Share Prices are our determination of the overall value of your investment. As a reminder, when you invest in a property on Propshare, you buy shares in an LLC that owns the property. The Share Price values include the value of all the assets and liabilities held by the LLC. Our Investments team uses third-party property value estimates to approximate the property's current value, as well as a manual review to ensure there are no extreme outliers in the data. That new property value is added to the balance sheet for the LLC. The LLC's biggest asset is the property, but other valuable assets like the cash reserve exist. We also factor in the liabilities, such as the loan balance and accrued property taxes. The result estimates the total equity investors own in the LLC. We also make some adjustments for the upfront fees involved in the investment. This includes the closing, offering, and holding costs, plus the Propshare sourcing fee. Keep in mind that Propshare investments are designed for an investment period of at least five years. Accordingly, we structure these costs so that the Share Price reflects the prorated fees through that five-year period. Reducing cash reserves from starting operations and servicing loans can initially negatively impact the share valuation. The Share Price value may go up or down, and the actual investment returns will largely depend on the property’s eventual sale price at the end of the investment period. Share Price values are updated beginning 6+ months (Single-Family Residential) or 12+ months (Vacation Rental) after initial property funding at the next quarterly update. After that point, share prices are updated each quarter going forward. To learn more about share prices:What are share prices?What does it mean if my share price is down?Deeper dive into property share prices?How are Vacation Rental share prices different?

Propshare has protections in place for investors, even in the event Propshare goes out of business. We have structured our investments so they can continue to operate even if Propshare is no longer in operation. Each property is housed in its own standalone series LLC, which has its own bank account and separate ownership structure. Because the investors own the property directly through the series LLC, your investment will continue to hold value as long as the underlying property retains its value. Propshare retains no material ownership stake, and there is a clear separation between the company and the investment properties. In the unlikely event that Propshare ceases to operate, we would assign a new custodian to make all major decisions (like what property manager to use, when to liquidate the property, etc.).

While investors own 100% of the equity in each home, Propshare may utilize financing to provide positive leverage on the property in order to maximize the return for investors. Typically the leverage percentage will be set at either 0%, 50%, or 70%. The factors that determine if we use financing or not may include considerations such as the yield for that property, the interest rate at the time, or the predicted volatility of earnings. With each option, there are trade-offs and the amount of available equity changes based on the percentage of financing. The mortgages are non-recourse meaning that investors are not personally liable for the debt, nor do they need to qualify for credit. Investors receive all of the benefits traditionally associated with debt including return amplification and interest expense deductions. Our goal is to offer properties both with leverage and without in order to satisfy a range of investment preferences. In this video from aprevious webinar, Propshare CEO, Ryan Frazier and VP of investments, Cameron Wu explain the benefits of investing in a levered vs. an unlevered property on Propshare.

Starting from January 2024, dividends will be paid monthly, with the first payment scheduled for the end of January 2024. Subsequent monthly dividends will be paid near the end of each month. All dividends will be deposited into your Propshare cash balance, which you can utilize for future investments or withdraw as needed. When making a new investment, your first dividend date will depend on whether you invest in an individual property or one of our funds. You can learn more about both below. For Individual Properties:Properties begin paying monthly dividends once they start generating income. Dividend payments represent the cash flow after expenses and reserves. Therefore, the timing of your first dividend will depend on how quickly Propshare is able to lease out the property (if it is a single-family residence) or make it ready for bookings and start accepting short-term stays (if it is a vacation rental). The time it takes to start generating income varies depending on factors such as seasonality and property renovation requirements. Single Family Residential PropertiesHistorically, the average time to lease a single family residential property has been 45 days. However, the range varies from a minimum of 7 days to over 90 days. Vacation RentalsVacation rentals typically take 3-6 months to generate income, factoring in property design, furnishing, and ramping up operations and reviews on platforms such as Airbnb. For the Single Family Residential Fund:Currently, we expect to pay dividends for the Single Family Residential fund monthly, with subsequent dividends paid at the end of each month. Please note that depending on the timing of your investment, it may take up to 60 days to receive your first dividend. To learn more, go to our help section question on SFR dividends. For the Private Credit Fund:Currently, we expect to pay out dividends for the Private Credit Fund monthly, with subsequent dividends being paid out at the end of each month. Please note that depending on the timing of your investment, it may take up to 60 days to receive your first dividend. To learn more, go to ourhelp section question on SFR dividends.

Investors are able to add more than one beneficiary to their accountFollow the 3 easy steps below on desktop or mobile browser:Go toMy Account. Under Basic Account Info, select the Beneficiary option. Fill out the form designating your account beneficiary. Upon death, the beneficiary will need to reach out to support@propshare24.com and provide a death certification.

There are many benefits to investing in single-family homes. Propshare's Top Reasons to Invest in Real Estate are listed below, and certainly have an impact on why single-family rental homes compare to other home types. Consistent Cash FlowHistorically High ReturnsEarn Money Through Various MethodsAccess to Low Cost FinancingDiversification of AssetsLow VolatilityGenerous Tax BenefitsHedge Against InflationSingle-family rental homes in the rental market can behave more seasonally than other rental property types like condos or apartments. The leasing periods can be susceptible to market variables. One variable is employment hiring periods are typically at their peak at the beginning of spring through the end of summer, affecting when renters choose to move. The colder seasons can cause a slow-down due to end of the year responsibilities, like the holidays or work-related goals. To learn more about the benefits of investing in real estate, click the button below:Benefits of Real Estate Investing

Properties start paying monthly dividends once they're generating income. Dividend payments represent the cash flow after expenses and reserves. Each monthly dividend may vary month to month and is determined by analyzing several factors, including rental status, the amount of cash in the property's reserves, last quarter's cash flow, projected expenses, and lease renewal timing. Each property holds a cash reserve balance, which covers planned and unplanned operating expenses such as property tax, home insurance, repairs and maintenance, and vacancy costs. If the cash reserve balance decreases, it is replenished with rental income. Below are the guidelines we follow to increase, maintain, or decrease the property dividends over time. These guidelines are directional and help us make informed decisions regarding the dividends of the property. We strive to ensure that these guidelines are followed consistently to maintain the overall fairness and equity of the process. Possible reasons why property dividends are increased:When a property exceeds its initial cash reserveWhen a property is leased at a higher-than-expected monthly rentWhen a property signs a second lease at an increased annual rateWhen a vacation rental exceeds expectations or has ample cash reserves during high seasonPossible reasons why property dividends are lowered or paused:When a property's cash reserve falls below the initial amount, dividends are lowered until the reserve is replenishedWhen a property is leased at a lower-than-expected monthly rentWhen a property is not currently generating income, either through extended vacancy or an issue with an eviction or unlawful tenantWhen a property has long-running issues like a major expense or a major repair that is neededVacation rentals that are not yet booking-ready or not currently accepting bookings due to being taken off-lineVacation rentals that are either performing under expectations or are going through the low season and are seeing reduced revenue

Properties with FinancingFor existing properties that have a loan, Propshare may seek to refinance if rates go down by a large enough spread to also cover the cost/fees of refinancing. Properties with No FinancingFor properties without debt(and no 'Strategic Refinancing' label),Propshare does not intend to refinance the property in the future. These properties are intended to operate without leverage for the investment period. For properties without debt and labeled as 'flexible financing', see below. Properties with Strategic Refinancing labelProperties with this label may seek to add new financing earlier in the investment period if the market for long-term interest rates becomes more favorable. If a property without leverage or with low leverage is refinanced, then the cash from the refinance will usually be distributed back to investors as an early distribution. You can find the 'Strategic Refinancing' label in the Property Leverage section of the property details page for any property where this is part of the investment strategy.

Share prices estimate the current value of each share of a property. They are created by taking the current property value estimate and factoring in the LLC’s assets and liabilities, such as loan balance and cash reserves. Reducing cash reserves from starting operations and servicing loans can initially negatively impact the share valuation. The Share Price value may go up or down, and the actual investment returns will largely depend on the property’s eventual sale price at the end of the five-to-seven-year or five-to-15-year hold period. Given the calculation method, three potential causes exist for a share price dropping below the initial $10 value. Lower Cash Reserves: The Share Price is calculated using all the assets and liabilities owned by the LLC. If the cash reserves become reduced, the share price will be reduced as well. The cash reserves can be affected by servicing loans, vacancy while the property is initially being marketed to investors or repairs and maintenance costs. Lower Property Value: The property value has decreased per a third-party valuation estimate. These professional third-party data sources estimate the home's value, and then our investments team does a manual review to ensure there are no extreme outliers in the data. If the property value is estimated to be lower than the purchase price, the Share Price will reflect that and be reduced. Pro-rated Upfront Fees: The share prices also include some adjustments for the upfront fees involved in the investment. The Propshare sourcing fee and the other upfront investment costs are meant to be for an investment period of at least five years. Accordingly, we structure these costs so that the Share Price reflects only the prorated fees up through that time. Vacation Rental property share prices differ from single family residential share prices in several ways. For one, it is important to remember that vacation rentals require high initial costs to start operations and a significantly longer ramp-up time to start generating income. This may lead to a common trend of initial Share Price reduction followed by a recuperation period over the lifetime of the investment. This is because the share price of each property takes into account not only its property value but also its cash balance, which is reduced by the initial expenses. To learn more about this dynamic, visit:How Are Vacation Rental Share Prices Different?While the Share Price value may go up or down in the short term, the actual investment returns will largely depend on the property’s eventual sale price at the end of the investment period. That is why we maintain that real estate performs best as a long-term investment, all while investors continue earning dividends through rental income. To learn more about share prices:What are share prices?How are share prices calculated?Deeper dive into property share prices?How are Vacation Rental share prices different?

Propshare strives to give investors the opportunity to build wealth through real estate and historically, real estate returns have been maximized when treated as a long-term investment over multiple years. As a result we have designed the Propshare platform and our products for investors who are looking to build wealth over the long term. We do not recommend Propshare for investors that wish to hold their investment for days, weeks or even months. There are three main reasons that we have designed Propshare investments for long term holds:Steady Growth: Real estate has proven to be one of the most stable and less volatile assets over the long term. While that can increase the odds of achieving consistent returns, that also means that it is less feasible to obtain very high returns in a short period of time like is possible with higher volatility returns like high risk stocks or cryptocurrency. As a result, in order to maximize the wealth building, investors need time for the investment to accumulate both the rental income and property value appreciation. Time can often be the biggest advantage for a real estate investor. High transaction costs: Buying and selling real estate has high transaction costs that need to be amortized over a long investment period. These costs can include real estate agent fees, title and escrow fees, mortgage origination fees…etc. By holding an investment property longer, you are allowing more time for the rental income and appreciation to surpass those high initial transaction costs. Difficulty of Timing Market Cycles: Like most asset classes, real estate prices and returns often go through cycles, both up and down. Investors with shorter investment holding periods are more likely to have to sell during a down cycle. Investors that have a longer investment holding period are more likely to be able to ride out the down cycle and then sell their investments when their investment returns are maximized. For example, a real estate investor that bought a property in 2008 at the peak of the market but was forced to sell in 2010 probably didn't receive great investment returns. However a real estate investor that bought a similar property in 2008 and was able to hold for a much longer period of time was more likely to achieve strong investment returns just by the fact that they were able to hold over the long term. You can learn more about how share prices are calculated in thishelp question

As the Great Depression wreaked havoc on Americans’ confidence in the U. S. markets, Congress passed the Securities Act of 1933, also known as the “Truth in Securities” law, which hadtwo primary objectives:Require that investors receive financial and other significant information concerning securities being offered for public saleProhibit deceit, misrepresentations, and other fraud in the sale of securitiesThe following year, Congress passed theSecurities Exchange Act of 1934, which created theU. S. Securities and Exchange Commission, or “SEC” for short. The SEC has athree-part missionProtect investorsMaintain fair, orderly, and efficient marketsFacilitate capital formation

After a property is funded, that property has its own bank account with a cash reserve and property manager that is responsible for running the rental home operation & finances. A property manager is accountable for obtaining revenue (likefinding tenantsand collecting rent payments) as well as covering the operating costs of that rental home (property management fees, taxes, insurance, repairs & maintenance, HOA fees...etc). Those operating costs are paid out of the rental income received by the property. You can learn more more about a rental home income statement and the different expense categories in our article titledUnderstanding a real estate pro forma.

Propshare typically acquires homes 10 years old or less, which means because we’re purchasing a newer asset, there is less maintenance, and lower overall costs to operate the property. Our market rent is priced to match the quality of the home and stay competitive to comparable properties in the area. We feel that Propshare homes fill a need for prospective tenants and the price is set to reflect this.

Levered:A levered property means it was purchased with a mortgagePropshare uses leverage conservatively, generally 50-70%, interest only, etcMore volatile returns - appreciate potential is higher, but the risk of loss is higherlevered no recourse to investorsMeaning appreciation potential is higher, but the risk of loss is higherNon levered:Does not include a mortgageTypically more stable, consistent, anticipated returns do not fluctuate as quicklyUnlevered is more stable/consistent and won't go up as fast or down as fast

Propshare partners with experienced property managers who handle the day-to-day operations related to tenant leasing, maintenance, and rent collection. Our property managers dedicate their time to finding high-quality tenants while leveraging technology and scale to minimize costs and operate efficiently. We work closely with our property managers to provide additional oversight, maximizing cash flow, making informed asset decisions, and identifying opportunities for cost reduction. The property management expense for single family residential properties is8%of the gross rental income. For vacation rental properties, property management expenses range from15% to 25%, depending on the market and property management partner. Property managers may also charge one-time expenses for items like lease-ups, renewals, or rehab and turn support. With Propshare, your property gets twice the oversight at a price designed to deliver superior outcomes at a fraction of traditional costs.

Signing two-year leases is a large part of our investor funds optimization strategy. We work with quality residents who are looking to be in the home for a longer period of time. There are many financial incentives for a two-year lease term. One major incentive is reducing turnover expenses. Once a property is leased out, cash reserves have no direct impacts because the rental property income takes care of any costs. Another major incentive is that two-year leases allow for consistency in rental income and dividend payouts for our investors. In this video from aprevious webinar, Propshare VP of Investments, Cameron Wu, explains why Propshare signs 24-month leases with tenants.

Our search begins with our investment team. They handpick each Propshare rental property and remain consistently involved throughout the entire life cycle of the home. The selection of homes is largely based on the markets they’re located in. Propshare markets are chosen based on a series of metrics- potential for population growth, job opportunities, uprising single-family home trends- to name a few. Our investment team opts for single-family homes of a recent build and in newer developments. Specifically, aroundacquisitionwe follow the below 6-step process to ensure that we are selecting properties that will maximize our investor returns over the long term:1)Identify the most lucrative markets2)Narrow down the top neighborhoods3)Define the ideal home purchasing criteria4)Source deals to find the right rental properties5)Understand the property value & make the right offer6)Invest in renovation strategicallyIn the video below, Propshare VP of investments Cameron Wu goes over the criteria for what makes a good investment property and how Propshare decides which homes to purchase.

Once the home has been purchased, using positive leverage (link to learn more about thathere), the investment team works closely with one of our experienced property manager partners to prepare the home for the rental market. We then ensureefficient operationsby focusing our teams efforts on the below 4 items:1)Select experienced and motivated property managers2)Find great tenants3)Deploy technology to run efficient operations4)Leverage scale to reduce costsFor more details and an expansion on the above, click Learn More to read our article. Learn More

Once the home is listed on the market for rent, our focus turns to tenant selection. Propshare seeks out 2 year leases at the most optimal market rent. The 2 year lease strategy is to ensure our investors are receiving consistent dividends monthly for the lifetime of their investment in the property. In continuing to work with our property management partners, we are guided through the local rental market and make adjustments as needed. The single-family rental market is subject to a multitude of variables affecting rental rates and time it takes to find a tenant. Time of year is one variable- the market is most active between the end of spring and begins to experience a slow down at the beginning of fall. Propshare and our property manager partners ramp up the marketing to compensate for the effects of the slow season. In slower periods, we may offer tenants concessions in order to compensate for the cold market. Our property management partners follow the below metrics when searching for tenants:Setting the right rental criteria2+ year leaseMarket-value rentMetrics for quality tenantsCreate an online rental listing that sets expectationsWrite up an advertisement describing the propertyLet tenants know what the process is like if they’re interested in applyingSelf-guided, socially-distant toursTours require a pre-screening that also verifies prospective tenant identityOnce pre-screening is submitted to PM, PMs will do the self-guided socially-distant toursWhat we look for in a rental applicationEmployment and Income VerificationRental HistoryCredit Report and Background CheckAccept tenant! And you’ll be the first to know

We are currently focused on marketing the rental homes to prospective tenants and will email you when a new lease has been signed. Propshare's strategy for seeking tenants is focused on signing 2 year leases, achieving market rent, and thoroughly vetting applicants. Though it may take a bit more time to lease out the homes, we believe these standards provide our investors the best way to maximize returns over the long term. Preparing the home for the rental market can be a multi-tiered process. Our investment team works closely with one of our experienced property manager partners to prepare the home for the rental market. Below is a list of some items Propshare & our property management partners complete in the marketing process:Get it show-readyWe get our rental homes into tip-top shapeProfessionally cleaned, touch up paint, maintain flooring, fixtures, upgrade appliancesUpdating and maintaining the units will add to the property’s desirability and allow for a more competitive market rentDetermine market rentRental rates change very quickly depending on supply & demand in the given market. We hold-out for getting market-value rent which improves ROI for our investorsTake high-quality photos and videosAs real estate moves into a more virtual environment, its important to have quality photos and videos to provide to our prospective tenants (and investors!)Pictures give an accurate representation of the rental propertyMarket online, market elsewhereMarket on multiple online platforms using the professional photos and a well-crafted description that represents the rental unitFor-rent signs on the propertyPMs to respond quickly to prospective tenant inquiriesAct quickly and respond to tenants within 24-48 hours of inquiryPre-screen tenants for self-guided, socially-distanced toursContinue on with the tenant application process.

The timeframe to cancel a trade is 24 hours. To do so, please navigate to:Go toAccountClickTransactionsClickViewon the rightCancel TradeAfter the 24 hour window has passed, we are unable to cancel the trade and it will need to be held for the investment period for individual properties or until the redemption window for the Fund.

Propshare is accepting investments from Checkbook IRA's. These are IRA's in which the account owner has signing authority to make an investment. In the account set up, you'll simply select Checkbook IRA and enter the name of your LLC and your title. Solo 401(k)'s are also eligible to invest, and should select Checkbook IRA in the account creation process. By signing up as a Checkbook IRA account, we won't send you a 1099-DIV, since IRA's are tax exempt. Please note that at this time we can only support one account type per email address. If you wish to invest with your IRA and as an individual, you'll need to create two Propshare accounts and set up one as an individual and one as an entity. Propshare is partnered withRocket Dollar, a Checkbook IRA provider who can help you set up an account and invest in the most tax-efficient way possible. Each Propshare investment is taxed as a REIT, and therefore exempt from Unrelated Business Income Tax (UBIT). However, please consult your tax advisor before making any investment.

Monthly rent is set from the value of the home and local rental rates for the area. Our rental rates should be in-line with what you'd expect to pay in rent for a similar home outside of Propshare. Rental prices are transparent to members as they view homes.

We have a policy that investors should not contact tenants or visit properties and we have a direct contact line with our tenants should they ever have any concerns. We follow applicable laws for the marketing and sale of rental properties in each State that we operate similar to other, larger property listing services.

Investing on the Propshare platform can provide returns to investors in two ways: throughdividendsandappreciation. Below is our guide to potential returns on the Propshare platform. This includes the various ways that returns can be achieved, the estimated historical returns for different investment strategies, and how potential returns are affected by volatility and leverage. Estimated Historical Return RangeThe figures below outline the estimated historical return range for a diversified portfolio of properties for our main investment strategies: Single Family Residential (including individual properties and the Single Family Residential Fund) and the Private Credit Fund. It's important to note that actual returns for individual properties may vary and could either over or underperform the ranges provided. When investing in individual properties, diversifying across several properties and asset types can be an effective strategy for reducing individual property riskSingle-Family Residential (Individual Properties or Fund)Return Type: Income + AppreciationTotal Historical Returns: 6 - 10% annualIncome Portion: 3 - 5% annual*Appreciation: IncludedMinimum investment Hold:Individual properties must be held for a minimum of 5-7 years. Single Family Residential Fund investors may request redemptions 6 months after their initial investment.(More Info)Private Credit FundReturn Type: IncomeTotal Returns: 8.1%*Income Portion: 8.1% annualAppreciation: Not IncludedMinimum investment Hold:Investors may request redemptions 6 months after their initial investment.(More Info)Past performance does not guarantee future results and there is no guarantee this trend will continue. Note: The above scenarios are for illustrative purposes only and are not intended to be used to estimate the returns of an individual property. The table is estimated by combining the 20-year historical home price appreciation from the Zillow Home Value Index (ending Q1 2023) and average historical dividend yields from the Propshare portfolio (ending Q1 2023). These data sources were combined to estimate a hypothetical IRR for each asset type and leverage classification and then rounded to whole numbers. The single family residential and vacation rental calculations also assume an average hold period of 7 years, 6% property disposition costs, and an average annual net operating income increase of 3%. The leverage classification estimates an average of 63% financing and a 4.75% interest rate, which was selected based on existing properties with leverage at the time of calculation. The Private Credit Fund return is based on annualized dividends paid from August to December 2024.*The income return range is for new properties and does not include properties that do not receive a monthly dividend due to specific circumstances, such as vacancies, eviction proceedings, significant maintenance issues impacting the property’s cash flow, or not yet booking-ready. Any operating income for these properties will be added to the property’s cash reserves and distributed at a later dividend date. Historical Returns & Specific Product GuidanceIn addition to the estimated historical return ranges above, you may visit the dedicated resources below to learn more about the historical returns for individual investment strategies. Individual Properties (Single Family Residences & Vacation Rentals):OurHistorical Returnspage shows the total returns, rental income, and property appreciation for each property in the Propshare portfolio. Single Family Residential Fund: Visit theSingle Family Residential Fund pageto view historical returns for the fund. Private Credit Fund: Visit thePrivate Credit Fundpage for details on returns and anticipated annual cash flow. Potential Returns and VolatilityThe chart below illustrates the broader range of potential returns that can be expected from a diversified basket of individual properties (such as single family residential rental homes or vacation rental properties) or our two funds, the Single Family Residential Fund and the Private Credit Fund. It demonstrates how different investment strategies may offer higher potential returns but also carry higher potential downsides. This is for illustrative purposes only and may not accurately reflect the relative risk and potential returns. Actual results will vary. Vacation Rentals not only have a wider range of returns, but the investment timeline is different given its unique J-curve performance that you can learn abouthere. Benefits of DiversificationIt's important to note that individual properties may perform better or worse than the historical ranges mentioned. As a result, many investors choose to spread their investments across multiple properties. This portfolio diversification benefits investors in three ways:Risk Mitigation- Investing in multiple properties can reduce your overall exposure to any single property, spreading your risk across different assets. Income Stability- Rental income from real estate properties can be impacted by factors such as occupancy rates, rental prices, and local economic conditions. Diversifying your portfolio allows you to stabilize your yield and increase the likelihood of achieving returns that align with the portfolio average. Market Exposure- Different markets can experience significant variations in performance over time. Therefore, investing across various geographical areas can help minimize exposure to risks associated with any single market. Impacts of LeverageIn general, adding leverage to an investment widens the range of potential returns, increasing the average anticipated returns and potential downside. The chart below illustrates the impact of an investment that includes leverage versus an investment that does not. As leverage is added, the range of potential returns will widen, including the potential for a larger decline. Strategic Refinance properties and the Single Family Residential fund do not initially have leverage at the time of funding, but Propshare may seek to add financing during the investment period if favorable loan terms and interest rates are available. Other Related Links:What returns can I expect from the Single Family Residential Fund?What returns can I expect from the Private Credit Fund?Propshare Quarterly Financial Performance Blog PostsAbout Property Share PricesQuarterly Financial Performance Webinars:Q2 2022,Q3 2022,Q4 2022,Q1 2023,Q2 2023,Q3 2023,Q4 2023andQ1 2042.

We have a cash reserve at the individual property level for every home. It will typically average around 2% of the total home value. We also budget for ongoing operating expenses, both planned and unplanned. These include things like property tax, home insurance, and maintenance. And our anticipated dividends are after these operating expenses. In the event that expenses or negative cash flow ever exceeded our cash reserve and operating expense budget, we would make a short-term loan from our corporate entity to the individual home and then repay the loan with future rental payments. We would not do a capital call to investors, but it could lower the anticipated new cash flows from rent until the short term loan was repaid or cash reserve was refilled.

Each property has a unique anticipated hold period, but we typically estimate a timeline of 5-7 years for long term rentals and 5-15 for vacation rentals. During the hold period, we intend to distribute any Free Cash Flow in the form of dividend payments. The determination of when to sell a property is made based on a series of relevant factors, including the prevailing and projected economic conditions, whether the property is anticipated to appreciate or decline substantially, and how any existing lease may impact the sales price we may receive. As a result, we may decide that it’s in the best interest of shareholders to sell a property earlier than five years or to hold a property for more than seven years. For more details on the sale process, check out the resources below:How does Propshare determine when to sell an individual property?How the Sale of an Propshare Individual Property Offering Works

Historically, real estate returns have been maximized when treated as a long-term investment, hence why Propshare investments are designed to be held over multiple years. That said, Propshare offers various investment products with different hold times and liquidity options to match individual investor goals. For The Propshare Single Family Residential Fund and The Propshare Private Credit FundThe Propshare Single Family Residential Fund has adopted a redemption plan designed to provide investors with an option for liquidity. At any time after six months following a particular investment, an investor may request a redemption of all or any portion of their shares, which, if approved, will be redeemed at the then current Share Price (or NAV per Share) at the end of the quarter. The redemption plan is subject to certain limitations and may incur fees depending on the holding period. For more information on liquidity, see our help articles below. How does share redemption for the Single Family Residential Fund work?Here is theoffering circularfor more details. How does share redemption for the Private Credit fund work?Here is theoffering circularfor more details. For Individual Rental Properties (Single Family Residences & Vacation Rentals)Currently, investors will need to plan to hold their individual property shares for the full investment period until the property is sold and investors are paid their proportional proceeds from the sale. Single family residences have an estimated hold period of 5-7 years, and Vacation Rental properties have an estimated hold period of 5-15 years (learn more here). We anticipate filing a secondary trading market with the U. S. Securities & Exchange Commission (SEC) as an option for liquidity during the investment period; however, there can be no guarantee when that will be available. Pleasesubmit your emailif you would like to be notified of future developments. Disclaimer:There is currently no public trading market for our Interests, and an active market may not develop or be sustained. There is no guarantee that appropriate regulatory approval to permit such secondary trading will ever be obtained. If an active public trading market for our securities does not develop or is not sustained, it may be difficult or impossible for you to resell your shares at any price before the end of the investment period. Even if a public market does develop, the market price could decline below the amount you paid for your shares, and there may be fees involved. Please refer to our offering circular for more details regarding potential distributions. With respect to any fund style products that we develop in the future or have developed, we intend to allow for limited liquidity through a redemption program that will have fees attached. Please see the relevant offering circular for further details.

Our mission at Propshare is to make investing in rental homes accessible to everyone, and as such the minimum required to make an investment is only $100 USD per property. While our minimum investment per property is only $100, we see that the average amount our customers invest per property is closer to $3195.

Currently the Propshare platform is open to U. S. citizen or green card holder. Additionally, investors must reside within the 50 United States and be 18 years or older. Individuals do not need to be an accredited investor to participate in either the Propshare individual property offerings, Propshare Single Family Residential Fund of the Propshare Private Credit Fund.

Propshare takes care of all your property ownership responsibilities, such as selecting, purchasing, and renovating your property, as well as finding tenants, and dealing with maintenance requests. Propshare works with experienced property managers who handle the day-to-day management responsibility. These property managers have many years of experience, enabling them to maximize returns and minimize operating costs.

Propshare partners with experienced property managers who handle the day-to-day operations related to tenant leasing, maintenance, and rent collection. Our property managers dedicate their time to finding high-quality tenants while leveraging technology and scale to minimize costs and operate efficiently. We work closely with our property managers to provide additional oversight, maximizing cash flow, making informed asset decisions, and identifying opportunities for cost reduction. The property management expense for single family residential properties is8%of the gross rental income. For vacation rental properties, property management expenses range from15% to 25%, depending on the market and property management partner. Property managers may also charge one-time expenses for items like lease-ups, renewals, or rehab and turn support. With Propshare, your property gets twice the oversight at a price designed to deliver superior outcomes at a fraction of traditional costs.

Our current policy is to distribute any Property Cash Flow on a monthly basis for each property. However, we may choose to update or change our distribution policy in the future.

You can access your current account balance by logging into yourinvestment dashboard. Propshare will periodically update your account balance with the details of your investment value. This includes notifications of estimated earnings from rent payments, estimated appreciation, and any processed Free Cash Flow distributions.

No. Each home is owned through a limited liability company structure to protect shareholders from personal liability.

Investing with Propshare is very simple, you cancreate an account here.

We notify all of our users when new properties launch. If you are not getting an email every 1-2 weeks, then it's possible that the Propshare emails are going to your spam folder. To ensure Propshare emails get to your inbox, we recommend that you whitelist the email we send our emails from (support@propshare24.com). You can learn more about how to whitelist emails in the link below:How to whitelist email

Below are the definitions for different rental statuses amongst our single family long-term rental asset class:Rental StatusesDescriptionUnder contractThis property has a signed purchase contract and is awaiting closing. The duration for this process typically ranges from 30 to 45 days but may vary depending on the property, resulting in a shorter or longer timeframe. Seller post-closing occupancyA post-closing occupancy agreement has been negotiated with the sellers. A formal agreement was negotiated while under contract with the seller. If PCO is less than 30 days, the agreement is part of the Purchase and Sale Agreement (the form used is based on county/MLS). If greater than 30 days, the PCO will be managed through our PM with a formal lease. Market preparationVacant property not being marketed for rent for reasons other than initial rehab or turn. See the specific property page for more details. ORThe property management team is preparing the property for the market (rehab/turn work, maintenance, photos, etc.)Approved rental applicationThe property has an approved lease application and is awaiting the resident's move-in. Marketed for rentThis property is currently listed for rent on Zillow and other major rental sites. RentedThis property has a signed lease and is occupied by a resident. EvictionThe property's resident is currently in the eviction process. We are working diligently with our property manager to resolve this issue in a timely manner. Note:See the specific property page for more updates, which will include the eviction file date and any other pertinent information we have received. SquatterAn unauthorized individual has entered this property without a valid lease. As soon as it is confirmed that the individual is a squatter, the property manager takes immediate action to remove them. We are working diligently with our property manager to resolve this issue in a timely manner. Note:See the specific property page for more updates. If you have property-specific questions, please reach out to support@propshare24.com .

The eviction process involves several steps, varying in duration depending on the jurisdiction and type of eviction. Here is a general overview:1.Rent Demand:If it is a resident eviction, a legal demand for payment or vacancy is issued, providing a specified date for compliance. The demand period typically ranges from 3 to 30 days, depending on the jurisdiction.2.Filing:An eviction case is filed with the court once the demand period expires. The filing process takes 1 to 10 days, and the resident usually has 5 to 14 days to respond.3.Summons:The court serves a summons to the resident, typically taking 5 to 21 days. The speed of service depends on the case volume and the backlog of the sheriff or the court’s process server.4.Answer & Hearing:A hearing is scheduled if the resident answers the summons. The hearing date can range from 7 to 120 days and is affected by case volume, court backlog, and any actions requested by the judge.5.Judgement & Writ of Possession:The court awards possession to the landlord following the hearing. A default judgment may be requested if the resident fails to answer the summons. The judgment and waiting period for the Writ of Possession typically takes 1 to 7 days for default judgments and 7 to 30 days for regular judgments.6.Set Out:Once the court issues the Writ of Possession, it is forwarded to the sheriff or magistrate for execution. The set-out process can take 10 to 120 days, depending on the availability and backlog of the Writs. For more details, check outHow Propshare Manages Unlawful Occupancy Evictions.

No, we do not currently have an Android app and will be sure to share when we have an update. If you are interested in joining a future beta, please reach out to support@propshare24.com to be added.

For single family residential and vacation rental properties that require an update, they will be refreshed on the 5th of each month. Check out which properties we do monthly updates forhere.

Single family residential properties facing an evictionSingle family residential properties with an unlawful tenant (squatter)Single family residential property that are not currently being marketed for rent after 3 months since property launchVacation rentals that are not currently booking ready

Propshare provides investors with detailed property financial reports on a regular basis so that investors can understand their individual property performance. These financials are prepared in compliance withgenerally accepted accounting principles(GAAP) and are submitted to the SEC as a part of our regulatory filings. Those filings are all public and on our our generalfilings page, which includes all SEC documents. Additionally, below you can find a description of each filing type along with the contents of each document. What is a 1-SA? Half Year Property FinancialsThe 1-SA contains semi-annual, unaudited financial statements and other information that show property financial performance from January 1 to June 30 of the current calendar year. The 1-SA is available to view in October. This document includes a balance sheet for each property, individual property income statements, and statements of cash flows (including information about dividends (or distributions). This also includes non-cash items like depreciation, which lower the tax burden, but do not reduce the cash flow. What is a 1-K?Full Year Property FinancialsThe 1-K contains annual audited financial statements and other information that show property financial performance from January 1 to December 31 of the previous calendar year. The 1-K is available at the end of April of the next year. This document includes cash flows from operating activities, cash flows from financing activities, net change in cash and cash equivalents, supplemental disclosure of cash flow information, supplemental disclosure of non-cash investing and financing activities, and many other important financial items. What is a 1-U?Material Events DisclosuresThis document is used to communicate all material events, including declaring dividends, which displays the dividend per share for all properties. Check outWhy and How Propshare Works with the SECfor more details!

TheFully Fundedtag means that all of the equity on this property has been purchased and no longer available to invest in. Note:Often times a property can move in and out of being fully funded due to immediate cancellations or investor bank errors that take place. For example, a bank error from an investor could include insufficient funds.

We are constantly iterating on the Propshare iOS app, which means that a new version will need to be downloaded periodically. If your phone is not set up to auto update, please navigate to the App Store and download the latest version. If you are still unable to login, please email support@propshare24.com and share more details on the error you are facing.

Occupancy rate is the percentage of rented properties in a group compared to the total number of properties. Stabilized Occupancy Rate is an additional qualification of occupancy that only includes single family residential homes that are occupied or 90+ days rent-ready from their initial improvements. As most rental homes won't be occupied at the time of IPO, measuring the stabilized occupancy rate better reflects the long-term performance of the portfolio without being skewed by adding additional properties at IPO that haven't yet been prepared for market. That 90-day period ensures that each property has had ample time for improvements to be completed and marketed for rent. You can view the stabilized occupancy rate of the properties you have invested in via yourportfolio page. A property may be removed from stabilized if significant impairment outside the ordinary operations requires material action for an extended period.

Yes, more properties are coming soon, and we typically release new properties in batches every 1-2 weeks. That means that at any given time the properties listed on our platform may show as sold out. The reason for this batching is that we submit all of our investment properties to be qualified by the SEC (Securities and Exchange Commission) before they are available for investors to fund. At any given time, we may have up to 40+ properties that are in the process of being added to the platform. To learn more about how Propshare works with the SEC,click here. In short, due to the nature of the SEC qualification process, we often can’t pinpoint the exact date and time a new property will be available to investors to fund. In the meantime, you can sign up to be notified when new properties are released.1.Go to any property with aComing Soonlabel, click on the property.2. ClickNotify Meand select text and/or email.3. If you have the latest version of the Propshare iOS app, you can also enable push notifications to be notified directly through the app. We are currently working on an Android app and planning to release it in 2024.

The determination of when to sell a property is made based on a series of relevant factors. Below you will find Propshare’ strategy for the sale of a property: Propshare’ strategy for disposing of assets, returning principal and creating liquidity for investors is as follows:Hold Period Strategy:Propshare aims to acquire and manage properties with a long-term perspective, typically holding them for 5-7 years for long-term rentals and 5-15 years for vacation rentals. For more details on the anticipated hold period, check outthis pageOngoing Assessment:Throughout the ownership period, Propshare continually assesses the property's appreciation and market conditions. In rare circumstances, should it maximize the internal rate of return (IRR) to investors this may mean that an asset will be sold before or after the hold period stated above. Strategic Asset Disposition:As a property approaches the end of its intended holding period, Propshare actively pursues a sales strategy designed to minimize the illiquidity window for investors while maximizing the IRR for the asset. Timely Asset Sales:Propshare will prioritize selling an asset as soon as the targeted holding period is reached, unless compelling reasons exist for delaying the sale. Such reasons could include factors like prevailing and projected economic conditions, the anticipation of substantial property value appreciation, the amortization status of existing loans on the property, and the timing and impact of existing leases on the sales price. Maximizing Investor Returns:When Propshare decides to sell a property, the primary objective is to achieve a selling price that optimizes capital appreciation for investors based on the current market conditions. This approach underscores Propshare's commitment to prudent investment management and the pursuit of the best possible outcomes for its investors, balancing the need for liquidity with the potential for property value growth and maximizing lifetime IRR. For more details, check outHow the Sale of an Propshare Individual Property Offering Works.

If you would like to update your accreditation status to accredited or non-accredited, please see the steps below:Login to yourMy AccountClick onInvestment AccountClick onAccredited or Non Accredited StatusUpdate your Accreditation Status by selecting the appropriate checkboxes.

Currently the Propshare platform is open to U. S. citizen or green card holder. Additionally, investors must reside within the 50 United States and be 18 years or older. We will be sure to share when we have expanded in the future.

If you have any questions that are not answered in this FAQ, feel free to email us at support@propshare24.com .

Properties are typically named after the street in which they reside on, but we have also opened it up to investors and current Propshare employees to come up with unique names. If you have an idea for a property name and would like to share, please send a note to support@propshare24.com .

We typically add new rental properties onto the platform every 2 weeks. If you have any questions about upcoming inventory you can email us at support@propshare24.com .

Dealing with unlawful occupancy in rental properties can happen, even with preventative measures in place. It is a challenging and time-consuming task that every property manager and landlord may have to deal with at some point in time. Check out this blog post on howPropshare manages unlawful occupancy evictions.

Diversifying your investment portfolio with real estate can offer several benefits, including reducing overall investment risk, balancing out volatile investments, and serving as a hedge against inflation. Real estate often appreciates over time, all while generating passive rental income. Diversifying your real estate portfolio by investing in different property types and markets, as well as across both equity and real estate-backed debt products, can further enhance your investment strategy. This can help protect against market fluctuations and provide a more stable, long-term investment approach. Platforms like Propshare make this easy by allowing investors to buy fractional shares of properties across multiple locations or through diversified funds such as the Single Family Residential Fund and Private Credit Fund. For more details, visit thePropshare blog post.

At Propshare, we simplify real estate investing by offering diverse investment opportunities. You can buy shares directly in rental homes (investing in equity) or provide short-term financing for real estate projects (investing in real estate-backed debt). Below are the three main asset types:Single Family Residential Properties- Propshare focuses on purchasing single family residential homes and renting them out to long-term tenants, typically for periods ranging from one to two years. The goal is not just to provide rental housing but also to eventually sell the property for a profit after it has appreciated in value. Single family residential properties are available for investment either as individual properties or as part of analready diversified fund. Vacation Rental Properties- Focusing on prime tourist destinations, Propshare invests in vacation rentals and transforms them into luxury boutique accommodations. These vacation homes are listed on popular online platforms like Airbnb and VRBO (Vacation Rental By Owner). This specialization aims to satisfy the growing demand for high-end, short-term stays in desirable locations. Propshare Private Credit Fund- The Propshare Private Credit Fund provides funding for renovations, rehabs, and new construction nationwide. Investors can benefit from interest-based returns secured by residential real estate assets, making it a compelling choice for those seeking consistent, secured income.

No, we do not have the option to change your account type once your account has been created. Below are the options we have in place. If you just created an account, but have not invested and would like to use the same email, please reach out to support@propshare24.com . We can delete the new account with no investments and from here you can create a new account with the same email. If you are an existing investor with investments, you are more than welcome to open up another account under a different email. Please note that we are unable to transfer investments from one account to another.

Our mission at Propshare is to make investing in real estate accessible to everyone. Whether you have $100 or $1,000,000, anyone can build a real estate portfolio to meet their individual investment needs. In order to maintain REIT qualification for single family residential properties, the maximum you can invest per individual property is limited to 9.8% of the equity available. For example, if the property has $100,000 of total equity available, you could invest $9,800 in that property. Note: Vacation rentals do not qualify as a REIT, but we still apply this to both offerings. That 9.8% limit also pertains to the Private Credit Fund and Single Family Residential Fund, which are limited to a maximum offering amount of $75,000,000 in any rolling 12-month period pursuant to Regulation A requirements. We expect to offer common shares in this offering until we raise the maximum amount being offered unless terminated at an earlier time.

If you would like to download your portfolio view to CSV, below on the steps for both desktop and mobile browser:1. Login2.Account3.Click on your investment offering (NOTE: If you have a diverse portfolio, you can click on any offering as it will be consolidated when you download)4.Click CSV5. Navigate to the location on your computer where downloads are located

To change your email, please follow the below steps:Please send the request from your existing Propshare account email to support@propshare24.com and state the new email. From here we will need to schedule a Google Meet to verify informationThe standard hours to disable are 9:00 a. m. ET to 5:00 p. m. ET. Once you send an email to our team, we will share a link to book time.

At this time, we do not have a referral program in place. We understand that many of our investors are excited to share their experiences with others, and we truly appreciate your enthusiasm! If we decide to introduce a referral program in the future, we’ll be sure to let you know and share all the details. Thank you for being a valued part of our community!

At Propshare, we’re on a mission to make real estate investing accessible, simple, and rewarding for everyone. A critical part of that mission is how we approach fees. We believe fees matter—because they can significantly impact final investment returns. That’s why we’ve built our business model around three core strategies:Full transparency We ensure that every cost is clearly disclosed so you know exactly what you’re paying and why. Propshare investments are qualified with the U. S. Securities and Exchange Commission (SEC), and we file annual audited financial statements for each Regulation A investment, which are publicly available to all investors. Competitive fees Our innovative business model and efficient use of technology allow us to offer some of the most competitive rates in the real estate investment industry. Simple, easy-to-understand We keep our fee structure straightforward, eliminating confusion so you can focus on building your portfolio with confidence. How Does Propshare Offer Some of the Most Competitive Fees in the Industry?Our innovative business model prioritizes generating revenue from property sellers rather than investors. Specifically, we utilize agent rebates—a fee paid by the seller when we purchase a property. When Propshare acquires a rental property, we collect this agent rebate as part of the standard transaction process. Importantly, this rebate does not come out of your investment. By leveraging this approach, we can keep investor fees significantly lower than if we did not have access to this agent rebate revenue stream. Transparent and Simple Asset Management FeesPropshare charges its clients a smallAUM (assets under management) fee¹ to cover the essential services that make Propshare’s platform seamless for investors. That AUM fee varies by product and is between 0.1% - 0.30% per quarter. That equals $1.00 - $3.00 per quarter for every $1,000 invested. The AUM fee reimburses Propshare for the following services:Preparing tax forms for investorsDistributing dividendsProcuring insurance policies and filing claimsEnsuring timely property tax and loan paymentsOverseeing financial accounting and property managers, including rental rate analysis, expense management, and property improvementProfessional Oversight of Expense ManagementWhile we have discussed AUM fees, it’s worth highlighting that additional expenses and fees at the asset or fund level may be incurred through the regular course of business when acquiring and managing real estate investments. This is common with most alternative asset investment companies and nearly all mutual funds, ETFs, and REITs. These other costs can include items already included in the original offering price (like closing costs, escrow fees, and a one-time sourcing fee), which can be found on the offering details section of every property's financial tab and the offering documents. There are also future operating expenses (such as repairs and maintenance,property management costs, or property taxes) that are paid from future rental income. Why We’re Obsessed with Low FeesThe financial services industry has long been criticized for excessive fee structures that erode investor returns. At Propshare, we’re turning that model on its head. We’ve built our business with technology and economies of scale to minimize costs and maximize returns. From automating tax preparation to overseeing property management with precision, every decision is focused on saving our investors money while delivering the highest-quality experience. This approach isn’t just about fees—it’s about transforming how people invest in real estate. By putting investors first and embracing transparency, simplicity, and innovation, Propshare is creating a future where everyone can participate in the benefits of property ownership without unnecessary fees weighing them down.----------------------¹The AUM (assets under management) fee varies by product and is between 0.1% - 0.30% per quarter. AUM fee is 0.15% of the asset purchase price per quarter for single family residential properties, 0.25% of net assets per quarter for the SFR fund, 0.3% of net assets per quarter for the PCF fund, and a variable fee based on rental income for Vacation Rentals that has averaged 0.1% of the initial investment amount per quarter.

Yes, you can invest with a Solo 401k on Propshare. When you go through the account creation process, click Retirement Account as your account type. Please note that this will show Checkbook IRA as the option, but this will for the the Solo 401k.