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New nightly parking charges at WKV

cubigbird

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Looks like WKV BOD has updated by-laws to include nightly parking for certain transient rental guests. Looks like it’s for non-owners per new MVC trends we have seen in other threads. See attached amendment.
 

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dioxide45

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Seems to be the same language that was being voted on to amend the Marriott Mountainside by-laws. Pretty much a new MVC brand standard to charge parking to those renting on Marriott.com and through other outside travel agents. I noticed on something with Grande Vista that it won't apply to Encore Packages.
 

cubigbird

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I meant to post this in the Vistana forum, feel free to move it over there.
 

daviator

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This is really a non event and has been standard practice at many properties for years.

The parking fees only apply to non-timeshare reservations. So people who reserve for cash via the Marriott website, basically. The rest of us still park for free. Basically it doesn’t impact timeshare owners or timeshare renters or timeshare exchangers.
 

cubigbird

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This new money needs to actually go to help control maintenance fees.
 

dioxide45

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This new money needs to actually go to help control maintenance fees.
The WKV itemized annual budget should show how much they are expecting this to offset the maintenance fees. It probably isn't much. Here is what the Grande Vista budget shows. It'll save us $29.74 on our 2BR in 2025.
1737235886821.png
 

daviator

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The WKV itemized annual budget should show how much they are expecting this to offset the maintenance fees. It probably isn't much. Here is what the Grande Vista budget shows. It'll save us $29.74 on our 2BR in 2025.
View attachment 104773
That’s quite a bit more significant than I’d have expected it to be. Cutting everyone’s MFs by $30 is reasonably significant even if $30 isn’t going to change anyone's life.
 

cubigbird

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I’m sure they’ll find a way to offset that $30 savings with a $30 increase elsewhere making it budget neutral. Isn’t it against MVC interests to reduce maintenance fees since corporate get a % cut of the overall for management fee?
That’s quite a bit more significant than I’d have expected it to be. Cutting everyone’s MFs by $30 is reasonably significant even if $30 isn’t going to change anyone's life.
 

dioxide45

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I’m sure they’ll find a way to offset that $30 savings with a $30 increase elsewhere making it budget neutral. Isn’t it against MVC interests to reduce maintenance fees since corporate get a % cut of the overall for management fee?
But according to the updated by-laws, Marriott can keep any expenses related to the collection of the parking fee. What all is involved in the "expenses"?
 

cubigbird

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But according to the updated by-laws, Marriott can keep any expenses related to the collection of the parking fee. What all is involved in the "expenses"?
Marriott should not be keeping parking fee revenue. It should be revenue in the HOA budget. Doesn’t that fall under the HOA fiduciary obligation to owners?
 

dioxide45

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Marriott should not be keeping parking fee revenue. It should be revenue in the HOA budget. Doesn’t that fall under the HOA fiduciary obligation to owners?
The revenue is going to the HOA. Though the by-laws have a provision that Marriott can keep expenses related to collecting that fee. Marriott Vacations as the resort manager is responsible to collect the fee. There are expenses to collecting the parking fee such as credit card merchant fees that they should be able to recoup.
 

jabberwocky

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The revenue is going to the HOA. Though the by-laws have a provision that Marriott can keep expenses related to collecting that fee. Marriott Vacations as the resort manager is responsible to collect the fee. There are expenses to collecting the parking fee such as credit card merchant fees that they should be able to recoup.
And no doubt they will also add in a charge for running the “system”. I’m sure Marriott will take a healthy chunk of the revenue.
 

dioxide45

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And no doubt they will also add in a charge for running the “system”. I’m sure Marriott will take a healthy chunk of the revenue.
I expect that to happen. Though I asked the general manager at Harbour Lake about this and they said 100% of the revenue from parking would go back to the HOA. Of course, how I understand it and what they mean could be two different things. Though I did ask if Marriott was taking a percentage of the fee and their answer was the 100% to the HOA.
 

rickandcindy23

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The wording on the SDO email is vague. One car permitted and then transient fees. I have guests checking in this weekend and in March. Am I going to get complaints about parking fees? I rented through RW verify/ protect.
 

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The wording on the SDO email is vague. One car permitted and then transient fees. I have guests checking in this weekend and in March. Am I going to get complaints about parking fees? I rented through RW verify/ protect.
They are using your week. They shouldn't get any fees that owners wouldn't otherwise pay.
I just got back from an AC stay at Grande Vista. They didn't even mention the parking fees to me.
 

dioxide45

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The wording on the SDO email is vague. One car permitted and then transient fees. I have guests checking in this weekend and in March. Am I going to get complaints about parking fees? I rented through RW verify/ protect.
They consider transient renters to be those that rent through Marriott.com or outside travel agents (Expedia, etc). Your renters should not be charged parking fees.
 

rickandcindy23

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They consider transient renters to be those that rent through Marriott.com or outside travel agents (Expedia, etc). Your renters should not be charged parking fees.
From your lips to Vistana's ears. Hoping for no hiccups in those reservations that are rented for only a slight profit over MF's
 
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