withstand nuclear detonation. He characterizes the platform as a next-generation man-made island designed for anti-access and area-denial capabilities. Weichert emphasizes that the core technology—metamaterials—holds critical applications for infrastructure in extreme polar environments, including the Arctic and Antarctic. Gordon Chang notes widespread pessimism in China regarding the prohibitive cost of such massive engineering projects. SECOND HOUR 10-1015 Targeting Terror: Muslim Brotherhood, Hezbollah, and Iran's Crises — Malcolm Hoenlein — Malcolm Hoenlein reports the U.S. is moving to designate the Muslim Brotherhood—Hamas progenitors—as a Foreign Terrorist Organization. He details Iran's severe internal crises, including critical water shortages and power blackouts caused by illegal cryptocurrency mining, alongside its continued drive to rebuild nuclear and conventional arsenals. Israel eliminated Hezbollah's second-in-command, Hashem Safieddine, in Beirut, directly countering Hezbollah's regeneration efforts in Lebanon. The U.S. is actively courting Saudi Arabia to counter China and Russia and encourage participation in the Abraham Accords. Share 1015-1030 1030-1045 Geopolitical Realignment: Venezuelan Cartel and Latin America's Rightward Shift — Ernesto Araujo, Alejandro Peña Esclusa — Alejandro Peña Esclusa discusses the U.S. designating Venezuela's Cartel of the Suns as a Foreign Terrorist Organization, noting they weaponize drug trafficking and maintain alliances with groups including Hezbollah. Ernesto Araujo addresses former Brazilian President Bolsonaro's recent detention and notes that indigenous protests undermined the Lula administration's narrative at COP 30. The upcoming Honduras election reflects a continental trend away from the corrupt "pink tide" regimes. 1045-1100 THIRD HOUR 1100-1115 The Unacceptable Price of Peace: Ukraine's Sticking Points — John Hardie — John Hardie details the Russian-drafted 28-point peace plan, which demanded Ukraine's withdrawal from Donbass, prohibition of NATO accession, and limitations on military force size. Ukraine, approaching negotiations strategically, refuses to surrender fortified Donbass territory essential for defense against future Russian aggression. Russia's maximalist demands render an acceptable settlement nearly impossible, though Ukrainians would accept a military freeze in place coupled with robust Western security guarantees. 1115-1130 1130-1145 Russia's Ambitions in Southern Syria and Israel's Strategic Calculus — Akmed Sharawari — FDD's Akmed Sharawari discusses Russian officers touring southern Syria, potentially returning to staff deconfliction checkpoints between Israel and Syria. Israel reportedly prefers a Russian presence, including bases in western Syria, as a counterbalance to Turkey's growing influence over Damascus. Sharawari argues Israel should not trust Russia given its history of enabling Iranian-backed actors like Hezbollah. Despite ongoing Israeli operations, Hezbollah's smuggling routes remain operational. 1145-1200 Prime Minister Carney's Early Highwire Act in Canadian Politics — Conrad Black — Conrad Black analyzes the early tenure of Canadian Prime Minister Chrystia Freeland (referred to as Carney in this segment), who narrowly secured passage of his budget. Carney campaigned partly on opposition to Donald Trump, demonstrating political agility by balancing competing party factions—advancing a new pipeline for Alberta while offering environmental concessions. Black notes that Canada remains conflicted regarding China, attempting to maintain trade relations while publicly condemning election interference. FOURTH HOUR 12-1215 Iran's Strategic Gains from the War in Ukraine — Jonathan Sayeh — Jonathan Sayeh states that Iran is celebrating Russia's advantageous position in Ukraine as a geopolitical win because it enabled Iran to export military weaponry and demonstrate combat capabilities internationally. Iran expects Russia to reciprocate this military assistance, potentially through air defense system modernization or advancement of Iran's nuclear program, despite profound mutual mistrust between the strategic partners. Iran benefits globally by selling weapons and leveraging instability to argue the U.S. has become an unreliable superpower. 1215-1230 1230-1245 Hezbollah Regeneration Efforts and the Fallout from a Targeted Beirut Strike — David Daoud, Bill Roggio — David Daoud reports that Israel killed Hezbollah's top military commander, Hashem Safieddine, in Beirut, marking an expansion of Israeli operations into the Lebanese capital. This escalation reflects Hezbollah's comprehensive regeneration efforts—including receiving billions in funding from Iran and developing domestic drone production capabilities—which are outpacing Israeli degradation operations. Hezbollah and Hamas view Russia's success in Ukraine as strategically beneficial because it diminishes American global hegemony. 1245-100 AM
Ukraine Peace Plans, Concessions, and the Impact on US Alliances — Bill Roggio, Husain Haqqani — Bill Roggiosuggests Ukraine is losing militarily and must accept difficult territorial and military concessions to ensure state survival, predicting that proposed peace deals will ultimately collapse. Ambassador Haqqani emphasizes that U.S. abandonment of allies, exemplified in Afghanistan and Iraq, creates an international perception that America cannot be relied upon. Russia's prevailing would constitute a victory for the "axis of aggressors," including China, Iran, and North Korea, fundamentally weakening U.S. global influence. 1855 CRIMEAN WAR, SCOTS FUSILIER GUARDS
CONTINUED Ukraine Peace Plans, Concessions, and the Impact on US Alliances — Bill Roggio, Husain Haqqani 1855 CRIMEAN WAR GRENADIER GUARDS
The full length edition of this week's' Friday Focus podcast is being made available to all paying and non-paying subscribers. To sign up to watch the livestream of our upcoming December 3rd Munk Debate on the Two-State Solution, click here. Rudyard and Janice unpack the leaked 28-point draft peace plan for Ukraine negotiated between US special envoy Steve Witkoff and Russian counterpart Kirill Dmitriev. The deal requires Ukraine to give up the remainder of the Donbas region in exchange for a security guarantee from Europe and the US, yet puts the pathway to NATO membership for Ukraine put on hold. What happens if Zelensky, who is already unpopular and facing deep divisions at home, accepts this deal? Does he have room to negotiate? Meanwhile, the rest of Europe is watching closely and preparing for war. Do the Baltic and eastern European states have reason to be concerned? Is European deterrence a failure? And what role can and will NATO play in pushing back against Russian aggression?
PBS News obtained the 28-point plan drafted by the Trump administration to try to end the war in Ukraine. The document is at the center of a pivotal diplomatic visit to Kyiv by Army Secretary Dan Driscoll. It references Ukrainian security guarantees, but also demands Ukraine give up territory, cap the size of its military and blocks NATO from sending troops to Ukraine. Nick Schifrin reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
Interested in a career at the Metropolitan Washington Airports Authority? See what we have available here: https://www.mwaa.com/careersHave questions for us? We'd love to hear from you! Send us an email at info@thecapitalrunway.comFor more information, please visit our website at https://thecapitalrunway.com.Staff:Tanisha Lewis, VP of Regulatory Compliance and Community EngagementJaimini Erskine, VP of Marketing & ConcessionsCharles Wilson, Co-host/Co-producerAmanda Ohbayashi, Co-host/Co-producer/Social media producerBong Lee, GraphicsBrian McCoy, Digital Strategy/Co-producerSagia Depty, Marketing Lead/Co-producer
Today Clark talks about the new Robinhood experience. A pioneer of free stock trading, Robinhood is looking to build real relationships with investors. Clark discusses how Robinhood Gold works, with incentives aligned to savings. Later in this episode - when was the last time you went to a movie theater? The world's largest movie chain is doing membership off-peak pricing on certain weekdays. Just be aware of the price perils within the theater! Robinhood Investing: Segment 1 Ask Clark: Segment 2 At The Movies: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Is Robinhood Gold Worth It? UGMA/UTMA 529 Plan: Definition, Pros & Cons vs. Traditional 529 Best 529 College Savings Plans By State My Neighbor's Dead Tree Is About To Fall on My House. What Do I Do? AMC's 50% discounts are here. Will it help revive the movie industry? When Should You Pay Off Your Mortgage Instead of Investing? Early Mortgage Payoff Calculator Vanguard Personal Advisor Review Clark.com resources: Episode transcripts Community.Clark.com / Ask Clark Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices