Maintenance fee observation

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

My TUGger/golfer/boater/lake/FL vacation buddy made a crack about our maintenance fees being a little high . . . on the timeshares we own to get golf at the local country club development. So I looked at the TS fee breakdown.

Each week pays a $102 POA fee . . . After the TS fee is totaled, $102 is tacked on to go to the development's POA. So, each TS unit pays $5100/year to the POA. That money does not pay for anything relating solely to the TSs.

OTOH, each property owner . . . from a lot to a $2 million house . . . pays $100/month . . . . $1200/year.

Does that seem right?

In another comparison, there are at least three condo COAs in the development, too. Depending on the unit size, they pay $100-$160/month COA fee.

The TS fee is $466 per week. That's $1941 per month!

Really!?

[zdxlc9p6 Senior Member Find all posts View Profile Close zdxlc9p6]

What's a POA?

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

CMV Owners?

POA is Property Owners Association.

I would like to hear from CMV owners, or any owners whose timeshares are located within a private development, so that they pay a POA fee in addition or on top of or added to the bottom of, their TS maintenance fee.

How much of your annual fee is budgeted to the POA?

Not to beat it to death, but those with $1 million homes in the development I am talking about only pay $1200/year, while each TS unit pays more than $5000.

Another example in the same development are 2, 3, and 4 bedroom nightly rental lodges. They only pay $100/month to the POA (I think), but they have the same comings and goings as the TSs, if that is the criteria.

The TSs are subsidizing the other property owners by paying disproportionately.

[bnoble Senior Member Find all posts View Profile Close bnoble]

You could imagine that it works out well "per use" though---someone who lives there year round may or may not be golfing every week. Someone who is only there for a week is probably going to golf 3-4 times for sure, and maybe every day.

-brian, always looking for a bright side.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

From another forum I have learned this is a difficult concept to grasp . . . I guess. Probably because so few are in a situation where they have a POA, so understand what it does.

Golf has nothing to do with this. Everyone pays for golf separate from the POA fees.

The POA fees pay for the operation of the development, you know, maintaining the infrastucture, paying the POA employees, and stuff like that.

You could imagine that it works out well "per use" though---someone who lives there year round may or may not be golfing every week. Someone who is only there for a week is probably going to golf 3-4 times for sure, and maybe every day.

-brian, always looking for a bright side.

[bnoble Senior Member Find all posts View Profile Close bnoble]

Ah, never mind then. I was assuming this was a "golf-included" kind of thing. The country club development bit threw me.

In that case, I've got no answers.

Edited to add: this is what threw me...

I would like to hear from CMV owners,

I had just finished the CMV Timbers UDI thread about including greens fees...and got the two threads confused.

http://www.timeshareforums.com/forum...-question.html

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

I utilized my most reliable source . . . me.

I checked with two of the other developments that the same developer did, with their POAs, and found out what their property owners pay in POA assessments. But they were clueless as to what the timeshares pay.

One of those calls led me to the person with the timeshare company who does the budgeting, billing, collecting and paying . . . the horse's mouth. He was very helpful and had a fountain of information at his fingertips (which would probably be hard to hide in public places ).

In one sister development the monthly POA fee for all property owners is $32 and each TS owner pays $7.95. In the other sister development, the POA fee for property owners is $26 per month and each TS owner pays $6.06.

Of course, that is exactly what I would expect it to be.

However, in the development that I was checking on, to begin with the monthly POA fee for property owners is a lot higher, $103.41/month.

One section of TS pays $53.06/week, a little over twice the levy, and the section we are in pays $101.58/week, a little over four times the levy. This guy told me the amount he pays to the POA for those 15 or 16 units, $74661 per year, and that is what around 60 regular property owners would pay.

The bite of it is that the section of timeshare that pays more get year-round amenities benefits (golf, for instance), which is why I was looking into to begin with. However, those owners pay around $500 more per year for unlimited golf. Now that I see the figures, that does not appear to be justified, cuz those timeshare owners are more than paying their way with the POA, for the number who actually golf year-round.

The developments also has a plethora of nightly rental investment condos, properties that would have the same comings and goings as the timeshares, and they pay the same assessment as regular property owners, $103.41 per month. That info came from their COA.

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A comment from one of the POA people I talk to was that the timeshare sales people are long gone. That makes me wonder how many unsold weeks there are and what benefit there may be in reducing fees by finding owners for them some way.

Another question for another day.
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I also discovered an opening on the board, the secretary/treasurer, and offered myself up.