2022 Maintenance fees

[Sloane S]

I searched, but saw no other thread. The first of my Wyndham invoices arrived yesterday.

Avenue Plaza, New Orleans, LA
1 bedroom - $872.55
Studio - $677.08

4.8% increase, mostly attributed to a $4.2 million upcoming project to replace all of the 72 year old water and sanitary piping and infrastructure in the building

 

[KimmieM]

I searched, but saw no other thread. The first of my Wyndham invoices arrived yesterday.

Avenue Plaza, New Orleans, LA
1 bedroom - $872.55
Studio - $677.08

4.8% increase, mostly attributed to a $4.2 million upcoming project to replace all of the 72 year old water and sanitary piping and infrastructure in the building

Nothing like a kick in the nuggets. Breathe in and say foosbaba!

 

[chapjim]

I searched, but saw no other thread. The first of my Wyndham invoices arrived yesterday.

Avenue Plaza, New Orleans, LA
1 bedroom - $872.55
Studio - $677.08

4.8% increase, mostly attributed to a $4.2 million upcoming project to replace all of the 72 year old water and sanitary piping and infrastructure in the building

Sounds more like something for a special assessment. If it's a one off thing, MF should go back down. Wanna bet?

 

[bnoble]

4.8% increase

Given the increase in wages in most places in the US, I expect this to be a pretty typical number.

 

[Sloane S]

Sounds more like something for a special assessment. If it's a one off thing, MF should go back down. Wanna bet?

Not a bet I’m going to take. They said that project was responsible for about 30% of the increase.

I also received a letter today offering for a limited time to convert my Avenue Plaza week to points, at no cost. The problem with that for event week owners is that it takes away your right to reserve anything but your deeded week. If Mardi Gras did not fall on week 9 in the year, I would have no reservation priority.

 

[chapjim]

I had two fixed weeks at a different N.O. resort and both weeks were possible Mardi Gras weeks. Unfortunately, nothing in any of the paperwork indicated that if Mardi Gras fell on my week, I'd get a different week. I offloaded both weeks.

 

[Eric B]

Wyndham Bali Hai 2022 fees:

Standard Points:
Operating Fee = $3.20/1,000
Reserves = $0.72/1,000
Total = $3.92/1,000 = 2.08% increase

Designated Points (PR):
Operating Fee = $3.80/1,000
Reserves = $0.70/1,000
Total = $4.50/1,000 = 0.45% increase

I didn't update the spreadsheet at https://docs.google.com/spreadsheets/d/1RUiHuxPdShXWp3OM2PiXf1_WDzHiv3Ickz1_o5ssiv4/edit#gid=0

Source:

http://media.campaigner.com/media/60/600565/224077_Wyndham_BHVVOA_2022%20Budget.pdf

 

[Jethro37]

I had two fixed weeks at a different N.O. resort and both weeks were possible Mardi Gras weeks. Unfortunately, nothing in any of the paperwork indicated that if Mardi Gras fell on my week, I'd get a different week. I offloaded both weeks.

You don't like making money?

 

[chapjim]

You don't like making money?

I like very much making money but it was next to impossible to rent these units for the ever-rising maintenance fees.

 

[Sloane S]

I didn't update the spreadsheet at https://docs.google.com/spreadsheets/d/1RUiHuxPdShXWp3OM2PiXf1_WDzHiv3Ickz1_o5ssiv4/edit#gid=0

I didn't update the spreadsheet with mine either because it said I had "view only" privileges, unable to edit.

 

[Eric B]

I requested edit privileges to update it; had them granted but couldn't figure out how to update it. Tried typing in the numbers, but couldn't get it to work. Hopefully someone else can update it.

 

[keno999]

Wyndham Waikiki Beach Walk

Your Board of Directors has approved the following 2022 Annual Maintenance Fees for the Waikiki Beach Walk Vacation Owners Association with a 10% increase. This equates to an increase of 53 cents per 1,000 points of ownership. Some highlights of the budget are as follows:

• The annual reserve contribution is the biggest contributor at 32.2% to ensure adequate funding is available for our upcoming refurbishment.
• Bad Debt Expense has an increase of $68K or 54.6% based on the current trend of increased delinquencies. 2021 actuals is forecasted to be 25% higher than budget
• A $450K operating surplus was budgeted in 2021 but no surplus utilized is budgeted for 2022.

 

[AtlasRse]

Keno999, kindly advise of the actual MF's for 2022 and I will update in the History S/S.

Eric B. ... I have updated Bali Hai accordingly for 2022 in the History S/S ....

Thanks Guys !

 

[keno999]

Wyndham Waikiki Beach Walk

Your Board of Directors has approved the following 2022 Annual Maintenance Fees for the Waikiki Beach Walk Vacation Owners Association with a 10% increase. This equates to an increase of 53 cents per 1,000 points of ownership. Some highlights of the budget are as follows:

• The annual reserve contribution is the biggest contributor at 32.2% to ensure adequate funding is available for our upcoming refurbishment.
• Bad Debt Expense has an increase of $68K or 54.6% based on the current trend of increased delinquencies. 2021 actuals is forecasted to be 25% higher than budget
• A $450K operating surplus was budgeted in 2021 but no surplus utilized is budgeted for 2022.

Keno999, kindly advise of the actual MF's for 2022 and I will update in the History S/S.

Eric B. ... I have updated Bali Hai accordingly for 2022 in the History S/S ....

Thanks Guys !

Wyndham Waikiki Beach Walk for 2022

Operating Fee = $3.86/1,000
Reserves = $1.38/1,000
Real Estate & Property Taxes = $0.40/1,000
Condo/AOAO Dues = $0.17/1,000
Total = $5.82/1,000

Hopefully, I got that correct.

 

[Eric B]

Eric B. ... I have updated Bali Hai accordingly for 2022 in the History S/S ....

Thanks Guys !

Thanks for updating! Not sure why it didn't work for me.

 

[cowboy]

Does anyone know how to find out what the 2022 maintenance fees are for Kona Coast Resort and when the billings will go out?

 

[TheHolleys87]

Does anyone know how to find out what the 2022 maintenance fees are for Kona Coast Resort and when the billings will go out?

Just received ours for Kona Coast 2. We have 2 deeded weeks, floating 51-16. Total fees are $2837.50.

 

[r4rab]

Haven't received anything in the mail yet but just got off the MVC owners annual meeting.
Margaritaville MFs are going up 1.2% for 2022: 6.80 ==> 6.88 per thousand
Margaritaville PR MFs are going down 0.4% for 2022: 7.13 ==> 7.10 per thousand
This is excluding program fees.
I'm not sure how to add this to the sticky...

 

[jebloomquist]

15.0%, 11.6%, 11.5%, 9.2%, 9.2%, 8.7%, 8.0%, 6.0%, 6.0%, 6.0%, 5.7%, 5.7%, 5.7%, 5.7%, 5.7%, 5.7%, 5.7%, 5.7%, 5.7%, 3.9%, 3.9%, 3.9%, 3.9%, 3.9%, 3.7%, 3.2%, 3.2%, 3.2%, 2.3%, 2.3%, 2.2%, 2.2%, 2.2%, 2.2%, 2.2%, 0.3%
What's this? The percent increase 2021 to 2022 for my contracts. This is definitely time to unload contracts.

 

[55plus]

15%, etc., increase in maintenance fee is crazy high. What resort contracts do you own?

 

[bnoble]

My annual assessments "are not available at this time." I made some changes to my ownership in the past year, so that might have something to do with it.

 

[Sloane S]

My annual assessments "are not available at this time." I made some changes to my ownership in the past year, so that might have something to do with it.

I haven't bought or sold any contracts in the last couple of years, and mine says the same thing. The 2021 PDF was there until Tuesday morning, when it was replaced by that message. We used to get the letter in late November with the upcoming year's rates, but it has been much later the last 3 or 4 years.

 

[Melder]

15%, etc., increase in maintenance fee is crazy high. What resort contracts do you own?

There's a screenshot in another thread... https://tugbbs.com/forums/threads/maintenance-fee-payments.329540/post-2705381

 

[Sandy VDH]

My annual assessments "are not available at this time." I made some changes to my ownership in the past year, so that might have something to do with it.

No change in ownership and mine is gone too. I was trying to total up my anticipated 2022 MFs, but Wyndham is a blank.

 

[WyndhamBarter]

“Your yearly assessment summaries cannot be displayed right now. Please try again later.”

Same here. Oct UY on 4 contracts, all developer, all UDI. No recent changes. Curious.