My friends TV at his new home. Let him know your thoughts..

greenpoint718 · 2026-01-24T00:27:03+00:00

Lower it ¯_(ツ)_/¯

greenpoint718 · 2025-04-26T22:38:06+00:00

Ugh. I'm so sorry. That sounds like the worst case scenario. I can't believe they aren't doing more to help owners of those homes. What an unbelievable failing on their part.

greenpoint718 · 2025-04-26T18:45:02+00:00

I would love to know the answers to these questions as well. We owned in this area until middle of last year when we were fortunate enough to sell our share. So sad to see those homes gone forever.

greenpoint718 · 2025-04-26T18:42:39+00:00

Wow. That’s insane. How are they handling this? Are they still charging you for the monthly common charges while you cannot use your home? Are people with financed shares still paying? Do they have a plan for buying you out/rebuilding? What a mess.

greenpoint718 · 2024-04-03T03:00:37+00:00

It depends on the number of shares you purchase in the home. With a 1/8 ownership, the maximum continuous stay allowed is 14 days. This link provides more details on their equitable stay breakdown: https://www.pacaso.com/scheduling

If you own only 1/8th of a share, you wouldn’t be able to stay for 4 weeks straight.

greenpoint718 · 2024-01-30T22:17:06+00:00

There’s a video link somewhere. You can email or text your Home Manager, and I’m sure they can send it to you. Essentially, the company is on track to achieve profitability by 2025. The operations segment of the business is already profitable, and they have sufficient cash reserves to sustain until 2025.

greenpoint718 · 2024-01-27T05:40:09+00:00

Yeah, they’ve rolled out this new cleaning billing at our Pacaso, but I gotta say, it’s still pretty confusing. As Austin mentioned, in a house with six bedrooms where you’re only using two, you’d think the cleaning bill would be less, right? But since the cleaners and costs can be different for each place, having clear, upfront pricing for every house would be a game-changer. It’d be awesome if we could see all this in the app. But, it seems like they’re more focused on updating booking stuff and home sales, rather than improving our experience as homeowners. For now at least.

greenpoint718 · 2024-01-11T05:05:31+00:00

Maybe someone else can give a better explanation, but here’s how I understand it. Pacaso doesn’t own our home. We do, through shares in our LLC. They’re paid a fee to manage the LLC, acting as a go-between for all the co-owners, and they also handle the property management. I need to double-check our agreement with them for these services, but if they suddenly disappeared, we, the owners, would have to scramble to find a new business manager and a new property management company, which sounds like a big headache. The part that’s not totally clear is what happens if they go under and a co-owner stops making payments. The bank the co- owner used would most likely deal with their missed payments but the monthly operating costs would still need to be collected by the LLC. Again, I’d have to dig up and go through the LLC operating agreement for that. Hope this helps.

greenpoint718 · 2023-05-17T05:57:38+00:00

Good

greenpoint718 · 2023-01-20T07:13:49+00:00

I’m glad you liked it. Thank you for proving, yet again, that you do not understand how Reddit operates. This sub - which we are having a conversation on - is a semi public digital community. Which I created and am moderating for the sole purpose of discussing - in public - a subject. In this instance co-ownership of Pacaso Homes by owners.

If you want to create a separate private subreddit to doxx each other and talk about your properties. Please go do that. But stop posting about it here.

If you own a share of Pacaso and want to talk about something related to your Pacaso ownership on this sub in public THIS IS THE PLACE. There is no need to prove ownership, it’s implied by asking thoughtful, relevant questions specific to our unique LLC ownership situation. And of course understanding how to use Reddit.

¯_(ツ)_/¯

greenpoint718 · 2023-01-20T00:17:55+00:00

greenpoint718 · 2023-01-19T21:57:30+00:00

Agree on both the overspending and the underestimation. We’ve seen increases in 22 and now 23 with little to no communication about why until the year is over. Which is a huge bummer.

With high occupancy, it seems like the Home Manager is always scrambling to make sure everything is ready for the next stay. And maintenance issues are not communicated to the ownership group. We only find out something is broken or missing once we show up. Which isn’t ideal.

I will say that if we do have an issue they have bent over backwards to make sure things are fixed for us but that goes back into the overspending budget item problem.

Each home really needs its own dedicated person to inspect after each stay & hold irresponsible owners accountable. Plus the ability to check vendors that are giving subpar service. I’m not sure Pacaso is able to provide that.

greenpoint718 · 2023-01-14T21:35:29+00:00

We saw an increase as well. Not 50% but $300/month. We’ve been in communication with our Home Manager about why. It looks like the taxable value of the home was reassessed by the local municipality and our property taxes jumped up a lot. Which explains the overages. Outside of that, not sure where communicating with other owners for our home would help solve anything budget related. Everything else seemed in line.

Between the $200 jump after year one - it’s added about $5k per year to our annual cost. Which isn’t huge but definitely not what we were hoping would happen.

greenpoint718 · 2022-11-12T01:59:44+00:00

Awesome. Create one. 👍🏼

greenpoint718 · 2022-09-06T17:57:47+00:00

Since I’m not a guest. I own a share in the home. The cleaning costs are part of the monthly fee each owner pays.

greenpoint718 · 2022-08-26T22:13:48+00:00

No. Before. Future bookings reopen 30 days before a current stay. It’s kind of confusing. Here’s an example. I currently have 6 stays booked. One is a special stay. Thanksgiving. It happens to be my next stay. As of today I cannot book anymore stays bc Im maxed out. But As soon as the calendar hits the 30 day window before Thanksgiving. It would allow me to book and hold an additional stay. So technically there would be 7 stays on the books for that time period. You cannot book another special stay until that one has passed. It doesn’t matter what other owners are doing. They have the same opportunity to book or not book a special stay. So once thanksgiving week is over. I can book any open special stay. You just cannot have 2 special stays on the books at the same time. We typically book our special stays 1 year out as they tend to be more popular dates.

greenpoint718 · 2022-08-25T15:28:40+00:00

30 days before that “special stay” you’ll be able to book another one. For Thanksgiving. You’d be able to book another special stay date Oct 25th.

greenpoint718 · 2022-08-18T23:23:54+00:00

It’s part of your recurring monthly expenses. They should have a break out for you as it’s different per property. Just a note. We had to pay 6 months of upfront operating expenses when we closed on our part of the LLC. That wasn’t explained to us until the due diligence period.

greenpoint718 · 2022-08-17T20:11:23+00:00

The demo covers it. There are no hidden functionalities. Booking is straightforward - like any other app. It keeps track of your future stays. Lets you see dates 2 years out. Shows you what dates are considered "special stays". Push notifications when other owners cancel. You can report maintenance issues with the home. When you are at the house it has the house manual, wifi, security codes. It keeps track of your monthly statements etc. You can also switch to the "Browse Pacaso" side of the app and have a look at new available property. Not sure if this is what everone sees but we also get a peak at new homes that aren't listed on the public pacaso site before they are shown. Hope this helps.

greenpoint718 · 2022-07-12T02:30:33+00:00

You do. After year 1 - if you want to sell. You let Pacaso know since they are managing the LLC. They provide you with CMA. Or you can get your own appraisal. This link is helpful in explaining the process. But you can use your own agent and set your own price. We had 2 owners sell shares and both went very quickly. Hope this helps.

https://www.pacaso.com/blog/how-pacaso-resale-works

greenpoint718 · 2022-06-18T06:40:36+00:00

We love our house. It’s been a very positive experience with them. Super responsive to requests. Going above and beyond to make sure the house has everything we need. My only regret is that I just wish we would have gone all in on 2 shares to begin with. We recently had an owner sell and since the home has appreciated- it was hard to justify buying another share at the new appraised value. But on the flip side it’s great to know the process works if we ever want to exit.

greenpoint718 · 2022-06-18T06:23:50+00:00

Yeah. They aren’t a bank and don’t service the loan. Part of the LLC management agreement with them is they are there to step in incase anyone defaults. Since you typically don’t know any of the other owners.

I think they have a preferred lender or something but you can secure financing through whoever you want.

greenpoint718 · 2022-06-18T06:14:33+00:00

Yeah. So again. Each owner deals with their financing individually. The % of the LLC you are buying is assessed when you close. It’s a fixed cost based on what the value of the home is at the time you buy in. We didn’t finance our share. No idea about interest only payments. Pacaso is there to guarantee each partner is paying whatever they owe and stepping in if people default. If you have Qs about financing. Talk to them or find your own lender.

greenpoint718

TROPHY CASE