Product Overview of Roofstock
Roofstock is a pioneering real estate investment platform designed to make investing in single-family rental (SFR) properties more accessible, efficient, and manageable for both accredited and non-accredited investors.
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 entire investment cycle, from acquisition to management and eventual sale.
Key Features and Functionality
Marketplace for Investment Properties
Roofstock operates an online marketplace where investors can browse and purchase pre-vetted, tenant-occupied single-family rental homes. This allows investors to start generating rental income immediately after the purchase.
Data and Analytics
The platform provides extensive data and analytics, including valuation estimates, financial projections, property inspection reports, and market trends. These tools help investors make informed decisions about their investments.
Property Inspection and Evaluation
Each property listed on Roofstock undergoes thorough due diligence, including detailed inspection reports and financial analyses. This ensures that properties meet certain investment criteria, making the selection process more reliable for investors.
Property Management Options
Roofstock partners with a network of vetted local property managers to handle the day-to-day operations of the rental properties. This service is particularly beneficial for investors who do not live near their properties or prefer a hands-off approach to property management.
Stessa Platform
Roofstock offers Stessa, a property management tool that helps investors track expenses, revenue, and overall property performance. This tool is essential for maintaining financial health and optimizing the investment.
Financing Options
The platform provides financing options through its network of lenders, making it easier for investors to secure funding for their purchases. This feature helps lower the barriers to entry for real estate investing.
Roofstock One
For accredited investors, Roofstock One offers pre-built SFR portfolios that can be invested in as a whole or customized by selecting individual units. 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 to purchase rental properties, providing tax-advantaged rental income. Investors can open an IRA account with New Direction Trust Company and fund it through a 401(k) rollover or transfer from an existing retirement plan.
Low Costs and Accessibility
Roofstock stands out for its low costs and accessibility. There are no sign-up fees, and investors can purchase properties with a 0.5% fee of the contract price. This makes direct ownership of real estate assets more affordable and accessible to a broader range of investors.
Overall Benefits
- Geographic Diversification: Investors can diversify their portfolios by investing in properties across various U.S. locations.
- Efficient Process: The platform streamlines the investment process, from property selection to management and sale.
- Comprehensive Support: Roofstock offers a range of tools and services, including property inspections, financial management, and access to vetted property managers.
- Accessibility: The platform is open to both accredited and non-accredited investors, with options for domestic and international investors.
By integrating advanced technology, data analytics, and a robust network of professionals, Roofstock has revolutionized the way individuals invest in single-family rental properties, making real estate investing more accessible and efficient.