Maintenance Fees

[1950bing]

The fact that a board will tell an owner that they will have to lock them out unless they get current means NOTHING !!!!! By the time the owner gets that far behind they don't plan to use it anyway, it's no big deal to be locked out. They are saving that money to go on vacation somewhere else.
Resorts need to go after the slackers with lawyers that mean business and keep good owners from paying slacker fees. Check the statement at end of year and see how much is owed under bad dept. It's shocking!
The slackers should have to pay for the lawyer fees to boot! That would bring in the late bucks.
In todays world it would be nothing for owners to get a email from their resort with cost info. and an area for issues to vote on. CLICK, and it is done.

[timeos2]

Originally Posted by 1950bing

The slackers should have to pay for the lawyer fees to boot! That would bring in the late bucks.

At a well run resort they do - and the process locks them out from the first day the fee is overdue, collections start in 60-90 days and the foreclosure process with the same year. There should be no free rides.

Originally Posted by 1950bing

In todays world it would be nothing for owners to get a email from their resort with cost info. and an area for issues to vote on. CLICK, and it is done.

Not legal. Everything that a Board does must be with proper notice, with minutes, in public - there are no provisions in the law to have an electronic operation (yet). Now you could POLL the owners that way but it would not be binding only advisory. The ultimate control, by law, is with the Association Board as spelled out in the documents every resort must have to exist.

[1950bing]

Thanks for the legal info.
I do think the feedback would be helpful to the resort. and maybe some do.

[BoardGirl]

Certainly there is nothing to be accomplished by remaining quiet and stewing. If you do not like how things are being done, you must speak up. It was mentioned previously that the board represents YOU. Contact the board members and discuss issues of importance to you. If you find indifference, VOTE EM OUT!

I would go to more owner meetings if they were geographically feasible, but I get an invite and it is my choice to not attend. If you can go to the meetings, Go. You might have ideas that have not been considered. You can ask questions to find out what is behind a special assessment or maint fee hike. You can learn a lot more about the people doing the voting on your behalf. No one has to remain in the dark unless they so choose.

I think there are certainly good and bad boards, good and bad owners. Likely a fair share of neutral parties. I'm pretty happy with how things are being done in my system - no nickel and diming, no annual rate hikes, regular communications, website with useful functionality, etc.

[shopgirl]

Our resorts do actively go after owners, at a cost of many thousands of dollars per year.

[Gigabyte]

I'm new to all this but I've been reading a ton and I still need a few questions answered if someone can. I'm interested in a points based system and I'm mainly looking at Sunterra.
When a TS is listed on Ebay for 4000 points with MF's of $530 are these the actual MF's? I understand that I don't get into Club Sunterra when I buy resale so should I deduct the $151 or so from the advertised fee? And what is the $119 base fee? Is that only when I transfer in a deeded fixed week TS into the club? So when I'm looking at Ebay resale TS's for sunterra should I deduct $270 from the advertised MF's to come out with the 7.3cents/pt. It works on some of the ebay items but not most.
I hope my question was clear. thanks in advance. I don't mean to take over someone else's thread but my question seemed to fit with the topic


(In the interest of keeping answers in one place to assist the OP and membership, please answer this question here.)

[samiam]

Thanks for all the explanation of MFs. It always seemed high, until you all opened my eyes of the "hidden extras".

Sam