2012 - Please post your 2012 Starwood maintenance fees here

[pathways25]

Westin Kaanapali Ocean Resort Villas North - 2BR LO EOY

Current Year Charges

Maintenance Fee(s) $ 1,192.28
Tax - If Applicable $ 0.00
Membership Fee - If Applicable $ 0.00
Other* $ 0.00
Interest $ 0.00
Late Fees $ 0.00
ARDA ROC PAC Contrib.** $ 0.00

Sub-Total
Current Year Charges $ 1,192.28
Less Payments*** $ 0.00
Total Due $ 1,192.28


Net of SVN and ARDA is $1,192.28, an increase of $15.07 (1.3%).

 

[pathways25]

Sheraton Vistana Villages, Key West phase - 2BR annual

Current Year Charges

Maintenance Fee(s) $ 978.11
Tax - If Applicable $ 110.96
Membership Fee - If Applicable $ 125.00
Other* $ 0.00
Interest $ 0.00
Late Fees $ 0.00
ARDA ROC PAC Contrib.** $ 5.00

Sub-Total
Current Year Charges $ 1,219.07
Less Payments*** $ 0.00
Total Due $ 1,219.07


Net of SVN and ARDA is $1,089.07, an increase of $118.62 (12.2%)!

 

[letsgomets]

WSJ BV

2BR - $1,731.12
2BR/loft - $1,968.10
3BR - $2,086.59

roughly 30% is above line expenses - condo common (54 units). 70% is below line - vacation ownership (41 units). don't know why the # of units is different.

 

[Ridewithme38]

Woot! My first MF bill EVER!

Sheraton Broadway Plantation
2br Every ODD Year - Plantation phase

2012 Operating Assessment - $364.60
2012 Replacement Reserve - $196.73
2012 ARDA-ROC PAC Contribution - $5.00

Total $566.33

Percentage increase from last year = I don't know, i didn't own last year!

 

[PamMo]

$125 for single week
$158 for multi-week

Taxes added to SVN fees? My amounts are $130.21 for first week and $34.38 for second week, for a total of $164.59.

 

[YYJMSP]

Taxes added to SVN fees? My amounts are $130.21 for first week and $34.38 for second week, for a total of $164.59.

If your first purchase(s) with SVO are in Hawaii, there's sales tax on the SVN fee.

I had previously had them swap the order of my units to get around that, but then they swapped them back saying we weren't allowed to do that...

 

[kcoleman]

Sheraton Broadway Plantation - Annual Float 1 Bdrm Villa

2012 Operating Assessment - $413.96
2012 Replacement Reserve - $223.36 (ouch!)

Total: $637.32

 

[C30NY]

EOY 2BR @ SVV Bella

2BR EOY @ SVV (Bella)

$546.41 (includes Tax, does not include SVN fee)

Current Year Charges

Maintenance Fee(s) $ 486.31
Tax - If Applicable $ 60.10

Membership Fee - If Applicable $ 125.00
Other* $ 0.00
Interest $ 0.00
Late Fees $ 0.00

ARDA ROC PAC Contrib.** $ 5.00
Sub-Total
Current Year Charges $ 676.41

Total Due $ 671.41

 

[hefleycatz]

SVV Key West - 2 bdrm l/o

Prior Year Tax Credit ($ 30.54)
2012 Operating Assessment $1073.60
2012 Replacement Reserve $ 216.59
2012 Estimated Real Estate Tax $ 141.03
2012 SVN Membership Fee $ 125.00
2012 ARDA-ROC Pac Contribution $ 5.00

TOTAL DUE $1530.68


OUCH!!!! That hurts

lee

 

[KACTravels]

SVV Springs - 2BD
Current Year Charges
Maintenance Fee(s) $ 767.33
Tax - If Applicable $ 61.12
ARDA ROC PAC Contrib.** $ 5.00
Current Year Charges $ 833.45

 

[KACTravels]

WKORN-N 2BDLO
Current Year Charges
Maintenance Fee(s) $ 2,344.56
Membership Fee - If Applicable $ 130.21
ARDA ROC PAC Contrib.** $ 5.00
Sub-Total
Current Year Charges $ 2,479.77

2012 annual Forecast for operating plan and Budget Category
Average $/Unit Week Increase/(Decrease)
Details
*overall $30: 1.3% increase in total assessments. key areas of change are noted below.
*prior Year (surplus)/Deficit reduction: ($100) Driven by the 2010 and 2011 tax settlement with Maui county.
*ad Valorem/real estate taxes: ($66) savings due to reductions in property valuations.
*special projects: $55 For modifications necessary to comply with recent federal legislative changes in the americans with Disabilities act.
*reserves: $54 Funding required to achieve reserve expenditure plan.
*Gas: $32 increased cost of liquid propane coupled with reduced consumption due to energy conservation measures.

 

[Pedro]

Lakeside Terrace Two-bedroom unit - Regular Season

2012 Operating Assessment: $ 849.39
2012 Replacement Reserve: $ 199.38

Lakeside Terrace Two-bedroom unit - Shoulder Season

2012 Operating Assessment: $ 500.11
2012 Replacement Reserve: $ 117.75

 

[grgs]

Westin Kierland 2 bedroom LO Annual

Prior Year(s) Tax Credit ($8.49)
Operating Assessment $1076.66
Replacement Reserve $164.80
Estimated Real Estate Tax $47.67
Membership Fee - If Applicable $ 0.00
ARDA ROC PAC Contrib. $ 0.00 (removed since I don't pay this)
Sub-Total
Current Year Charges $1289.13

(2011 mf was $1216.08; so a 6% increase)

The newsletter accompanying the mf bill states that the increase is 5.8%.

Glorian

 

[grgs]

Westin Kierland 1 Bedroom Premium Annual

Prior Year(s) Tax Credit ($36.71)
Operating Assessment $660.92
Replacement Reserve $101.16
Estimated Real Estate Tax $27.40
Membership Fee - If Applicable $ 0.00
ARDA ROC PAC Contrib. $ 0.00 (removed since I don't pay this)
Sub-Total
Current Year Charges $752.77

(2011 mf was $743.46; so a 1.25% increase)

Not sure why the tax credit is larger for the one bedroom premium than the 2 bedroom LO?

Glorian

 

[gtm2011]

Westin Kierland 1 Bedroom Premium Annual

Operating Assessment $660.92
Replacement Reserve $101.16
Estimated Real Estate Tax $27.40

Current Year Charges $789.48 (No tax credit, SVN fee or ARDA)

 

[jarta]

DeniseM, ... I assume a primary use of the data posted here is to compare 2011 to 2012 MFs. We do not have apples to apples being posted here.

Part of the confusion is that Starwood changed accounting procedure to add credits to account for recovery of taxes paid or lower taxes paid on the previous estimated tax amounts which turned out to be erroneous. The initial taxes which must be paid to prevent a tax sale of any property or other penalties for unpaid user fees/taxes are beyond the control of management or the HOA board - but they are responsible for collecting, paying and, in some instances, refunding those taxes through a credit back to the owner. The new method of showing how the MF bill was calculated isolates and better shows net taxes by showing both prior year credits and 2012 estimated, but unfinal, tax liabilities.

This change in reporting taxes can be handled various ways here. However, I suggest that the "total" MFs be posted with the previous year(s) tax credits being a deduction against the assessment to pay for 2012 operating expenses, reserve expenses and estimated 2012 taxes (which will become known sometime during 2012).

The most important thing is that the reporting here be standardized so that the expense paid last year (2011) can be compared to the amount billed for this upcoming year (2012) - without SVN and ARDA fees showing. (That's the way grgs has posted them.) It's TUG's decision how it wants the "total" MFs posted (and compared) for this year. But, right now, the reporting of 2012 MFs here is very inconsistent. ... eom

 

[gtm2011]

Jarta,
I assume your post was directed at mine and I disagree. The Prior Year(s) Tax Credit seemed to be different for every owner. I assumed this has to do with how long you have owned the property and how much you have over paid over the years. That is why there is a difference between the last three Westin Kierland quotes. I am a brand new owner, so I did not receive a Prior Year(s) Tax Credit at all. The 2 BD LO above only reported an $8.49 credit while the 1 BD reported $36.71 credit. This is also a thread to report 2012 maintenance fees, comparing them to last year is just an added bonus but not a requirement as I see it.
Jason

 

[jarta]

gtm2011, ... "I assume your post was directed at mine ... This is also a thread to report 2012 maintenance fees, comparing them to last year is just an added bonus but not a requirement as I see it."

My post was not directed at your post. It was directed at other posts. I've read them. It was time to say something about the non-standardization, IMO. I said it could be handled in different ways. I think giving the credit is right. You don't. Some might argue that, without the credit, MFs would be higher and that number should be used. All are OK. But, TUG should have standardized procedure for reporting.

I agree with your analysis of the reason why you did not receive a credit. However, if the numbers posted are not to to be used other than notifying owners that an assessment bill is coming due, all that needs to be posted is that fact. There would be no need for numbers at all. Just notifying the others you received an MF bill would be like theTUG Sightings board: "The 2012 assessments are out for .......... resort."

But, this is not the first year this survey has been done. And, Starwood is not alone with this type of compliation. Many TUG members (as they should) track the increase in MF at various resorts from year to year. The question is how to do the tracking so that the posts (all of them) make sense. I actually don't much care if subtracting the credit or not subtracting the credit is the way it is finally done. ... eom

 

[Robert D]

Svr & Lt

Sheraton Vistana Resort Cascades Small 1BR: $390.82
Lakeside Terrace 2BR EOY Winter Week: $524.69

 

[YYJMSP]

SVR Cascades 2BR LO

Maintenance Fee(s) $ 859.72
Tax - If Applicable $ 121.58
Membership Fee - If Applicable $ 0.00
Other* $ 0.00
Interest $ 0.00
Late Fees $ 0.00
ARDA ROC PAC Contrib.** $ 0.00
Sub-Total
Current Year Charges $ 981.30


2011 was $859.71 + $110.70 = $970.41

 

[C30NY]

Will this thread be compiled again in the first post or two like the 2011 thread?

 

[grgs]

SVR Cascades Regular 2 Bedroom

Maintenance Fee(s) $662.16
Tax - If Applicable $105.80
Membership Fee - If Applicable $0.00
Other* $0.00
Interest $0.00
Late Fees $0.00
ARDA ROC PAC Contrib.** $0.00
Sub-Total
Current Year Charges $772.96

2011 fees were: $758.50 (mf: $662.15 & tax: $96.35) ; so about a 1.9% increase due to an increase in taxes.

 

[DavidnRobin]

j-man - I think the main purpose is to disseminate MFs for SVO VOIs into one location. Not everyone is listing the percent increase, but also good to track. I do have the % increases for our VOIs : WSJ, WKORV, WKV, and WPORV going back to 2003/2004 in some cases. Currently iirc, only WPORV seems to be trending at a higher pace - the others have settled (or gone down) for the time being.

Trying to summarize/itemize WSJ-VG over the last 5 years would be challenging as the SA became a RR and then extended to some degree, but it all comes down to what is owed now and in the future - stay viligant.

The tax is minimal compared to the MFs - so it doesn't really matter - although I agree that an accurate and standard summarizing the MFs would be nice, but it ain't going to matter to most, or completed unless someone wants to take it on.

 

[YYJMSP]

WKORV 2BR L/O Deluxe

Maintenance Fee(s) $ 2,825.51
Tax - If Applicable $ 0.00
Membership Fee - If Applicable $ 130.21
Other* $ 0.00
Interest $ 0.00
Late Fees $ 0.00
ARDA ROC PAC Contrib.** $ 0.00
Sub-Total
Current Year Charges $ 2,955.72


MF portion was $2,825.97 last year, so essentially no change...

 

[YYJMSP]

Wdw 2br L/o Eoy

Maintenance Fee(s) $ 699.25
Tax - If Applicable $ 67.48
Membership Fee - If Applicable $ 0.00
Other* $ 0.00
Interest $ 0.00
Late Fees $ 0.00
ARDA ROC PAC Contrib.** $ 0.00
Sub-Total
Current Year Charges $ 766.73


Last year's was MF $672.69 + taxes $48.20 = $720.89, so 6.4% increase