"Buying a rental property is a good way to make some extra money. The problem here in the Bay Area is most of us can barely afford our own house, much less buy another. So you could buy a house somewhere else and rent that out." —NBC Bay Area Reporter Scott McGrew
Roofstock CEO and Co-founder Gary Beasley recently joined NBC Bay Area reporter Scott McGrew on Press:Here, a weekly roundtable featuring top technology reporters interviewing Silicon Valley CEOs and entrepreneurs. Gary spoke about the fundamental economics Roofstock examines when deciding where to launch new markets, and the benefits of buying leased single-family rental homes that already have tenants in them.
"Fundamentally what we're trying to do is break down the geographical barriers to investing in real estate. You could be in Boston or Beijing and buying a house in Florida." —Gary Beasley, Roofstock CEO/Co-founder
Other topics addressed in this segment include popular markets to purchase retail investment property in, and the management aspect of owning a rental home. As Gary explains in the interview, when buyers purchase a home through Roofstock, they can choose from certified partners who handle the day-to-day minutiae of being a landlord.
Or, to sum it up like Scott McGrew:
"I'm not going to get a call in the middle of the night that the toilet's broken."
Right you are, Scott! No toilet fixing.
Gary also addresses some commonly asked questions, such as how many people can actually afford investment properties (a lot more than you might think), and whether Roofstock is a good solution for investors who want to purchase a rental property and eventually move in at some point.
The Press:Here segment featuring Gary Beasley originally aired April 30, 2017.
Roofstock is the first online marketplace created exclusively for purchasing leased single-family rental homes that generate cash flow from day one. Our transparent, easy-to-use platform removes the stress from buying, selling and owning investment properties. As we expand into new markets, we're opening up investment opportunities across the country—and the world—that were previously difficult to access due to geographic and logistical factors. Roofstock simplifies the process and removes those barriers to entry.
By creating Roofstock account, you'll be able to save filtered searches, get notified when new rental homes that match your investment criteria become available, create a custom portfolio, work directly with our expert advisors (for free!) and much more.