WHAT DOES FRACTIONAL MEAN?

Fractional ownership means that a
property is owned by a group of co-owners through an LLC. Red Rock Fractional will manage your shared ownership group, including handling accounting, reservations, cleaning, maintenance; however, the owner group has the right to replace Red Rock as manager if it is not satisfied with its services. 

Each of the fractional owners share legal ownership and can enjoy using the vacation rental for 6 weeks per year. If you do not use all of your allotted weeks, Red Rock can help book nightly rental guests to occupy those weeks providing additional income to you. Your ownership can appreciate, be sold, or willed. 

WHY SHOULD I BUY A FRACTIONAL SHARE?

Based on years of industry experience,
vacation rental owners enjoy the benefits of owning a nightly rental but typically only use the property 5-8 weeks/year. Because of rising home prices and interest rates, a fractional share is a great financial option for owners. Each property comes fully furnished and professionally designed, ready for your use! 

WHY SHOULD WE CHOOSE RED ROCK?

For the last 10 years, Red Rock has been the leader in the second home market in Southern Utah.  We have 30+ skilled property managers ready to service your shared home.

HOW DO I CHOOSE THE WEEKS I WANT? CAN I TRADE WEEKS?

The selection of the 6 weeks will be given based on the order of purchase. Every year the selection will rotate based on seniority. Owners can request to trade weeks with one another. 

CAN I SELL MY SHARE?

Absolutely. There is a $500 transfer/processing fee for changing the vesting names and gathering and collecting owner information. If you decide to list it, we require you to use one of our preferred agents who understands the details of fractional ownership. They also will have access to the calendar to show to interested parties. 

CAN I BUY MORE THAN ONE SHARE?

Yes, one person can purchase up to 4 fractional shares and own 50% of the home.

IS THERE A START-UP COST?

The startup fee is determined based on home size, condition, and furnishings. For a newer home that is already furnished, a ⅛ share would be approximately $1,500. This would include bringing the home up-tospeed with professional design/staging, making it a smart home, and providing highend linens. These funds would also contribute to a property reserve account for any basic home repairs, linen replacements, wear-and tear, electronic and furniture upgrades, etc. Any major home improvements or purchases would be brought to the ownership group and decided based on the operation agreement. 

WHAT IS INCLUDED IN THE RED ROCK FRACTIONAL MANAGEMENT MONTHLY FEE?

The $125 monthly per owner management fee covers all home expenses and vacation rental management. This would include collecting and paying all utilities, property taxes, HOA fees, scheduling cleaning and maintenance. This would also cover software fees and door lock/thermostat automation.

HOW MUCH WILL I PAY DURING MY OWNER STAYS?

The only fee charged to you during your stay is a discounted cleaning fee.

WHAT ARE THE MAJOR BENEFITS OF THIS MODEL?

Having ownership in a beautiful home that you can enjoy 6 weeks every year and not having to worry about a thing! Each Red Rock Fractional home will be overseen by your Owner Services Manager who will handle every single task related to your property. This
includes all utilities, HOA fees, homeowner's insurance, and capital expenditures. This service is unique to fractional ownership and is not typically provided to traditional vacation rental owners. 

WHAT ARE CAPITAL EXPENDITURES?

Many second homeowners forget to supply an ample amount of reserve funds to cover simple and costly improvements over the life of a real estate asset. Although most of our
homes are new, eventually all homes will need new appliances, flooring, furniture, roof, etc. With fractional ownership, you are "sharing" these costs with others to help keep
your monthly costs of second home
ownership much more attainable. 

WE WOULD LOVE TO TALK TO YOU MORE ABOUT RED ROCK FRACTIONAL OWNERSHIP!  PLEASE REACH OUT TO OUR TEAM FOR MORE DETAILS.