Everything you need to purchase your dream house.
From soaring high-rise views to luxury oceanfront escapes, find the Kocomo that's right for you
The Basics
What does “co-ownership” mean?
Co-ownership simply means that a property is owned by a group of multiple owners instead of one single entity. This is also known as fractional ownership, a concept and practice used to democratize access to otherwise unattainable assets. Fractional ownership has existed for a long time but it is difficult and costly to get right without a neutral third-party administrator to ensure transparency and fairness amongst co-owners. This is where Kocomo comes in: We are reinventing the co-ownership experience by taking care of all the details ourselves so that you can enjoy complete peace of mind.
What is Kocomo?
Kocomo is the smarter way to own your dream vacation home abroad. Leveraging our proprietary technology, we aim to create a transparent marketplace that allows people to purchase, own, and sell co-ownership interests in exquisite vacation homes in select locations around the world—starting with our first love, Mexico.
Once someone becomes a co-owner of a Kocomo home, they can schedule time through our proprietary scheduling system and enjoy the home while our superb team takes care of all the details, including utilities, landscaping, pool maintenance, insurance, and repairs. It’s all the benefits of owning a home with none of the headache.
Is Kocomo a timeshare?
Not at all. A Kocomo home differs from a timeshare in the following, and rather important, ways:
- With a Kocomo home, you own a portion of the home (not only the right to use time there). You actually own a share of the home’s equity, and you can benefit from any appreciation in the value of the underlying real estate over time. By contrast, with a timeshare, you own only the right to use the property, typically for a fixed period of time each year.
- If you want to sell a timeshare, you must attempt to sell it back to the resort operator who sold it to you, which often results in a loss relative to your purchase price. With a Kocomo home, you simply need to list your share on our marketplace to find another buyer. All of which we expertly facilitate.
- Timeshare properties are typically hotel rooms or condo units in a resort property while Kocomo properties are standalone vacation homes in prime locations chosen for their physical beauty, their cultural heritage, and the access to multiple outdoor activities.
Does Kocomo own all the homes listed on the site?
There are two types of listings on our site. Live Listings and Preview Listings. Live Listings are homes Kocomo already owns. We have completed the purchase and are already running the home. A Preview Listing are homes that we’ve negotiated to list on our site, but still dont have exclusivity.
In the simplest language, what does Kocomo do?
Very, very simply, we enable multiple people to own one home and split all the costs amongst them without the fuss and hassle normally involved. We call this the smarter way to own a home abroad as buying a whole home for just a few weeks a year feels like more hassle than it’s worth while spending money on a rental is a waste.
We make this possible by managing all the legal and administrative processes that come with home ownership as well as all the property management. That’s how we remove the hassle of owning a home abroad and allow people to indulge in ultimate relaxation and unfettered quality time with their loved ones.
How many co-owners are there per home?
There are a maximum of eight owners per home so that each family can enjoy at least six weeks a year in their Kocomo. That said, one person can decide to purchase up to 4 co-ownership stakes (owning 50% of the home).
How does Kocomo make money?
Very simply, we charge two fees:
- A one -time service fee of 12.5% of the share’s value when you purchase the home.
- A monthly convenience fee of $100 so that we may continue to facilitate the maintenance and administration of the home to ensure it is lovingly cared for.
Everything else is 100% pass through.
Buying a Kocomo
Can you explain the process (steps) and timeline for purchasing a home in Kocomo?
The process is simple:
- Once you find a home on our platform that you’re interested in, and have had the opportunity to learn more about our co-ownership offering through a call with one of our specialists, you’ll sign our Sales Agreement and make a $10,000 fully-refundable deposit to secure your ownership share in the home.
- You’ll receive some additional documents for your review: our LLC Operating Agreement and Management Agreement. You’ll have time to review these documents and ask any questions you may have. You’ll also have the opportunity to visit the property and make sure everything is to your satisfaction in terms of the home itself. If at this stage, you decide not to move forward, you can get your deposit back in full, no questions asked.
- Once you’ve reviewed the documents and had the chance to visit the property, you’ll be asked to fund the balance of your deposit. At this stage, you can begin using the home! Once closing occurs, we will deliver your ownership certificate, and one of our Kocomates will guide you through the initial scheduling process.
- Savor the feeling of owning your very own Kocomo where you can create lifelong memories alongside family and friends, comfortable in the knowledge you’ve bought a home, the smarter way.
Can I purchase more than one co-ownership stake?
Of course! Each Kocomo home’s equity is divided into eight equal stakes. You are welcome to purchase more than one stake: For instance, if you purchase four stakes, you will own 50% of the home. By owning more stakes, you are able to enjoy more time in your home and potentially benefit from greater returns when you sell your Kocomo.
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?
Closing fees, home upgrade fees, and the Kocomo service Fee.
Can I finance the purchase of an Ownership Interest in the house?
Kocomo may, under certain circumstances, allow the Association to finance up to 60% of the purchase price of an Ownership Interest of qualified buyers, under a blanket mortgage. For so long as Kocomo remains the Manager of the Property, it will guarantee payments to the Lender under the blanket mortgage.
Can I purchase a Kocomo share through a legal entity?
Yes. You may purchase a Kocomo share directly in your name, or you may use a legal entity, such as an LLC.
Can I visit the home before buying?
Yes! We can help arrange a visit to the home before you sign the Sales Agreement and make the refundable deposit. You will also have the opportunity to perform a full inspection of the property prior to moving forward with your purchase of an ownership interest.
Do I need to travel to Mexico to purchase a home?
No! Everything can be done digitally and from the comfort of your home. Because our homes are owned through LLCs in the United States, you don’t need to worry about any legal documents or paperwork in Mexico. However, you can always visit the home before purchasing.
What does the vetting co-owners process entail?
The vetting process is designed to ensure that all Kocomo co-owners will be responsible stewards of their home. As part of the process, we may validate your identity, perform a credit check, and ask some questions about your employment status and assets.
What if I have a home I want to buy, but it's not one of Kocomo’s listings?
No problem! Let one of our Kocomates know you’re interested in a home not currently listed on our platform, and we’ll reach out to learn more and explore the possibility of adding the property to our platform for intelligent co-ownership.
In addition to the land and the house, would I also own the furniture and the appliances etc?
Yes. You own a share in the home as well as the fixtures, furnishings, decorations, appliances, electronics, linens, cookware, tableware, and supplies contained in the home.
Can the same co-ownership stake be jointly owned by me and other persons such as my spouse, other family members and friends?
Yes, you may own a share as part of a larger ownership group. Speak to one of our Kocomates to learn more about how this works.
Do I need a lawyer to purchase a home in Kocomo?
No, but you are welcome to have your lawyer review all legal documents and paperwork during the process of purchasing your home. Please note, however, that Kocomo can only communicate with you and our standard documentation is not subject to changes.
Scheduling & staying
How many days/year do I get to use my home?
With each co-ownership stake, you can enjoy six weeks of time at the property. Our proprietary scheduling system ensures that all owners get three weeks in the high season, two weeks in the shoulder season, and one week in low season. Weeks run from Saturday to Saturday.
Contact us to learn more about how our proprietary scheduling system works.
How many times a year will I be able to go?
This is up to you! You have six weeks to stay in your new home. Stays are limited to one week at a time in order to ensure that all our co-owners are able to enjoy both the high and low seasons. Scheduling contiguous weeks is possible and will be determined by other co-owner's stays and your place in the draft order. However, you are able to trade weeks with your fellow co-owners enabling you to enjoy three to four weeks of continuous time at the property.
Contact us to learn more about how our proprietary scheduling system works.
What about the 4 remaining weeks?
Every house is divided into 8 co-ownership stakes and each of those gives you 6 weeks at the house. So, yes... that is 48 weeks and a year has 52. We allot 4 weeks for any maintenance work that needs to be done at the house. If little work needs to be done, we’ll plan to rent those weeks, and any rental income will be used to reduce each co-owner’s share of property operating expenses on a proportional basis.
Contact us to learn more about how our proprietary scheduling system works.
How long can I stay?
Kocomo stays are allocated in week-long periods, running from Saturday to Saturday. This is to ensure that all co-owners have access to the home during popular seasons. If you wish to stay longer, you can aim to book contiguous weeks.
Contact us to learn more about how our proprietary scheduling system works.
What happens with holidays?
The only restriction (or special allowance) for holidays is that no one co-owner can schedule time for both Christmas and New Years. Other than that, co-owners can reserve any time they want at their home --holiday or not.
That said, we ensure the allocation of time is equitable as each co-owner is limited to a certain number of weeks at what is considered “high season”. And, unlike traditional categorization of seasons (which is often based only on weather), we actually consider holidays and other factors such as school calendars and special activities at the location.
Contact us to learn more about how our proprietary scheduling system works.
When do I select time at the property ?
The selection process described above takes place every year in November for a usage calendar which commences in February. However, when you purchase your Kocomo, you are able to make your selection immediately so that you do not have to wait until February.
What happens if I cannot use the house during my scheduled time? Can I reschedule my time?
Plans change, we get it. If you cannot use your scheduled time, you have a couple options:
- Gift the time to a friend or family member (and get bonus points with them forever)
- Rent the time -- you let us know you want to rent it and we’ll coordinate the rest. Your proceeds of the rental income will go directly towards covering your annual operating expenses.
- Swap the time -- through our app, you can let other co-owners know you want to swap (in an anonymous manner) and we’ll determine if there’s a match
- Add it to the platform of one of our partners, this will give you keys so you can use a similar property in a different location around the world at a time that works for you
What additional services will be provided by Kocomo?
Basic services like the maintenance of the house and basic staff (cleaning, gardening and cooking) are included within the annual recurring expenses every co-owner is responsible for.
That said, as part of our Platform Fee, we have a 24/7 concierge service (available via the Kocomo App) that can help you book other services - such as airport pickup, chef, massage, restaurant reservations, grocery shopping and day excursions. We will book these at cost (aka Kocomo doesn't profit from these). That said, these are additional charges.
Will I be able to keep my personal belongings at the house?
Yes, every co-owner will have dedicated space at the house (with lock) to keep personal belongings.
Maintenance & Costs
Once I purchase a Kocomo, what costs will I incur going forward?
Just like any home, there are operating expenses that fluctuate month by month. These could include insurance, property taxes, cleaning, property management services, preventive maintenance, and repairs. With Kocomo, we provide an estimate of the year’s costs upfront so you can budget accordingly. We then pass through any expenses transparently and at cost through to you and the other co-owners so they can be shared proportionately.
We charge a monthly platform fee of $100 in order to provide this superior level of service.
What is included in Kocomo’s platform fee?
Every Kocomo co-owner gets access to our owner’s app, which allows them to book their time, make payments, request additional services and contact our 24/7 concierge service. All these features require us to have staff coordinating all logistics for you (including managing your house staff and coordinating the maintenance) and engineers ensuring you have a seamless online experience.
How do I ensure that the recurring expenses are fair and transparent?
Our promise to our co-owners is that the only recurring money we make is in our platform fee. Other recurring expenses are 100% passed through and we take care of your every penny like it were our own. In addition, all co-owners will have access to our books and be able to see every transaction.
What is the purpose of the reserve fund? How is it funded and how is it used?
The reserve fund is a pool of funds that builds up over time through monthly contributions contained in the monthly operating expense budget. The reserve fund is used to pay for unexpected expenditures that may arise from time to time in relation to the home, including repairs, replacements, and improvements.
Who takes care of each home?
Kocomo takes on the responsibility for fully managing each of the homes on the Kocomo platform. This includes the legal and financial aspects of homeownership, including coordinating and paying for utilities and property taxes, maintaining the LLC legal entity and its accounts, and representing the buyer group as necessary to outside parties, including municipal authorities.
For physical upkeep of each property, we partner with vetted, high-quality property managers based in each of our active markets to ensure our homes are managed according to the highest standards of care and maintenance. Our partners take care of all aspects of property management, including landscaping, gardening, pool care, professional cleaning, preventive maintenance, and repairs.
What decisions can Kocomo make on behalf of the owner group?
As manager of the property LLC, Kocomo serves as a neutral party acting in the best interests of the co-owner group. In this capacity, Kocomo is empowered to make decisions with respect to routine matters such as weather-proofing outdoor spaces, performing minor repairs, and replacing worn-out appliances. Major decisions, such as the decision to purchase and install a jacuzzi, can be brought to a vote by any co-owner. Each fractional share holds a single vote.
What if the co-owners want to eliminate Kocomo as a manager?
If all parties agree, co-owners always have the right to “fire” Kocomo as a manager. That said, we will always go above and beyond to take care of your home and your stay, so hopefully we don't have to get to that point :)
Would I have to pay for maintenance and repair costs resulting from acts of a particular owner?
No. Every co-owner will be individually responsible for any expenses that are a direct result of acts during their stay.
What happens if a co-owner does not pay for maintenance and repairs resulting from his acts?
Under these circumstances, Kocomo would perform the necessary repairs itself, and seek to recover any monies spent for such repairs from the owner in question. If the owner were unable or unwilling to refund the expenditures after having been given the opportunity to do so, such owner would be in default, and could have his or her share repossessed and resold by Kocomo.
What happens if a co-owner defaults in his payment of maintenance costs?
Kocomo guarantees payment of monthly operating expenses on behalf of the ownership group, such that if one owner fails to make a required payment, Kocomo will step in and cover that payment itself. The defaulting owner will have the opportunity to fulfill his or her obligations, but if the default remains outstanding after the cure period has expired, Kocomo can repossess and resell the defaulting owner’s share.
I understand Kocomo will manage all ordinary maintenance and repairs: What is included in “ordinary maintenance and repairs”?
Ordinary maintenance and repairs refers to the cost of labor and materials necessary to maintain the property in a condition consistent with what you would expect of a luxury vacation home. On a practical level, this may include things like landscaping, gardening, pool maintenance, general cleaning, and HVAC service, among others.
How do I report lack of maintenance or need of repairs? Is there a hotline 24/7 for this purpose?
Each Kocomo has a designated Kocomo representative charged with ensuring that the home is working properly, and that everything is going smoothly when owners are onsite. As part of your onboarding process when you purchase a share, you will be introduced to your Kocomo representative, and you can contact this person at any time to report an issue. If something comes up, we will work hard to get it taken care of as soon as possible!
Where would the money of the co-owners be kept?
Kocomo will open, maintain and operate one or more bank accounts, as necessary, and all the money collected, and funds related to the Owners will be kept in these accounts. There will be no commingling of funds. As Manager, Kocomo will be the sole signatory of these accounts.
Will Kocomo prepare an annual budget for the house?
Yes. Kocomo will prepare a Budget every year and will send the Budget to the Owners by our mobile app.
Which monthly statements of account or other reports or records will I receive (utility bills, taxes, etc.)?
At Kocomo, we are dedicated to full transparency. For this reason, each year you’ll receive financial statements for the LLC in which you are an owner, including a balance sheet and statement of cash flows. Additionally cost statements with a breakdown of incurred expenses, including operating expenses, taxes, and insurance premiums, can be made available upon request.
Will the property be insured?
Yes, all properties will be insured according to the Kocomo’s insurance standards [unless all co-owners unanimously decide to have higher coverage].
Selling your Kocomo
Can I sell my share of the house?
Of course. Just like with any other real estate asset you might own, you can sell your Kocomo share at any time. The only restriction we implace is that you have to own it for at least one year.
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?
You can sell your share to anyone that passes our vetting process (which is just a check for criminal records and ability to pay). Other co-owners do not need to approve the new co-owner. In fact, they might not even know about this since we limit the interaction between owners to create a smooth experience for everyone.
How long does it take to sell a house in Kocomo?
If you opt to use a traditional broker, we can’t estimate the time it would take to sell. It would depend on the real estate market in your area at the time of sale.
How is the selling price of my share fixed?
Again, just like with any other real estate asset, you have the freedom to sell your share at any price you desire. That said, we are constantly collecting data on the markets we operate and can recommend a fair market price.
What selling costs and expenses can I expect when selling my share of the house?
As with the sale of a normal home, and depending on how you choose to sell your share, you will likely incur a real estate sales commission and closing costs. In the United States and Mexico, real estate sales commissions typically total 6% of the sales process (3% for the listing agent and 3% for the buyer’s agent), and are generally paid for by the seller. Closing costs are primarily borne by the buyer, but certain closing costs may be shouldered by the seller as well.
When selling your share, you may choose to work with an outside broker of your choosing, just as you would if you were selling an entire home. You may also choose to sell your share on our platform, where thousands of customers are searching for ownership interests in incredible vacation properties each day.
What happens if a co-owner dies?
If a will is in place at the time of the co-owner’s passing, the ownership share will be transferred according to the instructions laid out in the will. In the event a co-owner dies without a will, the share will be transferred to the co-owner’s heirs. The heirs would then represent an ownership group with joint ownership of the ownership share.
What happens if a co-owner finances his share of the house and defaults in his loan payments?
Kocomo acts as the guarantor of the loan and will step in to fulfill the defaulting buyer’s obligations on his or her loan. This is one of the services we provide as part of our end-to-end co-ownership solution for customers.

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