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Fairway Forest Operating Expenses / Maint Fees up $336.55 on deeded property

standrew17

TUG Member
Joined
Aug 26, 2018
Messages
8
Reaction score
2
Points
63
Resorts Owned
Fairway Forest Units 1210 Week 10 and Unit 1348 Week 42
Hi Fairway Forest Deeded Property Owners,
I just received my 2020 Maintenance Fees and I'm seeing an increase of $336.55 per 2 bedroom standard unit (upstairs 2 twins, bathroom and downstairs master and master bath. This is the largest single increase I have seen since 1985. If someone can show me they are taking the money and using it to fix the places up then maybe this is a good thing. They don't mention their reason for this large increase which makes me wonder if this is going to be every year until they price us out just as the 2023 vote comes up on our deed documents. Anyone else concerned here? We should establish a Fairway Forest string and keep it going regarding the operation of Diamond Resorts International and their treatment of the deeded property owners right here.
 

csalter2

TUG Member
Joined
Sep 3, 2008
Messages
1,968
Reaction score
554
Points
473
Location
Orange County, California
Resorts Owned
Marriott Ko Olina
Marriott Aruba Surf Club
Marriott Ocean Pointe
Diamond Resorts Gold
If you’re paying you were paying your 2019 maintenance fees monthly, pay attention if they subtracted December’s payment. They did not do that for those with the monthly payment and the 2020 maintenance fees invoices reflected that last payment from December. Just an FYI.
 

DanZale2000

TUG Member
Joined
Aug 31, 2015
Messages
102
Reaction score
38
Points
138
Location
New York
Fairway Forest is not on the major upgrade projects list for 2020. I believe Diamond just took over the resort's management contract this past year. You should look at the HOA budget. In the past Diamond increases the "management fee" line (its profit) and increases fees for the back office services it provides to the HOA (things like accounting, legal, etc.). Compare these lines with years past. Also compare the amounts going to the reserve account.
 
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