POPULARITY
If you enjoyed this episode, or are enjoying the Scalable REI show overall, show your support by buying the Scalable REI team a cup of coffee: https://www.buymeacoffee.com/scalablereiJohnny 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. Sales velocity for HomeRoom is up 300% in 2021 with hundreds of happy residents across 23 cities in 3 states.Powered by investor funds, HomeRoom recently expanded to Dallas and Austin, Texas. Johnny still lives in one of HomeRoom's first coliving houses in Kansas City and enjoys hanging out and surviving the pandemic with his awesome roommates - especially on chicken wing Thursdays.Best Way to Contact Johnny:johnny@livehomeroom.comHelpful Links:livehomeroom.comBEST CRM THAT WE USE: Looking for the best all-in-one CRM to scale your real estate investing business? Use the link below to sign up today: https://www.gohighlevel.com/main-page?fp_ref=scalable-reiBEST PHONE SYSTEM THAT WE USE: Looking for an optimal online phone system that can forward to your cell phone, directly integrate to your CRM, and be leveraged for your remote virtual assistant team? If so, use this link to save $20 today when you open a new account: https://openph.one/referral/NpnZPxX COFFEE!!! If you feel this episode provided a ton of value, show your support by buying us a cup of coffee: https://www.buymeacoffee.com/scalablereiLET'S DO SOME DEALS!!! Contact Mason to JV/partner on deals or passively invest by either emailing him at mason@scalablerei.comSchedule a call with Mason by using this link here: https://calendly.com/mason-klement/30minFollow Mason on Instagram to learn additional real estate investing tips and tricks: https://www.instagram.com/mason_klement_scalablerei/NOTE: This description might contain affiliate links, which may pay our podcast a commission at absolutely zero cost to you. Any commissions go toward the cost of producing each episode so we really appreciate your support. In addition, depending on the vendor, you actually might even save money by using these links that you wouldn't have access to if you went directly to the vendor's website.
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. Sales velocity for HomeRoom is up 300% in 2021, with hundreds of happy residents across 23 cities in 3 states. HomeRoom recently expanded to Dallas and Austin, Texas, powered by investor funds. Johnny still lives in one of HomeRoom's first coliving houses in Kansas City and enjoys hanging out and surviving the pandemic with his awesome roommates - especially on chicken wing Thursdays. More of Johnny: Website: johnnywolff.com LinkedIn: @johnnywolff Instagram: @hmrminvest
Target Market Insights: Multifamily Real Estate Marketing Tips
Johnny Wolff, Founder & CEO of HomeRoom Coliving, is elevating the home-sharing concept to a new level. He loves to discuss why he switched careers from financial analyst to full-time real estate investor and how his startup exploded despite the global pandemic. Johnny also provides details on why coliving properties provide an excellent opportunity for substantial passive wealth in 2022, strategies for identifying properties that have above-average returns, and why coliving is the future of living for Gen Z. In our conversation with Johnny, we talked about investing in coliving properties, regulations that you need to know, how the business model works, team building and what to expect. Announcement: Download Our Sample Deal and Join Our Mailing List Coliving Properties 00:00 HomeRoom (Coliving) ~ a different approach to single family investing; 04:49 Regulations you need to know; 08:54 How to navigate through hurdles with tenants; 10:33 The business model - scaling and operations in co-living investing; 13:01 Being selective when building your team; 16:17 What to expect when investing in co-living properties; 21:09 Round of Insights Apparent Failure: Not hiring slow. Digital Resource: Latchel Most Recommended Book: The 50th Law Daily Habit: Affirmations and meditation #1 Insight for Multifamily Investing: Get in the game Best Place to Grab a Bite in Kansas City: Joe's Barbeque Contact Johnny: To learn more go to livehomeroom.com Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.
Johnny Wolff is the CEO and Founder of HomeRoom Coliving – one of the fastest growing co-living 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 fulltime. 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. Sales velocity for HomeRoom is up 300% in 2021 with hundreds of happy residents across 23 cities in 3 states. Powered by investor funds, HomeRoom recently expanded to Dallas and Austin, Texas. Johnny still lives in one of HomeRoom's first co-living houses in Kansas City, and enjoys hanging out and surviving the pandemic with his awesome roommates - especially on chicken wing Thursdays. For more on Johnny & HomeRoom: http://www.livehomeroom.com LinkedIn: http://www.linkedin.com/in/johnnywolff/ Facebook: http://www.facebook.com/livehomeroom The Moorhead Team is excited to bring you information about investing in real estate in the Central Texas area! More information can be found at our website at www.themoorheadteam.com and our YouTube page The Moorhead Team. We're always aiming to bring you great free content about investing in real estate in Austin, TX!
In this episode Tyler Sheff and Mike Marino interview the CEO of the coliving management company Homeroom.com which is a revolutionary coliving platform Coliving provides an affordable and convenient living option for millennials on the move. The platform offers private rooms, communal spaces, and all the necessary amenities to make life easier. With Homeroom.com, users can save time and money while exploring different cities, meeting new people and creating unique experiences. This platform has numerous benefits when it comes to coliving such as: increased safety, flexible rental terms, ability to live in a variety of locations, access to essential amenities like high-speed internet, shared spaces for socializing or work, cost savings due to shared utilities and more. Homeroom.com is an ideal solution for anyone looking for a hassle-free living experience without having to worry about long-term commitments or hidden costs. Dive in and take a listen!
The average rent by the room is 50% higher than the traditional house model. Craig Curelop and Zeona McIntyre discuss this with Johnny Wolff, the founder of HomeRoom Coliving. Johnny talks about how rent by the room is also more affordable overall, especially for the younger people who don't have credit yet, or just started to. With HomeRoom, it's also possible for investors to invest remotely. Join in the conversation to learn more! Rentredi You can go to www.rentredi.com and use CODE: INVEST2FI to get 50% off on your first 6 months.www.rentredi.com — CODE: INVEST2FI Kaplan Real Estate Education Visit https://www.kapre.com/ and CODE - Invest2 Air BnB Hosting courseThis course is designed to walk you step by step from purchasing a property, setting it up to rent, to becoming an AirBnb SuperHost.You can register here: https://www.stepbystepbnb.com/a/2147508384/zG79SujhLove the show? Subscribe, rate, review, & share! invest2fi.com
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 fulltime. 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. Find complete show notes and more information at therichergeek.com/podcast
Coliving has captured the attention of many as the U.S. faces an affordable housing crisis. As market demand and product rapidly grow, opportunities for investors to get involved have followed. In this episode of The Agent of Wealth Podcast, Marc Bautis is joined by Johnny Wolff, the CEO and Founder of HomeRoom Coliving, one of the fastest growing coliving companies in the United States. Wolff's love for living with roommates motivated him to start HomeRoom in 2017, after an unusually terrible Craigslist roommate experience. In 2020, the company boasted 99% on-time rent payments, full occupancy and zero evictions. In this episode, you will learn:What coliving is, and why it has grown in popularity across the nation.The typical amenities a coliving space provides, including advantages over other forms of rental housing.How coliving housing has fared during the COVID pandemic.How investors can use HomeRoom's services to transform single-family rentals into coliving properties.The future of living: How Gen Z will amplify the trends that Millennials established, such as delayed marriage and living with roommates into their 30's.And more!Resources:Episode Transcript & Blog | livehomeroom.com | livehomeroom.com/invest | Bautis Financial: (862) 205-5000
Johnny Wolff is the CEO and Founder of HomeRoom Coliving – one of the fastest-growing co-living 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 this episode, Johnny is sharing his experience with co-living and what could possibly be the future of living. To learn more about Johnny's HoomRoom, you can visit his website, here. You can also reach out to him through LinkedIn and Facebook. Do you have a story on business development, real estate investing, or other wealth-increasing tips? Please request to be a guest on the Wealth Watchers Podcast by clicking HERETo find out more about what the hosts, Adam Lendi and Justin Hoggatt, check out: happycampercapital.comFollow on Facebook @WealthWatchersCommunity or @HappyCamperCapitalSupport the show (https://www.buymeacoffee.com/wealthwatchers)
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, 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 talked about: • Johny`s Bio & Background • Co-Living Definition • Investment Journey Process • Regulatory Challenges • Performance over Pandemic • Platforms Overview • Real Estate Trends • Running business from Inception • Business Development Outlook • Criteria for Choosing Potentially Successful Real Estate Objects • Tenant's Base • Mentorship, Resources and Lessons Learned Useful links: https://johnnywolff.com https://colivfund.com
Is coliving a wise investment in real estate? With Johnny Wolff in the house, we will talk about turning coliving into a business, coliving benefits, and why it's a fantastic way to diversify your portfolio. Stay tuned! Episode notes: The benefits of coliving How to scale a coliving business The impacts of coliving in a neighborhood Coliving vs. single-family revenue stability and maintenance How to get a good balance of rental properties About 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 (EA, SanDisk, Guidespark), he relocated to Austin, Texas, to pursue full-time real estate investing. 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. Sales velocity for HomeRoom is up 300% in 2021, with hundreds of happy residents across 23 cities in 3 states. Powered by investor funds, HomeRoom recently expanded to Dallas and Austin, Texas. Johnny still lives in one of the HomeRoom's first coliving houses in Kansas City and enjoys hanging out and surviving the pandemic with his awesome roommates - especially on chicken wing Thursdays. Connect with Johnny Email: johnny@livehomeroom.com Linkedin: Johnny Wolff Facebook: Johnny Stryker Wolff Jr. Websites: HomeRoom; Johnny Wolf Linkedin: HomeRoom Facebook: HomeRoom Instagram: @livehomeroom Connect with Us! To connect with Jason Lewis, please email or call him at: Phone: (303) 949-8662 Email: crep@ecospace.com Website: Ecospace We look forward to hearing from you!
GUEST SUMMARY Today Johnny Wolff joins us in the lab. A real estate entrepreneur, Founder and CEO of HomeRoom Coliving shares with Experiment Nation how you can turn the challenges you face in your real estate journey into business opportunities, using data analysis to figure out your next move, and solving the problem of getting your investment properties rented with technology. Homeroom Coliving was born out of Johnny's problem of finding roommates for his rent hacking strategy — where he maximizes renting by the room in his investment properties. After a few years, he turned this issue into a business that simplifies remote investing and streamlines affordable renting. Johnny started investing in real estate after college and bought a single house in 2018, since then, he has worked on 140 homes across 30 cities with 1,000 tenants. With the founding of HomeRoom Coliving, Johnny and his team has successfully connected countless rental property investors seeking a turnkey experience with renters seeking quality and affordable coliving housing. If you're interested in room hacking, investing in roommate housing, and how tech may play a big role in enhancing your coverage and building a community for your business then do not miss this episode. Join us in the lab as we learn from Johnny Wolff's experience and strategies on how to earn more with roommate housing. HIGHLIGHTS OF THE EPISODE: 03:52 - Guest introduction 05:16 - Turning a problem into a business 07:44 - Johnny's first investment KEEPING IT REAL: 08:36 - Kind of property Johnny bought for starters 13:03 - Why self directed Individual Retirement Account is beneficial 16:15 - How Johnny was able to get bigger returns by having multiple people under one roof. 19:43 - Tools for data analysis 20:56 - The kind of property to look for when room hacking 24:06 - Why Johnny started self managing his roommate houses 27:21 - How Homeroom Coliving started 31:53 - What's booming right now based on analysis 35:29 - Why roommate housing earns more than a standard single family option 38:23 - What investors can expect when working with Homeroom Coliving 39:22 - Why the Homeroom app is better than craigslist 42:18 - How the Homeroom community grows 44:41 - The Homeroom app, its utility, and possible direction 47:33 - The people and books that inspire Johnny 51:16 - Best habit that serves on a day to day basis 51:44 - The biggest misconception that needs to be hurdled over NOTABLE QUOTES (KEY LESSONS): 50:50 - “Building sideways is good and it's hard but it has enabled us to offer a really unique experience for investors and tenants” - Johnny Wolff 53:29 - “If you can figure out any way to trick yourself to just jump off the cliff and into the water, then when you get into the water you learn how to swim - Johnny Wolff CONNECTING WITH THE GUEST Website: www.livehomeroom.com Website: https://johnnywolff.com/ Email: johnny@livehomeroom.com Linkedin: https://www.linkedin.com/in/johnnywolff Twitter: https://twitter.com/johnnystryker Facebook: https://www.facebook.com/livehomeroom/
What is the most stable real estate revenue model of renting? It's coliving. Matthew Sullivan's guest in this episode is Johnny Wolff, the CEO and founder of HomeRoom Coliving. Join in the conversation as Johnny spills the beans on how he overcame the challenges he faced starting up HomeRoom. What is the secret behind doing 500% more than six months before? He says momentum builds with awareness. If you want your business model to succeed, you need to educate to build trust with your investors. But first, you'll need an amazing talent base to help you. Need more tips? Don't miss out on this episode! Email: johnny@livehomeroom.com Telephone: (913) 228-0858 Website: http://www.livehomeroom.com LinkedIn: http://www.linkedin.com/in/johnnywolff/ Facebook: http://www.facebook.com/livehomeroom
Today's #RORE guest is 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 (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. Sales velocity for HomeRoom is up 300% in 2021 with hundreds of happy residents across 23 cities in 3 states. Powered by investor funds, HomeRoom recently expanded to Dallas and Austin, Texas. Johnny still lives in one of HomeRoom's first coliving houses in Kansas City, and enjoys hanging out and surviving the pandemic with his awesome roommates -especially on chicken wing Thursdays! Welcome to the podcast Johnny!Key Points From The Episode:Starting his career as a financial analyst at Silicon Valley doing analyzing real estate deals on the side.Moving to Kansas City to further build his portfolio. Formulated the HomeRoom CoLiving concept from bad roommate experiences in the past.Describing CoLiving as an idea of layering technology into roommate living and making them better. By using machine learning in pairing roommates, it becomes a better fit.HomeRoom CoLiving being an upgraded version of remote investing and roommate living.How increasing rents 50-70% is possible with roommate rentals. Roommate matching horror stories… Becoming the Airbnb of Roommate Housing.Improving tenant sourcing in the industry.Using the app, investors can manage their investments and properties seamlessly.Widely sourcing leads from different funnels and virtually checking out each property before renting out.Future goals for HomeRoom. Planning on entering 750+cities within the next few years.Roommate housing being the future.Advantages of “living as a service” model.Books mentioned:The 50th Law by Robert Greene and 50 cent
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 fulltime. 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. Sales velocity for HomeRoom is up 300% in 2021 with hundreds of happy residents across 23 cities in 3 states. Powered by investor funds, HomeRoom recently expanded to Dallas and Austin, Texas. Johnny still lives in one of HomeRoom's first coliving houses in Kansas City, and enjoys hanging out and surviving the pandemic with his awesome roommates especially on chicken wing Thursdays. Website: livehomeroom.com --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
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. Sales velocity for HomeRoom is up 300% in 2021 with hundreds of happy residents across 23 cities in 3 states. Powered by investor funds, HomeRoom recently expanded to Dallas and Austin, Texas. Johnny still lives in one of HomeRoom's first coliving houses in Kansas City and enjoys hanging out and surviving the pandemic with his awesome roommates - especially on chicken wing Thursdays.
Johnny FD interviews Homeroom CEO Johnny Wolff about co-living both as a tenant and potential investor. Then Johnny & Derek share their roommate stories, investing in Homeroom, and exploring creating your own co-living investment property. 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 fulltime. 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. Sales velocity for HomeRoom is up 300% in 2021 with hundreds of happy residents across 23 cities in 3 states. Powered by investor funds, HomeRoom recently expanded to Dallas and Austin, Texas. Johnny still lives in one of HomeRoom's first coliving houses in Kansas City, and enjoys hanging out and surviving the pandemic with his awesome roommates - especially on chicken wing Thursdays. Listen to ILAB 201 on iTunes here or subscribe on your favorite podcast app. Where we are: Johnny FD – Ukraine / IG @johnnyfdj Sam Marks – Ireland/ IG @imsammarks Derek Spartz - Venice Beach / IG @DerekRadio Sponsor: Flippa Visit Flippa.com/boss today to get the best price for your online business or register as a buyer and tap into the many businesses up for sale. Support Invest Like a Boss: Join our Patreon Discussed: HomeRoom: Coliving Rooms | Best Property Investment Marina del Rey, CA Co-Living Building Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) *Johnny and Sam use all of the above services personally. Time Stamps: 17:34 – How does it work for a tenant? 21:17 – Can you explain why they are all 1 bedroom 1 bathrooms? 21:58 – What other fees are there for the tenant? 23:25 – How does it work for an investor? 26:30 – How did you calculate the numbers for the investment? 29:46 – What happens if the real estate market drops? 30:59 – How do you guarantee a monthly rent? 31:25 – Do you have to be accredited or do you have to be in the US to invest? 32:26 – What are the steps to be taken in order to invest? 35:02 – What kind of contract do you have with the investor? 37:02 – What are the policies if the owner wants to move in? 40:26 – Johnny and Derek review If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2021. All rights reserved. Read our disclaimer here.
CEO and Founder of HomeRoom Coliving. He is excited to partner with real estate investors to bring Coliving to the Midwest & Texas. He has over a decade of real estate investment and remote property management experience from building and managing his personal real estate portfolios (currently located in Austin, Houston & Kansas City) - and love using that accumulated experience to find awesome properties for our investors. (00:02 - 2:01) Opening Segment - Introduction of the host into the show - Alpesh introduces the guest of the show, Johnny - Johnny shares something interesting about himself (2:01 - 28:36) Corporate America to 100+ Rental Units -What was your very first real estate investment - How did that first investment work out for you? - Is now a good time to invest in real estate? What do you think? - What does HomeRoom do? -How do you identify properties that will generate average returns? -What kind of data does your data scientist look at? -Can you share the number on one property let's say Dallas, how it was acquired, what was the price paid, and what it's rented now? -Is there a minimum bedroom, bathroom size that you look for in a home, or if it's not there you look into converting? -Does the investor needs to deal with the contractors -What does your property management or the coliving management fee -What does that 15% include? -How did you get this idea about HomeRoom? What was your journey? -What kind of insurance requirement will investors have? - Have you been through some horror stories? -What kind of rules do you put in place? Are the rules similar for the Dallas market, to Austin, to Kansas City? or do you have to differentiate for another market? -How does the contract between you and the landlord work? and how does it work between you and tenants? -Are you looking into other markets other than these three markets you are in? (28:36 - 29:05) Break - Welcoming listeners and guest back to the show (29:05 - 32:01) Fire Round - Will Johnny change the business strategy after Coronavirus? – Johnny's favorite real estate, finance, or other related books – Tools or website Johnny recommends – How does Johnny give back? – How can Wealth Matters Podcast listeners reach out to Johnny? (32:01 - 32:22) Closing Segment -If you want to learn more about the discussion, you can watch the podcast on Wealth Matter's YouTube channel and you can reach out to Alpesh using this link. Facebook: @wealthmatrs IG: @wealthmatrs.ig Tiktok: @wealthmatrs
Did you know that you can maximize your ROI by co-living with your tenants? Check out this episode with Johnny Wolff and learn how to create passive income with this great investment strategy, plus a few tricks that will make your property management a lot easier. Key takeaways to listen for How this real estate investment strategy works Why you should consider house hacking as your first investment Is house hacking a good option for cash flow? Type of loans and properties to look for How technology has impacted property management About Johnny Wolff Johnny Wolff is the CEO and Founder of HomeRoom Coliving – one of the fastest-growing co-living 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. Sales velocity for HomeRoom is up 300% in 2021 with hundreds of happy residents across 23 cities in 3 states. Connect with Johnny Website: www.livehomeroom.com LinkedIn: Johnny Wolff E-mail: johnny@livehomeroom.com Connect with Leigh Please subscribe to this podcast in iTunes or in the Podcasts App on your phone, and never miss a beat from Leigh by visiting https://leighbrown.com. DM Leigh Brown on Instagram or on Twitter or any social networks by clicking here. Subscribe to Leigh's other podcast Real Estate From The Rooftops! Sponsor If you're tired of doing real estate alone, enroll in Leigh Brown University and be sure to use your special “CSIRE” discount code at checkout for $10 off your subscription.
“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 WolffJohnny 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.
Todays guest is Johnny Wolff, CEO and Founder of HomeRoom Coliving – one of the fastest- growing coliving companies in the United States with hundreds of tenants in five US markets. Co-living is where you rent homes by the room and enjoy corresponding higher returns as a result. During this wide ranging conversation, Johnny and I discuss: His early career in Silicon Valley Moving to Texas and experimenting with the co-living investment model The difficulties experienced setting up and scaling a co-living business How they work with investors to expand and create win-win scenarios The demographics who enjoy living with roommates Why demand from millennial and Gen-Z is growing The property types used to maximize returns And much more! Contact Johnny Wolff: http://www.livehomeroom.com johnny@livehomeroom.com https://www.linkedin.com/in/johnnywolff/ https://www.facebook.com/livehomeroom
Today we're going to talk about one of my favorite topics – demographics. Specifically, how Generation Z is going to amplify the trends that millennials have already established, such as delaying marriage and living with their friends into their 30's. It pays to understand these trends and the disruption they create in the traditional rental housing market. Concepts such as Shared Housing and Coliving are being monetized by savvy investors who see this as a lasting and lucrative trend. My guest today is one of those investors. Johnny Wolff has roots in Silicon Valley and is the CEO and Founder of HomeRoom Coliving, which is one of the fastest growing coliving companies in the United States. Today Johnny is going to compare and contrast the Millenial and Gen Z demographics and explain the minimum and maximum technology and services they expect to encounter when renting. Johnny will share the app he uses to create 3D tours, floor plans and dimensions of his properties, and the way he conducts his virtual tours and video interviews. We'll also talk about the type of property that works well for coliving, and how Johnny maximizes the space by adding bedrooms in order to increase rent income per square foot. If you're looking for ways to add upside value to the traditional rental housing model, then you definitely want to hear how Johnny is increasing net income by over 30%. You can find out more about Johnny and HomeRoom Coliving through email: johnny@livehomeroom.com or website: https://livehomeroom.com Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com
On this episode, we're talking Millennial and Gen Z real estate trends, coliving, startups, and real estate investing with CEO and Founder of HomeRoom Coliving, Johnny Wolff!Watch at YouTube.MatthewMa.com!Johnny Wolff is the CEO and Founder of HomeRoom Coliving – one of the fastest growing coliving companies in the U.S. After starting his career as a financial analyst in Silicon Valley, he relocated to Austin, Texas to pursue real estate investing. A terrible roommate experience inspired him to found HomeRoom Coliving. Sales velocity for HomeRoom is up 300% in 2021 with hundreds of happy residents across 23 cities in 3 states. Reach out to Johnny Wolff at johnny@livehomeroom.com.Connect:Facebook: https://www.facebook.com/JohnnyStrykerLinkedIn: https://www.linkedin.com/in/johnnywolff/Website: https://livehomeroom.com/Leave a review on iTunes and let me know what you think !Host: Matthew MaMatthew Ma is an Investor, Syndicator, Founder, Coach, and Podcast Host. He's a Broker Associate with eXp Realty and strives to help agents grow their business with proven, effective methods learned from experience. Through his podcast, The Truth About Real Estate, and Avant University, he educates buyers, sellers, investors, and real estate agents on the current state of the market, how to use innovations in technology, sales, and marketing to build a scalable business. As an investor and syndicator with Avant Asset Management, he's dedicated to client success by building wealth through investments in apartment building syndications. Reach out to Matthew Ma at Matt@MatthewMa.com.
On this episode, we're talking Millennial and Gen Z real estate trends, coliving, startups, and real estate investing with CEO and Founder of HomeRoom Coliving, Johnny Wolff!Watch at YouTube.MatthewMa.com!Johnny Wolff is the CEO and Founder of HomeRoom Coliving – one of the fastest growing coliving companies in the U.S. After starting his career as a financial analyst in Silicon Valley, he relocated to Austin, Texas to pursue real estate investing. A terrible roommate experience inspired him to found HomeRoom Coliving. Sales velocity for HomeRoom is up 300% in 2021 with hundreds of happy residents across 23 cities in 3 states. Reach out to Johnny Wolff at johnny@livehomeroom.com.Connect:Facebook: https://www.facebook.com/JohnnyStrykerLinkedIn: https://www.linkedin.com/in/johnnywolff/Website: https://livehomeroom.com/Leave a review on iTunes and let me know what you think !Host: Matthew MaMatthew Ma is an Investor, Syndicator, Founder, Coach, and Podcast Host. He's a Broker Associate with eXp Realty and strives to help agents grow their business with proven, effective methods learned from experience. Through his podcast, The Truth About Real Estate, and Avant University, he educates buyers, sellers, investors, and real estate agents on the current state of the market, how to use innovations in technology, sales, and marketing to build a scalable business. As an investor and syndicator with Avant Asset Management, he's dedicated to client success by building wealth through investments in apartment building syndications. Reach out to Matthew Ma at Matt@MatthewMa.com.
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. Sales velocity for HomeRoom is up 300% in 2021 with hundreds of happy residents across 23 cities in 3 states. Powered by investor funds, HomeRoom recently expanded to Dallas and Austin, Texas. Johnny still lives in one of HomeRoom's first coliving houses in Kansas City and enjoys hanging out and surviving the pandemic with his awesome roommates - especially on chicken wing Thursdays. Show notes at REIMastermind.net
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. Sales velocity for HomeRoom is up 300% in 2021 with hundreds of happy residents across 23 cities in 3 states. Powered by investor funds, HomeRoom recently expanded to Dallas and Austin, Texas. Johnny still lives in one of HomeRoom's first coliving houses in Kansas City and enjoys hanging out and surviving the pandemic with his awesome roommates - especially on chicken wing Thursdays. Show notes at REIMastermind.net
For our #TechandTacticsTuesday, we have as our guest, Johnny Wolff, CEO and founder of HomeRoom Coliving – one of the fastest-growing coliving companies in the United States. In this episode, you'll learn about his own coliving code and how you can partner with him as an investor or a property owner.Coliving is a thriving venture capital mostly in the multi-family space. There is currently a high demand for occupancy. Even through the pandemic, they were able to continue leasing. One of the few challenges they faced was having a couple of Covid cases among their roommates. However, they were able to successfully handle and overcome those challenges. Moving forward, they developed a tech that enabled them to do remote leasing. Find out more on this episode!
Johnny is the CEO and Founder of HomeRoom Coliving, one of the fastest-growing coliving companies in the United States. At HomeRoom, Johnny educates investors on taking current properties and redesigning them into lucrative, coliving dreams. This is the first co-living investment platform that makes it easy for investors to buy, lease, manage, and sell properties. Through its efficient delivery of upscale roommate housing, it satisfies the unique needs of early-stage professionals and provides investors with premium, worry-free returns. [00:01 - 04:59] Opening Segment Johnny introduces himself and HomeRoom Coliving What is coliving? [05:00 - 12:05] Increase your Cashflow with Coliving Johnny's coliving strategy Making coliving comfortable for all How to Manage Coliving Investments Coliving holds many opportunities Millennials versus Generation Z [12:06 - 22:24] The People in Coliving Wear and Tear on Properties and Security Deposits The Most Destructive Folks in the World Fair Housing Johnny talks about the system in their coliving housing [22:25 - 30:44] Closing Segment Quick break for our sponsors Groundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started. What is the best investment you've ever made other than your education? A duplex in Austin Johnny's worst investment Following a 1% rule What is the most important lesson that you've learned in business and investing? “Finding really high end team members and mentors in the specific skill sets that you're the weakest in is how you kind of uncap your potential and what you can do.” Connect with my guest. See the links below. Tweetable Quotes: “There's accountability in properties.” - Johnny Wolff “Coliving vacancy can be less painful.” - Johnny Wolff “It's really about underwriting every deal.” - Johnny Wolff “You can find help in areas you need that can upcap you and help bridge your weaknesses to find high levels of success.” -Johnny Wolff ------------ Connect with Johnny through johnny@livehomeroom.com, Facebook, LinkedIn, and http://www.livehomeroom.com Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/ Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes