Upsides
T/F: Uncle Eddie can store his mobile home on site for good 'ol fashion family fun
False!
We need an emergency repair... does Pacaso reimburse?
Yes - though we encourage owners to utilize all Pacaso offered programs first
When does your 44 days/year anniversary start?
From 1st stay
Will the 8th share be sold for the same price as my share?
We leave all share prices the same as the original purchaser!
What are Peak Seasons and why do we have them?
Highest demand times of year - to ensure fair and equitable scheduling
What happens if one owner underutilizes and another owner over-utilizes?
The underutilizing owner will share the stay night revenue in the form of a OPEX credit
What if something is broken when I get to the house?
Call Pacaso! Anything beyond regular wear and tear is charged to the owner who was using the home at the time.
DOUBLE JEOPARDY!
What does the "Owner Representative" do?
Why do we take out a mortgage on the home?
A mortgage allows Pacaso to offer financing to buyers!
When will Peak Seasons be available to book?
24 months ahead.
What is the Pacaso Transfer Program?
Judges Panel
Can all owners sell immediately if there is a total market crash?
No! We have caps to prevent mass liquidation (single home cap and aggregate $20M cap)
Who manages the utilities, cleaning, repairs?
We pay the utilities, and have property managers who manage coordinating the cleaning & repairs
What is a right of first offer and how might it be exercised?
We give owners a 5-day ROFO, where the existing owners may purchase a seller's share(s) prior to listing the share(s) on the open market.
"If April Fools Day (a special date) is next week, but I have Halloween (a special date) already booked" can I book a stay for April Fools Day?
Yes!
If I want to move to Jackson Hole, WY for the Resident tax benefits, is Pacaso for me?
In states like WY the owner needs to live in the home for 6 months + 1 day to receive the benefits
3 of 8 owners default... what are Pacaso's options?
Judges Panel!
# of votes needed for Important Matters? # for Major Matters?
6 & 7!
What securities laws apply to an owner's Membership Interest?
None of the securities laws apply, just like purchasing a primary residence!
What is the Sun & Ski Guarantee (tm)?
Guaranteed peak season stays: every owner can book 1 stay before any other owners book 2+
How does resale work?
Judges!
What happens if Pacaso ceases to exist?
The owners can elect a new manager, self-manage, sell the home, or sell their share(s)!
What kind of entity does Pacaso create for each property
We use a multi-member, manager managed LLC.
Is Pacaso a tenancy in common?
No. We operate through structured LLCs. The LLC owns the deed to the home (protection, privacy, flexibility)
How can I stay longer during a peak season?
You can have longer stays that cross into peak & non-peak months.