Roofing companies have an amazing niche control for their profits. Much like a mechanic who will always have work just as long as people drive cars, roofers will always find work. Everyone has a home that needs shelter from the elements.
What surprised us was the fact that these companies were able to get first hand looks at properties that were there for the taking as investments. They already knew it would have a roof done by the them right?
They then get intel on the property's neighborhood and what kind of shape it is in. They also are able to determine how old the houses are. They take all this information and scope out homes that are either already for sale or if a home is asking for a cost estimate for their closing material oftentimes the roofing company will get in first in purchasing the property.
They can work in conjunction with a property management company and general contractor for keeping the place in top shape and ready for renters.
We asked a company in the area if they did this and they said, "Absolutely, in this market it really gives you an advantage among standard investors. I also have worked for an investor as a boots on the ground approach to deliver intel to them on certain properties."
There is software of course and Google that show many of these things already but sometimes there is nothing like real eyes taking in the stuff in real time.
Guess we should start hiring roofing companies to do this work for us. We love making smart investments.