The following warnings occurred:
Warning [2] Undefined variable $newpmmsg - Line: 24 - File: global.php(813) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/global.php(813) : eval()'d code 24 errorHandler->error
/global.php 813 eval
/showthread.php 24 require_once
Warning [2] Undefined array key "style" - Line: 874 - File: global.php PHP 8.1.27 (Linux)
File Line Function
/global.php 874 errorHandler->error
/showthread.php 24 require_once
Warning [2] Undefined property: MyLanguage::$lang_select_default - Line: 5014 - File: inc/functions.php PHP 8.1.27 (Linux)
File Line Function
/inc/functions.php 5014 errorHandler->error
/global.php 874 build_theme_select
/showthread.php 24 require_once
Warning [2] Undefined array key "additionalgroups" - Line: 6953 - File: inc/functions.php PHP 8.1.27 (Linux)
File Line Function
/inc/functions.php 6953 errorHandler->error
/inc/functions.php 5041 is_member
/global.php 874 build_theme_select
/showthread.php 24 require_once
Warning [2] Undefined property: MyLanguage::$bottomlinks_returncontent - Line: 6 - File: global.php(901) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/global.php(901) : eval()'d code 6 errorHandler->error
/global.php 901 eval
/showthread.php 24 require_once
Warning [2] Undefined array key "mybb" - Line: 1919 - File: inc/functions.php PHP 8.1.27 (Linux)
File Line Function
/inc/functions.php 1919 errorHandler->error
/inc/functions_indicators.php 41 my_set_array_cookie
/showthread.php 626 mark_thread_read
Warning [2] Undefined property: MyLanguage::$ratings_update_error - Line: 5 - File: showthread.php(729) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/showthread.php(729) : eval()'d code 5 errorHandler->error
/showthread.php 729 eval
Warning [2] Undefined variable $postsdone - Line: 860 - File: showthread.php PHP 8.1.27 (Linux)
File Line Function
/showthread.php 860 errorHandler->error
Warning [2] Trying to access array offset on value of type null - Line: 860 - File: showthread.php PHP 8.1.27 (Linux)
File Line Function
/showthread.php 860 errorHandler->error
Warning [2] Undefined array key 5875 - Line: 860 - File: showthread.php PHP 8.1.27 (Linux)
File Line Function
/showthread.php 860 errorHandler->error
Warning [2] Undefined array key 5884 - Line: 860 - File: showthread.php PHP 8.1.27 (Linux)
File Line Function
/showthread.php 860 errorHandler->error
Warning [2] Undefined array key 5885 - Line: 860 - File: showthread.php PHP 8.1.27 (Linux)
File Line Function
/showthread.php 860 errorHandler->error
Warning [2] Undefined array key 5890 - Line: 860 - File: showthread.php PHP 8.1.27 (Linux)
File Line Function
/showthread.php 860 errorHandler->error
Warning [2] Undefined array key 6407 - Line: 860 - File: showthread.php PHP 8.1.27 (Linux)
File Line Function
/showthread.php 860 errorHandler->error
Warning [2] Undefined array key 5875 - Line: 1566 - File: showthread.php PHP 8.1.27 (Linux)
File Line Function
/showthread.php 1566 errorHandler->error
/showthread.php 1568 buildtree
/showthread.php 872 buildtree
Warning [2] Undefined array key 5884 - Line: 1566 - File: showthread.php PHP 8.1.27 (Linux)
File Line Function
/showthread.php 1566 errorHandler->error
/showthread.php 1568 buildtree
/showthread.php 872 buildtree
Warning [2] Undefined array key 5890 - Line: 1566 - File: showthread.php PHP 8.1.27 (Linux)
File Line Function
/showthread.php 1566 errorHandler->error
/showthread.php 1568 buildtree
/showthread.php 1568 buildtree
/showthread.php 872 buildtree
Warning [2] Undefined array key 6407 - Line: 1566 - File: showthread.php PHP 8.1.27 (Linux)
File Line Function
/showthread.php 1566 errorHandler->error
/showthread.php 1568 buildtree
/showthread.php 872 buildtree
Warning [2] Undefined array key "additionalgroups" - Line: 6953 - File: inc/functions.php PHP 8.1.27 (Linux)
File Line Function
/inc/functions.php 6953 errorHandler->error
/inc/functions_user.php 733 is_member
/inc/functions_post.php 399 purgespammer_show
/showthread.php 873 build_postbit
Warning [2] Undefined array key "profilefield" - Line: 6 - File: inc/functions_post.php(467) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/inc/functions_post.php(467) : eval()'d code 6 errorHandler->error
/inc/functions_post.php 467 eval
/showthread.php 873 build_postbit
Warning [2] Undefined array key "showimages" - Line: 700 - File: inc/functions_post.php PHP 8.1.27 (Linux)
File Line Function
/inc/functions_post.php 700 errorHandler->error
/showthread.php 873 build_postbit
Warning [2] Undefined array key "showvideos" - Line: 705 - File: inc/functions_post.php PHP 8.1.27 (Linux)
File Line Function
/inc/functions_post.php 705 errorHandler->error
/showthread.php 873 build_postbit
Warning [2] Undefined array key "posttime" - Line: 9 - File: inc/functions_post.php(803) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/inc/functions_post.php(803) : eval()'d code 9 errorHandler->error
/inc/functions_post.php 803 eval
/showthread.php 873 build_postbit
Warning [2] Undefined array key "avatar_padding" - Line: 19 - File: inc/functions_post.php(803) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/inc/functions_post.php(803) : eval()'d code 19 errorHandler->error
/inc/functions_post.php 803 eval
/showthread.php 873 build_postbit
Warning [2] Undefined array key "rankpostbit" - Line: 31 - File: inc/functions_post.php(803) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/inc/functions_post.php(803) : eval()'d code 31 errorHandler->error
/inc/functions_post.php 803 eval
/showthread.php 873 build_postbit
Warning [2] Undefined array key "achivementspostbit" - Line: 31 - File: inc/functions_post.php(803) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/inc/functions_post.php(803) : eval()'d code 31 errorHandler->error
/inc/functions_post.php 803 eval
/showthread.php 873 build_postbit
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1161) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/showthread.php(1161) : eval()'d code 4 errorHandler->error
/showthread.php 1161 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1161) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/showthread.php(1161) : eval()'d code 4 errorHandler->error
/showthread.php 1161 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1161) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/showthread.php(1161) : eval()'d code 4 errorHandler->error
/showthread.php 1161 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1161) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/showthread.php(1161) : eval()'d code 4 errorHandler->error
/showthread.php 1161 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1161) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/showthread.php(1161) : eval()'d code 4 errorHandler->error
/showthread.php 1161 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1161) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/showthread.php(1161) : eval()'d code 4 errorHandler->error
/showthread.php 1161 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1161) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/showthread.php(1161) : eval()'d code 4 errorHandler->error
/showthread.php 1161 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1161) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/showthread.php(1161) : eval()'d code 4 errorHandler->error
/showthread.php 1161 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1161) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/showthread.php(1161) : eval()'d code 4 errorHandler->error
/showthread.php 1161 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1161) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/showthread.php(1161) : eval()'d code 4 errorHandler->error
/showthread.php 1161 eval
Warning [2] Undefined array key "invisible" - Line: 1497 - File: showthread.php PHP 8.1.27 (Linux)
File Line Function
/showthread.php 1497 errorHandler->error
Warning [2] Undefined variable $multipage - Line: 17 - File: showthread.php(1524) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/showthread.php(1524) : eval()'d code 17 errorHandler->error
/showthread.php 1524 eval
Warning [2] Undefined variable $multipage - Line: 51 - File: showthread.php(1524) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/showthread.php(1524) : eval()'d code 51 errorHandler->error
/showthread.php 1524 eval





Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Pender Harbour Development - The Painted Boat
12-31-2013, 12:42 PM, (This post was last modified: 12-31-2013, 12:57 PM by Skook.)
#4
RE: Pender Harbour Development - The Painted Boat
Welcome to VanPeak, jv! I want to extend a great, big end of year thank you for taking the time to share this information with us.

Ouch is right. I have to confess I had no idea of the financial implications involved in owning a unit ¼ share in this type of resort complex. As a result, I have so many more questions about the operating costs of this facility and what role unit shareholders play in meeting them.

According to the 2012 Summary which presents the data for 2011 (assuming the "2010" was a typo), strata fees increased to $416.28/¼ share/month; so, using that figure for the whole year in 2011 each unit contributed $1,665.12/month or $21,646.56 for the year. Here’s what I would like to know:

What were the strata fees when the Painted Boat opened for business?
Did they jump substantially within a year or two year when unit shares failed to sell?
Would the strata fees be as high if all ¼ shares had been sold?
What were the strata fees in 2012? Did they increase, again?
What exactly do these strata fees cover?

On its BestHomesBC.com webpage, Painted Boat states:

Quote:When not using your place it can be rented out through on-site management and owners receive 55% of all net revenue (which covers up to 80% of all strata fees).

So is the room revenue in the summaries 100% of what was received and would the “expenses” listed for renting those units add up to 45%? Or, is that room revenue stated 55% of what was actually received and unit shareholders are still stuck with those operating costs on top of that? If so, who gets that 45% of net revenue? Given the list of those “expenses”, would/could unit shareholders register themselves as a business so that they could deduct those expenses from their income?

I see the owners of this particular ¼ share could have used the unit a total of 182 days for personal use over 2010 and 2011 (91 days/yr), but only spent 2 days there in total during that time span. So, why did they buy in? Did they actually consider that this might be an income producing investment at that time?

This fractional ownership at Painted Boat is far more complicated scenario than I could have imagined and like you, jv, I would be saying, “Thanks, but no thanks.” You have really opened my eyes.


On a personal note:
I would offer this advice, jv, when looking for a place in the Harbour area - speak to those living year round nearby and ask them about the path of the sun. The area topography has a big impact especially through late fall, over winter and into spring.
Reply


Messages In This Thread
RE: Pender Harbour Development - The Painted Boat - by Skook - 12-31-2013, 12:42 PM

Possibly Related Threads...
Thread Author Replies Views Last Post
  Sechelt Development - The Wharf Place Skook 21 79,596 12-18-2015, 10:17 PM
Last Post: Skook
  Gibsons Development - Island Vista Skook 11 44,438 12-18-2015, 02:09 PM
Last Post: Skook
  Gibsons Development - Blue Heron Village Skook 6 36,556 12-18-2015, 01:25 PM
Last Post: Skook
  Gibsons Development - Soames Place Skook 7 38,189 12-09-2015, 11:27 AM
Last Post: Skook
  Gibsons Development - Vista Ridge at Grantham's Skook 0 7,717 12-06-2015, 11:59 AM
Last Post: Skook
  Sechelt Development - Edgewater at Porpoise Bay Skook 4 35,407 09-05-2015, 11:23 AM
Last Post: Skook
  Sechelt Development - Trail Bay Estates Skook 11 49,085 09-04-2015, 12:54 PM
Last Post: Skook
  Sechelt Development - Seawatch at the Shores Skook 5 38,942 05-13-2015, 03:40 PM
Last Post: colharpnick
  Sechelt Development - The Watermark at Sechelt Skook 25 107,864 03-31-2015, 09:27 AM
Last Post: Skook
  Sechelt Development - Silverstone Heights Skook 7 48,917 12-14-2014, 05:37 PM
Last Post: Skook

Forum Jump:


Users browsing this thread: 1 Guest(s)

Contact Us | Vancouver Peak | Return to Top | | Lite (Archive) Mode | RSS Syndication