- Joined
- Jul 3, 2016
- Messages
- 898
- Reaction score
- 800
- Location
- West Seneca, NY
- Resorts Owned
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Divi Village Beach & Golf Resort
Vidanta Grand Mayan
Villa del Arco Cobo
Grandview Las Vegas
Vacation Village at Bonaventure
I just received my statement for the proposed 2021 budget for Vacation Village at Bonaventure. One thing that really jumped out at me was the "Reserve for Bad Debt". On a per Timeshare Week the reserve is being proposed at $359.19 of a total of $966.53. That's over 30% of the total maintenance fee. This was single largest expense, by far, listed on the proposed budget. There wasn't any other expense listed that exceeded $65.
That seemed high to me but really don't know. Is this a typical percentage for bad debt reserve?
That seemed high to me but really don't know. Is this a typical percentage for bad debt reserve?