MAREI PartnerCast
Should You Add Coliving to Your Portfolio | Shared Living as an Investment Strategy
In today’s MAREI PartnerCast, Johnny Wolff, the CEO of HomeRoom explains why you need to take a look at coliving either as an Investment or as an Affordable Housing Solution.
Johnny started his career in Finance in Silicon Valley after college. Finding that he wanted to buy a house but could not afford one in Silicon Valley, he started house hacking and taking on roommates. In that process of finding a way to effectively find roommates and collect rents from different renters, he founded HomeRoom.
Not quite the returns of an Airbnb, but much less labor-intensive and with fewer turnovers, less wear and tear on your home, CoLiving can be a much better profit proposition that a standard rental.
HomeRoom, one of the fastest-growing co-living companies in the US, serves a few markets and is seeking to expand as the demand for affordable housing increases. Find out who the typical renter is, what you need in amenities, how they match roommates, and more on today’s episode. You schedule a call with Johnny and his team at https://livehomeroom.com/invest to explore options of acquiring a property or converting a property you already own. Be sure to let them know you saw him on the MAREI PartnerCast!
If you have any questions, please comment below. We will make sure they get to Johnny. If you found this episode interesting, please give us a like and be sure to subscribe to get the latest episode.