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HomeRoom
AddedMar 17, 2024
UpdatedJul 3, 2026
HomeRoom

HomeRoom

Acquired

HomeRoom: Boosting rental income by 50% through room-by-room leasing and affordable housing.

HQ
Missouri, US
Founded
2018
Accelerator
Y Combinator logoY CombinatorW22
Overview
Compare
Fundraising
Employees

Founded with the mission to provide affordable housing while maximizing rental income for property investors, HomeRoom specializes in room-by-room leasing. The company sources properties, arranges capital, manages construction, vets tenants, and collects rent, aiming to boost rental income by 50%. HomeRoom focuses on cities that attract young people but lack affordable housing options, offering tech-friendly homes with furnished common areas and community events to enhance the living experience.

Notable investors and property owners have contributed to HomeRoom's rapid growth, with the company bringing on 85 property investors and achieving a 6X annual growth rate. With an annualized net revenue of $420K, HomeRoom has made a significant impact on the rental market by providing a scalable solution for affordable housing. The company's innovative approach has not only benefited investors with a 22% ROI but also created vibrant living communities for young professionals.

HomeRoom - Quick Facts

When was HomeRoom founded?

HomeRoom was founded in 2018.

Where is HomeRoom's headquarters located?

HomeRoom's headquarters is located in Missouri, US.

When was HomeRoom's last funding round?

HomeRoom's most recent funding round was for $500k (USD) in March 2022.

How much has HomeRoom raised to-date?

As of Mar 15, 2022, HomeRoom has raised a total of $2.4M (USD).

HomeRoom - Classification

Ownership
  • Private
  • Venture Capital
Technology
  • Automation
Geographic Exposure
  • United States
Model
  • Platform
Revenue
  • Recurring
  • Transactional
Customer
  • Consumers
Main Product
  • Property Management
  • Real Estate
Tags
  • Property Management
  • Proptech
  • Real Estate
NAICS
  • 520000Finance and Insurance
  • 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
  • 523900Other Financial Investment Activities
  • 523990All Other Financial Investment Activities
  • 523999Miscellaneous Financial Investment Activities
SIC
  • 6798Real Estate Investment Trusts
  • 6700Holding And Other Investment Offices
  • 6790Miscellaneous Investing
Show 16 more industry codes
NAICS
  • 525900Other Investment Pools and Funds
  • 525920Trusts, Estates, and Agency Accounts
  • 530000Real Estate and Rental and Leasing
  • 531000Real Estate
  • 531200Offices of Real Estate Agents and Brokers
  • 531210Offices of Real Estate Agents and Brokers
  • 540000Professional, Scientific, and Technical Services
  • 525000Funds, Trusts, and Other Financial Vehicles
  • 541000Professional, Scientific, and Technical Services
SIC
  • 6500Real Estate
  • 6530Real Estate Agents And Managers
  • 6531Real Estate Agents And Managers
  • 6000Depository Institutions
  • 7300Business Services
  • 6720Investment Offices
  • 6722Management Investment Offices, Open-end