If you are looking for a way to diversify your risk in rental real estate and also get rid of the day to day problems of either managing your property or paying to have it managed, this is the way to go. Your able to keep the property in your estate but now have it comingled with others. This also defers the gains so you keep the government from taking taxes, this way more of your money continues to work for you because of the 1031 format. The best part is if you have a few beneficiaries, instead of selling one property after an inheritance, each person can decide what they want to do with their 'shares'. No one is forced to sell and they get a step up cost basis. Flock does a great job of making this transition smooth and the management from Ari down to the property managers are all focused on the same thing, a great investment for shareholders and doing the right thing for people who rent out our properties.
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Flock is building the retirement solution for landlords. We offer a seamless and tax-efficient exit from traditional ownership: exchanging a rental property for equal value of shares in Flock's managed portfolio of homes. Owners get steady income, upside potential, and potential tax savings without any hassle, stress, or liabilities.
