Where R&R meets roi
Imagine arriving at your own vacation home with everything in its place and in perfect condition. The fridge is stocked with your favorite food and wine. The beds are made up in clean, crisp linens. Fresh flowers greet you in the entryway. There’s a feeling of sanctuary here, and of home in the very best sense. Your only job is to rest, relax and enjoy. As a Cohana co-owner, this is where R&R meets ROI.
At Cohana, we help sophisticated buyers realize their dream of owning a home in one of the world’s most desirable vacation destinations. Our innovative co-ownership investment model makes it all possible.
How It Works
We match prospective owners into an exclusive cohort and facilitate the creation of a customized LLC to leverage the buying power of their partnership.
Through our exceptional market expertise, we help match the partnership to the most desirable properties available – homes that often would have been out of reach for individual buyers.
We provide property management and maintenance, scheduling, and personalized travel and concierge services, so you’re free to enjoy your vacation home to the fullest – as it should be.
Our innovative eight-year investment model provides you with years of enjoyment in your second home and an exit strategy focused on a profitable return.
the benefits of buying
Our innovative option is designed for the sophisticated buyer who wants to make the most of their investment and their experience. We remove the barrier to entry on high-end properties and the burden of dealing with property management and upkeep. Then we take it up a notch with five-star concierge services to optimize your enjoyment.
Our mission is to ensure that every moment of your vacation is spent on vacation.
The benefits of co-ownership
fair and flexible
concierge & travel services
shopping & trip-planning
The buying process begins with a conversation to ensure your needs and our services are the right fit, and that you qualify as an accredited investor. Then we create your profile, including your desired property type, location, budget and preferred timeline for investing. Our team will work with you and your professional financial advisors to ensure all your questions are answered before you decide to invest. Complete our contact form to take the next step.
How does financing work?
When the perfect property is identified, each member makes a capital contribution to purchase the home. Member’s capital contributions are secured by the property, which is acquired in an all-cash transaction. While the LLC is not permitted to carry debt, a member may elect financing that doesn’t encumber the property, such as refinancing an existing primary home or a bank line of credit.
How are initial capital contributions returned?
At the completion of the LLC eight-year term, the property is sold for its highest possible value. The members will first receive back their original capital contribution and then their share of any gains in the value of the property that may have accrued over the eight-year LLC term.
If the members are not ready to sell, there is the option to extend the LLC term via a supermajority vote. (This is one of only a few instances in which co-owners are directly involved in making property-related decisions.
What about capital gains?
Many Cohana co-owners will be able to take advantage of depreciation and 1031 tax-deferred exchanges – an advantage that’s generally not available in other partial-ownership models. You can then reinvest in other co-ownership homes or another investment property.
How is the property managed and maintained?
To alleviate the hassles of day-to-day decisions, important property management and upkeep decisions are incorporated into a Co-Tenancy Agreement after purchase of a home. Cohana oversees property management and related decisions not covered in the Co-Tenancy Agreement. Our mission is to ensure that every moment of your vacation is spent on vacation, and that there are no maintenance demands associated with owning a second home.
Are there annual operating expenses?
Annual fees cover all operating expenses associated with homeownership, including property taxes, insurance, utilities, pool and landscape services, management fees, homeowner association fees, miscellaneous repairs and maintenance, and tax return filings for the LLC. The annual operating budget is updated, presented to all homeowners, and paid for at the start of each year. Each member’s contribution is proportional to their investment in the property.