HomeRoom
We Rent Your Property by the Room. You earn 50% more Rent.
About HomeRoom
Homeroom helps investors provide affordable housing while making a 22% ROI.
We do this by sourcing properties, arranging capital, managing construction, vetting tenants and collecting rent by the room. To date, Homeroom has brought on 85 property investors, growing 6X annually, are bringing in 420K in annualized net-revenue
How it works:
We help investors buy homes in cities that are attractive to young people, but lack affordable housing options. We then renovate and after about 20 days, the home is ready and we find qualified renters by the room.
We launched in 2018 in Kansas City with 1 home. We now have 105 homes in 31 cities. In 2021, we grew rental GMV to $1.8M (300% YoY growth). Our average rent across every property is $458, which is about 50% lower than market comps, and our investors see returns up to 50% higher.
We are HomeRoom. Johnny is the financial analyst/domain expert. Thomas is a cereal entrepreneur with a PHD in ML, and Mike hacked growth for Airbnb and Facebook.
Company details
Funding
Total raised
$1M
Last stage
Pre-seed
Investors
Founders
Thomas Hornbeck
I'm a serial entrepreneur who has founded multiple tech startups, including GotIt! (EdTech), Distynct (AgTech), and Homeroom (Coliving/PropTech) YC W'22. PhD (abd) in Computer Science, dropped out in the 5th year to start my first company. I moved to Silicon Valley in 2013 and built an EdTech app that ended up #2 in Education on the AppStore. I've been an angel investor in a few startups Jobhop (HR Tech company in Vietnam) and LegalQ (TechStars '21), and Venture Partner at Kind Capital.
Johnny Wolff
Financial analyst turned real estate investor; started HomeRoom in 2018 in Kansas City. Featured in Forbes Next 1000.
LinkedInMichael Tich
Data science background; previously Head of Marketing Technology - Host Growth at Airbnb and Sr Data Science Manager at Cameo.
What happens next.
No applications, no recruiter spam. Just the intro.
Confirm the fit
A few questions to make sure this role is the right shape for you. Two minutes.
I pitch you to the company
I write the intro, send it to the founder, and handle the back-and-forth.
A meeting lands on your calendar
If they’re a yes, I book the chat. You show up — that’s the whole job-hunt.