Real Estate Investing For Cash Flow

Real Estate Investing, the Shared Living Business Model, and So Much More with Johnny Wolff!

Johnny Wolff is a real estate and shared living expert.

Johnny’s love for real estate investing and living with roommates motivated him to start HomeRoom in 2017. As CEO and Founder of HomeRoom, Johnny has helped lead one of America’s fastest-growing co-living companies. And over the past year alone, his company did numbers boasting 99% on-time rent payments, full occupancy, and zero evictions.

Quote:

“We call it ‘roommate living with luxury apartment amenities’ or ‘concierge service’

“We are the platform, right? Our goal is to, over time, become similar to an airbnb but for the living space.”

“With shared living we can get up to 70% more in a single-family home, versus as its being rented by one person. So that extra revenue allows investors to make quite a bit more money.”

Highlight:

02:05 – Johnny tells us more about himself and how he found himself in this part of real estate.

04:57 – Johnny tells us more about different aspects of his business model.

06:27 – Johnny talks about his experience with online shared living events before and during the pandemic.

07:18 – Johnny discusses HomeRoom’s role in the real estate space.

07:50 – Johnny gives an overview of what shared living operations look like.

10:15 – Johnny provides insight into what the average increase return looks like for Home Room.

12:40 – Johnny lists the criteria that allow a shared living home to be successful.

14:10 – Johnny provides us with an overview of the next few years for Home Room.

16:27 – Johnny tells listeners one thing he wants you to know about the advantage of shared living investing.

19:21 – Johnny explains the regulatory risks to this business model.