kim said:
Maintenance wasn't the problem, problem is the 5-15k (have no idea what i units cost) that they are out. FYI your maintenance is a little less than what I'm paying for a 3 br/3br penthouse at the Towers at Mullet Bay
Kim (and also Todd),
I understand that, in this debacle, the owners have lost their initial investment, but nonetheless, in my opinion, the MFs were low and this might have been a contributing factor to the financial situation of the Resort.
Pelican had much lower MFs than Flamingo too. Remember what happened there?
The MFs at Flamingo are considered high compared to other Resorts, that's a fact and I don't deny it. This is why I wrote that I consider them "fair" and not great. But like Scuba said, we need to look at the whole picture.
It's easy to compare MFs, but we also have to compare the rest: amenities, location of the Resort, etc....
Anyway, Flamingo is in much better condition than it was when Sunterra was running it. Our MFs were much lower back then but nothing was done and owners were complaining.
Since Diamond Resorts took over, the MFs have increased noticeably, but the Resort is now better managed. The grounds, the beach, the common areas and the units are in much better condition and all this contributes to making our vacation there much more enjoyable than before.
My 2cts.
.
