Marriott 2014 Maintenance Fees

[autumn]

marriott aruba ocean club

2 bedroom gold aruba ocean club
921.38 operating fees
.79 operating fees
259.51 operating fees
411.51 reserve fee

Total $1593.19 for 2014
$1512.86 for 2013
$80.33 increase.

 

[radmoo]

Fiscal Year Description Due Date Amount Due
2014 Property Tax Fee 2014-01-13 28.89
2014 Operating Fee 2014-01-13 805.29
2014 Reserve Fee 2014-01-13 281.16
Total Charges $1115.34

2013 Total $1038.57

7.4% .... a bit much I think

Agreed, do we know why?

 

[dioxide45]

Is this a Platinum or Gold week? Ours is 2BR platinum lock off unit for which I just paid $1135ish

I don't think it matters. The fee is the same. I think only Florida has a different MF (really the tax line item) for different seasons.

 

[n777lt]

2014 Club Fee 36.30
2014 Operating Fee 656.52
2014 Reserve Fee 233.39
2014 Property Tax Fee 119.41
Total Charges $1045.62

2013 Fees: $997.93 (increase of 4.78%)

Last year's increase was a little over 5%. While some people might think four and five percent increases are okay. The fees have increased almost $100 in two years. IMO that is not something to be happy about.

Especially because the "Board of Directors" expense is increasing 18% from 2013 budget to 2014 budget...I've sent an email asking why, but no response yet.

 

[dioxide45]

Especially because the "Board of Directors" expense is increasing 18% from 2013 budget to 2014 budget...I've sent an email asking why, but no response yet.

The increase for the Board of Directors is only six cents. I am not sure that plays a big part. Sure it is an 18% increase, but there are bigger issues at work here causing the increase at Grande Vista.

 

[jimf41]

Ocean Pointe

Ocean Pointe 2014

2bdrm OF Silver
- Operating Fee.........…..$874.58
- Replacement Reserve…..287.51
- Property Taxes ...………..123.44
- Florida Club...………………..36.30

- TOTAL.....................…$1321.83
2012 total……………………...1290.86 2.3% increase

3bdrm Silver

- Operating Fee......…….$1052.50
- Replacement Reserve…..346.00
- Property Taxes ...…………174.09
- Florida Club...………………..36.30

TOTAL…………………………..$1608.89
2012 total……………………..1576.55 2.0% increase

2bdrm Plat OS

Operating Fee......………...$874.58
- Replacement Reserve…..287.51
- Property Taxes ...…………203.33
- Florida Club...………………..36.30

TOTAL…………………………..$1401.72
2012 total……………………….1386.12 1.1% increase

 

[lejo2008]

Grand Vista - 3 Bedroom EOY - Plat

Grande Vista 2014



2014 Club Fee 2014-01-06 $18.15
2014 Operating Fee 2014-01-06 $433.13
2014 Reserve Fee 2014-01-06 $153.98
2014 Property Tax Fee 2014-01-06 $82.30

Total amount $687.56 Per Year
($1375.12) Total

 

[JMSH]

Grande Vista 2bedroom lock off/ platinum season $1079.00

 

[Bogeygirl]

Lakeshore Reserve 3 Bedroom - Premier Platinum

2014 Operating Fee $1432.78
2014 Reserve Fee $305.87
2014 Property Tax Fee $204.11

Total amount $1942.76

2013 Total - $1808.92

Increase of 7.4%


Ouch

 

[TravlinDuo]

Lakeshore Reserve 3BR, Premier Platinum

$204.11 = 2014 Property Tax Fee
$305.87 = 2014 Replacement Reserve
-$415.94 = 2014 Developer Subsidy
$1848.72 = 2014 Operating Fee

$1942.76 = 2014 Total Fee to be paid

Total paid in 2013 = $1710.40

 

[MALC9990]

Playa Andaluza - Spain

All amounts are in Euros.

2 Bed Unit

Op. Fee (incl. 15% MVCI Management Fee) - 720.65
Property Taxes - 32.73
Replacement Reserve - 105.12

MFs Sub Total - 858.50

IVA (10% Spanish Tax) - 85.85

Total to Pay - 944.35

3 Bed Unit

Op. Fee (incl. 15% MVCI Management Fee) - 797.06
Property Taxes - 38.32
Replacement Reserve - 130.68

MFs Sub Total - 966.06

IVA (10% Spanish Tax) - 96.60

Total to Pay - 1062.61

This represents a 1.14% increase over 2013

 

[MALC9990]

Phuket Beach Club - Thailand

All amounts are in Thai Baht.

2 Bed Unit

Op. Fee (incl. 15% MVCI Management Fee) - 23,186.43
Property Taxes - 271.24
Replacement Reserve - 5,884.48

MFs Sub Total - 29,342.15

VAT (7% Thailand Tax) - 2053.95

Total to Pay - 31,396.10


This represents a 4.73% increase over 2013

 

[MALC9990]

Son Antem - Spain

All amounts are in Euros.

2 Bed Unit

Op. Fee (incl. 15% MVCI Management Fee) - 723.16
Property Taxes - 17.15
Replacement Reserve - 103.66

MFs Sub Total - 843.97

IVA (10% Spanish Tax) - 84.40

Total to Pay - 928.37

3 Bed Unit

Op. Fee (incl. 15% MVCI Management Fee) - 812.40
Property Taxes - 21.66
Replacement Reserve - 130.85

MFs Sub Total - 965.01

IVA (10% Spanish Tax) - 96.5

Total to Pay - 0161.51

This represents a 7.6% increase over 2013

The biggest cause of the large increase was costs incurred as a direct result of the co-located hotel ceasing to be a Marriott branded hotel. |prior to that change in early 2013, the front desk operation and the maintenance operation was a shared cost with the hotel. As a result of the de-branding of the hotel, a new Front Office operation was established and staffed by the TS resort and a new post of maintenance manager was required as well as some other additional staffing costs.

 

[glenns]

Lakeshore Reserve 2BR Platinum

2013 Two Bedroom Platinum


2013 Reserve.............. $221.89
2013 Developer Subsidy... ($351.78)
2013 Operating Fee....... $1286.60
2013 Property Tax......... $189.98
===========================
2013 Total............... $1346.69

Total: $141.43 (12%) increase
Reserve: no change
Operating Fee: $36.69 (2.8%) increase
Subsidy: $17.13 (4.8%) decrease
Property Tax: $87.90 (86%) increase

2014 Two Bedroom Platinum


2014 Reserve.............. $222.00
2014 Developer Subsidy... ($301.88)
2014 Operating Fee....... $1341.75
2014 Property Tax......... $180.25
===========================
2014 Total............... $1442.12

Total: $95.43 (7%) increase
Reserve: $.11 (microscopic change)
Operating Fee: $55.15 (4.3%) increase
Subsidy: $49.90 (16.5%) decrease
Property Tax: $9.73 (5.3%) decrease