Azean2
newbie
- Joined
- Feb 24, 2025
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- Resorts Owned
- Club Tahoe Resort Incline Village
Club Tahoe is a resort located in Incline Village Nevada (Lake Tahoe) its new title is “Billionaire’s Row” where our small timeshare of 90 units sit, we hear Oracle owner has purchased the Hyatt hotel down the block and Zuckerberg lives in the next town over. Our timeshare was one of the first called condominium - common interest I think they called it, but later took on the timeshare label. It has been around for almost 50 Years built in 1978. It’s been a wonderful skiing spot when we were younger, a family destination for years, but recently we think because of another 2.5 million+ units going up for sale around us it has brought attention to our little resort.
After hearing about take over of units in the area, our HOA is quite concerned.
Similar loss of units after years of ownership at Tahoe Summitt & now Tahoe Sands are having an uptick in financial problems started by Deedback programs initiated by their property management companies. One owner receiving a sudden notice of increased assessment of over $50,000.
We feel there are other timeshares that this has happened to and that’s why this post.
Our units are unique because they are fee simple, yes deeded same unit same week every year. Apparently our property management company forgot to list approximate 352 units for sale that they deeded back. Meaning no income from assessments every year. Also we don’t know how long this has been happening.
If any of you have had or heard of a similar timeshare management situation I’d love to hear from you.
After hearing about take over of units in the area, our HOA is quite concerned.
Similar loss of units after years of ownership at Tahoe Summitt & now Tahoe Sands are having an uptick in financial problems started by Deedback programs initiated by their property management companies. One owner receiving a sudden notice of increased assessment of over $50,000.
We feel there are other timeshares that this has happened to and that’s why this post.
Our units are unique because they are fee simple, yes deeded same unit same week every year. Apparently our property management company forgot to list approximate 352 units for sale that they deeded back. Meaning no income from assessments every year. Also we don’t know how long this has been happening.
If any of you have had or heard of a similar timeshare management situation I’d love to hear from you.