Increase your Cashflow with Coliving with Johnny Wolff

Passive Wealth Strategy Show - Real Estate for Busy Pros

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

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Connect with Johnny through [e-mail], 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.

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