Pacaso

Pacaso (pronounced like “Picasso”) uses software and data to make it easier for more people to own a vacation home by splitting ownership into several different pieces as part of an LLC — anywhere from two to eight owners. Pacaso will sometimes buy a home and then find owners; it also buys homes after enough people show interest in a given property. It then serves as the owner representative on behalf of the group, handling various logistics such as maintenance, financing, legal, and more. Its software platform helps owners with scheduling and booking. The company makes money by charging owners a 12% service fee at the time of purchase, plus a $99/month management fee. The idea is to make it possible for more people to own a vacation home — at least part of one — and reduce the hassles that can come with co-ownership.