Joynt blog

Co-Own a Vacation Home? Here are 5 steps to get organized with Joynt

Written by The Joynt Team | Jul 22, 2025 4:33:48 PM

If you and your co-owners already share a vacation home, you probably know how quickly the little details can turn into big headaches.

Who booked the holidays? Who paid their share of repairs? What happens when someone wants to change the rules?

Even if things are going pretty well using spreadsheets, when you track everything by group text and crossed fingers, confusion (or conflict) is almost guaranteed at some point.

Joynt helps you bring clarity, structure, and accountability to your co-ownership—without starting over. Even if you’ve already bought the property and have a co-signed mortgage, you can get organized in a few simple steps.

Here’s how to turn your DIY setup into a predictable, fair system:

Step 1: Set Up Your Property in Joynt

First, decide who’s going to be the Management Coordinator (MC). Every group has the responsible one — organized, trusted, and low-key running the show, plus Joynt does most of the work.

Then start by creating your property profile:

  • Add the property details and address
  • Invite all co-owners to join
  • Upload photos if you’d like
  • Confirm everyone’s owner group structure and ownership share

Now everyone’s on the same page, from day one.

Step 2: Set Up Your LLC (If You Don’t Have One Yet)

If your group didn’t set up an LLC originally, it’s not too late — and it’s worth doing.

Forming an LLC now gives you:

  • Liability protection for each owner
  • A single entity to hold the title
  • Cleaner bookkeeping and tax reporting
  • Smoother ownership transfers down the road

😅 Most co-owners spend $1,500–$3,500 on legal docs. Joynt includes it automatically.

Already have an LLC?
Great — just provide the LLC details in Joynt and we'll attach our attorney-crafted Operating Agreement to ensure you and your co-owners are protected.

➤    What to consider when retitling a house:

  • Mortgage impact: Your lender may require approval or refinancing when you transfer the title to an LLC.

  • Transfer taxes and fees: Many states and counties impose a transfer tax when you record a new deed, even if the ownership remains the same. In some areas, you can file an exemption affidavit to avoid the tax, but acceptance varies by jurisdiction.

  • Insurance: You’ll need to update your property insurance to reflect the LLC.

 

Step 3: Establish Clear Rules and Policies

It’s easier to enjoy the home when expectations are clear. With Joynt, your group can:

  • Set guest, rental, and pet policies
  • Establish spending thresholds
  • Vote and log every group decision

➤    How this works in Joynt

  • All rules and policies are voted on by your group
  • Voting results are recorded automatically and visible to everyone
  • No more uncertainty about what was decided

 

Step 4: Organize Your Finances

Joynt replaces spreadsheets and awkward reminders with a built-in financial system:

  • Create and approve your property budget
  • Link your existing bank account or (coming soon) create a new business account via our integration with Stripe
  • Build a reserve fund for unexpected expenses
  • Track payments and balances in real time
  • Export records for your accountant or LLC filings
  • Set up assessments to collect funds for unbudgeted expenses

Transparency builds trust — and makes things easier for everyone.

Step 5: Start Booking with Confidence

Joynt’s booking system ensures fair access without the chaos.

  • Use our booking draft to claim priority dates
  • Reserve, trade, or gift stays on the shared calendar
  • Keep every action logged and clear

 

If you’re ready to protect your investment and keep your group aligned, we’re here to make it easy.

 

➤    Joynt brings structure to what you’ve already built.

Turn an informal arrangement into a clear, predictable, and fair co-ownership experience.