*** Official 2024 Vistana Maintenance Fees Thread ***

[Ken555]

My WKORV stmts are there, and the letter from the board part is blaming one third of the increase on Maui County bumping our property tax valuations up by 30% this year...

Did it also explain the other 2/3's?

 

[EnglishmanAbroad]

WKORV-N
2 br lockoff annual (OV)
$3515.78 which is a 15.46% increase from last year.

WKORV-N
2BR LO EOY $1777.89 (represents the usual $40.00 'markup' on the EY if you own 2 EOY)
I make it a 15.26% increase on last year ($1542.45)

 

[daviator]

My WKORV stmts are there, and the letter from the board part is blaming one third of the increase on Maui County bumping our property tax valuations up by 30% this year...

Do I smell another lawsuit?

There is no way the values have gone up 30%. The county needs to stop looking at timeshare owners as an ATM.

 

[DavidnRobin]

My WKORV stmts are there, and the letter from the board part is blaming one third of the increase on Maui County bumping our property tax valuations up by 30% this year...

The property tax only accounts for a small percentage of overall annual budget - so a 30% increase in the property tax would not come close to the reasoning for the overall 15.8% increase in maintenance fees.


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[dss]

So how do we hold Marriott and our HOA accountable? This is lunacy.

 

[Ken555]

The property tax only accounts for a small percentage of overall annual budget - so a 30% increase in the property tax would not come close to the reasoning for the overall 15.8% increase in maintenance fees.

That makes sense. Can anyone post the actual letter?

 

[dioxide45]

The property tax only accounts for a small percentage of overall annual budget - so a 30% increase in the property tax would not come close to the reasoning for the overall 15.8% increase in maintenance fees.


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Exactly. The tax increase is a small percentage of the overall budget. Our SVV Bella 2024 MFs are up over 12%, but the increase from the taxes are less than 2% of the total budget. Taxes are a very small thing driving these increases. Even in Florida the increase doesn't seem to be driven heavily by replacement reserve funding. It is only up about eight bucks. The biggest part of the increase is the operating fee.

 

[YYJMSP]

WKORV comparison of significantly changed budget items from 2023 to 2024

Bad Debt Expense - 65K up to 107K, impact of +$3/unit
Front Desk - 3.1M to 3.5M, impact of +$25/unit
Housekeeping - 5M to 6.7M, impact of +$105/unit
Human Resources - new category 285K, impact of +$20/unit
Insurance - 380K to 485K, impact of +$7/unit
Maintenance - 3.2M to 3.5M, impact of +$20/unit
Management Fee - 2.6M to 3M, impact of +$35/unit
Property Taxes - 5.6M to 7.5M, impact of +$135/unit

Those line items add up to +$430/unit, or say two-thirds of the difference.

I've attached the statement (minus page one with my personal info on it)

 

[YYJMSP]

Did it also explain the other 2/3's?

they claim property insurance, inflation (shipping items from mainland), and wages/benefits

 

[Lucy057]

WKORV OFD just posted and I'm in disbelief. I'm hoping there is a one time assessment in here somewhere given the circumstances as otherwise, this is unsustainable and outrageous. I don't have the exact 2023 number offhand but last year was around $3,700, or an approx increase of 18% off an already huge number. Just wow.

View attachment 85004

I NEARLY FELL OFF MY CHAIR TOO!!! Got my statement for WKORN OF 2bd every other year. This is outrageous!

 

[rickandcindy23]

Still a bargain for our 2 bed OF compared to our podunk Hono Koa, which is running a ridiculous $2,917 for a 2 bedroom that is not a lockoff, and doesn't have many amenities. Small pool, no slide, just a small hot tub, front desk staff of one person, but if you arrive after 6 PM, no one is in the office. They also took away our mid-week tidy. We love Hono Koa because there are four units that are oceanfront, and we own 3 annual weeks. It is less than 40 feet to the water, but geez, Westin seems like a bargain in comparison. Compare location, value for the maintenance fee dollar (gorgeous pool and lobby, etc).

Westin Ka'anapali 2 bed lockoff oceanfront center (not Deluxe):

Current Year Charges
Maintenance Fee(s)		$ 3,180.39
Tax - If Applicable		$ 0.00
Membership Fee - If Applicable		$ 0.00
Other*		$ 0.00
Interest		$ 0.00
Late Fees		$ 0.00
Sub-Total Current Year Charges		$ 3,180.39
Less Payments***		$ 0.00

The $240 program fee (crap fee) is on our other week.

 

[DanCali]

HRA 2BR Deluxe Phase II (2BR portion of 3BR lockoff)
2024 VACATION OWNERSHIP ASSESSMENT $1,293.82 (2023 = $1231.35; 5.1% increase)
2024 CONDO COMMON ASSESSMENT $742.47 (2023 = $464.96; 60.0% increase)
2024 VALUE ADDED TAX $240.87 (2023 = $205.76; 17.1% increase)
2024 ATLANTIS FACILITIES FEE $372.43 (2023 = $361.24; 3.1% increase)

TOTAL: $2649.59 (2023 = $2263.31; 17.1% increase)


Welcome to Abound. Now give us all your money!

 

[YYJMSP]

WDW 2BR lockoff annual $2177.53 operating assessment + $366.83 replacement reserves + $134.95 estimated real estate tax = $2679.31

That's 16.5% over the previous year's $2300.48

 

[Snowonbeach]

HRA 1 bedroom (studio) Week 13 every year
2024 Maintenance Fee- $1722.98
Tax- $ 226.45
Membership Fee- $ 280.00
Other- $ 261.45
Current Year Charges- $2,490.88

Last year's total was $1857.83. This seems beyond excessive! Anyone know what the "other" is for?

 

[okwiater]

SMV 2-Bedroom Lockoff

2024 Vacation Ownership Assessment $1,463.63
2024 Condo Common Assessment $508.00
$1,971.63 (13.0% increase)

vs. last year:
2023 Vacation Ownership Assessment $1,305.29
2023 Condo Common Assessment $396.96
2023 Estimated Real Estate Tax $42.76
$1,745.01

 

[okwiater]

WLR 2-Bedroom Lockoff Oceanside EOY

2024 Operating Assessment $866.44
2024 Replacement Reserves $131.71
$998.15 (11.9% increase)

vs. last year:
2023 Operating Assessment $763.37
2023 Replacement Reserves $128.50
$891.87

 

[okwiater]

WSJ VGV 3-Bedroom Pool Villa

2024 Operating Assessment $4,187.33
2024 Replacement Reserves $587.69
$4,775.02 (14.9% increase)

vs. last year
2023 Operating Assessment $3,566.63
2023 Replacement Reserves $587.69
$4,154.32

 

[okwiater]

WSJ BV 3-Bedroom Villa

2024 Vacation Ownership Assessment $2,988.96
2024 Condo Common Assessment $973.66
2024 Estimated Real Estate Tax $299.34
$4,261.96 (17.7% increase)

vs. last year:
2023 Vacation Ownership Assessment $2,385.56
2023 Condo Common Assessment $965.02
2023 Estimated Real Estate Tax $270.18
$3,620.76

 

[emeryjre]

HRA 1 bedroom (studio) Week 13 every year
2024 Maintenance Fee- $1722.98
Tax- $ 226.45
Membership Fee- $ 280.00
Other- $ 261.45
Current Year Charges- $2,490.88

Last year's total was $1857.83. This seems beyond excessive! Anyone know what the "other" is for?

The "other fee" is for access to Atlantis Resort
If you download the e-statement direct from the Vistana.com website, there is a management report breaking down the various elements of the MF increase
The one that struck me was the increased cost for insurance
The insurance cost has doubled this year

 

[DanCali]

HRA 1 bedroom (studio) Week 13 every year
2024 Maintenance Fee- $1722.98
Tax- $ 226.45
Membership Fee- $ 280.00
Other- $ 261.45
Current Year Charges- $2,490.88

Last year's total was $1857.83. This seems beyond excessive! Anyone know what the "other" is for?

Agree it’s excessive. But to clarify- this must be the larger Premium 1BR?


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[M Wyo]

WDW 2BR lockoff annual $2177.53 operating assessment + $366.83 replacement reserves + $134.95 estimated real estate tax = $2679.31

That's 16.5% over the previous year's $2300.48

And a 34.4% increase from the 2022 maintenance fee assessment of $1993.79.

 

[okwiater]

WKV 2-Bedroom Lockoff

2024 Operating Assessment $1,605.43
2024 Replacement Reserves $390.61
2024 Estimated Real Estate Tax $67.26
$2,063.30 (9.8% increase)

vs. last year:
2023 Operating Assessment $1,453.05
2023 Replacement Reserves $361.68
2023 Estimated Real Estate Tax $64.06
$1,878.79


Edited to add: This year's increase illustrates just how well-run a resort WKV is. Although last year and this year experienced 8.8 and 9.8% increases, the total MF increase over the past 8 years has been only 38%, just slightly outpacing inflation.

 

[DanCali]

WSJ VGV 3-Bedroom Pool Villa

2024 Operating Assessment $4,187.33
2024 Replacement Reserves $587.69
$4,775.02 (14.9% increase)

vs. last year
2023 Operating Assessment $3,566.63
2023 Replacement Reserves $587.69
$4,154.32

That's just about $700/night...

We love staying there, but there are some pretty fantastic rentals in St. John showing up on VRBO when you filter at $600-$800/night.

 

[okwiater]

That's just about $700/night...

We love staying there, but there are some pretty fantastic rentals in St. John showing up on VRBO when you filter at $600-$800/night.

Yeah, tell me about it... and that doesn't even include property taxes which are billed separately.

That being said, staying at a resort is different from at a private home. My family and I love doing both, but they are vastly different experiences. I've also had good luck renting our 3BR WSJ villas for ~$4k over MFs in the years we haven't been able to go. Not sure I'll be able to rely on that given this latest increase, but at least the ownerships aren't at end-stage MF death spiral yet...

 

[MOXJO7282]

That's just about $700/night...

We love staying there, but there are some pretty fantastic rentals in St. John showing up on VRBO when you filter at $600-$800/night.

We own a 3BDRM WSJ pool villa July 4th week and these are one of the TS units out there that is in fact still a good value compared to MFs, and its a really special unit in my book, but its so sad that the price has skyrocketed over the last few years and at some point if these ridiculous increases don't stop it won't be for long.