Plum's Tech-Forward Solution is Helping to Reshape Vacation Home Ownership
Plum’s platform guides users through every step of the co-ownership journey, from forming LLCs and creating operating agreements to managing the day-to-day logistics of shared property ownership.
Plum Coownership is Back with a Bang to Unlock Vacation Ownership
Plum news: CEO Doug Rich joins, enhanced fractional ownership model, and innovative new PlumConnect App. Find your vacation home today!
6 Keys to Writing an MLS Description that Sells Co-Ownership
6 key tips for real estate agents to write an optimal MLS listing for fractional ownership (co-ownership) vacation homes that sells.
Real Estate Match-making: How Four North Carolina Couples Bought a House Together (as strangers)
Plum can help match you to a group of like-minded co-owners and turn perfect strangers into investment partners.
Investing in Fractional Ownership Amidst High Mortgage Rates
Plum can help match you to a group of like-minded co-owners and turn perfect strangers into investment partners.
Everything to Know About Timeshares: Pros, Cons, and How They Work
Love ’em or hate ’em, timeshares are a thing. As Plum CoOwnership is an alternative to timeshares, we get asked a lot of questions about them, so we thought we’d wax philosophic for a moment and share an overview.
The 7 Deadly Sins of Fractional Ownership
Fractional ownership is a great way to own a vacation home without the high cost and hassle of full ownership. However, it’s important to avoid these seven deadly sins and avoid the pitfalls to ensure a successful experience:
The Power of the Reserve Fund for Co-ownership Success
A well funded reserve fund provides peace of mind to co-owners, and enhances smooth group operations by eliminating surprises. Plum facilitates this process for it’s co-owners to make sure that they are as happy in year 7 as they are on day 1.
Maximizing Returns: The Smart Investment Move of Co-Owned Vacation Homes
Vacation homes have always been associated with relaxation, leisure, and escape from the daily grind. However, a new trend is emerging in the real estate market that allows savvy investors to indulge in these pleasures while also reaping the rewards of a profitable investment: co-ownership of vacation homes. Let’s explore the benefits of investing in a vacation home through co-ownership, when using the property solely as an investment opportunity.
Why the Future of the Sharing Economy is Co-Ownership
The sharing economy has been one of the most powerfully disruptive trends of the modern era. Companies like Airbnb, Uber, and Lyft have made it possible for people to rent out their homes, cars, and even their time to others. This has led to a number of benefits, such as reduced waste, increased efficiency, and more affordable access to goods and services.
Fractional Ownership Mortgages for Groups: What You Need to Know
Buying a fractional ownership home with a group of friends or family can be a great way to save money and build equity. However, the mortgage process for a group is a bit different from the process for an individual.
How to Split Rental Income in a Co-Owned Vacation Home
Co-owning a vacation home can be a great way to obtain a second home without the hefty price tag. When a vacation home is also rented to support this investment, it’s important to have a plan in place for how rental income will be distributed with co-buyers.
8 Best Places to Buy an NC Beach House for Co-Ownership
If you’ve ever dreamt of owning a slice of coastal paradise, North Carolina has got you covered, and there’s never been a better time! This magnificent state boasts an abundance of breathtaking beach destinations that cater to various preferences and lifestyles.
Oak Island, NC: The Best Kept Secret for a Perfect Beach House
If you’re considering co-owning a vacation home, look no further than Oak Island. Known as North Carolina’s best kept secret, this beach is sure to be a great spot to come back to. With its breathtaking beaches, golfing options, and fishing opportunities, there’s something for everyone.
Decision-Making in Vacation Home Co-Ownership
Vacation home co-ownership offers an appealing opportunity to share the joys and burdens of owning a second home. However, it is not without its challenges, particularly when it comes to making decisions about the property.
Should a co-owned vacation home be put up for rent for certain weeks?
Deciding whether or not to rent a co-owned vacation home is an important decision for any group of co-owners to make. By renting out your vacation home, you can generate income valuable income. Generating this extra income may seem like an easy decision, but some co-owners may feel differently for a variety of reasons.
How Buying a Second Home Can Be a Valuable Investment
Most people tend to look at buying a second home as a luxury purchase, usually with the purpose of being a vacation getaway. However, second homes can be very valuable beyond vacationing. Buying a second home can potentially be an excellent investment over time.
Co-Ownership Case Studies
We’ve conducted hundreds of hours of research and observed many co-ownership case studies. This allowed us to see what worked with co-ownership, and what didn’t. While keeping co-owners anonymous of course, we wanted to go over some of the good, the bad, and the in-between.
Lessons Learned with Co-Ownership Series
At Plum CoOwnership, we have spent hundreds of hours conducting interviews with dozens of co-owners. After all of this research, we have noticed some key takeaways, and used them to put together a Lessons Learned Series.
Affordable Co-Owned Vacation Homes: Exploring Timeshare and Co-Ownership
Owning a vacation home has always been a cherished dream for many Americans. Whether it’s a beachfront oasis, a mountain retreat, or somewhere in between, the allure of having a second home where cherished memories can be made with loved ones is undeniable. However, the traditional notion of individual ownership has often been out of reach for most due to its high cost. Over time, vacation home ownership has evolved, leading to the emergence of alternative options such as timeshare and co-ownership models.