"The co-ownership concept for second homes has been around for decades," said Allison. "But the traditional process is difficult, high risk and onerous. Pacaso is the easy button for co-ownership. We bring together and organize the ownership group; manage the legal process; provide the tech tools so owners can easily and equitably schedule time; and manage the home itself. "Pacaso also makes the process more accessible, allowing buyers to purchase anywhere from one-eighth to half of a second home, depending on their occupancy needs," Allison continued. "It dramatically reduces the hassle. And finally, owners can sell with ease through Pacaso's marketplace and our network of real estate agent partners — without having to build consensus among all owners."

https://www.prnewswire.com/news-releases/pacaso-launches-to-create-new-category-of-second-home-ownership-secures-267-million-in-funding-301143719.html