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Intriguing idea. What does "property management" entail? Does Ancana take on the costs of major property failures, like a pipe bursting?
by lordleft 5y ago
Intriguing idea. What does "property management" entail? Does Ancana take on the costs of major property failures, like a pipe bursting?
- rblack44 5y agoProperty management = upkeep of the property, cleaning the home after each visit, handling of any issues that arise with the home or between owners. Each property has a reserve fund that all co-owners pay into (somewhat similar to an HOA). For small improvements and repairs, we'll take care of the work and pay for it out of the reserve fund. For larger home improvements, co-owners can put the issue up for a vote and if necessary will contribute their pro rata share of the costs.