Product Overview of Roofstock
Roofstock is an innovative real estate investment platform designed to make investing in single-family rental (SFR) properties more accessible, efficient, and manageable for a wide range of investors, including both accredited and non-accredited individuals.
What Roofstock Does
Roofstock enables investors to buy, manage, and sell tenant-occupied single-family rental homes across the United States. The platform leverages data, technology, and a network of vetted professionals to streamline the real estate investment process, allowing investors to generate rental income from day one.
Key Features and Functionality
Marketplace for Investment Properties
Roofstock operates an online marketplace where investors can browse and purchase pre-vetted single-family rental properties. These properties are already leased to tenants, ensuring immediate rental income for the investor.
Certified Properties
Properties listed on Roofstock undergo thorough due diligence, including third-party inspections and evaluations. This certification process ensures the quality and habitability of the properties, providing transparency and trustworthiness for potential investors.
Data and Analytics
The platform offers extensive data and analytics tools to help investors make informed decisions. This includes financial projections, property valuation estimates, market trends, and detailed inspection reports. Investors can also use tools like ROI calculators and 3D virtual tours of properties.
Property Management
Roofstock partners with vetted local property managers to handle the day-to-day operations of the rental properties. This service is particularly beneficial for investors who may not live near the properties they purchase, allowing for hands-off management.
Financing Options
The platform provides financing options through its network of lenders, making it easier for investors to secure funding for their purchases. This accessibility feature helps lower the barriers to entry for real estate investing.
Stessa Platform
Roofstock also offers Stessa, a property management tool that assists investors in tracking expenses and revenue associated with their properties. This tool is essential for financial management and property performance tracking.
Roofstock One
For accredited investors, Roofstock One offers pre-built SFR portfolios, allowing for hands-off real estate investing. Investors can choose to invest in the entirety of a portfolio or select individual units for a custom portfolio. This service includes professional in-house property and asset management, along with multiple liquidity options after an initial six-month holding period.
Self-Directed IRA
Roofstock allows investors to use self-directed IRAs for tax-advantaged rental income. Investors can purchase rental properties and assign their IRA as the title holder, facilitating a 401(k) rollover or transfer from an existing retirement plan without tax or penalty.
Geographic Diversification
The platform provides access to single-family rental homes across various U.S. locations, enabling investors to diversify their portfolios geographically. This is particularly advantageous for those interested in out-of-state investments, as it offers local market knowledge and property management solutions.
Benefits
- Accessibility: Roofstock makes real estate investing more accessible by offering properties at various price points and providing financing options.
- Efficiency: The platform streamlines the investment process with data-driven tools, pre-vetted properties, and professional management services.
- Diversification: Investors can diversify their portfolios by investing in properties across different geographies.
- Passive Income: Investors can generate immediate rental income from tenant-occupied properties.
Overall, Roofstock is designed to modernize real estate investing by providing a comprehensive, efficient, and accessible platform for both novice and experienced investors.