Costs & Fees
Costs & Fees
What are the ongoing costs?
Home costs (maintenance, utilities, insurance) are split equally among 8 owners " true pass-through, no markups. Plus $300/month for management and reserve fund.
What are the ongoing costs?
Home costs (maintenance, utilities, insurance) are split equally among 8 owners " true pass-through, no markups. Plus $300/month for management and reserve fund.
What does the $300/month cover?
Property management ($150/mo) covers cleaning, maintenance, and on-site staff. Program management by OCHO ($100/mo) covers LLC admin, accounting, concierge, app, and contracts. The reserve fund ($50/mo) covers repairs, linen replacement, and kitchenware.
What does the $300/month cover?
Property management ($150/mo) covers cleaning, maintenance, and on-site staff. Program management by OCHO ($100/mo) covers LLC admin, accounting, concierge, app, and contracts. The reserve fund ($50/mo) covers repairs, linen replacement, and kitchenware.
What does the reserve fund cover?
Basic repairs, linens, kitchenware. Also receives 3% of every share sale. Approximately every 10 years, reserve funds are used to update the home " keeping it modern with the goal of protecting long-term value.
What does the reserve fund cover?
Basic repairs, linens, kitchenware. Also receives 3% of every share sale. Approximately every 10 years, reserve funds are used to update the home " keeping it modern with the goal of protecting long-term value.
Are there hidden fees?
No. Everything is transparent and split equally. No markups.
Are there hidden fees?
No. Everything is transparent and split equally. No markups.
What if something breaks?
Standard maintenance is covered by dues and reserve. Damage beyond normal wear during your stay is your responsibility.
What if something breaks?
Standard maintenance is covered by dues and reserve. Damage beyond normal wear during your stay is your responsibility.
What are the association dues?
Owners also pay annual association dues covering maintenance, utilities, and insurance " all split equally among 8 owners. True pass-through, no markups. Management fees are on top of these.
What are the association dues?
Owners also pay annual association dues covering maintenance, utilities, and insurance " all split equally among 8 owners. True pass-through, no markups. Management fees are on top of these.