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So, no presumption against the founders here, but what happens if Ancana folds in a few years? Each property’s trust still exists and everyone still owns their
by ytdytvhxgydvhh 5y ago
So, no presumption against the founders here, but what happens if Ancana folds in a few years? Each property’s trust still exists and everyone still owns their shares but they need to find a new manager for the trust? I have pretty much no knowledge of that industry - are there other companies ready to take over management of the property and allocation of dates in a situation like that?
- dewski 5y agoThat’s exactly how it works with Pacaso. I presume it’s the same for Ancana.
- rblack44 5y agoYes, the trust remains in place and the legal rights of all the owners are unaffected. The co-owners can simply find another property management company. Even in the event Ancana is still in business but the co-owners are unhappy with our service for whatever reason, they can vote to drop Ancana and hire another company of their choosing