While most homes for sale on the Roofstock marketplace are from third-party sellers, the Roofstock Reserve is a limited collection of properties currently owned by Roofstock. These properties are newer (1990-present), and located in better neighborhoods — factors that can lead to strong home price appreciation and tenant stability.
Roofstock believes these investments present the potential for an attractive reward-to-risk ratio and are now offering a limited number of these homes for our investors to purchase.
These homes are typically newer or upgraded, and are located in areas with 3 or higher Roofstock Neighborhood Ratings.
STRONG NEIGHBORHOOD RATINGS
Homes will typically have 3 or higher Roofstock Neighborhood Ratings (out of 5), which indicate at or an above-average combination of employment, income, home value, education, schools, lower crime rates and generally represent a lower risk investment.
NEWER BUILDS (1990-PRESENT)
Homes selected for Roofstock Reserve feature more recent construction or upgrades to modern standards and amenities, and may require less initial maintenance.
UNIFORM TENANT & LEASING STANDARDS
Tenants in these homes will have had to pass qualification standards including a minimum credit score, combined gross income of 3 times the monthly rent, and possess a positive rent payment history.
The process and fees to buy a Roofstock Reserve home are the same as for other homes on the Roofstock marketplace. View How it Works for more details. Due to the current COVID-19 environment, the closing process on some homes may be different depending on whether or not a professional home inspection was conducted on the home.
For homes where there are no inspection reports available, your offer will come with an inspection contingency, which allows you to obtain a professional home inspection — paid for by Roofstock — during closing. After you receive the inspection report, you have the right to cancel the contract or negotiate repairs based on the findings of the report. Your earnest money deposit will be fully refunded should you cancel the transaction before the inspection contingency expiration date.
For homes where a professional home inspection had been conducted, you can view the detailed findings of the inspection in the properties’ diligence vault. Offers on these homes do not have an inspection contingency.
When you purchase Roofstock Reserve properties, you have the option to self-manage or pick a new property manager. We do have preferred property managers that have been vetted and screened available for the home, and you can view them under the “Buy Process” tab.
Owned by Roofstock, these homes are hand-picked for their investment potential and attractive reward-to-risk ratio. When you buy a property from the Roofstock Reserve, you are buying it from Roofstock’s limited collection of properties.
All Roofstock Reserve properties are covered by the Roofstock Guarantee.
The Roofstock Guarantee offers buyers a 30-day money-back guarantee and Lease Up guarantee for up to one year on vacant, rent-ready properties. All vacant Roofstock Reserve properties will be rent-ready and eligible for our Rent Guarantee program.
The home warranty plan covers components and parts of many major home systems and appliances. Roofstock Reserve properties include a complimentary one-year home warranty from American Home Shield to replace or repair many major home systems and appliances — including electrical, plumbing, HVAC, furnace, boiler, hot water heater and more. Buyers will be responsible for a deductible of $75 on any service performed under the home warranty, and any amount above the deductible will be covered by the warranty provider.
For more details, view the home warranty from American Home Shield:
American Home Shield is a pre-eminent leader in the home warranty industry, providing unrivaled service & coverage.