Collections: Strategies for dealing with key issues facing timeshare resorts
At a recent TBMA conference, Gregory Sheperd, president Meridian Financial Services, discussed critical issues surrounding non-dues paying owners, collections, and the escalating necessity for deed recovery in the timeshare industry. The following is a review of the key issues and strategies for collaborating with an experienced collections agency. Preventing Delinquencies: The Importance of a Comprehensive […]
TIMESHARE BOARDMANSHIP: Capable board service is needed now more than ever!
By Lynne Kweder, Management Consultant Q. One thing I have garnered from your articles is that board service could involve a significant investment of time and effort. I am thinking about running for my timeshare board and have two questions for you: (1) How did you acquire all of your knowledge about timeshare boards? (2) Is serving […]
Revitalizing Your Timeshare Property
By John DLuzansky, Board President, Quality Hill Resort, Pinetop, AZ Our participation in the Timeshare Board Members Association has provided our board with a significant amount of information that’s proven vital for our planning. In this article, I share details about how we adopted programs to prevent our resort from becoming non-viable. Recognizing the Need […]
Funding Timeshare Resort Association Reserves: Key Issues and Solutions
By Gary Porter, FMP, RS, CPA, RRC – CEO of Facilities Advisors International, LLC The challenges related to funding timeshare resort association reserves have never been more critical than they are today. Aging infrastructure, escalating repair costs, and recent catastrophic events like the Champlain Tower South collapse in Florida have raised concerns about the financial […]
A success story of innovation and adaptation
By Michael Kocon, President Board of Directors, Telemark Northwoods Lodging In the world of timeshares, Telemark Northwoods Lodging has had a unique journey. As President of the Board of Directors for the past 13 years and a proud owner and Board member for 15 years, I’ve witnessed our transformation firsthand thanks to an innovative approach […]
Independent Timeshare Resorts Face Common Issues
At a recent conference of the Timeshare Board Members Association (TBMA), Jan Samson, Vice President Corporate and Business Development, and Alex Chamblin, Jr., Executive Vice President Resort Operations with Capital Vacations, headquartered in Myrtle Beach, SC, led a panel discussion about the common issues facing independent timeshare resorts. […]
Funding Options for Timeshare Resorts
By Stacy Dyer, Senior Managing Director, Alliance Association Bank Introduction to Alliance Association Bank Alliance Association Bank is a specialized HOA banking division with over 15 years of experience serving the community association industry. Our expertise extends to various types of associations – including timeshares, homeowner associations, high-rise communities, townhome and condominium associations. Serving over […]
Expect insurance premiums to remain high
By Matt Stauffer As an experienced commercial insurance risk advisor, I have been closely monitoring the insurance industry’s evolving landscape. In 2023 and beyond, one of the most pressing concerns for timeshare resorts has been and will be the significant increase in insurance premiums driven by the growing frequency and severity of natural disasters and […]
Timeshare Resorts in Transition
Lemonjuice Solutions provides valuable insights when planning and exploring options Many timeshare resort board members find themselves facing unique challenges. At a recent Timeshare Board Members Association conference, Lemonjuice Solutions executives Jan Barrow, Vice President of Development, and Scott MacGregor, Executive Vice President & COO, shared their insights and expertise regarding timeshare resorts in transition […]
Timeshare Owners’ Association Board Priorities
By Joe Sebestyen The post-COVID-19 economy has created challenges for our timeshare properties. With rising inflation and the high cost of labor and supplies, having an actively engaged board is important for the success of a resort’s timeshare association. Timeshare boards should focus on these key issues: Non-performing inventory A primary concern for our resorts […]