Show notes
Roman Pedan is the Chief Executive Officer of Kasa Living, Inc., a flexible accommodations brand he founded in 2016.Roman has over a decade of experience in real estate investing and technology entrepreneurship. He was an early team member at KKR's Real Estate Private Equity group where he worked on hotel transactions totaling $1.2 billion across the U.S. and was involved in every hotel transaction that KKR closed during his tenure. Roman was also an early team member at Juniper Square, a market-leading investment management platform, and was the founder of a startup called book.ly, a profitable, vertical e-commerce website that sold more than $15mm of textbooks.In this episode, Brandon and Roman discuss:Bridging Computer Science and real estateBuilding Kasa LivingTrends in hospitalityLinks:Kasa LivingRoman on [email protected] on LinkedInJuniper SquareProvide feedback for the podcastTopics:(00:00:00) - Intro(00:01:12) - Introducing Roman and Kasa(00:04:02) - Roman’s career(00:08:02) - Bridging computer science and real estate(00:11:27) - Building Kasa(00:23:09) - Kasa’s metrics today(00:26:48) - How do you optimize for success between Kasa and the owner/landlord?(00:30:28) - How do your management contracts work with owners?(00:32:19) - Why does Kasa work in a hotel?(00:36:34) - What trends have you seen in hospitality over the lifetime of the business?(00:40:57) - Do you face any regulatory challenges?(00:44:54) - Do your properties operate as both multifamily and hospitality?(00:46:39) - Where does Kasa fit in the OpCo/PropCo model?(00:51:23) - What are you looking forward to most over the next 12 months?