Roofstock Co-Founders Gary Beasley and Gregor Watson chat with host Joe Saul-Sehy of the "Stacking Benjamins Show" about the benefits of purchasing rental homes through Roofstock, and how investment properties with positive cash flow can outperform in a market downturn.
To hear Gary and Gregor's interview, start listening at about 24 minutes in. Or, check out some of our favorite soundbites transcribed in the blog post below.
"When I was a financial planner a lot of people didn't do real estate because it was so difficult...when I heard about Roofstock, I thought, 'We've gotta have these guys on the show,' because this is a mind-bender, what they do.'"
A Few of Our Favorite Sound Bites
The benefits of Roofstock and how it works
(Gary) "Really what we're trying to do with Roofstock is separate the whole idea of operations from investing. So if you want to be an investor in this asset class, you go to Roofstock and you can see homes that have been fully vetted and inspected. They're already leased and cash-flowing, and we hook you up with certified property managers in those markets who we have vetted, and they take over the property management. So all of the rent collection, repair and maintenance, leasing—all that's handled locally, and then we monitor that information and provide it to our customers through our app to make sure the performance is there."
"It's not an emotional buy like it would be for a home that you're going to live in, where you fall in love with the countertop or the backyard. You're looking at what's the data, what's my return, and where do I want to invest?"
What if there's a market downturn?
"You can do it all yourself. They can help as little or as much as possible. I like it when companies have expertise and they're not afraid of you handling the parts that you're comfortable with. But for me, I'd let them do everything. I'm a landlord of one house, and I'll tell you, even the little bit that I have to do there, I would prefer something like a Roofstock."