How to Earn Out-Sized Returns by Pairing Real Estate and Innovation

Today's guest is none other than Johnny Wolf. which is elevating the home sharing concept to a new level.

Johnny Wolff is the CEO and Founder of HomeRoom Coliving – one of the fastest- growing coliving companies in the United States. After starting his career as a financial analyst in Silicon Valley (EA, SanDisk, Guidespark), he relocated to Austin, Texas to pursue real estate investing fulltime. His love for real estate investing and living with roommates motivated him to start HomeRoom in 2017, after an unusually terrible Craigslist roommate experience. In 2020, HomeRoom boasted 99% on-time rent payments, full occupancy, and zero evictions.

 

In this episode, we’re discussing…

  •        [1:17] What got him to involved in this, started thinking about the co-living space instead of just doing regular rentals?

 

  •        [3:51] What exactly is the co-living concept and what does homeroom do

 

  •        [5:46] What does he doing only single-family residences or the multifamily too?

 

  •        [6:18] Everything is controlled and based with an App

 

  •        [7:28] How do the leases work

 

  •        [8:32] How does he protect them and protect himself from all the stuff that could happen when he has three strangers in the same house together?

 

  •        [10:09] During the pandemic he did very well, how did he handle COVID on the homeroom co-living rental?

 

  •        [12:46] The future of living as being a Gen Z or millennial and their behaviors

 

  •        [17:08] How did he started with no experience and no money?

 

  •        [20:01] How does he have that many houses now, did he do it on his own or does he have investors?

 

  •        [21:06] How does people can invest with you?




Resources from Johnny

LiveHomeRoom | LinkedIn | Facebook  




ABOUT JOHNNY WOLFF

Johnny Wolff is the CEO and Founder of HomeRoom Coliving – one of the fastest- growing coliving companies in the United States. After starting his career as a financial analyst in Silicon Valley (EA, SanDisk, Guidespark), he relocated to Austin, Texas to pursue real estate investing fulltime. His love for real estate investing and living with roommates motivated him to start HomeRoom in 2017, after an unusually terrible Craigslist roommate experience. In 2020, HomeRoom boasted 99% on-time rent payments, full occupancy, and zero evictions. Sales velocity for HomeRoom is up 300% in 2021 with hundreds of happy residents across 23 cities in 3 states.

Powered by investor funds, HomeRoom recently expanded to Dallas and Austin, Texas. Johnny still lives in one of HomeRoom’s first coliving houses in Kansas City, and enjoys hanging out and surviving the pandemic with his awesome roommates - especially on chicken wing Thursdays.

Nichole Stohler