THE FUTURE OF REAL ESTATE AND FAMILY TRAVEL
100% OWNERSHIP
Luxury properties at the best resorts are expensive, illiquid, never ideal and often seek renovation or need new layouts. People face remote hassle, rising charges and upkeep expenses. They become their home’s hostages. And if they keep traveling their homes sit empty while money spent on rentals and hotels are being flushed down into a drain.
DIY CO-OWNERSHIP
People have been owning properties together with other people for ages. They purchase or inherit homes as a group. Usually legacy co-owners argue about expenses, maintenance, timing, etc. It causes roughness and tension in relations.
HOTELS
Small single room daily rate in top hotels is equal to an average monthly salary in Spain. 2+ bedroom suite will cost three times more than two single rooms. 5* hospitality services don’t provide enough value for money. Legacy concierges, guest relations desks and overpriced hotels’ venues are not able to provide people with truly unique local experiences.
MANAGED LUXURY RENTALS
The interests of the real estate owners and the renters are always in contradiction. The better the owners’ ROI the worse the guests’ experience: cheaper materials and amenities, less free services, higher price. In addition, property managers charge up to 50% of the owner’s revenue.
