Latest news with #Stessa
Fast Company
11-06-2025
- Business
- Fast Company
Homebuyers face less housing market competition from investors right now
Want more housing market stories from Lance Lambert's ResiClub in your inbox? Subscribe to the ResiClub newsletter. During the pandemic housing boom, real estate investors rushed in. With home prices and rents soaring—and mortgage rates hovering at historic lows—investor purchases surged. But since mortgage rates spiked in 2022, the investor landscape has shifted dramatically. The easy-money days are gone, and investors are now navigating a much tougher market defined by tighter margins, slower rent growth, and fewer cash-flow opportunities. To better understand how investors are adapting to the housing market, ResiClub recently teamed up with Stessa, an asset management and accounting software for real estate investors, owned by Roofstock. Investors who own at least one single-family investment property were eligible to respond to the Stessa-ResiClub Real Estate Investor Survey, fielded between May 20 and June 6, 2025. In total, 239 single-family investors/landlords completed the survey. Here are some of the findings: 45% of U.S. real estate investors say they plan to grow their portfolios in the near term. Nearly two-thirds of real estate investors (65%) say the most frustrating part of the buying process is finding deals that generate positive cash flow; that share is even higher among landlords based in the West (78%). Half of surveyed real estate investors (50%) said they'd accept a mortgage rate up to 7% on their next purchase. 58% of real estate investors say they self-manage their properties. 20% say they first look at off-market deal sources. When it comes to the search, real estate investors say Zillow is the most helpful platform, with more than 70% considering it 'very helpful' or 'somewhat helpful.' Big picture: Taking into account home prices, decelerated rent growth, and interest rates, many single-family real estate investors are hard-pressed to find new rental properties that generate enough cash flow in today's market. It takes more work now to find the needed returns. The final deadline for Fast Company's Next Big Things in Tech Awards is Friday, June 20, at 11:59 p.m. PT. Apply today.
Business Wire
19-05-2025
- Business
- Business Wire
Proptech Innovator Roofstock Launches Short-Term Rental Management Division With Investment in Casago
BUSINESS WIRE)-- Roofstock, a leading platform for investing in and managing single-family rental (SFR) homes, announced its participation in the investor consortium that took Vacasa, Inc. private on May 1. As part of the transaction, Roofstock has secured an ownership stake in Casago, the merged entity, and will officially enter the short-term rental management business by launching Casago franchises in three popular travel destinations: This strategic expansion reflects Roofstock's commitment to delivering a unified platform of proprietary data and institutional-grade tools for real estate investors of all sizes to research, acquire, manage, and optimize rental properties—whether long-term or short-term. 'Today is an exciting day at Roofstock and for our industry. Historically, we have focused on providing end-to-end real estate investment services for the SFR industry across the ownership lifecycle; from buying to managing to selling. We are excited to extend this suite of products and tools to the massive short-term rental sector, and we couldn't be more excited to partner with Casago,' said Gary Beasley, co-founder and CEO of Roofstock. By partnering with Casago's franchise network, Roofstock will extend its Rental Genome™ powered tools, such as automated underwriting, home mapping and real-time portfolio intelligence, as well as Stessa, its asset management and accounting software, to the short-term rental sector—simplifying the owner experience and enhancing returns for investors. 'Our initial markets of Tampa, Charleston, and the Oregon Coast each enjoy strong tourism dynamics and robust demand. We look forward to working with short-term rental investors to help them optimize the performance of their homes while providing exceptional experiences to our guests,' said Doug Brien, president of Roofstock and co-Founder of Mynd, which merged with Roofstock last year. Roofstock has appointed Craig Rashkow to lead its short-term rental division. Rashkow brings deep experience across short-term and long-term rental operations, having held leadership roles at several innovative real estate and hospitality companies, including Sonder and Summer. With a background in scaling high-performing service organizations that leverage modern technology tools, he brings a unique perspective to the convergence of SFR and STR strategies. 'We're pioneering the integration of single-family and short-term rentals with the technology investors need to participate in a cohesive and data-driven way,' said Rashkow. 'Having worked across both asset types, I've long believed that unifying them is a critical next step for the industry and for investors. Roofstock is uniquely positioned to lead this evolution—and I'm thrilled to help make it happen.' Debt financing to support Roofstock's investment in this transaction was provided by Coromandel Capital. 'Coromandel is proud to support Roofstock in expanding its platform into the STR space. This marks a natural evolution in the convergence of SFR and STR models, and we believe Roofstock – armed with a best-in-class technology platform, unparalleled data insights, deep operational expertise, and a premier property management platform – is uniquely positioned to lead this transformation. We are excited to back a team that shares our vision for modernizing real estate investment infrastructure,' said Alex Wu, Co-Founder at Coromandel. About Roofstock Roofstock's mission is to Reinvent the Rental Housing Ecosystem for the Benefit of all. Its platform empowers investors of all sizes to buy, sell, and manage residential investment properties with confidence. Roofstock's platform combines data-driven insights, integrated property management, and a nationwide footprint to dramatically simplify real estate investing. The company has helped facilitate over $9B of transactions, currently manages over 20,000 rental homes, and empowers 300,000+ owners to more efficiently manage over 1M units with its Stessa asset management software. Roofstock has been helping revolutionize real estate investing since 2015, and is backed by a world-class group of investors including Softbank, Khosla Ventures, Bain Capital Ventures, Lightspeed Venture Partners, QED Investors and Invesco. About Casago Casago is a top-rated vacation rental management company providing professional property management services for homeowners across North America, Belize, Costa Rica and the Caribbean. Founded in 2001 by former Army Ranger Steve Schwab, Casago has earned a reputation for delivering exceptional guest experiences and reliable property management services through a franchise-driven model. In 2025, Casago expanded its footprint by acquiring Vacasa, a leading vacation rental platform in North America. With a customer-centric approach, the combined company empowers local teams to provide personalized, responsive support for both homeowners and guests. Casago's commitment to quality is reflected in its industry recognition: it is the only property management company of its scale to be rated in the Top 1% by Comparent. Additionally, nearly 95% of U.S.-based local operating partners are Airbnb Superhosts, VRBO Premier Partners, or both. Founded in 2019, Coromandel is a solution-oriented partner providing bespoke, non-dilutive senior secured capital solutions to leading FinTech, specialty finance, and tech-enabled Companies. Coromandel thrives in the unconventional and esoteric across the corporate Lifecycle. Coromandel provides investors with access to innovative, uncorrelated opportunities with its meticulously constructed portfolios.
