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Fractional Property Ownership

Posted on July 7th, 2008
by Kristin in Investment Property

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Is fractional property ownership right for you? Fractional means a mathematical portion of a whole. Fractionalized ownership of a luxury item has been commonplace for quite some time. You’ll often hear of people going in together to purchase a boat or an airplane and property is no different.

To make a fractional real estate deal it’s best to involve a property management group that specializes in these types of investments and properties to help you make your purchase and then maintain it. In these situations its not even necessary for the owners to know each other, it is nice to be able to touch base once in a while and explain any issues that occur with the property, but basically everything will be handled by the property management group.

If you and the other owners decide to try and make money on this venture, let the property management group know, and when its not being used by any of the owners, they will find tenants or renters to occupy the space.

In fact, a really good property management group that specializes in fractionalized homes will make the luxury aspect really ring true by loading the home with goodies and welcoming treats before your arrival and then arranging for cleaning afterward.

A fractionalized property isn’t usually a great money maker, even if it’s being used for rental purposes when you and the other owners aren’t around. This sort of property venture is actually for people with disposable income who want to experience a bit of the high life.

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This entry was posted on Monday, July 7th, 2008 at 3:30 am and is filed under Investment Property. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “Fractional Property Ownership”

  1. Kathleen Couch Says:
    July 7th, 2008 at 8:21 am

    Kristen,
    I have linked to this post. It is a simple explantion of fractional ownership.

    Kathleen

  2. Daniel Giannini Says:
    July 12th, 2008 at 10:18 am

    Fractionals are the wave of the future in gaining access to luxury assets. The Fractional Concierge website (http://www.TheFractionalConcierge.com) is the world?s first website that brings together ALL assets sold as fractionals: Real estate, aircraft, sea vessels, automobiles, recreational vehicles, and everything else from handbags and artwork to dogs and organically grown meats. The website gives you detailed information, pricing and photos on hundreds of fractional assets so you can peruse the many different options.

    In addition, the website has a variety of user friendly features: (1) A Daily Blog that keeps pace with the latest breaking news about the Fractional Industry and new fractional products coming to market; (2) 36 classifications of classified ads for individuals looking to sell, trade or rent their fractional assets, professional services for sellers, buyers and developers, and employment opportunities; (3) A ?Financial Concierge Service? to assist buyers and developers locate financing; (4) A huge database of educational information including hundreds of articles; (5) And a Broker Participation Program to assist brokers worldwide locate fractionals for their clients.