Fractional Ownership Industry: Simplified
We create new possibilities for property developers and entrepreneurs worldwide by streamlining the fractional ownership business with powerful software tools.
We create new possibilities for property developers and entrepreneurs worldwide by streamlining the fractional ownership business with powerful software tools.
At Open Co-Ownership, our mission is to revolutionize the world of fractional ownership for property developers and entrepreneurs. We understand the unique challenges faced by those who seek to enter the fractional ownership market, and we are dedicated to providing innovative software solutions that empower them to thrive in this industry.
We aim to simplify and streamline the entire fractional ownership journey for property developers. Our platform offers a comprehensive suite of tools and functionalities that encompass every aspect of the process, from onboarding properties and creating sales listings to managing shares transactions, bookings, shareholders, and financial reports. By leveraging our platform, developers can navigate the complex landscape of fractional ownership with ease and efficiency.
We recognize that property developers and entrepreneurs are driven by the desire to maximize revenue potential while delivering exceptional value to their clients. Our platform empowers developers to achieve these goals by creating compelling sale listings that highlight the unique features and investment potential of fractional ownership of each property. With the ability to generate shares sale listings for both individual properties and property groups, developers can attract a wider range of buyers and increase their revenue streams.
Our platform's robust management system enables developers to oversee and process fractional share purchases seamlessly. Developers can manage share trades, track transactions, and handle all related activities in one centralized location. This efficient share management capability ensures a smooth and transparent process for both developers and buyers, fostering trust and confidence in the fractional ownership model.
We believe in fairness and transparency when it comes to allocating usage rights among shareholders. Our platform offers sophisticated usage weights templates that consider factors such as property location, ensuring an equitable distribution of usage rights and accurate points pricing per night. Additionally, our properties expenses management feature enables developers to track and equalize booking expenses, while generating comprehensive annual financial reports for each property. This financial transparency strengthens trust and fosters long-term relationships with shareholders.
The Shareholder Dashboard includes key functionalities designed to provide shareholders with a seamless and efficient experience in their fractional ownership journey.
The Sales Listing page presents a comprehensive list of available properties for sale. Each listing displays the price per share and the number of properties included. In some cases, a sale may consist of a single property, while in others, it may comprise a collection of properties known as a real estate collection. When a buyer purchases a share of a real estate collection, they gain the right to book each property within the group.
On the details page of a sale listing, a shares slider is provided. Buyers can adjust the slider to select the desired number of shares. As the number of shares is modified, the page dynamically updates to display relevant information, including the share price, estimated annual expenses for the property, the average number of nights per year that the buyer can utilize the properties, average annual savings compared to short-term rentals, and the savings return on investment.
The details page also showcases the average number of overnights per year categorized by seasons. For each season, a slider is available, allowing buyers to adjust the nights they wish to allocate to that specific season. In cases where a sale comprises multiple properties, individual sliders are provided for each property. This helping buyers to understand the booking options and the flexibility they will have as shareholders.
Our platform offers a user-friendly booking system that presents a listing of available properties for shareholders to choose from. The listing includes properties in which the shareholder has purchased shares, as well as other properties that are available for booking.
By leveraging our comprehensive usage quantification system, shareholders can use their booking points to reserve properties. This means that even if a shareholder does not own shares in a particular property, they can still book and enjoy it using their allocated points.
The shareholder dashboard maintains a detailed booking history for each shareholder, providing a comprehensive list of bookings made. For every booking, shareholders can access specific details such as stay dates, points spent on the booking, and associated costs. This feature allows shareholders to track their past reservations and facilitates better planning and decision-making for future bookings.
Shareholders manage property expenses through a dedicated credit balance within the platform. Our platform ensures a secure online payment system, enabling shareholders to easily add funds to their credit balance.
Additionally, the platform maintains a transaction history, providing a transparent overview of all credit balance-related transactions.
Property expenses, including utility bills and other associated costs, are conveniently settled through the shareholder's credit balance during the reservation process. When making a reservation, shareholders prepay a portion of the property's costs using their credit balance.
As utility bills are processed, the platform calculates any necessary adjustments or refunds, which are automatically reflected in the credit balance. This streamlined process ensures efficient management of property expenses and provides shareholders with a transparent overview of their financial transactions.
The dashboard overview section provides a snapshot of key information and metrics to keep shareholders informed and engaged.
The current market price of shareholder shares is prominently displayed, giving shareholders an up-to-date valuation of their investment. Additionally, a dynamic line chart illustrates the market price trends over time, allowing shareholders to track the performance and fluctuations of their shares.
This section highlights the savings return on investment for shareholders. It showcases the percentage increase in value that shareholders have gained from their initial investment, enabling them to assess the profitability and success of their fractional ownership.
Shareholders can view the savings they have accumulated by booking properties as shareholders compared to non-shareholders who book the same properties for short-term rentals. This feature quantifies the financial benefits of being a shareholder and reinforces the value of the fractional ownership model.
Shareholders can quickly assess the number of points they have available for booking properties, enabling them to plan and make informed decisions about their upcoming reservations.
This section ensures that shareholders have quick access to their upcoming plans and can stay organized and prepared.
The Admin dashboard empowers builders with the necessary tools and functionalities to efficiently manage their fractional ownership business, facilitate transactions, maintain accurate records, and ensure a seamless experience for both builders and shareholders.
The Admin dashboard enables property developers and entrepreneurs to input detailed information about a property. They can provide location details, size, purchase price, images, and estimated operating property expenses and fees. This comprehensive information serves as a foundation for creating property listings and facilitating smooth transactions.
Administrators can effortlessly generate sale listings for individual properties or groups of properties. This function allows them to specify the number of shares available for each property or property group and set the price per share. By creating attractive and informative sale listings, property developers can effectively market fractional ownership opportunities to potential buyers.
Another function provides entrepreneurs with a centralized platform to oversee and facilitate property shares trades, listings, transactions, shareholder management, document management, and other related activities. They can efficiently manage the entire process of purchasing fractional shares, ensuring smooth and seamless transactions for both builders and buyers.
With our platform's comprehensive features for bookings management, iCal calendar synchronization, and integration with a channel manager and OTAs, builders can streamline operations, stay organized, and unlock additional profit opportunities. Manage bookings, synchronize calendars, and expand property exposure to optimize the success and profitability of fractional ownership ventures.
This feature allows administrators to create usage weights templates for different types of properties based on their locations. These templates enable property developers to ensure fair and equitable distribution of usage rights among shareholders. By assigning accurate points prices per night for each property, builders can establish a transparent and consistent system for allocating usage rights, enhancing the overall satisfaction of shareholders.
This feature empowers property developers to add operating expenses values for each property. They can also utilize this feature to equalize booking expenses among shareholders. Additionally, the function enables the generation of annual financial reports for each real estate property. This comprehensive financial management capability helps builders maintain a clear overview of property expenses, streamline financial processes, and provide transparent information to shareholders.
In addition to its robust features, our platform offers comprehensive invoice management functionality. This powerful tool streamlines financial operations and enhances the overall efficiency of your fractional ownership business.
Stay connected with your shareholders through automated email notifications. Our platform can send out notifications for various events, such as share purchase confirmations, reservation confirmations, payment reminders, maintenance updates, and more. These automated notifications help keep shareholders informed and engaged, reducing manual communication efforts.
We are introducing a forthcoming secondary market feature to our platform, aiming to provide a competitive advantage for builders and enhance the shareholder experience. This feature allows shareholders to buy and sell their shares, offering flexibility and liquidity.
At Open Co-Ownership, we understand that every builder and entrepreneur in the fractional ownership industry has unique requirements and business goals. As a software company, we take pride in offering highly customizable solutions that can be tailored to meet your specific needs and preferences.
Our platform is designed with flexibility in mind, allowing you to customize each function according to your business objectives. Whether you require specific data fields, additional features, or unique workflows, our team of experts will work closely with you to understand your requirements and implement the necessary customizations.
We believe in providing a cohesive brand experience to your users. Our platform allows for complete customization of the user interface and branding elements, enabling you to create a visually appealing and cohesive user experience that aligns with your company's brand identity. From color schemes and logos to custom graphics and fonts, we will work closely with you to create a platform that reflects your unique brand personality.
As your technology partner, we are committed to your success. Our agile development approach allows us to quickly adapt to your evolving needs and provide regular updates and enhancements to the platform. Our dedicated support team will be available to address any questions, provide technical assistance, and ensure a seamless user experience for both builders and shareholders.
We view our relationship with builders as a long-term partnership. As your business grows and evolves, we will be there to support you every step of the way. We value your feedback and insights, actively seeking your input to drive continuous improvement and innovation within our platform. Our goal is to be a trusted technology partner, helping you achieve your business objectives and stay ahead in the competitive fractional ownership industry.
Contact us today to discuss your specific needs and let us help you unlock the full potential of your fractional ownership business. Together, we can create a software solution that truly aligns with your vision and sets you apart in the industry.