rblack44

9 ms·

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by rblack44 5y ago
One of our biggest challenges we face is in communicating how we are different from a timeshare. We focus on the 2 main differentiators we hear most from our customers: 1. ownership in actual real estate, and 2. the flexibility to schedule
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by rblack44 5y ago
We believe the market for fractional ownership will soon be much larger than the timeshare market. People want to own a real asset and with the trend towards remote work, demand for homes in desirable places is only going to increase. Our d
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by rblack44 5y ago
My bad, I think I misinterpreted your question! Each home has a reserve fund that is paid into by all co-owners. For standard fixes/improvements, Ancana will handle the work and pay for it out of the reserve fund. If a co-owner stops p
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by rblack44 5y ago
Thank you for the feedback! We are in the process of launching a new site in the next week or 2 and will make sure this is fixed.
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by rblack44 5y ago
One way to look at this is unlike a timeshare, Ancana has no ownership interest in the property. Resorts own the property and sell you access to that property. At the point all of the shares are sold, we become property managers. You don&#x
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by rblack44 5y ago
Property 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).
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by rblack44 5y ago
We're fans of what Pacaso is doing. If nothing else they are proving out the market for this type of ownership model. Congrats on the home, I grew up an hour from Tahoe and have always dreamed of buying a home up there!
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by rblack44 5y ago
Definitely. We've seen a lot of interest from people looking at these homes as remote offices. We're optimistic this trend will continue as people take advantage of no longer being tied down to a certain geography
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by rblack44 5y ago
As a co-owner, you get access to the property based on your ownership %. So if you own 1/4 of the property, you can use it for 1/4 of the year. This ownership model provides flexibility to book stays throughout the year vs. being
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by rblack44 5y ago
My parents have been timeshare owners for years so I'm very familiar with the sales tactics resorts use. Regardless of how they spin it, all you really own is a block of time. With Ancana your purchase is a deeded right to the property
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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 responsi
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by rblack44 5y ago
I understand the confusion, but we are definitely not a timeshare. With Ancana you own real property, not a block of time. You have the flexibility to book stays throughout the year vs. annual bookings with timeshares. And if you ever want
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by rblack44 5y ago
Very similar model. We are currently operating in different markets (US vs. Mexico) and are targeting different properties (Pacaso is going after ultra luxury homes). We also have slightly different approaches to splitting up the properties
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by rblack44 5y ago
Thanks for taking a peek! As two non-technical founders, we ran into some limitations using Wix. Fortunately, we have a new site launching in a week or so that we are pretty excited about that fixes the bugginess of the current site. Stay t
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Launch HN: Ancana (YC S21) – Fractional ownership of vacation homes
83 points by rblack44 5y ago|153 comments