All Forum Posts by: Jayson Tripp

Personally, I have not. I have heard great things about Padsplit though, it's a similar model. Since I am not familiar with Homeroom I cannot compare the two, but you should check them out!

I'd be leary of homeroom. I bought a house. Made it to their specification. Paid everything off on it so no debt. Had it with them for 6 months and they can't cash flow positive. They charge you utilities for anything over $250/tenet. I had 7 rooms available to rent. They have it to 3 or 4 tenet now after 6 months. Rent collected way under fees paid lease, extra utility charges to me, management fees, taxes, insurance, do not even come close. Maybe try padsplit. I was told this was prime spot as well. .

0 Votes

Dallas, Texas

Quote from @Johnny Wolff:

This is Johnny, I'm the CEO and Founder of HomeRoom. I'm happy to hear that you're interested in purchasing a second property!

I look at every single review on here to make sure our owners feel like we are living up to the expectations we set in the beginning.

In general, HomeRoom owners are happy owners. I know that from the dozens of positive posts on here and from talking to owners regularly. When someone is less than satisfied, my team and I use it as a learning opportunity in order to improve the experience of all owners.

For example, we no longer offer used refrigerators, because we are now able to provide quality new refrigerators with a year-warranty for a similar price. Some of this is just due to scale and the fact that we can now demand better pricing from our vendors.

I've reached out several times and would love the opportunity to connect and learn more about how we can improve your experience and that of other owners.

-Johnny

So far trying to get going with homeroom is pretty negative in Indiana. The company is pretty inefficient and don't seem to have any solid plan or know how their own operations work after you sign to go with them. I had to start all services including internet and they don't know how they will reimburse for services since they aren't paying for them. They also delay the renting out process and have been delayed latest an extra 10 days so they can take pictures. They don't seem to respond to email with answers they say nothing or they will ask management and it'll be over a week since originally asked questions and no response. All this and the rooms aren't even rented yet.

2 Votes

Quote from @Travis Biziorek:

Hey Miguel, I'm also in California but my rental portfolio is in Detroit (12-doors).

I'm a big advocate of that market and still believe it offers the best risk-adjusted returns today.

Lots of folks are still writing off Detroit but more and more are waking up to the opportunity there. The city is undergoing massive revitalization and investment.

@Travis Biziorek, hey I was wondering if you could help me as I haven't invested in homes before and live in AZ, but houses are just too expensive here to buy. I was wondering if you had someone that you used and trusted for buying the right properties to rent out in Detroit and doing any rehab. I know you manage the properties yourself, but was looking for property management as well. I was looking at Detroit and Ohio based off everyones comments.

1 Vote

Anybody invest with these guys. They had an ATM fund that looked interesting, but I couldn't find anyone talking about them online.

0 Votes

All Forum Posts by: Jayson Tripp

Jayson Tripp has started 1 posts and replied 4 times.

Post: Has anyone worked with Homeroom before?

Post: Experience or thoughts on Homeroom?

Post: I'm Planning To Buy A House Out Of State early 2024 (any suggested states to invest?)

Post: SMK capital management