Owners Association Voting

[triangulum33]

Once again I'm at a total loss on what my different voting options mean to me as an owner.
I dont know any of the names on the ballot or the impact of Board majority or directors that are present.

 

[DeniseM]

In a nutshell - Vistana has this board completely under their thumb, which means, when they don't get a quorum for the election (and they won't) Vistana will tell the board who to choose, and the board will select whoever Vistana wants. In addition to that, Vistana vets all the applications for the board, and hand selects their candidates, so they are all going to be Vistana picks anyway.

 

[triangulum33]

[political post deleted]

 

[cubigbird]

Is there any way to make a movement to make a quorum? I'm sure it would be A LOT of work but if deeds are public record you should be able to find names of owners. Getting contact information would be the even harder part. I'm sure this is just dreaming....

FWIW, I have not been unhappy with the BOD at my current ownerships. The resorts seem to be well run in terms of financially and upkeep. It appears that those of us that own at WLR our maintenance fees went down for 2017.

 

[okwiater]

FWIW, I have not been unhappy with the BOD at my current ownerships. The resorts seem to be well run in terms of financially and upkeep. It appears that those of us that own at WLR our maintenance fees went down for 2017.

WLR has benefited from the plummeting Mexican peso. If it were being maintained with dollars it would probably be going up. And if the exchange rate ever reverses, the MFs could easily double. Not saying that will happen, just that you can't necessarily credit the BOD for a decreasing MF.

 

[DavidnRobin]

Is there any way to make a movement to make a quorum? I'm sure it would be A LOT of work but if deeds are public record you should be able to find names of owners. Getting contact information would be the even harder part. I'm sure this is just dreaming....

FWIW, I have not been unhappy with the BOD at my current ownerships. The resorts seem to be well run in terms of financially and upkeep. It appears that those of us that own at WLR our maintenance fees went down for 2017.

In someways - the WSJ thread (#1) was started due to lack of quorum (and IMO, inability to attain one)

 

[cubigbird]

WLR has benefited from the plummeting Mexican peso. If it were being maintained with dollars it would probably be going up. And if the exchange rate ever reverses, the MFs could easily double. Not saying that will happen, just that you can't necessarily credit the BOD for a decreasing MF.

True the peso has devalued leading to a decrease in fee. I'm not also saying yearly MF increases are necessarily acceptable either. I go to my resorts each year with very little exchanges. I have noticed, and do make a point to take notice, though that the resorts are generally well maintained and reviewing the financials each year there seems to be adequate reserves. I generally am not upset at the BODs of my resorts. I'm not jumping for joy for them either but they seem to be run better financially and maintained better than most resorts out there. So, there are doing SOMETHING right.

I just wish there was more of a quorum at the annual meetings. They also do a horrible job notifying people too (I wonder why?? - sarcasm).
That's one of those things, if there was more transparency there would be quorums. I for one would like my vote to actually count, but am aware it really doesn't.

 

[YYJMSP]

WLR has benefited from the plummeting Mexican peso. If it were being maintained with dollars it would probably be going up. And if the exchange rate ever reverses, the MFs could easily double. Not saying that will happen, just that you can't necessarily credit the BOD for a decreasing MF.

Exactly, we find, as Canadians, our yearly MF bill is more affected by changing exchange rates than the actual MF changes. We've had years where the MFs were up say 5% but our cost after exchange was up 25%.

 

[PaddyMac]

Yes YYJMSP, this year being one of those years. The Loonie is taking a beating, with [election bump] and FedReserve looking to make multiple rate hikes in the next year and the BOC possibly decreasing rates at home, this exchange will definitely get worst before it gets better. Gone are the years of almost CDN/US parity.

Remember the years of 65 cents in the late 90s... man those were awful for MF fees.