Investing in Coliving Properties with Johnny Wolff, Ep. 505

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.