As a follow up to my initial post on generating real estate income, I’ve narrowed in on some websites which specialize in the single family rental market. Roofstock, HomeUnion, and Investability all look like good candidates for purchasing a vetted single family home with current tenants (meaning immediate cash flow) and generating rental income. While these websites obviously charge fees for their services, having them do some of the legwork on the tenants and the house itself (e.g. inspections) means you don’t have to do all of the work yourself of finding a quality house with quality tenants. This sounds like a good trade off for someone like me who is looking at the home as an investment and would rather focus on generating the income as opposed to being a day-to-day landlord.
Does anyone have any experience with these websites?