Real Estate Investing Exposure Podcast
Creating A Successful Shared Living Real Estate Company with Johnny Wolff
“Just make sure you're geared up and ready to go whatever you do because it will help you keep going if you experience that much hardship.”
—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, working for EA sand desk and Guide Spark. He relocated to Austin, Texas to pursue real estate investing full time. His love for real estate investing as he's also been investing since 2008 and living with roommates, which has done since 2002 motivated him to start homeroom in 2017 after an unusually terrible Craigslist roommate experience.
In this episode, Trevor and Johnny discuss:
What sparked Johnny's interest in real estate investing.
How Johnny managed to overcome his fears, despite the fact that he didn't know how to run figures at first, he still continued to focus on real estate investing.
How the idea of homeroom started.
The two important criteria to consider when looking for a potential property.
The benefits of homeroom rentals.
The experiences they had in the first few months of the pandemic given that they were going through the process of building the company and how they managed them.
How they switched to fully remote leasing.
The process when bringing in a new roommate.
The unusual roommate search experience Johnny had that led and motivated him to start Homeroom in 2017.