Edgar Kosberg

So this is kind of, we run it in parallel.

Roughly about half a million till 1 million.

And are you going to be on a note?

uh it depends on the investors because we are looking for really kind of smart money investor who will come with his potentially his own real estate portfolio plus on top of that network and money so this is depends of how much of these three assets the investor is bringing depending on that we will then see if it is convertible note or this is a real uh investment that goes into pre-seed round

For the first year, you will pay roughly 80% of one monthly rent.

We would take, for example, the average flat or house here in Europe, it costs roughly $1,600 per month.

Then we would get for the first year, $1,200.

Then for the second year, you will pay roughly about 600.

It's 40%.

And then for all years afterwards, you will just pay 10% of one monthly net fee.

But excess of that, you don't have any license fees for users, for software, whatever.

You get all the features always released.

You have all access to the whole platform.

It provides you the full calculation of all the tenants you have inside of your platform.

So you can track who paid, who not, where you need to renovate your house, how you can switch or flap the users, for example, from one real estate to another if they get, for example, a childbirth.

Then they don't go again on the search, but you have another property, which is one room bigger.

You can automatically offer them this as soon as they change their data.

So this is more for connecting really the tenant profiles, where you also manage your data to get much more benefits for your living in general.

Yeah.

So on one side, we have the direct contacts through our huge network.