5 ms·
This is a great question and we think one of the real advantages of our model. Because each co-owner owns an independent share of the home, they are protected i
by rblack44 5y ago
This is a great question and we think one of the real advantages of our model. Because each co-owner owns an independent share of the home, they are protected if one of the other co-owners defaults on their payments. Ancana assumes responsibility in this case and if necessary we will take over the fraction and find another co-owner to purchase. The terms are laid out in the contract each co-owner signs
- avs733 5y agoI don't believe this answers the question that was asked. They are asking about upkeep not default
- MisterBastahrd 5y agoAnd if that owner of an "independent share" decides after purchasing the share that they don't want to do business with you? What about if they can't make it out to Mexico that year, and they want to AirBnB the property for those weeks?
- joshuaheard 5y agoI think he means maintenance costs. I own several rental properties, and I'm always coughing up large chunks of cash for water heaters, furnaces, AC units, rotting decks, and the like. What if an owner can't pay? Is there some sort of management reserve?