Flock HomesReviews of flockhomes.com

They've made the selling process very easy. If you don't want to get into the hassle of doing a full 1031 exchange this might be your next best option.

Trust is the most important ingredient, but not the only ingredient needed. Honesty, integrity, insight, foresight, persistence, knowledge, communication skills, management skills, accounting skills, etc. Companies will have problems, but can they persist and beat the odds? Can they properly adjust? Flock Homes has these. Thinking of the set-up, the idea of gaining share by relieving landlords of their assets in a least taxable and most futuristic way is paramount. As landlords, we've experienced housing values go down and go up, but we knew long term, properly managed, these values will go up. For landlords, this is a way into retirement while still keeping future gains, all else being equal. I started this journey in the 1980s, and finished in January'2022 with Flock Homes. I don't think about my rentals now, I do get proper quarterly payments, and I concentrate on other investments as I wish.

Very good overall experience. Everything went smoothly and was well explained. I got my first distribution check and feel very happy that I no longer have to deal with managing my property. I’ve discovered the benefits of being part of a diversified portfolio where I still receive income even thou my home may be vacant. The only negative was at closing I felt I had no clear ownership in the LLC for a time. Thanks

These are honest people, innovative energetic and also willing to share the accomplishments and challenges of their progress. They've earned my trust, requested my participation - and I am watching results closely. So far so good!

The entire transaction was conducted very professionally and was extremely smooth.

We did a 721 exchange of a rental property we own in April this year into Flock Homes. We found the process very straightforward. They provided an online estimate on our property, filled in a few documents, did a walk through and handed over the keys. That was it. The process was very streamlined from initial discussion to contracting to transition. I consulted a lawyer to read the documents, and they found a couple of inconsistencies (that were quickly fixed). They also setup meetings with other owners to hear about their experience. Communication was clear and they were very responsive and patient with our 1001 questions. One thing I wish I had done was more modelling of how the 721 exchange process is impacted by mortgage, cash out and existing depreciation. It seemed clear reading the guidelines but having completed the exchange there are some nuances we found out later that are important to work through upfront.

My business partner and I, close friends since middle school and now in our 50s, have together owned multiple single family rental homes in Texas. We learned about Flock, and were convinced by the company's transparency (I can look in the investor portal at any time and see all the homes owned by the fund), pledge to maintain low debt levels (50% of the fund's value or less), and effective onboarding process to now have contributed three homes. They bill themselves as a wonderful option for retiring landlords. That's likely very true, but we also see their approach as structurally superior in many ways we find attractive such that we plan to continue to find more rental homes, own them for an initial period, then discuss with Flock contributing them to the fund, as well. Their low debt level, along with the ability to get a lower interest rate, utilize interest-only financing, and get "volume" pricing for insurance generates more property-specific yield than what we experienced as "mom and pop" landlords. Our debt previously required personal guarantees, and while we were benefitting from the amortization on a property-specific P&I loan, that P&I combination consumed a much larger amount of the monthly cash flow in exchange for the prospect of a mortgage-free rental property in 25 years. That had a lot more appeal when I was in my 30s! Approaching my mid-50s, I'll take the ability to earn cash now. Plus, I have really appreciated the mindset shift that we've experienced as a result of contributing homes to Flock: the feeling of building equity value over time, rather than paying down debt, is a really nice dynamic and a great place to be. More joy rather than less worry - I like that trade off. Asset values will always have periods when they are subject to fluctuate, rising and falling for stretches. I read the articles in the Wall Street Journal and other places that point to the fact that America has underbuilt homes relative to population growth for the last dozen-plus years since the "Great Recession", though, and believe that single family rental homes as an asset will continue to benefit from that supply-demand imbalance and appreciate over time along with the rents. We'll see - and can't know for sure. But I like that backdrop, especially combined with the low debt level on the portfolio, the zero debt in my name, and the fact that I now own part of a very large and geographically diversified portfolio of homes rather than being concentrated in one city. And I don't have to take calls about air conditioning units any more! Last thing that's been important to us, and is also part of why we have now contributed three homes. I think the investment reporting is clear, clean, and easy to follow. The radical simplicity of no personal debt, replaced by an equity value, and each quarter getting reporting on a return that is a combination of (a) current cash and (b) incremental appreciation, with the option to toggle the cash portion each quarter between an ACH into my account or a reinvestment into more shares in the fund, has been a great experience. Good luck with your journey whatever route you take - the above have been the basis of our thought process and decision to contribute the three homes to the Flock fund with an expectation we'll do more over time.

We became “accidental” landlords when we moved and decided to keep the house as an investment. We really didn’t enjoy being landlords (found it stressful and time consuming) but still didn’t want to sell the house. That is when we came across Flock. From the minute we expressed interest, the Flock team has been patient with answering all of our questions/concerns, impressively knowledgeable and above all kind and great to work with. Our yearly income is the same as we were making through rent - without ANY hassle - while we still see our Flock shares grow.