Cohana

A limited number of members are admitted to an LLC. Exclusive cohorts are typically made up of between two and four individuals.

Cohana coordinates the creation of a customized Single Purpose Entity (SPE) Limited Liability Company (LLC) to purchase a home. The LLC becomes the legal owner of the home.

Cohana Homes manages and maintains the property. To alleviate the hassles of day-to-day decisions, important property management and upkeep decisions are incorporated into a 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.

Annual fees cover all operating expenses associated with homeownership, including property taxes, insurance, utilities, pool, landscape services, management fees, miscellaneous repairs, and maintenance. Each ember's contribution is proportional to their investment in the property.

The Cohana model is unique. It's the only one of its kind that's both profit-oriented and investment-minded.

Owners create a single-purpose LLC and purchase the home. Then, at a set date, the single-purpose LLC will sell the home. Most other models break up an ownership entity into fractions or shares, which can be very difficult to sell later. In our model, the home is both acquired and resold as traditional real estate, ensuring a predictable and reliable process with the best chance of providing a profitable exit strategy for all stakeholders.

Cohana does not rely solely on Cohana co-ownership inventory, like most other models. Based on your interests, Cohana can target the best-available opportunities in the marketplace.

We win when you win!

Cohana's rotating priority reservation system allows partners to plan their vacations with as little or as much advance notice as they choose. The equitable reservation system begins with each co-owner being assigned a number from 1 to 4, depending on the number of LLC partners and in the order they committed a deposit. Once assigned a number, co-owners divide their time into two equal parts. Co-owners then choose one reservation in the ensuing 12-month calendar in order, from co-owner No. 1 through No. 6, then a second reservation in an order of No. 6 to No. 1. The order of 1 through 6 changes each year, with co-owner 2 advancing to first priority in the second year, and co-owner 1 moving to 6 in year two. By rotating the order in the selection process, all co-owners have a chance at first and second reservation priority. Cohan also assists with trading and exchanging times between co-owners.

Yes. Cohana co-owners have access to residences that are shared between sisterLLCs managed by the Cohana Rental Program.