We seamlessly convert their rental property into a share of a pool of houses.” “We are focused on the accidental landlord and the retiring landlord. “Millions of Americans own rental properties,” Rubin said. In return, they earn a piece of the dividend stream spun off by a much larger pool of homes.
But rather than ponying up cash for shares, landlords contribute their investment properties, in what is called a 721 exchange. The Denver startup, founded by Ari Rubin and Matt Litovitz, who met at the Stanford University Graduate Business School, operates similar to a real estate investment trust or REIT. Looking for options, Turner stumbled across a Facebook ad for a Denver company called Flock Homes, which was recruiting landlords to try a different model for owning real estate. Nor was keeping the home and rolling the dice when it came to finding a new property manager and tenants. Doubling down with her 60s approaching wasn’t an appealing option, Turner said.
Flock homes code#
Using what is known in the tax code as a 1031 exchange could have avoided taxes, but it requires rolling any proceeds into another real estate investment. Prior experience in real estate or finance preferred (0-4 years).Digital Replica Edition Home Page Close Menu.Self-driven and motivated to work in a fast-paced, dynamic startup environment.Positive attitude and can-do mentality with a knack for balancing multiple leads and priorities at the same time.Experience in a quota-carrying role with demonstrated quota achievement.Excellent communication skills and attention to detail.A bias towards action and a willingness to experiment and engage in cold outreach.Self-starter with the ability and desire to prospect new leads to fill their funnel.Take clear action on next steps after speaking with a potential Flock Owner.Use Salesforce to manage lead data and maintain pipeline reporting integrity.Be an expert on Flock’s 721 Exchange product and synthesize complicated financial concepts to a variety of audiences, from sophisticated investors to non-financial owners.Deliver exceptional customer experience expected in a high-value financial transaction.Vet & qualify inbound leads by explaining Flock’s product offering and gaining an understanding of the prospect’s needs.Outbound prospective landlords who would benefit from Flock’s product offering.No previous experience in sales or marketing experience is required you’ll be trained on Flock’s product and given all the tools you need to succeed in the role. This is a quota carrying role with a variable compensation component. You will become a subject matter expert on landlord pain points and be expected to explain complicated financial concepts in an approachable way. Your primary job will be outbound prospecting and qualifying inbound leads to pass off to a Senior Real Estate Advisor. In this role you will be a trusted partner to landlords on the beginning of their journey to exit their investment properties. We’re fortunate to be backed by a great group of venture capital firms, including Andreessen Horowitz, Human Capital, Susa Ventures, Box Group, and Primary Venture Partners, as well as a large network of strategic investors, including 1Sharpe Ventures, Redwood Trust (NYSE: RWT), Fred Tuomi (former CEO of Invitation Homes), and Eric Wu (CEO of Opendoor).įlock is hiring a Real Estate Advisor to join our fast-growing sales team. It’s a better way to sell and a better way to own real estate. When owners contribute their real estate to Flock, a new journey begins one that has been carefully crafted to both relieve their pain points and provide tangible benefits for years to come. In a traditional property sale, the transaction marks a finite end to the buyer/seller relationship – not so with Flock. Some people call it the UPREIT, we call it "The People’s REIT." We’ve created the first tech-driven 721 Exchange to help individual rental property owners seamlessly convert their real estate into passively owned shares in a professionally managed portfolio of homes. Why? You’d lose income and appreciation, trigger tax liabilities, kick out your tenants, have to fix up the house – the list goes on! And we’re here to help.įlock is building the retirement solution for landlords. Most don't want to be landlords anymore, however, selling isn’t a good option. There are 17 million Americans who own rental property.
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