What is a short-term rental? A complete beginner’s guide

If you’re exploring different Since this type of So, what is tenancy in common, and how can it help you purchase a primary or second home? Continue reading to learn about the pros and cons of this ownership model, plus the difference between What is tenancy in common (TIC)? Tenancy in common is a home ownership model that allows multiple individuals to own a single property, each holding a distinct share. Unlike joint tenancy, these shares don't have to be equal, making TIC a flexible option for diverse groups of varying income levels or investments. TIC agreements are usually very detailed, addressing various potential conflicts through comprehensive operating agreements. These documents outline financial obligations, maintenance responsibilities and exit strategies. In 2025, as housing costs rise, TIC is increasingly seen as an attractive path to homeownership since it enables individuals to pool resources. Each owner can independently sell, mortgage or will their portion of the property, offering significant autonomy. How a tenancy in common agreement works A tenancy in common agreement is a form of Here is how home buyers can become co-owners within a tenancy in common: 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.  How to 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 financing a tenancy in common, you have two options: Simply put, the main attraction of Tenancy in common property taxes 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. Pros and cons of tenancy in common 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. Let’s dive into the pros and cons of tenancy in common. Tenancy in common advantages Here are the core advantages of opting for a tenancy in common agreement: Tenancy in common disadvantages Although a TIC agreement can be an easily customizable and flexible ownership arrangement, it also has its drawbacks, such as: Tenancy in common example  Now that you understand the basics of how tenancy in common operates, let’s see how this ownership model plays out in a real-world example.  In this scenario, three families enter into a tenancy in common agreement: The story above illustrates how Tenancy in common vs. joint tenancy  The major difference between Let’s break down both co-ownership types: Comparing the different types of tenancy  To understand property ownership, you have to differentiate between the various types of tenancies — and there's more than just the two we've mentioned already.  Ultimately, the type of tenancy you should choose should be determined by your personal situation, legal status (like whether you're looking to buy as an individual or as a How to 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.  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.  If the co-ownership aspect of a tenancy in common appeals to your real estate goals and you’d like to skip property management altogether, Pacaso offers

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

You’re considering becoming a homeowner but aren't sure you can afford to do it alone. This is where Here is what you need to know about co-ownership, including how it works, its benefits and drawbacks, the differences between co-ownership and whole home ownership and how to get started. What is co-ownership? Co-ownership occurs when two or more parties jointly own an asset such as a home. In this arrangement, all owners are listed on the asset's title, signifying that each holds a specific percentage of ownership. Opting for co-ownership means entering into a legal and financial partnership with the other buyers and an agreement about shared property access. How does co-ownership of a house work? Co-owners of a house share obligations like property taxes and mortgage payments. Each co-owner must agree to decisions like renovations made to the property. Co-owners are also typically Shared ownership homes may work through either a joint tenancy structure or a What is a co-owned home? A co-owned home is a property purchased and owned jointly by two or more people. All owners are included on the title of the home, and all parties hold a portion of ownership in the property. When you buy a shared ownership house with other buyers, you enter into a financial and legal partnership and a new living arrangement. Why is co-ownership on the rise? Co-ownership has traditionally involved a group of friends or family members coming together to buy a second home, or a child inheriting a house from their parents or grandparents. While co-ownership isn’t a new concept, it has become a more viable Types of co-ownership There are different Tenancy in common A tenancy in common (TIC) is for two or more people with an ownership interest. Tenants may have unequal investment stakes. For example, one owner might have an 80% interest with two co-owners at 10% apiece.  Often, this corresponds to the financial investment contributed at the original purchase. Unless explicitly stated otherwise in the deed, TICs do not have rights of survivorship. Property shares pass to an heir if a tenant dies instead of the remaining tenants. Tenancy in common is available for everyone, regardless of their marital status. Joint ownership All tenants are granted their deeds at the same time and, upon death, agree to pass the property on to their co-owners via survivorship rights to avoid probate. Owners must demonstrate the “four unities” to qualify: Community property Married couples may co-own title as community property in nine states: Arizona, Texas, California, Idaho, Louisiana, Nevada, New Mexico, Washington and Wisconsin. These states recognize couples as a single financial entity. A right of survivorship must be specified so that when one spouse dies, the other can automatically take over the title. Unlike JTWROS, there’s no guarantee of automatic survivorship rights. Tenancy by the entirety Married couples can also choose tenancy by the entirety (TBE) as their co-ownership model. TBE is a type of joint tenancy that comes with survivorship rights. This ensures the property avoids a costly probate process and passes immediately into the widowed spouse’s hands. Tenancy by the entirety views couples as one financial entity, so the property is considered to be owned by “one person.” Modern co-ownership Pacaso is an example of modern co-ownership, the new way to co-own luxury vacation homes. Modern co-ownership comes with some key differentiators, such as: Pros and cons of co-owning a home As an alternative to buying a whole second home, co-owning a house offers owners a unique set of benefits for buyers, as well as things to consider: What’s needed to start a co-ownership agreement? Whether you are doing Common elements of a successful co-ownership agreement include: Types of co-owners You can co-own a home with a family member, friend and even a stranger. The people you’re looking to co-purchase a home with could influence the type of co-ownership. For example, friends, partners and strangers might consider a TIC or joint ownership, while married couples might benefit from community property and TBE. Buying a home with other people is a major undertaking, regardless of the co-owner. Not only is DIY co-ownership challenging, but it also presents factors outside of your control. Job changes, financial disruption, health issues and other major life and lifestyle changes could impact each person’s commitment to the second home.  Co-ownership mortgage differences If you decide to purchase a home through co-ownership, you and your co-owners will likely take out one mortgage loan — unless you plan on paying all in cash. Advantages of co-ownership mortgages include: But you’ll also need to consider: If you are co-purchasing a home part of a TIC, you may qualify for a fractional loan that reduces your financial responsibility to only your loan and not your co-owner’s. However, Differences between a co-signer and co-buyer A co-buyer (or co-owner) is different from a co-signer regarding ownership and payment. Co-signers take full responsibility for a loan along with a primary signer, but they do not have any ownership rights to the home. In contrast, a co-buyer has equal or similar rights to other buyers co-owning the home. Another difference is that co-buyers are responsible for payment from the start of the loan. Co-signers, however, only assume responsibility if the primary signer is unable to make their mortgage payments. Selling a home with co-owners If you decide to sell your home, there are scenarios to consider: The first is where all owners want to sell, and the second is when one owner wants to sell their ownership interest but the others do not. If all owners of a co-ownership property decide to sell, the situation is less complicated, as there would be no debate over the right to sell. Outlining these terms in the co-ownership agreement from the beginning is critical. What happens when only one person wants to sell? With certain co-ownership models like tenancy in common or joint ownership, you have the right to sell your interest in the home. While you cannot sell without the permission of the other owners (as you do not hold sole ownership), you can still share your share at any given time once approved. The buyer of your share — which could be another co-owner — would take on the same portion of ownership that you held in the property.  H2: Co-ownership vs. fractional ownership While co-ownership and However, unlike timeshares, co-ownership and fractional ownership models provide deeded ownership, Tips for co-buying a house If you’re thinking co-buying is for you, here are some additional tips to consider: Co-own a home today Co-owning a home empowers people to own property and build equity while lowering the financial and logistical burdens of buying and owning a whole house.

Alternatives to buying a vacation home reimagined Buyers today want more flexibility and less hassle from their second home. That is why many are exploring alternatives to buying a vacation home outright. Co-ownership offers access to premium homes, professional management, and scheduling that matches real usage — while traditional paths like sole ownership and vacation rentals come with trade-offs. Below, we compare these models across top destinations and share real examples to help you decide what fits your lifestyle. What a co-ownership home looks like in top markets In mountain destinations like Vail, co-ownership is gaining momentum as buyers seek turnkey access near the lifts without year-round oversight. In coastal hubs like Miami, city recognition of co-ownership models has created clarity for owners exploring alternatives to buying a vacation home. And in global capitals like Paris, evolving short-term rental rules are prompting second-home buyers to consider ownership structures designed for personal use. Browse our collections in In Vail, interest in fractional and shared ownership has risen alongside demand for premium, slope-accessible homes. Buyers who want consistent access during peak ski weeks are turning to professionally managed co-ownership for predictable stays and high-quality upkeep without personal oversight. After a day on the slopes, visitors often enjoy the vibrant atmosphere of the For easy ski access and a private base in Vail, Miami Beach has formally recognized co-ownership, signaling that shared ownership of single-family homes can be an accepted path for second-home use in the city. At the same time, national second-home demand has cooled, pushing many buyers to rethink traditional models and consider options that align with how often they actually use a home. In Paris, regulators have tightened rules on short stays, and the city continues to scrutinize conversions that remove residences from the traditional housing stock. For second-home buyers who prefer predictable personal use, these shifts highlight the value of ownership structures designed for owner stays rather than short-term rental activity. Why a co-ownership home often fits real usage Most second homes are used for a limited number of weeks each year. A co-ownership home aligns ownership with actual use, supported by equitable scheduling and professional care so the home is guest-ready each stay. Independent research shows co-owned homes see substantially higher owner use than traditional second homes, reflecting an efficient model that matches modern travel patterns. Where sole ownership still fits Whole ownership remains the right choice for some buyers, especially if you plan extended stays, desire full control over design decisions, or want year-round access without sharing. The trade-offs include higher capital commitment, carrying costs during periods of low use, and the need to coordinate vendors and logistics when you are away. Pros and cons by ownership model How to choose your best path Use your expected weeks per year and destination preferences as your guide. If you value predictable access to a top-tier home without year-round oversight, co-ownership is a strong fit among alternatives to buying a vacation home. If you want extended stays with total control, sole ownership may be right. If you enjoy variety and spontaneity, short-term rentals can work when local rules are clear. Start your search for shared luxury living Explore co-ownership options in your favorite markets and see how the model fits your calendar. Tour our collections in

Second home traditions become the heart of family life A second home is more than an address. It is a familiar backdrop for holidays that start to feel effortless, summer weeks that always include the same hike or beach day, and milestone moments everyone can count on. With Pacaso co-ownership, families return to the same beautifully designed home again and again, so the rituals stick and the planning gets easier. Build traditions with a second home in iconic places Anchor family time in world-class destinations and enjoy the same rhythm every visit. Spend spring art walks and café stops in Paris Kiawah Island Los Cabos San Diego Breckenridge London Host holidays and milestones with less effort With Pacaso co-ownership, you enjoy the right amount of time in a designer home, which makes it easier to plan repeat holidays and celebrate life’s big moments. If you plan to buy a vacation home through co-ownership, align on a few meaningful dates and let the setting do the work. The lifestyle benefits families value year after year If you want to buy a vacation home for shared time, consistency matters for your second home. Pacaso homes are move-in ready, professionally furnished and designed for gathering, so the focus stays on time together. Here are simple reasons traditions take root: Anchor your year in a second home that matches your dreams Ready to make tradition part of your calendar every year? From an urban base like

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