Inside Roofstock - The Rental Property Marketplace
Summary: Does Roofstock live up to their promises? In our Roofstock review, we dig into their selection of turn key rental properties and put our money on the line to find out.<br> I’ll admit, I’ve been obsessed with <a href="https://www.listenmoneymatters.com/rental-property/">rental properties</a> for a few months now. It took me about that long to wrap my brain around it all. There is so much to think about and consider – the topic of turn key real estate investing is littered with “rabbit holes.”<br> Now, before we jump in you may be wondering, “why would I ever want to get into rental properties?” If so you should probably start here: <a href="https://www.listenmoneymatters.com/real-estate-investment-properties/">The Case for Real Estate Investment Properties</a>.<br> Eventually, after much research, Laura and I decided that we were going to get rental properties far away from the NYC area. In starting our search for turn key rentals, here were some of the biggest sticking points for us:<br> <br> * How could you possibly purchase a property sight unseen? Is the internet full of crazies?<br> * How do I find properties in my price range that aren’t in a war zone and produce a respectable cash flow? I’m not exactly a well-connected real estate professional.<br> * How can I be sure that I’m not being sold hot garbage by an “expert”? Is there any way to undo it all if I wake up the next morning in a cold sweat regretting my decision?<br> * How do I evaluate and track the profitability of these properties? There are a lot of moving pieces in turn key real estate investing.<br> * How do I make sure I don’t get stuck with “the worst property management company ever” and wind up with more work/stress than I bargained for? Few people say they love their management company, and that scares me.<br> * How can I set it up such that I do the least amount of work possible, today and in the future? Simply put, I ain’t got time for that shit.<br> * Does my ass need to be the only one on the line? Is there anyone that will stake their reputation on my continued success?<br> <br> In this review, we’re going to cover the above questions and go into extraordinary detail of our experience with Roofstock.<br> After speaking with their CEO and many others on the team, we decided to go ahead and make a turnkey real estate investment with them.<br> Twice.<br> <br> <a title="What is Roofstock and what do they bring to the table?" name="WhatIsRoofstock"></a><br> What is Roofstock and what do they bring to the table?<br> <a href="https://www.listenmoneymatters.com/roofstock">Roofstock</a> is a turnkey rental property marketplace. A core requirement for properties to be listed on their marketplace is that a property needs to be occupied by tenants who meet Roofstock’s strict screening guidelines. Since we’re investors and not real estate professionals, we only look at turnkey solutions.<br> This is the target market for Roofstock, busy professionals who want high yielding successful rental properties without the time commitment or the need to put work in themselves.<br> Unlike most places you’d go to find turnkey rental properties, Roofstock does not own any of the properties listed in their marketplace. Instead, their expertise is in evaluating, negotiating and closing property transactions. So they aren’t trying to sell you anything but instead are looking to add value to an existing and usually convoluted process.<br> What originally got me excited about Roofstock was their inventory. It’s probably what gets everyone excited.<br> <br> Currently, there are over 100 properties available for sale, 20 awaiting listing and 75 with a sale pending. This dwarfs the size of any other turnkey seller Laura and I looked at. Most turnkey places have little to no inventory,
