Increase your Cashflow with Coliving with Johnny Wolff

Increase your Cashflow with Coliving with Johnny Wolff

Increase your Cashflow with Coliving with Johnny Wolff

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
  • 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 [email protected], Facebook, LinkedIn, and http://www.livehomeroom.com 

This episode is brought to you by Roofstock, the world’s largest residential real estate investing marketplace. Open an account for free and start browsing turnkey investment properties today.

We are also supported by You Need a Budget. YNAB is a different kind of personal financial tracking company. They’ll help you track and plan your money with your priorities in mind. Open your trial account today and give it a shot!

About the Host

Taylor on stage

Hi, I’m Taylor. To date I’ve acquired or partnered on over $250 Million in Commercial Real Estate Investments. I help busy professionals invest in multifamily and self storage real estate through my company NT Capital

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Real Listener Reviews

Extremely useful podcast
Extremely useful podcast
@thehappyrexan
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Short, impactful with excellent guests. If you have a full time W-2 job or business and are looking for ways to get involved in real estate on the side, this is for you.
Simple & effective information!
Simple & effective information!
@jjff0987
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This podcast is worth listening to for investors at all levels. The information is simplified for the high level investors but detailed enough to educate seasoned investors about nuances of the business. I recommend!
Awesome Podcast!!!
Awesome Podcast!!!
@Clarisse Gomez
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The host of Passive Wealth Strategies for Busy Professionals podcast highlights all aspects of real estate investing and more in this can’t miss podcast! The host and expert guests offer insightful advice and information that is helpful to anyone that listens!
Great podcast!
Great podcast!
@Owchy
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Love all the information and insights from Taylor and his guest. Fun and entertaining. Highly recommend.
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