HOW DOES IT WORK?
My 5 Homes is the EASY way to own and enjoy luxury vacation homes
Own a 1/4 interest in a luxury vacation home anywhere in the world
My 5 Homes handles all maintenance and upkeep
Preferred access to other M5H-managed homes
Enjoy up to 12 weeks every year; rent unused nights
Not interested in these homes?
GET YOUR MOST IMPORTANT QUESTIONS
Yes! You would own a 1/4 interest in this home. That means you would be responsible for 1/4 of the annual expenses and you would retain 1/4 of the sale price when you and the other three interest holders sell this home. My 5 Homes does not own any real estate.
There are many ways to finance your purchase at interest rates as low as 4%. Your My 5 representative can walk you through all the details and connect you with a lender we trust.
No. It's MUCH easier! Because your'e buying an LLC, My 5 is responsible for all real estate acquisitions. Our expert real estate attorneys will review all of the contracts so you have none of the hassles and headaches that come with typical closings.
Easy. Once you're officially an owner, we'll schedule an Introductory Call where we'll open the home calendars to you. You can begin booking reservations online, over the phone, and soon through a mobile app.
Owners may make up to 12 weeks of advanced reservations for each of the next 2 years.
No. My 5 Homes is the evolution of second home ownership. It's simply the smartest way for you to own a second home.
Unlike a timeshare, you actually own your real estate. And instead of being tied down to the same week every year, you may enjoy up to 12 weeks every year.
No. Owning real estate with others in an LLC is not new. Think of it as owning a second home with three friends but with a highly seasoned property management company along with a legal structure that promotes fairness and offers protection for each owner.
No. Owners in My 5 own interests in an LlC which wholly owns the homes and holds the deeds. This structure protects My 5 owners and gives them flexibility. In a Tenancy in Common, or TIC, each individual involved has deeded ownership.
The total costs are similar to what you would have to pay if you had purchased a second home and had it managed. The difference is, it's shared with the other owners in your home.
Costs include property management, maintenance and repairs, taxes, HOA fees, and utilities. Each home has its own projected annual costs, and these costs can be offset by putting some of your 12 weeks into the Rental Pool.
My 5 manages all aspects of homeownership, including: selecting and managing the property management company; maintaining the LLC and resolving any disputes between owners; managing the Rental Pool to generate the highest rental proceeds to offset your shared costs; providing opportunities for exchanges with other M5H-managed homes or with other companies; handling all of the payments and accounting for the properties, including issuing K-1s.
You simply let us know prior to the beginning of every year how many nights out of your 12 weeks (84 nights) of usage you'd like to put into the Rental Pool and we will use the proceeds to offset your shared costs on a quarterly basis. It's done pro rata based on the number of nights you put in to the Pool each year.
For example, if you put half of your nights, or 42 nights, into the Pool and the total Pool is 420 nights, you'll receive 10% of the total Rental Proceeds to be applied against your shared costs on a quarterly basis.
No. It wouldn't make sense for My 5 to hire the best rental management companies only to have internal competition driving prices down. Owners may only rent out their time by placing nights in the My 5 Rental Pool.
Your co-owners are fully vetted and matched with you according to their travel preferences. For example, My 5 Homes matches owners who like to travel at different times. This allows for less competition for specific travel dates and more availability for the times that each owner prefers.
The average annual shared costs for each owner is generally equal to about 1% of the home's purchase price.
Yes! And if those weeks get rented, the annual shared costs decrease.
No, we take care of the design and furnishings of all residences so you don’t have to worry about it.
Yes! You can store personal belongings, make requests for specific preferences or likes, etc.