​​Development Team​​

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David Keener, CPA
Mr. Keener is a successful single family residential developer and native Texan who resides in the Dallas Fort Worth area. Mr. Keener is a Certified Public Accountant with more than fifteen years of diverse and successful business and real estate experience ranging from founding and acquiring niche businesses in the United Kingdom, President and CFO of a $40 million manufacturing company, to seven years of accounting & consulting. Mr. Keener's primary business and focus is on single family residential developments and home construction in the Dallas Fort Worth Metroplex, as well as acquiring and developing unique properties in select emerging overseas destination markets, such as Belize.

id eener, CPA
Mr. Keener is a successful single family residential deReal estate in Placencia Belize has become more in demand other the years, and Vision Properties has grown along with industry. With over 40 years of residential construction expertise and over 15 years of direct experience in Placencia, Vision Properties is your one stop solution for designing and constructing quality low maintenance homes in Placencia. We make the process of turning your house into a home fun and easy, whether you choose a house that’s already completed or you design and customize it yourself. Vision Properties is the only builder in Placencia that has the capital resources to not demand a large down payment before construction starts. Instead, payments are arranged on a professional draw schedule with the subsequent payments made after work is performed to the agreed standard and your approval.veloper and native Texan who resides in the Dallas Fort Worth area. Mr. Keener is a Certified Public Accountant with more than fifteen years of diverse and successful business and real estate experience ranging from

 

​Usage Agreement​

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Usage Allocation
Each owner will have exclusive use of the property for 5 weeks out of each year. The owners will be allowed to select their usage dates. The selection order will be based on a random draw and each owner will choose in order, one week at a time, until all weeks have been allocated.

Owner Expenses
In addition to their
respective share of the net "Annual Owner Expenses" each owner will be
responsible for any direct expenses associated with the usage of the property
during their allotted time such as food, supplies and fuel for the SUV. Income
generated through the Rental Pool will offset a significant portion of the
"Annual Owner Expenses".

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Property Use
Each owner has the exclusive
right to the property during their allotted time and may use it in any number of
ways:

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• Personal Use: Many owners will decide to use the property exclusively as
  their personal vacation home.
  
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  Friends or Family: Each owner has the exclusive right to the property during
  their allotted time and has the right to allow usage of the property by friends,
  family and business associates. Any property related expenses that are incurred
  by "Guests" of the owners will be treated as if they were incurred by the owner
  themselves and will be charged to the owners account.
  • Personal Rental Income: The owner has the right to rent the estate during
    their allotted time. In this situation, the owner is responsible for managing
    and coordinating all aspects of the rental. They are responsible for all
    associated expenses and any damages to the property and keep 100% of the rental
    income.
    • Rental Pool: The Property Management Company offers each Owner the option of
      renting the property on the owners behalf. In this case, Property Management
      Company will take a commission of 25% of the total rental income. Of the
      remaining revenue, the owner receives 60% and the remaining 40% is retained by
      the Single Asset Entity that owns the property resulting in a reduction of the
      Annual Owner Expenses for the entire property.
       

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​Owner Rental Programs

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Although we know it will be hard for you to leave the paradise that is Placencia, we have made it easy for you to earn revenue from your investment if you choose not to use all of your time. If an owner elects to rent their weeks via the homes marketing website such as VRBO.com, the owner receives 70% and the remaining 30% is applied to the Annual Owner Expenses for the entire property. The owners have exclusive right to the property during their allotted usage time and therefore may choose to market and rent the property on their own, to friends, clients or in their local market and keep 100% of the rental income. Although we know it will be hard for you to leave the paradise that is Placencia, we have made it easy for you to earn revenue from your investment if you choose n

oHow does vacation home fractional co-ownership differ from time shares?

Although the ownership structures and arrangements known generally as "time shares" vary from place to place and among different developments, these arrangements always involve a large group of owner/users, an organizer who put the deal together, and an outside management company that will operate the property. Frequently, participants in a time share do not actually own any real tangible asset.

Typically, in a time share arrangement, the user has no control over the actual management of the property, they pay high management fees and rarely see the value of their investment tied to the actual value of the underlying property.

By contrast, owners of The Placencia House will share the following benefits:

• Exclusive access to a beachfront estate for 5 weeks out of the year.
  • The ability to benefit financially from the appreciation of their asset over time.
    • Potential rental income.
      • Owners have total control over the management of the property.
        
         

      t to use all of your time. If an owner elects to rent their weeks via the homes marketing website such as VRBO.com, the owner receives 70% and the remaining 30% is applied to the Annual Owner Expenses for the entire property. The owners have exclusive right to the property during their allotted usage time and therefore may choose to market and rent the property on their own, to friends, clients or in their local market and keep 100% of the rental income.

      Please visit the property's VRBO rental site that gives details on rental rates and availability. CLICK HERE for more info.

       

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