The Richer Geek
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 full-time. 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