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Pacaso’s plans to “democratize” second-home ownership

Housing Wire

After closing on a home, the co-owners have 100% ownership of the property. However, Pacaso manages the entire co-ownership process by taking care of furnishings, repairs, utilities, general property management and scheduling through its SmartStay app. Users can invest in individual properties or in a portfolio.

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When Investors Should Use a Flat Fee Listing Service

Listing Spark

While several non-negotiable costs, such as taxes, maintenance, and property management fees, are inflexible. One of the biggest costs you’ll encounter in acquiring new properties and selling old ones is the real estate agents’ commission fees In Texas, these are typically 6% of the property’s sales price.