OAKLAND, Calif.--(BUSINESS WIRE)--Roofstock, the leading online marketplace for single-family rental home investment, today announced that it has expanded into Los Angeles. Known for its world-famous entertainment industry, entrepreneurial spirit and bustling new technology scene, Los Angeles is the 14th market to join Roofstock’s online marketplace alongside Atlanta, Dallas, Tampa, Indianapolis, Jacksonville, Las Vegas, Memphis, Miami, North Carolina, Orlando, Riverside/San Bernardino, San Francisco/East Bay and Southwest Florida.
“We are pleased to welcome Los Angeles to Roofstock’s rapidly-growing real estate marketplace,” said Gary Beasley, co-founder and chief executive officer at Roofstock. “The addition of Los Angeles offers our customers a tremendous opportunity to own their own piece of California real estate.”
Home to notable technology companies Tinder, Hyperloop One, SpaceX, Hulu, and Snap, the Los Angeles metropolitan area has emerged as an increasingly important U.S. technology hub.
The Los Angeles County Economic Development Corporation has reported that unemployment in the area has followed a year-over-year downward trend since 2010 and is forecasted to stay below five percent through 2018. Currently low unemployment rates combined with steady growth in jobs and income has led to higher renter demand and 96.9% occupancy rates for rental homes, above the 95% national average.
Users seeking capital preservation and growth will value the market’s current four percent appreciation forecasts, above the 3.4 percent national average, according to John Burns Real Estate Consulting. Further, the current negative equity rate of 5.5 percent, well below the national average of 10.5 percent, indicates less potential for local foreclosures and makes this name-brand market an attractive option for single-family investors.
Roofstock’s advanced marketplace makes purchasing property easy by offering detailed inspections, valuation and title reports, as well as information about the tenants and local certified property managers. The company stands behind its marketplace with a bold 30-day Money-Back Guarantee.
About Roofstock
Headquartered in Oakland, California, Roofstock is the leading online marketplace for investing in single-family rental homes. The company’s marketplace features research, analytics and general market insights to help investors evaluate and purchase certified properties at prices that reflect both market and property conditions. Roofstock features single-family rental real estate in 14 markets across the U.S. including Atlanta, Dallas, Tampa, Indianapolis, Jacksonville, Las Vegas, Los Angeles, Memphis, Miami, North Carolina, Orlando, Riverside/San Bernardino, San Francisco/East Bay and Southwest Florida.
To learn more about Roofstock, please visit: http://www.roofstock.com
