Roofstock, a successful real estate Fintech that enables the investment and management of properties, says it has topped $100 billion in assets tracked.
At the same time, Roofstock revealed a new service dubbed “Stressa Pro,” a digital application providing tools for real estate investors.
Roofstock reported that it now tracks properties with over 190,000 investors and it continues to grow, exceeding $1 billion in assets added each month.
Stressa Pro is a subscription service that charges $16 a month to use. The platform includes “advanced tools” for real estate investors that automates accounting requirements that generates a tax package ready to send to an accountant.
Stessa Pro also is said to utilize machine learning and automation as the software reads, categorizes, and organizes, records deductions in nearly real-time.
Stessa Pro also integrates directly with banks, lenders, and property managers (think Open Banking). There is also access to a checking account described as “high yield” where you can part your money.
Gary Beasley, CEO and co-founder of Roofstock, touted the new service as a way for investors to save both time and money.
Roofstock provides an online investment platform that streamlines the investment in rental properties, simplifying access to the asset class which can drive returns during difficult markets.