Hello, and welcome to another episode of Passive Real Estate Investing. I'm your host Marco Santarelli. Well, today we're gonna do a quick, relatively quick episode and market spotlight on Southwest Florida. It's been a hot bed for a new construction for job growth, for price growth, for economic growth. It's just a great location. And it's a place that I was investing in way back when in 2005. So go figure things go full circle. So anyway, with me, today is one of my trusted builders and a good friend Reed and Reed is a guy who has been providing us a lot of great new construction inventory, not just in Florida, but other places too, but he's especially focused in Southwest Florida. And we're gonna talk about the market and the opportunities there for you as an investor. And that way you have a better understanding of this particular option. So Reed, welcome to the show.

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Hey, thanks a lot for having me today, Marco, it's been a pleasure working with you and your team over the last few years.

Yeah, likewise, definitely you guys are very professional and a class act and all the product we get from you guys is fantastic and you service people very, very well. So we're very happy about that. And of course our clients, the investors are very happy too. So I'm talking a little bit fast and you know why it's because the battery on my laptop is running very, very low. So I don't wanna run out of time because of lack of battery juice. How embarrassing is that? Right. Anyway, we'll get through it. So re let's talk about Southwest Florida. First of all, let's define what we mean by Southwest Florida, cuz we're not talking about one specific city. You've got Cape coral, you've got Punta Gorda, you've got all these, you know, secondary tertiary markets. Why don't you clump that all together and give us an explanation of what we mean by Southwest Florida.

Yeah, yeah, no problem. Yeah, exactly what you said. You know, these markets that we build in are our secondary tertiary markets. Some people call them bedroom communities. It would be markets like Cape coral, north port, port, Charlotte, Punta Gorda,  Lehigh acres. And these are all markets where you know, they're very, very strong rental markets. They're just outside of more maybe well known or, or quote unquote major cities just outside of like Sarasota or Fort Myers. So a lot of people that live in these towns work in the larger towns, but that being said, there's still plenty of jobs in the smaller towns. Florida has unbelievable low unemployment right now. So everybody's working, even my kids have two jobs and they're teenagers. So I don't know what that says.

Right. Well, that's great. Especially in today's environment where we have really low unemployment, even in the economic environment that we're in. It's interesting how everybody's kind of struggling to find people to hire. Now there are some companies that are slowing down or stopping employment just because you know, of, of economic uncertainty, but I think that's gonna be short lived. What cities are we talking about with the new construction homes that you guys are building in Southwest Florida? So we know the markets that we're talking about.

Well, the main markets that we're building in right now, and we have upcoming projects now we've got projects in all the towns that I had mentioned earlier, but you know, for your clients and your investors, the, the projects that are coming up soon. So if you got somebody with a 10 31 exchange or a cost se before the end of the year or something like that, we would wanna look at markets like Punta Gorda, Cape Coral and Port Charlotte. Those would be the areas that we've got projects finishing up in the next say 90 to 120 days....