The Work Index by Flexa

Flock Homes

Flock Homes is a real estate investment platform that enables landlords to exchange their rental properties for passive ownership in a diversified, low-cost real estate fund.

https://flockhomes.com/
5.2

/10

Transparency ranking

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Description

Flock Homes is a real estate investment platform that provides a tax-advantaged way for individual landlords to exit their rental properties while preserving their equity and generating passive income. Their service centers around the 721 exchange, a tax strategy traditionally used by institutional investors that allows landlords to seamlessly exchange their rental properties for direct ownership in Flock’s diversified real estate fund, avoiding capital gains taxes.

Flock Homes manages a growing portfolio of single-family and multi-family homes across the United States. They handle all aspects of property management, including maintenance, tenant screening, and rent collection, allowing investors to enjoy passive income without the hassles of traditional property ownership. They offer a streamlined, tech-enabled platform for onboarding and managing investments, providing transparency and accessibility for their clients.

Flexibility

Flock Homes offers the ability to work remotely for some roles, as indicated by a mention of "remote-first" in their job postings. While specific details about the extent of flexibility are not available, they do appear to value remote work options.

Mission

Flock Homes is a real estate investment platform that provides a seamless and tax-deferred way for individual landlords to exit their rental properties and retire from managing them, while still maintaining their exposure to real estate. Through a 721 exchange, landlords can trade their properties for direct ownership in Flock's diversified real estate fund, receiving passive income and avoiding capital gains taxes. Flock handles all aspects of property management, including repairs, tenant screening, and rent collection, allowing former landlords to enjoy the benefits of real estate ownership without the hassle.

Disruptor

Culture

Flock Homes cultivates a collaborative and supportive work environment where transparency and integrity are paramount. The company emphasizes teamwork and mutual respect, celebrating the individual strengths of each team member. There's a focus on professional development, with a strong emphasis on learning and growth within the company.

Agile and dynamic
Autonomous
Collaborative
Entrepreneurial
People-first
Progressive
Supportive
Transparent

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