Roofstock, a website that lets investors find and purchase tenant-occupied single-family rental homes online, is offering a 1 percent referral fee to real estate agents for referring an investor who buys any of the properties listed on its site. The startup posts exclusive listings owned by institutional investors that have snapped up single-family rentals homes en masse and are now seeking to offload them.
- Agents can get a 1 percent referral fee from Roofstock for referring investors that buy a property listed by Roofstock.
- Roofstock lists single-family rental properties on behalf of institutional investors, and enables others investors to buy them online and own them from afar.
- Charging a 2.5% commissions (rather than a typical 5 or 6%), startup makes it more feasible to sell and buy single-family rental properties with tenants in place.