Resorts that accept deedbacks

[Ridewithme38 Senior Member Find all posts View Profile Close Ridewithme38]

If they are corrupt it is because they are developer specially picked people who will go along with the developer's line.

If you've got no 'skin in the game' so to speak like some of the non-developer controlled HOA/POA/BOD members, they have no reason to do anything but Raise MF's and screw everyone. An employee of a Developer could lose their job if the resort isn't kept up to a level on keal with the brand...That resort isn't just a hole in the wall, it is a constant billboard for the company...a TS thats falling apart effects the companies bottom line...Stock owners aren't going to put up with that

I WISH more resorts were Developer Controlled, then you wouldn't end up with the falling down poor quality resorts that are mark of an Owner controlled Resort

These POA/HOA/BOD Board members really need to be thrown out...and replaced by Developers that actually CARE about the resorts

[Ridewithme38 Senior Member Find all posts View Profile Close Ridewithme38]

FWIW, if the knowledge that comes with real experience matters any more, this is the first mention in 25 years that I have seen of corrupt HOAs. It is, generally, a non-issue. Sure, there are some who have not had enough going into sinking funds, and stuff like that, but in our 120-plus exchanges, and in the units we own, getting updated has never been a problem.

When I took our rentor to our unit two weeks ago, which is a decked-out luxury condo to begin with, I remember saying, "Wow! Look at the new flat-screen!"

In our discussion about deedbacks, and dissolution, our units could be sold as full-ownership, fully-furnished, luxury condos, without anything being done to them. There is nothing chincy or motelley about them.

The least of the worries of the industry for now is the quality of the units.

I've got to call BS, i've only been Timesharing for about 3years and of my less then a dozen stays i'd say about half of them were ATLEAST Sub Par, equivalent to the worst hotel rooms i've EVER stayed in...I've seen microwaves held together by tape, stained walls, water stain/rust in showers/tubs, insects, sunken worn out couches and mattresses, no ammenities on site, etc....They were WAY below my standards...

Are you REALLY saying you've only ever stayed in the 4 seasons? Was it you or Carolina that was talking about 'working girls' and being offered 'drugs' right on TS Property?

[timeos2 Senior Member Find all posts View Profile Close timeos2]

If they are corrupt it is because they are developer specially picked people who will go along with the developer's line.

Tony - I have to agree that where you find mismanaged and overpriced fees it almost invariably turns out to be under Developer controlled HOA & management. It is THE biggest red flag to avoid an ownership at that resort or in that system. They simply cannot resist the temptation to treat the owners as a guaranteed return to their investors and they often do a poor job of management, despite the high cost, to boot. It's bad.

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

Did I hear mumbling?

Wastegate?

Orange Lake?

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Are you just playing troll or do you actually believe this?

The area I know best is the OBX, and the only developer controlled resorts in recent times there were the three Barrier Island Station resorts. The worst maintained resorts on the OBX were the two of those that were sold out. I think that is the worst possible combination, a sold out resort that still has a developer controlled board. One of those has broken away from the developer, finally, and it has shown significant improvements in terms of upgrads and maintainance since the developer has been out of the picture.

Then there are the member controlled resorts which have hired national management companies. From my observation, these national management companies are even more concerned about their reputation, and therefore do a good job, than a developer still in sales. Local management companies are a different story, as I have seen a couple of really bad ones, but that was a temporary situation, as the member controlled board took the appropriate step and fired them. There are also some decent local management companies.

Some of the best are the self-managed resorts, because the board members are more hands on because they really have to be. Because they are more on top of things, they tend to catch problems and address them earlier. Resorts that have moved from self-managed to a local management company tended to see a fall off in quality, and those that have moved the other way have generally seen improvements.

When I look at resorts I have owned at elsewhere that are member-controlled (and I will not own one where the developer is still in control), I have also seen consistent quality. My UK resort is member controlled and self managed and has always maintained its GC status. My SA resort and the other SA resort where I used to own, are member-controlled and self managed, and both improved their award status from standard resort, which they were when the developers got kicked out, to Silver Crown now.
My other European resort I used to own, was member-controlled with a hired management company, and it consistently maintained its Silver Crown status.

Since HOA's are non-profit corporations, there is no reason that the BOD of a member controlled resort would have any incentive to raise m/f's just to be raising them. By law they cannot take salaries or other renumeration from the HOA, so they cannot put the money in their own pockets. If they did they would be committing a felony. On the other hand, a developer than controlls both the board and the management, has a very easy way to raise fees to line its pockets, since the board they controll raises what they pay for management. Indeed, at two member-controlled resorts I have owned at, one other reason why there are no unjustified increases in m/f's is that the entire membership, not just the BOD, has to vote on approval of the budget.

If you've got no 'skin in the game' so to speak like some of the non-developer controlled HOA/POA/BOD members, they have no reason to do anything but Raise MF's and screw everyone. An employee of a Developer could lose their job if the resort isn't kept up to a level on keal with the brand...That resort isn't just a hole in the wall, it is a constant billboard for the company...a TS thats falling apart effects the companies bottom line...Stock owners aren't going to put up with that

I WISH more resorts were Developer Controlled, then you wouldn't end up with the falling down poor quality resorts that are mark of an Owner controlled Resort

These POA/HOA/BOD Board members really need to be thrown out...and replaced by Developers that actually CARE about the resorts

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Are you REALLY saying you've only ever stayed in the 4 seasons? Was it you or Carolina that was talking about 'working girls' and being offered 'drugs' right on TS Property?

Not me. I have never had that happen with a timeshare. I did with a Sheraton in the Caribbean once right outside the front door, on the hotel property. Also, at least the offer of working girls in Budapest at a respectable French hotel chain, and that offer was made by the front desk, complete with a photo album of availible options.

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

It just occurred to me the irony of HOA's that do not accept deedbacks because they are not in the business of selling them and Developers or groups that are selling them do not take them because they are in the business of selling them.?

That is a prime example of the passing the buck the industry has always done.

Why do we put up with crap like that?

[Ridewithme38 Senior Member Find all posts View Profile Close Ridewithme38]

Not me. I have never had that happen with a timeshare. I did with a Sheraton in the Caribbean once right outside the front door, on the hotel property. Also, at least the offer of working girls in Budapest at a respectable French hotel chain, and that offer was made by the front desk, complete with a photo album of availible options.

Thanks, I just added Budapest to my bucket list

sent from the bathroom using Tapatalk 2

[timeos2 Senior Member Find all posts View Profile Close timeos2]

It just occurred to me the irony of HOA's that do not accept deedbacks because they are not in the business of selling them and Developers or groups that are selling them do not take them because they are in the business of selling them.?

That is a prime example of the passing the buck the industry has always done.

Why do we put up with crap like that?

Which set of excuses makes more sense? Just sayin'

[ace2000 Senior Member Find all posts View Profile Close ace2000]

Which set of excuses makes more sense? Just sayin'

Does anyone think that most of the HOA's are going to take on this unwanted hassle? Nope. Especially since there's usually very little profit involved. And the the management at resorts that can turn a nice profit on their weeks usually do get involved. That's how it works.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

Does anyone think that most of the HOA's are going to take on this unwanted hassle? Nope. Especially since there's usually very little profit involved. And the the management at resorts that can turn a nice profit on their weeks usually do get involved. That's how it works.

Worse than "very little profit" when an Association takes on an ownership it is likely to cost the other owners money. Worse case scenario. It is the Developer and/or Management that is likely to have a way to sell it and possibly enjoy a profit not the Association.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

The good thing about a deed back program is that it makes for a more vital and active owner group. It seems inherent that management and the HOA should strive to make their resort fully owned and well run.

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

The good thing about a deed back program is that it makes for a more vital and active owner group. It seems inherent that management and the HOA should strive to make their resort fully owned and well run.

An active resale program at sold-out resorts is a step in that direction. A deed back program saves the cost of foreclosing. Some HOAs may not want to go there, but those that do may get a new owner for the unit rather quickly and perhaps increase the percentage of maintenance fees paid.

FWIW, our timeshare in Florida has appointed a board member to handle non-judicial foreclosure of delinquent accounts, as now allowed by law.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

An active resale program at sold-out resorts is a step in that direction. A deed back program saves the cost of foreclosing. Some HOAs may not want to go there, but those that do may get a new owner for the unit rather quickly and perhaps increase the percentage of maintenance fees paid.

FWIW, our timeshare in Florida has appointed a board member to handle non-judicial foreclosure of delinquent accounts, as now allowed by law.

There are other, and possibly better, ways to avoid the cost of foreclosure to the Association. Yes, someone would have to pay it but not necessarily the Association/Owners. If it isn't them then it would be some group that stands to benefit in some way from obtaining the ownership (and taking on the obligation for the fees) vs passing them onto the (usually) unwilling other owners. I repeat - why should the vast majority be penalized for the tiny fraction that want to be given an easy, no hassle way out? If they really are in a bad place there are ways - if not they should be handling the often difficult process of resale/give away themselves. They bought it - they agreed to the terms and the terms say they need to get another owner responsible to pay. It can't be any clearer or fairer. To say that somehow it suddenly becomes unfair because their situation may have changed is ridiculous. The excuses are just that - excuses.

[Ridewithme38 Senior Member Find all posts View Profile Close Ridewithme38]

I don't get it. How could an HOA/POA/BOD NOT have an active way to resell units or atleast an active rental arm? What do they do with the units they foreclose on? Just let them rot?

That seems like a common sense thing to me, one of the first things I check out when checking into a TS is when/where I can dispose of waste. Are these board members really that incompetent that they don't realize this?
sent from the bathroom using Tapatalk 2