Co-owning

Your second home should be a place to relax and unwind—not a source of stress. Yet too often, homeowners find themselves weighed down by the realities of vacation home management, from routine maintenance and bill payments to scheduling repairs. While some properties offer basic vacation home management services to handle these tasks between visits, Pacaso takes it further with fully managed co-ownership and turnkey property management.  Here’s a closer look at what vacation home management typically involves, and how Pacaso’s approach goes above and beyond traditional solutions. Here’s what professional Property maintenance and upkeep Routine maintenance is at the heart of vacation home management. This includes landscaping, inspections, and repairs to keep the property in top condition year-round. Proper upkeep not only preserves your home’s value but also ensures it’s always ready for a relaxing stay. Many vacation home management companies will also be responsible for seasonal upkeep like leaf removal and snow clearing to keep the home in pristine condition year-round. Vacation home cleaning services Between stays, homes require thorough cleaning and preparation. Cleaning and turnover services make certain that every visit feels relaxed and welcoming, from fresh linens to spotless kitchens and bathrooms. Financial management and bill handling Managing a vacation home involves more than upkeep. The best property managers often include handling utilities, taxes, HOA fees, and insurance—freeing owners from the administrative burdens of property ownership. Guest and owner access coordination Scheduling stays, managing keys or smart locks, and coordinating arrivals and departures is another critical component of vacation home management services. Effective access coordination ensures that both owners and guests have a smooth, stress-free experience. Security and home monitoring Finally, professional vacation home management services often include monitoring the property to safeguard against issues while the home is unoccupied. This can range from smart home alerts to routine inspections, giving owners peace of mind no matter where they are. The challenges with vacation home management companies Even with professional management, many homeowners face challenges that can make vacation home ownership stressful. Understanding these common pain points helps find the best vacation home management solution for you. High costs and hidden fees Many traditional vacation home management companies charge steep service fees, often with extra costs for maintenance, turnover, or concierge services. These expenses can add up, cutting into the enjoyment and financial value of owning a second home, so it’s important to consider Impersonal interactions Some vacation home property managers operate like faceless service providers. Owners may find communication transactional, with little personalized attention or understanding of their preferences and lifestyle. Difficulty reaching support Getting timely help can be a challenge, especially when urgent maintenance issues arise or last-minute scheduling changes are needed. Limited responsiveness can leave owners feeling frustrated or unsupported by their vacation home manager. Limited flexibility Traditional management companies may not accommodate unique homeowner needs, whether that’s last-minute bookings, customizing interior touches, or coordinating with family schedules. Inconsistent standards Not all vacation home management companies maintain the same level of quality across cleaning, maintenance, and upkeep. This inconsistency can affect the guest experience and the property’s long-term condition. Turnkey vacation home management with Pacaso When you co-own a luxury vacation home with Pacaso, you gain true freedom from the burdens of traditional home ownership and the hassles of managing a second home. Pacaso’s fully managed approach ensures every detail is handled, delivering a seamless ownership experience crafted for your relaxation and enjoyment. Stylish interior design and furnishings Outfitting a second home can be time-consuming and costly, which is why Pacaso’s turnkey property management ensures your home is ready for comfortable living from day one. Our goal is to provide you with a second home that is both beautiful and functional.  Our team of interior designers gives each home a thorough makeover, selecting custom furnishings, artwork and accessories that complement the home’s architectural style and layout, making your vacation home interior design feel effortless.  We balance modern design with comfort to create livable luxury. Pacaso owners should feel as comfortable — or more comfortable — in their second home as they do in their primary residence. In addition to furnishings, homes are fully equipped with Design Certified Our top-tier vacation home management services begin before you even walk through the door. Our team of in-house interior designers works tirelessly to create a beautiful space that is unique, inviting, and functional. Every Pacaso home is part of our Impeccable turnover services and maintenance Maintaining a second home from afar can be a challenge, and once you’re there, you want to focus on relaxing—not spending time on vacation home cleaning and upkeep, or a pesky After each owner’s stay, the home is thoroughly inspected and cleaned, and any maintenance issues are logged and resolved. Preventive vacation home maintenance services are scheduled to address potential problems early, and reserves are set aside for long-term or unexpected issues, like replacing an appliance that stops working.  We also supply items like light bulbs and batteries so owners can easily take care of minor issues without needing to run to the store. Pacaso’s vacation home management team also makes sure the property looks great year-round, with regular landscaping and region-specific upkeep like snow removal, so your home stays pristine and ready for every visit. Streamlined bill management When you co-own a home, you need a fair and centralized system of billing. Pacaso property management makes this aspect of ownership simple. For each home, we create an annual Ongoing dedicated support Your relationship with Pacaso doesn’t end with your purchase. You’ll have a dedicated Home Manager to support you before, during, and after your stays.  Your Home Manager or our 24/7 Central Support crew handle any maintenance issues, so you’ll never have to worry about second home management, finding service providers, or scheduling repairs. We also check in with owners to see if their needs are being met and provide an opportunity for feedback. Our number one priority is ensuring Pacaso owners have a The Pacaso property management team Meet some of the Pacaso Home Managers and get an inside look at their day-to-day work as vacation home property managers. Lindsey Harden (Tahoe) In the Tahoe region is Senior Home Manager, Lindsey Harden, who shares the care and service owners can expect. Aaron Olthoff (Colorado) If you’re an owner in Colorado, you’ll get to know Aaron Olthoff. He shares how he keeps every Pacaso home in the iconic Rocky Mountain towns in top condition all year long. Discover the ease of turnkey property management with Pacaso and take the next step toward second home bliss.

Pacaso is known for delivering an effortless ownership experience for those seeking a second home with ease and flexibility. Owners may hold up to six advance stays at a time per 1/8 share owned, and advance stays can be booked up to two years in advance, allowing you to plan ahead for holidays, school vacations, and more. But sometimes the best memories come from spur-of-the-moment plans — a surprise long weekend, an unexpected day off, or a simple urge to escape. And other times, you just want to linger a little longer. With Pacaso, owners can not only book last-minute getaways but also easily extend their stays, giving you more time to relax, recharge, and enjoy your home away from home. The Pacaso app shows availability in real time, making it easy to find and book dates in the short-notice window.  Already have a stay booked? If the days before or after your reservation are available in the short-notice window, you can add them on at no additional cost, giving you more time to enjoy your home away from home. With Pacaso’s SmartStay™ system, flexibility is always just a tap away, whether you’re planning a last-minute getaway or simply not ready to head home. “I think the ability to look far to the future but also have the flexibility for last-minute stays is really awesome with the app, because it enables you to make the most of the time you have and really enjoy the property.” — Dan, Pacaso owner “I think the app is super easy to use, and I can just look and see what’s available and we plan our trips around it.” — Elizabeth, Pacaso owner “The app is so ridiculously easy. You can do your scheduling, you can cancel and change — it’s really flexible, and if there are extra nights, you can just book it on the spot.” — Gayle, Pacaso owner This flexibility reflects Pacaso’s commitment to redefining second home ownership by creating an experience that’s effortless and designed with owners in mind. Plan your next getaway today and make the most of every moment in your Pacaso home.

Before any Pacaso owner steps inside their new home, our team has already spent hours perfecting every detail– rearranging the layout, curating furniture, and fine-tuning the in-home experience. The result is a space that doesn’t just look beautiful, it We call this expert touch, Nestled in Kiawah Island’s lush wetlands, this home exudes Southern charm and hospitality. Light-filled interiors and refined design create a sophisticated retreat, while expansive living spaces and nearby nature trails offer room to connect and explore. But what makes this home truly exceptional is that every design choice is intentional, with details that elevate it from the inside out. We asked a few Pacaso team members who helped bring Blue Heron to life what stood out most to them: Every Pacaso home is part of our Behind the scenes, our team works through a detailed process, from architectural walk-throughs to virtual design boards, to ensure every space is not only aesthetically stunning, but highly functional.  Because your second home should support the Ready the moment you arrive The beauty of owning a Pacaso isn’t just the destination, it’s the ease. When you arrive at Blue Heron, everything is in place: fresh linens, a fully stocked kitchen, plush seating, and welcoming spaces for everyone to unwind. It’s not just a second home in Kiawah Island, it’s a second home where the hard work is already done for you. All that’s left to do is enjoy.

Before any Pacaso owner steps inside their new home, our team has already spent hours perfecting every detail– rearranging the layout, curating furniture, and fine-tuning the in-home experience.The result is a space that doesn’t just look beautiful, it We call this expert touch, Tucked in the heart of Vail, Fallridge is just minutes from world-class skiing and a short walk to the heated outdoor pool, perfect for unwinding after a day in the mountains. But what truly makes this home shine is the level of intention behind every detail. We asked a few Pacaso team members who helped bring Fallridge to life what stood out most to them: Every Pacaso home is part of our Behind the scenes, our team works through a detailed process, from architectural walk-throughs to virtual design boards, to ensure every space is not only aesthetically stunning, but highly functional.  Because your second home should support the At Fallridge, that meant reimagining the downstairs living area for après-ski gatherings, curating custom artwork for the dining area, and layering textures like soft gray Phillip Jeffries wallpaper to add warmth and dimension to the primary suite. Ready the moment you arrive The beauty of owning a Pacaso isn’t just the destination, it’s the ease. When you arrive at Fallridge, everything is in place: fresh linens, a fully stocked kitchen, plush seating, and welcoming spaces for everyone to unwind. It’s not just a second home in Vail, it’s  a second home where the hard work is already done for you. All that’s left to do is enjoy.

Beginning this summer, Pacaso owners and investors visiting the “Partnering with a Napa Valley icon like Cakebread Cellars enhances every stay for our owners,” said Pacaso Co‑Founder & CEO, Austin Allison. “Exceptional wine, warm hospitality, and a true sense of place are cornerstones of the Napa lifestyle—and the types of experiences Pacaso is designed to deliver.” “We’re excited to launch this partnership with Pacaso. Cakebread Cellars has been committed to creating memorable authentic wine experiences over the past 53 years and together with Pacaso, we look forward to bringing these same luxury wine experiences to Pacaso home owners around the country,” said Laura Webb, Vice President of Sales, Marketing & DTC at Cakebread Cellars. From vineyard‑view estates in Napa to coastal retreats worldwide, Pacaso curates and manages luxury homes so owners can focus on what matters most: creating lasting memories. The Cakebread Cellars partnership underscores Pacaso’s commitment to pairing turnkey ownership with authentic local experiences and benefits that bring each destination to life. To learn more about owning a Pacaso in Napa Valley, visit

Timeshares have been around since 1969, and sales show no sign of slowing, growing an average of 7.2% annually. This is mostly due to millennials becoming a significant portion of timeshare owners, with many seeking flexible and diverse vacation experiences. This steady growth shows people are continuing to be interested in this vacation style, especially now that there are way more ownership choices to fit all sorts of travel tastes. Our guide covers different timeshare types, including fixed-week, floating-week, and points-based systems. We'll also detail the costs of owning a timeshare, like the purchase price and maintenance fees, so that you can decide on your vacation goals. How do timeshares work? In a timeshare, multiple individuals (usually up to 52) collectively invest in and share the use of a vacation property Timeshares operate on It's crucial to understand that with timeshares, Real-world timeshare example Let’s say your family buys a timeshare property in If you vacation there for 10 years straight, you’ll have spent $38,000 ($25,000 initial cost + $1,300 annual fee x 10 years) plus any additional maintenance fees. Divided across 140 nights (14 per year), that adds up to $271 per night, which may be cheaper than the cost of the room if you book on the resort’s website. The potential savings via a long-term contract are why some people find timeshares so appealing. Types of timeshares There are a lot of timeshares out there, and not all timeshares or Shared deed timeshares Shared deeds divide ownership into smaller parts that reflect how long you can stay. A timeshare that’s divided into two-week stays would have 26 simultaneous owners, and it’s not uncommon for deeds to have a 52-part split, one for each week of the year. Shared lease timeshares Shared leases are like an apartment you’re paying to stay in a few weeks out of the year, but you commit to a certain period. The kicker here is that you don’t get a deed because How timeshares are split Now that you understand how the two types of contracts work, let’s look at the three main ways to divide time for timeshare properties.  To avoid a Ultimately, ask yourself: "Is this a place I want to stay year after year?" This can help you determine if a timeshare is right for you. Fixed weeks Fixed weeks mean you’re locked into the same week every year (say, the third week in April). While this offers the predictability of always having your vacation secured at a specific time, it also means your travel dates are rigid. Changing your fixed week usually comes with a hefty price tag in the form of an upgrade fee, if it's even possible, making it less flexible for those whose schedules vary from year to year. Floating weeks Floating weeks let you choose your week seasonally. This offers more flexibility than a fixed week, since you're not tied to the exact same dates every year. However, that flexibility comes with a trade-off: floating week systems are very competitive among timeshare owners, and the best slots during high season get snapped up quickly.  You'll often need to book far in advance to secure your preferred dates. If keeping your Points system Some timeshare properties operate with a points system, similar to an airline. You “pay” for your stay with points, giving you greater flexibility in how you travel. This means you're not restricted to a single property or a specific time slot each year.  Choosing an off-season, weekday stay or downgrading to a smaller room may cost fewer points overall, allowing you to stretch your points for more frequent, shorter getaways or save them up for something bigger. By contrast, you can also use points to upgrade components of your vacation, such as getting a bigger room or a better view — or even enjoy another How much does a timeshare cost? A timeshare's cost involves two main components: an initial purchase price and ongoing annual fees. The initial cost to buy a timeshare is In addition to the upfront payment, you'll be responsible for annual maintenance fees and any other charges outlined in your contract for the lifetime of your timeshare. These fees cover essential expenses such as maintenance, utilities and property taxes. They average around Timeshares vary in format, ranging from fixed-week to floating-week systems, and this can also influence the overall costs associated with them. Be sure to check the terms of your timeshare contract before signing. This document should outline all of the one-time and ongoing costs, including: Financing a timeshare Banks usually don’t loan money for timeshares, so buyers have few financing options other than the timeshare company itself. Little competition means some timeshare companies use high-pressure sales tactics on potential buyers, plus  14-20% interest rates — way higher than most This can significantly increase the overall cost of a timeshare, making it crucial for potential buyers to scrutinize the full financial commitment before signing any agreements. You might consider using a Pros and cons of timeshares You may fall in love with timeshares because they’re in destinations with lots to do. Some timeshares allow you to trade locations with other owners, use some of your nights to explore somewhere new or let your friends and family members use your nights.  Unfortunately, timeshares also have quite a few detractors. Annual fees and special assessments can be expensive, and if you decide it’s no longer the right choice for you, timeshares can be hard to sell on the secondary market. The timeshare industry also gets a bad rap for pushy sales tactics. Timeshare ownership also sidesteps most of the fiscal advantages that owning real estate normally brings, like equity, Exiting a timeshare If a buyer eventually decides to sell their timeshare, The second home difference One of the main reasons people choose a timeshare over another type of getaway — like Although With Here’s one last major difference: You’re guaranteed far more than a week’s stay — on average, owners of a 1/8 share in a And should you decide to sell, you can sell at any time, at the price you set. Learn more about how

If you invest in a fractional ownership of a holiday home, you'd have the right to use that property for a predetermined number of days or weeks annually. This approach allows individuals to enjoy the benefits of owning premium assets without bearing the full financial burden alone. In this post, you’ll learn what fractional ownership is, explore its pros and cons and get answers to some frequently asked questions. Understanding fractional ownership You’ll typically find fractional ownership for real estate like vacation homes. However, fractional ownership can also come into play for art, stocks and fashion. When owners purchase real estate assets with fractional ownership, they’re issued deeds representing their fraction of the property.  How fractional ownership works It may sound complicated, but fractional property ownership is pretty cut and dry. Here’s how it works: Types of fractional ownership There are two main types of fractional property ownership structures: an entity, like an LLC, and tenancy in common. Fractional ownership through an entity Some properties split ownership by using a structural entity like an Tenancy in common Tenancy in common (TIC) means each tenant holds an individual deed for a fraction or percentage of a commercial or residential property. However, no one person or company is in charge. With a TIC, individuals can own different percentages of the property but share it equally. Some TIC agreements are self-managed. Fractional ownership vs. timeshares Timeshares may be shared by as many as 52 owners (one person or group for every week of the year) while fractionally owned properties can have as few as two owners.  Benefits of fractional ownership Fractional ownership has many benefits, including shared maintenance costs and upkeep, among others. Here are some of those benefits: Expanded opportunity to own Fractional real estate investments allow you to own a portion of Deeded ownership Unlike a timeshare, fractional home ownership gives you a deed to a fraction of the property itself (sometimes called a Usage rights Unlike short-term Shared upkeep and maintenance costs Using the fractional ownership model, you're also responsible for only a fraction of the property's upkeep and maintenance. This includes taxes, HOA fees, repair bills, landscaping, utilities, Lower upkeep and maintenance burden Most fractional real estate ownership agreements include provisions for long-term property management, with owners deciding how to handle any issues. Maintenance of When you have fractional vacation home ownership through an entity, it will include preventative and Cons of fractional ownership Though fractional ownership has advantages, there are a few drawbacks to consider.  Fewer financing options Fewer banks provide mortgages for those looking to buy properties fractionally. You may need to shop around or consider other ways to Less flexibility and freedom All decisions about maintenance, repairs and decor must go through all ownership partners, which can be a hassle. If you want to sell a fractional property, the other fractional owners must approve the sale, depending on your agreement.  Some fractional property ownership clubs also require you to maintain an agreement with the club or property management company associated with the home, with no option for self-management or management outside the company. Limited travel opportunities While it's not unheard of to own shares in multiple fractional ownership properties in different locations, investing in fractional ownership also means investing in the location you’re going to revisit. Of course, you can still vacation elsewhere, but it's something to factor into your travel plans and budget.  Similar alternatives to fractional ownership Where fractional ownership falls short, Pacaso steps up. Pacaso's professionally managed LLC co-ownership model gives you all the perks and lower co-ownership costs with key differences that set it apart from fractional ownership resort clubs. Unlike fractional ownership resorts, Pacaso offers LLC

You’ve probably seen vacation home listings on Though you can book most vacation rentals for a few nights or weeks, each state has its own qualifiers for short-term rental properties. We’ll share the pros and cons, and additional considerations potential owners should bear in mind. Understanding short-term rentals Over the last 10 years, vacation rental brands like Seasonality, however, can also play a part in whether a rental will be in demand — meaning owners might have to give up personal stays during the most popular times of the year. Owners are also responsible for cleaning, coordination and maintenance to keep the short-term rental property in guest-ready condition. How short-term rentals work Many people who Because people on vacation will most often use short-term rentals, stays might vary from a few nights to several weeks. Sometimes, renters may lease them for as long as a month. Anything under six months is generally considered a short-term rental. Ultimately, your local jurisdiction defines what a short-term rental is for your area. What’s considered a short-term rental in each state? Local restrictions are a critical factor for anyone considering Owners should verify local regulations, zoning, taxes and licensing with their city or state government website for specific details about what qualifies as a short-term rental in their area before leasing their property. Types of short-term rentals Many The type of short-term rental you operate can affect how you operate your vacation rental business. It’s important to correctly categorize your vacation rental so that you pay the appropriate taxes and apply for the right zoning permits. Entire homes Airbnb and Accessory dwellings Accessory dwellings are sometimes known as in-law suites because they often take the form of cozy detached studios complete with an en-suite bathroom and comfortable furnishings — perfect for when the parents are in town. An ADU is generally on the same property as the primary residence and can potentially include a private entrance. Rooms Some jurisdictions allow homeowners to rent out a room in their primary residence as a short-term rental. The room can serve one or multiple guests at a time and can potentially include access to shared spaces like a kitchen or yard. Like an accessory dwelling, private rooms can sometimes include private entrances. Comparing long-term to short-term rentals Both short-term and long-term rentals are investment properties that homeowners can use to generate rental income. The length of the lease between owner and tenant often determines which type of rental agreement both parties will abide by. A long-term rental is generally a lease agreement for tenants who live at a rental property for at least 90 days, although some landlords require a minimum of 180 days or a full calendar year.  A short-term rental, however, is generally available to lease for less than 30 consecutive days. Compared to a long-term rental, owning a short-term vacation has its fair share of unique Considerations before investing in short-term rentals Short-term rentals require homeowners to abide by local vacation rental rules and regulations. There are several factors to consider before investing in a vacation rental. To operate a short-term rental, owners need to: A short-term rental investment property generates income from short-term leases. Short-term rentals can take the form of entire homes, ADUs or rooms within your primary residence.  Although vacation rentals can potentially yield rental income, they also come with a fair share of property management and tenant communication. If you’re more interested in relaxing than running a business, consider becoming a Co-owning a luxury second home has never been easier. Unlike vacation rentals, a

At Pacaso, we don't just provide you with a second home — we create a delightful living space that’s ready for you to start making memories the moment you arrive. Our From installing "It takes a lot of intricate thought and detail, so you can fully enjoy your second home without having to lift a finger," said Lisa Christensen, Pacaso Home Onboarding Manager. "We think of everything, and that's one of the biggest benefits of being a Pacaso owner." Ready to experience the Pacaso lifestyle for yourself? Browse our

A multi-member LLC, also known as a MMLLC, is a limited liability company (LLC) with more than one member.  Limited liability companies are one of the most popular business structures in the United States. They’re used by all kinds of companies and organizations that want to add structure to their business and protect the personal assets of their owners. Commonly abbreviated LLC, There are two main types of LLCs: single-member LLCs and multi-member LLCs. Single-member LLCs are used for businesses owned by a single person. Multi-member LLCs are used for businesses with two or more members. This can be a partnership with two owners — or more than two members, as you’ll find in real estate co-ownership opportunities like the ones If you’ve never been part of an LLC before (especially if you’re new to multi-member LLCs), they can seem complicated. Here are the most important things you need to know.  Understanding multi-member LLCs How multi-member LLCs operate Multi-member LLCs (commonly abbreviated MMLLCs) and single-member LLCs operate almost identically. Like single-member LLCs, MMLLCs grant limited personal liability to their members. This means members enjoy some degree of personal asset protection as part of this business entity. This concept was borrowed from corporate business structures and ensures that members’ personal assets are protected if the LLC is threatened with a lawsuit.  How MMLLCs are taxed MMLLCs and single-member LLCs have some differences when it comes to taxes. They share pass-through taxation as a feature, meaning that profits and losses flow directly to the owners, instead of getting taxed as a corporationThat said, MMLLCs have to do some extra math to report earnings to their individual owners via an What types of businesses use multi-member LLCs Because of their relatively easy setup and personal liability protection, multi-member LLCs can be a good fit for all kinds of businesses. That includes friends going into business together, colleagues forming a new offshoot business, or a group of investors buying property together — like a vacation home, boat or rental property.  Why choose a multi-member LLC Multi-member LLCs are a common choice for shared business ventures. Family businesses, co-owned companies, married couples and individuals sharing property gravitate toward this structure because it protects all related parties from personal liability in terms of business expenses or debts.  MMLLC examples Here are a few examples of scenarios in which a multi-member LLC might make sense.  Takeaways In short, a multi-member LLC is: Common questions about multi-member LLCs Who can form a multi-member LLC? The LLC business structure can be formed by almost anyone collaborating with at least one other person on a business venture. Be sure to check any restrictions in the state where you live. Each state sets mandates for LLC eligibility, but most agree that as long as you’re 18 years of age or older, you’re free to join or form an LLC. Citizens and non-U.S. citizens are both welcome, as are entities like corporations or other LLCs.  How do you form a multi-member LLC? Because LLCs are regulated at the state level, you’ll first file articles of organization of your MMLLC with your secretary of state. Be prepared to make some decisions ahead of time and share some info when you register:  Do I need an operating agreement for my MMLLC? Having an LLC Once my MMLLC is set up, are there ongoing management tasks? Yes — in addition to running your business, you’ll be responsible for keeping your LLC in good standing with the state that issued it. While specific requirements vary state by state, the most common requirements include renewing necessary licenses and permits, filing an annual report, paying any required fees, holding member meetings and documenting meeting minutes, and reporting changes with the state. An example of a change in your LLC would be if members leave or if you start using a different management company. If you don’t comply with your state’s LLC requirements, you could be subject to fines or even a cancellation of your LLC.  Who manages a multi-member LLC? MMLLCs members decide how it is structured. Some multi-member LLCs elect one member or a third party to manage the business, which is called a manager-managed MMLLC. If the entire group participates equally in running the organization, it’s a member-managed MMLLC.  How many members can a multi-member LLC have? There is generally no limit on the number of members a multi-member LLC can have. These members can be individuals, corporations, foreign entities and even other LLCs.   What are the pros and cons of a multi-member LLC? The pros of a multi-member LLC include limited personal liability, unlimited members and a well-known and documented business structure. And, compared to corporate business structures, the pass-through nature of LLCs mean that your federal taxes may be a little less complicated. Still, it’s recommended to consult a tax professional before filing your federal tax return.  A major con to this structure is that an action of one or more LLC members can affect the others. For example, if one member participates in fraud or gets lax in their bookkeeping in regard to the business or property, other members can be held liable for their mistake.  Do my spouse and I need a MMLLC? If you and your spouse open a business, you may need to file for a multi-member LLC depending on where you live. Spouses in community property states (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin) are already considered joint owners, so a single-member LLC will suffice. In all other states, a MMLLC is a good idea as it protects both partners if financial or legal struggles surface in the business.  How are multi-member LLCs taxed? Taxes are a little different between MMLLCs and single-member LLCs. Both LLC types use pass-through taxation, where profits and losses flow directly to the owners. When it comes to federal taxes, by default, multi-member LLCs are treated like partnerships unless they request otherwise. Similarly, single-member LLCs are taxed as sole proprietorships by default. The key difference is that single-member LLCs can file via their personal income taxes every year; MMLLCs need to give each of their owners a Schedule K-1 tax form to do the same.  There are two different tax classifications you can choose instead of the default pass-through: S corp or C corp. An S corp bypasses self-employment tax but taxes the owner as an employee. A C corp might appeal to a younger company because it allows stock to be claimed as an ownership investment. Like John and Miguel in the example above, you’ll be part of a multi-member LLC  if you choose to become a co-owner of a second home with Pacaso. Your Pacaso will be shared via a fully managed MMLLC specifically designed for co-ownership. When you’re ready to buy your second home, we’ll partner with you to purchase 1/8 of a home via a private, professionally managed multi-member LLC. This is called the Pacaso Home LLC. We take care of all the paperwork and find additional owners to purchase the other shares. Following closing, LLC co-owners (no more than eight per Pacaso Home LLC) each own respective membership interest(s) in the LLC, and the LLC owns the home. View our residential listings and

Fractional ownership allows multiple individuals to purchase property together and share usage rights. It’s a common practice among people buying big-ticket items like second homes, Because each party is only responsible for a portion of the full purchase price, Unlike timeshares, fractional ownership via a method like While a lot of factors go into deciding if fractional ownership is right for you, one of the most important considerations is how you’ll pay for it. Here are a few options for financing fractional ownership of a second home.  Types of fractional ownership financing Cash Of course, paying for your second home in cash is the most straightforward option — there's no financing application, no contingencies and, best of all, no monthly mortgage payment or interest charges. However, not all buyers have the amount of cash required to purchase shares in a property without Mortgage While not every bank or credit union offers mortgages for fractional ownership purchases, an increasing number do. It’s important to note that qualifying for a second home mortgage can be more difficult than qualifying for your first mortgage. You may need a higher credit score, longer employment history and a down payment of 20% or higher.  If you’re buying in a new vacation community, the property developer may offer financing through a banking partner as a way to encourage purchases.  Home equity  If you already own a home and have a significant amount of equity, you may be able to tap into it to purchase your second home. There are three different ways to do this. Be sure to explore your options with your financial advisor, mortgage broker or accountant.  Financing a Pacaso second home Pacaso is a popular choice for fractional ownership of a vacation home. Our unique co-ownership model allows you to buy a ⅛ share or more of a fully furnished and professionally decorated second home in your Buyers can pay for their co-ownership share in a Want to find your dream vacation home? Explore our

What’s more exciting than finally finding your The good news is that luxury is subjective, so making a home feel like the most opulent escape means decorating it to your taste. Still, you can take cues from some luxury interior design principles to transcend your space.  With help from our interior design team, we’ve pared those luxury interior design principles down to nine areas to pay attention to, and, for good measure, created some mood boards to inspire every room in your home. Now, let’s dive into that life of luxury that’s so you. What is luxury interior design? Luxury interior design is considered a more decadent form of interior design, be it through fine art, high-end furniture or hyper-functional layouts. But it’s also subjective, since everyone experiences luxury a little differently.  — Pacaso interior design team All this is to say that luxury interior design aesthetics can vary, but core principles of luxury design remain the same. What are the principles of luxury design?  There are Without further ado, let’s dive into each. Remember that all of these luxury interior design elements can be tailored to your specific style and taste. 1. Sustainable materials Believe it or not, a Salvaged wood ceiling beams, reclaimed stained glass in a front door, and cork lampshades just scratch the surface of a few sustainable materials you can use in a luxury home — and feel good doing it. 2. Prioritized comfort Luxurious interiors don’t need to be so decadent that you can’t interact with them. In fact, it’s quite the opposite. A luxurious home prioritizes comfort above all. For example, ditch your upright guest seating for a classic chaise lounge, or turn an office corner into a tranquil meditation space complete with floor cushions and a yoga mat. 3. Functionality Contrary to popular belief, a spacious home doesn’t necessarily mean luxury. Instead, functionality should be at the forefront of any luxury interior design project to ensure seamless interactions with the space. — Pacaso interior design team For instance, every seat should have a tabletop nearby to place drinks, books or other items. Every sink needs a plush towel within arm’s reach. And a faucet installed above the stovetop can certainly streamline the cooking process. These simple but intentional placements make for a sophisticated approach to a room’s overall design. 4. Curated lighting Lighting may be one of the most important design elements of any home because it affects how we see the rest of the interior design, like shining light on a piece of special artwork or a rare houseplant.  Light fixtures can even be a piece of art in themselves. For example, if a room teems with natural light, opt for a more ornamental fixture (like a chandelier with fewer bulbs) that doubles as a statement piece or focal point in a room. 5. Various textures A variety of textures can bring depth to a room and make for a more well-rounded experience. Remember that sleek surfaces bring a modern mood to a space, while fluffy Moroccan rugs can achieve a sense of coziness. Pair them together in a luxury home’s interior and you have multiple sensory experiences. 6. Innovative color palettes Clean white walls are rarely considered the apex of luxury interior design. Ornate wallpaper and innovative color palettes, on the other hand, speak volumes of the restraint it takes to fill a space. Dark walls, for example, can bring a bit of drama and grandeur to a room. Mixing patterns and thematic color palettes can also create a customized version of luxury. Keep in mind that the colors you choose can also affect your mood. Bright yellows might be great for an area where you want to focus and be productive, while shades of blue are ideal for areas of relaxation.  7. Primary (and secondary) focal points A focal point guides your eyes across a room, often admiring the secondary focal points along the way. The idea here is that you don’t need to be overwhelmed with what to give attention to in a room — after all, that’s not a luxurious experience. Oftentimes, a room’s layout determines the focal point in the room, like a fireplace in the living room or an island in the kitchen. But you can create a brand-new point, too. Sculptures or other pieces of art are one such example. 8. Consistent room designs What could be more luxurious than living somewhere that feels totally personalized to your sense of style? Marrying your style across the entire home means ensuring you have a consistent flow of the same flooring, color palettes, hardware and art pieces in every room. 9. Indoor/outdoor living Nature is known to soothe the soul, so inviting outdoor elements inside your home — and vice versa — is an excellent way to lead a life of luxury.  Whenever possible, create a sense of indoor/outdoor living by capitalizing on the luxurious exterior views of your home. Let your floor-to-ceiling windows sparkle uninterrupted by skipping the window coverings.  — Pacaso interior design team If the views are lacking, bring the outdoors inside with a variety of plants and earth-toned design elements. Luxury decor tips for every room Now that you know the principles of luxury interior design, it’s time to apply them to every room in your home — or second home.  Follow our Luxury kitchen design Luxury spaces with a high amount of foot traffic need to be as functional as they are beautiful. Depending on the layout and Prioritize the comfort of these spaces where people will be relaxing while enjoying a meal. This means being intentional about the seating materials and mood lighting you use.  Ditch the can lights for pendant lights that feature warm bulbs to transform kitchen island counter seating into a high-end bar.  Luxury living room design A luxury living room can be completely dedicated to lounging in maximum comfort or serve a dual purpose. Your living room can also function as a library, home theater or office space.  — Pacaso interior design team Due to the dynamic nature of lounging spaces, this type of room is the perfect candidate for a focal point feature, like a custom coffee table or sculpture. Luxury home office design If your luxury home office is less about work and more about recreation, then make custom cabinetry showcasing your rare collectibles or hobby projects the focal point of this room. — Pacaso interior design team Luxury bedroom design Luxury bedrooms are more than just a place to rest after a long day. Needless to say, comfort should be the priority of this space. However, luxury bedrooms can also benefit from other design principles like curated lighting and mixed textures.  If you want to feature a glamorous dressing parlor within your luxury bedroom, for example, consider differentiating that area with wallpaper or a chic room divider. To further separate the two areas and create contrast, play with softer textures for your bedding and the surrounding space. Luxury bathroom design It’s entirely possible to turn a luxury bathroom into a Luxurious materials like wood and stone also help add an indoor/outdoor feel to your bathroom. Sustainably sourced water-resistant materials like teak are great choices for bath tables and shower benches. Transform your counter space into a timeless vanity by incorporating natural lighting and a personalized storage system for your skincare products. Invest in high-quality towels for a luxurious finishing touch to your daily hygiene routine. Luxury interior design is all about what creature comforts are timeless to you. With these principles and mood boards in hand, you’re on the path to leading a life of luxury, no matter the size or location of your home or