TIKI INFORMATION FOR UNIT 338 OR LIKE UNIT |
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| March 3, 2004 | |
| HOA fees include: maintenance, some capital improvements, furniture fund, utilities - electric, water, phone, garbage pickup, satellite dish, and sewage. The monthly fee is $408.21. All bills deducted from monthly fee, if monthly bills total less than $408.21 a check is mailed to the owner. | |
| HOA does not include insurance - master policy is about $630 per year for exterior building and grounds. Secondary plan for interior of unit can be rider to primary h/o policy. | |
| Rental income disbursement based on square footage of unit. | |
| Rental History - | 2003 gross income was $10,651, net was $2,108. |
| 2002 gross income was $11,663, net was $2,759. | |
| Special Assessment o f$3,560 approved for paint, stucco, rebar - exterior improvements. Four payments due over the next two years. | |
| Owner Occupied: | |
| $348.81 HOA per month $19.00 (no tax) per night for stays of thirty days or more this option keeps owner in the rental income distribution pool |
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| IRS - fourteen day owner's time plus one day for annual H/O meeting - s/w accountant about this option. | |
| Maid service not included for owners - can pay
additional for service. There is a mandatory $23.00 fee for clean up the day of departure in order to get the unit ready for the next occupant |
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