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WARNING - MAJOR ASSESSMENTS
TO OWNERS COMING SOON TO SUPPORT THE RML MOTEL BUSINESS!
Please see
Deer Ridge Mountain Resort - An Economic Prediction
For 2008-2010 - An Open Letter to the Deer Ridge Board of Directors and All
Owners. Read this to find out the consequences we all face because the
Board continues to insist that we stay in the motel business.
Status on the Sale of RML
See How Selling RML Could Give
Every Owner A One Time Distribution = $5,000 to $10,000 Per Unit!
Even with this GREAT one time
opportunity, the Board is doing NOTHING to sell RML before it costs ALL owners
more money - a LOT more money!
If you want to see why we should
sell RML and how we can make so much per owner, click
Sell RML.
Flash Update! Case Closed by
Margie???
Apparently, Margie and the Board
have decided to "close the case" on selling RML...not matter how much sense it
makes for all owners that RML be sold ASAP. Click
Case Closed??? for details!
The Economics of Deer Ridge
Do you know how the decisions of
Ridge Management Ltd are very negatively affecting the economics of your condo
ownership at Deer Ridge?
Read
Firing RML to better understand the
price you are paying and how much you are losing under the current rental pool
agreement.
Flawed Math and Flawed Logic
We continue to find that the Board
and RML use VERY flawed math and logic to justify many of their actions.
It is not clear if they do this out of ignorance or as a way to deceive and
manipulate the owners of Deer Ridge.
Maybe you can tell by reading the
email that was sent to Vic and Joe that you can see by clicking
Flawed Math and Flawed Logic.
Check Back Often!
Please check back often as these
pages will be rapidly and significantly updated.
This Site last updated:
09/18/09
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Should Deer Ridge HOA Sell
Ridge Management Limited?
As a member of the RML Committee
appointed by the Board of Directors, I wanted to report to all owners
about the current status and the results of the Committee meeting on
February 10, 2007. During the meeting, I presented several
relevant documents. I present those to you, all owners, for your
consideration and comments.
Selling RML Could Give
Every Owner A One Time Distribution = $5,000 to $10,000!
As I think you will see from all of the
included documents and spreadsheets here, selling RML offers ALL owners
a tremendous opportunity to generate a VERY significant amount of money
– including the potential for a large, one-time cash distribution to ALL
owners, perhaps in the $5,000 to $10,000 range to each of us - depending
on the eventual selling price and how much is kept back for reserves.
This could be a HUGE deal for ALL owners
plus those in the rental pool end up with better management AND much
less management fees impacting their own net rental income.
As will be OVERWHELMINGLY obvious to the most
casual observer from ALL of this information, the Deer Ridge HOA should make
selling RML its TOP PRIORITY and get this sold YESTERDAY. Is there
really ANYTHING else that should be a higher priority for the Board?
This sale will need to be done right -
with the right expertise and approach and without interference from Joe
Thomas who, understandably, will do all he can to protect his empire if
he cannot steal RML from the owners with his currently absurd low ball
offer of $100,000 with only $10,000 down. In my opinion, Joe is
currently interfering with the valuation process and with us
expeditiously moving forward with the sale since he loses so much if the
HOA is successful with the sale and the resulting windfall to all
owners.
The Board needs to take action to get
this rolling. So far, they have failed miserably. They were tasked
last November with getting a valuation of RML. So far, as of March 4,
2007, this STILL has not happened. The RML Committee met on February
10th and all it decided to do was recommend that the valuation of RML be
done.
Hence, zero action. Zero results. Zero
progress. Zero benefits to the owners.
It is time the Board shows leadership
and gets this rolling…and rolling the RIGHT way.
Robert
A-202
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