HomeRoom

Application YC di HomeRoom

Winter 2022Acquired

HomeRoom ha partecipato a Y Combinator nel batch Winter 2022 come azienda Real Estate and Construction. Sotto: cosa fa l'azienda, chi l'ha fondata e la sua application a YC, ricostruita domanda per domanda nel form reale di YC.

Batch YC
Winter 2022
Settore
Real Estate and ConstructionHousing and Real Estate
Dimensione team
25
Stato
Acquired
Lanciata
2022

Founder

  • Johnny Wolff
    Johnny WolffFounder
  • Thomas Hornbeck
    Thomas HornbeckFounder

Cosa fa 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.

Application YC di HomeRoom, ricostruita

Domanda per Y Combinator

HomeRoom, batch Winter 2022. Le vere domande del form, risposte da dati pubblici.

  1. Founders2
  2. Company7
  3. Progress7
  4. Idea4
  5. Equity3
  6. Curious2
  7. Batch Preference1

Company

Company name

HomeRoom

Describe what your company does in 50 characters or less.

We rent property by the room, increasing rent 50%.

What is your company going to make? Please describe your product and what it does or will do.

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.

Where do you live now, and where would the company be based after YC?

We live in San Jose, CA, and the company is based in San Jose with remote team members.

Explain your decision regarding location.

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 risposte in più nell'application completa

Founders, Progress, Idea, Equity, Curious, Batch Preference sono nella versione completa. Crea un account gratuito per aprirla in YC Insights, accanto a ogni altro batch YC.

Domande Frequenti

Questa è l'application YC reale di HomeRoom?

No. Y Combinator mantiene private le application inviate. Questa è una ricostruzione: le domande del form YC reale, a cui si è risposto usando i dati pubblici di HomeRoom (note di lancio, background dei founder, descrizione del prodotto). Mostra come un'azienda come HomeRoom si presenterebbe a YC, non il testo che hanno inviato.

A quale batch YC apparteneva HomeRoom?

HomeRoom apparteneva al batch Winter 2022 di Y Combinator.

Chi ha fondato HomeRoom?

HomeRoom è stato fondato da Johnny Wolff, Thomas Hornbeck.

Cosa fa HomeRoom?

We Rent Your Property by the Room. You earn 50% more Rent.

Come leggo la ricostruzione completa della application?

Crea un account Round Funded gratuito. La versione completa di 26 risposte della application di HomeRoom, e di ogni altro batch YC, è in YC Insights.

Più startup YC come HomeRoom