What exactly is a home warranty? Stacie Polozola, a long-time veteran of the home warranty industry, joins host Darryl Jones to explain the ins and outs of this important service contract. As a representative for Fidelity National Home Warranty Company, Stacie shares her expertise on topics like what's covered in a basic home warranty plan, typical costs, claims processes, and common misconceptions. Darryl and Stacie also discuss key points such as unknown pre-existing conditions, emergencies, and policy renewals. Tune in for Stacie's insider knowledge on how a home warranty can provide valuable peace of mind for homeowners.

Episode Highlights:

• Basic home warranty plans typically cover plumbing, heating, electrical, air conditioning, and kitchen appliances, with options to add coverage for additional items
• Home warranties cover unknown pre-existing conditions, but not damage from pests, abnormal wear and tear, or lack of maintenance
• Plumbing issues are the most common home warranty claims
• Upgraded plans can help cover modification costs when replacing systems like HVAC or water heaters

Key Questions Asked:

1. What's the difference between a home warranty and homeowner's insurance?
2. How long is the typical waiting period for home warranty coverage to begin?
3. Can a homeowner transfer their existing home warranty policy to a new buyer when selling their home?
4. What out-of-pocket costs might a homeowner face when having a system like an HVAC unit replaced under their home warranty?

Guest Information:

Stacie Polozola - Fidelity National Home Warranty

Website: https://www.homewarranty.com/

Phone: 1-800-862-6837

Contact Darryl:

Darryl & JJ Jones Real Estate

Email: darrylandjj@gmail.com

Phone: (714) 713-4663

What's overhead? Roofing expert Steve Eliason joins host Darryl Jones to discuss all things roofing. Steve shares his 40+ years of experience in the roofing industry, starting from when he first learned the trade at age 14. Darryl and Steve dive into topics ranging from the most popular types of roofs to the importance of proper licensing and insurance for roofers. They also explore key points like the typical lifespan of roofs, new roofing technologies, and maintenance tips for homeowners. Tune in for Steve's valuable insights on this essential aspect of every home.

Episode Highlights:

• The most popular types of residential roofs, including composition shingles, concrete tile, and more
• Typical costs and timelines for reroofing projects
• Advances in roofing materials that improve wind resistance and energy efficiency
• The importance of proper ventilation and insulation in roofing systems
• Risks of walking on roofs and why it's best left to professionals

Key Questions Asked:

1. What are the most popular types of roofs for residential homes nowadays?
2. How long does a typical roof replacement take and what factors can impact the timeline?
3. What licensing and insurance should homeowners look for when hiring a roofing contractor?
4. What ongoing maintenance can homeowners do to extend the life of their roof?

Guest Information:

Steve Eliason

Website: https://santiagoroofing.com/

Phone: (714) 529-0445

Contact Darryl:

Darryl & JJ Jones Real Estate

Email: darrylandjj@gmail.com

Phone: (714) 713-4663

In this episode of The Jones Zone, Host Darryl Jones is joined by Mike Auerbach, 1031 Exchange Specialist. They explore what 1031 exchanges are, their benefits, rules, and regulations, as well as creative ways to utilize them. Mike and Darryl also discuss important considerations like working with a qualified intermediary, time limitations, loan stipulations, and more. Whether you’re an experienced real estate investor or new to the concept, this episode breaks down everything you need to know about harnessing the power of 1031s.

Episode Highlights:

● How to defer capital gains tax and utilize all equity from a property sale

● Strategies for identifying potential replacement properties within 45 days

● The necessity of using a qualified intermediary to facilitate the exchange

● Creative options like reverse exchanges and drop-and-swaps with partners

● Misconceptions about 1031 applicability and expiration rumors

Key Questions Asked:

1. What are the primary benefits of participating in a 1031 exchange?
2. What are the time constraints and critical deadlines in a 1031 exchange?
3. How does the loan amount on the sold and purchased property affect the exchange?
4. Can LLC partners go their separate ways and still qualify for an exchange?
5. What resources exist for successfully navigating a 1031?

Guest Information:

Mike Auerbach - 1031 Specialist

Website: https://www.1031specialists.com/

X: https://twitter.com/1031Specialists

Phone: (631) 438-1031

Email: mike@1031specialist.com

Contact Darryl:

Darryl & JJ Jones Real Estate

Email: darrylandjj@gmail.com

Phone: (714) 713-4663