Montreal Living and Toronto Investing with Jared Henderson

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Podcast Transcription

Georges El Masri [00:00:00] This is Georges El Masri. And you’re listening to another episode of the Well Off Podcast, where today I interviewed Jared Henderson. Jared is an experienced investor. He’s been in the game since 2012, started off in Niagara Falls and later started investing in Peterborough and in Hamilton. And the interesting thing is that he actually lives in Montreal, Quebec, so he’s investing from out of the province. He’s created these systems. He’s got his team in place, and he’s able to do all of this while living several hours away by car. So it just goes to show that you don’t have to necessarily be local. You don’t have to invest in your own neck of the woods. You could always go abroad and make things work, and he’s a perfect example of that. So we talked about how he was able to create a portfolio to build a portfolio while living abroad. I’m going to say abroad, even though it’s not that far away and we talk about the one percent rule. We talk about why he doesn’t invest in Montreal a little bit, but we break down that market a little bit. And then we talk about finally some of the projects that he works on in Hamilton and Peterborough and how he makes that work. At the end of it, we discussed building stock, which is a tool for landlords. It’s pretty much a software that allows you to have everything, all of your tools in one four. As a landlord, you can market your properties, you can collect rents, you can communicate with your tenants without sharing your personal information, so it’s all done on their platform. It’s very useful for a landlord. If you’re interested in finding out more about that. Jared includes this information, but it’s basically Jared at Building Stockholm. I just want to remind you guys that I always appreciate it when you share this. I know a lot of you guys have been sharing it with your friends and family. Be sure to let people know about this. Share the episode on the Apple podcast platform, and please be sure to leave us a five star review so that we can continue to grow and continue to share a good message. Always appreciate when you guys tune in, and I hope you’ll enjoy the episode. Welcome to the all podcast, where the goal is to motivate, inspire and share success principles. I am speaking with Jared Henderson today, and Jared has been investing in real estate since 2012. He focuses on acquiring discounted properties and then transforms them into cash, falling income properties and growing markets outside of the GTA Greater Toronto Area. And he also joined the building stock team recently. And for those that don’t know, Building Stock is a property management software company headquartered in Montreal, Quebec. So, Jared, welcome to the show. I’m happy to have you here.

Jared Henderson [00:02:32] Hey, thanks so much. Thanks for having me. This is great.

Georges El Masri [00:02:34] Great. So why don’t you tell us a little bit about where you grew up and maybe one or two things you remember from your childhood?

Jared Henderson [00:02:42] Yeah, so she’s going back. Born and raised in Montreal, I took a pit stop in Oakville, actually when I was six, seven years old. Family had business over there and then great street back to Montreal. So born and raised here, and just to get back to the positive memories of my life. You know, I love the high school, elementary and high school. I went to see good times playing sports and growing up and making lifelong friends. And, you know, I seem to bounce to other places like Ottawa and Sherbrooke, Quebec, but I always end up back in Montreal. So happy to be back here. 100 percent.

Georges El Masri [00:03:23] Awesome. Yeah, I have a lot of friends that ended up going to Montreal either short term or for a couple of years, and some have moved from sense. But yeah, it’s an awesome place. I’ve been a couple of times. I’ve got some family out there too. So yeah, I guess the next part here is to ask you a little bit about your journey. I’m wondering, like, I’m sure a lot of people, why is it that you invest in the GTA as opposed to in your own hometown?

Jared Henderson [00:03:51] Appreciation straight, straight and simple appreciation. No. But of course, I can dig into that a bit. So I started investing in condos in Niagara Falls in two thousand twelve. So before knowing what I was doing, I bought two condos because property management company said, Hey, look, we’ll rent them out. We’ve already got tenants here, so the rents are already taken care of and you just have to sit back and collect property management statements. And since my biggest fear was taking off, like buying an investment property and it being vacant, I was all about that. So that’s how we started. And what happened is after committing to Niagara Falls, I checked out the other markets like Hamilton St. Catharines and started educating myself as to what fundamentals were causing prices to increase in the area became fascinated with. And you started obsessing with it and educating yourself through books, podcasts and networking and really diving into the fall golden horseshoe development. So it’s been its. Definitely been a journey, I don’t just say that the Rob journey and mindset are being passed around all the time, but it was a journey because I started out near agricoles. Then it took me to St. Catharines, Hamilton and ended up in Peterborough.

Georges El Masri [00:05:14] Yeah, so I know you talked about appreciation in Montreal, and I can understand that probably like in the last 15 years, let’s say aside from the last, maybe three or four. There hasn’t been to too much appreciation, but I know prices have increased quite a bit in Montreal lately. Why do you think that Montreal, as a market, hasn’t really caught up to Toronto or been as successful in terms of the price appreciation?

Jared Henderson [00:05:45] We had political issues here. That’s number one. Our businesses are a bit more fearful of moving here and developing. That’s less a concern the last few years with what’s called it less political uncertainty. But besides that, the population growth in Toronto, I can’t quote you any numbers. I just know that it’s double or far greater. The population growth of Montreal, as well as higher incomes, are made in in Toronto. So as a direct comparison, the reason why Montreal is sort of catching up is we recently started to get much higher incomes. OK, and when the incomes increase, rental amounts go up and then property values are there to follow. So it’s definitely a domino effect. And you’re right, the last three years in Montreal have been fantastic growth and it is a very strong market. I do invest here, but I still concentrate. I am continuing to concentrate in in Peterborough and Hamilton, in the markets that I’m comfortable with today, that I understand well and where develop teams, right? So that kind of support is necessary for growth.

Georges El Masri [00:07:00] Yeah. One of the things that I heard from a friend of mine in Montreal for the reason as to why there hasn’t been as much appreciation is partly because everything is in French and Montreal, so all contracts and everything have to be signed in French. And I think she, according to her, she’s a lawyer. She said that that might be driving certain people away. Would you agree with that or is that maybe not? Not realistic?

Jared Henderson [00:07:27] I think it’s a very small part of the reason, but I think it has an impact, but likely not. It’s not 100 percent doesn’t tell 100 percent of the story, right? I think there’s a few different factors that contribute to it. Rents here are starting to pick up where, you know, we have what we used to have the one percent ROE or try to attain that. I mean, I first learned that through listening to podcasts in the U.S. and we used to like we get we probably used to get it in outside Toronto. And now, since it’s becoming more challenging. One of the things that’s preventing me from really taking Montreal by storm is the rents haven’t caught up to property values, so you know how they always lag while they’re lagging at such a large gap that I can’t make sense of the purchase price. So I simply just don’t buy and I buy in markets that makes sense to me because I don’t believe that I should suffer negative cash flow with the anticipation of appreciation when I can have both in the markets that I’m currently in. So I know it’s kind of funny, but I always get the questions. Adrian Monster Rob What you invest in Peterborough, first of all, is Peterborough. And second of all, why are you doing it? It makes sense if you take a look back at the prices that I bought in 2017, as well as the significant increase in rents we’ve seen there. I can still cash flow there, right? And I think that’s the important fundamental to start out with as an investor. Cash flow first. And you know, the appreciation is something that you don’t really have much control of.

Georges El Masri [00:09:10] Yeah. And can you just in case someone’s listening and they don’t really know what the one percent rule is? Can you just briefly explain that? Sure.

Jared Henderson [00:09:18] So one percent rule means that the monthly revenue that you’re generating the rent on a property would be equivalent to one percent of the purchase price. So a good example would be what I did in Peterborough. In twenty seventeen, I’m buying a bungalow for approximately three hundred thousand and in return, as a student rental, I would get six bedrooms, four or five hundred dollars each per month for generating three thousand per month divide three thousand into three hundred. You’ve got your one percent rule. Anything in excess of that is what is great cash flow. One would consider a normal interest rates and the reason why people can get away with it now without hitting that one. Sent roses that we’ve got sub two percent interest rates, which, you know, helps her cash flow right. In addition to half the mortgage being going into your savings account and principal pay down, we have lower mortgage payments. So this all wouldn’t work at the level of appreciation that we’re seeing without lower interest rates. Yeah.

Georges El Masri [00:10:24] And to go back to the Montreal market in general, from what I’ve heard, I’m not an expert, obviously on the Montreal market, but I believe that rent policies are very difficult for landlords in Montreal because from my understanding, there is a cap to how much you can raise rents. But the difference between Ontario and Quebec is that in Quebec, when you have a turnover, you can’t increase it to market rent. You have to go by what the previous rent was an increase it by the allowable guideline. Is that correct?

Jared Henderson [00:11:00] I will admit that I’m not the expert in combat, but I have. I have heard that where I believe you are able to increase them to market rent if it’s if there’s a fall, if there’s a full turnover, but there is some contingency factor that you what you’re suggesting is correct. There is a middle ground that I’m unclear on, but in in short, it’s similar to Ontario in that if there is turnover, you can increase it to market rent and we are more limited by whatever it is, one point five percent or two point. Whatever percent per year, based on the provincial mandate on rent increases, so very strict, very tenant friendly and, you know, there are positive attributes to that. But like I said, the reason that I haven’t taken the full dove here is that perhaps I haven’t found the right market right where the cash flow makes sense, sure. And. That that’s kept me concentrating and in Peterborough and Hamilton.

Georges El Masri [00:12:11] Yeah, that makes sense. So what are some of your goals now and how are you able to manage investing outside of your province and be successful?

Jared Henderson [00:12:23] So my goals are twofold. Number one is to keep burning houses in Peterborough and. And number two, to continue buying multi units in Hamilton. I work with a partner who chooses to remain silent for obvious reasons, and in Hamilton, where we’re working on several projects with money partners and we buy off market deals, rehab reran refinance and buy the next one. So just doing what I’m doing with single family homes and just on a larger scale, and in Peterborough, the BR process is the main way I generate be the growth. I started out with two rentals there, as you know, with student rentals, sometimes there are limitations on refinancing. And so since the markets appreciated well in the last couple of years, I’m now converting all the student rentals into duplexes, right? So I rate. I buy raised bungalows. I produce a second unit downstairs in 100 percent legal to code with the city. We refinance and I’m there buying the next one, so it’s basically just scaling out that way.

Georges El Masri [00:13:41] Yeah, and that’s awesome that you’re able to do it. So the second part of the question was, how are you doing it successfully? And I’m wondering, like, how are you managing these renovations and doing all that while you’re in Montreal?

Jared Henderson [00:13:54] I just asked them to send me pictures, and we’re really.

Georges El Masri [00:13:58] Now, whoever else do you come down now?

Jared Henderson [00:14:02] Not anymore. Really. I’m half joking, but like I said, I’m only half joking in the sense that you can actually do a lot remotely. Yeah, the key is to build teams that you trust. So this has been a process. I didn’t wake up yesterday and say, I’m going to buy 10 houses in Peterborough and just, you know, pick a contractor from the phonebook and the property manager from a referral and build it out that way. Now I started and I started a few years back with student rentals and started developing teams. So strong real terms. I’ve also done fliers for all to access off market deals. I’ve dealt with a few different property managers, a few different contractors. I am at the point right now where I can identify a property, a property manager and a contractor. And right there you have your own little business, right? So my strength is acquiring either off market or under market priced homes that fit the bill for either a student rental or a second suite. And I can identify who’s going to take the project from three beds and put in three additional bedrooms based on the layout. Extra washrooms and just maximize utility of about property in order to generate the maximum cash flow.

Georges El Masri [00:15:34] Mm hmm. Yeah. But it’s awesome that you’re able to do all that, and it seems like you’ve created the system and every single time you’re doing the same thing with these properties, so you identify exactly what you’re looking for. You know the prices because you’re active in the market and then when you find it, you grab it. You do the same thing to it. The renovations fill it and then move on to the next project.

Jared Henderson [00:15:56] Yeah, I wish. I think it’s not as though I don’t get excited about these projects anymore is that if you know your if you know your cookie cutter process, it’s your responsibility to buy that next property and execute right? Because deals are, as you know, becoming tougher and tougher to come by. So where I also have a strategic advantage is that, you know, I don’t I make aggressive offers on properties that that do fit the bill because I often find that many investors or potential homebuyers might be a bit too conservative when it comes to either an inspection. Most things can be solved with a bit of money, depending on the issues that they have right now, because plenty of houses that don’t fit the bill for people, whether they just they don’t look right, they don’t smell right, they don’t have enough bedrooms or they seem too small. And they don’t have the vision to maximize the square footage and understand that usually, you know, 10 or ten or twenty thousand dollars in cosmetic upgrades can get you a big lift in look and appeal and tenant profile. So that’s what I like to focus on.

Georges El Masri [00:17:13] Yeah, absolutely. Can you tell us a bit of what you’re looking for? Let’s say you’re looking in Hamilton. Are you looking for when you say multiyear, you’re talking about like three units or are you talking about seven units? What’s the typical project like?

Jared Henderson [00:17:29] I’m looking for four, six and up to get commercial financing and similar processes. Peterborough it is essentially a birth right where we’re looking through tenant turnover to increase rents, increase the value and then refinance the property and buy more. And this is a bit of a new venture for me. It’s only been a year, but I do get the process I network with. Many people were very successful on it and it’s more in line with my mindset. Some people say is not I’m just a math guy. And so if the numbers make sense, then you can take that objective approach. You know, often people get too emotional with properties. Think about reasons why they shouldn’t do it. With what we’ve seen in Hamilton, I think it’s been eight percent year over year rent increases for the last, I don’t know, 10 or 15 years. So what else do you need to know? It’s a growing market. It’s next to Burlington, which is much more expensive. It’s close to Toronto, it’s hyper gentrifying. And when you have a deal, you pick it up and run with it and make it work. There’s no there’s no gifts being handed out.

Georges El Masri [00:18:46] Yeah, absolutely. Yeah. If you know,

Jared Henderson [00:18:48] if you know anyone who’s giving them, please put them in touch with me and I promise I’ll buy.

Georges El Masri [00:18:52] Yeah. So these are these six unit six plus unit properties that you’re looking at. Are you getting them vacant typically, or it doesn’t matter to you, like you’ll assume the tenants and do the work anyway?

Jared Henderson [00:19:06] Sometimes we’ll get a unit or two vacant and we’ll put that as a condition in the purchase and sale agreements. And often it’s the case where, you know, when working with property managers, they don’t mind having the conversation with the tenants or finding alternative places to stay if we can find a Win-Win solution, right? Often there’s other similarly priced apartments in the nearby area and you know, well, we’ll have discussions with the tenants and, you know, to be honest and incentivize them to move somewhere else. Mm.

Georges El Masri [00:19:47] Yeah, that’s fair. Yeah. Obviously, you’re doing amazing things. You seem to be very knowledgeable of the market, especially being from Montreal. How so? I know we were the second part of this thing you hear is building stock. I know that’s something that you’ve recently you’ve recently joined the team there. I just wanted you to share a little bit about building stock and how it’s helping you and helping. Other property owners.

Jared Henderson [00:20:14] Yeah, so it’s funny, I actually met Jonathan McGough about five or six years ago and some networking thing in Westmount here in Montreal, and he told me about the business and I always I was always very curious because being passionate about real estate and understanding how a software can basically just synergize your operation and allow you to scale much faster than a paper based way of managing your properties, it was always a curiosity to me. And so we reconnected recently and the opportunity came up to try to join the team, and I’ve been really excited to promote it to everyone. I know my property; all my property managers use it now. They were using it before I joined the team because they heard about the software and how it helps on the marketing and communications. So it essentially helps. Companies market vacancies well in advance, manages all their properties and buildings and tenants, and provides a centralized hub of communication instead of, for example, on the marketing end to create one, add several different times and publish it on several different sites. We’ve got a function that automate stock where you can just virtually create at once. And our system pumps it out to several of the most popular websites for free rentals and on the communication. And we have a quarter were the owners, our employees and the tenants can all communicate on a centralized hub. So let’s say the toilets leaking and there are the attendant needs to communicate with the landlord. They can do it online. It’s all time stamped, recorded and acted on very quickly and in a centralized way. Because what happens is that many investors and I’m one of them, they start out with one property, they get to five, they get to 10. Pretty soon you’re going to start wanting some privacy for those who are managing their places on their own. They don’t necessarily want the tenants calling them. They don’t want their personal emails or texts or calls late at night. And in order to keep that arm’s length, it’s important to have a centralized way of managing your properties and building stock provides just that. So there’s nothing better than promoting something you believe in, right? And that’s what I get to do every day.

Georges El Masri [00:22:49] Yeah, for sure. I definitely agree with separating your email and your personal phone number from your tenants. I remember, like the first property I had, the tenants had my phone number, but ever since then, nobody’s got my cell number. I don’t want to hear. I don’t want to get calls at 10:00 at night or 9:30 at night from a tenant, so I definitely agree with you on that. So that’s great. And building stock, is it more geared towards property managers because you’re talking about a lot about the advertising aspect and that type of thing? Or is it also something that’s useful to that individual landlord that might have one or two properties?

Jared Henderson [00:23:28] So are they individual landlord that has one or two properties? It is of some use, but it’s not an ideal fit in that what we’re geared for is managing a portfolio of properties, right? So. It’s as though you’re outgrowing your operations when you’re 10, 20, 30 units and you’re using Excel and Google Docs and you’re using your personal Gmail. Right. So what we’re focusing on is basically 10 units and up from there, you’re your listeners can sign up for free and access free op online rent payments. And if any of them want to connect with me and get a demo and understand what we have to offer, please reach out my Gmail. I’m sorry, my work email now is Jared Ad Building Stack dot com. You can also reach out to me on Instagram at age fifty five. Be happy to chat about it. Show you what? We have to change your question. Can someone who owns a couple of properties use it? Yes, but it’s an ideal fit for those that are approaching 10 units or more. Hmm.

Georges El Masri [00:24:39] Got it! OK, perfect. Yeah. So just to kind of recap, our building stock allows you to kind of amalgamate all of the marketing into one space so that it blasted out to the different platforms. And then it allows the tenants and the landlord to communicate on the building stock platform as well so that you’re not giving away your personal email and phone number. And finally, it allows you to collect rent from your tenants through methods like preauthorized debit and potentially a few other ones basically for free if you have. If you meet the qualifications, building sex qualifications is able

Jared Henderson [00:25:18] to do it through. Excellent summary fee The three payment options are credit card debit and bank and bank is the most affordable. Owners can set it up, so they’re big on a small fee themselves, and the tenants actually don’t pay anything at all. And it’s just a great way to log into your account. See who’s paid. See who hasn’t. You know, you don’t have to memorize any passwords. For those who are sending money or worry about online transfers from one account to the next. Okay, so my position as an owner is I’m communicating with my property managers and I’m able to see through the owner portal what’s going on with all my properties in different areas. So it gives me a great overview of what’s going on my portfolio.

Georges El Masri [00:26:06] Yeah, there you go. Perfect. So is there anything else you would like to cover before we move on to the next section?

Jared Henderson [00:26:13] No, all good. Ready to go.

Georges El Masri [00:26:15] Perfect. So I’m going to ask you five random questions. This is the random five and you just tell me the first thing that comes to mind. OK. OK. Number one, what are you interested in that most people aren’t?

Jared Henderson [00:26:31] What am I interested in that most people are? You know, vacancy rates in different areas of random towns in Ontario. I am a numbers guy, so I like to geek out on the numbers, understand rent increases, vacancy rate, migration, all these factors that contribute to real estate metrics.

Georges El Masri [00:26:56] Awesome. That’s what makes you a good investor.

Jared Henderson [00:26:58] Don’t make me say that again.

Georges El Masri [00:27:00] All right. Number two, what smartphone feature would you actually be excited for a company for? Sorry to be implemented.

Jared Henderson [00:27:09] Smartphone features, so like I get to create an app right now.

Georges El Masri [00:27:13] Yeah, a feature or I guess an app for your smartphone that you’d be excited to be implemented.

Jared Henderson [00:27:20] To be implemented, OK, so. Wow. You know, I go on about ways, it’s my favorite. I mean, I don’t know how I survived without it before because I decide where I when and where I want to speed which way to go. Yeah, she’s. But that’s a tough one. Can we come right back to that one?

Georges El Masri [00:27:47] Well, how about I am sure I’m going to answer it on your behalf? Sure, I’m an iPhone user. I would like to have scheduled text messages. I hate that. I can’t do that schedule.

Jared Henderson [00:27:57] OK, so you get to like prescheduled text, outgoing text that you’re going to send?

Georges El Masri [00:28:03] Yes, exactly. Yeah, that would be my request there for that

Jared Henderson [00:28:08] because you have an idea at a certain period of time, but you don’t want to send it right now. You want to send that and you know. 10:30 a.m. Yes.

Georges El Masri [00:28:17] Or if you need to remind somebody of something, you know, you could just preschedule that reminder and send it out, right? Something like that, right.

Jared Henderson [00:28:26] Yeah. Oh, I got a good one. And this is going to be very advanced for all my appliances or any major part of my property that requires preventative maintenance. I want push notifications on those. I don’t even want a property manager. I want a robot to push a button to me, say, Hey Jared, have this office inspected so that you don’t pay three times as much in a month from not get it done now?

Georges El Masri [00:28:54] Yeah, that’d be awesome. Yeah. OK, so number three, what’s the funniest comedy skit you’ve seen?

Jared Henderson [00:29:01] Arthur, way too many, I mean, I can go back to. You’re making me think of Will Ferrell or kids in the hall. OK, I’m a big Will Ferrell, Bruce McCullough fans. Almost anything they’ve ever done. She’s. And I have to name a specific sketch.

Georges El Masri [00:29:20] Does it matter? These are just random questions, so I think your answer will work.

Jared Henderson [00:29:24] Yeah, well, there was, you know, there’s someone something that’s coming to mind right now. There is. Is it Tom Foley? From kids in the hall, he’s got a sketch where he’s talking about, he’s threatening the whole town that left a mark on his looks. And we’re going back 30 years, so I know I’m going to date myself. But he has a funny line in it where he claims that he used to live in Bobby Orr’s house and made you feel very Canadian. So I’ll share it with your listeners after. If they’re interesting, it’s one of the funniest things I’ve ever seen. Cool.

Georges El Masri [00:29:56] Cool. Yeah, they could reach out to you on Instagram, and I’m sure you’ll share it with them there. Number four, What’s the most ridiculous thing you’ve ever bought?

Jared Henderson [00:30:08] Oh. Ridiculous. She’s I have to go back to a younger age. I’m way too practical now. I go through a whole decision making process with almost everything I know. Oh. Most ridiculous thing I ever bought. I’m going to come back to that, OK.

Georges El Masri [00:30:37] Number five, what was the best thing that happened to you today?

Jared Henderson [00:30:43] The best thing that happened to me today. Well, it’s my fiance’s birthday, so I love you, Joe, and I’m happy we’re together celebrating at a nice dinner tonight. So the best thing that happened to me today is I woke up next to my fiance saying awesome and just get to enjoy your day with her.

Georges El Masri [00:31:04] Yeah, that’s great. The funny thing is, as I like reviewed the questions, I thought of the exact same thing with my wife that that’s what I would have answered. That’s how I would have answered that question. So there you go. Yeah. So do you want to go back to number four? I know it might be a little bit challenging. What’s the most ridiculous thing you’ve ever bought? It could be anything. Just tell me something ridiculous doesn’t have to be the most ridiculous.

Jared Henderson [00:31:29] Oh, by the way, by.

Georges El Masri [00:31:32] Maybe some clothing you got at some point you tried like a certain style.

Jared Henderson [00:31:37] Oh, yeah. Oh, I’m sorry, I’m pulling a blank on this. No, I’m not. I’m not shy about energy this time. I can’t think of anything that sticks out.

Georges El Masri [00:31:49] Yeah, well, I bought I bought shorts once when I was in high school, that looked like kitchen towel. So that’s what that’s what people were telling me. I was dressed like the kitchen towel.

Jared Henderson [00:31:59] Oh, nice. I mean, you go, you go back and you see the styles that were popular back then. Yeah. I joke about it with my girl. Everyone’s wearing super tight clothing right now, and I was a bit of a skateboarder back in the day, going back to my teens. So I mean, you know, in terms of ridiculous things are by those big, big baggy jeans. There was a stupid fad where you have a chain attached to your wallet, attached to your belt buckle. Yeah, I went through a little bit of that. So it’s almost the characters you were who said of the things you bought that that are funnier.

Georges El Masri [00:32:37] I don’t know about you guys, but when I was in high school, there was a thing where I like the skater guys were wearing women’s jeans. I don’t know why.

Jared Henderson [00:32:47] That’s nice. I don’t know. I don’t get that. OK, women’s jeans are what was what was the stick? Was it a joke?

Georges El Masri [00:32:54] No, no. It was like, you know, like skinny jeans. But I guess the skinny jeans for men weren’t skinny enough, so they were wearing women’s jeans. Oh boy. Anyway, that’s that. Yeah, yeah. So, yeah, I think that’s it. So do you want to just tell people how they can reach you? I know you already covered it and what services you provide.

Jared Henderson [00:33:14] The stupidest thing I’ve also bought before just these expensive sunglasses. They’re either broken or stolen or lost. Yeah. Three months after I buy them, remind me never to spend over hundred and fifty dollars on a pair of sunglasses up here. That’s dumb. OK, and at least the phones are free once they get you on a contract, right? But they do these sunglasses never again. OK? Sorry, I cut you off there.

Georges El Masri [00:33:40] Yeah, no worries. No worries. So Jared at building Stockholm and what services do you provide?

Jared Henderson [00:33:47] Yes, we provide marketing and communication for any, any company that’s interested in integrating a full service software for their real estate company, also accepting online payments. And we walk to the tenant through the whole journey so that the marketing thing is attracting the tenants. Once they’re in, we’re connecting them with the leasing manager. We can also go through credit checks and be straight on our software. So it takes the whole onboarding process from the beginning to the end. And then communication is the last factor where we’re able to communicate between owners, employees and tenants in real time, time stamped and just have a centralized form of communication so that everyone’s on the same page. Nothing’s disjointed and fragmented. And that’s fantastic opportunity to just showing you one. Whoever is interested, just reach out to me. Don’t hesitate.

Georges El Masri [00:34:51] It’s awesome. Jared, thank you very much. It was great having you on, and I look forward to talking with you again soon.

Jared Henderson [00:34:58] Awesome. Thanks to our don’t buy any expensive sunglasses in the meantime. All right.

Georges El Masri [00:35:02] Sounds good to take, Erica. But as always, thank you for listening. I hope you enjoyed the content. And if you did, I ask you to share this with a friend, with a family member, somebody who might benefit. And it’s always appreciated. If you could leave us a review, especially if you’re listening to it on the Apple Podcasts app or if you’re on YouTube, give us a like subscribe comment and your support is always. Appreciate it. Thank you very much.

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