Latest news with #Casago
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.
Business Wire
01-05-2025
- Business
- Business Wire
Casago Completes Acquisition of Vacasa
PHOENIX & PORTLAND, Ore.--(BUSINESS WIRE)-- Casago, a premier vacation rental property management company, today announced the completion of its acquisition of Vacasa, Inc. ('Vacasa'), a leading vacation rental management platform in North America. The transaction, a watershed moment for the U.S. vacation rental industry, combines the strengths of both companies to create an industry-leading brand managing over 40,000 properties across North America, Belize, Costa Rica and the Caribbean. Casago brings 25 years of experience delivering owner- and guest-focused management through its locally rooted model. Casago founder and CEO Steve Schwab, who will lead the combined entity, commented, 'Today marks an exciting new chapter as Casago and Vacasa come together. Our vision is clear: to build the most trusted brand in vacation rental management — one relationship at a time. By combining our strengths, we will create new opportunities for our homeowners, guests, partners, and teammates, while staying true to the values that have made Casago who we are.' Schwab continued, 'This isn't just the joining together of two companies, it's a commitment to service, to hospitality, and to delivering a better way of caring for a second home.' In addition, Roofstock, a leading proptech platform, invested in the transaction and has become a partner in Casago, seeking to leverage its decade of experience using technology to enhance property management capabilities, customer experience and liquidity for residential property investors. Roofstock brings deep real estate expertise through its service offerings and software solutions, including helping more than 300,000 property owners with nearly 1 million units optimize the performance of their rental properties. With the completion of the acquisition, Vacasa's common stock has ceased trading and is no longer publicly listed on the Nasdaq. Representation Jefferies LLC served as financial advisor and Skadden, Arps, Meagher & Flom LLP served as legal advisor to Casago in connection with the transaction. PJT Partners served as financial advisor and Vinson & Elkins LLP served as legal advisor to the Special Committee of the Vacasa Board of Directors. Latham & Watkins LLP served as legal advisor to Vacasa. About Casago Casago is a premier vacation rental management company, overseeing nearly 5,000 properties across 72 cities in the United States, Mexico, 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. With a customer-centric approach, the 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. About Vacasa Vacasa is a leading vacation rental management platform in North America, transforming the vacation rental experience by integrating purpose-built technology with expert local and national teams. Homeowners enjoy earning significant incremental income on one of their most valuable assets, delivered by the company's unmatched technology that is designed to adjust rates in real time to maximize revenue. Guests can relax comfortably in thousands of Vacasa homes in hundreds of destinations across the United States, and in Belize, Canada, Costa Rica, and Mexico, knowing that 24/7 support is just a phone call away. In addition to enabling guests to search, discover and book its properties on and the Vacasa Guest App, Vacasa provides valuable, professionally managed inventory to top channel partners, including Airbnb, and Vrbo. About Roofstock Roofstock's mission is to power the residential investment ecosystem for the benefit of all. The company's award-winning, tech-enabled end-to-end platform helps investors buy, sell and manage single-family rental properties in over 40 markets around the U.S. Founded in 2015, Roofstock is backed by a blue-chip roster of investors including Khosla Ventures, Bain Capital Ventures, QED, Lightspeed Venture Partners, Canvas Ventures, Invesco and SoftBank Vision Fund 2. Roofstock has facilitated more than $9 billion in buy and sell-side transactions on its platform to date, manages 20,000 rental homes through its Mynd affiliate, and provides asset management software for over 300,000 landlords owning nearly 1 million units through its affiliate Stessa.
Yahoo
01-05-2025
- Business
- Yahoo
3 Ways To Earn Money With Family Members
Starting a family business or enterprise can be a good way to make money while working with people you know well. The trick is to know you can work together for a long period of time, and then devise a plan for success. Read Next: Explore More: Here's what experts who have either started family businesses or advised those who have said are the best ways to work together to earn a living. For those who want to start a business with their families, it might be hard to narrow down options. Alex Smith is the manager and co-owner of a business he started with his family. He said the key to the success at the early stages was figuring out what each family member's strength was and applying that to the business model. This not only ensures a job gets done well, but also helps everyone feel like they're contributing equally. 'One family member was naturally good with people and took on all client interactions, from first contact to final delivery. Another had an eye for design and took charge of our branding, social content and overall look. I handled the technical side, creating the 3D renderings, models and virtual walkthroughs. Every single piece we put out passed through all three of us before going out the door,' he said. 'No one was sidelined. Every job depended on all three roles being done right.' Check Out: It's no secret that real estate is expensive. A strategy to make a home more accessible is by splitting the cost among family members. After the home is purchased, the family can use the asset to generate income. 'By pooling resources together, the home purchase is more financially achievable, and then the property can be turned into a rental, where it can turn out regular monthly earnings to be split between the family members,' said Adam Hamilton, the co-founder of REI Hub. Renting out the property isn't the only option to make money. Another way to profit from the home is to turn the house itself into a business, like a bed and breakfast. 'If multiple family members work together, leaning on their individual strengths like cleaning, or dealing with finances, or communicating with guests, that can make it a lot more achievable,' said Steve Schwab, CEO of Casago. More From GOBankingRates 5 Types of Vehicles Retirees Should Stay Away From Buying 4 Affordable Car Brands You Won't Regret Buying in 2025 4 Things You Should Do if You Want To Retire Early 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth Sources Alex Smith, Adam Hamilton, REI Hub Steve Schwab, Casago This article originally appeared on 3 Ways To Earn Money With Family Members Sign in to access your portfolio
Yahoo
27-04-2025
- Business
- Yahoo
8 Key Signs a Staycation Is the Smartest Move in a High-Tariff Economy
With summer just around the corner, vacation planning may already be top of your mind. However, rising tariffs could affect more than just the cost of goods — they can also increase the prices of fuel, transportation and even lodging, as businesses adjust rates to cover their higher expenses. If higher costs have you reconsidering travel plans, you might be thinking about opting for a staycation instead, whether it's camping at a nearby national park or simply relaxing at home. But how do you know if staying put is truly your best option? Experts weigh in with some key signs that choosing a staycation makes the most financial sense during a high-tariff economy. Read Next: Check Out: One of the clearest signs that you may not be able to afford the vacation you really want is if you start 'stripping away the experiences that make it truly memorable, like downgrading flights or staying far from the action just to make it work,' according to Duncan Greenfield-Turk, founder of Global Travel Moments. At that point, a staycation might actually bring more joy and save you money. See More: Another key sign that you might want to stay close to home is if you're saving for something major like a new house, car, major appliance or something else. 'Pressing pause on travel doesn't mean sacrificing rest,' Greenfield-Turk said. In fact, a well-planned staycation can deliver the same emotional payoff without the financial strain. If you've been monitoring the prices of travel for your planned destination, like airline ticket costs and hotel prices, and those prices seem to be increasing pretty consistently, that may be a sign to either book now before things get too expensive or to postpone your trip at least temporarily, according to Steve Schwab, CEO of Casago. 'Make sure you know exactly what your travel budget is and that you use that as a guide to figure out what your best move is,' he urged. Also, keep in mind that certain elements of travel may be more impacted by tariffs than others. 'Hotels, for example, often buy tons of imported products that they replace daily, whereas privately owned vacation rentals may not be dealing with tariff-related price hikes very much at all,' he said. With hotel and airfare prices rising by as much as 30% to 40% in some cases, Greenfield-Turk said, if that price no longer matches the value of your intended vacation, it might not be the right time to travel. You don't want to feel like you spent a lot of money but didn't get an equivalent experience. If planning a trip feels more stressful than exciting because of financial worries, that's your cue to stay home, Greenfield-Turk said. When uncertainty is high, staycations offer the freedom to relax without the anxiety of overspending If you're also lucky to live near stunning natural beauty, or have access to meaningful experiences like seasonal or cultural events, a staycation may just make the most sense. If your expected travel costs are at your max budget before tariffs kick in, you're likely going to overspend, according to Melanie Musson, a finance expert with 'Everything from hotels to food costs more this year than in the past, so if a conservative budget is a stretch for your finances, you'll probably overspend and go into debt.' Additionally, if you haven't been saving up for your trip, it's almost a guarantee that you'll overspend, Musson said. 'The cost of vacation outweighs the benefits when you haven't been able to save for it.' Overspending often leads to using credit cards, as well. If the costs of daily life have increased so much that you're unable to financially prepare for a trip, any type of travel is likely to increase your debt, Musson said. If you're already carrying a significant amount of debt, and your trip is likely to add to that or eat up funds earmarked for paying that down, you won't get much benefit from a relaxing vacation if you're just coming home to more debt, Musson pointed out. If you can continue to pay down your debt and travel without increasing your debt, you should take your trip, she said. Lastly, if you face the possibility or probability of being furloughed or losing your job, or you depend upon an inconsistent income, such as freelance or consulting gig work, you may want to prioritize an emergency fund over a vacation until you can be sure of your job or income security, Musson said. The best vacations are ones that bring relaxation, not financial stress. If high tariffs and rising costs threaten to disrupt your finances, choosing a staycation can be both financially wise and personally rewarding. More From GOBankingRates 5 Luxury Cars That Will Have Massive Price Drops in Spring 2025 4 Things You Should Do if You Want To Retire Early 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth How Much Money Is Needed To Be Considered Middle Class in Every State? Sources Duncan Greenfield-Turk, Global Travel Moments Steve Schwab, Casago Melanie Musson, This article originally appeared on 8 Key Signs a Staycation Is the Smartest Move in a High-Tariff Economy Sign in to access your portfolio
NZ Herald
23-04-2025
- General
- NZ Herald
Entitled airline passengers: Why inconsiderate behaviour is on the rise
Why are passengers acting so badly? And what can you do if you're seated next to an entitled traveller? What's wrong with these people? 'There's a societal trend toward selfishness – it's 'me-first' and 'me-only,'' says Lori Freemire, a flight attendant. 'There's little regard for the gate agents or crew trying to do their jobs.' Thomas Plante, a professor of psychology at Santa Clara University, says passengers are becoming narcissists. 'More and more people think that the world revolves around them and that people should cater to their needs,' he told me. 'Frankly, it's breathtaking.' I'll say. Although my story had a happy ending, others don't. On a recent flight from Seattle to Dallas, Rachel Wagner had the misfortune of sitting next to a passenger who seemed oblivious to the concept of common courtesy. The passenger immediately began watching a movie on her phone, without a headset. Wagner politely asked the passenger if she had earbuds, but the woman replied 'no' and continued watching her movie. After takeoff, Wagner, who was wearing noise-cancelling earbuds, could still hear the movie. Again, she politely asked the passenger if she had earbuds. 'Why don't you just get your own plane!' the woman snapped. Oh, and here's the kicker: Wagner is an etiquette expert, so you know she was extra polite when she asked. In retrospect, she says she should have asked a flight attendant to intervene instead of dealing with the entitled passenger herself. That's sound advice. Why are passengers acting like this? Experts say there are reasons for this shift in attitudes when travelling by plane – and specifically, this entitled behaviour. Crowded planes. Airlines are flying with record load factors, which means that there are more passengers on each flight. Add the loss of personal space due to shrinking seat sizes, and up go your chances that you'll be seated next to an irritated – and irritating – passenger. The pandemic. Lockdowns and travel restrictions seem to have changed the way many people behave in public spaces, say experts. 'It's like people just don't care as much about accommodating the people around them to make everyone's experience better,' says Larry Snider, the vice president of operations at Casago, a vacation rental company. Stress. The discomfort of modern air travel, with its tight schedules, cramped seating and endless lines, can turn even the most even-tempered passenger into a raging monster. 'I've observed that the uptick in demanding passenger behaviour can be partly attributed to the stress of navigating heightened regulations and expectations in the travel industry,' says Vlad Vynohradov, a transportation logistics expert. Rising ticket prices. 'Passengers paying higher prices are also expecting better service,' notes Mike Taylor, who heads up travel research at J.D. Power. That's not all. Facebook, Instagram and X have nurtured a culture of complaints. Passengers know that if they take to Twitter or Facebook to complain about their flight experience, they are likely to get a response from the airline. 'Social media has set the stage for the go-nuclear mentality,' says Susan Sherren, who runs the travel agency Couture Trips. Bottom line Air travellers are more self-absorbed and stressed than ever. And it shows. Vivian Au, a flight behaviour expert and founder of Air Corporate, says passenger demands have spiked in the last year. For example, on the Los Angeles to New York routes, the flight attendant call button is getting pushed 40% more often than in 2023. 'First-class travellers now demand responses in under two minutes,' she told me. What if you're seated next to an entitled passenger? If you fly, chances are that, at some point, you'll be sitting next to someone who does something objectionable, as if they own the plane. Charlie Neville, the marketing director at JayWay Travel, says preparation and patience are key when dealing with these problem passengers. 'I'd recommend adopting a more mindful approach to travel – accepting that delays and hiccups are part of the journey and staying calm through it all,' he says. Being in a good mindspace ensures that when you run into someone who is entitled, you'll be better able to handle them without getting emotionally involved. 'When dealing with demanding passengers, staying calm and addressing the situation with facts rather than emotions can be highly effective in de-escalating a situation,' adds Ryan Saroli, chief executive of Flygreen, a jet chartering service. You'll also want to show some empathy, say experts. Joanna Teljeur, a spokeswoman for AirAdvisor, says your seatmate who is having a meltdown and jabbing the flight attendant call button is also human. 'Empathy in all situations is important,' she says. It may actually be the first step to resolving the issue. I prefer the direct approach: take a deep breath and politely but directly ask the entitled passenger to stop behaving like a toddler. Unless, of course, they are a toddler, in which case you'd take it up with mum, as I did on my flight. And if none of that works? Then it's okay for you to push the flight attendant call button and ask a crew member for help. Here they come! If you think this discussion is theoretical, I've got news for you: this upcoming Northern Hemisphere summer travel season, which may be the busiest one on record, promises to be full of entitled passenger incidents. Other than deep breathing exercises and a quality headset, I'm not sure if there's a way to prepare for the 'Summer of the Entitled Passenger'. (Oh no, did I just coin a term? I hope not.) Maybe there's a way to fix this problem. Airlines can start offering a humane amount of personal space again, just like they did before 'before the unfortunate deregulation of the airline industry. Budget airlines can ensure their passengers have enough food and water instead of trying to sell them everything. They can stop charging junk fees for a reserved seat or luggage. If they did that, I bet the entitled passengers would disappear overnight.
