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Re: Maintenance Fees (by Jeff R.):

eric572 wrote:

jeffr92 wrote:

Jay Jay says the answer is to get rid of them and just rent. That will work until every one gives them up and then there is no one to rent from. And then we have the gall to say they are charging us too much to rent for a week. Give me a break!

Stop and think before you type to hear yourself typing. Now maybe we'll give the developers a break thisweek and trash the exchange companies. Next week we'll change up again and talk trash on Redweek.

Are you that perfect? I think not!

Jeff

So obviously you represent a resort.

1. If you sell your timeshare to someone that means someone else has BOUGHT the timeshare! so the Maint. fees will be paid regardless. So there will never be a shortage of rentals EVER!

2. Most resorts sell 50 of the 52 weeks available on each room. (they factor 2 weeks in down time and maintenance) So say a resort has 100 units. Say the resort charges $10,000 for each week (i'm sure thats a low number). Just for the purchase they recovered $500,000 per unit. Now multiply that by 100 & thats $50 Million dollars!

Lets do some more math. lets say on the low side the maint. fees are $500 a year. Multiply the 500 X 50 = 25,000 (thats how much they make per unit per year) now multiply the 25,000 X 100 (total units in building) you get $2.5 million!

Resorts are in business to make money, and annual Maintenance fee's are the biggest money maker!

first off, the timeshares will from now on be a fixed number and all wear out if it only comes down to resale. Think about it.

Secondly, I don't know how it is with your timeshares, but the maintenance fees are controlled by the owners association which have annual meetings to decide what the fees will be. The developer only sits in as a rep at these meetings and doesn,t have a controlling interest. So where does all this profit go, to the owners? I guess we know how involved with their own owner's associaton a person is who would make such a statement.

Finally, of course the developers are in it for a profit, duh! Tell me what product anywhere is not in it for the profit. Everything you buy has a mark-up. Otherwise why do it in the first place? Do we work for free? Are we not thinking of that next raise? Does that make us bad?

One thing I have noticed is the accusations people sling very quickly about if you are involved with developers or exchange companies. I will come clean about myself.

I have been an owner of timeshares for going on 8 years now. I bought in with an every other year contract at the beginning because it was all I could afford. I heard of resale shortly after that and did the necessary research to get the scoop and find out how much I can save. I also looked at it to see what I would lose as far as developer perks. AFTER all my research, I decided to add more time 4 more times all from the developer at retail because I wanted all those perks. I did it only as I could afford it each step of the way. The last time was in Sept. 2006.

I am so happy with the company I am with, that I decided to seek employment just recently and have been employed for a total of 3 weeks, but the mentality that I have comes from the 8 years of satisfacion as an owner. An informed one that has done his homework.

I've done the math and am realistic what things cost today. 2.5 million is not alot when it comes to these properties as far as upkeep maintaining them at gold crown status and paying all those salaries and utilities and taxes. I guess I was busy studying up on these things while everyone was doing their griping and complaining.