Operating and Managing Fractional Ownership Groups
Sharing A Vacation Home Ownership Stress-Free
Whether you are a professional property manager or vacation rental agency thinking of offering property management services to fractional ownership groups or associations, or an individual planning to operate your own fractional property, you will need to follow some basic principals to ensure that the fractional arrangements you manage will run smoothly and without dispute. The article on this page will help you understand what tax and governmental filings you need to make, how to open bank accounts, what records to keep, how to call and run meetings, how to create a budget and collect dues, how to keep repair replacement reserves, and how to organize and control decision-making.
Step-by-step operating instructions for a fractional ownership association or any group that co-owns and shares vacation or resort property