In this episode of STR Global Unlocked, Simon Lehmann speaks with Fred Lerche-Lerchenborg, CEO of Lavanda, about how short-term rentals, mid-term stays, and multifamily are converging inside the same assets.This is not a tech pitch. It is a practical discussion on institutional real estate, operating risk, and why flexible living is becoming a core strategy for owners and investors.Fred breaks down why legacy long-term rental systems fail at daily pricing and mixed inventory, why lease-arbitrage collapsed at scale, and how investor psychology, cap rates, compliance, and risk transfer shape real decisions.The conversation also explores why Europe is moving faster than the US in flexible living, and what operators must get right before blending STR into multifamily creates value instead of backlash.In this conversation, we discuss:Why residential real estate systems were never designed for flexibility, and how changing living patterns are forcing new operating models.Where traditional PMS platforms fail when short-term, mid-term, and long-term stays coexist in the same building.Why institutional capital evaluates flexible living through asset value protection, not revenue upside alone.How lease arbitrage broke down at scale, and when selective leasing can still work for smaller STR operators.What flexible living unlocks for student housing, build-to-rent, and urban development in regulated markets.Why risk, liability, insurance, and guest vetting become non-negotiable when STR enters multifamily environments.Explore more:Connect with Fred Lerche-Lerchenborg on LinkedIn [https://www.linkedin.com/in/fred-lerche-lerchenborg] to learn more about Lavanda [http://getlavanda.com] ...Podcast supported by Breezeway.Breezeway brings operational workflows, service execution, and standards together in one platform for hospitality operators.👉 Get started with Breezeway here Resources AJL Atelier – Global STR Consulting [https://www.ajlatelier.com]. Led by our host Simon Lehmann, AJL Atelier is a boutique advisory firm helping professional hosts, property managers, and investors succeed in the short-term rental industry. Connect with Simon Lehmann on LinkedIn [https://www.linkedin.com/in/simon-lehmann-8375753b/] Stay connected: Apple Podcasts: https://podcasts.apple.com/us/podcast/str-global-unlocked-with-simon-lehmann-unfiltered/id1842946960 Spotify: https://open.spotify.com/show/3kke4wOx0tNv0duq9MMWtO Youtube: https://www.youtube.com/playlist?list=PLWVkmUOkmhSHcFjzi28AhaQNR98vaG65O Website: https://www.ajlatelier.com/podcasts Newsletter: https://str-global-unlocked.beehiiv.com/

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“What did the council decide on item 42?” — answered with the speaker and the moment.