we'd love to hear it! send me an e-mail or go to our website -- strangeinheritance.com. >> i'm bob massi. for 32 years, i've been practicing law and living in las vegas. i help people with all sorts of real-estate problems, from trying to save their homes to closing major deals. eight years ago, 6,000 people a month moved here, looking for employment and affordable homes. little did anyone know that we would become ground zero for the american real-estate crisis. now, it's a different story. the american dream is back. we're gonna meet real people who faced the same problems as millions across america, and we'll dive deep into a city on the rebound because las vegas was a microcosm of america, and now vegas is back. [ woman vocalizing ]

thanks for joining us. i'm bob massi, your property man. about 8% of all u.s. households own time-shares, and the industry generated more than $70 billion last year alone, and it continues to grow. now, a time-share is a piece of property for which you own a specific amount of time, usually one week per year, and you use it as your vacation home. if you're thinking about buying one, well, i'm gonna give you some of the dos and don'ts and take you inside the latest project, from time-share giant westgate resorts, right behind me, the old las vegas hilton. but first, david siegel, well, he's the founder of westgate, and his story is amazing. in 1980, david siegel owned a small tourist attraction called the mystery funhouse in orlando, florida, and an orange grove. well, one day a man approached him and offered to buy part of the grove. >> i said, "what are you gonna do with it?" he says, "i'm gonna time-share it." i said, "what's that?" he explained the concept to me. i fell in love with the concept.

i didn't sell him the property. i decided i'm gonna do it myself. >> so, did you know what time-share was at that time? >> no. no. so, i built 16 villas in the back of the orange grove. >> those 16 villas would grow into westgate, the largest privately owned time-share company in the world. two decades later, his time-share empire was still expanding. and in 2004, david and his wife, jackie, decided to take on another project, building themselves the largest home in america. most people would say, "why?" >> why build this home, or...? >> why build this -- i don't think they'd call it a home. >> it's really the palace, right? >> why build this palace? >> we wanted a large home. we were planning on, like, maybe a 15,000-square-foot home. but by the time on paper that i got what i wanted, like, a huge ballroom, and we started having more kids, we needed extra bedrooms. it just became the largest home in america.

we weren't trying to build the largest home in america. it just happened. >> it just happened. >> yeah. >> the 90,000-square-foot house was set to contain 13 bedrooms, 30 bathrooms, a bowling alley, two movie theaters, of course, and a 20-car garage. >> we went on our honeymoon in france, and when we went to versailles, he says, "i want to build versailles in america." when we were on the airplane coming back from france, he designed the house on the back of a napkin. >> of course he did. >> he wanted, like, a 10,000-square-foot spa, and i wanted bowling alleys for the kids. and he wanted a movie theater. >> the estate was about 60% completed. and the economy crashed, almost taking westgate with it. >> in 2008, when lehman brothers went under, and the banks all froze, it was a terrible time for my company. it was a terrible time for the country. i had to do whatever was necessary to see that the company survived.

we cut our expenses. we cut our sales. >> but cutting expenses and worrying about revenues was really not enough. they also had to put the versailles house on hold, and eventually they listed the half-built mansion for sale. guess what? $100 million. the whole thing was being captured by a documentary filmmaker, who was profiling jackie for a movie called "the queen of versailles." did you enjoy doing that? >> i hated it. [ both laugh ] >> that wasn't a maybe, right? >> i did not like it. >> he hates it because it makes him look like he's mean, upset about business, like we have a bad marriage and all that, where really he was just mad because the camera people were always around. we had no privacy. he's a businessman, and business goes up and down. he's very smart, and obviously he's bounced back so much more than he was even a few years ago. >> indeed, david and westgate did bounce back, and the company became profitable again,

and versailles was never sold. what's the present status of the house? >> the house is free and clear, completely paid off. construction is going on at a very fast pace. we still have two more years to finish it. it's coming out beautiful. because it's taken so long, we've been able to add features that we weren't thinking about. >> in our great room, one thing i would like to do in the design of the floor is to mirror our beautiful, intricate, colorful dome that's in the ceiling. we might have to use semiprecious stones, like onyx, things like that. >> it's all beautiful marble, exterior. the inside, we're putting in gorgeous ceilings. it's gonna be like walking into a french palace when it's finished. we're not rushing it. >> we're going to live there for the rest of our lives, and it's not only gonna be a palace, but it's gonna be our home. >> how much longer till it's finished? >> it should be finished in about two years, i think. [ both laugh ]

>> the date's never the date, believe me, when it comes to construction. when we come back, i'll take you inside westgate's latest gamble right here in vegas and tell you what to watch out for if you're thinking about buying a time-share. [ woman vocalizing ]

here's to the heroes -- america's small business owners. and here's to the heroes behind the heroes, who use their expertise to keep those businesses covered.

and here's to the heroes behind the heroes behind the heroes, who brought us delicious gyros. actually, the gyro hero owns vero's gyros, so he should have been with those first heroes. ha ha! that's better. so, to recap -- small business owners are heroes, and our heroes help heroes be heroes when they're not eating gyros delivered by -- ah, you know what i mean. ♪ >> welcome back. i'm bob massi, the property man. when the economy crashed in '08, it took westgate resorts' crown jewel down with it. and david siegel? well, he was forced to sell the las vegas ph towers to pay off the mortgage. but he soon set his sights on another historic vegas property. in 1969, elvis presley took las vegas by storm and made the international hotel his home away from home. in fact, he was there before the international was even built, signing a long-term contract while the massive building was still under construction. the international was the first mega-casino to be constructed in las vegas, and elvis played

sold-out shows to screaming fans night after night. in the crowd for those first performances -- guess who? david siegel. >> first time i saw elvis perform, we sat in his booth right in the front of the stage, as close as you and i are. >> yeah. >> he sweated so much that during the show, i kept thinking, "oh, god, he's gonna get sweat on me." but he would pull out a scarf, and he would wipe it off, and the women -- well, they stampeded the stage. i'll tell you. it was like a mad frenzy. >> i remember the first time i saw him, which was in the '70s. i couldn't believe the lines. they wrapped this huge facility outside and around to get in to see him. >> 837 consecutive sold-out performances. >> unheard of. >> it'll never be matched again. >> "the king of rock" played the international for eight years straight, until his death in 1977. >> never had an empty seat. i saw elvis perform maybe 15 times. i saw him when he was thin, when

he was fat, thin, fat. and always gave a great performance. >> fast-forward a few decades, and the international becomes the las vegas hilton before the recession unfortunately forced it into foreclosure. with westgate also losing its las vegas property, david siegel, well, he knew exactly what he needed to do. >> my husband bought this hotel. years ago, he came here, and he couldn't afford to rent a room for one night. and now, with all his success, he comes back, and he bought the hotel. he just bought it. >> there were a half a dozen other companies that were also looking at it at the same time. i was the only one that was gonna keep it open. all the others -- some of them were gonna knock it down, which would have been a tragedy. >> yeah. >> others were gonna close it for two or three years, reposition it, then reopen it. i would not have bought it and have on my conscience lain off 2,200 people and affected their

lives. so, even though it's costing more to do the renovations, that's the way i'm doing it. >> and now elvis is back in the building. westgate has teamed up with graceland to unveil the first permanent elvis exhibit outside of graceland. there are hundreds of never-before-seen artifacts, and the elvis experience, which re-creates his performances with live bands in the very same showroom where it all began 59 years ago. guess what? there's even a wedding chapel. >> we made a deal to basically make this graceland west -- a 30,000-square-foot museum where people could come see pieces of history from elvis that they've never seen before. graceland has warehouses full of items that have never been on display. so, we're gonna be an extension

of graceland. people will be able to see elvis performances with 40-piece orchestras and backup singers and just like if they were here back in the '70s. >> and the towering building itself -- well, it's slowly being converted from the hotel to a giant time-share complex. >> there's 300 beautiful suites included in 3,000 rooms. it's very unusual that 10% of your rooms are suites. we have three sky villas on the roof that are 15,000 square feet each. we took a couple hundred hotel rooms and suites. we're converting them into 80 time-share units. ultimately, over the next 30 years, we will have converted every room in the hotel into a luxury time-share villa. >> what do you think attracts people to time-share? >> during the recession, a lot of people had beachfront homes and condominiums in the

mountains, and they would use them a few weeks a year. and then they would pay the maintenance and taxes for the whole year. time-share -- it's like an airline ticket. you don't buy the whole plane. you buy a seat. you can go anywhere in the world at any time and stay as long as you want or the least amount of time you want. and when you leave, you let someone else worry about it. >> mr. siegel, what do you envision in the future for this hotel? >> we're not gonna have the wealthy people staying here, although they're more than welcome. we're not gonna have the kids staying here. we're gonna have the middle america, the people that shop at wal-mart, people that have basically been ignored. they want to feel like v.i.p.s. >> and, clearly, there are a lot of people who want to feel like v.i.p.s, particularly in las vegas, and westgate's sales have never been stronger. up next, i'm gonna introduce you to a couple who's struggling to save their home, and i'm gonna try to give them some tips to

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♪ >> welcome back. i'm bob massi, the property man. from coast to coast, the real-estate crash devastated millions of people, and even though things have turned around, well, let me tell you. many are still dealing with the fallout. let me tell you about dennis and karen. they worked their whole life. they lost their jobs a few years ago. they're in their mid-60s. and, basically, they can't afford the payment from before. they need the lender to understand their circumstance and to give them the opportunity to keep the house of their dreams that they lived in for 18 years. >> it's home. this is what it is. we read our books. we watch our videos. we go through the things that

normal people do on a daily basis. >> for years, karen and dennis lived happily in their home and never fell behind on their mortgage payments until the first problem popped up. >> we unexpectedly got a message from the insurance company that they would no longer insure the house because they didn't like the roof. in order to keep the house, you have to have insurance. so, we had to take out a loan against the house. >> then their luck turned worse. i lost my job in 2009. they eliminated my job position. >> and not long after that, dennis lost his job, as well. >> things got really bad there for a while after dennis lost his job. we let go of all the pool service we had. we had to let go of the landscaping. >> we cut out the tv. we cut out cellphones, absolutely everything down to the bone. >> we got rid of everything that we could to make the payment. we're selling everything we can. we've sold the motorcycle, sold

the treadmill. we're just waiting for the people to pick it up. >> making their mortgage payment was the top priority. they tried repeatedly to reach someone at the bank who could work with them. >> their staff have a certain script that they read, but you can't really get into actually sit down and speak with anyone. >> we have a record of having been here for 18 years, all of this time. we're not going to all the sudden abandon our property and run off somewhere. we're, i would think, a very good risk. >> this is our home. and it's small. it's only 1,500 square feet -- a household of things that we've collected over our lifetime. it would be almost impossible at this point and time to just pick up and move. when you're trying to contact these people to get a loan modification and get refinancing, you feel unstable. you feel just like you're out there and nobody cares about you. >> your individuality and

integrity is not being taken into consideration by the institutions, and all of a sudden it's being yanked out from underneath you. >> we have always stood up and done the right thing, and we always pay our debts eventually. >> it was time to check in with karen and dennis and help them save their home of 18 years. >> how are you? >> good to see you. >> when did you actually move into this home? >> 1995. >> at some point a few years ago, i think you told me there was an issue with your roof. tell us about that. >> the insurance company sent us a notice and said, "we can no longer insure your home because your roof is too old." >> even though we had had no problems with it before, maintained it. >> and then we tried to get the refinance. >> so, you get approved for your loan. life at least at that point was good. >> yeah. it was right after that when i lost my job. >> right. >> when did you go default on your payments? >> it was right at that same time. it was within one month. >> 2012. >> yeah, one month to that point. >> up to that point, i'm assuming you were maintaining the property.

tell us. what has this forced you to do financially? i see what looks to be a wrapped treadmill over here... >> yes. >> ...a motorcycle. >> well, the motorcycle we had to sell in order to... >> and the treadmill, and we have some other things, like some things in the house that are worth some money. >> how were you treated when you tried to contact the lenders yourself? >> like a number. all they wanted to hear is, "well, when are you getting back to work, and how much money can you pay us, because if you can't, we're gonna find somebody who can pay us." when we had this landscaped, the whole thing looked like a beautiful beach area, and all of that grass that you see that's growing in over there -- none of that was there. it was all sand, all white sand, and the pool. >> a pristine pool. obviously, regardless of the condition, you love your home. >> yeah. >> when people come to me with these kinds of issues, the first question i ask them, regardless of age, i say, "do you love your

home?" "yes, i do." here's the tough part. those who have the gold make the golden rules. and the gold is with the lender. >> yeah. >> and what you have found out is that there is no loyalty. you are nothing more than a spreadsheet of numbers. >> yes, correct. >> in some tower somewhere, you're a spreadsheet. at this point in time, the short sale is not an alternative. bankruptcy is not an alternative. foreclosure is not an alternative. so, we got to go with the loan mod. >> got to go there. >> so, understand that if your loan mod is approved, 9 times out of 10, whatever your arrears are -- penalties, interest, things like that -- they will take that, and they'll put it to the back of the loan. >> right. >> but it sounds like you're close, and you deserve it because you've lived here 18 years, you're good citizens, you're great americans. i'm going to explain exactly what karen and dennis need to do to save their home, when we get back. and we're gonna follow their

story and check back with them in a few weeks just to see what's going on. [ woman vocalizing ] six in the morning. she thought it was a fire. it was worse. a sinkhole opened up under our museum. eight priceless corvettes had plunged into it. chubb was there within hours. they helped make sure it was safe. we had everyone we needed to get our museum back up and running, and we opened the next day. jardiance is the only type 2 diabetes pill proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease... ...and lower your a1c. wow. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing.

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>> welcome back. i'm bob massi, the property man. and now it's time for the massi memo. earlier, we met karen and dennis, fighting to save their home of 18 years. now, they have a few options, but the only thing i see really that's gonna work for them is a loan modification. they need to get the bank to understand their situation and

that it's in their best interests to keep them in the home and do something with their mortgage so they could afford the payment. so, i'm gonna help them with that, and in a few weeks, we're gonna update you as to how it worked out. we also looked at westgate time-shares and their beautiful, new property in las vegas. you know, there are different types of time-shares, and before you buy one, you have to decide which one's right for you. so, let's look at them. the right to use -- buyers can lease the property for a specific time each year. if you have points, buyers can consider staying at various locations. you redeem your points after they've been accumulated. also, what we call floating -- the buyer reserves their own time during a specific time of the year. and a fixed week, which is pretty common -- the buyer is buying the right to use the same unit, the same time every year. but there's always things to think about when you're buying anything. first of all, if you purchase it... this is a contract, just like when you buy a home. understand it. make sure you understand the terms of the contract.

it's a long-term commitment. make sure you understand what costs are involved, maintenance fees, things of that nature. also, ask if there is an owners club or some type of an association, almost like a homeowners association, because what it does, it lends credibility and protects you as a time-share owner. by the way, don't get hustled by a slick salesperson -- i mean no disrespect -- because when you're buying this, make sure they explain to you exactly what you're buying and explain to you all the costs. make sure there's no hidden agenda. and, finally, make sure you understand what cancellation terms are of the contract. most states have a cooling-off period because when we buy a time-share, we're excited. usually, there's a cooling-off period. if you're a creature of habit, well, time-shares will probably work for you. they're meant for people who like to travel, take vacations, and plan out. so, if you take a vacation every year, i think it makes sense for you. you should look into it. that's it for today, but we have much more on our website... foxnews.com/propertyman.

and be sure to send me your questions or property stories at propertyman@foxnews.com. i'm bob massi. i'll see you next week. [ woman vocalizing ] >> i'm bob massi. for 34 years, i've been practicing law and living in las vegas, the center of the recent real-estate crisis. lives were destroyed from coast to coast as the economy tanked. now, well, it's a different story. the american dream is back, and nowhere is that more clear than the sunshine state of florida. so we headed from the strip to the beach to showyou how to live the american dream. i'm gonna meet real people who are facing serious problems, take you behind the gates of properties you have to see to believe, and give you the tips that everyone needs to navigate the new landscape, because information is power, and the property man has got you covered. [ woman vocalizing ]

thanks for joining us. i'm bob massi. [ whistle blows ] lou holtz can be summed up in one word -- a legend. he's best known for his time as coach of notre dame. but he actually brought six different college football programs to bowl games before being inducted into the college football hall of fame. coach holtz and beth, his wife of 54 years, live in lake nona, a section of orlando. one night in june, coach holtz and beth came home late. >> i went up to my office on the second floor. it was very hot. i told my wife, "the air conditioning must be broken." she said, "it can't be, but i'll call on monday." this was saturday night. so, because it was so hot, we went to bed downstairs, where the air conditioning worked. >> at 2:30 in the morning, out of a dead sleep, they woke to smoke alarms sounding and their 11,000-square-foot home fully engulfed in flames. >> we go outside and i look up and i see the flames shooting up. and, you know, you're in a state of shock. you can't believe it. and you're there with your wife at 2:30 in the morning

and just see everything you have. and your mind starts going through everything you're gonna lose, initially. and it's something you never thought would happen. that happens to somebody else. i read it. but it doesn't happen to me. >> a lightning strike had caused the fire, which destroyed their home and many irreplaceable items of memorabilia. >> we had two sections of a house connected by a hallway of trophy cases and memorabilia. the house where we lived, the 6,000-square-- it was completely destroyed. >> you know, when you see the damage that this fire has done to this home -- look at the extent of the devastation of this area. this was the kitchen area. obviously, the roof is gone, burned. i can't even imagine what the inferno was like when they walked outside. >> it first started upstairs where -- everything i had was in my office -- my wallet, my money, my credit cards, my license, all financial records. all the family pictures are gone, pictures with five

different presidents, two popes, pictures with them. you just think about everything you have is gone. >> the coach and beth thanked god they made it out alive. >> what i was grateful for -- no firemen were injured because it was a big fire. but you're sitting there, and you're just saying, "i can't believe this is happening." and you're depressed. we made a decision that till 8:00 monday morning, we will feel sorry for ourselves. but 8:00 monday morning, that's over. >> that's it. >> we're gonna look forward and see what we have to do. what's important now? your house burned down. you lost everything. what's important now? >> they hired ray altieri, a public insurance adjuster. that's someone who works on behalf of the policy holder in appraising and negotiating the insurance settlement. >> we've lost the entire second level above the kitchen. what we had upstairs were rooms that included lou's nest,

as it was called, where he could be alone and just relax. we also lost a large family/game-room area up there that was actually collapsed into the kitchen. we get hired to work the insurance claim from the perspective of the policyholder. therefore, we become their advocate in the process and work with the insurance companies, adjusters, and representatives to fine-tune the exact amount of damages and work towards an amicable resolution for settlement. >> sadly, coach holtz is not alone. there are about 370,000 house fires every year in the united states, which causes $7 billion in damage. many of those are due to lightning strikes. and in florida, well, they're a huge problem. the state has 1.2 million lightning strikes every year. that's 200,000 more than any other state. >> most people think, "certainly, i wouldn't lose my entire building. i wouldn't lose my entire home." but as you can see, this happens every day.

i've been doing this 35 years. and this is a very common occurrence, unfortunately. >> i think how fortunate we are and how blessed my wife and i are to have as many friends as we've had have come to our aid, to have the resources to rebuild. people don't have any idea how difficult it is, trying to replace everything. and where do you go? what are you gonna -- those are the people i feel sorry for. >> so you need to protect yourself before a tragedy strikes. when we come back, i'll tell you what coach holtz wants you to learn from his tragedy and the critical things you need to know right now to protect your property and your family. [ woman vocalizing ] it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does.

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♪ >> welcome back. i'm bob massi, the property man. while we saw the devastating tragedy that coach lou holtz and his wife suffered when their house was ravaged by fire, coach and beth thank god

they made it out alive. and in true lou holtz form, he kept everything in perspective. >> everything you have, from living, clothes, toothbrushes -- just everything is gone. >> gone. >> but we did not lose anything that could not be replaced. the only thing you can take to heaven with you are your children, so we didn't lose anything we were gonna take with us. >> so often, people think this can't happen to them. but it does happen. it happens to people like lou holtz and his wife. it happens to americans every single day, which is why it's so important to understand the type of insurance that you have to make sure you're covered for these type of devastating events. >> now, the insurance company -- and contrary to all the stories you hear about being negative -- has been more than fair with us. but they have been very thorough. >> i will speak for myself, even as a lawyer, have never sat down and really read my policy the way i should. >> [ laughs ] >> did you ever even look at

your policy before? >> never looked at the policy, didn't even know we had one, to be -- my wife handles all that. >> they hired ray altieri, a public insurance adjuster. >> it's one of the smartest things that we did. >> he was actually an advocate for you to make sure that whatever claims -- that if the insurance company pushed back, he would assist in resolving that. >> i wanted to remove all the pressure on my wife that i possibly could. we've been married 54 years, and she's just a great human being. and so because of that, we're in a position -- as i say, because of resources, we could do that. and money buys you time and convenience. buying -- paying this guy gives my wife the convenience to not have to deal with insurance. >> when you see this kind of devastation, the homeowner or the business owner would be extremely devastated and overwhelmed. there's no question about it. and mentally, i find it very hard to believe that they would be apt and capable to fully

represent their own position in the matter, so hiring experts to come in who take an objective look at things, who come from a perspective that, we want to make sure that the insurance policy that they bought works for them. >> there were so many different things that he brought to our attention. i thought, "wow. this is complicated." you know, i went to school to eat my lunch, no other basic reason, so trying to read that was above my head. >> insurance is personal protection if a loss occurs. your insurance agent is your key to understanding what you're buying. look at the house you're buying, the contents that make your home what it is. >> people tend to look at their insurance policy from a cost perspective instead of a recovery perspective. what you really want to know is that you got an insurance company and an insurance policy that is gonna help you fully recover, should you have a fire, should you have a flood, should you have a hurricane or a tornado hit. >> the only time you discover, generally, the exclusion is when something happens. in other words, in every

insurance policy, it's important you understand, before you buy that coverage, what is excluded. >> it's very important that your agent understands the true values of what your home is or what your business is. the inventory that you may have inside your home or your business should be truly understood and the values calculated. >> the thing i truly regret -- that we didn't get a video camera when we lived in the house. video every room of what you had. and we had about 11,000 square feet. and we didn't video. the biggest problem we have now, and time-consuming, is trying to reconstruct what you had in what room, what you lost, everything else. and if we had videotaped it, we'd have been able to do that. but that is something i urge everybody to do. in case of a theft, case of a fire... >> anything. >> ...anything, you have it. 'cause that is the biggest headache we have right now.

>> i cannot stress this enough -- take pictures and video of all the contents in your home and get appraisals on those special items. >> here's the other thing -- buy a fireproof safe. every time i need money, i had a special place for it. >> sure. >> all that's gone. all that's burned. and make sure your fire alarm is loud enough 'cause, the older you get, your hearing isn't quite as good. >> finally, shop the coverage, guys! it's a competitive market. and of course, probably the best advice anyone can get about anything -- try to think like coach lou holtz. >> and at '78, this is the not the challenge you want in life, to rebuild, but that's what it is, and that a situation we have, and these are the alternatives we have. and the best one is be positive about it and rebuild it. yeah, it's a catastrophe. but i think the attitude you have is so critical in how you handle it. oh, how blessed we were that we weren't injured and a firemen wasn't injured.

and harvey mackay's a good friend of mine, told me many years ago, "it isn't a loss unless you can't replace it." >> mmm. >> yeah, the memorabilia and the pictures with the popes and presidents and family, but we have our memories. i always said, "you gonna have three crises in your life every year." there's gonna three. i don't know what they're gonna be, but when i have a crisis, i'll say to my wife, "hey, good news -- we only have two more to go." >> what an amazing man. we could all learn a lot from lou holtz. and i've got more tips on how to protect your property when tragedy strikes in the massi memo at the end of the show. when we come back, something completely different. imagine never having to deal with checked-bag fees, security lines, and airport hassles. for some people, well, their neighborhood, it's its own airport, and their driveway is actually a runway. inside this unique community, when we return. [ woman vocalizing ] ♪ can i kick it?

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♪ >> when deciding where to live, many people want to be close to an airport. but what if your house is your airport? i want to take you inside of an neighborhood that is truly unique. >> the wellington aero club was designed from development in the late '70s to be an aeronautical community. >> located in the village of wellington, florida, and it is a private air-park community. the residents have planes in their garages, in their backyards, in their driveways. >> they may have a helicopter. they might have a floatplane or a seaplane. they could have a corporate jet or an ex-military aircraft. so you see a little bit of everything. >> parking your plane in your backyard is just the best thing i can think of. >> it really enables homeowners to capture what they're to do as

aviators, and that is to walk right out of their backdoor, right into their hangar, throw the bags in, and take off. >> and those backyard driveways, well, they back up to a 4,000-foot lighted runway that sits in the middle of the community. >> many private aeronautical communities are still grass runway. they don't allow the type of aircraft that we are able to land here. >> most of the other aero communities are in desolate areas. it's not where you're in the middle of what we have here. >> many of them are one strip, often grass, surrounded by maybe 20 or 30 houses. this is 275 houses. >> having a runway next to my house just makes flying that much easier, not having to drive, you know, 20, 30 minutes to an airport. >> very few people get to have a plane at all. but most people who have a plane have it at the airport, which is kind of like having a boat at the marina. you have to get all you stuff together, drive to the airport, unload it, put it in the plane. >> no matter where the home is located in the community, well, the runway provides quick and easy access for all.

>> this green grass strip here is a taxiway to accommodate just about any size airplane, all the way down to the runway. >> you literally could get in your plane, go to the runway, and leave, which is like getting in your car and driving to the supermarket. >> from here to nashville, tennessee, it's about a 4-hour flight. in the car, it's 14 hours. >> there are people in here who actually go to work every day by plane, by helicopter, instead of driving. >> i will go a week without driving sometimes. this morning, for example, i woke up at 7:00 a.m. took my kids to the bus stop. 15 minutes later, i was flying my way to stuart. >> yesterday, i brought my plane back from bend, oregon, and landed in my house yesterday at 5:00, put it away, and went and had dinner with the family. >> a trip to key west for three or four days is not a big deal. throw a couple bags in the front, two people, fly to key west. i can get there in less than an hour. it flies about 200 miles an hour, and it's got about an 800-mile range. >> this is a marchetti s-211, ex-military trainer jet.

it's an all-weather aircraft. it can fly day or night, any kind of weather. it cruises at about 375 miles per hour at 28,000 feet. this is like a whisper jet. you can't hear it come or go. so it's really neighborhood-friendly. it climbs quickly, it gets up away from the houses. >> the wellington aero club has over 96 pilots who live here in the community. currently right now, we have nearly 100 hangars, four under construction. >> all homes in the community -- well, they're covered by a homeowners association. and those fees cover maintenance for the paved runway, a pilot house, and common areas. an on-site aviation refueling facility is also available to all the residents. >> fuel hear is a whole lot less expensive than out at a commercial airport, so i always tend to fuel up here when we go and when we come back. >> it's a part of life that people don't even known exists. if you asked people in wellington, some of them don't even know

the aero club is here. >> one of the things we love about here is just the ability to go anywhere. i can grab one of my kids and head to orlando and go to the parks. >> don't have to stop at an airport and check luggage. >> there's no security lines at the airport. there's no getting in your car and showing up two hours early. you just get in your plane and you go. >> walk out the backdoor, go flying, and we're in the bahamas 45 minutes later. it's fantastic. >> you leave out of your house, and you're there, from your house. >> when security means just coffee and snacks for your kids. i mean, to be 20 minutes away from the keys, to just have the flexibility and say, "okay. we've having lunch today somewhere away from home," it is really amazing to have that opportunity. >> you're about to have lunch and you look at the plane and you look at the day and you say, "hey, you know what? let's do this in key west." and you jump in the plane, and you go to key west. >> out the kitchen door, i'm in key west in less than an hour. and it's easy. >> when the plane's 15 minutes away even, you won't do it.

>> pulling up in the plane with your family after a family vacation. your kids all pile out. and you're in your backyard. and your dog comes running up to you. and everybody who comes out of the house. and the bags just go straight in the house. there's nothing like it. it's great. if you can do it, i can't think of a better way to live. >> it allows homeowners this extreme recreational use. and it also gives the community value. >> biggest benefit of wellington for us has been the community itself. >> there's a connectivity here that you don't get in most kind of neighborhoods where you might not know you neighbor on the other side of the community. but here, we're all connected by airplanes and the love of aviation. so you know a lot more people. it's a very social neighborhood. >> when i moved here, it was a grass runway, and jets were not permitted here. i spearheaded the change in the runway to pavement. >> that conversion has changed the profile of this entire community. property values have increased. this year alone, we've sold seven new homes. all of the new homes were all sold to, uh, aviation folks.

>> we love flying. we love our airplanes. and we love to socialize. and it's just -- the combination of that just makes this such a great place to live. >> i don't think it can get any better. >> up next, the massi memo, with information you can't afford to miss, so stick around. [ woman vocalizing ] [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock.

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♪ >> time now for the massi memo. we saw the tragedy that struck coach lou holtz and his wife when their house burned to the ground. but always, the coach, well, he wants us to learn from this. so, other than critical things like always making making sure you have working smoke detectors, what do you really need to know? well, let's take a hard look at your insurance policy. fires are generally covered. but make sure you check the policy for at least what is called an ho2 or a brand form coverage. have your agent preview and review with you the policy to understand all coverage because we as homeowners -- we generally never take the opportunity to read and understand the policy. and find out about the exclusions in the policy, particularly, of course, when a claim is gonna be made. now, make sure your property is maintained in a safe manner to avoid denial of your claim. why? because we as homeowners are supposed to maintain it so

that the insurance company can't say we were negligent in the way that it was maintained, causing the loss. as we discussed earlier, please video all the things in your house. and designate each room and the contents in that room for proof if there's ever a loss. it's very important. be sure to keep this footage somewhere else or locked in a fireproof and heatproof safe. any high-end items, jewelries, furs, antiques, and special heirlooms, you have to have special coverage. or you're gonna be limited to a certain amount, probably much less than its actual value. if you do have a loss, make a claim with your insurance company as soon as possible. don't wait because there's usually time limitations on when you need to make a claim. and also, look into possibly, if necessary, hiring a public insurance adjuster who works as your advocate if your loss is large. that's it for today. be sure to send me your questions or property stories at propertyman@foxnews.com.

and check out our website at foxnews.com/propertyman. i'm bob massi. i'll see you next week. [ woman vocalizing ] od night fr. >> announcer: from riyadh, saudi arabia, a special edition of "wall street week." here is maria bartiromo. maria: welcome to "wall street week," the program that analyzes the week that was and helps position you for the week ahead. an exclusive global financial investment forum featuring the biggest names across the globe and we have them for you today. this is a revolution airive event. the conference aims to bring voices together to lead investment trends that define our future. you will hear from some of the most