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-[Jonathan] Hello.
-[both] Hi!
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00:00:02,367 --> 00:00:03,500
[Jonathan] So, we wanna
back you guys.
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00:00:03,500 --> 00:00:05,200
[shrieks] Thank you so much!
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00:00:05,200 --> 00:00:07,467
[Jonathan] Sheryl isseasoned developerwho recently brought
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00:00:07,467 --> 00:00:09,200
her daughter, Jasper,into the business.
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00:00:09,200 --> 00:00:11,066
We decided to back thembecause they're struggling
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00:00:11,066 --> 00:00:13,000
with their firstmulti-unit project.
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00:00:13,000 --> 00:00:15,867
[Sheryl] Property was turnedfrom residentialto commercial.
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00:00:15,867 --> 00:00:17,567
We had no idea
until we started.
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00:00:17,567 --> 00:00:19,500
[Jonathan] They already hadtheir own contractorand trades.
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00:00:19,500 --> 00:00:21,100
So we brought inour design
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00:00:21,100 --> 00:00:22,500
and constructionmanagement team.
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00:00:22,500 --> 00:00:24,200
-Kelly, Donnie.
-[Kelly] I know. Hi.
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00:00:24,200 --> 00:00:26,166
[Jonathan] As well asdedicated our own time
15
00:00:26,166 --> 00:00:28,467
thinking we're just gonnaget them acrossthe finish line.
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[Donnie] Calling withnot the best news.
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00:00:30,066 --> 00:00:32,867
There wasn't the precautiontaken on these shared walls
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00:00:32,867 --> 00:00:34,166
to keep fire from jumping.
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00:00:34,166 --> 00:00:36,000
The drywall hasto be walked back.
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00:00:36,000 --> 00:00:38,367
We are looking ata good three week delay.
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00:00:38,367 --> 00:00:41,300
[Jonathan] Turns out,we're not even closeto being done.
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00:00:42,266 --> 00:00:43,667
Massive undertaking.
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00:00:43,667 --> 00:00:45,667
Potentially massive profit.
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00:00:45,667 --> 00:00:46,500
It smells like money.
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[Drew] We just wantto help people
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00:00:47,800 --> 00:00:49,100
get into good investments
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00:00:49,100 --> 00:00:51,200
or to help save them
from what's turning into
a bad investment.
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00:00:51,200 --> 00:00:52,500
I don't know what I'm doing.
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00:00:52,500 --> 00:00:54,500
I've never flippeda house before.
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00:00:54,500 --> 00:00:56,667
[Jonathan]
Had you rented it outfrom the beginning,
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00:00:56,667 --> 00:00:59,467
-you would have made
over $400,000.
-Ah!
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We want to back you
because we can
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00:01:00,767 --> 00:01:03,200
really help you
get this project done.
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00:01:03,200 --> 00:01:04,767
Thank you, guys.You have no idea.
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00:01:04,767 --> 00:01:07,300
$100,000?
You're freaking nuts.
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00:01:07,300 --> 00:01:08,667
[Drew] This house
seems impossible.
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00:01:08,667 --> 00:01:10,767
We made so many mistakes
early on.
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I wish we had a mentor
who could tell,
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00:01:12,967 --> 00:01:16,066
"No, no, guys bad idea.
Rookie mistake."
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00:01:16,066 --> 00:01:18,000
They're already
200 grand in the hole.
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00:01:18,000 --> 00:01:19,533
-Obviously,
this needs some work.
-[man] Yeah.
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00:01:20,600 --> 00:01:22,467
On paper,
some things can look great.
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00:01:22,467 --> 00:01:24,567
In person,
whole different story.
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00:01:24,567 --> 00:01:25,567
We've got a problem.
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00:01:25,567 --> 00:01:26,600
You've got to
tell these guys
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to stop everything right now.
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00:01:28,066 --> 00:01:30,266
And if they don't
get this right,
I think they're done.
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[Sheryl] This islife changing.
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This is going to turnthe page to my career.
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Who wants to make some money?
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00:01:41,767 --> 00:01:43,100
Hello.
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00:01:43,100 --> 00:01:44,467
[Drew over phone] Hey,what's going on?
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00:01:44,467 --> 00:01:47,000
So you know how
at Sheryl and Jasper's
triplex,
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00:01:47,000 --> 00:01:48,767
we had
the fire code violations?
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00:01:48,767 --> 00:01:51,967
Well, I just got word
they've been resolved.
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00:01:51,967 --> 00:01:53,266
[Drew] Oh my gosh, finally.
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00:01:53,266 --> 00:01:55,667
-[Jonathan] Exactly.
-[Drew] Did we getthe drywall back up?
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00:01:55,667 --> 00:01:59,767
No, so there's still
one last inspection
that has to happen,
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00:01:59,767 --> 00:02:02,767
which is just kind of
more of a process thing
to close it out.
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00:02:02,767 --> 00:02:05,500
But we've already been told
that everything's good,
everything complies.
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00:02:05,500 --> 00:02:07,033
[Drew] It's justso frustrating.
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00:02:07,033 --> 00:02:10,300
I get that it was rezonedbecause it was a multi-uniton a major street,
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but the conversionfrom residential to commercial
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is haunting us.
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00:02:14,467 --> 00:02:15,967
[Jonathan] Sheryl and Jasper
did warn us
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00:02:15,967 --> 00:02:18,667
that their projects
tend to be a little chaotic.
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00:02:18,667 --> 00:02:22,467
So we kind of got into this
knowing what we were
gonna expect.
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00:02:22,467 --> 00:02:23,667
[Drew] We justneed to get Donnie
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00:02:23,667 --> 00:02:26,367
and then tell him the design'ssent back over there ASAP.
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00:02:26,367 --> 00:02:28,367
Let's get this thing through.
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00:02:28,367 --> 00:02:30,600
There are a lot of very
important differences
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00:02:30,600 --> 00:02:32,467
betweenresidential construction
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and commercial construction.
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More stringent fire standards,
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00:02:35,967 --> 00:02:37,767
more stringentsafety measures.
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00:02:37,767 --> 00:02:40,467
For example, your burn timebetween a separation
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has to be longer,which meansit's a thicker drywall.
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00:02:43,467 --> 00:02:46,667
Maybe there's some other typeof fireproof coatingyou have to put up.
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00:02:46,667 --> 00:02:48,867
You need to know this stuff
in advance.
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00:02:48,867 --> 00:02:49,800
To do all your drywall,
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00:02:49,800 --> 00:02:51,667
to have to ripmost of it back out again
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because you didn't meetthe fire rating,
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00:02:53,500 --> 00:02:56,166
that is insanity
and so expensive.
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This is a shared wall
with the other units.
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00:02:57,867 --> 00:02:59,100
-[Sheryl and Jasper] Yes.
-The other concern is
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00:02:59,100 --> 00:03:01,266
a fire starting
in this kitchen
and jumping to that kitchen.
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00:03:01,266 --> 00:03:03,400
Yeah, they used
the wrong material at first.
88
00:03:03,400 --> 00:03:05,000
[Sheryl] It was
fire-stopping foam.
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00:03:05,000 --> 00:03:07,400
-But he wanted
this particular material.
-[Jasper] Yeah.
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00:03:07,400 --> 00:03:08,667
[Donnie] It's like putty
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00:03:08,667 --> 00:03:09,834
-they kind of put
on all these. Yeah.
-[Sheryl] Putty, yeah.
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00:03:09,834 --> 00:03:11,367
So, we've never done
a building like this before.
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00:03:11,367 --> 00:03:13,400
So now we know
for the next one. [chuckles]
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00:03:13,400 --> 00:03:15,900
We've gotten everything,
I think, on their list done.
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00:03:15,900 --> 00:03:17,500
We've got the putty
on the electrical.
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00:03:17,500 --> 00:03:19,867
All the plugs are wrapped
with fireproofing.
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00:03:19,867 --> 00:03:21,100
And then we're going to use
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the fire-rated drywall here
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and then on the ceiling,
too, correct?
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-[Sheryl] Yes ...ceiling. Yes.
-[Donnie] ...ceiling.
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00:03:25,066 --> 00:03:27,500
-We talked about getting
a bigger drywall team...
-[Sheryl] Yes.
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-...to see if we could bring
some more the bodies in here.
-Okay.
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In two-three weeks,
we should be back on track.
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00:03:32,100 --> 00:03:33,867
I wish I had gottenthis project sooner,
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00:03:33,867 --> 00:03:35,367
before all the roughwas complete.
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00:03:35,367 --> 00:03:36,634
You guys want to check out
the other ones?
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Make sure we got
everything covered in
the other units as well?
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00:03:38,500 --> 00:03:40,767
I mean, the difference
between residential
and commercial
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can be huge and expensive,
and I hate to see it.
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Hi, Jonathan.
How are you?
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00:03:58,100 --> 00:03:59,567
I'm well.How's it going over there?
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It's going good.
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00:04:00,500 --> 00:04:02,667
Donnie has really kept us
accountable,
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00:04:02,667 --> 00:04:05,767
and Kelly is helping us
stay in budget.
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00:04:05,767 --> 00:04:08,000
Sheryl is still getting
the things that she wants,
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00:04:08,000 --> 00:04:09,767
but we're learning
how to do it cheaper.
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00:04:09,767 --> 00:04:11,100
[Jonathan] Well,that's good to know.
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00:04:11,100 --> 00:04:12,967
Everything you learnedfrom Kelly and Donnie,
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00:04:12,967 --> 00:04:14,667
you'll apply itto all your projects.
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00:04:14,667 --> 00:04:17,600
We just finished
the project in Encino.
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00:04:18,066 --> 00:04:20,000
And Sheryl did go over budget,
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00:04:20,000 --> 00:04:23,000
so I'm happy
that she's compromising here.
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00:04:23,000 --> 00:04:24,600
[Jonathan] Me too.We'll help her stay the course
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00:04:24,600 --> 00:04:26,367
and we're gonna come overand apply some pressure.
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00:04:26,367 --> 00:04:27,400
We'll see you guysin a little bit.
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00:04:27,400 --> 00:04:29,200
-Can't wait to see you. Bye.
- All right, bye.
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00:04:32,700 --> 00:04:35,567
I'm on my way to the triplexand I wanted to seethe progress.
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00:04:35,567 --> 00:04:36,467
But I also wantto talk through
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00:04:36,467 --> 00:04:38,266
where we arewith all of our decisions,
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00:04:38,266 --> 00:04:40,000
finishing materials,things like that.
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00:04:40,000 --> 00:04:43,400
Jasper let me know thatthere may still be some places
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00:04:43,400 --> 00:04:45,667
where Sheryl is spendinga little bit too much.
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00:04:45,667 --> 00:04:48,767
I'm glad Sheryl agreedto getting the discountedkitchen slabs
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00:04:48,767 --> 00:04:50,100
that Kelly took her to buy.
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00:04:50,100 --> 00:04:52,467
We broughtprobably about a 50% savings
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00:04:52,467 --> 00:04:53,800
for the exact same beauty.
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00:04:53,800 --> 00:04:55,367
So, that's whatI want to drill home.
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00:04:55,367 --> 00:04:57,400
I want her to understandwith the triplex,
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00:04:57,400 --> 00:04:59,667
you've got to find waysto bring those costs down.
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00:04:59,667 --> 00:05:02,266
Walk me through
how you envision this kitchen.
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00:05:02,266 --> 00:05:04,000
Clearly, sink in the center.
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00:05:04,000 --> 00:05:05,767
-[Sheryl] Well, the sink
is here by the window.
-Oh.
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00:05:05,767 --> 00:05:07,100
-Okay.
-[Sheryl laughs] Yes.
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00:05:07,100 --> 00:05:09,367
And then the cabinetsjust go straight across.
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00:05:09,367 --> 00:05:11,100
-[Kelly] Right.
-[Sheryl] And thenthere's upper cabinets.
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00:05:11,100 --> 00:05:14,367
And I want the backsplashto go all the way upto the ceiling
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00:05:14,367 --> 00:05:16,567
with a really nicedecorative hood.
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00:05:16,567 --> 00:05:18,867
And we have a large island,
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- eight feet by four,waterfall edg e.
-[Kelly] Mmm-hmm.
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00:05:21,667 --> 00:05:24,400
[Sheryl] And I'd also liketo use thatfor the countertops
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00:05:24,400 --> 00:05:26,000
- and the full backsplash.
-[Kelly] Mmm-hmm.
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00:05:26,000 --> 00:05:28,166
When I was doingall the numbers together,
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because we're not doing
engineered flooring,
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and we're not going to do
hardwood,
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-we're doing the luxury vinyl.
-[Sheryl] Right.
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It's like pennies
on the dollar in comparison.
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So, we can do the waterfall
because we can save money
with the floors.
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00:05:38,100 --> 00:05:39,367
-Ding, ding.
-[Sheryl] Oh, oh!
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00:05:39,367 --> 00:05:40,433
-What's happening?
-[Sheryl] Hey!
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-[Jonathan] How are you?
-[Jasper] Good, how are you?
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How's it going here?
Are they giving you
a hard time
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-or are they listening?
-[all laughing]
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Actually, they're like
the easiest clients of life.
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00:05:48,400 --> 00:05:50,100
-They're the greatest.
-[Jasper] That is so nice.
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00:05:50,100 --> 00:05:51,100
[Jonathan] Okay, good.
166
00:05:51,100 --> 00:05:53,100
Looking at the triplex,it's in great shape.
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00:05:53,100 --> 00:05:55,000
And I can see some
samples laid out,
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00:05:55,000 --> 00:05:56,100
so it sounds likewe're at the point
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where we're finalizingour flooring, our cabinets.
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Every dollar counts.
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-[Kelly] We compromised
with the vinyl flooring.
-[Sheryl] Yes.
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00:06:03,467 --> 00:06:05,600
-Okay.
-Okay? That way
we we can save money.
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00:06:05,600 --> 00:06:07,000
[Jonathan] And the good thing
too, is,
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00:06:07,000 --> 00:06:09,567
the aesthetic is going to
be beautiful when it's done.
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00:06:09,567 --> 00:06:11,400
-[Jasper] Yeah.
-And this is going to last
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-ten times longer
than a solid hardwood.
-[Sheryl] Yes. Okay.
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00:06:14,400 --> 00:06:15,600
-I think this is
a good choice.
-[Kelly] Yeah.
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[Jonathan] The luxury vinylwill be a savings for them.
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00:06:18,200 --> 00:06:21,000
And it's gonna stand upto the durabilityof having renters in there.
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[Kelly] This is gonna be
our cabinets.
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00:06:22,300 --> 00:06:23,667
Okay, great.
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00:06:23,667 --> 00:06:26,266
-So taking that
into consideration...
-[Jonathan] Yeah, that's nice.
183
00:06:26,266 --> 00:06:28,200
I love that you're going
with a nice, clean,
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00:06:28,200 --> 00:06:29,367
-lighter tone.
-[Jasper] Mmm-hmm.
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00:06:29,367 --> 00:06:31,467
Have you talked about
which flooring
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00:06:31,467 --> 00:06:32,433
you would want to go with?
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00:06:32,433 --> 00:06:33,834
-[Sheryl] Yes.
-[Jonathan] On the end, here?
188
00:06:33,834 --> 00:06:35,300
-[Jasper] Yeah,
that was the one.
-[Sheryl] That's the choice.
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00:06:35,300 --> 00:06:36,500
[Jonathan]
They're very complimentary.
190
00:06:36,500 --> 00:06:38,767
Kelly and Donnieare having a great effect.
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00:06:38,767 --> 00:06:39,900
Getting them organized,
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00:06:39,900 --> 00:06:41,600
getting them to understandthe value
193
00:06:41,600 --> 00:06:43,867
of some of these productsthat we're swapping out.
194
00:06:43,867 --> 00:06:46,066
Is there anything
that you have not ordered yet
195
00:06:46,066 --> 00:06:47,367
that still needs
to be ordered?
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00:06:47,367 --> 00:06:49,567
Or are we pretty much
on track?
197
00:06:49,567 --> 00:06:51,967
We're pretty good.
We're trying to finalize tile
198
00:06:51,967 --> 00:06:53,367
-for the bathrooms.
-[Jonathan] Okay.
199
00:06:53,367 --> 00:06:55,000
-Mmm-hmm.
-[Kelly] We have to order
this today.
200
00:06:55,000 --> 00:06:57,767
-So let me show
you this one first.
-Okay.
201
00:06:57,767 --> 00:07:01,667
All right. So this here
would go primary powder.
202
00:07:01,667 --> 00:07:06,066
-Okay.
-So that we kind of
differentiate the bathrooms.
203
00:07:06,066 --> 00:07:09,000
And then
for all the guest rooms,
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00:07:09,000 --> 00:07:11,500
we'll do like,
a limestone.
205
00:07:11,500 --> 00:07:13,500
-[Jonathan] Okay.
-So, something a little--
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00:07:13,500 --> 00:07:15,266
We thought that kind of
married well together.
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00:07:15,266 --> 00:07:16,567
-[Kelly] Yeah.
-[Jonathan] Yeah. Oh, yeah.
208
00:07:16,567 --> 00:07:19,200
[Kelly]
And because it's neutral,
it'll appeal to more renters.
209
00:07:19,200 --> 00:07:20,967
All of this is going to
look beautiful,
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00:07:20,967 --> 00:07:23,700
-tied in with the warmer tones
of the cabinetry and whatnot.
-[Jasper] Yeah.
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00:07:23,700 --> 00:07:25,500
-You're gonna be fine.
-Ooh, and tell 'em
what your installer said.
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00:07:25,500 --> 00:07:27,266
-Because we're doing
large format...
-[Sheryl] Yes.
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00:07:27,266 --> 00:07:29,200
...he doesn't have to spend
so much time.
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00:07:29,200 --> 00:07:32,867
So, I was able to get
the price lowered
significantly
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00:07:32,867 --> 00:07:35,367
on installation for the tile.
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00:07:35,367 --> 00:07:36,567
A good thing to know as well,
217
00:07:36,567 --> 00:07:38,467
you've got to have diversity
in your trades.
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00:07:38,467 --> 00:07:40,400
So having multiple subs
for everything,
219
00:07:40,400 --> 00:07:42,800
-from tilers to framers
to everything.
-[Jasper] Hmm.
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00:07:42,800 --> 00:07:45,000
-[Jonathan] Because
it keeps them competitive.
-Yes.
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00:07:45,000 --> 00:07:46,867
There's nothing
one of your subs hates
222
00:07:46,867 --> 00:07:49,800
more than finding out
you've got another option.
223
00:07:49,800 --> 00:07:52,300
We love having
long term relationships
with our trades,
224
00:07:52,300 --> 00:07:53,967
and we've built
quality relationships,
225
00:07:53,967 --> 00:07:56,166
but everyone needs
a little competition.
226
00:07:56,166 --> 00:07:57,800
Sheryl,
I'd love to go with you
227
00:07:57,800 --> 00:08:00,800
to see this other project
where you went over budget.
228
00:08:00,800 --> 00:08:03,500
-[Sheryl] Okay.
-[Jonathan] To see
where you possibly overspent.
229
00:08:03,500 --> 00:08:04,667
-Okay. Okay.
-[Jonathan] Okay, let's do it.
230
00:08:04,667 --> 00:08:06,567
-All right.
You keep going here.
-[Sheryl] Let's do it.
231
00:08:06,567 --> 00:08:08,900
-Sheryl, you and I...
-[Kelly] And we can
order tile.
232
00:08:11,266 --> 00:08:13,200
[Jonathan] I want to seethis other project
233
00:08:13,200 --> 00:08:15,166
with Sheryl one on one,
234
00:08:15,166 --> 00:08:17,467
and I want to seewhat she's spending on
235
00:08:17,467 --> 00:08:18,834
and how she justifies it.
236
00:08:25,867 --> 00:08:27,100
So, make a right.
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00:08:27,100 --> 00:08:28,967
[Jonathan] So this house,
it is up for sale.
238
00:08:28,967 --> 00:08:30,700
-It is up for sale.
-[Jonathan] But it has
not sold.
239
00:08:30,700 --> 00:08:34,100
[Sheryl] Not sold.
It's been on the market
for 22 days.
240
00:08:34,100 --> 00:08:35,667
-Here we are.
-[Jonathan] This is it here?
241
00:08:35,667 --> 00:08:37,867
It's right here.
This is it.
242
00:08:37,867 --> 00:08:39,734
[Jonathan] Oh, wow.
All right. Nice job.
243
00:08:42,266 --> 00:08:44,867
You've had thisunder constructionfor how long?
244
00:08:44,867 --> 00:08:46,500
A year.
245
00:08:46,500 --> 00:08:47,767
-[Jonathan] Oh, wow.
-[Sheryl] Let's go in there.
246
00:08:47,767 --> 00:08:49,767
[Jonathan] Now that
is a door for tall people.
247
00:08:49,767 --> 00:08:52,567
-[Sheryl] Perfect for you.
-[Jonathan] The ten-foot door.
248
00:08:52,567 --> 00:08:55,066
You could have
brought that down,
even a nine foot.
249
00:08:55,066 --> 00:08:57,000
No-No buyer
is gonna come in and be like,
250
00:08:57,000 --> 00:08:58,567
"I'm gonna give you
an extra $10,000
251
00:08:58,567 --> 00:09:00,667
-because of the extra foot."
-[Sheryl] Right.
252
00:09:00,667 --> 00:09:03,567
So this is a project
that you and Jasper
worked on together.
253
00:09:03,567 --> 00:09:04,667
[Sheryl] Yes, we did.
254
00:09:04,667 --> 00:09:06,667
Well, you know how to create
a good first impression.
255
00:09:06,667 --> 00:09:07,634
[Sheryl] Okay, that's good.
256
00:09:07,634 --> 00:09:09,367
There are obviously
a lot of extra features,
257
00:09:09,367 --> 00:09:10,967
like the herringbone floors.
258
00:09:10,967 --> 00:09:12,367
The see through fireplace
was a smart move,
259
00:09:12,367 --> 00:09:14,867
and some people will see that
and be like, "Ooh,
this is a feature."
260
00:09:14,867 --> 00:09:16,100
-[Sheryl] Okay.
-But I think you probably
261
00:09:16,100 --> 00:09:19,300
-spent more for the return
you would get on this.
-Mmm-hmm.
262
00:09:19,300 --> 00:09:21,567
-Some buyers would pay more...
-[Sheryl] Mmm-hmm.
263
00:09:21,567 --> 00:09:23,266
[Jonathan] ...to have
nothing obstructing
264
00:09:23,266 --> 00:09:25,567
-the beautiful view
of the yard.
-Right. Okay, yeah.
265
00:09:25,567 --> 00:09:28,667
-You're paying a lot more
to put something in like this.
-Right.
266
00:09:28,667 --> 00:09:29,767
[Jonathan] I probablywould have just put
267
00:09:29,767 --> 00:09:31,266
your fireplacein the seating area
268
00:09:31,266 --> 00:09:33,567
-and then left
this completely open.
-Open.
269
00:09:33,567 --> 00:09:36,100
So the flow and the view
is all the way through.
270
00:09:36,100 --> 00:09:39,300
There are things that willactually get you more moneyin an offer,
271
00:09:39,300 --> 00:09:41,166
and there are thingsthat just look great
272
00:09:41,166 --> 00:09:42,567
and may help you sell faster.
273
00:09:42,567 --> 00:09:44,266
But they're not making youany more money.
274
00:09:44,266 --> 00:09:45,700
Stone is actually beautiful.
275
00:09:45,700 --> 00:09:47,767
And actuallythe black cabinetslook nice as well.
276
00:09:47,767 --> 00:09:50,567
I've also never seen
these light fixtures before.
277
00:09:50,567 --> 00:09:53,400
-Are these custom?
-[Sheryl] They're not custom,
but they were costly.
278
00:09:53,400 --> 00:09:55,967
-[Jonathan]
How much did you spend?
-$3000 for the two.
279
00:09:55,967 --> 00:09:57,800
-[Jonathan] For the set?
That is pricey.
-[Sheryl] Yes.
280
00:09:57,800 --> 00:10:00,266
There could definitely
be an opportunity
281
00:10:00,266 --> 00:10:03,367
to find statement lighting
that doesn't break the budget.
282
00:10:03,367 --> 00:10:05,967
You've made some decisionsthat might be more
283
00:10:05,967 --> 00:10:08,000
- personal preferencethan the masses.
-[Sheryl] Okay.
284
00:10:08,000 --> 00:10:09,266
-Can we see upstairs?
-Yes.
285
00:10:09,266 --> 00:10:10,767
Because I feel like some
of the major overspending
286
00:10:10,767 --> 00:10:12,367
-was probably with the tile.
-[Sheryl chuckles]
287
00:10:12,367 --> 00:10:14,467
-Does that sound familiar?
-[Sheryl] It sounds familiar.
288
00:10:14,467 --> 00:10:16,767
[Drew] Sheryl loves pretty
and expensive things.
289
00:10:16,767 --> 00:10:18,033
She overspends constantly.
290
00:10:18,033 --> 00:10:20,600
So that's somethingwe have to nip in the budright now.
291
00:10:20,600 --> 00:10:21,767
[Jonathan] We haveso many ways
292
00:10:21,767 --> 00:10:25,000
that we can recommendsomebody bringtheir costs down
293
00:10:25,000 --> 00:10:26,200
without sacrificing
294
00:10:26,200 --> 00:10:28,000
the lux lookthat they're going for.
295
00:10:28,000 --> 00:10:29,667
You don't have to spend
a million bucks
296
00:10:29,667 --> 00:10:31,667
make a place look
like a million bucks.
297
00:10:31,667 --> 00:10:33,767
-Oh. [chuckles]
-Here's the... Yeah.
298
00:10:33,767 --> 00:10:36,333
Wow, this is over the top.
299
00:10:39,900 --> 00:10:42,100
-Oh. [chuckles]
-So, here's the... Yeah.
300
00:10:42,100 --> 00:10:44,100
[Jonathan] Okay. Wow.
301
00:10:44,100 --> 00:10:45,200
[Sheryl] I kept adding,
302
00:10:45,200 --> 00:10:46,867
and the next thingyou know...
303
00:10:46,867 --> 00:10:48,500
[Jonathan] This is
over the top.
304
00:10:48,500 --> 00:10:50,567
-[Sheryl] Okay.
-[Jonathan] There is
a wow factor in here,
305
00:10:50,567 --> 00:10:54,367
but I don't think it wasnecessary to do all of this.
306
00:10:54,367 --> 00:10:58,166
What was the overage in here
from what Jasper
wanted to spend
307
00:10:58,166 --> 00:10:59,567
versus what you ended up
spending?
308
00:10:59,567 --> 00:11:04,000
I went over $150,000.
309
00:11:04,000 --> 00:11:05,867
-Oh my God.
-On all of the bathrooms.
310
00:11:05,867 --> 00:11:07,767
I'm gonna include my closet
311
00:11:07,767 --> 00:11:09,667
because I added
glass doors to the closet.
312
00:11:09,667 --> 00:11:11,800
[Jonathan] This closet
has a door to close it off.
313
00:11:11,800 --> 00:11:14,367
-Yes.
-So when you're in the closet,
314
00:11:14,367 --> 00:11:17,667
it's one more step to get in.
315
00:11:17,667 --> 00:11:19,400
-So, it isn't necessary.
-No.
316
00:11:19,400 --> 00:11:20,667
Because you're in the closet
already,
317
00:11:20,667 --> 00:11:22,066
and this closet's
actually really nice.
318
00:11:22,066 --> 00:11:25,667
So, what's the all-in cost
for acquisition, construction,
everything?
319
00:11:25,667 --> 00:11:27,500
$2,595,000.
320
00:11:27,500 --> 00:11:29,667
What's your list price?
321
00:11:29,667 --> 00:11:31,467
-$3.9 million.
-Which would put you at,
322
00:11:31,467 --> 00:11:33,667
-sort of the high end
in this area.
-Yes.
323
00:11:33,667 --> 00:11:36,066
The product itself
is really nice,
324
00:11:36,066 --> 00:11:38,200
but you would end up
getting the same sale price
325
00:11:38,200 --> 00:11:40,166
without some of the add-ons
that you've done.
326
00:11:40,166 --> 00:11:42,600
-I understand that.
-Ten foot front doors.
327
00:11:42,600 --> 00:11:44,667
-Mmm-hmm.
-Extra doors in the cabinets,
328
00:11:44,667 --> 00:11:47,467
-excess tile all throughout.
-[Sheryl chuckles] Okay.
329
00:11:47,467 --> 00:11:50,100
I'm starting to understand
why Jasper is concerned
330
00:11:50,100 --> 00:11:51,266
-about some of these things.
-Okay. Yeah.
331
00:11:51,266 --> 00:11:52,634
And I think
you should be concerned, too,
332
00:11:52,634 --> 00:11:55,367
because if someone
was coming in here
just from a design standpoint,
333
00:11:55,367 --> 00:11:57,000
they would snap this up
in a heartbeat.
334
00:11:57,000 --> 00:11:58,367
The only thing
preventing people
335
00:11:58,367 --> 00:12:00,066
will be the $3.9 million
price tag.
336
00:12:00,066 --> 00:12:02,100
-Okay.
-So you're selling
people on the design,
337
00:12:02,100 --> 00:12:04,066
but you're probably not
selling people on the price.
338
00:12:04,066 --> 00:12:07,800
-Okay.
-Um, yeah,
the numbers are important.
339
00:12:07,800 --> 00:12:09,667
It's not like you are unaware.
340
00:12:09,667 --> 00:12:11,367
-Okay.
-That there's
a spending problem.
341
00:12:11,367 --> 00:12:13,266
-Yeah. No, I'm not.
I'm aware. Yes.
-[Jonathan] Yeah.
342
00:12:13,266 --> 00:12:16,266
I've learned so much
in such a short time.
343
00:12:16,266 --> 00:12:17,400
It is unbelievable.
344
00:12:17,400 --> 00:12:19,400
-We still have a long road
to work on. [laughs]
-Okay.
345
00:12:19,400 --> 00:12:20,567
With the overspending.
346
00:12:20,567 --> 00:12:21,867
This is life changing.
347
00:12:21,867 --> 00:12:24,600
This is gonna turn the page
to my career.
348
00:12:37,100 --> 00:12:40,100
[Jasper] Donnie gave usthe amazing ideato stack trades.
349
00:12:40,100 --> 00:12:42,266
So we had five tradeshere today.
350
00:12:42,266 --> 00:12:44,000
Ramon, are you finished?
351
00:12:44,000 --> 00:12:46,467
Oh my God.
Okay, he's on his way.
352
00:12:46,467 --> 00:12:47,667
He's on his way now.
353
00:12:47,667 --> 00:12:49,033
[Jasper] We set upan office on site
354
00:12:49,033 --> 00:12:52,867
just so you know,our trades can come to usand verify design.
355
00:12:52,867 --> 00:12:55,166
Uh, it'd be about 20 minutes,
20-25 minutes.
356
00:12:55,166 --> 00:12:57,600
[Jasper] It's crazy,loud, but music to our ears,
357
00:12:57,600 --> 00:12:58,800
just all the work being done.
358
00:12:58,800 --> 00:13:01,800
Guys are gonna be able
to get to that soffit
pretty soon.
359
00:13:01,800 --> 00:13:04,000
We're doing thingsdifferently now.
360
00:13:04,000 --> 00:13:04,934
Berto?
361
00:13:04,934 --> 00:13:07,867
Donnie has helpedus utilize our trades.
362
00:13:07,867 --> 00:13:09,800
It really is pushing thingsforward.
363
00:13:09,800 --> 00:13:12,467
And so we're gonna use
herringbone in the shower.
364
00:13:12,467 --> 00:13:15,667
Chevron tile on the floor
and in the niche.
365
00:13:15,667 --> 00:13:17,600
I'm gonna leave this for you
to make sure
366
00:13:17,600 --> 00:13:19,567
we don't make
any mistakes, okay?
There you go.
367
00:13:19,567 --> 00:13:20,767
Let's go to the next bathroom.
368
00:13:20,767 --> 00:13:22,800
I'm excited.
Super, super excited about it.
369
00:13:22,800 --> 00:13:23,934
Powder room.
370
00:13:23,934 --> 00:13:26,166
-Herringbone here
with the marble.
-[Humberto] Okay.
371
00:13:26,166 --> 00:13:27,700
[Jasper] We're learninghow to stack trades
372
00:13:27,700 --> 00:13:29,467
without them interferingwith each other.
373
00:13:29,467 --> 00:13:30,767
I think that's whatwe were afraid of,
374
00:13:30,767 --> 00:13:32,567
that everyone was gonna getin each other's way.
375
00:13:32,567 --> 00:13:34,367
-[Sheryl] Right.
-[Jasper] But no.There's three units.
376
00:13:34,367 --> 00:13:36,000
[Jasper]
We had work done in all three.
377
00:13:36,000 --> 00:13:37,600
-Very, very productive.
-Mm-hmm.
378
00:13:37,600 --> 00:13:39,000
Okay, bye-bye.
379
00:13:44,367 --> 00:13:47,300
Hey, Patrick,
Ramon is actually finished.
380
00:13:47,300 --> 00:13:48,634
Thanks, bye-bye.
381
00:13:49,166 --> 00:13:50,734
He's on his way.
382
00:13:52,166 --> 00:13:54,600
Remember to make sure Beto
gets that garage in the back.
383
00:13:54,600 --> 00:13:56,066
We need to make sure
he does that.
384
00:13:56,066 --> 00:13:57,667
That's the only bathroom
385
00:13:57,667 --> 00:13:58,867
-that's on the first floor...
-[Jasper] Okay.
386
00:13:58,867 --> 00:14:00,667
...in all three units,
so I need to make sure
387
00:14:00,667 --> 00:14:01,734
-he gets that.
-[Jasper] Okay.
388
00:14:01,734 --> 00:14:04,367
[Sheryl] The successof this investment matters
389
00:14:04,367 --> 00:14:06,667
tremendously to mebecause we want to make
390
00:14:06,667 --> 00:14:09,100
a transition intocommercial projects.
391
00:14:09,867 --> 00:14:11,667
-[Jasper] Hey, Donnie!
-[Sheryl] Hey!
392
00:14:11,667 --> 00:14:13,500
-[Donnie] How you doing?
-Good, how are you?
393
00:14:13,500 --> 00:14:15,867
-Hanging in there.
-Okay, you're gonna
be proud of us.
394
00:14:15,867 --> 00:14:17,867
-Yeah? Where are we at?- Well, first,
395
00:14:17,867 --> 00:14:19,800
we have computers here.
396
00:14:19,800 --> 00:14:22,000
We made a makeshift office
in the garage.
397
00:14:22,000 --> 00:14:23,400
-Yeah.
-So we're working from here.
398
00:14:23,400 --> 00:14:26,400
And we stock trades.
Can you believe it?
399
00:14:26,400 --> 00:14:27,867
-Really?
-[Sheryl and Jasper] Yes.
400
00:14:27,867 --> 00:14:29,767
Nice. So how are wecatching up?
401
00:14:29,767 --> 00:14:31,900
I know we had the delaysand went through that but...
402
00:14:31,900 --> 00:14:32,867
-[Sheryl] Yeah.
-...how's it coming?
403
00:14:32,867 --> 00:14:34,367
Well, one good thing is
404
00:14:34,367 --> 00:14:37,767
we found out that we can work
from 7 a.m. to 9 p.m.
405
00:14:37,767 --> 00:14:39,567
-in the area that we're in.
-Mm-hmm.
406
00:14:39,567 --> 00:14:41,467
So we'll do two shifts.
407
00:14:41,467 --> 00:14:43,400
Overlap a bitand go up till 9:00?
408
00:14:43,400 --> 00:14:45,166
Yes, the overlap
and then go up to 9:00,
409
00:14:45,166 --> 00:14:47,567
so we can make up
for the lost time.
410
00:14:47,567 --> 00:14:49,300
That's a big bonus. Yeah.
411
00:14:49,300 --> 00:14:50,367
I have a, uh,
412
00:14:50,367 --> 00:14:52,800
cabinet guy who's supposedto be heading over there
413
00:14:52,800 --> 00:14:54,867
to try to meet with you guys.Are you ready for him?
414
00:14:54,867 --> 00:14:56,233
-Yes, we're ready for him.
-Yes. Mm-hmm.
415
00:14:57,266 --> 00:14:58,767
[Sheryl] We've met withthe cabinet makers
416
00:14:58,767 --> 00:15:01,066
and finalized the designfor the kitchen.
417
00:15:01,066 --> 00:15:02,100
It is custom.
418
00:15:02,100 --> 00:15:04,100
We are ready for you, Eric.
419
00:15:04,100 --> 00:15:07,400
However, he's given usa discounted rate
420
00:15:07,400 --> 00:15:09,100
because we're doing
three kitchens at once.
421
00:15:09,100 --> 00:15:11,200
Here's the design
we're working with.
422
00:15:12,000 --> 00:15:14,567
-These are the elevations.
-[Jasper] Okay.
423
00:15:14,567 --> 00:15:15,800
[Eric] And this
is the design that...
424
00:15:15,800 --> 00:15:17,100
-[Sheryl] Ooh.
-[Jasper] Oh, perfect.
425
00:15:17,100 --> 00:15:18,100
-[Sheryl] Okay.
-[Jasper] Okay.
426
00:15:18,100 --> 00:15:21,100
The refrigerator is now
going to be on the end.
427
00:15:21,100 --> 00:15:22,900
Um, and then we can just
switch those cabinets.
428
00:15:22,900 --> 00:15:24,867
-Yeah.
-Other than that,
it's perfect.
429
00:15:24,867 --> 00:15:27,200
I also brought you guys
this page
430
00:15:27,200 --> 00:15:28,467
-that we have...
-[Jasper] What is this?
431
00:15:28,467 --> 00:15:31,000
-[Sheryl] Oh, what is this?
-So basically,
what we can do is
432
00:15:31,000 --> 00:15:32,300
is pick the materials,
433
00:15:32,300 --> 00:15:33,667
-basically two tone...
-[Sheryl gasps]
434
00:15:33,667 --> 00:15:35,100
-Oh.
-[Eric] ...or one tone.
435
00:15:35,100 --> 00:15:36,200
-[Jasper] Oh, wow.
-[Sheryl] Oh, wow.
436
00:15:36,200 --> 00:15:38,000
-Look at that.
-[Eric] Yeah. So, this
is the actual,
437
00:15:38,000 --> 00:15:39,567
real material we're gonna use.
438
00:15:39,567 --> 00:15:40,500
Can we switch?
439
00:15:40,500 --> 00:15:41,800
-Can I see? Yeah.
-[Eric] Yeah, of course.
440
00:15:41,800 --> 00:15:43,567
-I want to see...
-[Eric] That's the benefit
about this.
441
00:15:43,567 --> 00:15:44,567
-[Sheryl] Oh, I like that.
-[Jasper] Okay.
442
00:15:44,567 --> 00:15:46,467
-Oh, yeah.
-[Sheryl] I love
the bottom white.
443
00:15:46,467 --> 00:15:48,266
-I do, too.
-And then we do
the wood on top.
444
00:15:48,266 --> 00:15:49,834
-[Eric] Yeah.
-[Jasper] Yeah.
445
00:15:55,767 --> 00:15:59,000
[Jasper] We had someleftover 3D Sidingfrom the exterior,
446
00:15:59,000 --> 00:16:01,867
and I had this ideato use that leftover,
447
00:16:01,867 --> 00:16:03,567
which would have justsat in storage,
448
00:16:03,567 --> 00:16:06,266
and we're actually gonnaput that in the living room
449
00:16:06,266 --> 00:16:07,967
and make a full-design wall,
450
00:16:07,967 --> 00:16:10,000
and it's atno extra cost to us.
451
00:16:10,000 --> 00:16:12,166
Can you do it vertical?
452
00:16:12,166 --> 00:16:15,100
No, I like it like that.
We can just run it
from floor to ceiling.
453
00:16:15,100 --> 00:16:16,166
-Floor to ceiling?
-Yeah, and then
454
00:16:16,166 --> 00:16:18,166
-just this area right here.
-Okay.
455
00:16:18,166 --> 00:16:19,300
[Jasper] We just
gotta get tape and mud
456
00:16:19,300 --> 00:16:20,500
on there, and that
should take a week,
457
00:16:20,500 --> 00:16:22,066
and then we can
get you in here.
458
00:16:22,066 --> 00:16:23,867
-Just Let me know.
-[Jasper] Okay, perfect.
459
00:16:23,867 --> 00:16:26,867
[Sheryl] Kelly convinced meto use a large format tile,
460
00:16:26,867 --> 00:16:28,166
which saves money
461
00:16:28,166 --> 00:16:30,066
on the materials
and installation.
462
00:16:30,066 --> 00:16:33,166
I thought that 12 by 24
would look pretty cool.
463
00:16:33,166 --> 00:16:35,867
And the heron bone pattern...
464
00:16:35,867 --> 00:16:37,700
-On the wall.
-...a little dramatic, right?
465
00:16:38,000 --> 00:16:39,000
Very dramatic.
466
00:16:39,000 --> 00:16:41,767
[Sheryl] I negotiatedwith my tile installer
467
00:16:41,767 --> 00:16:44,967
to do any pattern that I wantwith the large format
468
00:16:44,967 --> 00:16:46,667
for a price that wasless expensive.
469
00:16:46,667 --> 00:16:47,967
[Kelly]
Let's talk about vanities.
470
00:16:47,967 --> 00:16:49,166
-[Sheryl] Okay.
-[Kelly] I have
one downstairs.
471
00:16:49,166 --> 00:16:50,467
-I want you to see it.
-[Sheryl] Okay.
472
00:16:50,467 --> 00:16:52,734
I know you wanted
to do custom, but I want
to change your mind.
473
00:16:56,367 --> 00:16:58,800
-I know you love
your custom, but...
-[Sheryl] I do.
474
00:16:59,367 --> 00:17:00,667
Okay, what do we have?
475
00:17:00,667 --> 00:17:01,700
[Kelly] What do you think?
476
00:17:04,000 --> 00:17:05,100
I know you love your custom...
477
00:17:05,100 --> 00:17:06,000
-[Sheryl] I do.
-...but...
478
00:17:06,000 --> 00:17:07,066
Okay, what do we have?
479
00:17:07,066 --> 00:17:07,934
[Kelly] What do you think?
480
00:17:07,934 --> 00:17:10,166
-It already has
the countertop.
-Okay.
481
00:17:10,166 --> 00:17:12,300
-It already has the sink.
-Has a sink.
482
00:17:12,300 --> 00:17:13,266
-Wow.
-[Kelly] I know
483
00:17:13,266 --> 00:17:14,567
-you love custom.
-I do.
484
00:17:14,567 --> 00:17:16,166
We don't have
a custom budget here. [laughs]
485
00:17:16,166 --> 00:17:17,700
-Okay, I know that too.
-[Kelly] Yes.
486
00:17:17,700 --> 00:17:19,100
And we need 13 vanities.
487
00:17:19,100 --> 00:17:21,467
So your savings is,
488
00:17:21,467 --> 00:17:22,900
you're probably looking
at $25,000.
489
00:17:23,400 --> 00:17:24,867
And the great part is that,
490
00:17:24,867 --> 00:17:26,767
honestly, you're not
sacrificing style at all
491
00:17:26,767 --> 00:17:28,100
because it's got fluting...
492
00:17:28,100 --> 00:17:30,266
-Yes.
-...it's got some
architectural detail.
493
00:17:30,266 --> 00:17:32,367
And when you just
shop big box,
494
00:17:32,367 --> 00:17:33,600
if you really research,
495
00:17:33,600 --> 00:17:35,400
-you're getting something
that's actually quality.
-Right.
496
00:17:35,400 --> 00:17:37,367
-And also it looks fabulous.
-That's amazing.
497
00:17:37,367 --> 00:17:39,467
The actual vanitythat she picked out
498
00:17:39,467 --> 00:17:41,300
saved a lot of money, so,
499
00:17:41,300 --> 00:17:44,133
a new way of doing things,
and not everything
has to be custom.
500
00:17:54,100 --> 00:17:56,967
[Drew] We need to talk about
Sheryl and Jasper's project.
501
00:17:56,967 --> 00:17:58,266
With all the fire code delay
502
00:17:58,266 --> 00:18:00,867
and just the size that
this project has become,
503
00:18:00,867 --> 00:18:03,567
I feel like we're barrelingtowards our original
504
00:18:03,567 --> 00:18:05,467
scheduled finish time
505
00:18:05,467 --> 00:18:07,367
and we're
nowhere near complete.
506
00:18:07,367 --> 00:18:08,433
I think we need
to figure out a plan.
507
00:18:08,433 --> 00:18:11,100
Well, we're not gonna finish
on the same schedule.
508
00:18:11,100 --> 00:18:13,467
My bigger concern
is that we're gonna lose
Donnie and Kelly.
509
00:18:13,467 --> 00:18:15,200
They have to move onto other projects.
510
00:18:15,200 --> 00:18:17,166
-[Drew] Yeah.
-[Jonathan] And we can't be
in a situation where
511
00:18:17,166 --> 00:18:18,567
the other projects suffer
512
00:18:18,567 --> 00:18:20,100
because this one
is taking longer.
513
00:18:20,100 --> 00:18:21,266
Yeah, but we also
don't want to leave
514
00:18:21,266 --> 00:18:22,533
Sheryl and Jasper
high and dry.
515
00:18:22,533 --> 00:18:24,500
[Jonathan] Do we have
any other designers
that we could send
516
00:18:24,500 --> 00:18:26,600
to the other project
to get started right now
517
00:18:26,600 --> 00:18:29,000
so we can continue
with Kelly on this one?
518
00:18:29,000 --> 00:18:31,100
Uh, Gianna might be available.
519
00:18:31,100 --> 00:18:32,266
We could probablymove her over,
520
00:18:32,266 --> 00:18:34,400
at least temporarilyfor a few weeks.
521
00:18:34,400 --> 00:18:35,100
That would actually
be pretty good...
522
00:18:35,100 --> 00:18:36,333
-Yeah.
-...because that would
523
00:18:36,333 --> 00:18:38,800
just sort of keep things
moving in the right direction.
524
00:18:39,400 --> 00:18:41,166
What I'm
not too thrilled about
525
00:18:41,166 --> 00:18:42,900
is the fact that we don't have
a replacement for Donnie.
526
00:18:42,900 --> 00:18:44,367
We have no otherproject managers
527
00:18:44,367 --> 00:18:45,166
-available right now.
-[Drew] Yeah,
528
00:18:45,166 --> 00:18:47,000
but the only thingthere, though,
529
00:18:47,000 --> 00:18:48,400
Donnie's been singing
their praise. He said that
530
00:18:48,400 --> 00:18:51,467
Sheryl and Jasper,
because they have experience,
they're not rookies,
531
00:18:51,467 --> 00:18:53,000
they've been doing a great jobmanaging the project.
532
00:18:53,000 --> 00:18:56,567
He actually feels thatthey could handle this. So,
533
00:18:56,567 --> 00:18:59,200
at this point,maybe we don't needa project manager with them.
534
00:18:59,200 --> 00:19:01,200
Pull Donnie.
We'll keep Kelly here.
535
00:19:01,200 --> 00:19:02,900
We'll move Gianna
onto the new project.
536
00:19:02,900 --> 00:19:04,667
And that will give us
that little extra buffer.
537
00:19:04,667 --> 00:19:07,667
I think it's
the best case scenario
538
00:19:07,667 --> 00:19:08,567
for where we are right now.
539
00:19:08,567 --> 00:19:09,834
Just covering all bases.
540
00:19:09,834 --> 00:19:11,600
-[Jonathan] Let's make this
Donnie's last week.
-All right.
541
00:19:17,266 --> 00:19:18,767
[Drew] It doesn't matterif you're brand new
542
00:19:18,767 --> 00:19:20,600
to real estate or if you'vebeen doing it for 20 years,
543
00:19:20,600 --> 00:19:22,166
you can alwayslearn something new.
544
00:19:22,166 --> 00:19:24,100
We're always learning.
We're going back to school,
545
00:19:24,100 --> 00:19:25,967
learning fromother professionals.
546
00:19:25,967 --> 00:19:27,500
And even if somebody has
a lot of experience
547
00:19:27,500 --> 00:19:29,166
with the same
renovation they're doing,
548
00:19:29,166 --> 00:19:31,000
it's very valuable
to have others
549
00:19:31,000 --> 00:19:33,066
that do it, to come in with
a different perspective.
550
00:19:33,066 --> 00:19:34,500
[Jonathan] Since we'relosing Donnie early,
551
00:19:34,500 --> 00:19:36,467
we thought that he shouldtour their other triplex
552
00:19:36,467 --> 00:19:38,467
as a part of ourmentorship backing.
553
00:19:38,467 --> 00:19:39,767
His feedback on that project
554
00:19:39,767 --> 00:19:41,133
could be very valuableto them.
555
00:19:41,800 --> 00:19:42,867
The architecture, obviously,
556
00:19:42,867 --> 00:19:44,500
-the same
-[Jasper and Sheryl] Yeah.
557
00:19:44,500 --> 00:19:46,367
[Donnie] Sheryl and Jasperhave a sister project
558
00:19:46,367 --> 00:19:48,100
just a few blocksaway from here.
559
00:19:48,100 --> 00:19:49,800
It's the same triplex,
560
00:19:49,800 --> 00:19:52,500
but zoned residential,
not commercial.
561
00:19:52,500 --> 00:19:54,367
It's clear thatthey were struggling to do
562
00:19:54,367 --> 00:19:56,767
a multi-unit projectbefore we got involved.
563
00:19:56,767 --> 00:19:58,467
But they've provento be quick studies,
564
00:19:58,467 --> 00:20:01,000
so before I move onto another project this week,
565
00:20:01,000 --> 00:20:02,600
I just wantedto check things out here.
566
00:20:02,600 --> 00:20:04,467
From the outside,
it looks like the same
567
00:20:04,467 --> 00:20:06,300
architectural plan,
same layout.
568
00:20:06,300 --> 00:20:07,967
-[Jasper] Yeah.
It's the same plans.
-[Sheryl] It's the same plans.
569
00:20:07,967 --> 00:20:08,800
[Donnie]
I mean, that's amazing.
570
00:20:08,800 --> 00:20:10,667
From a project
management standpoint,
571
00:20:10,667 --> 00:20:12,200
it allows you
to lay the whole thing out
572
00:20:12,200 --> 00:20:13,867
from the scheduling,
from materials.
573
00:20:13,867 --> 00:20:15,200
-Every portion of it...
-Right.
574
00:20:15,200 --> 00:20:16,867
...can be exponentially easier
575
00:20:16,867 --> 00:20:18,000
because one,
you've already done it,
576
00:20:18,000 --> 00:20:19,467
but you're also basing it off
577
00:20:19,467 --> 00:20:21,467
-the same set of plans,
which is amazing.
-[Jasper] Yeah.
578
00:20:21,467 --> 00:20:23,367
I'm nervous to show Donnie
579
00:20:23,367 --> 00:20:26,367
the project here,
and embarrassed.
580
00:20:26,367 --> 00:20:27,967
[Jasper]
We go to the first triplex
581
00:20:27,967 --> 00:20:29,800
and there's so much progressgoing on there,
582
00:20:29,800 --> 00:20:32,400
and then we come hereand it's just so far behind.
583
00:20:32,400 --> 00:20:33,800
It's the same project,
584
00:20:33,800 --> 00:20:36,000
but one's gotten
a little more love.
585
00:20:36,000 --> 00:20:38,367
-A lot more love.
-[laughs] A lot more love.
586
00:20:38,367 --> 00:20:40,266
How long ago
did you break ground on this?
587
00:20:40,266 --> 00:20:42,166
-It's been
two and a half years.
-Wow.
588
00:20:42,166 --> 00:20:44,166
That can definitely
damage the pocketbook.
589
00:20:44,166 --> 00:20:45,667
-Ouch. [laughs]
-[Donnie] Yeah.
590
00:20:45,667 --> 00:20:47,867
[Sheryl] We did hire a GC
591
00:20:47,867 --> 00:20:50,066
to take care
of both properties,
592
00:20:50,066 --> 00:20:51,600
and that GC wasn't doing
593
00:20:51,600 --> 00:20:53,100
what he was
supposed to be doing.
594
00:20:53,100 --> 00:20:56,100
And the time just kept lapsing
with little progress,
595
00:20:56,100 --> 00:20:57,066
so they had to fire him.
596
00:20:57,066 --> 00:20:58,667
So Jasper and I took over,
597
00:20:58,667 --> 00:21:00,767
and we ultimately just focused
598
00:21:00,767 --> 00:21:02,567
more on the other project
599
00:21:02,567 --> 00:21:04,266
and neglecting this one.
600
00:21:04,266 --> 00:21:06,100
We have a mortgageevery month,
601
00:21:06,100 --> 00:21:07,867
insurance, taxes.
602
00:21:07,867 --> 00:21:10,367
For something that's justdormant right now.
603
00:21:10,367 --> 00:21:12,100
It's not the bestinvestment action
604
00:21:12,100 --> 00:21:13,767
to have a projectthat's dormant.
605
00:21:13,767 --> 00:21:16,000
That's like the worst
that could happen.
606
00:21:16,000 --> 00:21:17,066
[Donnie] A lot of catching up
607
00:21:17,066 --> 00:21:18,266
-to do here.
-[Sheryl] A lot of
catching up to do.
608
00:21:18,266 --> 00:21:19,600
The goal was to do
609
00:21:19,600 --> 00:21:21,500
-both projects
simultaneously...
-[Jasper] Mm-hmm.
610
00:21:21,500 --> 00:21:23,500
[Sheryl]
...and to keep the cost down
611
00:21:23,500 --> 00:21:25,000
by doing themat the same time.
612
00:21:25,000 --> 00:21:27,400
Maybe I waited too late
to jump in, um,
613
00:21:27,400 --> 00:21:29,467
to figure out
what was going on.
614
00:21:29,467 --> 00:21:31,400
[Jasper] So you see
the wires are cut.
615
00:21:31,400 --> 00:21:32,567
[Donnie] Yeah.
616
00:21:32,567 --> 00:21:34,800
[Sheryl]
So we've been broken into
617
00:21:35,200 --> 00:21:36,767
multiple times, so...
618
00:21:36,767 --> 00:21:38,867
[Donnie] The bummer is
not just losing the material,
619
00:21:38,867 --> 00:21:40,500
but also having to go back
and redo...
620
00:21:40,500 --> 00:21:41,367
-Redo it.
-Yeah.
621
00:21:41,367 --> 00:21:42,667
They have to pull it out
and redo it all.
622
00:21:42,667 --> 00:21:43,867
And we passed inspection.
623
00:21:43,867 --> 00:21:44,867
[Jasper] It's been what,
like, three times now?
624
00:21:44,867 --> 00:21:46,834
-Wow.
-[Sheryl] Yeah,
it's been three times.
625
00:21:48,767 --> 00:21:49,834
[Donnie] Wow.
626
00:21:49,834 --> 00:21:52,367
One really cool thing
I think you've got going on
627
00:21:52,367 --> 00:21:54,166
is that you've got
the same set of blueprints,
628
00:21:54,166 --> 00:21:55,467
-so the layout's the same.
-[Jasper] Mm-hmm.
629
00:21:55,467 --> 00:21:57,100
So it allows you
to kind of learn from it.
630
00:21:57,100 --> 00:21:59,700
-We've made so many
design decisions over there...
-[Jasper] Mm-hmm.
631
00:21:59,700 --> 00:22:01,667
...that now you can
come in and there's
not a lot of questions.
632
00:22:01,667 --> 00:22:02,667
-Right.
-Because we know we're gonna
633
00:22:02,667 --> 00:22:04,266
do the build out with the TV.
634
00:22:04,266 --> 00:22:06,066
We do have to do
some rewiring, obviously.
635
00:22:06,066 --> 00:22:08,000
-This is such a bummer to see.
-[Sheryl] Yep, lots
of rewiring.
636
00:22:08,000 --> 00:22:09,166
-[Jasper] I know.
-But
637
00:22:09,166 --> 00:22:10,767
at least you know
where we moved
638
00:22:10,767 --> 00:22:12,367
some of these plugs
at the other unit.
639
00:22:12,367 --> 00:22:13,667
-[Sheryl] Right.
-So we know, where we can say,
640
00:22:13,667 --> 00:22:15,266
well, that was gonna have
to be moved anyway.
641
00:22:15,266 --> 00:22:16,400
-Awesome.
-So, I mean,
that's a good thing
642
00:22:16,400 --> 00:22:17,567
that you have that.
But I think
643
00:22:17,567 --> 00:22:18,767
when you've got
this many units,
644
00:22:18,767 --> 00:22:20,767
even though the cost
of a project manager,
645
00:22:20,767 --> 00:22:23,467
even part-time, just someone
that's keeping the schedule,
646
00:22:23,467 --> 00:22:24,500
someone that's overseeing it,
647
00:22:24,500 --> 00:22:26,166
the benefits can
outweigh the cost.
648
00:22:26,166 --> 00:22:29,000
Even though there's a lotto redo on this project,
649
00:22:29,000 --> 00:22:30,266
the knowledge they gain from
650
00:22:30,266 --> 00:22:32,300
doing the other triplexwith the brothers
651
00:22:32,300 --> 00:22:34,000
will really give thema leg up.
652
00:22:34,000 --> 00:22:35,767
Someone that's
just thinking about
653
00:22:35,767 --> 00:22:37,166
the project management
of this...
654
00:22:37,166 --> 00:22:39,000
-Yes.
-...really will help you
in the future.
655
00:22:39,000 --> 00:22:41,500
Schedule everything out
and package it all
656
00:22:41,500 --> 00:22:42,900
as one larger project.
657
00:22:42,900 --> 00:22:44,700
-[Jasper] Mm.
-And even though
it's a bigger project,
658
00:22:44,700 --> 00:22:46,266
it may seem more manageable.
659
00:22:46,266 --> 00:22:47,200
If you're not organized,
660
00:22:47,200 --> 00:22:49,000
if you don't have
a good project manager,
661
00:22:49,000 --> 00:22:50,767
a project that
should take you four months
662
00:22:50,767 --> 00:22:52,700
could take you
a year and four months.
663
00:22:52,700 --> 00:22:55,500
Or with Sheryl and Jasper,two years and four months.
664
00:22:55,500 --> 00:22:58,066
[Jonathan] They're beingpulled to site constantly
665
00:22:58,066 --> 00:23:00,800
to deal with things that they
shouldn't have to deal with.
666
00:23:00,800 --> 00:23:02,767
That means they can
no longer focus on
667
00:23:02,767 --> 00:23:04,767
business development.
On the next investment.
668
00:23:04,767 --> 00:23:07,100
There are better uses
for their time
669
00:23:07,100 --> 00:23:08,367
than being in the weeds
670
00:23:08,367 --> 00:23:10,700
doing what a project managershould be doing.
671
00:23:32,100 --> 00:23:33,567
[Jasper] We have a problem.
672
00:23:33,567 --> 00:23:35,567
Where are the closets
673
00:23:35,567 --> 00:23:37,600
-[Sheryl] Uh-oh.
-...in all of the units?
674
00:23:37,600 --> 00:23:38,700
Oh, my goodness.
675
00:23:38,700 --> 00:23:40,667
They didn't frame the closets.
676
00:23:40,667 --> 00:23:41,867
[Jasper]
Isn't it on the plans?
677
00:23:41,867 --> 00:23:43,767
It's on the plans.
It's on the plans.
678
00:23:43,767 --> 00:23:44,900
Someone missed it.
679
00:23:44,900 --> 00:23:46,600
[exhales] Oh, my gosh.
680
00:23:46,600 --> 00:23:48,367
-[Drew] Hello.
-[Sheryl] Hello.
681
00:23:48,367 --> 00:23:50,800
-What's happening?
-We have a problem.
682
00:23:54,600 --> 00:23:56,200
-[Drew] Hello.
-[Sheryl] Hello.
683
00:23:56,200 --> 00:23:58,467
-What's happening?
-We have a problem.
684
00:23:58,467 --> 00:24:01,867
They did not frame the closets
in the bedroom.
685
00:24:01,867 --> 00:24:03,300
How many of the bedroomsdid he miss?
686
00:24:03,300 --> 00:24:04,800
[Sheryl]
Three in the first unit,
687
00:24:04,800 --> 00:24:06,066
and then there's
688
00:24:06,066 --> 00:24:08,000
two in the second,
two in the third.
689
00:24:08,000 --> 00:24:08,967
He missed seven closets?
690
00:24:08,967 --> 00:24:10,567
-[Sheryl] Seven closets, yes.
-[Jasper] Yes.
691
00:24:10,567 --> 00:24:11,900
Seven out of nine.
692
00:24:11,900 --> 00:24:13,166
[Drew] Oh, my gosh.
693
00:24:13,166 --> 00:24:14,200
Was it on the plans?
694
00:24:14,200 --> 00:24:15,600
-[Sheryl] It's on the plans.
-[Jasper] Yeah.
695
00:24:15,600 --> 00:24:17,200
[Sheryl]
And the framer's mistake.
696
00:24:17,200 --> 00:24:18,767
Okay, so are theywilling to knock off
697
00:24:18,767 --> 00:24:20,467
some money forwhat it's gonna cost you?
698
00:24:20,467 --> 00:24:22,367
We've already
paid them in full.
699
00:24:22,367 --> 00:24:23,567
Oh, my gosh.
700
00:24:23,567 --> 00:24:24,500
Why would you pay them in full
701
00:24:24,500 --> 00:24:26,567
when they've madea mistake that drastic?
702
00:24:26,567 --> 00:24:28,667
So our framer is
somebody we've been
703
00:24:28,667 --> 00:24:30,100
doing business with for years.
704
00:24:30,100 --> 00:24:33,000
Did not getour closets framed in,
705
00:24:33,000 --> 00:24:35,100
and I kind of got comfortable.
706
00:24:35,100 --> 00:24:36,767
And no, I did not check it.
707
00:24:36,767 --> 00:24:40,100
Another dumb mistake
that's gonna cost money.
708
00:24:40,100 --> 00:24:42,867
I'm like 20 minutes awayfrom where you are.
709
00:24:42,867 --> 00:24:44,667
Let me finish up ona project here and then I'll
710
00:24:44,667 --> 00:24:45,900
pop by just to havea look at it
711
00:24:45,900 --> 00:24:47,266
and we can come upwith a solution.
712
00:24:47,266 --> 00:24:49,400
-Thank you so much.
-Awesome. Okay, we'll be here.
713
00:24:51,567 --> 00:24:53,100
[Drew]
When you have seven closets
714
00:24:53,100 --> 00:24:54,967
missing their sprinklersand their framing,
715
00:24:54,967 --> 00:24:56,967
that's not a little problem.That's a huge mistake.
716
00:24:56,967 --> 00:24:59,333
This is gonnaprobably cost thema lot of money and time.
717
00:24:59,867 --> 00:25:00,934
Sheryl and Jasper,
718
00:25:00,934 --> 00:25:02,700
shame on youfor not catching this earlier.
719
00:25:03,200 --> 00:25:05,000
All right, let's see.
720
00:25:05,000 --> 00:25:07,266
Should we start with
the main bedroom suite?
721
00:25:07,266 --> 00:25:08,266
[Jasper] Mm.
722
00:25:08,266 --> 00:25:10,300
[Drew] Oh, okay. So which are
the two bedrooms
723
00:25:10,300 --> 00:25:12,400
that still have it framed in
and the sprinkler?
724
00:25:12,400 --> 00:25:15,600
Uh, the two primary bedrooms
in the other units.
725
00:25:15,600 --> 00:25:18,467
Okay, so he can come back
and frame those two.
726
00:25:18,467 --> 00:25:19,700
-Okay. Okay.
-[Drew] That's no problem.
727
00:25:19,700 --> 00:25:21,400
-Because you already have
the sprinkler in there.
-Right.
728
00:25:21,400 --> 00:25:23,667
You actually
should be reimbursed
729
00:25:23,667 --> 00:25:25,767
from your plumber who did
all the sprinkler heads, too,
730
00:25:25,767 --> 00:25:27,667
because they were supposed
to run a couple of additional
731
00:25:27,667 --> 00:25:28,600
-and you paid for it.
-[Sheryl] Yes.
732
00:25:28,600 --> 00:25:31,100
[Drew] So, I would tell
your sprinkler guy,
733
00:25:31,100 --> 00:25:32,967
"Are you able to
come back here
and run the other heads
734
00:25:32,967 --> 00:25:35,400
-that I already paid for
that you're supposed to do?"
-Okay.
735
00:25:35,400 --> 00:25:36,567
And then tell your framer,
"Can you come back
736
00:25:36,567 --> 00:25:38,100
-and frame the way
you're supposed to?"
-[Sheryl] Okay.
737
00:25:38,100 --> 00:25:40,867
So, if we do that, we've
already passed inspection.
738
00:25:40,867 --> 00:25:42,767
We have to call the inspectors
back out, right?
739
00:25:42,767 --> 00:25:45,767
-Yes. You would have
to have them come back again.
-Nightmare.
740
00:25:45,767 --> 00:25:47,033
[Drew] The other thing
we could do then is,
741
00:25:47,033 --> 00:25:49,467
we could just do
some custom closets
that are like a built-in,
742
00:25:49,467 --> 00:25:50,567
but they're not actually
743
00:25:50,567 --> 00:25:51,867
-a framed out room
-[Sheryl] Oh, yeah.
744
00:25:51,867 --> 00:25:52,767
So, if we did
something like that,
745
00:25:52,767 --> 00:25:54,000
then you wouldn't need
a sprinkler in it
746
00:25:54,000 --> 00:25:55,233
because it's just
a part of the room.
747
00:25:55,233 --> 00:25:57,166
-And we don't have
to call inspection for that?
-[Drew] No.
748
00:25:57,166 --> 00:25:59,000
-[Sheryl] Awesome.
-It's basically considered,
749
00:25:59,000 --> 00:26:00,800
-like, a fancy
furniture piece.
-[Sheryl] Furniture.
750
00:26:00,800 --> 00:26:02,400
-[Drew] Yeah.
-Oh, I love that. Okay.
751
00:26:02,400 --> 00:26:04,400
-[Drew] No, it's good,
but it's expensive, right?
-It's expensive.
752
00:26:04,400 --> 00:26:06,266
Can I look at the other rooms
for a second?
753
00:26:06,266 --> 00:26:07,533
-[Jasper] Yeah.
-[Sheryl] Let's go here.
754
00:26:08,266 --> 00:26:09,867
[Drew]
So, this is the one that
755
00:26:09,867 --> 00:26:11,400
was supposed
to be a closet here.
756
00:26:11,400 --> 00:26:13,266
-[Sheryl] Yes.
-[Jasper] Yes.
So we put the TVs there.
757
00:26:13,266 --> 00:26:14,867
Yeah, this is tough
because you can't
758
00:26:14,867 --> 00:26:16,166
put a closet here
because of the window.
759
00:26:16,166 --> 00:26:17,600
-[Sheryl] Right.
-[Jasper] Yeah.
760
00:26:17,600 --> 00:26:20,100
You can't put a closet here
because that's your
only bed wall, really.
761
00:26:20,100 --> 00:26:22,166
You can't put a closet here
because of this,
762
00:26:22,166 --> 00:26:24,066
so this is really
your only wall.
763
00:26:24,066 --> 00:26:24,967
[Jasper] Mm-hmm.
764
00:26:24,967 --> 00:26:27,767
You could do two tall closets
765
00:26:27,767 --> 00:26:28,934
on either side...
766
00:26:28,934 --> 00:26:31,967
-Okay.
-...with some custom work,
a little work, right?
767
00:26:31,967 --> 00:26:33,367
And then,
how I've done it before,
768
00:26:33,367 --> 00:26:35,266
to frame out a TV,
you could actually do
769
00:26:35,266 --> 00:26:36,400
a counter across the middle.
770
00:26:36,400 --> 00:26:37,367
[Sheryl] Oh, nice.
771
00:26:37,367 --> 00:26:39,000
[Drew] No buyer wants to buy
772
00:26:39,000 --> 00:26:40,567
and no renter wants to rent
773
00:26:40,567 --> 00:26:42,100
"a bedroom"
that doesn't have a closet.
774
00:26:42,500 --> 00:26:43,600
Go back to your framer
775
00:26:43,600 --> 00:26:45,367
and say, "Hey, with all
the business I give you..."
776
00:26:45,367 --> 00:26:46,867
-[Jasper] Mm-hmm.
-"...this was your mistake
777
00:26:46,867 --> 00:26:47,767
'cause it was on the plans.
778
00:26:47,767 --> 00:26:49,800
Are you willing
to give me that money back
779
00:26:49,800 --> 00:26:51,700
-because you were supposed
to do that work?"
-Okay.
780
00:26:51,700 --> 00:26:53,266
-We'll go have
a look downstairs?
-Yeah.
781
00:26:53,266 --> 00:26:55,166
[Drew]
She's not marketing thisjust as a standard rental,
782
00:26:55,166 --> 00:26:57,367
she's marketing itas a luxury rental.
783
00:26:57,367 --> 00:26:59,200
And you need to havetop-of-the-line features
784
00:26:59,200 --> 00:27:00,767
for that kind of a project.
785
00:27:00,767 --> 00:27:02,800
But you also don't wantto overspend,
786
00:27:02,800 --> 00:27:05,333
and now we'vemade a mistake that's gonnamake them overspend.
787
00:27:05,667 --> 00:27:06,767
All right.
788
00:27:06,767 --> 00:27:10,066
Okay. It's looking great,
the cabinets, the floors.
789
00:27:10,066 --> 00:27:11,166
I love the tone
that you went for.
790
00:27:11,166 --> 00:27:12,400
It's warm, it's inviting...
791
00:27:12,400 --> 00:27:14,567
-[Jasper] Yeah.
-...but it still lightens up
the space, so...
792
00:27:14,567 --> 00:27:16,500
I'd love to stage
one of the units...
793
00:27:16,500 --> 00:27:18,800
-Ooh.
-...because it'll just
make it look that much better
794
00:27:18,800 --> 00:27:20,767
for the photography,
and showcase
795
00:27:20,767 --> 00:27:21,967
to any tenants out there
796
00:27:21,967 --> 00:27:23,266
-what it could look like.
-Awesome.
797
00:27:23,266 --> 00:27:25,300
It'll help you rent these out
and get a quality tenant
in here,
798
00:27:25,300 --> 00:27:26,667
but you have
to be done in time.
799
00:27:26,667 --> 00:27:27,800
-Thank you so much.
-Okay, see y'all.
800
00:27:27,800 --> 00:27:29,133
-Bye-bye.
-Bye.
801
00:27:42,300 --> 00:27:44,066
[Sheryl] Oh, wow. Okay.
So they got the kitchen in.
802
00:27:44,066 --> 00:27:47,000
That's great. Now we've got
to get on them about
803
00:27:47,000 --> 00:27:48,600
bringing the doors
804
00:27:48,600 --> 00:27:50,667
-and finishing
for the cabinets. Yeah.
-[Jasper] Okay.
805
00:27:50,667 --> 00:27:52,700
[Sheryl] And he's got
the double plywood
for the stone,
806
00:27:52,700 --> 00:27:55,467
so that's done. They can
start cutting the stone now.
807
00:27:55,467 --> 00:27:56,567
[Jasper]
We're walking the units
808
00:27:56,567 --> 00:27:59,266
to see what we haveto do to finish.
809
00:27:59,266 --> 00:28:00,667
-The plumber needs to come in.
-[Jasper] Okay.
810
00:28:00,667 --> 00:28:03,467
[Sheryl] I bought diverters,
and they're not in.
811
00:28:03,467 --> 00:28:05,800
And also
the vents on the fans.
812
00:28:05,800 --> 00:28:07,867
So the electrician needs
to get on it.
813
00:28:07,867 --> 00:28:10,700
They're here,
and then they leave early.
So we got to get on them.
814
00:28:10,700 --> 00:28:13,000
This is the time
where you have to stay on it.
815
00:28:13,000 --> 00:28:14,600
The finished pieces
on the electrical...
816
00:28:14,600 --> 00:28:16,467
-Can I call
and schedule him tomorrow?
-[Sheryl] Oh, no.
817
00:28:16,467 --> 00:28:17,900
-You need to call him today.
-[Jasper laughs]
818
00:28:17,900 --> 00:28:20,567
The units
can look almost finished
819
00:28:20,567 --> 00:28:22,467
and can completely
fall apart with
820
00:28:22,467 --> 00:28:24,367
-the little details of things.
-[Jasper] Mm-hmm.
821
00:28:24,367 --> 00:28:25,867
[Sheryl] Doorknobs.
822
00:28:25,867 --> 00:28:28,100
[Sheryl] They're not here.
Nobody's started that.
823
00:28:28,100 --> 00:28:29,567
[Jasper]
We're in the home stretch.
824
00:28:29,567 --> 00:28:31,200
It's go time.So we're just really
825
00:28:31,200 --> 00:28:33,667
just taking a list
of everything that
needs to be done,
826
00:28:33,667 --> 00:28:35,667
and then whatever needs
to be done,
827
00:28:35,667 --> 00:28:37,767
figuring out who we need
to call to get it done.
828
00:28:37,767 --> 00:28:40,567
Oh. Vanity's in.
829
00:28:40,567 --> 00:28:42,367
-[Jasper] Okay.
-[Sheryl] Okay, all right.
830
00:28:42,367 --> 00:28:43,600
Um...
831
00:28:44,467 --> 00:28:47,400
I really, really want
to put the custom...
832
00:28:47,400 --> 00:28:49,767
-The floating cabinet?
-Yes.
833
00:28:49,767 --> 00:28:51,367
Yeah, I do. I like it.
834
00:28:51,367 --> 00:28:53,767
I do. But I'm just so used
835
00:28:53,767 --> 00:28:55,567
to the custom vanities.
836
00:28:55,567 --> 00:28:57,700
I just could not get past
837
00:28:57,700 --> 00:28:59,767
using custom vanities.
838
00:28:59,767 --> 00:29:01,500
I knew it was gonna be hard
to convince you...
839
00:29:01,500 --> 00:29:04,100
Are we gonna
be able to, like...
840
00:29:04,100 --> 00:29:05,567
Well, we have 13 of these.
841
00:29:05,567 --> 00:29:07,266
[Sheryl] I'm aware thatit costs more money,
842
00:29:07,266 --> 00:29:09,400
but if it flows well
843
00:29:09,400 --> 00:29:12,166
and it looks really great,
844
00:29:12,166 --> 00:29:13,200
we'll get more money for it.
845
00:29:13,200 --> 00:29:14,734
Hi, Kelly!
846
00:29:25,467 --> 00:29:28,600
[Sheryl]
It was possible to getthe 13 custom vanities done.
847
00:29:28,600 --> 00:29:29,867
These are simple boxes.
848
00:29:29,867 --> 00:29:31,567
He does all of our cabinetry,
849
00:29:31,567 --> 00:29:34,667
so two days to getthe boxes done and installed,
850
00:29:34,667 --> 00:29:37,467
and then another two daysto fabricate them.
851
00:29:37,467 --> 00:29:39,867
And my cabinet guy went down
852
00:29:39,867 --> 00:29:41,700
$400 for each one.
853
00:29:41,700 --> 00:29:44,100
I am so happy with them.
854
00:29:53,700 --> 00:29:55,567
That uses the oak,
855
00:29:55,567 --> 00:29:57,000
the same as the kitchen,
856
00:29:57,000 --> 00:29:58,867
-and the same--
-There's my little
vanity changers.
857
00:29:58,867 --> 00:30:00,200
[all laughing]
858
00:30:00,200 --> 00:30:02,700
-[Kelly] Can we see
what you've done?
-[Sheryl and Jasper] Yeah.
859
00:30:02,700 --> 00:30:05,600
-All right.
-[Sheryl] Voila! [laughs]
860
00:30:06,266 --> 00:30:08,700
Okay. Can I make a confession?
861
00:30:08,700 --> 00:30:09,667
-[Sheryl] Okay.
-[Kelly] I love them.
862
00:30:09,667 --> 00:30:10,767
[Sheryl] Oh!
863
00:30:10,767 --> 00:30:12,667
[Kelly] And I love them
864
00:30:12,667 --> 00:30:14,000
more than the ones
that I brought.
865
00:30:14,000 --> 00:30:15,100
-Oh, you're kidding.
-No.
866
00:30:15,100 --> 00:30:17,100
-Okay.
-I'm being 100% honest.
867
00:30:17,100 --> 00:30:18,600
It's perfecto.
868
00:30:18,600 --> 00:30:20,400
And I love
869
00:30:20,400 --> 00:30:21,900
that it still has the storage,
870
00:30:21,900 --> 00:30:22,834
and it has...
871
00:30:22,834 --> 00:30:24,867
-The drawer.
-...the drawer that comes out.
872
00:30:24,867 --> 00:30:26,000
[Jasper] Mm-hmm.
873
00:30:26,000 --> 00:30:28,367
And I think
this countertop looks great.
874
00:30:28,367 --> 00:30:29,667
-Thank you, thank you.
-Oh, thank you.
875
00:30:29,667 --> 00:30:31,367
-That was good.
-I can exhale now?
876
00:30:31,367 --> 00:30:32,700
-Yeah.
-[Kelly] Yes!
877
00:30:32,700 --> 00:30:33,667
No, you know what?
878
00:30:33,667 --> 00:30:35,567
You know what you like,
and that's important.
879
00:30:35,567 --> 00:30:37,367
-Mm-hmm.
-It was about saving money.
880
00:30:37,367 --> 00:30:38,767
We clearly did not do that
881
00:30:38,767 --> 00:30:39,700
in this stage of the game...
882
00:30:39,700 --> 00:30:41,667
-Okay.
-...but we did it
in other parts,
883
00:30:41,667 --> 00:30:42,467
-so I think it's okay.
-We did.
884
00:30:42,467 --> 00:30:43,800
-Let's see everything else.
-Okay.
885
00:30:43,800 --> 00:30:45,467
-I'm interested in
actually seeing the kitchen.
-[laughs]
886
00:30:45,467 --> 00:30:47,100
[Kelly] I kind of bypassed it.
887
00:30:47,100 --> 00:30:47,967
[Sheryl] I'm super excited
888
00:30:47,967 --> 00:30:50,767
about the countertopsand backsplash
889
00:30:50,767 --> 00:30:53,300
because it looks
exactly like what I love,
890
00:30:53,300 --> 00:30:54,767
and we got it for cheaper.
891
00:30:54,767 --> 00:30:57,700
[Kelly]
This is so sophisticated.
892
00:30:57,700 --> 00:31:00,200
-Wow!
-Look at that
nice little waterfall edge.
893
00:31:00,200 --> 00:31:01,567
-I just love it.
-You got your waterfall edge.
894
00:31:01,567 --> 00:31:03,000
-I got my waterfall.
-[both laugh]
895
00:31:03,000 --> 00:31:04,600
-Look at the backsplash.
-[Jasper] Yeah.
896
00:31:04,600 --> 00:31:05,767
-[Sheryl] Look at that.
-[Kelly] Yeah. It's stunning.
897
00:31:05,767 --> 00:31:08,200
-[Jasper]
It's beautiful, yeah.
-[Sheryl] To die for.
898
00:31:08,200 --> 00:31:11,166
We saved money
by doing the backsplash
the same as the countertop.
899
00:31:11,166 --> 00:31:13,066
-[Jasper] Yes.
-And it's still beautiful.
900
00:31:13,066 --> 00:31:14,700
-I mean, now I know, right?
-Yeah.
901
00:31:14,700 --> 00:31:16,266
You can still get
the same look.
902
00:31:16,266 --> 00:31:18,467
I'm so happy
Kelly showed us the back room.
903
00:31:18,467 --> 00:31:19,300
[Sheryl] Yeah, the back room.
904
00:31:19,300 --> 00:31:21,000
We were ableto find some good pieces
905
00:31:21,000 --> 00:31:23,767
and have that same
dramatic look for less.
906
00:31:23,767 --> 00:31:25,867
So, the brothers
in their warehouse
907
00:31:25,867 --> 00:31:27,900
-have all these...
-[Sheryl] Oh, nice.
908
00:31:27,900 --> 00:31:30,000
[Kelly] ...knobs and handles.
909
00:31:30,000 --> 00:31:31,000
[Jasper] Oh, these are cute.
910
00:31:31,000 --> 00:31:32,767
We have chrome,
and we also have
911
00:31:32,767 --> 00:31:34,100
-clear lucite.
-[Sheryl] Clear.
912
00:31:34,100 --> 00:31:35,266
-These are my favorite.
-Yeah.
913
00:31:35,266 --> 00:31:37,266
So, you guys,
take a look at these.
914
00:31:37,266 --> 00:31:39,266
Um, another thing
that the brothers have
915
00:31:39,266 --> 00:31:41,567
-is they have relationships
with a bunch of vendors.
-[Sheryl] Oh.
916
00:31:41,567 --> 00:31:43,266
-[Jasper] Ooh.
-[Kelly] And one
of the vendors
917
00:31:43,266 --> 00:31:44,400
-does window treatments.
-[Jasper] Mm-hmm.
918
00:31:44,400 --> 00:31:46,700
And they have graciously said,
919
00:31:46,700 --> 00:31:48,300
if you want some
window treatments,
920
00:31:48,300 --> 00:31:49,800
-not just
any window treatments...
-[Sheryl] Nice.
921
00:31:49,800 --> 00:31:51,500
...I got them
to do motorized shades.
922
00:31:51,500 --> 00:31:52,667
-Motorized, too?
-[Kelly] Yeah.
923
00:31:52,667 --> 00:31:54,767
So, I picked four colors
that I thought
924
00:31:54,767 --> 00:31:56,767
-could work well
in this space.
-[Sheryl] Okay.
925
00:31:56,767 --> 00:31:58,367
So, you guys decide.
926
00:31:58,367 --> 00:32:00,367
Um, there's a white,
there's a gray,
927
00:32:00,367 --> 00:32:01,700
there's kind of taupe.
928
00:32:01,700 --> 00:32:03,200
-[Jasper] Yeah.
-[Kelly] And this one has
a little bit of texture.
929
00:32:03,200 --> 00:32:05,000
[Jasper]
My favorite is the taupe.
930
00:32:05,000 --> 00:32:07,000
[Sheryl] I'm loving the white.
931
00:32:07,000 --> 00:32:08,367
[Kelly] The white. Okay. Good.
932
00:32:08,367 --> 00:32:09,800
This is what I'm gonna do.
I'm gonna put
933
00:32:09,800 --> 00:32:11,667
uh, motorized shades,
934
00:32:11,667 --> 00:32:13,166
and they're gonna go
all the way
935
00:32:13,166 --> 00:32:14,367
on the slider right here.
936
00:32:14,367 --> 00:32:16,000
And we're also gonna do
937
00:32:16,000 --> 00:32:17,000
the stairwells.
938
00:32:17,000 --> 00:32:19,700
So, decide what you want here
with the knobs.
939
00:32:19,700 --> 00:32:23,300
I will order the blinds
to be installed immediately,
940
00:32:23,300 --> 00:32:25,000
-and, um, call me
if you need me.
-Yes.
941
00:32:41,100 --> 00:32:43,767
-I think the cabinets will
be ready in about four days.
-[Jasper] Okay.
942
00:32:43,767 --> 00:32:45,900
[Sheryl] We need
to do a count on
943
00:32:45,900 --> 00:32:47,000
the plumbing fixtures
944
00:32:47,000 --> 00:32:48,700
-and the mirrors.
-Okay.
945
00:32:48,700 --> 00:32:51,400
But I think we're ready
for the brothers to stage
the front unit.
946
00:32:51,400 --> 00:32:53,500
-Oh, my gosh. I can't believe
we got to this point.
-[Sheryl] Yeah.
947
00:32:53,500 --> 00:32:55,967
I feel extremely relievedthat one unit is down.
948
00:32:55,967 --> 00:32:58,000
We still have work to do
in the other two units,
949
00:32:58,000 --> 00:32:59,767
but we knowexactly what to do.
950
00:32:59,767 --> 00:33:01,166
We got the first one done.
951
00:33:01,166 --> 00:33:03,567
So, everything thatdidn't go well in that one,
952
00:33:03,567 --> 00:33:05,266
we got it all worked out
in these two.
953
00:33:05,266 --> 00:33:07,700
We think we're ready
to stage the first unit.
954
00:33:07,700 --> 00:33:08,567
Oh.
955
00:33:08,567 --> 00:33:09,967
-Construction's done?
-[Sheryl] Yeah.
956
00:33:09,967 --> 00:33:11,700
-Yes. [laughs]
-We got one done.
Yes. [laughs]
957
00:33:11,700 --> 00:33:12,800
Are you in the unit right now?
958
00:33:12,800 --> 00:33:13,767
[Sheryl and Jasper] No.
959
00:33:13,767 --> 00:33:15,066
-Second unit.
-Second unit.
960
00:33:15,066 --> 00:33:16,600
Why don't youleave that front unit?
961
00:33:16,600 --> 00:33:17,867
We'll take careof staging that
962
00:33:17,867 --> 00:33:20,700
so that the two of youcan go hard focusingon the back two.
963
00:33:20,700 --> 00:33:22,467
Get them doneas soon as you can,
964
00:33:22,467 --> 00:33:24,100
and we'll makethat front one look pretty.
965
00:33:24,100 --> 00:33:26,367
I think it's gonna save us
a lot of time and money...
966
00:33:26,367 --> 00:33:28,266
-[Jasper] Yeah.
-[Sheryl] ...to be able
to show that front unit
967
00:33:28,266 --> 00:33:30,900
while we're working on
the second and third unit.
968
00:33:30,900 --> 00:33:33,300
I'm literally callingfor staging now.
969
00:33:46,467 --> 00:33:49,000
[Drew] I'm excitedthat Sheryl and Jasperhave done this unit.
970
00:33:49,000 --> 00:33:50,400
We will stage this.It'll look amazing.
971
00:33:50,400 --> 00:33:53,567
Let's let them focus on
getting the other two done.
972
00:33:53,567 --> 00:33:55,667
[Jonathan]
We brought in so much staging'cause we want this space
973
00:33:55,667 --> 00:33:56,667
to look perfect.
974
00:33:56,667 --> 00:33:59,266
This is the show suitefor the whole building,
975
00:33:59,266 --> 00:34:01,000
and it has to be perfect.
976
00:34:04,700 --> 00:34:05,900
[Drew] When you style it,
977
00:34:05,900 --> 00:34:08,100
you bring inthe furniture, the decor,
978
00:34:08,100 --> 00:34:10,200
it takes it toa whole different level.
979
00:34:10,200 --> 00:34:12,567
They will make moreoff of this project
980
00:34:12,567 --> 00:34:14,600
because we'remaking it look beautiful.
981
00:34:14,600 --> 00:34:15,567
[Jonathan] We're even gonnasurprise Sheryl
982
00:34:15,567 --> 00:34:18,100
by adding the firstof the built-in closets
983
00:34:18,100 --> 00:34:20,300
so she and Jaspercan see how a mistake
984
00:34:20,300 --> 00:34:21,533
can turn into a win.
985
00:34:22,000 --> 00:34:23,266
Having a show suite
986
00:34:23,266 --> 00:34:25,166
ready to go,
ready to photograph,
987
00:34:25,166 --> 00:34:27,266
that gives us an opportunitythat we don't often see
988
00:34:27,266 --> 00:34:28,500
in a lot of other projects.
989
00:34:28,500 --> 00:34:30,767
[Drew] When the last sub-tradewalks out the door, we can
990
00:34:30,767 --> 00:34:33,467
have a tenant
walking in with their stuff
that same day.
991
00:34:33,467 --> 00:34:36,166
They get all
the living space downstairs,
992
00:34:36,166 --> 00:34:38,000
and then they get all of this
when they want it.
993
00:34:38,000 --> 00:34:40,900
-It's like an extra
500 square feet.
-[Jonathan] Yeah.
994
00:34:40,900 --> 00:34:42,500
Ching-ching. I love it.
995
00:34:45,700 --> 00:34:47,500
[Drew] Sheryl and Jasperhave been deep in the trenches
996
00:34:47,500 --> 00:34:49,567
working on wrapping upthe final two units,
997
00:34:49,567 --> 00:34:50,867
and have not seenthe first unit
998
00:34:50,867 --> 00:34:53,000
since the finishing workwas complete.
999
00:34:53,000 --> 00:34:55,900
[Jonathan] This project,it's been full of delaysand overages.
1000
00:34:55,900 --> 00:34:58,100
Now they can look around
1001
00:34:58,100 --> 00:34:59,800
and see the positives.
1002
00:34:59,800 --> 00:35:02,900
[Sheryl] I'm a little nervousto see if it's gonna feel
1003
00:35:02,900 --> 00:35:04,767
the way I'm used to
1004
00:35:04,767 --> 00:35:06,634
-the home's feeling that I do.
-[Jasper] Mm-hmm.
1005
00:35:07,166 --> 00:35:08,433
Whoa.
1006
00:35:13,667 --> 00:35:15,900
[Sheryl] Because this isour family business
1007
00:35:15,900 --> 00:35:18,200
and we've put so muchinto this, I'm nervous
1008
00:35:18,200 --> 00:35:20,367
to really see if it delivers
1009
00:35:20,367 --> 00:35:21,500
what my dream is.
1010
00:35:21,500 --> 00:35:22,467
Oh, wait.
1011
00:35:22,467 --> 00:35:24,200
Oh, my God.
1012
00:35:24,667 --> 00:35:25,767
Whoa.
1013
00:35:25,767 --> 00:35:26,934
[Jasper] Oh, my God.
1014
00:35:26,934 --> 00:35:28,500
-[Jonathan] What do you think?
-[Sheryl] It's beautiful.
1015
00:35:28,500 --> 00:35:30,467
This is way beyond
1016
00:35:30,467 --> 00:35:32,033
what I thought
it was gonna look like.
1017
00:35:32,500 --> 00:35:34,066
Oh, my God. Look at this.
1018
00:35:34,066 --> 00:35:35,467
-Look at the island.
-[Jasper exhales]
1019
00:35:35,467 --> 00:35:36,600
[Sheryl] It looks amazing,
1020
00:35:36,600 --> 00:35:38,667
and I've got
the waterfall edge
1021
00:35:38,667 --> 00:35:39,567
that we wanted.
1022
00:35:39,567 --> 00:35:41,200
[Jasper] Oh, it's beautiful.
1023
00:35:41,200 --> 00:35:42,567
[Sheryl] The brothers did
1024
00:35:42,567 --> 00:35:45,467
a phenomenal job staging.I was blown away.
1025
00:35:45,467 --> 00:35:47,166
-[Jasper] Yeah.
-And speechless.
1026
00:35:47,166 --> 00:35:48,767
[Drew] When you look at
the palette in here,
1027
00:35:48,767 --> 00:35:50,567
this is high end,
but it's warm.
1028
00:35:50,567 --> 00:35:51,767
-It's inviting.
-[Jasper] Mm-hmm.
1029
00:35:51,767 --> 00:35:53,266
And I think a big part
of that as well,
1030
00:35:53,266 --> 00:35:55,066
it's the cabinets
and it's the floors.
1031
00:35:55,066 --> 00:35:56,767
[Jonathan]
This is luxury vinyl.
1032
00:35:56,767 --> 00:35:59,567
[Sheryl] We will never, ever
use what I was using again.
1033
00:35:59,567 --> 00:36:00,300
Yeah.
1034
00:36:00,300 --> 00:36:02,467
This was easier to install.
1035
00:36:02,467 --> 00:36:03,967
It cost a lot less.
1036
00:36:03,967 --> 00:36:05,734
I'm sold 100%.
1037
00:36:06,266 --> 00:36:09,100
It's just breathtaking.
1038
00:36:09,100 --> 00:36:11,100
-And we saved money.
-[Jasper laughs]
1039
00:36:11,100 --> 00:36:11,967
And you saved money, yeah.
1040
00:36:11,967 --> 00:36:13,767
That's the part
that gets me teared up.
1041
00:36:13,767 --> 00:36:14,567
[all laughing]
1042
00:36:14,567 --> 00:36:16,400
I mean, honestly,
it doesn't look
1043
00:36:16,400 --> 00:36:18,700
any different than things
that I normally do.
1044
00:36:18,700 --> 00:36:20,100
It looks on that level.
1045
00:36:20,100 --> 00:36:23,467
With the amount of work
that was on your plate,
1046
00:36:23,467 --> 00:36:26,100
having to navigate
all the issues with
1047
00:36:26,100 --> 00:36:28,767
the permitting and adding
sprinkler systems and...
1048
00:36:28,767 --> 00:36:31,400
You had so many issues,
1049
00:36:31,400 --> 00:36:33,767
but you nailed the design
1050
00:36:33,767 --> 00:36:35,200
because the building
looks amazing.
1051
00:36:35,200 --> 00:36:37,200
The finishes
that you've picked,
1052
00:36:37,200 --> 00:36:38,367
we adjusted some of them,
1053
00:36:38,367 --> 00:36:40,166
but for the most part,
this is everything
1054
00:36:40,166 --> 00:36:41,200
that you chose.
1055
00:36:41,200 --> 00:36:42,867
[Jasper] Just seeing this
is just like a sum of
1056
00:36:42,867 --> 00:36:45,266
all the decisions you made
since I was little.
1057
00:36:45,266 --> 00:36:46,533
I'm just so proud of you.
1058
00:36:46,867 --> 00:36:48,000
[Sheryl] I really
1059
00:36:48,000 --> 00:36:50,300
honestly did not expectfor it to look that amazing.
1060
00:36:50,300 --> 00:36:51,600
-[Jasper] Mm-hmm.
-[Sheryl] I did not. You know,
1061
00:36:51,600 --> 00:36:54,300
it's a nice-sized room,but my God,
1062
00:36:54,300 --> 00:36:56,266
when you brought
the furniture in,
1063
00:36:56,266 --> 00:36:58,600
it's way bigger
than I thought.
1064
00:36:58,600 --> 00:37:00,667
It is just beautiful.
1065
00:37:00,667 --> 00:37:02,200
-It's phenomenal.
-[Jasper] Mm-hmm.
1066
00:37:02,200 --> 00:37:03,100
Shall we head upstairs?
1067
00:37:03,100 --> 00:37:05,233
-Can't wait.
-[all laughing]
1068
00:37:08,000 --> 00:37:09,767
[Drew] After you guys.
1069
00:37:09,767 --> 00:37:12,000
-Peek your new
bathroom, bedrooms.
-Oh, wow.
1070
00:37:12,000 --> 00:37:13,500
Ooh, look at this.
1071
00:37:13,967 --> 00:37:15,300
[Jasper] Oh, my gosh.
1072
00:37:15,300 --> 00:37:16,667
-[Sheryl] Oh.
-[Jonathan chuckles]
1073
00:37:16,667 --> 00:37:18,900
-[Jasper] Ooh.
-[Sheryl] Oh, wow.
1074
00:37:19,867 --> 00:37:22,400
Oh. [gasps] Oh.
1075
00:37:22,400 --> 00:37:24,667
-Oh, this is beautiful.
-[Sheryl] This is beautiful.
1076
00:37:24,667 --> 00:37:26,367
Oh, my goodness.
1077
00:37:26,367 --> 00:37:28,100
[Drew] We decided not to go
for a lot of color pops.
1078
00:37:28,100 --> 00:37:29,467
We kept it very neutral.
1079
00:37:29,467 --> 00:37:30,433
Did we get your style right?
1080
00:37:30,433 --> 00:37:32,300
-Oh, you got it. [laughs]
-Oh, my gosh. Yes.
1081
00:37:33,667 --> 00:37:36,200
-[Drew] What do you think?
-[Sheryl] Oh, my gosh.
1082
00:37:36,200 --> 00:37:37,266
It looks like a design.
1083
00:37:37,266 --> 00:37:39,900
Like, it doesn't look like
a solution to a problem.
1084
00:37:39,900 --> 00:37:41,667
-Yeah.
-It looks like it was built in
1085
00:37:41,667 --> 00:37:42,900
and it was supposed
to be like that.
1086
00:37:42,900 --> 00:37:44,333
[Drew] Yeah, no,
it looks great.
1087
00:37:44,333 --> 00:37:46,767
-[Jasper]
The closets are beautiful.- [Sheryl laughing] Yeah.
1088
00:37:46,767 --> 00:37:48,567
It doesn't even look
like a mistake was made
1089
00:37:48,567 --> 00:37:49,667
or that they
weren't framed out.
1090
00:37:49,667 --> 00:37:51,066
-No.
-It looks like that they were
1091
00:37:51,066 --> 00:37:52,033
supposed to be there.
1092
00:37:52,033 --> 00:37:52,834
[Drew] Do you want to see
the main bedroom?
1093
00:37:52,834 --> 00:37:54,533
-Yes.
-Let's see that one.
1094
00:37:55,100 --> 00:37:56,400
Take a look
1095
00:37:56,900 --> 00:37:58,867
at how inviting this is.
1096
00:37:58,867 --> 00:38:00,767
-Oh...
-[Sheryl] Oh, my goodness.
1097
00:38:00,767 --> 00:38:02,266
-...my goodness.
-[Sheryl] Wow.
1098
00:38:02,266 --> 00:38:03,200
[Sheryl and Jasper] Wow.
1099
00:38:03,200 --> 00:38:06,100
[Sheryl] I mean,
I'm just almost speechless.
1100
00:38:06,100 --> 00:38:07,900
This is great. And we did this
1101
00:38:08,400 --> 00:38:09,367
on a budget.
1102
00:38:09,367 --> 00:38:11,500
-You've changed me for life.
-I know, right?
1103
00:38:11,500 --> 00:38:13,667
And you have a huge bathroom.
1104
00:38:13,667 --> 00:38:15,500
-[Drew] This is gonna
set the mark.
-[Sheryl] New bathroom.
1105
00:38:15,500 --> 00:38:17,000
Oh wow. This is beautiful.
1106
00:38:17,000 --> 00:38:18,567
[Drew] I mean, you went
with the custom vanities
1107
00:38:18,567 --> 00:38:20,200
and spent an extra 20 grand
1108
00:38:20,200 --> 00:38:21,367
that you didn't need to.
1109
00:38:21,367 --> 00:38:23,800
They look great,
but that comes
right out of your profit.
1110
00:38:23,800 --> 00:38:25,467
[Sheryl] I'm awarethat it costs more money,
1111
00:38:25,467 --> 00:38:28,100
but I justcouldn't compromise.
1112
00:38:28,100 --> 00:38:30,166
That's a big thing
for me. [laughs]
1113
00:38:30,166 --> 00:38:32,367
[Jasper] Seeing this
as sticks and bricks
1114
00:38:32,367 --> 00:38:34,667
-a couple months ago
to here, it's like...
-[Sheryl] Yeah.
1115
00:38:34,667 --> 00:38:36,467
If you didn't come in...
1116
00:38:36,467 --> 00:38:37,533
[chuckles softly]
1117
00:38:37,533 --> 00:38:38,900
-Yeah.
-It probably would have been
another year.
1118
00:38:38,900 --> 00:38:40,266
[Sheryl] I don't know
1119
00:38:40,266 --> 00:38:41,266
-if I would have
made it another year.
-We didn't have another year.
1120
00:38:41,266 --> 00:38:43,767
In all honesty,
you saved the project.
1121
00:38:43,767 --> 00:38:46,266
-[Jasper] Yeah.
-I don't know how long
we could have kept going.
1122
00:38:46,266 --> 00:38:47,467
I think the big thing here
you're learning is
1123
00:38:47,467 --> 00:38:48,667
it's all the organization.
1124
00:38:48,667 --> 00:38:50,166
When you have someone
project managing
1125
00:38:50,166 --> 00:38:51,700
that stays on top
of your timeline and budget...
1126
00:38:51,700 --> 00:38:53,467
-[Sheryl] Right.
-...you can get so much more
out of a project.
1127
00:38:53,467 --> 00:38:54,367
-[Sheryl] Oh, yes.
-[Jasper] Mm-hmm.
1128
00:38:54,367 --> 00:38:57,100
It is expensive
to have a project manager.
1129
00:38:57,100 --> 00:38:58,600
-It is more expensive...
-[Sheryl] Mm-hmm.
1130
00:38:58,600 --> 00:38:59,333
...to lose your project.
1131
00:38:59,333 --> 00:39:00,800
-Oh, yeah.
-We spent maybe six,
1132
00:39:00,800 --> 00:39:02,867
seven, eight times
a project manager salary
1133
00:39:02,867 --> 00:39:05,367
-trying to fix
all the mistakes.
-[Sheryl] Yes.
1134
00:39:05,367 --> 00:39:07,066
Working with Donnie was great.
1135
00:39:07,066 --> 00:39:09,100
-Yeah.
-We'll never do
a project this size
1136
00:39:09,100 --> 00:39:10,667
without having
a project manager.
1137
00:39:10,667 --> 00:39:13,033
A project manager,
in the long run,
saves us money.
1138
00:39:15,667 --> 00:39:17,166
Wow, look at this.
1139
00:39:17,166 --> 00:39:18,066
-[gasps]
-[Jasper] No way.
1140
00:39:18,066 --> 00:39:20,600
This is like
a whole other house outside.
1141
00:39:20,600 --> 00:39:22,467
[Jasper] Oh, my God.
1142
00:39:22,467 --> 00:39:24,467
-All bonus square footage.
-[Sheryl and Jasper laughing]
1143
00:39:24,467 --> 00:39:26,100
[Drew] This looks like
the common area
1144
00:39:26,100 --> 00:39:27,700
for a five
to ten unit building.
1145
00:39:27,700 --> 00:39:28,667
-You know, it does.
-[Jasper] It does.
1146
00:39:28,667 --> 00:39:30,300
[Sheryl] And this belongs
just to this unit.
1147
00:39:30,300 --> 00:39:31,467
[Drew] Just to the one unit.
1148
00:39:31,467 --> 00:39:33,800
[Jonathan]
You have a dining area,
two lounging areas.
1149
00:39:33,800 --> 00:39:34,834
[Sheryl] Look at the view.
1150
00:39:34,834 --> 00:39:36,300
[Drew] It looks beautiful.
It's gonna show well.
1151
00:39:36,300 --> 00:39:37,867
The pictures
are gonna look amazing.
1152
00:39:37,867 --> 00:39:39,500
-[Jasper] Oh, yeah. Oh, yes.
-For sure.
1153
00:39:39,500 --> 00:39:41,600
-I could have never
imagined this.
-[Jasper] Yeah.
1154
00:39:41,600 --> 00:39:43,767
[Sheryl] It was a surprisethat the brothers said,
1155
00:39:43,767 --> 00:39:45,800
"Let's stage one unit."In my head, I thought,
1156
00:39:45,800 --> 00:39:48,667
"Oh, we have to haveall three of them doneat the same time."
1157
00:39:48,667 --> 00:39:49,767
But I see a big upside
1158
00:39:49,767 --> 00:39:51,500
to staging one unit.
1159
00:39:51,900 --> 00:39:53,000
Now we can show it.
1160
00:39:53,000 --> 00:39:55,300
It's so much easier
to rent a place
1161
00:39:55,300 --> 00:39:56,567
-or to sell a place...
-Right.
1162
00:39:56,567 --> 00:39:58,100
-...when it's
beautifully staged.
-Oh, yeah.
1163
00:39:58,100 --> 00:39:59,867
I think we should dig in
a little on the numbers.
1164
00:39:59,867 --> 00:40:01,800
-[Jasper] Mm-hmm.
-I know, originally,
your renovation budget
1165
00:40:01,800 --> 00:40:04,200
-was gonna be 1.2.
-Yeah.
1166
00:40:04,200 --> 00:40:06,867
-You ended up, you know,
just shy of 1.6.
-Yes.
1167
00:40:06,867 --> 00:40:09,066
It was a little bit higher.
But this is the thing.
1168
00:40:09,066 --> 00:40:10,834
-You could sell this
for 3 million.
-[Jonathan] Or...
1169
00:40:11,567 --> 00:40:14,166
make much more money
over the long term
1170
00:40:14,166 --> 00:40:15,066
by keeping this as a lease.
1171
00:40:15,066 --> 00:40:16,600
-Okay.
-You're the numbers
person here.
1172
00:40:16,600 --> 00:40:18,100
-Yeah.
-So you've done your research.
1173
00:40:18,100 --> 00:40:19,767
-Mm-hmm.
-You know what
the values are in the area.
1174
00:40:19,767 --> 00:40:20,867
-Yeah.
-What is it...
1175
00:40:20,867 --> 00:40:23,100
See how nice this looks.
What do you think you can get?
1176
00:40:23,100 --> 00:40:25,100
I think between
1177
00:40:25,100 --> 00:40:27,500
5,900 and 61.
1178
00:40:28,166 --> 00:40:29,567
Oh, my gosh.
You are so on the low side.
1179
00:40:29,567 --> 00:40:31,467
-You're on the safe side.
-[Sheryl and Jasper] Really?
1180
00:40:31,467 --> 00:40:34,166
We dug in hard to look
at properties this nice.
1181
00:40:34,166 --> 00:40:35,467
-[Jasper] Mm-hmm.
-And you think about it.
Up here,
1182
00:40:35,467 --> 00:40:36,634
this is a bonus...
1183
00:40:36,634 --> 00:40:38,266
-[Jasper] Yeah.
-[Drew] ...what,
400 or 500 square feet.
1184
00:40:38,266 --> 00:40:39,700
You have your own parking.
1185
00:40:39,700 --> 00:40:42,000
You have so many things here
that the comparable units
1186
00:40:42,000 --> 00:40:43,367
-don't have.
-[Jasper] Mm-hmm.
1187
00:40:43,367 --> 00:40:45,000
You can get 6,800 for this.
1188
00:40:45,000 --> 00:40:46,200
-No way.
-6,800?
1189
00:40:46,200 --> 00:40:48,667
-Oh, my gosh. 6,800?
-Yeah.
1190
00:40:48,667 --> 00:40:51,400
You guys deserve, after all
the effort you put in...
1191
00:40:51,400 --> 00:40:53,367
-Yeah.
-[Jonathan] ...you deserve
to make sure you max it out.
1192
00:40:53,367 --> 00:40:55,300
You did mention at one point
1193
00:40:55,300 --> 00:40:56,900
that you were
contemplating selling.
1194
00:40:56,900 --> 00:40:58,600
I know we talked about,
you know,
1195
00:40:58,600 --> 00:41:01,000
-selling a unit, renting two.
-[Sheryl] Yeah.
1196
00:41:01,000 --> 00:41:03,166
Is that still
on the table or...
1197
00:41:03,166 --> 00:41:04,266
No. [laughs]
1198
00:41:04,266 --> 00:41:05,367
-[Jasper] I don't--
-No.
1199
00:41:05,367 --> 00:41:06,800
If we can get 6,800,
1200
00:41:06,800 --> 00:41:08,367
-then absolutely not.
-[Sheryl] Yeah.
1201
00:41:08,367 --> 00:41:09,967
Seeing it, it's so amazing...
1202
00:41:09,967 --> 00:41:12,000
-[Jasper] Mm-hmm.
-...and I think that
it's gonna just increase.
1203
00:41:12,000 --> 00:41:13,500
-I mean, look at this.
-[Jasper] Yeah.
1204
00:41:13,500 --> 00:41:15,166
[Sheryl]
And the neighborhood's
just growing.
1205
00:41:15,166 --> 00:41:17,000
This looks like a building
that we need to keep.
1206
00:41:17,000 --> 00:41:18,667
-[Jonathan and Drew] Yeah.
-Yeah. We tend to just
1207
00:41:18,667 --> 00:41:21,166
sell our projects
and sometimes we're
1208
00:41:21,166 --> 00:41:22,467
-right back where we started.
-I've done that.
1209
00:41:22,467 --> 00:41:24,000
-[Jasper] Yeah.
-Well, in one year,
1210
00:41:24,000 --> 00:41:26,266
renting these out
for 6,800 bucks a month each,
1211
00:41:26,266 --> 00:41:28,967
you're gonna be coming in at,
what is that, $240,000?
1212
00:41:28,967 --> 00:41:30,367
-$240,000 a year.
-Yeah.
1213
00:41:30,367 --> 00:41:32,166
So get this rented,
1214
00:41:32,166 --> 00:41:34,266
hold onto it for a while,
and before you know it,
1215
00:41:34,266 --> 00:41:36,967
-when these are all
new buildings around you...
-Yes.
1216
00:41:36,967 --> 00:41:39,100
...you guys all of a sudden
have your retirement plan.
1217
00:41:39,100 --> 00:41:40,300
-Oh, I love that.
-No, that's so true.
1218
00:41:40,300 --> 00:41:42,767
You get that
6,800 bucks a month
for each of the units...
1219
00:41:42,767 --> 00:41:44,166
-[Jasper] Right.
-[Drew] ...you're at 10% ROI.
1220
00:41:44,166 --> 00:41:45,266
-Right.
-[Drew] I think
that's pretty great.
1221
00:41:45,266 --> 00:41:46,867
10%? Is it 10%?
1222
00:41:46,867 --> 00:41:48,300
-It is. It's just...
-[Jonathan] You guys
will be at 10%.
1223
00:41:48,300 --> 00:41:50,100
-Oh, my God. Wow.
-[Drew] Yeah,
that's pretty good.
1224
00:41:50,100 --> 00:41:51,367
Can you believe this?
1225
00:41:51,367 --> 00:41:53,767
No, I cannot
believe it at all.
1226
00:41:53,767 --> 00:41:55,166
-Congratulations.
-Thank you.
1227
00:41:55,166 --> 00:41:56,367
-Thank you. Thank you.
-Oh, my gosh.
1228
00:41:56,367 --> 00:41:57,900
-It's such a...
-Thank you.
1229
00:41:57,900 --> 00:41:58,967
Let us know
when it gets rented out.
1230
00:41:58,967 --> 00:42:00,900
These guys were
so down in the dumps.
1231
00:42:00,900 --> 00:42:03,400
When we first met them,
they were stuck.
1232
00:42:03,400 --> 00:42:04,767
They didn't know what to do.
1233
00:42:04,767 --> 00:42:06,900
And it's a totally
different personality now.
1234
00:42:06,900 --> 00:42:08,767
We know a winning horse
when we see one.
1235
00:42:08,767 --> 00:42:11,100
I think Sheryl and Jasper,
they're smart.
1236
00:42:11,100 --> 00:42:12,100
Yes, they've made
some mistakes,
1237
00:42:12,100 --> 00:42:14,100
but that doesn't mean
you just write them off.
1238
00:42:14,100 --> 00:42:15,567
They're willing
to learn and grow.
1239
00:42:15,567 --> 00:42:16,800
And the best part here is
1240
00:42:16,800 --> 00:42:18,667
they were willing
to listen to our advice,
1241
00:42:18,667 --> 00:42:20,200
and that got them
back on track.
1242
00:42:20,200 --> 00:42:22,667
-[Sheryl] Thank you.
-[Jasper] Thank you.
1243
00:42:22,667 --> 00:42:25,166
After all of this,
I'm ready to jump into
another commercial project.
1244
00:42:25,166 --> 00:42:26,700
-[Jasper laughs]
-[Sheryl] Yeah,she doesn't know this,
1245
00:42:26,700 --> 00:42:30,166
but I'm looking at
a 17 unit in the area.
1246
00:42:30,166 --> 00:42:32,133
Lord. Can I get
a vacation first?
1247
00:42:35,867 --> 00:42:37,467
[Drew] Sheryl and Jasperended up renting out
1248
00:42:37,467 --> 00:42:39,800
the first two units
for $6,800 a month,
1249
00:42:39,800 --> 00:42:41,300
but they exceeded
our expectations
1250
00:42:41,300 --> 00:42:44,467
by renting out the larger unit
for $7,300 a month.
1251
00:42:44,467 --> 00:42:46,166
That is a great sign
for things to come
1252
00:42:46,166 --> 00:42:48,266
when they finish
the other triplex
down the road.
1253
00:42:48,266 --> 00:42:50,767
And as for that
Encino property
that we toured,
1254
00:42:50,767 --> 00:42:53,000
they're now renting that out,
wait for it,
1255
00:42:53,667 --> 00:42:56,166
at $22,000 a month.
1256
00:42:56,166 --> 00:42:58,100
Wow. That's amazing.
98859
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