Roofstock

Last updated
Roofstock
Industry
  • Fintech
  • Marketplace
  • Rental Property
Founded2015;9 years ago (2015)
Founder
  • Gary Beasley
  • Gregor Watson
  • Rich Ford
Headquarters Oakland
Number of employees
205
Website www.roofstock.com

Roofstock is an Oakland-based Fin-tech startup founded by Gary Beasley who serves as the CEO, [1] [2] Gregor Watson who serves as the Chairman [3] [4] and Rich Ford who serves as the Chief Development Officer. [5] The startup was established in 2015. [6] [7]

Contents

Roofstock is an online marketplace for investing in leased single-family rental homes. [4] The company helps its clients by providing them with research, analytics, and insights to evaluate and purchase certified properties. [6] [1] The company pre-inspects rental properties with information about tenant, current rent, and property manager and makes this information accessible online. Users can compare investment properties around the country. [2]

History

Roofstock Marketplace was launched in 2016 [1] and in 2017 the Roofstock Neighborhood Ratings was launched. It surpassed $1 billion in transactions in 2018. [4] In July 2018, Roofstock acquired Streetlane, a Dallas-based single-family rental management company. [8] In 2019, it surpassed $2 billion in transactions. [9] [10] In 2022, Roofstock bought RentPrep, which was led by Steve White, CEO and founder. [11]

Roofstock Neighborhood Rating Algorithm

Roofstock launched a “neighborhood rating algorithm,” that analyzes more than 72,000 Census tracts and ranks their risk. It includes factors like home values, average rent, income levels, employment rates, education levels, crime data, percentage of owner-occupied homes and school district ratings. Also, it ranks each neighborhood on a scale of 1 to 5, 1 being the most risky. [12]

Awards and accolades

Fundings

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References

  1. 1 2 3 4 "Roofstock launches marketplace for purchasing rented homes". TechCrunch. 3 March 2016. Retrieved 2020-01-31.
  2. 1 2 Fuscaldo, Donna. "Real Estate Fintech Roofstock Doubles Its Investor Base of Newbies". Forbes. Retrieved 2020-01-31.
  3. ↑ White, Spencer (2018-01-18). "Roofstock Announces $7 Million In Additional Funding: Learn How The Startup Makes Property Investing Easier". Benzinga. Retrieved 2020-01-31.
  4. 1 2 3 "U.S. property startup Roofstock raises more funding from SVB, others". Reuters. 2018-01-19. Retrieved 2020-01-31.
  5. ↑ Gose, Joe. "Renters Are Buying Rental Homes Alongside Mom-And-Pops, Institutional Funds". Forbes. Retrieved 2020-02-09.
  6. 1 2 3 "Roofstock, a marketplace for single-family homes with tenants, just closed on $35 million in new funding". TechCrunch. 4 October 2017. Retrieved 2020-01-31.
  7. ↑ "New Single-Family Rental Pitch: Want to Buy a Piece of a House?". Bloomberg. 26 February 2019. Retrieved 2020-01-31.
  8. ↑ "Roofstock Acquires Streetlane - silicontap.com". www.silicontap.com. Retrieved 2020-01-31.
  9. 1 2 "Roofstock, which makes it easier to buy a home as an investment property, just raised $50 million in new funding". TechCrunch. 8 January 2020. Retrieved 2020-01-31.
  10. 1 2 Welborn, Seth (2020-01-13). "Roofstock Closes $50M SFR Equity Round". DSNews. Retrieved 2020-01-31.
  11. ↑ "Roofstock acquires tenant screening platform RentPrep - FinLedger". 2024-08-07. Archived from the original on 2024-08-07. Retrieved 2024-08-07.
  12. ↑ Olick, Diana (2017-07-14). "Landlord alert: New index aims to take the risk out of rental investing". CNBC. Retrieved 2020-01-31.
  13. ↑ "Best Small & Medium Workplaces 2017". Great Place To Work United States. Retrieved 2020-01-31.
  14. ↑ "Best Small & Medium Workplaces™ 2018". Great Place To Work United States. Retrieved 2020-01-31.
  15. ↑ "Roofstock acquires single-family rental management platform". HousingWire. 2018-07-18. Retrieved 2020-01-31.
  16. ↑ "2019 HW Tech100 winner: Roofstock". HousingWire. 2019-04-01. Retrieved 2020-01-31.
  17. ↑ Petrenko, Liudmyla; Prykhodko, Ann (2018-12-21). "Analysis of the world's most innovative companies (Forbes list)". Strategy of Economic Development of Ukraine (43): 57–68. doi: 10.33111/sedu.2018.43.057.068 . ISSN   2312-9298.
  18. ↑ "Drumroll... Finovate Awards Winners Announced". Finovate. 2019-09-25. Retrieved 2020-01-31.
  19. ↑ "Best Workplaces in the Bay Area™ 2019". Great Place To Work United States. Retrieved 2020-01-31.
  20. ↑ "Funding Snapshot: Home Rental Marketplace Roofstock Raises $20M Series B". Wall Street Journal. 2016-11-14. ISSN   0099-9660 . Retrieved 2020-01-31.
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