3 ms·
I wonder if there is a way to game your system. For example instead of buying a 1/4 fraction, someone could set up two LLCs each owning two 1/8 shares. With the
by mrb 5y ago
I wonder if there is a way to game your system. For example instead of buying a 1/4 fraction, someone could set up two LLCs each owning two 1/8 shares. With the way you rotate the priority order from year to year, the person would get "first choice" two times within one cycle. Getting first choice two times for 1/8 each is superior to first choice one time for 1/4. For example the weeks around very popular vacation dates (Christmas) would get picked out twice each cycle by the same person.
That aside, I wonder if this model would open up some interesting rental opportunities: instead of occupying the property, co-owners could rent out their blocks of time, and get a return on their investment in the fully-managed property.
Unrelated: you say: «Ancana owners own a real asset (the property) versus a block of time» But I wouldn't emphasize this too much. After all, on the surface co-owners get the same utility as a time share: they have to reserve their "block of time".
- smabie 5y agoNice arb!
- rblack44 5y agoLove the creativity! Fortunately (or maybe unfortunately from your perspective), Ancana creates the LLC for each home so people can't game the system. We do allow people to buy more than 1 share of any home, so that would get you access to additional dates. In terms of rentals, we 100% agree. Some of our rentals are in communities that have their own short-term rental rules. But in other properties we let the co-owners decide if they'd like to allow rental of the property when it's not in use. In this case the rental income could defray the monthly costs or go straight to the owners. There is a sublte but important difference between how you can book time in an Ancana home vs. a timeshare. With Ancana you have the flexibility to book stays throughout the year, anywhere from 2 days to 1 year in advance. With timeshares you are typically locked into a block of time and oftentimes the same dates year after year. But this is great feedback on how we can further differentiate ourselves, thanks!