TPCIIOwner
newbie
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- Jan 17, 2009
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My Phillips experience has been incredible
have been an owner for exactly one year of a one bedroom. Love everything about it including staff, unit quality, maintenance, location, value. We have used our unit over 75 days and in the year have only once not been able to get a reservation. Some have been within a week, but since you can have two reservations on the books at any time for up to 7 days AND can make another reservation the minute you check out, we have not had a problem. IN ADDITION to the two reservations you can have on the books, you can reserve another reservation of up to three nights at your size level if one is available. This third reservation must be made within five days of check in. If your unit size is not available you can reserve any unit size that is available for one or two nights 48 hours before check in.
Life is not a balance sheet -- and the "rate of return" or "rates per night" are tough to calculate because use is variable and projected returns on alternative investments is so unpredictable in these times. Since the economic crash when I do my calculations (given a 25% decline in my investment values), the cost on our per night use is probably negative!
I think the availability is high (except for peak weeks like the week before Christmas) because most people grossly overestimate how much they are going to use second homes, even if they are a fractional.
This is one of the best decisions I have ever made in my life because I have the best of all worlds: ownership for about what I need or what without purchase of an apartment that I would never use enough to justify it. Also, no politics of coop or condo board are involved here. You deal with professional sales, reservations, housekeeping and other staff.
have been an owner for exactly one year of a one bedroom. Love everything about it including staff, unit quality, maintenance, location, value. We have used our unit over 75 days and in the year have only once not been able to get a reservation. Some have been within a week, but since you can have two reservations on the books at any time for up to 7 days AND can make another reservation the minute you check out, we have not had a problem. IN ADDITION to the two reservations you can have on the books, you can reserve another reservation of up to three nights at your size level if one is available. This third reservation must be made within five days of check in. If your unit size is not available you can reserve any unit size that is available for one or two nights 48 hours before check in.
Life is not a balance sheet -- and the "rate of return" or "rates per night" are tough to calculate because use is variable and projected returns on alternative investments is so unpredictable in these times. Since the economic crash when I do my calculations (given a 25% decline in my investment values), the cost on our per night use is probably negative!
I think the availability is high (except for peak weeks like the week before Christmas) because most people grossly overestimate how much they are going to use second homes, even if they are a fractional.
This is one of the best decisions I have ever made in my life because I have the best of all worlds: ownership for about what I need or what without purchase of an apartment that I would never use enough to justify it. Also, no politics of coop or condo board are involved here. You deal with professional sales, reservations, housekeeping and other staff.
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