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.

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.

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.

The process is simple:

‍

1. 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.
2. 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.
3. 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.
4. 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.