Kerry Lutz's--Financial Survival Network

Monetize Your Roommates with Johnny Wolff

Johnny Wolff of www.livehomeroom.com discussed his business, which provides investors a means of renting out homes by the room rather than by the entire home. He explained that this can result in up to 50% more rent and that the average tenancy length is 16 months. He also discussed the key demographic of 18-35 year olds, who are looking for a more flexible and social way to live that is also more affordable. He also discussed the services they provide, such as roommate screening, judgment searches, evictions, and criminal record searches.