2024 Maintenance Fees DISCUSSION THREAD

[JIMinNC]

It’s worth stating that MOC is kind of a special case this year (and next, I think.). Much of the increase is an assessment to pay for plumbing and electrical systems being replaced at the property, which is pretty old.

it's fair to ask why they didn’t plan for this and collect reserve funds over a period of many years for this work. A cynical person might say that it helped them sell more timeshares to keep the MFs artificially low.

Now that they aren’t selling weeks any more, they can boost the MFs and new buyers (of Abound points) will not really know about it, they’ll just see their annual MFs go up without much explanation.

This isn't the thread to discuss maintenance fees, but since you mentioned this a while back, I wanted to post a clarification...

Yes, it's important to note that the 30% increase at MOC is due partially to a non-recurring two-year assessment. It's also important to note that the reason they didn't accrue for it in reserves, as you questioned, was because the drain pipes were not considered a normal wear/replacement item like a roof, HVAC, etc. Those plumbing drain pipes were expected to last the life of the building. HOAs don't reserve to replace the walls and structural beams of the building, and the pipes were considered in that same building-life category. The MOC Board has been very transparent on this with multiple letters from the Board President explaining it.

[Moderator Note: Post moved from Marriott 2024 Maintenance Fees thread.] <-- SueDonJ

 

[wanderer63]

Received notice, today, that we were short on our Maintenance Fees which were paid on November 1 in full. MVC assessed a $25.00 late fee on top of the $12.16 it said we owed. After scraping myself off the ceiling, I called them. A very nice rep apologized and removed this saying it was a glitch in the system. Not her fault that the "system" was, once again, incapable of doing its job. As I recall, the new CEO listed his knowledge of IT as one of his areas of expertise. Okay, who hasn't embellished their CV on occasion? This has been a cluster since he came on board.

@Bodie I know this was posted awhile ago but I have had the same issue with my maintenance fees. I got the first notice in Feb and they assessed ~ $32 late fee/interest that they said we owed and when I called they waived the fees since I had paid in full on 10/30/23. I just got my second notice with another ~33 late fee/interest and this too was waived. They are looking into why it keeps happening but I was curious if when this happened to you they were able to explain why it happened.

Thanks!

[Moderator Note: Post moved from Marriott 2024 Maintenance Fees thread.] <-- SueDonJ

 

[Bodie]

@Bodie I know this was posted awhile ago but I have had the same issue with my maintenance fees. I got the first notice in Feb and they assessed ~ $32 late fee/interest that they said we owed and when I called they waived the fees since I had paid in full on 10/30/23. I just got my second notice with another ~33 late fee/interest and this too was waived. They are looking into why it keeps happening but I was curious if when this happened to you they were able to explain why it happened.

Thanks!

Actually, yes. Last month I got the same notice, again. It’s inexcusable. That said, I again talked to a CS rep, very apologetic, etc. The usual excuses about computers, etc. ( One feels sorry that these front line people are the first to get corporate screw up calls.). She gave me a case number detailing our conversation and had the fee removed. Of course, I’m waiting for the inevitable…..

[Moderator Note: Post moved from Marriott 2024 Maintenance Fees thread.] <-- SueDonJ

 

[PlanningToRetireAtAge67]

We just bought MVC points for Marriott's St. Kitts Beach Club, and really want to understand the MF and the increasing trends of these MFs. Our loans are so new that we haven't had a bill yet, nor an annual statement, therefore our MF is based on what we do know, which are the Marriott Vacation Club Maintenance Costs For Points ($ / Point) - any advice or feedback on my calculations are greatly appreciated! After reading hundreds of post on tugbbs.com about MF, its seems that MF has increased anywhere from 1% to 15% (and higher), which aligns with my calculations using data from 2021 till now.

Property: Marriott's St. Kitts Beach Club/2Br Garden view (Platinum Season)
Points: 3300
Operating Fee: tbd
Replacement Reserve: tbd
Property Taxes (or note if they're billed separately): tbd
MF TOTAL: Estimated for 2025 is $2,793.56, see pictures

MVC MF Calculations ($ Cost) for 10yr term:

MVC MF Calculations ($ / Point) for 10yr term:

[Moderator Note: Post moved from Marriott 2024 Maintenance Fees thread.] <-- SueDonJ

 

[jwalk03]

We just bought MVC points for Marriott's St. Kitts Beach Club, and really want to understand the MF and the increasing trends of these MFs. Our loans are so new that we haven't had a bill yet, nor an annual statement, therefore our MF is based on what we do know, which are the Marriott Vacation Club Maintenance Costs For Points ($ / Point) - any advice or feedback on my calculations are greatly appreciated! After reading hundreds of post on tugbbs.com about MF, its seems that MF has increased anywhere from 1% to 15% (and higher), which aligns with my calculations using data from 2021 till now.

Property: Marriott's St. Kitts Beach Club/2Br Garden view (Platinum Season)
Points: 3300
Operating Fee: tbd
Replacement Reserve: tbd
Property Taxes (or note if they're billed separately): tbd
MF TOTAL: Estimated for 2025 is $2,793.56, see pictures

MVC MF Calculations ($ Cost) for 10yr term:

MVC MF Calculations ($ / Point) for 10yr term:

This particular thread is only for people to share their maintenance fees so they can be tracked. It is not for discussion. You need to open a new thread and ask your questions there.

[Moderator Note: Post moved from Marriott 2024 Maintenance Fees thread.] <-- SueDonJ

 

[VacationForever]

@PlanningToRetireAtAge67 You need to use St Kitts MF and not MVC points MF.
https://tugbbs.com/forums/threads/marriott-2024-maintenance-fees.357131/post-2984935 and https://tugbbs.com/forums/threads/marriott-2024-maintenance-fees.357131/post-2986372

[Moderator Note: Post moved from Marriott 2024 Maintenance Fees thread.] <-- SueDonJ