Tax cuts and owners’ associations

By Lena Combs In December of 2017, the President signed into law the Tax Cuts and Jobs Act, which provided sweeping tax changes for the first time in 30 years. In more than 500 pages, the legislation contains numerous changes, some perceived as favorable and some unfavorable. In all of those pages, however, very little […]

Is your resort gearing up for the future?

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Plan now for 2018 resort insurance

By Scott McGinness Thanks to Hurricanes Harvey, Irma, and Maria, timeshare resorts and businesses in general should prepare now for increased property-insurance premiums, and perhaps diminished availability of coverage in 2018. This is true particularly for resorts in coastal areas. Getting an early start on the insurance renewal, perhaps 120 days in advance of the […]

What You Should Know About Your Reserve Study

By Gary Porter The reserve study is the budget tool used to determine the reserve portion of your annual maintenance fees. Reserve assessments generally represent 15 to 25 percent of the total maintenance fee. No rule of thumb is available to guide you as to what that amount should be. Every resort is different, so […]

Exchange Company Services

By George Leposky, Editor TimeSharing Today Timeshare exchange companies have expanded their services far beyond their traditional exchange function, adding new solutions to help developers and owners’ associations with other aspects of resort operations. These include methods to increase occupancy through rental and other on-site revenue streams, and alternative financing arrangements to pay for long-deferred […]

An Insurance Overview

Scott McGinness, Vice President, Gregory & Appel Insurance By George Leposky, Editor, TimeSharing Today Recent Timeshare Board Members Association meetings have zeroed in on specific aspects of insurance coverage for timeshare resorts, such as business interruption, cyber insurance, and directors and officers. At the fall 2017 meeting in Las Vegas, Scott McGinness, vice president of Gregory […]

Meet & Greet at TBMA

By Phil Hixson, Board Member, Stoneridge Resort What was the best way to plunge into the fall 2017 Timeshare Board Members Association conference in Las Vegas, NV? By attending a Meet & Greet session on Sunday afternoon, of course! Two sessions run concurrently, one for board members, the other for resort managers. During these sessions […]