Frequently Asked Questions

How is the Home Managed?

The employment of a full-time property manager is essential in the fractional ownership of a luxury home. When you purchase through Alpine Fractions, a property manager is already in place and ready to maintain the necessary accounting, calendar and maintenance schedule. The property manager will address any needs that may arise with the home, from a leaky faucet to paying tax assessments and the power bill. The property manager will essentially run mini-HOA set up exclusively for your luxury property and make all the little decisions necessary for daily home usage; all the while working under the direction of the homeowners. A set of CC&Rs specific to the home will be established and recorded, so that all owners will be aware of their rights of ownership and usage.

Who is the Management Company? What services do they provide?

Alpine Fractions is a licensed property management company and will be contracted by the HOA for a set monthly fee to function as its agent. The TIC Agreement and HOA documents will provide its direction. It will be responsible for preparing a yearly budget of all required expenditures and will provide bookkeeping and reporting services for the owners.

How are future decisions about the home made?

As with a normal HOA the owners will vote upon any changes they would like to make to the home, management, etc. While the property manager will be endowed with the right to make certain practical decisions regarding the upkeep of the home, while any major cosmetic or structural alterations to the home will go before the co-owners for a vote.

How does the calendar work?

Alpine Fractions uses a rotating calendar to provide the greatest level of equality among owners. Each owners use weeks will be identified on the Schedule of Use Weeks by a designation assigned to each owners fractional interest. A use week consists of a seven day period starting on Wednesday at 5:00 p.m. and ending the following Wednesday at 11:00 a.m.

Can I swap dates with another owner?

Defiantly. Swapping dates and combining weeks can be done at the discretion of the owners. Your personal calendar shows your dates of use for years in advance and gives plenty of time to make changes with other owners.

Can I rent out my property?

Yes, you can rent out your unit yourself or through the management company according to the use agreements of the property. If you rent your property during a prime week you can often recover much of your annual operating expenses.

Can an owner bring pets?

It depends on the property. The rule will be dictated by the HOA bylaws or covenants. If there are no restrictions we remain open and a property can become pet friendly if we gather owners of similar preference. Pet friendly is defined as dogs only. Cats and other animals are prohibited.

Is there Financing available?

There are financing options for prospective buyers. Aside from a cash purchase, home equity loan, and primary home refinancing, there are a few lenders who will create new mortgages on quarter shares. Please contact us for more information.

What about selling my property?

Like any other form of real property ownership, you can sell your interest at any time. You own fee-simple title to your specific quarter interest. Because we specialize in and work with so many quarter-share buyers, we are happy to help you market your property resale.