The Basics

What is Kocomo?

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In the simplest language, what does Kocomo do?

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Is Kocomo a timeshare?

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What does “co-ownership” mean?

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How many co-owners are there per home?

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How does Kocomo make money?

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Does Kocomo own all the homes listed on the site?

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Buying a Kocomo

Can you explain the process (steps) and timeline for purchasing a home in Kocomo?

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Can I purchase more than one co-ownership stake?

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Other than the price of the piece of the home that I'm buying, what else am I paying for in the price per stake?

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Can I finance the purchase of an Ownership Interest in the house?

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Can I purchase a Kocomo share through a legal entity?

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Can I visit the home before buying?

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Do I need to travel to Mexico to purchase a home?

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What does the vetting co-owners process entail?

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What if I have a home I want to buy, but it's not one of Kocomo’s listings?

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In addition to the land and the house, would I also own the furniture and the appliances etc?

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Can the same co-ownership stake be jointly owned by me and other persons such as my spouse, other family members and friends?

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Do I need a lawyer to purchase a home in Kocomo?

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Scheduling & staying

How many days/year do I get to use my home?

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How many times a year will I be able to go?

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What about the 4 remaining weeks?

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How long can I stay?

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What happens with holidays?

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When do I select time at the property ?

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What happens if I cannot use the house during my scheduled time? Can I reschedule my time?

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What additional services will be provided by Kocomo?

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Will I be able to keep my personal belongings at the house?

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Maintenance & Costs

Once I purchase a Kocomo, what costs will I incur going forward?

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What is included in Kocomo’s platform fee?

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How do I ensure that the recurring expenses are fair and transparent?

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What is the purpose of the reserve fund? How is it funded and how is it used?

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Who takes care of each home?

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What decisions can Kocomo make on behalf of the owner group?

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What if the co-owners want to eliminate Kocomo as a manager?

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Would I have to pay for maintenance and repair costs resulting from acts of a particular owner?

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What happens if a co-owner does not pay for maintenance and repairs resulting from his acts?

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What happens if a co-owner defaults in his payment of maintenance costs?

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I understand Kocomo will manage all ordinary maintenance and repairs: What is included in “ordinary maintenance and repairs”?

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How do I report lack of maintenance or need of repairs? Is there a hotline 24/7 for this purpose?

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Where would the money of the co-owners be kept?

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Will Kocomo prepare an annual budget for the house?

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Which monthly statements of account or other reports or records will I receive (utility bills, taxes, etc.)?

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Will the property be insured?

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Selling your Kocomo

Can I sell my share of the house?

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Can I sell my share of the house to anyone or do potential buyers need to be eligible by Kocomo standard? Do they need to be approved by other co-owners?

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How long does it take to sell a house in Kocomo?

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How is the selling price of my share fixed?

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What selling costs and expenses can I expect when selling my share of the house?

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What happens if a co-owner dies?

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What happens if a co-owner finances his share of the house and defaults in his loan payments?

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