Thanks to technology, RoofStock allows real estate investors to manage their holdings similar to portfolio investments -- and now it's eyeing various markets across the country. The website that lets investors purchase tenant-occupied, single-family rental homes is now listing homes in Miami and Los Angeles. "Miami represents a natural extension of our Florida presence, and has been a market characterized by strong rental demand and historically has attracted considerable interest from investors, both domestic and global," said Gregor Watson, chairman and cofounder of Roofstock. "Southern California is one of the largest and most dynamic economies in the U.S., and given supply constraints in California, represents excellent potential for rental growth and home price appreciation over time." Once again, we see the Uber-ization of real estate successfully unfold in another venture. Screenshot of a couple properties available on Roofstock.com in Miami, Florida. T...
- Roofstock.com has expanded into the Los Angeles and Miami single-family rental markets.
- Roofstock separates investors from the operations side of owning rental properties.
- Roofstock is also currently available in Atlanta, Tampa, Jacksonville, Miami, Orlando, San Francisco, Riverside-San Bernardino and Southwest Florida.