Caveat emptor…and of course, the devil is always in the details. That being said, HousingWire is reporting that online property purchasing platform Roofstock is “offering a unique carrot” to entice investors to use its platform – guaranteed rent. Yes, you read that right. The report says that Roofstock recently announced that it is offering an “industry-leading” guarantee that provides up to 12 months of rent on a vacant property purchased through the company’s platform. The company says its “Roofstock Guarantee” begins providing rent payments to investors if the vacant property is not leased within 45 days of the property’s closing. In addition, they are also offering a 30-day, money-back guarantee on SFRs purchased through its marketplace. Indeed….
“We’ve introduced the Roofstock Guarantee to give our investors increased confidence when investing through our platform,” said Gary Beasley, Roofstock’s CEO and co-founder.