Another lawsuit against Diamond

[moonstone]

Somebody finally figured out why the maintenance fees were so high.

The Tuesday Slot: Diamond Resorts Face Another Lawsuit in the US - Inside Timeshare
(copied from a Diamond Facebook group)


~Diane

 

[bnoble]

I gave up after the tenth term in "scare quotes."

 

[artringwald]

It's not hard to figure out in the HOA statement from The Point at Poipu. Management fees are clearly marked, and a significant part of the budget. Fortunately, in the past 5 years, the maintenance fees have only gone up a total of 7%. I've never seen a statement for a trust/collection, but they must be adding quite a bit for management of the trust.

 

[BJRSanDiego]

It's not hard to figure out in the HOA statement from The Point at Poipu. Management fees are clearly marked, and a significant part of the budget. Fortunately, in the past 5 years, the maintenance fees have only gone up a total of 7%. I've never seen a statement for a trust/collection, but they must be adding quite a bit for management of the trust.

View attachment 31869

I think that some of the other TS systems (SO leil and Marriott) charge something in the neighborhood of 10% of the expenses for the mgmt fee. I'm not sure if I completely understand the chart (above) but if I divide 2,610,309 by the total operating expenses of 8,191,966 it is probably around 30%.