[OFFICIAL Starwood Thread:] 2015 Maintenance Fees

scootr5 · Sep 29, 2014

*** Please post your maintenance fees in the database - click here: DATA BASE

Thanks again, Nico, for providing this valuable service to Starwood owners!
----------------------------------------------------------------

I just received our 2015 invoice for SBP. It was quite pleasing to only see a $5 increase!

I would post them to the database, but it seems that it doesn't have a place set up yet for 2015 fees.

Sugarcubesea · Sep 29, 2014

scootr5 said:
I just received our 2015 invoice for SBP. It was quite pleasing to only see a $5 increase!

I would post them to the database, but it seems that it doesn't have a place set up yet for 2015 fees.

Thank for the info….

I hope someone is able to post / share the SDO MF's for 2015

DeniseM · Sep 29, 2014

Nico said he will activate 2015 later today.

We probably won't have the 2015 SDO billing for another month or two. It was due Jan. 9 last year.

*Last year, the first post about SDO MF's was Nov. 10th.

maggiesmom · Oct 19, 2014

2015 Proposed Budget

I just received my 2015 SVR statement and I see that the operating expenses and the reserves went up (normal), but I can't understand is (basically) how much its gone up

.
The figure's they have boggle my mind. Can someone (in very simple terms) explain this to me. TIA :hi:

I have EOY 2/2 and pd $409.62 (did not pay to the ARDA-ROC contribution), so how do I figure out what I might owe in 2015??.

YYJMSP · Oct 19, 2014

Which phase?

I still only see projected amounts (ie same as last year) for Cascades and Spas...

DeniseM · Oct 19, 2014

maggiesmom said:
I have EOY 2/2 and pd $409.62 (did not pay to the ARDA-ROC contribution), so how do I figure out what I might owe in 2015??.

We probably won't know until we get the MF bills.

maggiesmom · Oct 19, 2014

2015 budget

Sorry :doh:

, I forgot to put that in - cascades section

YYJMSP said:
Which phase?

I still only see projected amounts (ie same as last year) for Cascades and Spas...

( Thanks DeniseM for moving this)

YYJMSP · Oct 19, 2014

maggiesmom said:
Sorry , I forgot to put that in - cascades section

I assume that means you got the proposed budget in the mail? I think most times that is what has actually been adopted and billed in Oct/Nov when the MF invoices finally go out.

There should be line items for Maintenance Fee Revenue and Reserve Fee Revenue, organized in columns for unit sizes (for annual ownership). That may give you a reasonable indication of what the MFs may be, not including property taxes...

djyamyam · Oct 20, 2014

2015 Sheraton Desert Oasis MFs posted

The 2015 SDO fees have been posted. Overall, it is a 2.9% increase over last year. The offsetting debit/credit associated with the previous special assessment is a bit disconcerting - I interpret the paraphrasing to mean they were off on their original forecasts.

Quiet Pine · Oct 21, 2014

Sugarcubesea said:
I hope someone is able to post / share the SDO MF's for 2015

Email this morning directing me to MyStarCentral for annual maintenance fee bill.
2BR 2BA lockoff EOY:
$496.84 operating assessment
93.44 replacement reserves
$590.28 total (excluding ARDA-ROC)

Last year was $569.02. I expected this year to decrease now the renovation is completed, but it's up $21.26 or 4%.

DeniseM · Oct 21, 2014

There was "supposed" to be a 12% reduction in the MF in 2015 - I said all along that it would never happen... Remember: the higher the MF - they more Starwood makes - they get a % of the MF.

Here is a 2011 post from the (then) president of the BOD at SDO discussing the reduction:

holoholo said:
I would like to provide some clarity on topics related to the SDO board, which is actually called Scottsdale Pinnacle Owners Association.

1. In October, the board approved a revised reserves plan to accelerate refurbishment of kitchens and baths to 2013 and 2014. This work will be combined with the work required to bring us into compliance with the Americans with Disabilities Act. The current estimate is $17 million. We have $10 million in reserves. To cover the additional cost, maintenance fees were increased about 7% in 2012 and will increase over the next 2 years as follows: 12% (2013), 8% (2014). Then in 2015, there will be a 12% reduction in maintenance fees.

http://www.tugbbs.com/forums/showpost.php?p=1364395&postcount=97

PassionForTravel · Oct 21, 2014

I think the key is in the budget that djamyam posted above. Looks to me like they went over budget with the renovation and had to clear up a deficit from last year and this year.

Ian

DeniseM · Oct 21, 2014

PassionForTravel said:
I think the key is in the budget that djamyam posted above. Looks to me like they went over budget with the renovation and had to clear up a deficit from last year and this year.

Ian

If that's true - it should go down next year...

PassionForTravel · Oct 21, 2014

Yeah, like you I'll believe that when I see the bill.

YYJMSP · Oct 22, 2014

YYJMSP said:
I assume that means you got the proposed budget in the mail? I think most times that is what has actually been adopted and billed in Oct/Nov when the MF invoices finally go out.

There should be line items for Maintenance Fee Revenue and Reserve Fee Revenue, organized in columns for unit sizes (for annual ownership). That may give you a reasonable indication of what the MFs may be, not including property taxes...

Got my SVR Cascades and Spas proposed budgets in the mail today.

Cascades 2BR L/O is up approx. 2.8% over last year ($940.52 vs $914.58, excluding SVN and property taxes)

Spas 2BR is up approx. 2.9% over last year ($717.51 vs $697.16, excluding SVN and property taxes)

So I'm guessing we'll see around 3% increases over last year, which turns in to around a 7% increase after taking in to account currency fluctuation for those of us in Canada...

DavidnRobin · Oct 26, 2014

Just got the WSJ-VGV proposed budget for 2015 - which has been the final budget for the most part. Note: small decrease - again.

Studio - $1420.57
1Bd - $1894.16
2Bd TH - $2367.74
2Bd Prem - $2841.14
3Bd pool - $2841.34

Sugarcubesea · Oct 26, 2014

Quiet Pine said:
Email this morning directing me to MyStarCentral for annual maintenance fee bill.
2BR 2BA lockoff EOY:
$496.84 operating assessment
93.44 replacement reserves
$590.28 total (excluding ARDA-ROC)

Last year was $569.02. I expected this year to decrease now the renovation is completed, but it's up $21.26 or 4%.

Thanks so much...

DeniseM · Oct 27, 2014

SVR: Falls - Annual 2 bdm.

I am not 100% sure, but it looks like the MF is going DOWN this year.

I just received the proposed budget stating a 2015 MF of $810.67.

According to my records, we paid $850.73 last year - that's a reduction of $40.06.

Bad Debt = $53.11 - still too high!

Ken555 · Oct 27, 2014

DeniseM said:
I am not 100% sure, but it looks like the MF is going DOWN this year.

I just received the proposed budget stating a 2015 MF of $810.67.

According to my records, we paid $850.73 last year - that's a reduction of $40.06.

Bad Debt = $53.11 - still too high!

Which resort?

Sent from my iPad

DeniseM · Oct 27, 2014

Ken555 said:
Which resort?

Sent from my iPad

the one in the title of my post

Ken555 · Oct 27, 2014

DeniseM said:
the one in the title of my post

You mean the title which doesn't display in Tapatalk?

Sent from my iPad

DeniseM · Oct 27, 2014

Ken555 said:
You mean the title which doesn't display in Tapatalk?

Sent from my iPad

Yeah, that one….

scootr5 · Oct 27, 2014

DeniseM said:
the one in the title of my post

Post titles don't show when reading with tapatalk

DeniseM · Oct 27, 2014

Wow - that's inconvenient! I guess we will have to ask everyone to copy and paste their title into their message.

It's Sheraton Vistana Resort - 2 bdm. - Falls - annual

Ken555 · Oct 27, 2014

DeniseM said:
Wow - that's inconvenient! I guess we will have to ask everyone to copy and paste their title into their message.

It's Sheraton Vistana Resort - 2 bdm. - Falls - annual

Very few people on TUG use titles. There are other items we don't see - for instance, the number of posts, where you're from, etc.

Sent from my iPad

[OFFICIAL Starwood Thread:] 2015 Maintenance Fees

scootr5

TUG Review Crew: Veteran

Sugarcubesea

TUG Review Crew

DeniseM

maggiesmom

YYJMSP

DeniseM

maggiesmom

YYJMSP

djyamyam

TUG Review Crew

Attachments

Quiet Pine

TUG Review Crew: Expert

DeniseM

PassionForTravel

TUG Review Crew

DeniseM

PassionForTravel

TUG Review Crew

YYJMSP

DavidnRobin

Sugarcubesea

TUG Review Crew

DeniseM

Ken555

TUG Review Crew: Veteran

DeniseM

Ken555

TUG Review Crew: Veteran

DeniseM

scootr5

TUG Review Crew: Veteran

DeniseM

Ken555

TUG Review Crew: Veteran