- Joined
- Sep 11, 2006
- Messages
- 8,280
- Reaction score
- 7,294
- Points
- 749
- Location
- CA
- Resorts Owned
- SDO, Quarter House, Seapointe, Coronado Beach, Carlsbad Inn, Worldmark
From the 2017/2018 Coronado Beach Resort budget, under the heading "Owner Services" the line item called GP Vacation Services was $47,316 out of a total operating expense of $2,152,569. Payroll (front desk, housekeeping, guest activities, maintenance, and administration) were far and away the biggest chunk of the budget (just over $1mm). Utilities were $214k. I honestly don't know if those management fees are out of line but I would suggest that you contact the board of directors for more information.
Btw I noticed this at the bottom: 2017/2018
studio (5 units) - operating $621, reserve $170 Total $791 (2015/2016 total = $766)
1 bed (36 units)- operating $711, reserve $198 Total $909 (2015/2016 total = $884)
2 bed (12 units)- operating $761, reserve $211 Total $972 (2015/2016 total = $942)
per the letter, the % increase was 3.2% (I did not check their math)
Maintenance fees go up. It's the nature of the beast.
Btw I noticed this at the bottom: 2017/2018
studio (5 units) - operating $621, reserve $170 Total $791 (2015/2016 total = $766)
1 bed (36 units)- operating $711, reserve $198 Total $909 (2015/2016 total = $884)
2 bed (12 units)- operating $761, reserve $211 Total $972 (2015/2016 total = $942)
per the letter, the % increase was 3.2% (I did not check their math)
Maintenance fees go up. It's the nature of the beast.