Sticky - Official 2023 Maintenance Fee Thread

[Melder]

I noticed a document under Bill History dated Jan 1, 1900 in the Customer Portal. It contains my 2023 Assessment Summary. It states, "This is not a bill" and only contains total values. When I divide by the number of points owned, it appears the Program Fee has increased from $0.68 to $0.70.

Wyndham Grand Desert (Tower 1&2)
2023 Maintenance fees: $4.10
Reserve fund: $1.14
Property tax: $0.17
Total HOA: $5.41

Increase of 5.5% (Grand Desert hasn't seen an increase this big since 2008)

 

[weemoeway]

When I divide by the number of points owned, it appears the Program Fee has increased from $0.68 to $0.70.

Sounds about right. If I am looking at my info properly, since 2018, it has gone up by two cents each year, except for the four cents in 2020.

 

[scootr5]

South Shore
2023 Maintenance fees: $3.56
Reserve fund: $.78
Property tax: $0.15
Total HOA: $4.49
Increase of 0.01%

 

[scootr5]

I noticed a document under Bill History dated Jan 1, 1900 in the Customer Portal. It contains my 2023 Assessment Summary. It states, "This is not a bill" and only contains total values. When I divide by the number of points owned, it appears the Program Fee has increased from $0.68 to $0.70.

Interestingly, mine shows the program fee remaining at $0.68. Edited to add, the word "remaining" was an error - it's a .02 cent increase for this year (hopefully they fully utilize it to continue providing the excellent we experience for us to use).

 

[Melder]

Interestingly, mine shows the program fee remaining at $0.68.

That's odd.

 

[weemoeway]

They don't have the spot on the bottom left of the Assessment that shows the actual Program Fee Rate anymore?

 

[paxsarah]

Ocean Boulevard III
2023 Maintenance fees: $4.33
Reserve fund: $1.19
Property tax: $0.25
Total HOA: $5.77
Increase of 6.9%

Ocean Boulevard (I, I think - the phase/tower isn't labeled)
2023 Maintenance fees: $5.37
Reserve fund: $1.60
Property tax: $0.25
Total HOA: $7.22
Increase of 7%


Flagstaff F/W
2023 Maintenance fees: $841.08
Reserve fund: $180.00
Property tax: $27.24
Total HOA: $1048.32
Increase of 14%
(For my 182k point contract, the MF/k comes out to $5.76)

I also own Grand Desert, same as in a previous post. My Program Fee comes to $0.68 for resale, an increase from $0.66.

The second Ocean Boulevard I was already planning to give away (probably CE) as soon as my newest contract hits my account. The Flagstaff increase is a big oof. It's certainly not the low-MF gem it was a couple of years ago after 2 years of double-digit increases.

 

[markb53]

---

Panama City Beach
2023 Maintenance Fee 4.13
Reserve Fund. .16
Property Tax. .15
Total HOA Fee. 5.00
Increase 6.2%

Club Wyndham Access
2023 Maintenance Fee 7.06
Reserve Fund. .16
Total HOA Fee. 7.22
Increase 4.2%

My calculation of the program fee for retail purchase (with Plus Partners) $.70/k

Pretty happy with the relatively small increase in CWA my average point cost went from 6.80/k to 7.11/k including the program fee for an average increase of 4.6% including the increase in the program fee.

 

[paxsarah]

They don't have the spot on the bottom left of the Assessment that shows the actual Program Fee Rate anymore?

It's not exactly the same as previous assessments. I hope they actually mail one that's the same as before, but this is sort of in Paymentus format made to look similar (but with far less detail) than the usual assessment letters.

 

[rickandcindy23]

I love that Wyndham doesn't increase fees by 10-25% like other management companies. There are some great things to love about Wyndham.

Did you get your annual fee statements in the mail? I haven't gotten mine, I don't think. I found 2022's yesterday by chance.

 

[cbyrne1174]

Royal Garden: $5.61
Towers on the Grove: $5.33
Grand Desert 1 and 2: $5.41
Grand Desert 3: $5.51
Smoky Mountains Gov Crossing II: $5.95

 

[scootr5]

That's odd. View attachment 69434View attachment 69435

Disregard my error please

 

[paxsarah]

View attachment 69462

$.68 resale, $.70 PlusPartners?

 

[scootr5]

$.68 resale, $.70 PlusPartners?

That's correct, too much cold medicine this week for me. It was $.66 and $.68 for 2022 (perhaps @HitchHiker71 can add that to the spreadsheet as 2022 seems to be missing).

 

[paxsarah]

It's not exactly the same as previous assessments. I hope they actually mail one that's the same as before, but this is sort of in Paymentus format made to look similar (but with far less detail) than the usual assessment letters.

Welp, no. The mailed version is the same as the Paymentus version, meaning you have to do your own math to get the MF rate on each property. It does have the second page that lists the program fee and other related info.

2023 program fees:
PlusPartners: $.70/k with a minimum of $195
non-PlusPartners: $.68/k with a minimum of $175
PR: $.78/k for the first million, then $.70/k

(Break-even on the minimum program fee is 279k for PP, 258k for non-PP.)

 

[weemoeway]

It's not exactly the same as previous assessments. I hope they actually mail one that's the same as before, but this is sort of in Paymentus format made to look similar (but with far less detail) than the usual assessment letters.

Mine finally showed up online. The new format is annoying. Biggest annoyance is there are rounding issues. For instance, in order for my figures to match the $2.75, $0.78, $0.41 found in the Canterbury budget for Operating Fee, Reserves, Property Taxes, I actually have to use $2.74986, $0.78, $0.40986. But, I won't trust the budget figures necessarily, as it had $2.63 for operating fees last year, but the assessment showed $2.64.

Also the Program fee doesn't show the PIC vs UDI breakdown anymore, only the total. I ultimately had to use $0.69996 as my Program Fee rate for the total to match.

 

[lotus921v]

Shearwater went up 7.5%

 

[Timeshare Von]

I just received our 2023 statement from Wyndham for our 77k points at Westwinds in Myrtle Beach.

MF $489.00
Reserve Fund $188.64
Property Taxes $31.56
Program Fee $174.97
Grand Total $884.17 (or $73.68/month via direct ACH payment)

 

[rickandcindy23]

Shearwater went up 7.5%

That's a big increase. I am glad I trade into that one.

 

[markb53]

I just received our 2023 statement from Wyndham for our 77k points at Westwinds in Myrtle Beach.

MF $489.00
Reserve Fund $188.64
Property Taxes $31.56
Program Fee $174.97
Grand Total $884.17 (or $73.68/month via direct ACH payment)

So It looks like that is a MF of $9.21/k + the program fee.

 

[ausman]

So It looks like that is a MF of $9.21/k + the program fee.

No, you really can not say that. Not everything in Wyndham can be that absolute. Westwinds consists of 1BR and 2BR units that are converted to Wyndham points.

You can look at the points charts for Westwinds and see that 77k points is a 2BR in Quite time. The MF for that unit is $884.17 as posted by Timeshare Von and that 2br unit in Prime time is worth 175K which is $5.05/K. Depending on what week number was converted to WYN and the points granted will give the MF per K but all owners of a two bedroom will be paying $884.17 in MF's.

We, collectively, have lost knowledge when owners of converted weeks don't report the unit size and points granted when reporting MF's. the last comprehensive listing for converted weeks MF's date to 2017.

 

[paxsarah]

No, you really can not say that. Not everything in Wyndham can be that absolute. Westwinds consists of 1BR and 2BR units that are converted to Wyndham points.

You can look at the points charts for Westwinds and see that 77k points is a 2BR in Quite time. The MF for that unit is $884.17 as posted by Timeshare Von and that 2br unit in Prime time is worth 175K which is $5.05/K. Depending on what week number was converted to WYN and the points granted will give the MF per K but all owners of a two bedroom will be paying $884.17 in MF's.

We, collectively, have lost knowledge when owners of converted weeks don't report the unit size and points granted when reporting MF's. the last comprehensive listing for converted weeks MF's date to 2017.

That was the first thing I thought, but looking at the historic MF spreadsheet gives a 2BR in 2017 (the last year it was updated for Westwinds) as $1004.74 - so it seems very strange to me that a 2BR six years later would have decreased to $884.17. Then I was wondering if maybe the 77k was instead based on a 154k biennial (which would equal a 2BR in high season), which would be a steep increase - the equivalent of going from $1004 to $1768 in six years (around a 12% increase annually), which also seems unusual. And then I wondered if Westwinds had some UDI contracts that I wasn't aware of. But regardless, my takeaway is that the MFs at Westwinds are probably not good and to avoid them if I'm looking at resales.

 

[paxsarah]

That was the first thing I thought, but looking at the historic MF spreadsheet gives a 2BR in 2017 (the last year it was updated for Westwinds) as $1004.74 - so it seems very strange to me that a 2BR six years later would have decreased to $884.17. Then I was wondering if maybe the 77k was instead based on a 154k biennial (which would equal a 2BR in high season), which would be a steep increase - the equivalent of going from $1004 to $1768 in six years (around a 12% increase annually), which also seems unusual. And then I wondered if Westwinds had some UDI contracts that I wasn't aware of. But regardless, my takeaway is that the MFs at Westwinds are probably not good and to avoid them if I'm looking at resales.

Oops, I was taking that $884.17 and not backing out the program fee. Backing out the program fee I've got $709, or for a 154k equivalent it would be $1418, and the annual increase from what's on the MF spreadsheet would be a 6.9% annual increase which is much more plausible.

My conclusion (Westwinds not a good choice as a resale target due to questionable MFs) remains the same, at least for my own purposes.

 

[paxsarah]

And then I wondered if Westwinds had some UDI contracts that I wasn't aware of.

A little more searching and that appears to be the likely answer: https://tugbbs.com/forums/threads/using-2013-and-2014-points.196247/page-2#post-1504277

 

[markb53]

---

Panama City Beach
2023 Maintenance Fee 4.13
Reserve Fund. .16
Property Tax. .15
Total HOA Fee. 5.00
Increase 6.2%

Club Wyndham Access
2023 Maintenance Fee 7.06
Reserve Fund. .16
Total HOA Fee. 7.22
Increase 4.2%

My calculation of the program fee for retail purchase (with Plus Partners) $.70/k

Pretty happy with the relatively small increase in CWA my average point cost went from 6.80/k to 7.11/k including the program fee for an average increase of 4.6% including the increase in the program fee.

Discovered I entered the incorrect amount for the reserve fund for Panama City Beach. It should be .72 the $5.00 total is correct.