Tip 15 - Management Companies

After the developer completes his sales at the resort, the resposibility for managing the resort is turned over to the Homeowners Association (HOA). In most cases the HOA then contracts with a management company to handle the day to day activities of running a resort and communicating with hundreds of individual timeshare owners. The task of selecting a qualified management company is a difficult and time consuming task, but is essential to the long term value of the timeshare resort.

THE QUALITY OF THE TIMESHARE MANAGEMENT COMPANY IS ESSENTIAL IN MAINTAINING AND PRESERVING THE VALUE OF YOUR TIMESHARE RESORT.

With that in mind, management contracts should be limited to 2 or 3 years to give the management company the maximum incentive to provide quality service.

Items to consider when evaluating a new or existing management company:

   1. Where is their main office?
   2. How long have they been in the timeshare business?
   3. How many resorts do they manage?
   4. Do they have a bonus time program?
   5. Do they have an internal exchange program?
   6. Are their resorts RCI, II or both?
   7. What is the quality of their other resorts?
   8. What is ave maintenance fee of their other resorts?
   9. Will they assist you or your agent in showing,     
      renting and selling your timeshare?

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