Angel is making a point that if all owners of that week (52 weeks so probably 52 owners) X the Maintenance fee of $980 per week..that would equal approx $51,000 that the management company gets for each and every TS unit in the building.
Although $980 is nothing to sneeze at, its probably the low side...yes low side of the going rate for mainteneance fees for a good managed 2 bedroom TS complex. Depending upon the age of the complex, they go through major renovations every 10 years and minor funiture changes every 5 years. If the reserves are not kept up with and set aside to pay for these major expenses, either the TS property goes down hill fast and becomes a Class "B" or "C" complex.
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