Knox Announces Realtor Partner Network to Help More People Build Wealth Through Investment Property Ownership

Network provides realtors with tools and resources for attracting more investment property buyers

June 11, 2019 — Knox Financial, a fintech company that is making investment property ownership simple, today announced the Knox Realtor Partner Network. This new program is designed to help realtors sell homes to people who are interested in building wealth through investment property ownership.

“Many realtors have networks of past and potential clients who want to build wealth through real estate, but either aren’t sure how to get started, or don’t want to take on the responsibilities of becoming a landlord,” said Dave Friedman, CEO and co-founder of Knox. “We’re offering relators tools and techniques that help them identify which of their previous buyers are ready to be investment property owners, and sell investment properties more effectively.”

Realtors who join the Knox network can offer prospective investment property buyers confidence that they are making sound purchasing decisions. Prior to buying an investment property, Knox forecasts how the home would perform as an investment property, and offers this forecast free-of-charge. Knox also equips relators with the tools and resources they need to identify which of their previous buyers are good candidates for investment property ownership, and to address commonly asked questions about investment property ownership.

“The biggest concerns prospective investment property buyers have are often about the headaches that come with finding tenants and maintaining the property,” said Spencer Taylor, COO and co-founder of Knox. “Working with Knox, realtors can assure their clients that they can reap the benefits of investment property ownership, without having to handle any landlord responsibilities.”

After the realtor sells an investment property, the buyer has the option of enrolling the home in the Knox Frictionless Ownership Program. Knox manages every aspect of investment property ownership, from finding tenants to collecting rent and maintaining properties. Knox also ensures that properties are rented at optimal rates and maintained efficiently, making investment properties more profitable for their owners. Once a home is enrolled in the Knox program, the homeowner receives a payment each quarter as a passive investor while continuing to own 100% of the equity in the home.

To learn more about the Knox Realtor Partner Network, visit https://knoxfinancial.com/realtors/

About Knox FinancialThe Knox Platform delivers frictionless ownership, enabling flexible lifestyle choices and superior wealth creation. To learn more, visit www.knoxfinancial.com.

Why Knox Gives You An Investment Edge?

The Knox investment edge is made possible through wealth creation from passive income and value growth. Knox Financial was founded on the premise that your home is your best investment. We already knew that a majority of household wealth was being built through home ownership. We wanted to know just how well real estate performed vs. other investment options. What we found astonished us; the data showed that if an investment property could have been placed in the Knox program in 1998, it would have produced a 369% greater return than the same investment made in the S&P 500 over a 20-year period.

Many Americans do not take advantage of investment property ownership because of the time and hassle associated with managing income property. The Knox Platform was built to turn this hassle into a simple, painless process we call Frictionless Ownership.

Frictionless Ownership enables a broad range of homeowners – middle-income, millennial, to earners, and retirees to name a few – to put the equity in their home to work like never before. By removing all of the work associated with investment property ownership, we empower homeowners to pursue alternative investment strategies and hedge the housing market, all while generating passive income and market-beating returns.

Knox has launched in Boston real estate market because, as a top-10 market, there is no better place to show the American public what Frictionless Ownership can do for their financial futures. Want to see what Frictionless ownership can do for you?

April 9, 2019, Press Release – Knox Financial Announces Mortgage and Insurance Partners

Partnerships with Own Up and Stanton Insurance focus on providing Knox customers with best-in-class home financing and investment property insurance  

April 9, 2019 — Knox Financial, a fintech company that is democratizing access to investment property ownership by making it easy to turn a home you’re moving out of into an income unit, today announced that it has partnered with Own Up and Stanton Insurance. These partnerships enable Knox to offer its customers best-in-class solutions for securing mortgages and investment property insurance through the Knox Frictionless Ownership Platform.

“For homeowners who are ready to move, Knox is committed to helping them build long-term wealth, far beyond what they would if they put their homes up for sale,” said Dave Fridman, CEO and co-founder of Knox. “We thought a lot about this commitment as we were building the Knox Frictionless Ownership Platform, and it was important to us that we partner with companies who share our mission of helping homeowners make sound financial decisions.”  

Knox Financial’s partners include:

Own Up

Own Up offers a new approach to help people get the lowest rates on their mortgages. Own Up has built a model that aligns its interests with those of its customers, allowing the company to be truly objective when assessing each mortgage loan applicant’s options. Own Up’s customers save an average of $21,000 over the life of their loan. As part of their partnership with Knox, Own Up will help Knox customers secure mortgages on their new homes when they are ready to move.

Stanton Insurance

Stanton Insurance is an independent agency based in Waltham, MA that provides auto insurance, personal insurance and business insurance to residents and businesses throughout Massachusetts. Founded in 1907, the company is made up of a highly educated team who stays on top of industry trends to bring customers superior insurance coverage at an affordable price. Knox is partnering with Stanton Insurance to provide insurance for Knox customers’ investment properties.

“Putting homeowners’ best interests first is a core value of both Own Up and Knox,” said Mike Tassone, COO and co-founder of Own Up. “We’re confident that Knox customers will appreciate the transparency, honesty, and simplicity we bring to the process of finding a mortgage.”  

For homeowners who are ready to move or landlords who no longer wish to manage their properties, Knox allows them to choose a wealth-building alternative to selling their properties. The Knox Frictionless Ownership Platform features a simple and hands-free process for turning a home into an income property, managing that income property, and securing the appropriate financing for a new home. Once a home is enrolled in the Knox program, the homeowner receives a payment each quarter as a passive investor while continuing to own 100% of the equity in the home.

The Knox Frictionless Ownership Platform is currently available to qualified homeowners in the Greater Boston area at www.knoxfinancial.com.

About Knox Financial

The Knox Platform delivers frictionless ownership, enabling flexible lifestyle choices and superior wealth creation. To learn more, visit www.knoxfinancial.com.

April 2, 2019 — Knox Financial Hires Industry Leaders in Property Management, Finance, and Marketing

Knox Financial Hires Industry Leaders in Property Management, Finance, and Marketing

Expanded team to focus on scaling fintech company’s frictionless solution for turning homes into investment properties

April 2, 2019 — Knox Financial, a fintech company that is making investment property ownership simple, today announced that it has expanded its management team with a number of new hires, including vice president of finance, director of property management, director of digital and data strategy, and brand advisor.

“We’re working to change the home ownership pattern for millions of people. In order to offer homeowners a truly better alternative to selling their homes when they move, it is essential that we build an incredible team,” said Dave Friedman, CEO and co-founder of Knox. “All Knox leaders have proven track records in their respective fields. Together, we will make the transition to and ownership of income property frictionless for homeowners who put their homes on the Knox Platform.”

Knox Financial’s new hires include:

  • Monica Poirier, Vice President of Finance—Monica brings to Knox more than two decades of experience in the banking and financial services industries, with a focus on architecting and applying technology to enhance business processes and reduce costs. Poirier previously served as SVP of finance and reporting at Berkshire Bank, senior director of finance at Fidelity Investments, and senior business analyst at Putnam investments.
  • Daniel Rhault, Director of Property Management—Rhault began his career leading property management efforts for some of Boston’s most well-respected realtors and property management companies, including Dolben Company, Brigham Circle Realty, and Waterstone Properties Group. He has spent the last decade growing his own property management company, Rhault Properties.
  • Jeff Durso, Director of Digital and Data Strategy—Jeff Durso is an accomplished technology entrepreneur and marketer, with a proven track record of scaling companies across industries. Previous roles included co-founder and CEO of DestinationWeddings.com, which was ranked as high as #140 on the Inc. 500 list; President of Native Brain, a math education app that was ranked as high as #2 in the Education section of the Apple app store; and CEO of IT Consultancy OEC, which was acquired by C-bridge.
  • Marc Karasu, Brand Advisor—As an advisor to Knox, Karasu brings more than two decades of experience leading marketing and creative efforts for global fintech brands. Previous roles included vice president of marketing for Betterment, CMO of Clarity Money, CMO of Manilla, and interim CMO of Ellevest. Karasu also served as VP of for HotJobs.com, which was acquired by Yahoo! for $400M.

For homeowners who are ready to move or landlords who no longer wish to manage their properties, Knox allows them to choose a wealth-building alternative to selling their properties. The Knox Frictionless Ownership Platform features a simple and hands-free process for turning a home into an income property, managing that income property, and securing the appropriate financing for a new home. Once a home is enrolled in the Knox program, the homeowner receives a payment each quarter as a passive investor while continuing to own 100% of the equity in the home.

The Knox Frictionless Ownership Platform is currently available to qualified homeowners in the Greater Boston area at www.knoxfinancial.com.

About Knox Financial

The Knox Platform delivers frictionless ownership, enabling flexible lifestyle choices and superior wealth creation. To learn more, visit www.knoxfinancial.com.

Knox Launch Release

Knox Financial Raises $1.4 Million and Launches Platform to Democratize Income Property Ownership

Available in the Boston area real estate market starting today, the Knox Frictionless Ownership Investment Platform offers homeowners a way to build wealth that has traditionally been reserved for the upper class

March 11, 2019 — Knox Financial, a fintech company that is making investment property ownership accessible and frictionless, today announced that it has raised $1.4 million in seed funding and launched the Knox Frictionless Ownership Investment Platform to Boston area homeowners.

“From families who decide their home is no longer big enough to retirees who want to downsize, moving creates an incredible investment opportunity to turn a home into an income property. Unfortunately, many homeowners today don’t even consider this option, or decide against it because of the complexities associated with setting up and running an income property,” said David Friedman, CEO and co-founder of Knox Financial. “Knox is committed to making the transition to and ownership of income property frictionless, removing the barriers that can prevent homeowners from making an investment that the wealthiest individuals and people in the real estate business often pursue. ”

According to Urban Institute, between 2007–2017 average home prices in Boston, Cambridge, and Somerville increased by 61 percent, 76 percent, and 89 percent, respectively. Starting today, Knox is offering an investment alternative for Boston-area homeowners who would typically sell their home when they move, allowing them to continue to build wealth and generate income from their properties without taking on the burdens of being a landlord.

The Knox Frictionless Ownership Investment Platform features:

  • Streamlined application process: Homeowners who would like to learn more about working with Knox can go to www.knoxfinancial.com and apply. Applicants can then schedule a no-strings consultation with a Knox home expert to evaluate their home’s fitness as an income investment.
  • Frictionless income property conversion and ownership: For qualified homes, Knox provides Frictionless Ownership, a white-glove service that turns the home into an income property. The Knox team will visit applicants’ homes to walk through the process, find the right insurance policy, manage all paperwork, and handle all property management and landlord responsibilities once the income property transition is complete, from advertising the unit for rent to managing rental payments and property upkeep.
  • Financing assistance for a new home: Knox works with each customer to find the proper financing solution for their needs, often allowing homeowners to keep the low interest mortgages they already enjoy. For people who are purchasing a new home as part of their move, Knox can facilitate a refinancing process to help secure the necessary down payment.
  • Distributions to homeowners: Once their home is enrolled in the Knox platform, homeowners become passive investors, receiving a distribution each quarter. Payment to a Knox customer is the difference of the rent paid by the tenant less the operating costs, which include mortgage, tax, and insurance payments, property management fees, and maintenance costs.

“When people choose the Knox Platform, not only will they have more flexibility in where and how they choose to move. They’ll also be choosing an investment that will help balance their portfolios and have far greater returns than what they could get through traditional investment options,” added Spencer Taylor, COO and co-founder of Knox Financial.

To validate the performance potential of Knox’s proprietary approach for turning homes into income properties, Knox conducted a market study leveraging publicly available data from the Case-Schiller index of national home prices and historical performance of the S&P 500. The data shows that if an investment property could have been placed on the Knox Platform in 1998, today it would have produced a 369% greater return than the same investment made in the S&P 500. The white paper can be found here.

To learn more about Knox Financial, visit www.knoxfinancial.com.

About Knox Financial

The Knox Platform delivers frictionless homeownership, enabling flexible lifestyle choices and superior wealth creation. To learn more, visit www.knoxfinancial.com.