Co-ownership basics

A Understanding property managers Owners typically hire a property manager to help them achieve their goal of building a steady investment income while reducing the burden of daily property operations.  Property managers specialize in all operational aspects of ownership Every property will come with unique needs, and the property manager’s responsibilities are outlined in their contract with the owner. Owners with multiple properties might seek out a property management firm to coordinate all operations and oversight.  Because property management involves adherence to housing laws, some states require a license to manage a property, either as a real estate broker or as a licensed property manager. Property managers enforce federal, state and local requirements dealing with screening tenants, evictions, lease terminations and handling deposits.  Takeaways Property managers share these characteristics: In more detail: There are three primary kinds of property managers: commercial, multi-family and single-family. Some property management firms work with a blend of property types. Commercial property management focuses on office buildings and industrial spaces.  Multi-family property managers specialize in spaces with many units, most commonly apartment complexes. Similarly, single-family property managers work in residential housing, but they focus on renting out single-family homes versus large-scale complexes.  Every property has different needs, but generally, property managers: No, property managers do not own the property they manage. Property owners outsource the daily operations to a property manager because they specialize in finding new tenants and know the legal specifics of leasing.  Most property managers work for a property management firm that coordinates the needs of several individual properties. In turn, the property firm works directly for the property owner.  Pacaso's in-house team of experienced, local property managers to handle the day-to-day needs of each home, including: With Pacaso, you own the home, and we manage everything — it’s that simple.

What is fractional ownership? For instance, if you invest in a fractional ownership of a holiday home, you're essentially purchasing 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 items. When owners purchase real estate assets with fractional ownership, they are issued deeds representing their fraction of the property.  Fractional ownership is a great way to buy and own a property or another asset without purchasing it alone. It means all owners of an asset have divided percentage shares of a specific item or property. While families sometimes share ownership, fractional property owners can be unrelated. Types of fractional ownership There are two main types of fractional ownership structures:  Fractional ownership through an entity Some properties split ownership by using a structural entity like an 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 Fractional ownership 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.  Fractional ownership advantages There are several advantages to owning a property through fractional ownership. Expanded opportunity to own Fractional investments allow you to own a portion of Deeded ownership Unlike a timeshare, fractional ownership gives you a deed to a fraction of the property itself (sometimes called a fractional interest). This means that the value of your share in the property increases or decreases in line with the property's real estate value. Any increase in value is divided equally and becomes gained equity for all fractional owners. 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 upkeep and Lower upkeep and maintenance burden Most fractional 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 routine maintenance, cleaning and property management in its Potential rental income A fractionally owned property can be rented out as a long- or Fractional ownership cons Though fractional ownership has its advantages, there are a few drawbacks to consider as well. 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 finance your fractional ownership property, like special Less flexibility and freedom All decisions about maintenance, repairs and decor must go through all ownership partners, which Some fractional 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.  An alternative 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

Getting to your vacation destination is only part of the journey. When it comes to traveling with family and friends, you have a few options for accommodations: a hotel, a For a smart way to spend time away, however, consider co-owning a Pacaso second home. Here are a few of the reasons owning a Pacaso is the smarter alternative to a vacation rental. The cost of luxury vacation rentals Vacation If you want to make better use of your money, Pacaso might be for you. Pacaso vs. vacation rental  With Pacaso, you co-own a luxury second home where you can create memories today and build possible equity for tomorrow. This is how Pacaso differs from a short-term vacation rental. Owning a Pacaso instead of booking a rental is similar to owning a home instead of renting an apartment. Rather than paying someone else’s mortgage, you’re investing in a home where you’ll make lifelong memories. You can easily book stays in a familiar home  in a destination you love, all while reaping the benefits of home ownership.  Why Pacaso is smarter than a vacation rental You might be asking: Is now a good time to buy real estate? Real estate has proven to be And if you're not crazy about being responsible for a whole property but still want to own a luxury vacation home, Pacaso’s fully managed co-ownership model is ideal. You choose the amount of ownership that’s right for you at a fraction of the cost. Plus, Pacaso takes it up a notch with unique benefits: 1. Pacaso delivers a consistent experience While short-term rentals are varied, you can expect your Pacaso to be fully appointed, 2. You have a dedicated home manager Another Pacaso perk is that you own the home, and we manage everything. Your home is taken care of by a — 3. Your home is never rented out As a Pacaso owner, you enjoy all the rewards of home ownership. Your Pacaso is a real estate asset that will move in line with the whole home market. You can build equity and enjoy the home for personal use, and if you decide to sell your second home, Pacaso has an established marketplace of interested buyers. 4. No renters are allowed in your home As a co-owned home, each Pacaso is reserved for use only by owners and their guests. Pacaso vets owners, who agree to a 5. You spend less time planning Because you own, you spend your time enjoying your second home, not searching for a rental. And with Co-ownership done right On top of being a smarter choice than vacation rentals, Pacaso is the leading global brand in co-ownership. With a $1 billion real estate portfolio, high customer satisfaction scores and over 1,000 Pacaso homes sold, Pacaso is well positioned to deliver on service, value, satisfaction and trust for years to come.

A property is viewed as a Understanding tax laws and your second home A second home is a personal residence for part of the year. The rest of the time it may remain vacant or be rented out to guests. Here are other common characteristics of second homes: Vacation homes are typically located in Buyers may purchase a second home for retirement or to vacation in another part of the country. It’s not required for a first home to be paid off before buying a second home, however.  Reserving your second home for family-only use rather than using it as a rental property keeps things simpler at tax time. Like a primary residence, you can deduct a portion of your second home’s mortgage interest and property taxes. Tax benefits of second homes Second homes come with a host of possible tax benefits from the IRS, but they depend on two key factors: whether you’re living in your second home more than you rent it out and how much money you’re taking in income from tenants. Let’s dive into the specifics: If you rent out your home for less than 15 days a year, it’s considered a personal residence and you’re eligible for itemized deductions like any other homeowner. You can deduct mortgage interest up to $750,000 on principal for properties purchased after 2020. Rental income (under the 15-day limit) is also exempt, so you don’t need to report earnings to the IRS.  Staying 14 days per year means your second home is considered a residence. In addition to deducting mortgage interest, you may also be able to write off interest paid on a home equity loan. To qualify, you’ll need to have a mortgage on your second home and use the home equity loan for property improvements. You can Takeaways In more detail: If you change your mind about your property and want to rent out your second home, you can change your occupancy status. It’s best to do this after you’ve owned property for at least a year, and you’ll need to report any new rental income to the IRS.  Selling a second home is a different experience than selling your primary residence. Your first home earns you capital gains exclusions: Single tax filers can exclude $250,000, and couples filing jointly can exclude up to $500,000 on their return. That isn’t the case for second homes. The IRS sees secondary properties as investments, meaning that unless you’ve lived there for an extended period of time before the sale, you may pay up to 20% in capital gains tax. Yes, because your Pacaso is a single-family residence that you own. By buying a share in a property-specific LLC, you

When you’re traveling, where you Enter another option: a Pacaso second home. Here’s why co-owning a second home is a better option for your vacations than a The unexpected value of a Pacaso People have compared Pacaso to a hotel, Airbnb or a luxury vacation club like Inspirato. And while there may be some similarities, the experience in each couldn’t be more different. Owning a Pacaso means you’re an owner of a But it's not just about these practical advantages. A Pacaso offers valuable benefits that can only be experienced as an owner. Here’s what our owners have to say.   1. You can just show up and enjoy your home While hotels and short-term rentals can vary widely in quality, you can expect your Pacaso to be fully appointed and pristine — every time you return. Your home is taken care of by a 2. It’s easy to host your favorite people Making memories with friends and family is one of the most life-enriching parts of a vacation. And with your Pacaso, it’s easy to do just that. From outdoor kitchens and al fresco gathering spaces to open grand rooms and game rooms, Pacaso has the space, features and details to help the ones you love feel comfortable and enjoy quality time together.  — Nkem, owner in Malibu 3. You have the whole place to yourself (and your guests!) At your Pacaso, you always have the whole space to yourself. Your home belongs to you. Our homes feature large gathering spaces, and many also have spacious outdoor areas, patios, balconies and decks. Whether you want to relax, work from home or throw a celebration, you’ll have plenty of space for your whole crew. And it’s not just about space — unlike hotels and Airbnbs, all your guests are welcome at your Pacaso (even your dog!).  — Doug, owner in Palm Springs 4. You get to live like a local When you own a Pacaso, you become part of a community. You’re not bouncing through different hotels, homes and places — you return to a neighborhood where every aspect is familiar, from your favorite place for breakfast to local museums. Being able to call a place you know and love home makes for a seamless (and special) vacation every time.  5. You won’t have to stress about your vacation Staying at your own Pacaso offers a different experience from the typical vacation. Rather than having to plan things to do and places to eat at, you have all the — Stuart, owner in Palm Springs 6. You have all the conveniences of home When you come to your Pacaso, there’s no need to pack the small things. Bathrooms are stocked with towels, hair dryers, a scale, magnifying mirror and basic toiletries. Your home has high-speed WiFi and 7. Every detail is luxurious One of the standout things about owning a Pacaso is having luxurious touches throughout your home, allowing you to vacation in style. In addition to our standard amenities and features, you’ll find high quality linens, Turkish towels, premium kitchen products (including Cuisinart, Le Creuset, Ninja and more), porcelain tableware and a Peloton in select homes. These are the small details that make your vacation special.  — Tim, owner in Telluride Vacations (and memories) made better When you co-own a Pacaso, you enjoy hassle-free time at a place that feels like your home (because it is). You have the amenities and convenient experiences of a hotel, the wow factor of a luxury Airbnb, and the space and privacy of a vacation home — plus, all the benefits of home ownership. This is what sets Pacaso apart.  Ready to shift into vacation mode and start making lifelong memories? Check out our

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 provides you with the benefits of actual real estate property ownership. If the value of your second home appreciates over time, your share appreciates proportionately to your ownership stake. Plus, you'll share expenses like repairs, insurance and taxes with the other owners.   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

The median home price in the United States is $439,716, which is a 5% increase compared to the same time last year, according to This approach to property acquisition allows you to But before diving in, weighing the pros and cons is crucial. Let's explore how shared ownership works, its advantages and potential drawbacks before deciding if it's the right path for you. How shared ownership works In Some programs even allow you to gradually increase your ownership percentage over time, known as “staircasing.” This can give you more control and potentially greater equity growth. The type that’s best for you will depend on your goals, financial situation and desired structure with your co-owners. Always talk through your options with an attorney. Joint tenancy One downside to joint tenancy is that you can’t choose anyone outside your co-owners to inherit your share in the property. It’s also worth knowing that if your co-owner has unpaid debts, a creditor can force a sale, which will also affect your share. Tenancy in common With You can also sell your shares without the consent of other tenants. But remember that if another co-owner passes away or chooses to sell, you may be stuck sharing ownership with an unfamiliar new co-owner. Limited liability corporation (LLC) When you form a LLCs have been used primarily for investment purposes, but companies like Pacaso now use co-ownership LLCs to make purchasing second homes easier. The only downsides of an LLC are that you can’t deduct your property taxes or mortgage interest on your Shared ownership pros and cons Weighing the pros and cons of home ownership and Benefits of shared ownership Shared ownership offers a unique path to property ownership, especially for those facing challenges with traditional affordability hurdles. Here's a breakdown of the key advantages: The lower upfront costs, shared expenses, and potential for equity growth make shared ownership compelling. However, it’s also crucial to carefully consider your financial situation, risk tolerance, and long-term goals. Cons of shared ownership While shared ownership offers an attractive entry point, it's essential to consider the potential drawbacks before deciding: The limitations on control, challenges in finding compatible co-owners, and complexities associated with exiting the scheme require careful consideration.  Reasons to try shared ownership homes There are multiple reasons why you may want to Here are a few reasons why people choose shared ownership in a primary or secondary home. Reduce the purchase price  The most common reason to share ownership in a home is to reduce the financial burden on the owners. Two or more individuals can apply for a joint mortgage and share the payments. The lender will consider every applicant’s income, credit score and debt-to-income ratio. If some of the applicants are stronger financially in areas where others are weaker, this can benefit all parties involved. Make a purchase possible when one party has poor credit If one person’s credit could negatively impact a mortgage application, they might not want to pursue a joint mortgage. In this case, they might supply the down payment on the home and let the other parties with better credit hold the mortgage in their name. Depending on their agreement, they may leave it at that, or the person with poor credit may continue to pay a portion of the mortgage payment each month to increase their share in the home over time.  Relieve a financial burden on an existing property If an individual faces financial hardship but has owned their first or Achieve vacation home ownership Owning a vacation home can be a dream come true. However, traditional Co-own a vacation home with Pacaso Shared ownership presents a compelling option for those seeking a foothold on the property ladder or a more affordable route to If you value flexibility and affordability — and are comfortable with shared responsibility — shared ownership could be your gateway to property ownership. Mitigate the

At Pacaso, we consistently design breathtaking interiors that cater to discerning second home owners. Now our design team is taking that commitment to a new level by collaborating with acclaimed fine artist and award-winning designer Sutton is creating bespoke artwork for several of Pacaso listings debuting this summer. These stunning properties stretch from the scenic landscapes of Jackson, Wyoming, to the coastal charm of Corona del Mar, California. Your home serves as a reflection of your personality, and nothing adds character and charm quite like artwork. So we asked Sutton and Pacaso's Head of Design, Lauren Farrell, to share their expertise to help you curate art for your home. Plus, we’ll share a bit more the design of Flow and cohesion: Harmonize your layout Selecting the right art for your home demands a mindful approach that factors in your home’s layout. Consider the visual connections between rooms, particularly in open spaces where walls are visible from different angles. The goal is to achieve a seamless and harmonious ambiance that flows effortlessly throughout your living spaces.  “Art provides visual interest and weight, so learning how to balance the eye between pieces creates a natural path for the viewer to experience the art and the home,” explained Farrell. Size and scale: Balance your walls “It’s extremely important to pay attention to the wall size and artwork scale,” said Farrell. Consider the dimensions of your walls when choosing art, aiming for a balanced and visually pleasing display. Larger walls may call for substantial artworks, while smaller walls benefit from delicate pieces that add charm without overwhelming the space.  Color decisions: Add your personal touch Select are pieces that incorporate colors from your existing decor, such as throw pillows, lamps and vases. Custom commissions offer an opportunity to align your favorite colors and preferences with your chosen artwork, creating a beautiful and cohesive connection between your decor and art. “The unique pieces I created in the Jackson Pacaso project exude sophistication with a masterful blend of blacks, browns and natural tones,” said Sutton. “The curation of artwork focuses on local landscapes, showcasing the awe-inspiring elements of nature that draw those enamored with the destination. Each piece is meticulously executed, with an array of mixed media originals and hand-embellished prints, chosen to embrace a color palette of muted tones that harmoniously integrates the wildlife of the setting, from majestic elk to bears and moose.” Artistic diversity: Use multiple styles  “Embrace artistic diversity within your home,” said Sutton “Pacaso and I used a mix of various textures and visual concepts within our several projects together, from the beach in California to the mountainside of Colorado.”   Ensuring that there are various styles within the collection of works while maintaining a sense of curatorial cohesion to add depth and intrigue to your living spaces is essential. From modeling paste and acrylic on wood, to gold leaf embellished prints in shadow boxes, combining elements and styles that resonate with you will result in a visually engaging environment while also stimulating emotional senses. “With West District in Jackson, we created a captivating assortment of bespoke prints, and the artwork is thoughtfully presented on paper, acrylic, aluminum, canvas wrapped and gold leaf hand-embellished prints. I also created custom mixed media paintings on wood, to thoughtfully balance with the beautiful, natural cognac and charcoal tones within the furniture, providing an engaging visual experience to admirers.” Wall space: Prioritize width When working within a budget, the experts suggest you focus on maximizing the width of your wall space, as opposed to the height. Choosing wider and shorter art pieces can make a significant visual impact without stretching your finances. Opting for prints over originals helps stretch the budget as well. This approach ensures that your artwork is a prominent feature in your home. Cost-effective art: Unleash your DIY creativity For those seeking cost-effective yet artistic solutions, DIY art projects offer an exciting avenue for creativity, as well as calming effects for your mind. Experiment with striped patterns in various ombre colors or explore multi-color schemes for an easy option for beginners. Online tutorials found on Frames: Elevate your presentation Framing plays a pivotal role in accentuating artwork and elevating its overall presentation. Sutton recommends exploring your framing and matting options and using a variety of frames. For Jackson Hole, we went classic with black, white, silver, and gold frames. We created custom, hand-embellished gold leaf shadow boxes to add an elegant and dimensional touch. Tailor the framing choices to suit different areas in your home, ensuring a cohesive and sophisticated art display. For an unexpected twist in your art display, consider framing pieces with colorful frames, and even colorful mats. This creative approach, as showcased in forthcoming Pacaso homes, transforms frames into integral components of the artwork. Inside West District West District is a modern new-construction condominium that draws its design inspiration from the breathtaking landscapes around Jackson. Thanks to expansive floor-to-ceiling windows, the home offers  stunning town and mountain views and is bathed in natural light — a perfect venue for original artwork by Elizabeth Sutton. Pacaso's design team enlisted Sutton to produce one-of-a-kind artwork thoughtfully incorporating elements of the surrounding landscape.  "In Elizabeth Sutton's art, the beauty of the great American West comes alive, elegantly intertwined with modern multi-media techniques, creating pieces that our owners will cherish for a lifetime," said Farrell. "We aimed to bring the essence of blue skies and majestic scenery within the comfort of the home." To seamlessly bring the beauty of the outdoors into the living space, the Pacaso design team carefully selected the furnishings, materials, fabrics and decor. "Embracing the raw beauty of nature, we utilized modeling paste and gold leaf to create distinctive textures, while custom framing added an exquisite touch to the curated artwork," said Farrell.  West District maximizes communal spaces, transforming the home to a haven for gatherings with family and friends. The open plan living area includes a cozy fireplace and dining table, while the sleek kitchen features Wolf and Sub-Zero appliances along with a dine/prep island. The private deck offers a hot tub and BBQ area, complemented by two large dining tables and two inviting sitting areas. The primary suite serves as a relaxing retreat, featuring an en suite bathroom with a double sink vanity and a wetroom equipped with a rain shower and soaking tub. In addition to a second bedroom, a third holds bunk beds for guests of all ages to enjoy. Sutton's one-of-a-kind artwork is skillfully installed throughout West District to create a seamless flow, guiding guests from the entry to the living spaces and the bedrooms. The artful compositions maintain a homogeneous color palette while expertly exploring diverse textures, shapes, and captivating imagery in the prints. "In the most significant spaces, the mixed media fine artworks hang, adding delightful dimensional and metallic elements to the artfully designed interiors," said Sutton. "The result is an elevated and sophisticated portrayal of Jackson Hole's natural wonders, leaving a lasting impression on all who are fortunate enough to behold it." An Elizabeth Sutton limited edition framed art print could be yours Enter to win an identical print of one of Elizabeth Sutton’s pieces commissioned for West District. The ‘Sing for Serenity’ neutral, pixelated geometric abstraction was commissioned to hang vertically in the entryway of the home. Just enter your information

Every Pacaso is designed to create an elevated environment that fosters true relaxation. Although owning and living in a Pacaso is an effortless experience, designing and furnishing a dream second home takes a lot of hard work and dedication. Wondering how we do it?  Let Erin Johns, principal designer for Pacaso and director of furniture and design at Dahlgren Duck, walk you through the best of Sea Scape, an oceanside Malibu second home. Top of the world The old real estate adage “location, location, location” is alive and well in Sea Scape. Pacific views are an incredible home feature, but living atop the waves is another experience altogether.  Salt of the earth One of Malibu’s best features is on display in Sea Scape’s spectacular wraparound deck. Pull up a chair and enjoy the tide rolling in and out.  Strike a balance Though Sea Scape’s outdoor areas are a delight, what's inside definitely counts. Curated with luxurious finishes and a bold aesthetic, including high-contrast artwork, the indoor spaces are spectacular.   Waves of relaxation Sea Scape’s primary bedroom was redesigned to feel like both a peaceful refuge and an extension of the natural beauty outside.  Theme come true California living is more than just a dream in Sea Scape. The home’s design echoes Malibu’s laid-back energy.  Learn more about our

Life in the Coachella Valley comes with a lot of perks. The mountains offer a stunning backdrop for days on the golf course or seeing the sights. And 350 days of sunshine each year make it an ideal spot for indoor/outdoor living.  Whether you’re searching for a second home to call your own or Palm perfection Find your paradise at this head-turning 4-bedroom Palm Springs Pacaso. The home's indoor/outdoor layout make the San Jacinto Mountains a stunning natural backdrop. Glass doors open to expand the living space and provide access to the home’s sparkling lap pool. With more than 50,000 pools in greater Palm Springs, the area boasts more swimming holes per capita than anywhere else in the country. Outdoor oasis When a drop of rain falls in Palm Springs, you’ll know about it — it’s often headline news. But you won’t feel it underneath the grand veranda which looks out on this one-acre Old Las Palmas estate. Rain or shine, this Pacaso’s covered living space offers a cool escape from the desert heat. Contemporary masterpiece The amenities in this Palm Springs Pacaso is reminiscent of a five-star resort. An open floor plan, outdoor kitchen, multiple entertaining areas and views of the pool provide an inviting and luxurious space to sink into the desert lifestyle. Poolside reflection Located in La Quinta, Casa Del Sol is truly a desert paradise. Owners can enjoy privacy in the walled courtyard, sunbathe next to the zero edge pool or gaze at the Santa Rosa Mountains from the comforts of the open-plan living space. Coachella calm Indulge in luxury at this sophisticated 4-bedroom home nestled in the heart of Coachella Valley. Outside, you'll find an entertainment-ready backyard oasis, adorned with the timeless elegance of Spanish-style tile roofing and mature landscaping. Inside, you'll find relaxation among Palm View's ultra-contemporary furnishings and elegant living spaces. Courtyard brilliance Casa Del Sol's walled courtyard is perfect for watching the stars — or entertaining them. Just under two hours from Hollywood, Palm Springs has long been a place celebrities love to live and play. This modern, new-construction home offers the ultimate privacy and relaxation with indoor/outdoor spaces and a zero-edge pool. Desert daze This cool home in the desert isn't a mirage. Before exploring the Coachella Valley's many attractions and music festivals, your group can unwind at this Palm Desert Pacaso, where a private courtyard, refreshing pool and blended indoor/outdoor living give that desert luxe vibe you’re searching for. Picturesque paradise Envisioning a contemporary residence amidst the stunning beauty of Palm Springs? Transform your desert bucket list into a reality with this contemporary, magazine-worthy. Awaken to breathtaking mountain vistas and then indulge in moments of serenity as you sip, swim, and relax on the outdoor terrace. Seamless living has never been more within reach. Second home living in Palm Springs Palm Springs is a true desert oasis and an ideal place to own a second home. The benefits and beauty of life in this historic city can be yours throughout the year when you own a Pacaso. We simplify finding, buying and owning a second home so you can do more than just visit this sought-after California sanctuary. Check out

Are you ready for a retreat where history meets modern luxury? Nestled in the heart of the Napa Valley, Ink House is a timeless gem offering unparalleled living. From its rich heritage and exquisite design to top-notch amenities, this elegant property is a dream for anyone looking for an extraordinary escape. Experience California Wine Country now with one of eight 12-month leases at Ink House, managed by Pacaso as part of an exclusive partnership with the Boisset Collection. Historic elegance While Ink House retains its charm, the farmhouse was renovated in 2017 to modern standards. Central heating, air conditioning, smart home technology and boutique furnishings ensure that leasees experience the best of both worlds. A taste of luxury Ink House’s appeal is not just in its charm — the inn’s amenities, features and design also offer extraordinary living for leasees hoping to enjoy this landmark property.  1. Vineyard views Imagine waking up to the sight of sprawling vineyards right outside your window. The property boasts breathtaking views, providing a picturesque backdrop for everyday living. Whether you're sipping your morning coffee or indulging in a glass of wine in the evening, the vineyard views are a constant reminder of the stunning landscape. 2. Tasting room No Napa home is complete without a dedicated space for wine enthusiasts. The property includes a tasting room, allowing leasees to showcase and savor their collections. It's a perfect pairing for the Napa lifestyle. 3. Gourmet kitchen For those who love to cook or entertain, the gourmet kitchen is a chef’s dream. Equipped with top-of-the-line appliances and ample counter space, the kitchen perfectly blends functionality and style. It's a space where culinary dreams come to life, whether you're preparing a casual meal or hosting a dinner party for friends and family. 4. Outdoor entertaining The property features meticulously landscaped private gardens, offering residents a tranquil escape. Outside entertainment options include a wrap-around porch, firepit, bocce court, large lawn and barn. Whether you're looking for a quiet spot to read a book or gather with your favorite people, Ink House can host it all. 5. Spacious interiors Spacious interiors seamlessly blend historic charm with modern conveniences. High ceilings, large windows and carefully curated decor in every room create a sense of openness and grandeur. The rooms are flooded with natural light, making every corner of the home feel warm and inviting. Exclusive leasee access Ink House is not just a beautiful home — it's your invitation to the Napa Wine Country lifestyle. As a leasee, you get access to private tastings and unique events with the Ink House sits on 1.2 acres, close to shops, wineries, restaurants and hiking paths in the coveted area of St. Helena. It’s quintessential Napa made even grander. Lease a piece of Wine Country history Don't miss your chance to call this enchanting property home for a year and experience Napa's rich history. Want to explore

A Understanding repairs and replacement reserves There’s peace of mind in having an emergency fund baked into your savings plan. The same goes for real estate. It’s hard enough to budget for annual repairs and maintenance, let alone if a hurricane blew the roof off your condo building. That’s where a replacement reserve fund comes in.  Repairs and replacement reserves go towards large-scale projects that benefit all property owners.  If you own property managed by a homeowner’s association (HOA) or other governing body, you’re likely already paying a monthly maintenance fee. It’s common for a percentage of these monthly dues to go towards a repairs and replacement reserve for the property.  These monthly fees can go up if a community or property needs more funds to cover an expense. HOA members vote to make a change like this. Takeaways In short, repairs and replacement reserves are: In more detail: “Long-term repairs” is a catch-all term for planned property improvements. Refinishing siding or updating a roof are two examples of long-term repairs. Property owners know they’ll have to invest in these eventually, and the reserve fund pays for necessary upkeep and improvements.  Reserve funds are also used to recoup emergency costs not covered by insurance,  like damage from severe weather.  Reserve fund balances differ from property to property. When an HOA doesn’t have enough money to cover the cost of a project — like replacing a roof after storm damage — they’ll raise the funds by upping monthly contributions or adding a special assessment. This requires a vote by association members. Ideally, monthly fees are set high enough to keep a property’s repairs and replacement reserve topped up for any given situation. This keeps the HOA from needing to make special assessments and raise rates.  It depends on the amount of anticipated repairs and projects planned for the property. Location plays a big factor, too — HOAs on the coast might factor in costs for hurricane or cyclone repairs, for example. Funds are usually kept in an account that can grow interest over time. Repairs and replacement reserves are often savings accounts.  HOA fees are set by homeowners associations and include expected monthly contributions to repairs and replacement reserves. HOA fees also cover routine maintenance for day-to-day needs like staffing and landscaping. These fees pay for the services needed to keep a community or property looking its best so owners retain the most value in their investment.  Repairs and replacement reserves are only used for very specific situations. The fund is off limits unless property managers (like an HOA) give the go-ahead to release money to fix something. HOA authority comes down to a board member vote.  One of the benefits of Pacaso’s fully managed LLC co-ownership is the shared reserve fund held by the LLC’s bank account. Reserve funds are only used for home repairs and maintenance. Should your home need a major repair, Pacaso will allocate funds. Owners may vote to use reserve funds to replace life-limited items like washers, dryers and roofs. They may also request a vote to use funds to add, replace or upgrade items around the house (installing a sound system, for example).  Reserve funds are just one of the benefits of Pacaso co-ownership — learn more about