I first wrote about Partbnb back in early 2019, and their business model has evolved somewhat since then. This is a follow up to my previous posts that details updates on how their platform currently works in 2020.
The core driver of the change seems to be that they want the platform to be open to more serious investors, and make the fractional ownership of a home easier to achieve, but also to ensure their platform can scale, and not get bogged down by too many small investors.
How did it work?
So, previously, each property was divided into 10,000 parts, with each part starting from $34. The product also used to be more investment focused.
I wrote a post previously about how it used to work.
How does Partbnb work now?
With the all new Partbnb, things have gotten simpler, more focused, but for the customer, also more expensive.