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Mike Seltzerat 27:50

…you know, hardwood floors. They want a new kitchen, new bathroom, and I think they're very price conscious, you know. They want they want to lower rent right now, so they'll probably give up some of those amenities. Interesting. You know, they want to make things easier for themselves, you know. Yeah. They don't want to go to the communal laundry room anymore, you know, at the building. They just don't. Those I have in my buildings because I have a lot of buildings in the 60s, but those are for my older tenants…

Taylor Avakianat 38:53

Isn't it rent isn't rent control changed now? Well, yes, but if anything built in the city of LA after 1978 is is statewide rent controlled versus city of LA, which is a stricter rent

Mike Seltzerat 39:09

That's right. So, what is rent control? Yeah. I mean, the whole state of California is rent control except buildings that have been built after

Mike Seltzerat 39:19

It's a rolling timeline, right? So, a if it's if it's within 15 years, you can raise the rent when you want. Yeah. Right. So, they're they're they're gravitating towards rent control. Yeah. I wouldn't be surprised if they put a cap on everything. They're trying to protect the tenants. I get it. Yeah. The landlords, we had a great run. Yeah. You know, a great run.