Maintenance Fees
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Original Message:
Re: Maintenance Fees (by C T.):
adahiscout wrote:Your right MD, All you just listed is why are fees are where they are. People who can't afford the taxes should rent, as I said Timeshare owership is a luxury and not everyone can afford the luxury of vacationing at these top of the line condos. Everyones situation is different.ct20 wrote:I live in New York I am used to high fees & taxes. As I see it everyone is calculating maint fees but what your not calculating are property taxes which are high all over the world, especially in vacation hot spots. Yes, my fees have gone up but I have expected this, It keeps up my property, the, payroll, promo ads & property taxes, this is your investment and it must be kept up to keep it value. Besides the management must make a profit or your units can go bankrupt. Employee payroll gives you the level of service you want. People do alot of normal wear and tear damage and some do alot of damage so if fees were small you would see alot more wear & tear on YOUR property & the worth of your condo down. But do check up on the property managment there alot that don't know how to manage. You can email most of them your questions & the good ones should reply. I belong to consolidated Resorts and they seem to hold down costs as much as possiable. But costs do go up and timeshare vacations are luxuries.Too true. I recently received a 2006 Audit report from one of our resorts and was amazed at all it contained. Out of $17,994,457 total expenses for the year, only $2,261,709 were the expected "Repairs and Maintenance" under Operating Expenses and $1,417,885 under "Replacement". Other item included Front Desk, housekeeping, recreation, telephone, grounds maintenance, Utilities, property tax, income tax, insurance, security, resort management, etc. They all need to be paid and the owners pay them. (Who else?) All these things are needed or your resort becomes just an apartment in a run down neighborhood.
MD