Co-owning

It seems almost too good to be true: Own a piece of vacation heaven, a guaranteed yearly getaway, at what appears to be a pretty affordable price. That’s the promise of timeshares — shared ownership arrangements that give multiple buyers the right to use the same property for specific periods each year.  But when you take a closer look at how timeshares work, you may find yourself with questions about their flexibility, long-term value or hidden fees. So, Before deciding, it’s important to understand what a timeshare really is and explore modern alternatives that offer real ownership and more freedom in your path to How do timeshares work? A timeshare is a shared vacation property ownership model, most often connected to hotels or resorts. Instead of one buyer owning the property outright, the ownership is divided among multiple people (typically up to 52) so each person has the right to use it for a set number of days or weeks per year. Think of it as purchasing time rather than the property itself. Owners don’t hold full real estate ownership but instead secure the right to stay in the same accommodation at recurring intervals. For example, if a unit is divided among 52 owners, each person usually gets one week of use annually. This arrangement makes vacation homes more affordable while guaranteeing consistent access to popular destinations. However, it’s important to note that timeshares generally tie you to a single property, unlike Here’s a closer look at the general steps that show how timeshares work: Real-world timeshare example Let’s say your family buys a timeshare property in If you vacation there for ten 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. The success of the timeshare model depends on each unit being owned by multiple parties, often dozens at a time. Owners don’t always live nearby either— the average distance between a timeshare and an owner’s primary residence is over 1,000 miles. According to a With so many options available, it helps to understand the different types of timeshares and how each one works. There are many types of timeshares, but most fall into two main contract structures. Deeded timeshares Deeded timeshares divide ownership of a property into smaller shares that reflect how long you can stay. For example, a property split into two-week intervals would have 26 owners. The most common model is a 52-part split, one for each week of the year. With a deeded timeshare, you hold real ownership that can be sold, willed to family, or transferred. Most timeshares in the U.S. are deeded. Right-to-use (lease) timeshares Right-to-use (RTU) or leasehold timeshares operate more like a long-term rental. Instead of owning a portion of the property, you lease the right to stay for a set number of years—commonly 20 to 99. Once the contract expires, your usage rights end. Like deeded models, you’ll still share the property with other owners, often up to 52 families. With an understanding of the two main types of timeshare contracts, let’s explore the three primary ways vacation time is divided among owners. 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-week timeshare 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-week timeshare Floating weeks let you choose your week seasonally. This offers more flexibility than a fixed-week model, 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 snatched up quickly.  You'll often need to book far in advance to secure your preferred dates. If keeping your Points-system timeshare Some timeshare properties operate with a points system where 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. In addition to the upfront payment, you'll be responsible for 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 typically do not offer loans for timeshares, leaving buyers with limited financing options outside of the timeshare company itself. With little competition, some companies rely on high-pressure sales tactics and may charge interest rates between 14% and 20%—significantly higher than most second-home loans on the open market. These factors can greatly increase the overall cost of a timeshare, making it crucial for buyers to carefully review the full financial commitment before signing any agreements. Using a What are the pros and cons of a timeshare? However, there are downsides to consider. Annual fees and special assessments can be costly, and selling a timeshare on the secondary market can be challenging if it’s no longer the right fit. The industry has also gained a reputation for high-pressure sales tactics. Additionally, timeshare ownership typically does not provide the financial benefits of traditional real estate, such as equity growth, What does exiting a timeshare look like? If a buyer eventually decides to sell their timeshare, recouping the initial investment and yearly maintenance fees can be difficult. While new timeshare sales continue to grow, the resale market is flooded, with While exiting a timeshare is notoriously challenging, there are six Learning each strategy’s associated costs and understanding which strategy works best for you will help streamline the overall process. What are some timeshare alternatives? With the high costs and limitations associated with timeshares, it’s recommended you first From second home co-ownership and vacation home ownership to vacation rentals, travel clubs, and resorts, each timeshare alternative comes with its own set of features. Options differ in flexibility, ownership structure, fees, and overall cost, allowing vacationers to choose what best fits their needs and lifestyle. What’s the difference between fractional ownership and timeshares? When comparing The benefits of fractional ownership become clear across factors like the number of owners, scheduling flexibility, equity, management, maintenance, building type, cost, and resale value. Fractional ownership generally means fewer owners, more flexible scheduling, and a share that can appreciate over time. Owners also enjoy the comfort of luxury vacation homes rather than individual units within hotels or resorts. What’s the difference between vacation clubs, timeshares, and second homes? The main Owning a second home — usually a vacation property separate from your primary residence — offers you the freedom to visit multiple times per year, potential property appreciation, and the ability to avoid the challenges of reselling a timeshare. How does Pacaso differ from timeshares? And should you decide to sell, you can sell at any time, at the price you set. Learn more about how co-ownership of a second home works with Pacaso and Here’s how traditional timeshares Benefits Pacaso offers With Pacaso, you enjoy the

Behind the scenes of every breathtaking estate, ocean-view villa, or designer penthouse is luxury property management — an entire ecosystem that ensures every detail runs flawlessly. From seasonal maintenance to anticipating an owner’s preferences before they arrive, luxury property managers operate with precision, discretion, and an eye for perfection. Luxury property management vs. traditional property management While traditional property management focuses on efficiency and occupancy, luxury property management services Traditional Luxury property managers serve less as building supervisors and more as stewards, blending operational expertise with hospitality-level service. Where standard managers respond to issues, luxury managers anticipate them — protecting not only the property but the lifestyle it represents. Here’s how traditional and luxury property management services compare across key aspects of service, clientele, and approach: What are some key luxury property management services? At the heart of luxury property management is a commitment to proactive care and personalized service along with the ability to foresee needs before they arise. While the scope of services varies by company, all luxury property management companies blend operational excellence with high-touch attention to detail, ensuring that each home is functional, comfortable and flawless. Core services and operations These foundational services form the backbone of any luxury property management company: Home presentation and upkeep Beyond operations, a luxury property manager also emphasizes the visual and experiential aspects of ownership by maintaining beauty, functionality, and a sense of refinement throughout the home. Concierge and lifestyle services The extent of concierge offerings varies by provider. Some luxury property management companies offer services like: What does luxury property management look like for vacation homes? Owning a second home in a sought-after destination like a ski retreat in Luxury property management provides the local presence every second-home owner needs to keep the home meticulously maintained and fully prepared for every arrival. From remote oversight and seasonal maintenance to vendor coordination and home readiness, professional management keeps properties running year-round. Before each stay, the home is refreshed to perfection: fresh linens, stocked pantries, ideal climate settings, and personalized touches that make it feel instantly familiar. When the season ends, the same team oversees winterization, storm preparation, and maintenance closures to protect the home’s value and condition between visits. Whether it’s care specific to What are some emerging luxury property management trends? The world of luxury real estate is evolving fast — and so is the way these properties are managed. As technology, travel, and lifestyle expectations shift, luxury homes are becoming more connected, data-driven, and experience-oriented than ever before. Co-ownership models Modern buyers are prioritizing flexibility over full-time responsibility. Co-ownership models like Pacaso gives owners access to luxury vacation homes without the year-round responsibilities of upkeep, coordination, or constant oversight — with a luxury property manager handling every detail, from maintenance to home readiness and owner support. Smart technology Smart home automation allows owners to manage every aspect of their property remotely — adjusting lighting, temperature, or pool systems with a tap, or monitoring security feeds from anywhere in the world. For managers, it provides real-time visibility into maintenance needs, energy efficiency, and occupancy patterns, allowing them to respond before issues arise. From automated climate control for art collections to AI-powered systems that learn owner preferences, the smartest homes operate seamlessly behind the scenes. Wellness and experience design Homes are increasingly curated around wellness with built-in features like home gyms, spa suites, air-quality systems, and biophilic design elements that promote calm and balance. Sustainability High-end estates and luxury property management companies are embracing environmentally conscious practices that enhance both the efficiency and longevity of the homes they oversee. Features and eco-minded strategies like solar The new standard of home ownership with Pacaso Today’s luxury homeowners are looking for more than a property — they want freedom, flexibility, and a trusted partner to handle the details. Pacaso represents the new standard in luxury property management: professionally managed co-ownership that delivers all the benefits of owning a second home, without the hassles of full-time, traditional ownership. Each Pacaso home is

San Diego luxury homes for terrace entertaining San Diego luxury homes make outdoor entertaining effortless, thanks to expansive terraces, ocean breezes and seamless indoor outdoor flow. From casual sunset cocktails to formal dinners, terrace homes create room for every gathering style while taking full advantage of the region’s mild climate. Co-ownership with Pacaso lets you enjoy these spaces in a professionally managed home, without the hassle of upkeep. Why terraces shine year-round in coastal San Diego Outdoor living is more than a design preference here, it is a lifestyle. Buyer interest in terraces, outdoor kitchens and entertainment zones in San Diego luxury homes continues to grow across the high-end market, and early spring momentum underscores the appeal of these spaces as the weather warms. In fact, homes listed in late March to early April have historically sold for about 2 percent more in San Diego, aligning with peak enthusiasm for outdoor living. Design trends shaping San Diego luxury homes Today’s terraces are purposeful, flexible and made for hosting. Consider these design moves when evaluating terrace homes or planning your next gathering space: Must-have amenities for terrace entertaining Entertaining works best when the terrace is as functional as it is beautiful. Prioritize amenities that keep the party flowing: For sky-high gatherings, Hosting tips for refined outdoor gatherings A well-planned terrace invites guests to relax and linger. These simple strategies keep events polished and low effort: Steps from Windansea Beach, Where terrace homes shine in San Diego Terrace homes with panoramic views cluster in standout neighborhoods. La Jolla offers bluffside decks and walkability to How Pacaso co-ownership fits your lifestyle Pacaso pairs the allure of San Diego luxury homes with a modern way to own. Enjoy professionally managed, designer-furnished homes with expansive terraces, without the stress of full-time upkeep. While individual listings in the top tier have recently taken longer to transact in the broader market, co-ownership offers a streamlined path to step into the lifestyle and start hosting sooner. Experience terrace living in San Diego Ready to host on your own terrace with ocean views and a chef-worthy outdoor kitchen? Explore available homes in

Turnkey homes: Guide to effortless London living For many buyers, the pace of life in London makes time the ultimate luxury. That is why turnkey homes are so compelling. These fully finished, beautifully furnished residences let you step into the city and start living right away. For those considering luxury homes in London as a second address, Pacaso co-ownership offers a straightforward path to a turnkey home in prime neighborhoods without the workload of sole ownership. What turnkey means in London today In London, turnkey describes homes that are fully designed, furnished and equipped to a high standard, so you can enjoy the space immediately with no additional work. Demand has climbed notably in Prime Central London, where convenience is paramount. Recent analysis notes that 17 percent of London buyers now prefer homes that require no additional work, with the figure rising in prime and super prime segments ( The market has even embraced a super turnkey standard that layers designer furnishings, curated art and finishing touches onto already completed residences, offering immediate enjoyment with minimal decisions for the buyer Tucked in Mayfair, Benefits of turnkey homes you feel from day one Turnkey homes for sale in prime London neighborhoods If you are shortlisting turnkey homes for sale, focus on essentials that enhance daily life in the city. Use this quick checklist to keep your search efficient and on point. On Mayfair's only gated street, How Pacaso co-ownership makes London effortless Pacaso curates and designs fully furnished homes, manages care and simplifies scheduling so you spend time enjoying London, not maintaining a second address. Co-ownership gives you access to beautifully finished spaces in exceptional areas, with ownership structure and professional management that keep everything running smoothly. In Chelsea, Design details that define luxury homes in London Great turnkey design blends British character with modern ease. In luxury homes in London, look for details that feel considered and practical for daily use. In Belgravia, How to choose your London base Make London yours without the work Turnkey homes align perfectly with how buyers want to experience the city. Explore Pacaso turnkey homes for sale in prime neighborhoods and see how co-ownership can simplify your London life. Start with our

Nothing tests a home like a full house, especially occasions like family getaways and holiday gatherings. But with the right luxury home features, hosting can be smooth instead of stressful. Here’s a look at standout features in Pacaso homes that make a house full of people feel like an experience everyone actually enjoys. A chef’s kitchen built for large-scale hosting Pacaso home: Nothing derails a gathering faster than a sink full of plates and a host stuck rinsing instead of relaxing. Holidays like Thanksgiving practically guarantee an avalanche of dishes — but a chef’s kitchen with dual dishwashers changes the equation. With room to spare and twice the cleaning power, you can serve, reset, and get back to the fun instead of living at the sink. A rooftop with panoramic mountain views Pacaso home: This is the kind of space that defines luxury home layouts. Residents can enjoy morning coffee with magnificent views of the Tetons, pre-dinner happy hours lit by a vibrant sunset, al fresco meals, or even a game night under the stars. With panoramic mountain views from the heart of downtown Jackson, it’s the kind of setting people remember long after the trip ends. Resort-style amenities Pacaso home: This home is built for outdoor living: an infinity pool and jacuzzi overlooking the water, a palapa-shaded lounge for long, lazy afternoons, and a fire pit made for late-night conversations. In addition to these luxury home features, owners also receive a complimentary first-year membership to the exclusive Palmilla Dunes Beach Club — with resort pools, a state-of-the-art fitness center, spa, tennis and pickleball courts, and oceanfront dining. It feels like checking into a five-star resort, just with the added comfort of home. Indoor–outdoor living Pacaso home: Just steps from the sands of La Jolla Shores, this home blurs the line between inside and out – a popular feature of luxury home layouts. An open floorplan flows out to dual-level decks with ocean views, a poolside terrace, and a fire pit — the perfect setting for entertaining, hosting events, or winding down after a day at the beach. The outdoor kitchen, complete with pizza oven and BBQ, makes it easy to serve a crowd without ever leaving the breeze.  A guest house for flexibility and breathing room Pacaso home: On 30 acres in Napa Valley, this property includes a separate one-bedroom guest house — a hosting luxury that solves countless scenarios. It gives family or friends a quiet place for longer stays, lets grandparents turn in early, or offers teenagers a bit of independence without being truly “away.” Everyone is together, just not on top of each other — the key to repeat visits. A game room and wine room for after-hours hosting Pacaso home: At this South Lake Tahoe home, the fun doesn’t end when the day does. A spacious loft-style game room sets the stage for billiards, cards, or a friendly rematch after time on the slopes. Just steps away, a dedicated wine room makes it easy to pull a favorite bottle and settle in for a night of good company and conversation. It’s the kind of space where people stay up too late swapping stories, pouring “just one more,” and turning a regular night into a memory. Sometimes the best luxury home features are the ones that bring people together. Private suites with kitchenettes for true guest independence Pacaso home: This Palm Springs home takes hosting events or family gatherings a step further with five individual casita-style guest suites. Each one is thoughtfully appointed with its own kitchen, bathroom, and dining nook — giving visitors the freedom to brew their own coffee, make a quiet breakfast, or settle in without waiting on the host. A shared courtyard brings everyone together when it’s time to socialize, but the privacy in between is what keeps guests happy to return. Ensuites and balconies for every guest Pacaso home: In Park City, this three-level, five-bedroom home gives every visitor a true suite experience. Each of the four guest rooms includes an en suite bathroom and access to outdoor decks, so no waiting for a hot shower after a day on the slopes, and no competing for space in the morning. Guests get comfort and autonomy, while the host gets peace of mind. Luxury home features, built in and ready to enjoy When you own with Pacaso, the

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 While Pacaso offers a unique form of co-ownership through an LLC, traditional co-ownership models like 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.  — 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!).  — 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 — 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.  — 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

Thinking about buying a second home but not sure where to start? Our Pacaso 101 webinar breaks it all down. Hosted by Pacaso sales expert Braeden Cobb, this session walks you through how our modern co-ownership model works, from choosing your ideal home to understanding financing, scheduling, and swap. Watch the full webinar below to learn how Pacaso simplifies second-home ownership, so you can spend less time managing and more time enjoying the places you love.

Many dream of What makes beachfront property management different? Owning a beachfront property comes with unique demands that set it apart from other types of property care. In addition to the standard responsibilities of property maintenance, guest management, vendor coordination, and preventive care, Homes along the shore face year-round exposure to salt air, humidity, storms, and the daily wear of sand and sun. These elements can quickly erode finishes, corrode metal, and cause structural damage if not properly managed. That’s why beachfront properties require more frequent inspections, specialized materials, and proactive upkeep to preserve both their beauty and long-term value. Beachfront vs. coastal property management At first glance, beachfront property management and coastal property management may sound interchangeable as they both deal with homes near the water. But there’s a world of difference between a property that sits on the beach and one located a few blocks or miles inland, and each requires a different level of Key distinctions: What are common challenges of beachfront property management? Beachfront homes face constant exposure to the elements which brings a unique set of maintenance challenges. Owning a beachfront home demands a proactive approach to protect both the home’s structure and long-term value. While every beachfront property faces these challenges, the severity and focus of care vary by location. A home in Maine, for instance, faces different risks than What does beachfront property management look like by region? Every coastline has its own unique characteristics, weather patterns, and environmental factors that can impact coastal homes. While all beachfront homes share common upkeep concerns, the day-to-day realities of managing them differ across the East Coast, West Coast, and Southern beaches. Northeast beachfront property management From the Jersey Shore up through Cape Cod and Nantucket, Northeast beachfront properties face harsh winters, nor’easters, and the year-round effects of salt and moisture. Management here focuses on protecting homes from cold, storms, and coastal wear. In Cape Cod and Nantucket, for example, winter prep is essential. This includes protecting pipes from freezing, servicing heating systems, and sealing gaps to keep the cold out. Every property requires attention to seasonal rhythms to stay safe, comfortable, and well-maintained. Key focus areas: West Coast beachfront property management Along the Pacific, weather is generally milder, but erosion, salty air, and strict environmental regulations create their own set of challenges. Beachfront homes in California, like this Key focus areas: Southern and Gulf Coast beachfront property management In the South, where humidity, heat, and tropical storms dominate the forecast, maintenance revolves around moisture control and weather resilience. Beachfront homes in Florida, along with those in Texas, Louisiana, and Alabama, face long summers, heavy rainfall, and intense sun exposure that can quickly wear down exterior finishes. In Miami Beach, for example, it’s important to keep a close eye on king tides, which can bring flooding even on sunny days. Homes with water access or docks require owner education on tide levels, timing, and safety. The same is true for popular destinations like South Carolina beachfront vacation homes, where consistent upkeep is key to comfort and longevity. Key focus areas: Why do many owners choose professional beachfront property management? Owning a beachfront home is rewarding but maintaining one is rarely simple. Between constant exposure to salt air, unpredictable coastal weather, and high guest expectations, the demands can quickly overwhelm even experienced homeowners. That’s why many choose to work with a professional Key advantages: Many owners find the How Pacaso elevates beachfront property management Every Pacaso home comes with a dedicated local Home Manager who supports owners and cares for the property before, during, and after each stay. Acting as a centralized point of contact, they coordinate all aspects of beachfront property management, from maintenance to day-to-day tasks, ensuring an easy and enjoyable experience for owners. In coastal destinations, where salt air, humidity, and storm exposure add extra layers of complexity, Pacaso Home Managers provide invaluable support. They keep homes well-maintained, secure, and always ready for owners to simply arrive and enjoy their oceanfront retreat. Here’s what you can expect from your Pacaso Home Manager: Comprehensive property care Personalized service and thoughtful touches Financial and vendor oversight Why co-own a beachfront home with Pacaso? Beachfront living should be about enjoying the view, not worrying about upkeep. With Pacaso, homeowners benefit from a full-service approach to beachfront property management that protects their investment, preserves the home’s beauty, and ensures every visit is effortless.  Whether you’re visiting for a weekend getaway or sharing ownership year-round, Pacaso provides the peace of mind that comes with professional oversight — so you can focus on making memories, not managing the property.

Is owning a second home starting to feel more like a hassle than a joy? Consider selling it with Pacaso. If you own an amazing second home but use it less than 16 weeks each year, Pacaso might be right for you. You can maintain partial ownership for your use. Make your second home work for you With our co-ownership model, you have the option to keep the portion of your second home while no longer bearing the full responsibility of having a whole home. You leave maintenance and hassles behind, while still enjoying the home you love and the benefits of ownership. When you So, whether you want to tap into your equity or finally have a hassle-free retreat, let us make your second home the right fit for you. How the program works Selling with Pacaso is easy and streamlined. We sell your home share-by-share until you have your preferred amount of equity or are completely divested. Here’s how it works: "Selling with Pacaso has enabled us to sell a few shares and have money in our pockets, but hang on to the house a little longer too," says Jay, an owner who sold part of his second home to Pacaso. "We could still have time in the home but without the headaches of maintaining it." Which homes does Pacaso buy? Every Pacaso is different, but these are some of the features we look for in a If your second home sounds like a match, take advantage of our co-ownership program today.

A Understanding property managers Owners typically 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.

A property is viewed as a How the IRS defines a second home for tax purposes The IRS defines a second home based on how much you use it personally versus how much you rent it out. For a property to qualify, your personal use of it needs to be more than the greater of either 14 days or 10% of the days you rent it out at a fair market price.  While the tax rules are key, lenders also have their own requirements. They often look for things like the property being a single home (not a Here are other common characteristics of second homes: Tax implications when your second home is a personal residence Second homes come with a host of possible Mortgage interest deduction 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.  For properties purchased after December 15, 2017, you can deduct mortgage interest on up to $750,000 of qualifying home acquisition debt across both your primary and second homes. Under Home equity interest deduction In addition to deducting mortgage interest, you may also be able to write off interest paid on a This means you can't deduct interest on a home equity loan if you use the money for other purposes, like consolidating credit card debt or paying for a child's college tuition. This deduction is also subject to the same $750,000 combined mortgage debt limit that applies to your primary mortgage. Property tax deduction You can This limit, which was recently increased by H.R. 1, applies to the total of these taxes paid on all of your personal residences if you Tax implications when your second home is a rental property If you rent out your second home for more than 14 days per year, the property is considered a rental for tax purposes. This changes the tax rules significantly, as the property can no longer be classified as a personal residence. What about capital gains when selling? When you sell a second home, any profit you make from the sale is generally subject to capital gains tax on a second home. This is a key difference from selling a primary residence, which may qualify for a significant tax exclusion. Where the Pacaso model fits in The Once you understand the tax rules, it’s easy to maximize the financial benefits of your second home. Pacaso allows you to enjoy a luxury property and its tax benefits without the stress of managing it all on your own. Check out our

Hosting loved ones should be joyful, not stressful. But most hosting tips barely scratch the surface when it comes to managing the entire event and still enjoying yourself. Between planning the food for a holiday party, coordinating travel, navigating family dynamics, and keeping the kids entertained, the holidays can quickly shift from festive to frantic. Beyond side dish recipes and seating charts, these holiday hosting tips will help make your holiday party feel easy, enjoyable, and truly memorable. How to host like a pro 1. Plan ahead Set your holiday party up for success by giving yourself the gift of time. Create a simple timeline for shopping, cooking, and setting up so you’re not scrambling at the last minute. Double-check that you have all the essentials, from tableware and linens to serving dishes, napkins, and that all-important wine opener, so when guests arrive, you’re relaxed, present, and ready to mingle. 2. Create an impressive (but manageable) menu Don’t rely solely on family favorites or untested online recipes. Choose a menu that feels special yet manageable, with dishes that can be prepped or finished ahead of time. Food for a holiday party 3. Leave room for guests to contribute Hosting a holiday party doesn’t mean doing it all yourself. Encourage guests to bring something special to share — a favorite side dish, dessert, or bottle of wine — which lets them feel part of the celebration. Even if you tell them their presence is enough, many will still want to contribute. Make sure to leave a dedicated space in the kitchen or on the dining table to showcase their thoughtful additions. 4. Set the mood Décor, music, and lighting do more than fill a room, they create an atmosphere that makes your guests feel instantly welcome. A curated playlist, a few candles, and fresh florals can transform any space into a warm, inviting setting. It’s one of those simple hosting tips that delivers the biggest impact with the least effort. 5. Create cozy gathering spots Beyond the dining table, set up inviting spaces where guests can gather before and after the meal — on the patio, around the fire pit, or in a cozy corner with plush chairs and blankets. These little retreats encourage conversation, laughter, and connection, helping your holiday party feel relaxed, warm, and welcoming. 6. Keep the little ones entertained Often overlooked, this simple hosting tip 7. Keep the fun going Once the meal is done, consider adding a light game or activity if the mood strikes. A simple trivia round, a festive card game, or a conversation starter can spark laughter and friendly competition, keeping energy high and the evening memorable for everyone. The most important hosting tip Once everything is in motion, take a deep breath and be present. The best holiday party gatherings aren’t about perfection — they’re about connection, laughter, and creating memories that last long after the last guest has gone. When you co-own with Pacaso, hosting a holiday party is easy. Beyond spacious and beautifully designed interiors are