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How does the property use calendar work?

Posted by admin on 14/04/2024
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How does the property usage calendar work in Flatels Fractional?

One of the key advantages of investing in a share of a property with Flatels Fractional is the flexibility in planning its use. You don’t have to be tied to fixed weeks like with a regular timeshare. Instead, we have an innovative points system that takes into account the different attractiveness of different times of the year in a fair way.

Value of the day in points

Our calendar is based on assigning a point value to each day of the year. The highest number of points are given to days in the high season when the property is most in demand. In contrast, the number of points per day is lower in the off-season. The points also reflect the market value of the day in euros, making the system transparent and easy to understand.

Example: in Sicily, a day in August with beautiful weather and a holiday in full swing can be worth 100 points (equivalent to €100 per night, for example). On the other hand, an off-season day in January will be valued at 45 points.

Co-owner point account

Purchasing a specific share in a property, e.g. 1/8, you are entitled to 1/8 of the total points for the calendar year. These points will be added to your personal points account in our booking system.

Example: if the total annual value of the property is 40,000 points, the 1/8 owner has 5,000 points, the 1/4 owner has 10,000 points, etc.

Reservation of stays

When you decide to use your second home, simply book your chosen days in the booking system. The appropriate number of points will be deducted from your points account according to the current value of the days. In this way, you can freely combine stays at different times of the year until your points are exhausted.

Example: with an account of 5,000 points, you can enjoy 10 days in the summer peak season (100 points = 1,000 points), another 10 days in spring or autumn (75 points = 750 points) and a few long weekends in winter (180 points = 720 points). There are no limits to your imagination and it’s up to you how you use your points.

Key benefits of the points calendar

  • High flexibility in planning stays
  • Fair consideration of the different value of seasons
  • Transparent and understandable valuation days
  • Easy booking via online system
  • Possibility to combine stays at different times of the year

Detailed explanation of how the Flatels Fractional calendar works

Our innovative Flatels Fractional property sharing system is designed to give co-owners maximum flexibility in planning stays, while ensuring a fair and balanced points draw over the years. The key to this is our unique rotating day selection system, which we will introduce in detail in this article.

Opening the calendar

Our property calendar is always open for 2 years in advance. Specifically, each year in November we open reservations for the entire following calendar year. So, for example, if we open the calendar in November 2025, it will be possible to choose days for the whole year 2027.

This gives the co-owners plenty of time to plan their stays in advance and book the most suitable dates.

Rotary selection system for 8 shares

To ensure that all co-owners have fair access to the desired terms, we have developed a clever rotational selection system for the 8 shares. The system works in two rounds, with the co-owners collecting 50% of their points in each round. The whole process is repeated in an eight-year cycle, during which each co-owner rotates through all possible selection positions. Here is a detailed breakdown:

In the first round of selection, each co-owner shall select 50% of their points according to the allocated ranking. After the last co-owner has selected his points, a second round of selection begins, this time in reverse order. In the second round, each co-owner chooses the remaining 50% of their points.

Year 1
First round of selection: 1, 2, 3, 4, 5, 6, 7, 8
Second round selection: 8, 7, 6, 5, 4, 3, 2, 1

Year 2
First round of selection: 4, 5, 6, 7, 8, 3, 2, 1
Second round of selection: 1, 2, 3, 8, 7, 6, 5, 4

Year 3
First round of selection: 6, 7, 8, 1, 2, 3, 4, 5
Second round selection: 5, 4, 3, 2, 1, 8, 7, 6

Year 4
First round of selection: 8, 1, 2, 3, 4, 5, 6, 7
Second round selection: 7, 6, 5, 4, 3, 2, 1, 8

Year 5
First round of selection: 2, 3, 4, 5, 6, 7, 8, 1
Second round selection: 1, 8, 7, 6, 5, 4, 3, 2

Year 6
First round of selection: 5, 6, 7, 8, 1, 2, 3, 4
Second round selection: 4, 3, 2, 1, 8, 7, 6, 5

Year 7
First round of selection: 7, 8, 1, 2, 3, 4, 5, 6
Second round selection: 6, 5, 4, 3, 2, 1, 8, 7

Year 8
First round of selection: 1, 2, 3, 4, 5, 6, 7, 8 (The cycle repeats, everyone returns to their original position as in year 1.)
Second round selection: 8, 7, 6, 5, 4, 3, 2, 1

This eight-year plan will ensure that each co-owner will have the opportunity to select in every possible order in two rounds of selection. This is a balanced way to ensure a fair distribution of attractive days with respect to the points system. After the eighth year, the cycle repeats from the beginning.

Modifications to bookings after the end of the selection rounds

After both rounds of selection are completed, co-owners still have the option to modify their reservations up to 3 months before the actual date. During this period, you can add or remove days as you wish according to your current preferences and options, subject of course to the points available in your account.

Example: if you booked 14 days in July during the selection rounds, but later find that you would prefer to go in the autumn, you can release your July days and choose instead, for example, a week in September and a week in October (assuming you have enough points).

Three months before the date, the calendar opens for short-term rentals to third parties. If, for example, 15. April 15. July for external rentals, any unused days in this period can be offered to interested parties outside the circle of co-owners.

However, even after opening for external rentals, co-owners can still book free days if they have points available. However, they must take into account that some days may already be occupied by public visitors.

Distribution of profits from unused days

To maximise the benefit of your share, we recommend that you only book the days you actually plan to use. Free days will be offered for rent to third parties, generating additional revenue.

At the end of each calendar year, we’ll calculate the difference between the points you didn’t use and the earnings from renting those days. This yield shall then be divided fairly among the co-owners according to the number of their unused points.

Example: if you have not used 1,000 points in a given year and your total earnings from renting all unused days amount to €10,000, you will receive 10% of this amount, i.e. €1,000.

Of course, the proceeds must be taxed according to the rules of the country where the property is located before payment. We take care of all these administrative matters, you just receive the net profit corresponding to your share.

The payout can be made by transfer to your bank account, or you can keep the profit as a credit and use it to pay for future stays or other property-related services.

Key advantages of the rotating calendar

  • Fair distribution of attractive terms among co-owners
  • Ability to plan stays well in advance
  • Transparent and easy to understand rules
  • Balanced conditions for all in the long term thanks to an eight-year rotation cycle
  • Flexibility to modify bookings after selection rounds
  • Additional revenue from the rental of unused days, fairly divided according to shares
  • Simple online booking system

We believe that the combination of clearly structured selection rounds, the subsequent flexibility to modify bookings and the ability to generate passive income from unused days creates an optimal system to ensure you get the maximum benefit from your co-ownership of a vacation property. If you have any further questions about how the calendar works, please do not hesitate to contact our team.

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