 Good evening and welcome to episode 173 of the Private Property Podcast. I'm your host, Uzaman Dunwar Kumalo. It's a Friday edition of the Private Property Podcast and I do hope if you're joining us for the first time, you're going to go back to some of our old episodes. You've certainly missed out on some great episodes. So you want to make sure that you go back and catch up on some of the great content that we have brought on your screens. And talking about great content, I never come alone. Of course, we have various shows across these private property social media platforms with, of course, the Private Property Podcast screens every single weekday at 7 p.m. And on Wednesdays, we bring you the first time home bias show with SD Klassen and that comes to your screens at 7.45. And we don't forget all those who are interested in all things agriculture and farming. We bring you the farming podcast on Tuesdays and Thursdays at 1 p.m. with Umbali and Yoko. And over the weekend, Chad takes you through some of the best estates that the country has on offer with the developer show. So if you're ever on the market or certainly exploring agricultural interests, we have all the shows that can help you navigate that. And something else that we have here is a big giveaway. We love givingaways, whether it's money, whether it's airtime or any kind of other gifts across our social media platforms. And on the Private Property Podcast, we're doing a great giveaway where we have a competition running called Questions for the Champions. And all you have to do for Questions for the Champions is make sure you get four of your friends and family members, form a team of five, give yourselves a unique name. Make sure then that you also watch the Private Property Podcast every day at seven o'clock. And when you hop on the live, make sure that you make yourself known. If you give yourselves the team name, for example, hashtag team YOLO, they were the winners of yesterday's competition. Then make yourselves known when you join the live. Then wait until the end of the episode, where we will be asking questions that are based on yesterday's episode. And the first team that answers all five questions that we have correctly, walk away with 1,500 rounds. So it's that simple. You give yourselves a team name, you all watch the live, and then wait until the very end and start answering the questions. Of course, you want to make sure that when you answer the questions, you say what team name you're in so that we're able to verify the results. We always announce the winners the following day because we always want to verify and make sure that we are giving away the money to the right people. So it's that easy to walk away with cash right here across the private property, social media platforms. You're also running other competitions on our social media platforms. So you want to make sure that you're following us on social media, follow us across our social media platforms, and you'll be in touch with which competition we're running on which platform. And of course, if you want to get in touch with me, I'm on at Zamanthungwa underscore on Twitter as well as on Instagram. Well, to get us started on this evening's conversation, it is a Friday. We love talking property and I think it's such a great topic to get into just before we get the weekend started. If you've already started your weekend, perhaps you've got your you know, glass of bubbly or your bottle of beer as you're watching as well, you're certainly going to, you're certainly in for a treat. This evening we're looking at five simple budgeting techniques you can adopt to prepare for your property purchase. We know that oftentimes, you know, we sometimes don't quite know where to start when it comes to our property purchase, whether it's our first property or perhaps it's the second or third, because sometimes you buy the first property, you thought, look, this was actually quite easy. By the time you want to, you know, get the second and the third because the property bug is real and it does bite, you kind of forget some of the things that you did the first time around. Because you're so overwhelmed with the whole process that you kind of forget some of the basics that you need to be able to do, that's going to set you up for that property purchase. And I'm in conversation with somebody who needs no introduction to the private property podcast team, certainly viewers at home. And that is Echo Quagrin, who is the co-founder and CEO at the Grand Holdings. Echo, good evening and thank you so much for joining us. Good evening Zama. Thank you for having me and thank you to your viewers as well. Echo, it's always so great talking to you because you are the man who understands finances. I mean, I always say that property is finance and when you have a fundamental understanding that it's finance, you need to see where the money comes from, see where the money is going to. So you need to have a very clear sight of the money, then you begin to understand, you know, property. As much as there are all these other things that come into the property game, whether it's managing people, managing the tenant, but it's fundamentally about finances and understanding the flow of the money. And let's perhaps go through, you know, the first, perhaps if you were to share with us what you would consider the most important budgeting technique, we need to actually be mindful of when we're looking to buy a property. Okay, so to me, I think for status, to make it simple for the viewers, we should, I think, start with what budgeting is. So to me, according to the dictionary, budgeting is an estimate of income and expenditure for a safe period of time, right? But according to me, this is my definition of budgeting. Budgeting according to me is a strategy I use to make my money know me, like me, trust me enough to make me more money. And that's what I would like people to adopt, because then take out all the jaguars and then just make it simple. I use simple five basic techniques of money, budgeting. And this is what I did to escape the right race. This is what I did to quit my job as a banker and now being a serial investor. And basically, one is the necessity bucket. So I use five different types of buckets because and why do I do that? You need to, budgeting is not one size fits all and you don't have to have one size approach. You need to have mind techniques might be different, but you need to have purpose, the purpose why you're budgeting. To me, a budget on five purpose, which is necessity, legacy, legacy border, which is the financial freedom bucket, education, entertainment, charity, and so yeah, so it's five. Education, necessity, charity, financial freedom, and, and, and entertainment. For status, how do I do that? So assuming that you've got a hundred rent and that's the income that you've received for the month, what I do is that I allocate 55% to my necessity bucket. Necessity bucket includes my school fees, if I, for my children, my mortgage bonds, entertainment, what you, mortgage bonds, all the necessary things that get you to survive. So your electricity bill, your phone bill, whatever that you need in your day to day affairs, that is what the necessity bucket is. Then I move on to my legacy, which is the financial freedom bucket, which is money, I basically, it's not for me, money, I basically save away from my children. And normally that's the money I use to invest in properties and I call it the legacy border. And, and, and that's, that's, that's one thing. Then you move on to your education budget. You cannot be financially free. You cannot manage your money properly if you don't educate yourself. And I'm not talking the formal education. It could be formal education. Maybe you want to finish up your MBA. You, you want to, you've got some purpose. You want to learn something. You want to, anything that you want to learn, that's from parts of education. But normally what I do is I get to books, go to seminars, go to classes. If I want to set up businesses, I need to go check similar businesses, the competitors, what they're doing out there, go to seminars, educate myself to know what kind of systems that I will use in terms of scalability, how to leapfrog and not get caught in, in a rat race. So that's what education is for. And, and my favorite, which is entertainment, you know, or work hard, or if, I believe in a system where it says work hard, play hard. So, so the entertainment bucket is then I allocate 10% to my entertainment bucket. And that's basically if I want to travel, if I want to go overseas, if I, if I have a, let's say a car that you want to buy, anything that's playful. That's what I put that money aside for. Then we move on to charity. Charity is very dear to my heart. I believe in that we share, I believe in the power of leverage. The power of leverage basically meaning doing more with less time. And when you make that, you also need to share. And when you share like what we're doing now on this platform, that is, that is sharing. And that's charity, that's spending time, your time to educate South Africa and educate people that there is ample possibility for you to do whatever you want to do. And whatever you set your mind on. Normally what I do is that on that education, on the charity bucket, I split it into two, which is 55% goes to church and 5% goes to normal people. Like maybe any, any charity program out there or just basically buying food, giving it to a street kid. That's, that's, that is in a nutshell how my budget looks like. So, you know, I think I quite like the way that sort of differentiate the way that you go about budgeting. How do you then sort of tie that into your property decisions? Because I'm sure people are like, okay, we understand the different ways that you make your money essentially work for you. So how do you then kind of use the way that you kind of, we'll say, sectionalize the money in the ways that you now are essentially budgeting for property purchases? Because I know that you're quite bullish in, you know, acquisitions. How do you then use that principle to help you acquire the properties that you want to acquire? Okay, so then I spoke about leverage, right? So that, that money I put aside, which is the, which is the legacy border bucket is normally when you're buying from the bank, they, that's a, that's a term called, we need to see, you need to put a skin in the game. We need to, we need to know that you are serious about what you're doing. And if you believe in what you do, then you need to contribute to what you do. And in the business terms, we call it equity. You need to, what, what, how, how much equity do you have to put in the game? And that's what that legacy, legacy bucket is for. So normally on a business level, the bank will say, if you want to buy, again, at 100,000 worth of property, you need to at least put 20% in, because now you're, you're, you're heavily exposed to property and they want to see that you're contributing more. So then I will put that 20,000 that I've saved with my legacy bucket to leverage of the bank. And it's very crucial. If you want to be a serious investor or a tycoon investor, property investor, you need to, you need to use a lot of debt and that good debt to, to grow your books. And this legacy bucket is really crucial because like they say, cash is king. So you need to be able to save up money. And that's another thing. Cash flow is another story that we're going to talk about, but you need to be able to save up money so that people can trust you enough. Remember, budgeting is simple. Make my money like me. Trust me enough to make me more money. And the bank will trust you enough if you know how to manage your money properly. So if you, if you take credit, for example, you need to be able to pay that back. So that's all techniques of managing money. And that's how I tie my budgeting into my, into my property business. I wanted to take a quick break. And when we come back then Echo, I want us to actually go through some strategies that our viewers at home can then start implementing, especially those who already have their primary residence and are perhaps looking at adding a, an investment property and essentially as part of their property portfolio how they should start thinking about the way that they view money, how they should be budgeting for the money and practical tools that they can use in order to be able to do so. I know that we tend to cater quite a lot to first-time home buyers. And of course, if you are a first-time home buyer, then the first-time home buyer is probably the best show that you want to make sure that you tune into. We've also looked at, you know, first-time home buyer and quite, quite significantly and the various ways that you need to position yourself in order to be able to buy that first property. And oftentimes for, certainly for a lot of us that first property is your primary residence or property that you yourself are going to be living in. But this evening, really interested in people who already have that primary residence are perhaps exploring adding that additional property. Perhaps you want to take advantage of the historically low interest rates next year and are trying to figure out how you should best be budgeting for it to set yourself up perhaps making that acquisition late into Q1 or perhaps going into Q2. And maybe you've already started saving up a little bit because you already know that you're going to have transfer costs and bond registration costs and those kinds of costs involved in a transaction. And now you're really trying to best figure out how you should be structuring your property portfolio because this is probably going to be your first rental property. And just the different ways that you should be thinking through about it. Now, we're going to go for a quick break and we'll come back from this. I want to hear from viewers at home who already have rental properties. So this isn't for if you only have a primary residence. Maybe you've got one, maybe two, maybe even more. How did you go about saving up for that second property? Because sometimes you must put down that 20% deposit. Maybe it's quite an expensive property. So even the transfer and costs were quite hefty. What strategies did you use in order to be able to best budget for your rental property? Do share your experience with us down here below and we'll be back just after this. Okay, decision of the private property podcast. I mean, this is a month ago. You can see we always have our tech issues coming onto the table making sure that we move the light to have the best lighting possible. And this evening, one of the best things, of course, that you also want to have is to have your budgeting story on lock because it is the festive season. And perhaps, you know, if you survived the Black Friday and the Cyber Monday urge to buy certain things, Christmas is coming up, New Year's Eve is coming up. And as much as I'm sure, I'm certainly hoping that a lot of you are going to be staying at home and not going to a Lally need to a family and you're going to stay at home and also make sure that you keep the family gathering as small as possible. It's so easy for us to get off our budget or to certainly blow our budgets during the festive season. But if you have property ambitions, one of the things that becomes so crucial is to always stay on top of your budget. And I know it's so difficult because I struggle with it myself. I just I wing it most of the time. And I think it's probably great because I don't have a very long expense list. But unfortunately, not all of us have that kind of discipline. And that's precisely what we're talking about this evening. We're looking at, you know, simple budgeting techniques that you can adopt to prepare for your property purchase. And I'm joined by Echo Quagrin, the CEO and founder of Big Grand Holdings. We are taking your questions and comments. I want to hear from home owners who have already bought their primary residence and perhaps have one or two or even more rental properties. How did you go about saving for your first or second or third rental property? What were some of the strategies that you used in order to be able to save up for them? Now, remember later on in the show, you can look forward to the competition that we're running. We're running questions for the legends. And I'm sure that many of the teams that are watching us right now are eagerly anticipating the questions that we're going to be asking later on. Well, stay put, we will be asking those questions later on. We're also going to be hearing from AC Klassen who'll be telling us who the lucky winner is on one of the other competitions that we're running on our social media platform. So we're always giving away money. And if you want to have a piece of that pie, then do make sure that you find out all about our competitions on our social media pages. Now, Echo, you know, to come back to you, I did say I want us to then look at when we're dealing with people who already have their primary residence. We've already, you know, bonded your primary residence and let's say whatever number of years that you are in that bond, but you're now looking at adding an investment property. How should we be looking at how we go about budgeting for that investment property and making sure that we set ourselves up in the best possible way to also be able to potentially scale the property if that's, you know, something that we want. I know not everybody has ambitions of having 20 properties. Some people are okay with just, you know, having two or three and that's okay. So they're not trying to have this big property empire. And that's fine. You know, I think you want to have something that works for you. And if two works for you, that's the street spot. That's perfect. But how do we then get people to, you know, getting that first investment property and then that second investment property? Okay. So cool. I'm glad you've asked that question because that's a good question. And for you to start in terms of getting, going about getting your first investment property. So let's, let's assume that whoever is buying has got their own property or even if they don't have their own primary residence property, you're going to buy your first rental investment property. And what you need to look at is your cash flow. And that ties into budgeting. So your cash flow and how do you go about, and I always say it's simple terms. If the bank is willing to give you two rent and they ask you to pay them back three rent, you need to find that person that's going to give you four rent so that you'll be able to save a rent. And why are you using, and we go back to that 80 to 80 principle. So why are you saving that rent and that precisely this. So the most important number you have to look for, and that's something I've explained, you know, extensively in my video that's come, that's being released tomorrow, which is how to calculate your ROI, why the ROI is the most important number or equation in business. And it's not only property, it's also business. You need to, you need to understand what an ROI is and how to go about calculating your ROI. So viewers can watch and I know I've got a lawyer community on your platform. They can look forward to that tomorrow morning. It will be released. They can look at that. But again, your cash flow. So your cash flow is important. And, and that's how you need to look at things. So first, you need to do your research. You need to understand what you're doing and then tie it back into the budgeting. Remember, it's all about making your money like you trust you and make you more money. So that's what, that's what you need to look at. And if you have a property, you can refinance that property. I always say it's the best way to go about scaling up. If you have a property and why do I say refinancing your property? Because there will be an equity portion. So for example, you bought a property for a hundred rent, you've paid it down and you only owe the bank 80 bucks. Then you've got a 20 rent equity in the business. You can then use that 20 rent equity as a down payment for your investment property. And that will minimize the mortgage that you pay on a monthly basis. And once you've done that work properly and you understand that the rental market is higher than what the bank is going to ask you to pay, then you'll find. But you must also, and you must also know there are other expenses operating expenses that you need to consider. And hence it's very crucial and hence it's important to look at your ROI, understand the numbers, understand what you want to do and where you want to go. The crucial thing, it's not even only the budgeting is why. The first question is why am I doing this? If you're going in for fun, don't do it. Don't call it investment. That's number one. If you're going in for fun, don't bother. You're wasting your time. If you're going in for business, then think business. And that is what the cash flow becomes sense. And this is what we look for. And this is what we also teach on the property ask a call class. But we're not here to talk about property ask a call classes. We're here to help people to live frog and get out of the rat race. And basically that's it. And you can see I'm very passionate about this because it's just a simple thing. It just takes discipline. Real estate investment, people make it look very easy. But it's a simple thing and it's a discipline that you need to follow. And once you've gotten that, it becomes a sailing process. We are taking your questions and comments at home. We're talking about budgeting techniques that you can adopt in order to prepare yourself to purchase a property. Do share them down here below with you, watching us on Instagram, perhaps on Facebook or on YouTube. We love hearing from you. And I want to hear from people who already have investment properties. How did you go about budgeting for your investment property? So you already have your primary residence, might be living in it. Perhaps you bought it a couple of years ago and you've now bought your rental properties. How did you go about budgeting in order for you to be able to purchase your rental properties? And we've got a comment here from Facebook, from Delano Scaltz, who's one of our top fan gang members. And Delano says, plan for how much you want to buy a property for. See what will your repayment premium be, but always work it out on a 10% interest rate because if the economy gets back on its feet, interest rates will increase. This will result in your repayment premium also increasing. I love that one because we want to make sure that we are as prudent as possible in our calculations. And you'd rather estimate being charged a higher interest rate because even though prime right now is at 7%, are you able to afford perhaps the January rates when interest rates eventually get to that point? And in the event where you are, perhaps even add a percentage above that because you might not be able to even get prime even now. So you might not get 7% when you buy a property. Now perhaps you'll get 8%. So you would have essentially gotten prime plus ones. So you really want to have various iterations of how much your interest rate is potentially going to be and almost see at which level do you stop being able to comfortably afford it. And I think one of the things that I sometimes also use is, are you able to afford the repayments and the maintenance and the levies and the rates all by yourself. So if somehow you have a 0% occupancy, will you be able to afford it? And for how long? Let's say you'll be able to afford it in perpetuity. So you've got that much cash flow that if you were to stay like that, let's say for the next year, you'll be able to afford it. That's fantastic, right? So you're very liquid because you've got that kind of money. You're not relying on the rental income coming in. In the event where perhaps you're relying on money, you've said to keep your float, how many months is that? Is it a three month period? Is it a six month period? So if you don't get that tenant in a three month period or a six month period, then you no longer as liquid as you probably were because you may have to tap into your own, essentially salary now, or where you get your primary income. So having those kinds of different ways of looking at an additional property is so crucial. And I probably add, and this is maybe in some ways a mistake that I made is sometimes don't try to scale your portfolio too quickly, too early on. And it isn't even just about gear. Perhaps you can handle being overly geared, but from a cash flow perspective, from an occupancy perspective, you might just find that you end up having let's say a vacant unit. Let's say you own 10 properties that you bought very in quick succession. And seven of them are occupied, but three aren't. Now 70% occupancy might seem great, but let's say if you've just gone a bit slower, you would have been able to maintain a 100% occupancy. So I think being able to look at it like that and take it step by step and not rush too much becomes so crucial. Echo, I'm keen to hear from you, before we wrap up any last thoughts around some of the things we probably shouldn't try to jump into when we're buying the investment property. Because I think some people are now trying to rush it because they're like, look, interest rates are low. There's so many great deals. What are some of the things that we probably shouldn't try to rush into as we make that decision and eventually buy that investment property? Okay, so I think you've said it well, but what I will add on is underestimating your expenses. And that's what we need to be careful of. We should not rush into, like you said, I mean, you've said it perfectly, but do not underestimate your expenses. And don't go into buy a property without going to visit the property. You need to look at that property. It's very crucial. Somebody will sit in Cape Town and say, hey, I saw a property in Hebrew and I want to buy because it's cheap. But have you gone inside? Do you understand the body corporate how it's made? Do you understand all those soft aspects of property management? So those are the things. And if you can't get there yourself, get somebody to do it for you. Get a good agent from a mastermind group that are always people that want to share. So have a team of professionals around you and tap into those resources. Those are the things that I would advise people to look at. And all the things that you've said together with what your viewers say ties down into the ROI because your ROI basically is your net profit over your cash invested. And once you've done it properly and you've understood, so he's saying 10%, he's saying add a buffer. The point is historically in South Africa, we've gone to a level that we hate 26% interest rate. So how do you balance it? So doing your proper research, you can comfortably say that you're looking at an ROI of 15% or whatever that it is. But that will tie into it because it will help you with your expenses. It will help you with the income coming in. It will help you with the mortgage that you have to pay. All those factors will come into it. It will help you with the legal cost. And that is what I've done extensively with the videos and also talking about not rushing into things. Another video I did is called on property ask a course to is called how to raise unlimited loans from the bank. And that's again, what are the processes that you follow? What are the things that you need to do? And, and that's what we need to essentially essentially look at. Well, we are going to leave it there this evening. Thank you so much for joining us. And, you know, always being available to speak to us on the private property podcast. I know we'll definitely be having you back with us in the new year, hoping you, your team and your family have a great festive season and we'll be talking to you. Thank you very much. And Merry Christmas to everyone. And by the way, Zama, we're running a competition on our property ask echo channel to our loyal community. And we're giving away a thousand rent cash prize. You just questions that we ask and you answer. And if you answer it right, you, you, you, you stand the chance of winning. And we had a festive season. We, we happy and we like to share with our lawyer community. And thank you guys for supporting the channel property ask echo. We read we highly appreciate it wouldn't be where we are now we're sitting on nine hundred and eighty five subscribers in a very short space of time. We couldn't have done it without you. So we really appreciate it. And we thank you. Have a safe festive season and see you next year. Thank you so much echo. We are going to leave it there. And before we also share the competition for this evening. And that's of course the questions for the champions that we're running across the private property social media pages. We're going to go to Estie Carson who'll tell us all about the winner of agent connect. What's up private property fam? You know, it's that time of the night again. Where we announce our lucky winner. It's an estate agent who won one thousand five hundred grand cash. And tonight's winner is Mpo Tepe. Mpo says, I was spotted by an agent at a viewing when she could not answer some of the questions her clients were asking her. She suggested I join her as a part time agent, which I did in July. During women's month in August, I signed off two offers to purchase for two single young woman. The transferring happened last week. I'm yet to take pictures with them and their keys. Seeing young single black woman invest in property is a huge honor for me. Evidence of a culture shift and paving a different path for our young girls. I am proud to be an intern agent at LDP properties. Well, there you have it. That was Mpo's story. You too could win one thousand five hundred grand cash. Tell us why, what was your highlight of 2020 and how you remain on top of your game. Thank you. We'll see you guys again tomorrow night. Back over to you Zama. Come back to the Friday edition of the private property podcast. I'm your host, Uzamantoma Komalo. Well, it is that time of the evening where we go through this evening's questions for the champions questions. And of course, this is where your team wants to make sure that they have their fastest fingers on the, whether it's your tablet, whether it's your laptop or your phone. And I'm going to go through the first one. And remember, these are based on yesterday's conversation, which was understanding real estate trends and navigating remote working. And the first question for this evening. And again, it's true or false. So it's a statement. And you need to answer below true or false. Remember when you answer, when I use the hashtag, the team name that you are. So if you've given yourself, for example, hashtag team Orlando Parrots, make sure that you share the team name as well as the answer so that we can track who the answer is coming from. And the first statement true or false is remote working is a process of buying office space from an online seller. I'm going to repeat that true or false. Remote working is a process of buying office space from an online seller. And if you know what the answer is, use the hashtag of your team name, as well as true or false down here below. And the second statement is a sub lease is a lease of a property by a sub tenant to a tenant. That is a sub lease is a lease of a property by a sub tenant to a tenant. Let us know if this statement is true or false. Share your answer down here below. Remember to use the hashtag of your team. That's very crucial. It's the only way that we can verify which team answered which answers first so that we're able to award the lucky winning team. And of course, that winning team is going to be walking away with 1500 rounds. And the third statement is capital expenditure or KPEX are funds used by a company to acquire, upgrade and maintain physical assets such as property. And that again true or false. So capital expenditures or KPEX are funds used by a company to acquire, upgrade and maintain physical assets such as property. Do let us know if this statement is true or false down here below. And the fourth statement is if you sign a short lease contract, the landlord is more than likely to help you with the KPEX. So if you sign a short term lease or short lease contract, the landlord is more than likely to help you with the KPEX, true or false. Do let us know down here below. Remember all you have to do to sign a chance of winning that 1500 rounds is to make sure that you recruit four of your friends and family and you form that team of five and you tune into the show live every week at 7pm. Make sure you watch the whole episode until the very end so that you're able to answer the questions when we ask them. And all team members need to indicate that they are present and watching so that we know that you are indeed on the live. Now the last statement again, true or false, if a landlord starts to accept less income on their building, their building's worth becomes a capitalized value of that rental, true or false. And I'm going to ask that one again, if a landlord starts to accept less income on their building, the building's worth becomes a capitalized value of that rental. And these questions are based on yesterday's episodes. Remember yesterday we're talking about understanding real estate trends and navigating remote work. And so if you want to make sure that you stand a chance of winning the money, you want to watch the whole episode because we ask the questions the following day and you're going to be ready. The questions are fairly simple. We want to keep it nice and easy so that you're able to walk away with the cash because we love being in a giving spurs. It's a festive season. We've had a very terrible year and want to make sure that we do the best that we can to make it just a little bit better for you and your friends and family. Well, talking about friends and family, it is the weekend and I do hope that many of you are going to be staying safe and trying to avoid as many events as possible. I saw that the Health Minister, Dr. Tosir Limkizze, was actually doing an address just before we started our live. We were talking about how there's a new strain of the COVID-19 and there's a new strain that we have here in South Africa and so we essentially have to be more vigilant because of that. So if you can try and stay indoors, let's try to get through this second wave. It seems as though it's going to be worse than what we experienced with the first wave. So do make sure that you stay at home as much as possible. And of course, of the weekend, you can tune into the developer's show with Chad that can keep you company as well as show day where we look at the different properties that you're able to also explore. So there's always something in store for you across our social media platform. So do make sure that you always tune in and see what you can catch up on. Well, that's it for me, Zamanthu Muakumalo and the rest of the private property podcast team. We do hope that you're going to, as usual, stay home and stay safe. I moved to Ferry Glen about five years ago. Ferry Glen is a really safe place and the people are really kind. Some of my friends live really close by in suburbs like Equestria and Olympus. In the morning, I will wake up, make myself a cup of coffee, go for a jog at Ferry Glen Nature Reserve or even just in the neighborhood. It's safe, quiet, and the environment is really nice. I love Ferry Glen because I'm near the city, but I'm not in the city. To clear my mind, I'm on my own to relax and just to enjoy a round of ball. In Pretoria East, we really have nice places to visit like Menland Mall and Brooklyn Mall. It is really close by. There are also a lot of top schools in the area like Pretoria Borsa and New York School Menlobo. One of the most beautiful places to see the hall of Pretoria is the fourth cup of coffee viewpoint and that's my neighborhood.