Jack and Vicki began their journey as landlords 30 years ago: after moving their family overseas for work, they transitioned their primary residence in Arizona to a rental property. Two years later, Jack and Vicki moved back stateside and chose to relocate to Seattle. They continued to manage their Arizona home as a rental as they waited for the opportune time to sell.

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About eight years after moving to Seattle, Jack and Vicki inherited four properties–three rentals (two duplexes and one SFR) and a vacant lot on which they built a new home. Soon thereafter, they added a multi-family property to their portfolio. They used property managers at first, since Jack’s career was tied to international travel, and Vicki worked full-time as a commercial architect. But as Jack’s career gradually required less travel, he was able to take on more responsibilities and self-manage their rentals.

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“I’m reaching an emotional end for being an active property manager.”

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In 2018 Jack retired from his full-time job. He and Vicki then exited two properties in their portfolio through a 1031 Exchange and a traditional sale.

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When they discovered Flock in 2021, Jack still managed their multi-family asset, and they had their last duplex on the market. The home was generating interest, but Jack and Vicki hadn’t found the right buyers. When they received Flock's mailer, they were intrigued by the benefits of a 721 exchange.

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Jack and Vicki felt the risk of joining a new company as they weighed their decision. Ultimately, Flock's strong sense of leadership, talented staff, and venture capital partners led them to contribute their duplex to Flock.

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“When Flock came up it made a lot of sense to continue with them. Getting a quarterly return is nice, and we will see where the next few years take us.”