HomeRoom

HomeRoom aimed to revolutionize affordable housing by enabling investors to achieve a 22% ROI through a comprehensive property management solution. Their model involved sourcing properties in strategically selected cities, securing necessary capital, overseeing construction and renovation, rigorously vetting potential tenants, and managing rent collection on a per-room basis. By focusing on renting properties by the room, HomeRoom sought to maximize rental income for investors while providing affordable housing options. The company reported significant growth, onboarding 85 property investors and achieving an annualized net revenue of $420,000. Operating in multiple cities, HomeRoom managed a substantial portfolio of properties, generating rental GMV of $1.8 million in a single year. Their approach offered rents significantly lower than market averages, leading to higher returns for investors.