Flock Homes

2319 E Colfax Ave #200, 80206, Denver, United States
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4.85
Based on 20 Reviews

5

85.00%

4

15.00%

3

0.00%

2

0.00%

1

0.00%
About Flock Homes

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.

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Dean Sellers
US

Very Positive Experience The Team is very knowledgable and efficient with my time. They know what they need and describe it in detail, which saved me time. Always timily in responding to my questions. The platform they use ( portal) is really good for me as an investor. I can see very timily where they are moving with acquisitions The value they placed on my property was right inline with my independent appraisal. I'm very pleased to be invested in Flock

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Lucy the Landlady
US

My Story with Flock Homes My story: I had a nothing-fancy, well-kept, simple-to-maintain, easy-to-rent brick duplex in a very convenient in town Atlanta location. I had had it for nearly 30 years and was ready (if reluctantly) to let it go. After difficulty in getting a solid credit-worthy tenant (for the first time ever: scammers!), run-arounds with tire-kickers and developers wanting to buy, I decided to pursue the Flock option. This capable, young, bright, accessible, energetic and financially astute team made it easy. Given the market in early 2023, I probably didn't get as much as I would have if I had had a realtor sell it. But, then you never know unless you put it out there and are willing to wait and negotiate. The upside in Flock not overpaying is that since you are partnering with them, you don't want them to. That would be bad business. You want them to be fair to you (and others) and not lose money on their purchases. They have a formula you can respect and you want that formula to keep working. Nope, I am not netting as much a year as I was, but I also am not managing it, paying and appealing high taxes, meeting with various contractors/handymen, overseeing the work, or worrying any longer about marketing, move-outs and move-ins, the age of the water heater or the roof. I've happily done my share of 1031s in the past, but this time I wanted to try a different approach. I had an opportunity to speak with the founder and CEO (AR/Stanford Business) and with other investors. Every encounter has been so positive. All questions have been welcomed and answered promptly and thoroughly with interest, care, and straight-forward integrity. How rare! Once I made the decision, things moved along at a fast clip. The process was virtually seamless and when there was a hiccup, there was always (and still is) one great person or two on the other end of the line to walk me or talk me through it. You can feel the pride the Flock team takes in what it does and is building. And, you are as much a part of it as you want to be. Transparency. Integrity. Humanity. When you are ready to let go, maybe let go with Flock where you still have a piece of the action, yet complete peace of mind. It's been a win-win for me.

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E. Roland Clemons
US

Skepticism Overcome My experience with Flock has been rewarding. I was leery at first because I had not been involved with a REIT, 721 Exchange. However, over the months I've been involved, I have found Flock to be like a family in the care of all my concerns and investment. The customer service is second to none with immediate response to inquiries each time I've needed to make contact. The statements and distributions are sent out on time and downloadable. "Business integrity" are the two words that best describe what I've come to believe about Flock's administration. I'm satisfied to be sheep in the flock, the family of FLOCK.

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Daryl Dunahoo
US

FLOCK provided a fair value and took… FLOCK provided a fair value and took over management with my tenant in place. It's been just over 1 year and the performance has been as expected. I am happy to have joined FLOCK and may transfer more homes.

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Donald Sloan
US

I'm one year into my contract I'm one year into my contract with Flock Homes and feel I'm ready to give feedback on my experience thus far. First the positive. The process from start to finish was handled very professionally by Flock staff. The offer made on my property was good and the transaction went very smooth. All interaction with the staff has been excellent. On the less than positive side, you are locked into a minimum 3 year contract with them and returns are paid at approximately 3 percent of a value they control. The website boast of a 5-9 percent appreciation, again information they control. I would encourage all potential investors to read all reviews and documents thoroughly. This concept has value to the right people since you no longer have to deal with tenants and maintenance cost. But you will permanently lose control of your asset.

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