Pacaso is the modern way to buy and own a second home. We’ve replaced the decades-old practice of DIY co-ownership with fully managed LLC co ownership, ongoing professional property management, and a smart scheduling system to make owning easier and less expensive.
Less cost, less hassle Home operating expenses are shared pro-rata and passed along to owners at cost. The estimated owner expenses below are based on a home priced at $250,000 for ⅛ ownership.
Benefits of co-ownership: A fantastic second home for ⅛ the cost
Pacaso is truly real estate property ownership, not a timeshare, for dramatically less cost than owning a whole house. Buyers purchase an ownership interest in a single-family home and enjoy ongoing access to the property throughout the year. Own what you (actually) use!
There are thousands of second homes in the Costa del Sol, and most sit empty 10 11 months a year. This underutilization is costly and wasteful. With Pacaso, you purchase the amount of ownership that fits your usage needs to maximize your time at your home while spending far less than you would on a whole house.
Purchasing ⅛ ownership gives you 44+ nights per year in your Pacaso — that’s more than six weeks of relaxation in your second home! Fully managed owner experience Co-ownership with Pacaso means you can enjoy a second home’s benefits without the hassles.
Pacaso takes care of all the details, starting with professional interior design, modern furnishings, and innovative home features, and provides ongoing property management, maintenance, and bill payment, including taxes and insurance. Just choose when to stay using our scheduling app, show up, and enjoy your second home.
While co-ownership of real estate is nothing new — groups of families and friends have owned property through LLCs or informal arrangements for decades — Pacaso simplifies the process and removes potential friction. We create a property LLC for each home, find and vet co-owners, and handle all the sales details, says Austin. At closing, co owners together enjoy complete ownership of the home – Pacaso does not retain any shares. Unlike a timeshare, Pacaso LLC co-ownership model oers ownership of a single-family home, not the right to use time in a condo or resort hotel unit. It a true real estate asset in a residential community with a small group of co owners. The value of the owner real estate property asset moves in line with the whole-home market, and owners can sell at their chosen price. Pacaso gives each home an interior design makeover and invests in new furnishings and home technology. In addition to these creature comforts, Pacaso takes care of the ongoing demands of homeownership, like paying the bills and maintaining the lawn. Owners simply show up and enjoy their home. Using the company SmartStay system on the Pacaso app, owners can reserve their home with as little as two days notice throughout the year. The app distributes reservations equitably according to ownership percentage and even accounts for holidays.
We can advise and assist you in acquiring shares on Pacasa properties, and what is best, 100% FREE OF CHARGE for you!