Pacaso vs Vivla

Geographic strength: Pacaso goes broad, Vivla goes deep

This is the cleanest single difference between the two operators, and it more or less determines which one is right for a given buyer.

Pacaso is the broadest cross-border fractional operator in the market. Its 190 COP-listed properties span six countries: the United States (161 properties — primarily in Aspen, Lake Tahoe, Park City, Napa Valley, Malibu, Newport Beach, and similar US luxury markets), Mexico (12 properties — Los Cabos, Riviera Maya), France (7), England (6), Italy (3), and Spain (1). Pacaso's strength is the ability to own across continents within a single operator relationship — a US share, a Mexican beach share, and a European share all on the same platform with one swap network.

Vivla is the deepest Spain-only fractional operator. All 34 of Vivla's COP-listed properties are in Spain, distributed across Mallorca, Marbella, Costa del Sol, Costa Blanca, Madrid, Barcelona, and the Canary Islands. The depth of Spanish coverage is meaningful — for any single region in Spain, Vivla typically has multiple properties to choose from, and the operational knowledge is correspondingly Spanish-specialised (tax structures, NIE requirements, Andbank financing, Spanish rental licensing rules, regional regulations).

The non-overlap is almost total. For a buyer focused on Spain, Vivla has the deeper inventory in most Spanish regions. For a buyer focused on anything outside Spain, Vivla simply doesn't operate there. Pacaso has Spanish presence at exactly one property — it cannot match Vivla's Spanish depth — but it's the only operator across both the US-side and the Mexican-side of the market.

The Spain question: how Pacaso and Vivla compare on the country where they overlap

Pacaso has one Spanish property in its current COP-listed inventory. Vivla has 34. For a buyer specifically deciding between Pacaso Spain and Vivla Spain, the comparison isn't really about head-to-head operational features — it's about inventory availability. Pacaso's Spanish footprint is at the very beginning of European expansion; Vivla's Spanish footprint is the operator's entire business.

What that means in practice: if Mallorca, Costa del Sol, Barcelona, Madrid, the Canaries, or any other specific Spanish region is your target, Vivla almost certainly has more inventory in that region than Pacaso does. If Spain is one of several locations you're considering — and you also want US or Mexico exposure — Pacaso offers the cross-border platform that Vivla can't.

This is also where a marketplace like Co-Ownership Property becomes useful: you can compare both operators' Spanish properties side-by-side across all their listed regions, rather than browsing each operator's site separately and trying to keep track.

How each operator structures ownership

Both operators use property-specific legal entities holding 100% of the underlying property, with co-owners as members or shareholders. The specific structures differ by jurisdiction.

Pacaso uses a US LLC for US properties and the country-equivalent entity in each European market — an SCI for French properties, a Srl for Italian, and a Spanish SL for the one Spanish property. The LLC operating agreement is provided to prospective buyers before purchase. Pacaso also offers larger share sizes than most operators — 1/4 and 1/2 shares are explicitly available, which matters for buyers who want more usage time but don't want to commit to whole ownership.

Vivla uses a Spanish Sociedad Limitada (SL) per property — the standard Spanish limited-liability structure. Spain has well-established case law on SL ownership, including non-resident investor rules, so the structure is familiar to Spanish notaires and tax advisors. Each SL holds title to one specific property, and co-owners hold proportional shares in the SL. Share size is standardised at 1/8 — Vivla doesn't currently advertise 1/4 or 1/2 shares the way Pacaso does.

For most buyers the choice of legal vehicle is invisible — both operators produce the same buyer outcomes (deeded share, resale ability, appreciation, inheritance) — but Pacaso's flexibility on share size can matter for buyers who want closer to half-ownership.

Resale and exit — Vivla's published metrics are exceptional

This is where Vivla genuinely stands apart not just from Pacaso but from every operator in the fractional co-ownership market.

Vivla publishes specific resale data on its own site that few operators match:

• Average resale time: under 4 weeks from listing to completion
• Portfolio appreciation: +11% in 2025
• Three distinct liquidity windows: the 12-month window (first eligibility after holding period), the open window (any time after that with normal market dynamics), and the 10-year window (long-term holding option with different mechanics)

The under-4-week figure is notable. Most operators talk about "fast" resale without publishing comparable data; Vivla publishes specific numbers backed by its Spanish concentration and the deep relationship Vivla has with its owner pipeline. Whether Vivla can sustain those numbers as the portfolio grows is an open question, but as of mid-2026 the published metrics are credible and significantly faster than competitors.

Pacaso's resale process publishes a US average of 99 days from listing to completion — itself meaningfully faster than whole-property resales but slower than Vivla's published Spanish numbers. Pacaso's resale runs through its secondary marketplace, with right-of-first-refusal mechanics for existing co-owners. The platform-mediated approach is more polished and self-serve than Vivla's, but it doesn't produce the same speed metrics.

The honest read: Vivla's resale liquidity in Spain is exceptional and well-documented. Pacaso's resale liquidity is professional-grade but slower on the published average. For a buyer who weights exit liquidity heavily — and is open to Spanish properties — Vivla's published metrics are a genuine competitive advantage.

Step-by-step resale workflows

The end-to-end mechanics differ enough between operators that buyers benefit from seeing both workflows laid out side by side.

Pacaso resale workflow:

1. List your share through the Pacaso owner platform. Pacaso provides comparable-market pricing guidance based on recent resales of similar properties.
2. Right of first refusal: existing co-owners of the same property receive first option to acquire the share at the listed price.
3. Marketed to Pacaso's prospect network: if ROFR isn't exercised, the share is offered to Pacaso's existing prospect pool — buyers already familiar with co-ownership who have enquired about the property or destination.
4. Open listing: if no Pacaso-network buyer materialises, the listing extends to broader marketing channels.
5. Transaction: closing is processed as a transfer of LLC membership shares; the buyer's funds flow through Pacaso's transaction platform. Average completion: 99 days per Pacaso's published US data.

Vivla resale workflow:

1. Notify Vivla Owner Service of your intention to sell — typically a relationship conversation rather than a self-serve listing.
2. Pricing consultation: Vivla provides market guidance based on the specific property and the portfolio's published appreciation data (+11% in 2025). The owner sets the price; Vivla provides CMA-style support.
3. Liquidity window selection: 12-month (first eligibility after minimum holding), open (standard resale market), or 10-year (long-term mechanic for committed holders).
4. ROFR to co-owners: existing Vivla co-owners of the same SL receive first option.
5. Marketed through Vivla's Spanish prospect pipeline: the share is offered to qualified Spanish-focused buyers already familiar with the SL structure and the relevant region.
6. Transaction: share transfer processed through Spanish notarial system as an SL share transfer. Average completion: under 4 weeks per Vivla's published data.

The underlying legal substance is similar — both are share transfers in property-specific entities rather than full property conveyances — but the operational rhythm differs. Pacaso's process is platform-mediated with light human contact; Vivla's is relationship-managed with Spanish-specialist support throughout.

What Vivla's three liquidity windows actually mean

Vivla's published resale framework gives buyers three different exit paths, which is more flexibility than most operators offer:

The 12-month window: After the minimum holding period (typically 12 months from purchase), owners can list their share for resale through Vivla's standard process. This is the first resale eligibility most owners use.

The open window: Beyond the 12-month minimum, owners can list at any time. The marketing, valuation guidance, and transaction support come through Vivla; the seller controls price and timing. This is what Vivla's published <4-week average refers to under normal market conditions.

The 10-year window: Vivla offers a long-term liquidity option for owners who plan to hold 10+ years. The specific mechanics aren't fully documented publicly, but they include preferred re-marketing through Vivla's mature owner network and accumulated valuation data on the specific property's history.

The structure gives owners predictable exit paths at multiple horizons, which is one of the reasons Vivla's published resale metrics hold up.

Financing — two genuinely different approaches

Pacaso and Vivla each offer financing pathways, but they work in completely different ways.

Pacaso financing covers US homes through Pacaso's banking partner network — published at 70% loan-to-value. The product is a normal real-estate-secured loan, available to US-resident buyers purchasing US Pacaso properties. For European Pacaso properties, the financing options for US buyers are more limited and typically involve specialist international mortgage brokers rather than Pacaso's domestic partners. Pacaso doesn't currently advertise a comparable US-buyer pathway for buying its Mexican or European inventory.

Vivla financing is fundamentally different and unique in the fractional space: a Lombard loan through Andbank, secured against an existing investment portfolio. Up to 100% of the fraction's purchase price can be financed this way. The structure works because Andbank holds the buyer's pledgeable portfolio (stocks, bonds, funds) as collateral, lending against it at competitive rates while the buyer retains the underlying investment returns.

Worth knowing: Andbank holds a 3% equity stake in Vivla — they're not just a financing partner, they're a strategic investor. That alignment means the Lombard product is genuinely integrated rather than a generic bank arrangement.

The Vivla / Andbank Lombard product is a meaningful differentiator for buyers who hold investment portfolios that Andbank can accept as collateral — typically EU-resident HNW individuals with brokerage relationships that meet Andbank's pledging requirements. For non-EU buyers (particularly American and British) without an Andbank-accepted portfolio, the practical applicability is limited and eligibility is case-by-case.

The net comparison:

• US buyer of a US home: Pacaso's 70% LTV is the most usable financing path; Vivla isn't relevant (no US inventory).
• EU buyer of a Spanish home with pledgeable portfolio: Vivla's Andbank Lombard can finance up to 100%; Pacaso has limited relevance for Spain.
• US/UK buyer of a Spanish home: neither operator's primary financing program is a strong fit; specialist international mortgage brokers or cash purchase are the realistic options.
• US/UK buyer of a Mexican Pacaso home: Pacaso doesn't currently advertise a US-buyer financing pathway for Mexico; cash purchase is typical.

Home-swap programs — algorithmic vs key-wallet

Both operators run exchange programs, but with very different philosophies.

Pacaso Swap is a fully self-serve algorithmic network. Pacaso publishes seven dedicated pages on the program. Owners can request a direct 1:1 swap with any other Pacaso owner, OR use Pacaso's AI-generated Swap Credits for asymmetric stays (different lengths, different seasons, different value tiers). There's a $300k share-value threshold for participation, anonymous matching, a 5-day response window, and confirmed swaps are non-cancellable. In February 2026 Pacaso added Pacaso Infinity, extending the network to vetted private whole-home owners (Mexico City, St. Barts, NYC, Tuscany, more) using the same Swap Credits system.

Vivla "Keys" is Vivla's rebranded 2026 exchange system. The model is points-based rather than direct 1:1 — owners publish a week from their home into the network and receive Keys, which they can then redeem against any other available Vivla property's published week. The Keys expire 24 months after issue, with a one-time 12-month extension option. Owners can see their Key wallet inside the Vivla app. The model is asynchronous: you don't need to find a direct counterparty for each swap; you bank Keys when you publish a week, and spend them when you book one.

For frequent stay-exchangers, Vivla's Keys model removes friction (no need to find a counterparty match). For exchangers who prefer direct 1:1 deals or asymmetric-value trades, Pacaso's Swap Credits model gives more granular control. Both networks are internal — Pacaso Swap connects only Pacaso owners, Vivla Keys connects only Vivla owners.

Annual fees and what they cover

The two operators publish meaningfully different fee structures.

Pacaso uses a cost pass-through model for annual operating expenses (management, insurance, taxes, utilities, reserves) plus a ~12% one-time service fee on the primary purchase. The annual operating costs are disclosed property-by-property. Pacaso Collector — the loyalty program — gives multi-share owners a 12-month operating-expense credit.

Vivla charges an annual fee of 1.5–2% of the property value for management and concierge services, plus cost pass-through of property running expenses. The percentage-based fee scales with the property — a more expensive Mallorca villa pays a higher absolute fee than a smaller Barcelona apartment, but the fee structure stays the same percentage. Vivla also operates a managed rental program with a 15% commission on rental price (plus the typical ~25% all-in including platform fees if listed on Airbnb).

The cost economics compare like this on a hypothetical €1.5M Spanish villa held 10 years (assuming €60k/year property running costs):

• Pacaso path: €187,500 share + €22,500 one-time fee (12% × upfront) + 10 × €7,500 pass-through = approximately €285,000 over 10 years
• Vivla path: €187,500 share + 10 × (1.75% × €1.5M = €26,250 management) + 10 × €7,500 pass-through = approximately €525,000 over 10 years

This is a meaningful difference. Vivla's percentage-based annual fee accumulates significantly more over a long hold than Pacaso's one-time-fee-plus-passthrough model. The trade-off: Vivla's annual fee covers higher-touch concierge service and Spanish-specialist operational support; Pacaso's lower annual cost reflects a more cost-pass-through-driven model with self-service overlay.

For long-hold buyers (10+ years), Pacaso's structure produces lower total cost. For shorter holds with active concierge needs, Vivla's structure may produce better lived-experience value per euro. Neither structure is wrong; they reflect different operating philosophies.

Rental policy — binary again

The same binary that exists between Pacaso and MYNE exists between Pacaso and Vivla.

Pacaso doesn't offer a rental program; the operating model is owner-occupancy. Pacaso properties operate as second homes, not short-term rental units. For buyers who value neighbourhood stability and don't want their property treated as a rental, this is a positive. For buyers wanting rental income to offset annual operating costs, Pacaso isn't the right operator.

Vivla permits owner rentals and runs an operator-managed rental program for owners who want one. Vivla's commission is 15% of rental price; if the property is listed via Airbnb the all-in commission (including platform fees) typically reaches ~25%. As with all Spanish rentals, local licensing requirements apply — Mallorca and the Balearics have particularly tight rules, Barcelona has restricted short-term rental licensing, the Canaries vary by island, and the Costa del Sol has been progressively tightening.

For a Vivla buyer who can secure local rental licensing for their property, the rental program can offset a meaningful portion of annual operating costs. For a Vivla buyer in a region without rental licensing, the program isn't accessible regardless of operator policy.

The first year of ownership — what each operator's experience actually looks like

The texture of the first year of ownership differs in line with each operator's broader philosophy. Knowing the practical workflow before purchase helps buyers self-select.

Pacaso first-year experience: after purchase closes, you receive access to the Pacaso owner app. The app is the central touchpoint for booking calendar, swap requests, billing, maintenance reports, and the Pacaso Collector loyalty dashboard. Your first booking is typically made through the app within the first quarter — you select preferred weeks, the rotation system allocates peak-week priority, and you confirm. The app surfaces the home's specific quirks (parking instructions, neighbour information, local services) before arrival. Communication with Pacaso staff is via in-app messaging plus email; phone support is available for material issues. If you've purchased a Pacaso US home, the financing partnership pre-approval (where used) finalises through standard US mortgage process. The Pacaso Collector dashboard tracks your eligibility — multi-share owners begin accumulating the 12-month operating-expense credit from acquisition of share two onward. Swap Credits balance starts accumulating once you publish your first available week into the Swap network.

Vivla first-year experience: after purchase closes, you're assigned a Vivla Owner Service contact — your relationship manager who handles your operator-side interactions across the first year and beyond. The Owner Service contact walks you through the Spanish NIE renewal (if applicable for non-Spanish-resident buyers), helps coordinate first-year tax filings via local accountants, and serves as the conduit for booking, Keys exchange, and rental program enrolment if you're interested. Your first booking is coordinated through Owner Service rather than self-serve — particularly useful for first-time fractional buyers who appreciate human-mediated decisions on which weeks to choose. The Vivla app handles day-to-day operational tasks (calendar visibility, Keys wallet, communications) but the higher-touch decisions happen through human contact. If you're using the Andbank Lombard loan, Vivla Owner Service liaises directly with your Andbank relationship manager during the financing setup, which can otherwise be complex to coordinate across the bank's branches.

Both models work well; they suit different buyer preferences. Self-service buyers will find Pacaso's app-first model more efficient; relationship-focused buyers will find Vivla's concierge model more reassuring during the first year of fractional ownership.

What happens if Pacaso or Vivla goes out of business

This is one of the most-asked questions when buyers first encounter fractional ownership. Both operators have answers, and the structural protection is the same in principle.

Pacaso: the property is held by the property-specific LLC (US) or country-equivalent entity (SCI in France, SL in Spain, Srl in Italy), not by Pacaso the operating company. If Pacaso ceased operations, the LLC continues to exist as a legal entity; the property continues to be owned by the co-owners; a replacement management company could be engaged by the co-owners to handle ongoing operations (bookings, maintenance, billing). The LLC operating agreement spells out the procedure for engaging substitute management. This is the fundamental protection of the property-specific entity structure — Pacaso provides services to the LLC but the LLC owns the property.

Vivla: the same structural protection applies. Each Vivla property is held by its own Spanish SL (Sociedad Limitada), with co-owners as shareholders. The SL is a distinct legal entity from Vivla the operating company. If Vivla ceased operations, the SL and the property persist; the co-owners could engage a successor Spanish property management company to handle ongoing operations. Spanish SL governance is well-established law, and a replacement management arrangement is a normal commercial undertaking.

In neither case would owner equity in the underlying property be at risk from operator failure — the protection is structural. The practical concerns in such a scenario would be operational continuity: who handles bookings, maintenance, billing during a transition; how owners coordinate to engage substitute management; how the property's reserve fund is administered through the change. Both operators have published their entity-level documentation to make these transitions defensible. For the most cautious buyers, asking each operator for a copy of the entity-level governance documentation during due diligence is a reasonable step.

Owner experience: self-serve digital vs Spanish-specialist concierge

Both operators run owner platforms, but with different texture.

Pacaso's owner experience is centred on the Pacaso owner app. Calendar booking, swap requests, billing, maintenance reports, the Pacaso Collector dashboard, and Swap Credits all live in-app. Communication with Pacaso staff happens through in-app messaging and email; phone support is available for material issues. The model is designed for self-service, with global concierge layers added on top.

Vivla's owner experience is Spanish-specialist concierge. Owners have direct contact with Vivla's owner services team, who handle bookings, Keys exchange requests, rental program coordination, maintenance escalation, and the resale process. The app handles the day-to-day (calendar, Keys wallet, communications) but a substantial portion of owner interaction happens through human contact. Spanish operational expertise — Spanish tax filings, NIE renewals, communications with local notaires — is part of what Vivla provides as a country-specialist.

If you want a digital-first, global self-serve platform with multi-country support, Pacaso suits better. If you want a Spain-deep concierge with operational knowledge of Spanish-specific buyer issues, Vivla suits better.

Who each operator suits

The honest marketplace read — Co-Ownership Property sells both — these are the buyer profiles each fits cleanly.

Pacaso fits you if: you want to own in the US (Aspen, Lake Tahoe, Napa, Malibu, etc.), or in Mexico (Los Cabos, Riviera Maya), or you want a global cross-border platform with one owner relationship across multiple countries. The Swap network with Pacaso Infinity gives you access to destinations beyond Pacaso's own fractional inventory. Pacaso's lower long-term annual cost structure (no annual percentage fee) suits buyers planning long holds. US-buyer financing is a meaningful advantage for buyers of US homes.

Vivla fits you if: Spain is your target market — particularly Mallorca, Marbella, Costa del Sol, Madrid, Barcelona, or the Canaries. Vivla's <4-week resale average and +11% portfolio appreciation in 2025 are exceptional metrics for buyers who weight exit liquidity. The Andbank Lombard financing product is uniquely useful for EU-resident HNW buyers with pledgeable portfolios. The Spanish-specialist concierge handles country-specific operational complexity better than a global generalist platform can. The Keys exchange system removes the need for direct swap counterparty matching.

Many Spanish-focused buyers end up with Vivla; many US-focused buyers end up with Pacaso. Buyers who want both end up with one of each — there's no exclusivity, the platforms run in parallel, and Co-Ownership Property lists inventory from both.

Browse properties from both operators

Co-Ownership Property lists Pacaso's full US and European inventory plus Vivla's Spanish inventory in a single marketplace. Compare both operators' properties side by side.

Browse all properties All Spain properties

Frequently asked questions

Which operator has more properties — Pacaso or Vivla?

Pacaso has more total properties (190 vs Vivla's 34), but the comparison only makes sense within a specific geography. Pacaso's 190 are spread across six countries, with the bulk in the US (161). Vivla's 34 are all in Spain. For Spain specifically, Vivla has 34 properties to Pacaso's 1. For the US or Mexico, Pacaso has essentially all the relevant inventory because Vivla doesn't operate there at all. Geographic depth versus cross-border breadth is the actual comparison — total counts can be misleading.

Can I get financing for a Vivla property as a US or UK buyer?

Vivla's primary financing pathway is the Andbank Lombard loan — secured against an existing investment portfolio that Andbank can accept as collateral. For US or UK buyers who don't have an Andbank-eligible portfolio, this product isn't realistically accessible. In practice, most non-EU buyers of Vivla properties pay cash, with specialist international mortgage brokers as a case-by-case alternative for some properties. If you do hold an investment portfolio at a global private bank, it's worth asking Vivla whether Andbank could accept it as collateral — eligibility depends on portfolio composition and bank relationship.

Why does Vivla's resale process clear in under 4 weeks on average?

Several factors combine. First, Vivla's Spain-only concentration means the operator has deep relationships with the Spanish prospect pipeline — buyers who have already qualified for Spanish properties and are familiar with the SL structure. Second, the published portfolio appreciation (+11% in 2025) supports active demand for Vivla shares as the underlying assets are perceived as appreciating. Third, Vivla's three liquidity windows (12-month, open, 10-year) give owners structured exit paths that match different holding horizons. The combination produces faster average resale than operators with broader, less concentrated portfolios.

What's the deal with Andbank holding 3% equity in Vivla?

Andbank — a global private bank with a meaningful Spanish presence — holds a 3% equity stake in Vivla. They're not just a financing partner; they're a strategic investor. The alignment is structural: Andbank benefits from successful Vivla growth, Vivla benefits from a deeply integrated Lombard-loan product that other operators can't replicate without similar bank-level integration. For buyers, the practical implication is that Vivla's financing offering is genuinely embedded rather than a generic bank arrangement.

How does Vivla's Keys exchange system actually work?

The Keys system (rebranded 2026 from earlier exchange mechanics) is asynchronous. When you publish a week from your home into the Vivla exchange network, Vivla issues you a Key representing that week's value. You can then redeem the Key against any other Vivla owner's published week — you don't need to find a direct 1:1 counterparty. Keys expire 24 months after issue, with a one-time 12-month extension available. You can see your Key wallet inside the Vivla app. The model removes the friction of having to find a matching swap partner.

Can I combine a Pacaso US share and a Vivla Spain share?

Yes — there's no exclusivity. A buyer with a Pacaso US share (giving access to Aspen, Lake Tahoe, Pacaso Swap, Pacaso Infinity) plus a Vivla Spain share (giving access to a specific Spanish region, the Vivla Keys network, and Vivla's concierge) gets the best of both — US/Mexico breadth via Pacaso, Spanish depth via Vivla. The two systems run in parallel; you'd have an owner relationship with each. Co-Ownership Property lists inventory from both specifically because cross-operator ownership is common among multi-region buyers.

How does the Vivla 1.5–2% annual fee compare to Pacaso's pricing over time?

The two pricing structures produce different totals depending on holding period. Vivla's percentage-based annual fee accumulates over time — on a €1.5M property, that's roughly €22,500–€30,000 per year in management fees alone, before cost pass-through. Pacaso's structure is heavier upfront (the ~12% one-time service fee on primary purchase) but doesn't add an annual percentage on top. Over a 10-year hold, Pacaso typically produces lower total cost on the same underlying property value, while Vivla provides higher-touch concierge service in exchange for the higher running cost.

What happens to my share if Vivla or Pacaso goes out of business?

The property is owned by the property-specific legal entity (Spanish SL for Vivla, US LLC or country-equivalent for Pacaso), not by the operating company. If either operator failed, the underlying entity continues to exist, the property continues to be owned by the co-owners, and a replacement management company could be engaged. Owner equity in the property isn't at risk from operator failure — the protection is structural. The practical concerns would be operational continuity during a transition (handling bookings, maintenance, billing) rather than asset preservation.

Does Vivla operate outside Spain?

No. Vivla is a Spain-only operator — all 34 of its current properties are in Spain. There's no indication Vivla is planning international expansion in the near term. The Spanish concentration is a deliberate operational choice and arguably one of Vivla's competitive advantages — country specialisation produces deeper expertise in Spanish tax, legal, licensing, and local-market knowledge than a multi-country operator can deliver.

Is Pacaso's Mexico inventory comparable to Vivla's Spanish inventory in quality?

Both portfolios target the luxury end of their respective markets. Pacaso's Mexican properties focus on Los Cabos and the Riviera Maya — premium beach destinations with strong international buyer demand. Vivla's Spanish properties span the major Spanish luxury markets (Mallorca, Marbella, Madrid, Barcelona, Canaries). The properties themselves are comparable in luxury tier; the difference is regional context — different climates, different rental dynamics, different appreciation trajectories. There's no objective "better" — it depends on the buyer's geographic preference.

Can I rent out my Pacaso or Vivla share to offset annual costs?

Pacaso doesn't permit owner rentals — it's an owner-occupancy model. Vivla permits owner rentals and runs an operator-managed program (15% commission on rental price, ~25% all-in if listed via Airbnb), subject to local licensing requirements. Spanish rental licensing is regionally restricted — Mallorca, Barcelona, parts of the Costa del Sol, and various Canary Islands locations have tight rules — so the actual ability to rent depends on the specific property's licensing status. For buyers wanting rental income, Vivla is the structurally better fit.

What kind of buyer typically chooses Vivla over a competing operator?

The Vivla buyer profile typically: is Spain-focused (often considering Mallorca, Marbella, Costa del Sol, or Madrid), values exit liquidity (Vivla's published resale metrics are the strongest in the category), and benefits from the Andbank Lombard financing or the Spanish-specialist concierge. Many Vivla buyers are EU-based; international buyers also choose Vivla specifically for the Spanish depth. The trade-off compared to a broader operator is geographic concentration — if you only want Spain and want it deep, Vivla makes more sense than a multi-country generalist.

How does inheritance work — can I leave my Pacaso or Vivla share to my children?

Both operators handle inheritance through standard real-estate inheritance mechanisms in the property's jurisdiction. Vivla's Spanish SL structure produces a Spanish inheritance — heirs receive the share through a Spanish notarial process, with Spanish inheritance tax implications based on the heir's relationship and residency. Pacaso's US LLC handles US-property inheritance through standard US membership-interest transfer; European Pacaso properties follow the local jurisdiction's rules. In both cases the operator can advise on local procedure, but local accounting/legal advice is typically needed for non-resident heirs in either jurisdiction.

Are there age, pet, or guest restrictions with either operator?

Property-specific rules vary across both operators. Pets are typically permitted with size and breed restrictions per property. Smoking is typically prohibited indoors. Guest counts and overnight visitor rules vary. Vivla properties additionally follow Spanish-specific rules around occupancy and noise — Spanish HOAs (comunidades) sometimes impose additional restrictions for their buildings. Both operators disclose property-specific rules in the documentation before purchase.

If I want to upgrade my share size, can I do that with either operator?

Pacaso explicitly supports 1/4 and 1/2 share sizes in addition to the standard 1/8 — upgrades to a larger fraction of the same property are possible when other shares in that property come up for resale. Vivla's share structure is centred on 1/8 and the operator doesn't currently advertise upgrades to 1/4 or 1/2 of the same property. In both cases, the practical mechanic involves acquiring an additional share when an existing co-owner sells.