Why does everyone want out of Vacation Village in Orlando, FL? What am I missing?

[Tamaradarann]

We use our points in Hawaii!

 

[iftravel]

We use our points in Hawaii!

Awesome! Curious which resort and how many points? I will have 61k EOY and think if it gets a week in Hawaii every several years (if I borrow 61k, could afford 122k).

 

[Tamaradarann]

Awesome! Curious which resort and how many points? I will have 61k EOY and think if it gets a week in Hawaii every several years (if I borrow 61k, could afford 122k).

We have used our RCI points on every island over the last 15 years. Beacuse we are HGVC owners as well as having an RCI Points we have never used the RCI points at the Hilton Hawaiian Village, but have stayed there for many nights. We probably could have. We have used our RCI points:
On Oahu at the Imperial Hawaii Vacationi Club on Lewers, and Lifetime in Hawaii on Kuhio.
On Maui at the Maui Lea in Kihei and Sands of Kahana in Kahana
On Kauai at Club Wyndham Ka'eo Kai in Princville, Lawai Beach Resort in Koloa, Pono Kai Resort in Kapaa
On Hawaii Island at the Club Wyndham Kona Hawaiian Resort and The Bay Club HGVC. Since we are HGVC Owners we usually use our HGVC points on Hawaii Island to stay at HGVC resorts

I hope this helps.

 

[Tamaradarann]

We have used our RCI points on every island over the last 15 years. Beacuse we are HGVC owners as well as having an RCI Points we have never used the RCI points at the Hilton Hawaiian Village, but have stayed there for many nights. We probably could have. We have used our RCI points:
On Oahu at the Imperial Hawaii Vacationi Club on Lewers, and Lifetime in Hawaii on Kuhio.
On Maui at the Maui Lea in Kihei and Sands of Kahana in Kahana
On Kauai at Club Wyndham Ka'eo Kai in Princville, Lawai Beach Resort in Koloa, Pono Kai Resort in Kapaa
On Hawaii Island at the Club Wyndham Kona Hawaiian Resort and The Bay Club HGVC. Since we are HGVC Owners we usually use our HGVC points on Hawaii Island to stay at HGVC resorts

I hope this helps.

There is no way that I can remember the number of points that I used for each stay. Since the point valuations have changed over the years, the number of points needed in 2009 would be different than in 2024. Some of these stays were for Studios, One Bedroon and Two Bedroom accomodations. If I recall some were as low as 35,000 points and others as high as 105,000 points. Most of these resorts are or were Gold Crown though one or two may be Silver Crown.

 

[wmgjr]

50 active give always timeshares, something is happening at this resort.

It already happened. Fl 3 story condo law

 

[Tamaradarann]

It already happened. Fl 3 story condo law

I am not sure what FL 3 story condo law is?

 

[Tamaradarann]

50 active give always timeshares, something is happening at this resort.

I am not sure what resort you are talking about but if Vacation Village doesn't stepup and do Deedbacks you are going to see owners that want to stop paying their maintenance first, giving their timeshares away, and then if they can't even give them away just stop paying their maintenance.

 

[pedro47]

I am not sure what resort you are talking about but if Vacation Village doesn't stepup and do Deedbacks you are going to see owners that want to stop paying their maintenance first, giving their timeshares away, and then if they can't even give them away just stop paying their maintenance.

Good morning,
My post was posted October 12, 2022.. Please look at the date of my post and the month & year this thread was started.
This thread was started by GLobbins57 on October 11, 2022..
There are over ten difference posts on this thread including yours.

 

[Tamaradarann]

Good morning,
My post was posted October 12, 2022.. Please look at the date of my post and the month & year this thread was started.
This thread was started by GLobbins57 on October 11, 2022..
There are over ten difference posts on this thread including yours.

You are correct I should have known that the resort was Vacation Village in Orlando. We have stayed there about 10 years ago using points from another Vacation Village Resort. The resort was fine and the location, while not in Disney, is close enough to visit Disney, Universal, and Sea World.

As far as the price to sell Vacation Village in Orlando, any other Vacation Village Resort, or most any other Timeshare in General is going to be low due to Supply and Demand. There are many more timeshares up for sale in the seecondary market than there are willing buyers. That is why I am suggesting that Vacatoin Village needs to do Deedbacks like other major Timeshare Companies have done. If they don't the onwers of more and more of their Timeshare Units are going to stop paying their maintenance.

 

[TheTimeTraveler]

I am not sure what FL 3 story condo law is?

If you Google "Florida SB 4-D" you will be able to read all about it.

Basically, it affects all timeshare and condo buildings which are three stories or higher beginning January 1st, 2025.








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[Cyberc]

If you Google "Florida SB 4-D" you will be able to read all about it.

Basically, it affects all timeshare and condo buildings which are three stories or higher beginning January 1st, 2025.








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But how is that a bad thing? MF shouldn’t be impacted because the money should already be set aside. If that’s not the case it’s a different story.


These updated provisions aim to ensure the safety and structural integrity of buildings in Florida. By mandating comprehensive inspections and timely repairs, the legislation seeks to reduce potential risks posed by structural deterioration and unsafe conditions in buildings across the state.

 

[TheTimeTraveler]

But how is that a bad thing? MF shouldn’t be impacted because the money should already be set aside. If that’s not the case it’s a different story.


These updated provisions aim to ensure the safety and structural integrity of buildings in Florida. By mandating comprehensive inspections and timely repairs, the legislation seeks to reduce potential risks posed by structural deterioration and unsafe conditions in buildings across the state.

In my opinion it is not a bad thing, but Florida has many Timeshares and Condominiums within the State. Many (maybe most) of the condominiums have NEVER had reserve funds and don't have a nickel to reach for during an emergency repair without imposing a special assessment. I would think most Timeshares would have ongoing reserves since day one (whether or not they're strong enough is another issue).








.

 

[pedro47]

Question is a basement counted as a floor?

 

[Tamaradarann]

In my opinion it is not a bad thing, but Florida has many Timeshares and Condominiums within the State. Many (maybe most) of the condominiums have NEVER had reserve funds and don't have a nickel to reach for during an emergency repair without imposing a special assessment. I would think most Timeshares would have ongoing reserves since day one (whether or not they're strong enough is another issue).








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In Hawaii there is a law that you must have a full reserve study done every 3 years, and our Condo has an updated one done every year in August when we start the budget planning for the next year. Our Reserve is in excess of 5 million dollars. Without an updated Reserve Study I don't know how a Condo can plan or fund anything but the day to day operations. Doing Special Assessments for all Capital Items is like passing the hat everytime you need money for everything.

 

[Tamaradarann]

You are correct I should have known that the resort was Vacation Village in Orlando. We have stayed there about 10 years ago using points from another Vacation Village Resort. The resort was fine and the location, while not in Disney, is close enough to visit Disney, Universal, and Sea World.

As far as the price to sell Vacation Village in Orlando, any other Vacation Village Resort, or most any other Timeshare in General is going to be low due to Supply and Demand. There are many more timeshares up for sale in the seecondary market than there are willing buyers. That is why I am suggesting that Vacatoin Village needs to do Deedbacks like other major Timeshare Companies have done. If they don't the onwers of more and more of their Timeshare Units are going to stop paying their maintenance.

By doing Deedbacks Vacation Village, like other timeshare companies with strong sales programs, can then sell the units that they take back without any cost of getting the inventory. They don't need to build more buildings to have inventory to sell. It is a win win for them.

 

[Cyberc]

By doing Deedbacks Vacation Village, like other timeshare companies with strong sales programs, can then sell the units that they take back without any cost of getting the inventory. They don't need to build more buildings to have inventory to sell. It is a win win for them.

Problem with that approach is that by taking back inventory somebody need to cover that MF - if VVP takes them they need to cover it.

By building new, VVP can wait until sold by declaring that inventory as part of the association. Undeclared inventory can be rented etc and does not cost any MF.

 

[youppi]

Problem with that approach is that by taking back inventory somebody need to cover that MF - if VVP takes them they need to cover it.

By building new, VVP can wait until sold by declaring that inventory as part of the association. Undeclared inventory can be rented etc and does not cost any MF.

Building new is a huge investment.
In the short term, it is cheaper to pay the MF on the free units inventory they take back and rent them until they sell them again than building a new resort.

 

[Tamaradarann]

Problem with that approach is that by taking back inventory somebody need to cover that MF - if VVP takes them they need to cover it.

By building new, VVP can wait until sold by declaring that inventory as part of the association. Undeclared inventory can be rented etc and does not cost any MF.

I agree that if VVP takes back a deed they need to cover the maintenance until it is sold again. That could be quickly knowing that they are actively selling timeshares all the time and they can price Deeded Back units lower than their other inventory that they are selling at a presentation since it costs them nothing to take it back. "I got a good deal for you"

However, I wasn't aware of what you are saying about newly built timeshare units. The Association, owners of units in a resort that is partially sold, is responsible for paying the maintenance on the unsold units? That doens't seem right since at the beginning of selling units in a resort only say 10% could be sold but the entire building and property needs to be maintained.

 

[Cyberc]

I agree that if VVP takes back a deed they need to cover the maintenance until it is sold again. That could be quickly knowing that they are actively selling timeshares all the time and they can price Deeded Back units lower than their other inventory that they are selling at a presentation since it costs them nothing to take it back. "I got a good deal for you"

However, I wasn't aware of what you are saying about newly built timeshare units. The Association, owners of units in a resort that is partially sold, is responsible for paying the maintenance on the unsold units? That doens't seem right since at the beginning of selling units in a resort only say 10% could be sold but the entire building and property needs to be maintained.

The HOA or anyone else is not responsible for the MF for unsold inventory.

However undeclared inventory does not require MF.

What the developer typically do is that they declare xx number of units into the association. Those units can then be sold to customers. Declared units normally require the owner, in this case the developer to pay MF. However the developer in many case have an agreement with the HOA that they don’t pay MF for any units they own - BUT instead they cover any shortcomings in the budget. That way the developer does not need to pay any MF and the HOA doesn’t lose any money or doesn’t need to factor in the shortcomings in the MF for the additional owners to pay.

Additionally the undeclared inventory can’t be used by owners only declared units can. Until declared the developer can use those units as he sees fit.

 

[Cyberc]

Building new is a huge investment.
In the short term, it is cheaper to pay the MF on the free units inventory they take back and rent them until they sell them again than building a new resort.

Maybe and maybe not. Have in mind that VVP(not the developer) could be on the hook for the MF. That wouldn’t be the case with a new building.

Also with a deed back program VVP risk that they get all the unwanted weeks back that they perhaps can’t sell.

If VVP in fact are the developer then they could have the agreement in place as mentioned in my previous post - they cover the shortcomings in the budget. However the more inventory they own the bigger the shortcomings might be hence they would need to pay more than they perhaps are comfortable with.

 

[Tamaradarann]

The HOA or anyone else is not responsible for the MF for unsold inventory.

However undeclared inventory does not require MF.

What the developer typically do is that they declare xx number of units into the association. Those units can then be sold to customers. Declared units normally require the owner, in this case the developer to pay MF. However the developer in many case have an agreement with the HOA that they don’t pay MF for any units they own - BUT instead they cover any shortcomings in the budget. That way the developer does not need to pay any MF and the HOA doesn’t lose any money or doesn’t need to factor in the shortcomings in the MF for the additional owners to pay.

Additionally the undeclared inventory can’t be used by owners only declared units can. Until declared the developer can use those units as he sees fit.

In this post you stated:
"What the developer typically do is that they declare xx number of units into the association. Those units can then be sold to customers. Declared units normally require the owner, in this case the developer to pay MF." So for all intents and purposes Deeding Back Units is basically adding declared units to their inventory to be sold. I know you mentioned that they have an agreement with the HOA to not pay Maintenance but cover any shortcomings in the budget. They could make the same agreement with the HOA, however, the phase "any shortcomings in the budget" personally concerns me! Would delinquent paying owners create shortcomings in the budget that the developer would cover or would the other maintenance paying owners have to foot that bill?

If the Developer picks up that tab then I am good. If the other maintenance paying owners have their maintenance go up to cover the maintenance that the delinquent owners are not paying then I am back again with wanting the Vacation Village to do Deedbacks and then sell that inventory to get new maintenance paying owners. Otherwise, owners who no longer use and want their Vacation Village timeshares are going to stop paying their maintenance and like I said above the good maintenance paying owners will be footing the bill.

 

[Tamaradarann]

Maybe and maybe not. Have in mind that VVP(not the developer) could be on the hook for the MF. That wouldn’t be the case with a new building.

Also with a deed back program VVP risk that they get all the unwanted weeks back that they perhaps can’t sell.

If VVP in fact are the developer then they could have the agreement in place as mentioned in my previous post - they cover the shortcomings in the budget. However the more inventory they own the bigger the shortcomings might be hence they would need to pay more than they perhaps are comfortable with.

You are correct that they may get back unwanted weeks back. However, by pricing them correctly and adding the points program instead of the weeks program to the sales package they could sell any week. It is all how they are marketed. Briefly, for instance if at a presentation an "unwanted week" which gets 3/4 of the points of a "wanted week" is priced at 1/2 the cost it will sell to someone who wants to buy something but doesn't want to pay alot.

 

[chriskre]

The amenities fee of $25 or $30 is actually not payable by owners not even if you come in through RCI At least not for Grandview owners.

im a grandview owner too and are part of a Facebook group and they tell that the resort try to charge you the fee and if you can’t convince them they shouldn’t as you are an owner then you should ask to talk to the manager as he is informed.

I assume that this policy is in place for all dailymanagement resort hotels so it might be worth a try.

I own at VVP and often stay at Weston and they do not charge me the resort fee because I tell them I am an owner.
I've also not paid it at the Berkshires and Palm beach shores but you do have to remind them that you are an owner.

 

[chriskre]

I think this is right. We have been to their Palm Beach Shores location many many times, usually in February. It's not going to win any fit-and-finish awards, but it is in a super location right on the beach, it is comfortable, and has some nice amenities. I suspect if we hadn't taken an exchange there, we'd never have given it a second glance, but now that we've stayed there it's on our "that's a place we'd go back to" list. But, it's also between two super nice Marriotts, both also on the beach, and both much swankier.

During the Pandemic Daily Management Resorts the resort group that runs Vacation village did a special for $99/week for owners thru RCI to Palm beach shores which I was able to take advantage of for a summer week. I usually do an exchange to the Marriotts but was pleasantly surprised at how nice this place is. Not as swanky as you say, definitely needs updating, but still a very nice getaway and definitely I'd return. I didn't care for the parking fee but it wasn't outrageous. I think it was $12 or $20 a night. No pressure to do the timeshare tour either.

This year they gave us a bonus week for $299 to Massanutten which included all prime weeks including July 4th.
It was a great deal but unfortunately my family couldn't agree on a date in time to take advantage of it.
I'll keep an eye out for it every year.
We also get a resort certificate every year that's equivalent to about 10 tpus which you just pay an exchange fee on.
For an RCI points ownership it isn't a bad deal.
I own a Triennial unit so get 24K points a year which goes pretty far in RCI if you choose wisely.
I've done 2 exchanges this year already to Wyndham Cypress Palms and Oyster Point and I still have points left over
and my resort certificate which I'll probably use in Orlando.
My MF's are cheap on the triennial at around $400 a year paid every 3 years. It's the RCI fees that add up.

 

[Tamaradarann]

During the Pandemic Daily Management Resorts the resort group that runs Vacation village did a special for $99/week for owners thru RCI to Palm beach shores which I was able to take advantage of for a summer week. I usually do an exchange to the Marriotts but was pleasantly surprised at how nice this place is. Not as swanky as you say, definitely needs updating, but still a very nice getaway and definitely I'd return. I didn't care for the parking fee but it wasn't outrageous. I think it was $12 or $20 a night. No pressure to do the timeshare tour either.

This year they gave us a bonus week for $299 to Massanutten which included all prime weeks including July 4th.
It was a great deal but unfortunately my family couldn't agree on a date in time to take advantage of it.
I'll keep an eye out for it every year.
We also get a resort certificate every year that's equivalent to about 10 tpus which you just pay an exchange fee on.
For an RCI points ownership it isn't a bad deal.
I own a Triennial unit so get 24K points a year which goes pretty far in RCI if you choose wisely.
I've done 2 exchanges this year already to Wyndham Cypress Palms and Oyster Point and I still have points left over
and my resort certificate which I'll probably use in Orlando.
My MF's are cheap on the triennial at around $400 a year paid every 3 years. It's the RCI fees that add up.

Your points that you stress about how valuable your Vacation Village/Daily Management Ownership is great. I also have had many great vacations including all of the Major Hawaiian Islands with my Vacation Village/Daily Management Ownership. However, you mention that you own a triennial so your miantenance is around $400/year which is very reasonable. If you owned every year like we and many other do you maintenance would be around $1200/year which is not so reasonable.

Furthermore, the issue about Vacation Village/Daily Management addressing the needs of owners that are no longer using their timeshares and want to stop paying their maintenance is important. They should be offering Deedbacks so that owners don't just stop paying their maintenance which raises the maintenance for the other owners that are paying their maintenance!