Post your 2011 MF (include operating fee, reserve, taxes and total)

[jjking42]

[Moderator Edit Note: Please see my post of October 24 in this thread for information that would help me if you include it. Dave M, BBS Moderator.]

Legends edge 2 bed Plat.
2010 1012.35
2011 1149.65

ouch thats 13.9%

2010
operating fee 697.57
Florida club 32.70
Reserve 198.02
Prop Tax 84.06

2011
operating fee 815.61
Florida club 33.56
Reserve 206.00
Prop Tax 94.48

How the heck can Florida property taxes go up. The real estate values crashed.

bad dept expense up 254.8%
common assessment up 31.9%
electricity up 19.6%
management fee up up 13.9%

interesting the management fee went up the exact same amount as the total MF

 

[Superchief]

2010



How the heck can Florida property taxes go up. The real estate values crashed.

bad dept expense up 254.8%
common assessment up 31.9%
electricity up 19.6%
management fee up up 13.9%

interesting the management fee went up the exact same amount as the total
MF

The management fee is tied to overall MF, and I think it is 10%. I'm not sure whether it is 10% of operating fee, or also includes reserve.
Can you determine what components of the common assessment drove the increase? At Royal Palms, it was the front desk expense, which I believe is caused by the higher staff needed for shorter stays due to DC program. Owners should not have to subsidize this expense (or housekeeping/ maintenance).

 

[Stefa]

Willow Ridge (proposed)

2011:
Operating: $617.55 (includes $9.07 developer subsidy)
Reserve: $175.00
Property taxes $22.45
Total: $815.00

2010:
Operating: $611.50 (includes $19.61 developer subsidy)
Reserve: $160.00
Property taxes: $22.11
Total: $774.00

The 5.3% increase isn't too bad considering the reduction in the developer subsidy.

 

[d2r4s]

Ups And Downs

[Message deleted. This thread is solely for posting 2011 Marriott MFs. Discussions of inflationary trends should be posted elsewhere. Dave M, BBS Moderator]

 

[rsackett]

Manor Club (MMC) 2 bedroom Platinum

2011:

$966.00

Fiscal Year Description.......Amount Due
2011 Operating Fee.............714.27
2011 Reserve Fee...............188.00
2011 Property Tax Fee..........63.73
Total Charges....................$966.00

2010:

$928.00

Fiscal Year Description.....Amount Due
2010 Operating Fee............728.06
2010 Reserve Fee...............137.00
2010 Property Tax Fee..........62.94
Total Charges...................$928.00

4.1% increase most of it is in the reserve fee

Ray

 

[classiclincoln]

[Message deleted. The timeshare posted is not a Marriott timeshare. Dave M, BBS Moderator]

 

[NJMOM2]

Harbour Lake (proposed)

2 Bedroom

2011:

Fiscal Year Description.......Amount Due
2011 Operating Fee.............679.36
2011 Reserve Fee...............197.00
2011 Property Tax Fee..........Gold 93.84; Platinum 110.85; Platinum Plus 120.53
Total Charges....................Gold $970.20; Platinum $987.21; Platinum Plus 996.89

2010:

Fiscal Year Description.....Amount Due
2010 Operating Fee............661.72
2010 Reserve Fee...............183.00
2010 Property Tax Fee.........Gold 86.38; Platinum 104.95; Platinum Plus 107.66
Total Charges...................Gold $931.10; Platinum $949.67; Platinum Plus $952.38

Increase:

Gold........................4.2%
Platinum..................4.0%
Platinum Plus...........4.7%

 

[JROBIN]

Mountain Valley Lodge (MVL)

2011 Mountain Valley Lodge (MVL) 1 bedroom

$1,240.68

Fiscal Year Description.......Amount Due
2011 Operating Fee.............961.16
2011 Reserve Fee...............228.10
2011 Property Tax Fee..........51.42
Total Charges....................$1,240.68

2011 Mountain Valley Lodge (MVL) Studio

$992.55

Fiscal Year Description.....Amount Due
2011 Operating Fee............768.94
2011 Reserve Fee...............182.48
2011 Property Tax Fee..........41.13
Total Charges...................$992.55

 

[Wahorn]

Here are some historical numbers that show how fees have increased at the Manor Club...

 

[dioxide45]

2 Bedroom

2011:

Fiscal Year Description.......Amount Due
2011 Operating Fee.............679.36
2011 Reserve Fee...............197.00
2011 Property Tax Fee..........Gold 93.84; Platinum 110.85; Platinum Plus 120.53
Total Charges....................Gold $970.20; Platinum $987.21; Platinum Plus 996.89

2010:

Fiscal Year Description.....Amount Due
2010 Operating Fee............661.72
2010 Reserve Fee...............183.00
2010 Property Tax Fee.........Gold 86.38; Platinum 104.95; Platinum Plus 107.66
Total Charges...................Gold $931.10; Platinum $949.67; Platinum Plus $952.38

Increase:

Gold........................4.2%
Platinum..................4.0%
Platinum Plus...........4.7%

I find the Harbour Lake fee confusing. What you list matches the breakdown of fees and taxes, but there is also a monthly MF+Taxes amount of $78.18 (gold). Multiply that by 12 and it comes out to $938.16

While the increase % is modest at only about 4%. A $40 increase still isn't chump change. Next year Orlando fees will easily go over $1K.

 

[minoter]

The problem with these comparisons is that the information compared is current year budget (2010) to next year's budget(2011). The information is helpful to track maintenance fee increases. However, the BODs should be analyzing the current year (2010) actual and forecast operating amounts compared to the proposed 2011 operating budget. You could have a situation where an operating budget to budget increase is only 1% which might imply good fiscal management. However if the real increase in the 2011 budget based on projected current year spending that is a significantly greater amount, there could be hidden problems in the budgeting process.
A real test of transparency of good fiscal management is a budget built on prior year actual costs, and disclosure to owners of the true increase in actual costs, rather than a budget that likely is out of date. Hopefully the BODs are focused on this distinction. Those percentage increases would be more meaningful than the budget to budget presentation issue to owners.

 

[NJMOM2]

I find the Harbour Lake fee confusing. What you list matches the breakdown of fees and taxes, but there is also a monthly MF+Taxes amount of $78.18 (gold). Multiply that by 12 and it comes out to $938.16

While the increase % is modest at only about 4%. A $40 increase still isn't chump change. Next year Orlando fees will easily go over $1K.

I don't know either. I didn't look at the monthly payments I only added Operating Fee, Reserve Fee and Taxes to come up with a total.

 

[jjking42]

Here are some historical numbers that show how fees have increased at the Manor Club...

nice chart
whats the chance Marriott would post charts like this on the owners side of thier website

 

[rsackett]

nice chart
whats the chance Marriott would post charts like this on the owners side of thier website

Two chances, slim and none, and slim is not looking good!

I timed my Manor Club purchase perfect! I bought in the summer of 2005! I did not want to miss those big increases.

Ray

 

[Big Matt]

Ray,
here's the good news though. The resort is built out and they just did major refurb in MMC. MSE still needs some work, but honestly, that's a lot of reserve fee per unit. You figure that $188 x 52 is about $9800. That's a lot given that there isn't anything major that needs to be done at the resort.

 

[pwrshift]

Thank you Wahorn for making this absolutely clear.

Increases of 11.9% one year and 18.5% the next are obscene. Low MF at MMC made other resorts look bad and it's obvious that Marriott engineered those increases to level the playing field...and the HOA just rolled over and said OK without any consultation with the owners they represent. Pure scam, not skim. jMHO

Here are some historical numbers that show how fees have increased at the Manor Club...

 

[Dave M]

Moderator note: Please keep this thread focused on posting 2011 MFs. Take discussion of fees to another thread.

 

[ada903]

Marriott Desert Spring Villas II, two bedroom

Marriott Desert Spring Villas II

I don't have more breakdown than this, I paid the bill over the phone, I can't see the details in the account

2011 fee for two bedroom two bath = $950.72 (6.2% increase)
property taxes billed separately = $79

 

[Wahorn]

You guys are welcome...I'm an Engineer so I'm used to these types of tables/graphs. I just thought I'd better keep track to see how are fees are doing over the years, especially with the 2007 (11.9%) and 2008 (18.5%). I couldn't believe it when those came out....there has to be a cap on the increase! By 2020, we'll be paying $2000/year, which is probably more than what someone could rent the same unit and not even be an owner.

 

[SpikeMauler]

Revised

Annual Frenchman's Cove 2Br Plat(reg)
2011 - ?
2010 - $1,199.73 (up +5% from previous year)
2009 - $1,134.48 (up +14% from previous year)
2008 - $993.21 (up +15% from previous year)
2007 - $861.18

Property taxes are NOT included.

Annual Frenchman's Cove 2Br Plat(reg)
2011 - $1,276.52 (up +6% from previous year) Operating fee $1,068.37 Reserve fee $208.15
2010 - $1,199.73 ( up +5% from previous year)
2009 - $1,134.48 (up +14% from previous year)
2008 - $993.21 (up +15% from previous year)
2007 - $861.18

Property taxes are NOT included.

 

[jimf41]

Spike,
Where did get the 2011 info for MFC? It's not on the resort page and they haven't emailed me anything yet.

 

[SpikeMauler]

Spike,
Where did get the 2011 info for MFC? It's not on the resort page and they haven't emailed me anything yet.

Jim,
Log in at MVC.com
On the Home page under MANAGE MY ACCOUNT click on TELL ME MORE
Under PAY FEES click on WEEKS OWNER
Under IT'S EASY TO PAY ONLINE click on MAKE PAYMENT
Your 2011 Maintenance Fee should appear

 

[rsackett]

What worked for me was clicking on TELL ME MORE instead of CLICKING HERE.
(See post #47)

Thanks, now I have it!

Marriott Harbour Point, Hilton Head SC

2 BR, 2 BA, fixed week 32, 2011:

Total: $ 1045.70

Fiscal Year ..............Description .............Due Date .............Amount Due
2011 ...................Operating Fee .......... 2011-01-11 ............671.11
2011.................... Reserve Fee ............ 2011-01-11 ...........318.68
2011 .................Property Tax Fee........ 2011-01-11 .............55.91
Total Charges $1045.70



2 BR, 2 BA, fixed week 32, 2010

Fiscal Year............. Description............... Due Date ............Amount Due
2010 ...................Operating Fee ...........2010-01-11 .............632.59
2010 ....................Reserve Fee .............2010-01-11 ..............93.94
2010.................... Reserve Fee .............2010-01-11 .............214.09
2010 .................Property Tax Fee .........2010-01-11 ...............56.22


Total Charges $996.84

4.9% increase.

Ray

 

[SpikeMauler]

Still doesn't work for me. There is no "Tell me more" under Manage My Account.

Jim,
You gotta scroll down the home page. On the left side you'll see manage my account in blue letters with a few sentences underneath it. There you'll see TELL ME MORE.

 

[Dave M]

Moderator note: To keep this thread focused on the posting of 2011 MFs, when they are available, I have deleted a number of posts that are not necessary to the ongoing thread.