Thesis Driven Leader Series Kasa's Roman Pedan on The Future of Multifamily and Flex Rentals
9 snips
Apr 13, 2025 
In this engaging conversation, Roman Pedan, Co-founder and CEO of Kasa, discusses the dynamic intersection of apartments and hotels in the evolving flex rental market. He shares insights on how the COVID-19 pandemic reshaped this sector and the strategic adaptations necessary to thrive. Roman also highlights the impact of technology and AI on real estate, as well as the importance of innovation for property owners. With his entrepreneurial experience, he offers a forward-thinking perspective on future growth opportunities in multifamily rentals.
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CASA's Journey from No to Leader
- Roman Pedan recounted CASA's early struggles with getting property owners to allow flex rentals and the challenges during initial operations.
- He described the evolution to purpose-built, fully trusted properties with top market rankings and strong institutional partnerships.
Flex Rental Cap Rate Insight
- Flex rentals generate mixed-risk cash flows combining multifamily and hospitality risk components.
- Understanding this mixture explains why these properties can trade closer to multifamily cap rates, offering owners a competitive advantage.
Managing Geographic Expansion Strategically
- Casa manages broad geographic coverage but focuses on deeper penetration in existing markets for better scale, trust, and data.
- Centralized functions and self-directed guest experiences reduce operational complexity across multiple cities.