Kurt Averall

Your friends and family walk in.

When we buy the homes, they're high-end.

Then we also furnish the homes

and with high-end furnishings and hand it over to the owner group, totally turnkey.

At that point, we manage the property so that we abstract all of the work that comes with a second home away from the ownership group so that they can just enjoy their vacation, but while still retaining that ownership and the asset that can appreciate over time.

That's the one-eighth ownership.

That's right.

What that does is it gives you six weeks out of the year at that home.

And if you wanted to be there six months out of the year, you buy half the home instead of one-eighth, which we have some customers who do.

Yeah.

So for most of our homes on the marketplace, we actually go in and buy the home.

We have a pretty good, um, sense of what our buyers want in their homes.

And, um, so we go buy the home in the first instance, and then we then market the home to, uh, you know, to the buyers.

Um, in this case with the home in, in Palm Springs,

That's a potential bias.

We have two different categories of homes.

We have homes that are for sale.

So you can look in Newport Beach.

You'll see some there.

Those homes that are for sale are homes that we actually own.