[OFFICIAL Starwood Thread:] 2015 Maintenance Fees

[Sloane S]

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


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

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]

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]

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


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]

Which phase?

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

 

[DeniseM]

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]

2015 budget

Sorry , I forgot to put that in - cascades section

Which phase?

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

( Thanks DeniseM for moving this)

 

[YYJMSP]

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]

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]

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]

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:

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]

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]

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]

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

 

[YYJMSP]

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]

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]

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]

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]

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]

Which resort?


Sent from my iPad

the one in the title of my post

 

[Ken555]

the one in the title of my post

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


Sent from my iPad

 

[DeniseM]

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


Sent from my iPad

Yeah, that one….

 

[Sloane S]

the one in the title of my post

Post titles don't show when reading with tapatalk

 

[DeniseM]

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]

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