RG 289 - Should You Invest in Co-Living Spaces? – w/ Johnny Wolff

We have a hot new topic to talk about today: co-living! Join Johnny Wolff and I as we talk about modernized co-living, investing in co-living facilities, the benefits of co-living on both ends of the spectrum, and more. Johnny Wolff is the CEO and Founder of HomeRoom, one of the fastest-growing co-living companies in the United States. HomeRoom makes it easier for renters to look for short-term housing and, at the same time, provides an avenue for investors to find renters in a more structured set-up. While co-living is not a new concept, HomeRoom has transformed this type of housing into something more accessible, more harmonious, and ultimately—more profitable. Johnny walks us through the concept of co-living and how his company maintains standards in roommate set-ups. He also explains how companies like HomeRoom influence the sharing economy, as well as what co-living accomplishes for the average U.S. renter. And, of course, we talk about how he and his team choose where, when, and how to invest in perfect properties for co-living. Co-living is a new take on the boarding house concept, and HomeRoom is one of the few companies that involve investors in the equation. If you want to learn more about co-living, how to invest in a co-living property, and the benefits of co-living (for both renters and investors), click ‘Play’ now. KEY TAKEAWAYS 1. You don’t have to own things to be happy. 2. Co-living allows people not to be stuck in one place. 3. There is generally natural accountability that comes with a shared living set-up. 4. There is a lot of money in the sharing economy, especially in housing that is a current dire need. LINKS https://www.linkedin.com/in/johnnywolff https://livehomeroom.com/ Want to invest in my deals? - Click Here to Find out More! reedgoossens.com/investment-portfolio/