What is Pacaso:

• A well-funded, $1 Billion+ Corporation
• Focused on purchasing homes, forming LLCs and selling shares to multiple, anonymous owners

What is Pacaso’s Business:

• Buys single family homes in residential communities under a unique LLC
• Promotes anonymous, real estate co-ownership in residential neighborhoods
• Offers buyers a minimum of 1/8 shares of the LLC; up to 8 anonymous owners per home
• Markets second home ownership as a way to build a portfolio of real estate
• Finances up to 70% of the LLC share(s) purchase price
• LLC shares allow up to 8 owners and multiple guests to come and go

What We Know and Believe:

• Business removes homes from the market available for single-family use
• Ignores/skirts Washoe County STR regulations
  • No STR permit required; no occupancy limits; no parking limits; no fire and life safety inspections; no local 24/7 complaint responder; no bear box requirement; etc.
• Avoids Homeowner Association (HOA) CC&R restrictions for Short-Term Rentals
• Avoids real estate transfer taxes when LLC shares are sold
• No Transient Occupancy Taxes (TOT)  are paid by the Pacaso LLC or the LLC owners
• Places added burdens on Incline Village/Crystal Bay amenities and infrastructure
• Markets preferred access to our beaches, golf courses, tennis and recreation centers
• LLC owners are restricted from renting their “time,” but may “gift” it to anyone
• LLC owners are not vested in our community and are not eligible to vote in our elections
• Neighbors are inconvenienced with noise, trash, vehicles, and an unrestricted number of strangers cycling through their neighborhoods from day to day or week to week
• Near impossible for neighbors to know: who to contact for emergencies? Who’s legit or not?

Your Involvement is Needed:

• Please sign this petition
• Send an email to: Commissioners@WashoeCounty.gov