Weeks begin on Wednesday afternoons. This allows you to come anytime during the week and stay through the coming weekend, even Sunday night.
Can I rent out my property?
Yes, you can rent out your week yourself or through the management company. If you rent your property during a prime week you can often cover many of your annual operating expenses.
Once I own my property, can I swap dates with another owner?
Absolutely. Swapping dates and combining weeks can be done at the discretion of the owners. Your personal calendar shows your dates of use for years in advance and gives plenty of time to make changes with other owners.
There are numerous financing options for prospective buyers. Aside from a cash purchase, home equity loans and first home refinancing.
What about damages to the property?
Damages beyond normal wear and tear are the responsibility of the occupying owner. The ownership agreement defines the policies and guidelines for repairing and replacing damaged items.
What are the estimated monthly expenses?
The monthly costs vary by property and we provide a complete breakdown of the estimated costs. The cost estimates typically include such things as common area maintenance, snow removal, gas, electric, water, sewer, property taxes, cable, phone, insurance and bookkeeping. All the costs are passed on directly without mark-up and split equally by the owners.
Who pays the bills and collects the expenses?
A bookkeeper handles a variety of duties including processing bills when due, providing summary reports to owners and keeping an escrow account from which they will pay bills. As an owner, you will pay one-fourth of the estimated monthly expenses and the bookkeeper will handle the rest.
What about selling my property?
Like any other form of real estate, you can sell your interest at any time. You will own fee-simple title to your specific quarter interest. Because we specialize in and work with so many quarter-share buyers, we are happy to help you market your property.
