HomeRoom YC Application
HomeRoom went through Y Combinator in the Winter 2022 batch as a Real Estate and Construction company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.
- YC batch
- Winter 2022
- Industry
- Real Estate and ConstructionHousing and Real Estate
- Team size
- 25
- Status
- Acquired
- Launched
- 2022
Founders
Johnny WolffFounder
Thomas HornbeckFounder
What HomeRoom does
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.
HomeRoom's YC application, reconstructed
Y Combinator application
HomeRoom, Winter 2022 batch. The real form questions, answered from public data.
- Founders2
- Company7
- Progress7
- Idea4
- Equity3
- Curious2
- Batch Preference1
Company
HomeRoom
We rent property by the room, increasing rent 50%.
We help property investors buy and renovate homes in cities where affordable shared housing is scarce. Our platform manages everything from sourcing properties to vetting tenants and collecting rent by the room. This splits a single home into multiple rentals, boosting investor returns and offering affordable rents for young renters.
We live in San Jose, CA, and the company is based in San Jose with remote team members.
San Jose is where we are based because it's home for us, but our product serves multiple cities across the US with affordable housing shortages.
21 more answers in the full application
Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.
Frequently Asked Questions
Is this the real HomeRoom YC application?
No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from HomeRoom's public data (launch notes, founder backgrounds, product description). It shows how a company like HomeRoom would present itself to YC, not the text they submitted.
What YC batch was HomeRoom in?
HomeRoom was part of the Y Combinator Winter 2022 batch.
Who founded HomeRoom?
HomeRoom was founded by Johnny Wolff, Thomas Hornbeck.
What does HomeRoom do?
We Rent Your Property by the Room. You earn 50% more Rent.
How do I read the full reconstructed application?
Create a free Round Funded account. The full 26-answer version of HomeRoom's application, and every other YC batch, is in YC Insights.
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