Coliving in the Midwest of US? 100% Occupied, Cash-Flow Positive | Johnny Wolff, Founder of HomeRoom

Podcast
Written By Johnny Wolff

The Coliving Code Show hosted by Christine McDonnell

Coliving in the Midwest of US? 100% Occupied, Cash-Flow Positive | Johnny Wolff, Founder of HomeRoom

Johnny Wolff has been immersed in real estate across the U.S. for years. After spending 10 years in Silicon Valley living in roommate houses and working in finance, he moved to Austin to invest in real estate and rented out homes by the room. Johnny then moved to Kansas City in 2018 and had a tough time finding good quality roommate housing. In response to this, he decided to start a roommate house company in June of 2018 while on vacation. HomeRoom is now up to 19 houses and 107 rooms today while being cash flow positive with zero vacancies. Johnny is still fine-tuning the model but is happy with the progress. He is excited to bring Coliving to the Midwest and serve this need in the market!

Johnny Wolff
REI Expert
CEO/Founder of HomeRoom Coliving

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.

https://johnnywolff.com/
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