Artful at-home tips: Curating captivating spaces with Pacaso and Elizabeth Sutton

Thinking about a second home, but hesitating because of the math, the upkeep, and the “is co-ownership worth it?” questions?  With fluctuating interest rates, rising insurance and maintenance costs, and the general hassle of owning a property far from your primary residence, The catch is that a lot of people are still evaluating co-ownership through old, misleading mental models: random strangers, timeshare rules, rigid weeks, complicated logistics, and messy exits. That’s not how modern co-ownership works, and it’s definitely not Myth #1: “Co-ownership means sharing your homes with random people.” This isn’t an open-door situation; it’s a limited set of co-owners who each have a real stake in the property. And because everyone owns, the incentives are aligned: owners treat the home like an asset and a retreat, not a revolving rental. Want to see what that looks like in real life? Myth #2: “This is basically a nice timeshare.” You’re not buying points, you’re not locked into a resort system, and you’re not subject to opaque exchange rules. It’s a straightforward ownership structure designed to make second-home ownership more attainable and more usable. Myth #3: “You’re stuck with fixed weeks every year.” Pacaso is built for real life — plans change, calendars shift, and flexibility matters. Owners use our proprietary Myth #4: “Home management sounds difficult with multiple owners.” You show up to a well-kept, ready-to-enjoy home. When you leave, you’re not stuck coordinating vendors, troubleshooting issues, or worrying about whether the place is being cared for properly. Myth #5: “Co-ownership can be messy. What happens when someone wants out?” So, is Pacaso worth it? How Pacaso simplifies co-ownership Pacaso owners get the second-home lifestyle without the traditional second-home hassle. Instead of “booking weeks” or rolling the dice on vacation rentals, they build real ownership in a luxury home, alongside a small group of co-owners and a scheduling system designed for flexibility. Unlike If you want a place that feels like yours (because it is), with the freedom to use it throughout the year and the confidence that everything is taken care of, co-ownership through Pacaso is the easiest path. If you’re ready to take the smarter path to second-home ownership,

Ownership interest is the legal stake you hold in a property. It defines what you own, how you use the home and your rights to its value. For Below, we explain what ownership interest means, the rights and responsibilities it includes and how Pacaso structures co-ownership to make owning a luxury second home simple. What does ownership interest mean?  Ownership interest denotes the legal rights an individual or entity possesses in a property, whether it's real estate, a business or other asset.  This interest represents the stake a person has in the property, including their percentage ownership interest, which defines how much of the property they legally own. In practice, ownership interest determines how co-owners divide ownership, make decisions, and share responsibilities, as well as the rights and benefits each owner receives. Ownership interest is different from security interest, which is what your mortgage lender holds. Security interest means that a party can obtain ownership interest (or take ownership) of the property only if you fail to live up to your obligations as outlined in your mortgage contract. Unlike security interest, the ownership interest is the highest possible form of interest. What rights come with ownership interest?  No matter what Keep in mind that the type of ownership interest you hold may limit the scope of these rights. For example, if you own property through Types of ownership interest in property Ownership interest structures typically depend on the number of owners involved and the way rights are shared. What kind of ownership interest does Pacaso offer? Pacaso offers ownership in a second home through a property-specific LLC with a maximum of eight owners. You may own anywhere from ⅛ to ½ shared interest in a Pacaso home.  Your Pacaso ownership interest gives you the right to use your second home based on the amount you own. The Because your Pacaso rolls your utilities, property taxes, insurance, applicable HOA dues, and maintenance fees into your monthly operating expenses, simplifying your responsibilities as a second homeowner.  Explore your second home options with Pacaso Ready to explore second-home ownership with less hassle? Pacaso can guide you through how ownership interest works and help you find a home that fits your lifestyle.

A multi-member LLC, also known as an 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. Companies and organizations that want to add structure to their business and protect the personal assets of their owners use them. Commonly abbreviated as 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. That co-ownership model is especially common in real estate, including second homes and vacation properties, where multiple people want to co-own a home without assuming personal liability, similar to the opportunities 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. How a multi-member LLC works Multi-member LLCs operate similarly to single-member LLCs, but with two or more owners, known as members. Each member owns a percentage of the business, which determines their share of profits and losses. Like single-member LLCs, MMLLCs grant limited personal liability to their members. This means members' assets are generally protected if the business faces debt or legal action.  Day-to-day operations depend on the MMLLC’s structure, as outlined in the operating agreement. In a member-managed LLC, all members participate in managing the business. In a manager-managed LLC, the members appoint one or more managers to handle operations. These LLCs are commonly used by small businesses, family-owned companies and real estate co-ownership arrangements where multiple individuals want to share ownership without personal liability exposure. How multi-member LLCs are taxed Multi-member LLCs and single-member LLCs are taxed differently in practice, even though they both use pass-through taxation. With pass-through taxation, the business itself doesn’t pay federal income taxes; instead, profits and losses are reported on the owners’ personal tax returns rather than being taxed at the corporate level.  For multi-member LLCs, this means the IRS treats the business as a partnership by default, requiring the LLC to calculate each member’s share of income and report it using an The purpose of the Schedule K-1 is to report each partner's share of the partnership's earnings, losses, deductions and credits. In some cases, a multi-member LLC can choose to be taxed as an S corporation by filing the appropriate IRS election. That could change how income and self-employment taxes get handled, but the underlying LLC structure stays the same. Multi-member LLC vs single-member LLC The biggest differences between a single-member LLC and a multi-member LLC come down to ownership, taxes and decision-making. This quick comparison highlights what matters most when choosing between the two. Benefits of 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. Below are some benefits of a multi-member LLC. Drawbacks of a multi-member LLC Multi-member LLCs offer flexibility and protection, but they also require more coordination and planning than single-owner structures. Shared decision-making, complex tax filings and the need for a strong operating agreement are trade-offs to consider before choosing this setup. What types of businesses use multi-member LLCs Because of their relatively easy setup and personal liability protection, multi-member LLCs are a good fit for many businesses that need shared ownership with a defined structure. They allow owners to divide responsibilities, pool resources and set custom rules for profits and decision making.  That also includes friends going into business together, colleagues forming a new offshoot business or a group of investors buying property together, such as a vacation home, boat or rental property.  Multi-member LLC examples Here are a few examples of scenarios in which a multi-member LLC might make sense.  How Pacaso makes owning a home with multiple owners easy Pacaso utilizes a multi-member LLC structure, which is already popular for co-ownership, as it offers personal asset protection and a pass-through tax setup. We handle the legal setup, management and ongoing operations for you, so co-owners don’t have to navigate the complexity themselves. If you’re considering owning a home with others, exploring how Pacaso’s model works is a simple next step. 

Investing in real estate is often a significant financial commitment, and how you structure ownership can have major implications for liability, taxes, and day-to-day management. A real estate LLC is designed to protect personal assets while giving one or more owners the ability to efficiently manage and operate the property. Whether you are a solo investor or planning to co-own a home with friends, family, or other partners, understanding how a real estate LLC works is essential before making your next move. How does a real estate LLC work? An LLC can be used as a An LLC functions as a separate legal entity. This means it can: For co-owners, the LLC simplifies decision-making, allows for structured voting or responsibilities, and ensures each member’s interests are clearly defined. It can also make adding new members or transferring ownership shares easier, without retitling the property each time. How is a real estate LLC funded? One of the advantages of LLC property ownership is its simplicity and clarity around finances. An LLC pays for real estate purchases using its own funds, which makes it clear who owns what within the entity. With Pacaso, buyers acquire Financing an LLC property is straightforward. Buyers may use: Pacaso also provides flexible financing options for qualified buyers, making it easier to participate in Who owns the property in an LLC? Ownership of the property is tied directly to the membership interests in the LLC. Each member’s stake represents a percentage of ownership, rather than owning the property directly. This structure ensures clarity, legal protection, and flexibility for all co-owners, while still allowing them to enjoy the benefits of property ownership. What are the benefits of owning real estate in an LLC? LLC property ownership offers several key advantages for investors: What are the cons of a real estate LLC? LLC property ownership offers many advantages, but there are also potential downsides to consider: How do you start a real estate LLC? Creating a real estate LLC involves several clear steps. While the process may vary slightly by state, the general approach includes: How does Pacaso LLC co-ownership work? When you purchase a share of a Pacaso home, an LLC is created to hold the property, and Pacaso fully manages the LLC on behalf of all co-owners. This means Pacaso handles the legal, financial, and administrative responsibilities so you don’t have to worry about the complexities of managing a property or an LLC yourself. Through this structure, co-owners enjoy the full benefits of property ownership: By leveraging LLCs, Pacaso makes it easier for multiple buyers to confidently invest in high-end homes, ensuring that ownership is legally secure, professionally managed, and designed to protect all participants. Fractional ownership through a Pacaso LLC allows more people to access and enjoy luxury real estate without the traditional burdens of sole ownership. And should your needs change and you decide to move on, Pacaso streamlines the process of Explore Pacaso’s

You’ve decided it’s time for a second home — a private retreat where you can escape, recharge, and make memories with loved ones. But traditional ownership can be overwhelming, with high costs, maintenance, and scheduling challenges. Short-term rentals are often impersonal, and timeshares can feel restrictive. So, how does Pacaso work? Pacaso reimagines second-home ownership through fully managed What is Pacaso? Pacaso, Each Pacaso home is held in a How does Pacaso work? Owning a second home can be expensive and stressful, with unpredictable maintenance and scheduling conflicts. Pacaso simplifies the process by combining true property ownership with Here’s how Pacaso co-ownership works at a glance: What makes Pacaso homes special? Pacaso homes are intentionally designed to feel like true retreats — not just places to stay, but places you genuinely look forward to returning to. Every detail is thoughtfully curated to deliver a consistent, high-end ownership experience across locations. Together, these elements create a second-home experience that is polished, predictable, and easy, so owners can focus on enjoying their time rather than managing the property. How do Pacaso alternatives compare? Many buyers unfamiliar with the Pacaso business model ask the same question: is Pacaso a timeshare? The short answer is no. But to fully understand how the Pacaso business model works, it helps to compare it to the most common second-home options available today. By combining true property ownership with professional management, flexible access, and financial transparency, Pacaso homes offer a modern, stress-free alternative to traditional second-home models — without the limitations of rentals or timeshares. Why is Pacaso the smart way to buy a second home? If you’re wondering, “how does Pacaso work for second home buyers?” The answer lies in its modern approach to luxury second-home ownership — one that blends the rewards of owning a vacation home with professional management, flexibility, and peace of mind. Rather than purchasing a second home on your own, Pacaso allows buyers to co-own a luxury property, sharing costs and responsibilities while still enjoying true, deeded ownership. Being a Pacaso owner is about more than just time in a house — it’s about enjoying a vacation home without the work. Owners benefit from: Owning a Pacaso share isn’t just about a property — it’s about creating a personal getaway filled with memories, comfort, and freedom.

Here’s everything you need to know about how to sell your Pacaso, what to expect along the way, and how the process compares to a traditional real estate sale. What is a Pacaso resale? A Pacaso resale occurs when an existing owner sells their ownership interest in a Pacaso home to a new buyer. While this differs from purchasing a new Pacaso share at initial launch, the ownership structure remains the same. All Because of this model, selling a Pacaso share is simpler than selling a traditional home. There’s no need for staging, showings, or home prep, no due diligence period, and no title or escrow process. Ownership is reassigned through the LLC, allowing for faster, more streamlined closings. Resales are a built-in feature of Pacaso’s How does the Pacaso resale process work? What does Pacaso’s role in the resale look like? Pacaso facilitates the resale process by helping source buyers, coordinating marketing efforts, and managing the administrative and legal steps required to complete the transaction. This support significantly reduces the friction typically associated with selling real estate. How long does a Pacaso resale take? Pacaso homes typically close much faster than traditional home sales.  Factors such as buyer financing and market demand may influence the exact timeline. How has Pacaso resale performed? According to RCLCO’s findings, from 2021 through 2024, shares of Pacaso homes achieved an average Compound Annual Growth Rate (CAGR) of 9.7%—4.7% higher than traditional luxury homes in the same markets. In several luxury destinations, from California to the Carolinas, Pacaso resales have consistently outperformed regional averages. From 2021 through 2024, Pacaso share appreciation exceeded market benchmarks in each destination, with Pacaso resales averaging a 10% overall gain. What are the fees and costs associated with a Pacaso resale? Compared to traditional real estate, resale-related costs are streamlined. Overall, the Pacaso resale process eliminates many of the unpredictable expenses associated with selling a traditional home. What are tax considerations for Pacaso resales? Selling a Pacaso share may result in capital gains, depending on your individual situation. Because Pacaso resales involve the transfer of an LLC membership interest rather than a traditional deeded sale, tax treatment may differ from a standard home sale. This information is provided for general guidance only. Owners should consult a qualified tax professional to understand how a Pacaso resale may impact their personal tax situation. What are other options for Pacaso owners? If your needs change, selling your entire share isn’t your only option. Owners who find they’re using less time than anticipated can right-size their ownership by selling a portion of their interest. A selldown follows the same process as a resale, allowing you to retain partial ownership while freeing up capital and flexibility. Is Pacaso a good investment? On average, Pacaso homes have appreciated in value, often outperforming traditional luxury homes in their markets. With a built-in resale marketplace and streamlined ownership transfer through the LLC, selling a Pacaso share is faster and simpler than a traditional second home, providing liquidity and flexibility. Beyond potential financial gains, owners enjoy a So, is Pacaso a good investment? Absolutely, for buyers who value both lifestyle and potential financial return.  A flexible, transparent way to sell Pacaso gives owners an exceptional level of flexibility, control, and peace of mind when it comes time to sell. With a built-in marketplace, professional marketing support, and a simplified transaction process, reselling Pacaso shares is designed to be as effortless as ownership itself.

Unlike How does a tenancy in common agreement work? A TIC agreement is a form of Buyers can become co-owners within a tenancy in common through: It’s important to note that no one person or company is in charge of a TIC. This means that, for example, while one owner might have a 50% interest share in the property, they have the same usage rights as a tenant with 10% ownership.  What are the different types of tenancy? To fully understand TIC, it helps to see it in context with other types of tenancy: The type of tenancy that works best depends on your personal situation, legal status, financial goals, and desired balance of shared control versus individual protection (like whether you're looking to buy as an individual or as a What is an example of tenancy in common? Now that you understand the basics of how TIC operates, let’s see how this ownership model plays out in a real-world tenancy in common example. In this scenario, three families enter into a tenancy in common agreement: The story above illustrates how each co-owner can have a different amount of ownership shares and how the ownership interest can transfer to family members later. Can you finance a tenancy in common? Although a tenancy in common is a form of fractional ownership, you still have access to traditional funding opportunities like loans.  When it comes to tenancy in common financing, you have two options: Simply put, the main attraction of financing as a group is that co-owners can pool their capital and afford bigger investments — either by taking out a joint loan or individual loans. How are property taxes handled in a tenancy in common? In general, a tax jurisdiction may require property taxes to be paid as a unit. This may be because If your TIC receives a single tax bill, your tenancy in common agreement will determine how the property taxes are paid. A common tax strategy within TIC agreements is for each member to pay property taxes equal to the percentage of their ownership. The TIC agreement should also present how the funds are collected and taxes paid. What are the pros and cons of tenancy in common in real estate? As an arrangement that enables multiple individuals to share ownership of a single property, TIC brings a set of distinct advantages and challenges that prospective homeowners must consider. Understanding these key factors is essential in making informed decisions and forging successful co-ownership partnerships. Below is a side-by-side of the pros and cons of tenancy in common. Advantages of tenancy in common Here are the core advantages of opting for a tenancy in common agreement: Disadvantages of tenancy in common Although a TIC agreement can be an easily customizable and flexible ownership arrangement, it also has its drawbacks, such as: How do you move on from a TIC? Can I dissolve a tenancy in common agreement? Dissolving a tenancy in common is relatively straightforward and easy to accomplish, assuming all co-owners wish to end the agreement.  To dissolve a tenancy in common agreement, each member must sell their shares of the property. This can only happen if all the owners agree to sell their ownership rights and split proceeds according to ownership interest percentages.  Additionally, seeking legal advice, drafting a formal dissolution agreement and adhering to the legal procedures required in your jurisdiction are crucial steps in the dissolution process.  Can I sell or transfer a TIC interest? One major advantage of TIC is the ability to sell your share independently of other owners. Agreements typically outline steps for resale, including offering shares to existing co-owners first, and compliance with local laws. This flexibility makes TIC appealing for those who may want to exit or adjust their investment. Can I pass down a TIC to an heir? Because TIC does not include right of survivorship, owners can pass their share to heirs through a will or estate plan. Proper planning helps avoid disputes and ensures heirs understand their rights. How is Pacaso co-ownership different from tenancy in common? Enjoy second-home ownership without the hassle Tenancy in common illustrates the appeal of co-ownership: shared access to a property, flexibility in usage, and the ability to manage your ownership independently. But it also comes with responsibilities—coordinating with other owners, managing maintenance, and navigating financial obligations. If you love the idea of shared ownership but want to skip the day-to-day management,

Short-term rentals have become a staple of modern travel, offering the comforts of home with the convenience of a hotel. Not only do they provide a flexible option for travelers, but also a potential source of income for homeowners. But turning a mountain cabin or beach house into a rental comes with its own considerations and trade-offs. Here’s what potential owners should know. Understanding short-term rentals You’ve likely come across vacation home listings on Over the last decade, short-term rentals have grown immensely in popularity. Brands like Homeowners are drawn to short-term rentals for their income potential, flexibility, marketing automation, and tax benefits. Unlike long-term rentals, these properties can also serve as personal retreats. Seasonal demand may affect availability, and during peak periods, owners might need to adjust personal use. Additionally, keeping a property guest-ready requires attention to cleaning, coordination, and maintenance. How do short-term rentals work? Many people who Short-term rentals typically accommodate stays ranging from a few nights to several weeks, and in some cases, up to a month. Properties rented for longer than six months are usually considered long-term rentals, while anything shorter generally falls under the short-term category. Local regulations ultimately define what qualifies as a short-term rental in each area. When comparing a vacation home vs. short-term rental, the distinction is clear: a vacation home is primarily for personal enjoyment, while a short-term rental is managed as an income-generating investment. Understanding this difference helps potential owners make informed decisions about property use, financial planning, and regulatory compliance. What is considered a short-term rental in each state? Local restrictions are a critical factor for anyone considering What qualifies as a short-term rental by state? 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. What are the different types of short-term rentals? Short-term rentals generally fall into three main categories: entire homes, accessory dwelling units (ADUs) and individual rooms. The type of property you list can influence how you operate your vacation rental business, including tax obligations and zoning requirements, so accurate categorization is essential. Entire homes Airbnb and Accessory dwellings Also called in-law suites, ADUs are often detached studios on the same property as the primary residence. They typically include an en-suite bathroom, comfortable furnishings, and sometimes a private entrance — perfect for guests looking for a cozy, independent space. Individual rooms Some jurisdictions allow homeowners to rent out a room in their primary residence as a short-term rental. The room can accommodate one or more guests and sometimes offer access to shared spaces like a kitchen or yard. Like ADUs, some private rooms can include separate entrances for added privacy. Short-term rental vs. long-term rental: what’s the difference? 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, What should I consider before investing in short-term rentals? Investing in a short-term rental can be a lucrative opportunity, but it comes with responsibilities that go beyond simply owning a second home. There are several factors to consider before investing in a short-term rental. To operate a short-term rental, owners need to: While short-term rentals can generate income, they also demand time, effort, and organization. If your priority is relaxation rather than running a business, Should I buy, co-own, or rent a vacation home? Short-term rental: Buying a whole second home: Co-owning a vacation home: Which option works best depends on… How does Pacaso compare with luxury short-term rentals? Instead of renting a vacation home night by night, Pacaso offers co‑ownership — a way to enjoy a luxury second home while also building equity. Why Pacaso stands out Compared with other vacation home options, Short-term rentals provide flexibility and variety, but they come with unpredictability: changing hosts, inconsistent quality, and no long-term return. Pacaso combines privacy, stability, and a true “home away from home” experience, letting you enjoy the perks of luxury second-home ownership without the full-time operational responsibilities. Co-owning a luxury second home has never been easier. Unlike vacation rentals,