Vacation Village Maintenance Costs

[Tamaradarann]

The Maintenance Costs of a Timeshare includes a item to cover those owners who DON'T PAY THEIR MAINTENANCE. Some owners really do not have the funds to pay their maintenance. Others don't pay their maintenance because they no longer vacation or use the timeshare so they don't want to spend money on something they don't want or need. Vacation Village does not have a Deedback Program. Therefore, when owners don't want to pay their maintenance any longer they cannot just Deedback their timeshare to Vacation Village and be done with it. Instead when owners don't want to pay their maintenance any longer they just stop paying!

There has been alot of talk about the rise in insurance and reserve fee coverage in Florida. I just looked at the Vacation Village statement for my maintenance for Msiner Place for 2025 and the largest item was for the Reserrve for Bad Debt at $257. Do something Vacation Village and Deedback the timeshares.

 

[CYRUS2400]

I agree 100%, Vacation Village should allow deed backs. They'd have more product to either sell or put into a rental program. VV needs to evolve and that may mean that they try other models for using/monetizing all of their unsold inventory. The portion of MF's going to bad debt is only going to increase, resulting in more bad debt. VV needs to act before MF's go much higher!!!

 

[iftravel]

The Maintenance Costs of a Timeshare includes a item to cover those owners who DON'T PAY THEIR MAINTENANCE. Some owners really do not have the funds to pay their maintenance. Others don't pay their maintenance because they no longer vacation or use the timeshare so they don't want to spend money on something they don't want or need. Vacation Village does not have a Deedback Program. Therefore, when owners don't want to pay their maintenance any longer they cannot just Deedback their timeshare to Vacation Village and be done with it. Instead when owners don't want to pay their maintenance any longer they just stop paying!

There has been alot of talk about the rise in insurance and reserve fee coverage in Florida. I just looked at the Vacation Village statement for my maintenance for Msiner Place for 2025 and the largest item was for the Reserrve for Bad Debt at $257. Do something Vacation Village and Deedback the timeshares.

Do you see any rental income breakdown? I’m curious if they earn anything from the rental (available from Daily Management website).

 

[quhines]

I agree, I hope VV does evolve and join the other Major Timeshare Companies and develop some type of Deedback Program.

 

[montygz]

To deedback a timeshare, it is usually required to have it paid off with no liens. Annual maintenance fees need to be paid up, sometimes for a couple years in advance as well.

While a deedback program would be great, it would unlikely do much to move the needle on bad debt. Most people just walk away and owe thousands.

A plan for the resort to recover defaulted units faster would certainly help, but there are legal hoops that have to be jumped through to get there.

 

[iftravel]

To deedback a timeshare, it is usually required to have it paid off with no liens. Annual maintenance fees need to be paid up, sometimes for a couple years in advance as well.

While a deedback program would be great, it would unlikely do much to move the needle on bad debt. Most people just walk away and owe thousands.

A plan for the resort to recover defaulted units faster would certainly help, but there are legal hoops that have to be jumped through to get there.

yeah, one way is to turn sales office to "resales office". I am sure it's a much easier job for sales to convince potential buyers to take over a week for free.

 

[Tamaradarann]

To deedback a timeshare, it is usually required to have it paid off with no liens. Annual maintenance fees need to be paid up, sometimes for a couple years in advance as well.

While a deedback program would be great, it would unlikely do much to move the needle on bad debt. Most people just walk away and owe thousands.

A plan for the resort to recover defaulted units faster would certainly help, but there are legal hoops that have to be jumped through to get there.

Whle the Hilton Grand Vacation Deedback Program required the loan to be paid off maintenance for years ahead is not required.

 

[Tamaradarann]

yeah, one way is to turn sales office to "resales office". I am sure it's a much easier job for sales to convince potential buyers to take over a week for free.

The Sales Offices are always selling "resales" as well as new properties that haven't yet been sold. They never sell the timeshares properties for "free". However, you are correct that by Deeding Back timeshares that they have already sold they get inventory for free which they can discount and still make a good deal of money selling.

Just think if a company will not Deed Back a Timeshare Week for free, their opinion of what they sold if that it is worth less than ZERO.

 

[iftravel]

The Sales Offices are always selling "resales" as well as new properties that haven't yet been sold. They never sell the timeshares properties for "free". However, you are correct that by Deeding Back timeshares that they have already sold they get inventory for free which they can discount and still make a good deal of money selling.

Just think if a company will not Deed Back a Timeshare Week for free, their opinion of what they sold if that it is worth less than ZERO.

Very true. The bright side is it costs nothing to adopt a good week with tremendous exchange value. If they have a deedback program, I doubt we would see so much supply.

 

[Tamaradarann]

Very true. The bright side is it costs nothing to adopt a good week with tremendous exchange value. If they have a deedback program, I doubt we would see so much supply.

I agree with you as far as the exchange value. We have a 2 BR Vacation Village week at Misner Place and get 86500 points every year. We have used those points to exchange to so many places. Over the last 3 years we have been using those points each year to get great close vacations in Hawaii; in 2022 a 2 BR in Kauai for a week, in 2023 a 2 BR in Maui for a week, in 2024 a 1 BR in Kauai for 2 weeks. In 2025 we have a 1 BR in Kauai for 2 weeks again. It is a 20 to 30 minute plane ride for us for Great exchanges.

 

[Tamaradarann]

I agree with you as far as the exchange value. We have a 2 BR Vacation Village week at Misner Place and get 86500 points every year. We have used those points to exchange to so many places. Over the last 3 years we have been using those points each year to get great close vacations in Hawaii; in 2022 a 2 BR in Kauai for a week, in 2023 a 2 BR in Maui for a week, in 2024 a 1 BR in Kauai for 2 weeks. In 2025 we have a 1 BR in Kauai for 2 weeks again. It is a 20 to 30 minute plane ride for us for Great exchanges.

By the way I don't want the numbers of exchanges to Kauai to seem like the availability for exchanges is mostly to Kauai in Hawaii. In the past we have used the points from our Misner Place week to go to the Island of Hawaii and Honolulu on Oahu. However, since our HGVC timeshares exchange so well to Waikaloa on Hawaii Island and Honolulu on Oahu Island we use those when we want to go there since the exchange fee is much less than RCI and HGVC does not have a timeshare on Kauai.

 

[Bill8777]

yeah, one way is to turn sales office to "resales office". I am sure it's a much easier job for sales to convince potential buyers to take over a week for free.

I'm sure it would but then who would buy full price? LOL. I got my VV for free on eBay.

 

[Tamaradarann]

I'm sure it would but then who would buy full price? LOL. I got my VV for free on eBay.

Many people who go to these presentations are not familiar with the resale secondary market so they buy full price. We are one of them back in 2006.

 

[AwayWeGo]

Every time we take an RCI Last Call or Bonus Week reservation, it amazes me that for $350 or so we're getting 1 week for which somebody paid $1,000+ in maintenance fees.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 

[montygz]

Every time we take an RCI Last Call or Bonus Week reservation, it amazes me that for $350 or so we're getting 1 week for which somebody paid $1,000+ in maintenance fees.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

Some of that inventory may come from defaulted units. Some may come from units the developer has yet to sell.

I doubt it is all from people who just didn't use their weeks.

Also, using points, some weeks have more value than others. If owners spend all their timeshare points on expensive weeks, it can leave inventory available elsewhere in the year.

Timeshares aren't always full, thus getting $350 is better than getting $0. The discounts also work as an incentive to get people to buy timeshares.

 

[escanoe]

Timeshares aren't always full, thus getting $350 is better than getting $0. The discounts also work as an incentive to get people to buy timeshares.

The $350 isn’t going to the developer/timeshare. It is going to RCI. If it is a developer moving their inventory (unlikely most of the time, in my view), they are getting a small cut.