Monarch MF's Discussion

[SueDonJ]

Moderator Note: This was posted by l0410z in the MF's Sticky thread and is being copied here for discussion related to the questions raised.

$1202.59 Total

This is a $183.17 - Increase or 15.23 percent. To be fair, 150.00 of the increase is for the reserve fund. Without this the increase would be 2.7 percent.

During the owners meeting this summer, two major projects were discussed. The first was the replacement off all the windows and terrace door .. a by product of being so close to the ocean. The second project was the replacement of the front doors to get up to new updated fire code.

I guess now that I turned 60, I both understand and appreciate the need to fix worn parts. This being said... still hurts a little.

 

[NKN]

I agree. But I guess I also agree with them that I'd rather see the annual fees increased over the next four years, than have a Special Assessment when the time comes. Siding is a bitch to do, as I live in a 30-year condo which is having its siding replaced now. That was a big chunk!

Nkn

 

[dioxide45]

I always thought that the HHI MFs were rather low considering their location. Compare them to an inland Orlando Marriott, and their MFs are actually cheaper. I would think that insurance costs and taxes would be about the same. But given the salt water environment of HHI, I would think that MF for long term upkeep costs would have to be higher.

 

[NKN]

On our two Monarch weeks, the fees are going from about $2400 total to $2800. The downside is will they ever go back down after all the work in 2018/19 ? Probably not.


Nkn

 

[bogey21]

Don't get me wrong. I love Monarch. It was my last Marriott to go. On the other hand MFs (not just Marriott) are getting a little stiff. Paying $200 per night while having the ongoing obligation vs paying rent is getting a little rough.

George