Welcome to my personal BLOG. The opinions and statements on this Blog are my own and may not be the same as yours but that is what makes us individuals. If you are offended by anything published by me, I apologize as my intent is not offend anyone. My opinions are based upon my personal experience and my reporting about various South Florida Condominium Issues are based upon my personal experience and how I view things and the crazy condo commandos that seem to live a breed in South Florida.
For my fellow condo owners in Florida at the Hollywood Beach Resort who I may name and call stupid from time to time, I only do this because the words of Forest Gump "Stupid Is as Stupid Does" just keeps playing in my head when I look and see how crazy things are at the HBR Resort and nobody bothers to ask questions or check facts.
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NEW RENTAL PROGRAM
NEW CONDO OWNERS RENTAL PROGRAM - Created By Owners For Owners COMING SOON to the Hollywood Beach Resort Condo Association
Great news for the condo owners at the Historic Hollywood Beach Resort who find themselves financially caught in a huge money trap as the Condo President (Michel Jekic) and Vice President (Laura Welliver) divert condo fees to finance their new LLC which went into the Beach Bar & Hotel Business. The Condo Owners are forced to pay all hotel operating costs of the new condo rental program and in Sept 2013 condo owners find themselves being paid in "credits" rather than US Dollars and the Condo Association finds itself all but bankrupt as millions are missing and millions are recorded as bad debt and receivables by a Board of Directors that has committed the condo owners to a $7.5 Million Dollar Plus lease with the Associations largest delinquent owner (Oceanwalk Mall). Foreclosure - Due To\Due From Questionable Accounting - Huge Receivables - Millions gone from what was reported as "fully funded reserves" and the future holds millions in "Special Assessments" to cover the millions in shortages created by what many owners believe is a grossly negligent Board President & Vice President leading a Board of Directors known as the "Nod Squad".
Condo Owners are now paid first, pay less rental commissions, pay no operating costs, pay no linen fees, and enjoy increased rental revenue when they join the new Boardwalk Rental Program that is now available to qualified condo owners at the Historic Hollywood Beach Resort. Condo Owners who find themselves financially strapped in a money trap that is making ownership almost impossible can now offset their maintenance & assessment fees as a member of the new condo owners rental program that was created by owners for owners and is fully funded & financed by SG Resorts & SG Resorts International. Owners will enjoy increased rental revenue from sources like HomeAway, VRBO, and the SG Resorts Hotel Program. What this means for owners is that there will be less vacancies more rental revenue and less overall rental commissions to pay. Truly a new rental program created by owners for owners. To see if your condo unit qualifies contact Richard Jr at (305) 877-0106.
If you are tired of paying all the condo hotel operating costs and if you are not getting a monthly rental check, maybe it is time for you to discover what the intelligent owners already know and enjoy at the Historic Hollywood Beach Resort. Visit Boardwalk Rentals and see where the next generation of condo vacation rentals look like.
COMING SOON - New HomeAway & VRBO integrated Website & Rental Management Program available to qualified owners at the Historic Hollywood Beach Resort. If you are on the Condo's Rental Program, you may want to consider switching to the SG Resorts Hotel Program and become a part of the new Next Generation of Rental Programs which is coming soon to the Historic Hollywood Beach Resort. Don't leave money on the table and start earning exceptional rental revenue with Boardwalk Rentals and the new Owners Rental Program that is fully funded, financed & underwritten by SG Resorts & SG Resorts International members of the Schecher Group family of companies.
SG RESORTS - GUEST OPTIONS
Bimini Day Cruise
One Day. Endless Possibilities.
Spend the day at the World's First Cruise Destination Resort. Your experience begins when you board the Bimini SuperFast. With speeds up to 30 knots, she is the fastest cruise ship in the Americas and at 32,000 tons will comfortably cross the powerful gulfstream on the way to Bimini. Your memorable day includes world-class service from our international crew, multiple restaurants and bars and panoramic vistas of the Caribbean.
Bimini Day Cruises start at just $99 pp* - Buy One Get One Free All October Long (Mondays -Fridays)
MIAMI CASINO & RESORTS WORLD CASINO- YOUR RESORTS WORLD BIMINI EXPERIENCE STARTS IN MIAMI ABOARD THE BIMINI SUPERFAST. WHETHER YOU'RE PLAYING OUT AT SEA OR ASHORE, YOU'LL EXPERIENCE WORLD-CLASS CASINO GAMING WITH LIVE ACTION TABLE GAMING AND THE HOTTEST SLOT MACHINES!6 RESTAURANTS AND BARS TO SATISFY EVERY PALATE.*ON-BOARD ENTERTAINMENT AND GAMESAFTER A FUN DAY ON THE ISLAND, RELAX, SHOWER, OR TAKE A NAP IN A CABIN ON THE WAY BACK TO MIAMI. CABINS ARE AVAILABLE FOR AS LITTLE AS $40 WHEN YOU BOOK PRIOR TO SAILING.EXCLUSIVE CAPTAIN'S BRIDGE TOUR $10 PP* SEE RECEPTION FOR DETAILS. KIDS FREECONVENIENT PARKING LOCATED AT PORT OF MIAMI FOR QUICK TERMINAL ACCESSMONDAY – FRIDAY
$99 per adult R/T ticket - Buy One Get One Free!
Save $10 for Children 12 and under.
SATURDAY – SUNDAY
Was $149 / Now $99 per adult R/T ticket
Save $10 for Children 12 and under.
Port charges and government taxes are included.
Then, see how much excitement you can pack into one day, exploring the wonders of Bimini Island.
- Two Casinos of Live Action Gaming like Craps, Roulette, Blackjack, Baccarat and your favorite slot games.
- Place your bets and watch your favorite games in our Resorts World Sportsbook on Bimini SuperFast and at Resorts World Bimini Casino.
- Miles of white sand beaches, turquoise waters and serene lagoon
- The world's best sport fishing grounds
- Ernest Hemingway's Home where he wrote "Islands in the Stream"
- World-Renowned Caribbean Water Sports
- Diving and Exploration Excursions
- Convenient and affordable activities kayak, stand-up paddle boards, snorkeling gear plus bicycle rentals for $2* per hour
- Historic Alice Town with shops featuring island favorites conch and Bimini Bread
- The Martin Luther King Memorial in Mangrove Park where he wrote part of his last speech
- Relaxing Pools for Family Fun and Lounging
- Port Doors Close At: 7:30 AM Instant Cruise, 8:00 AM Pre-Existing Reservations
- $25 fee for each piece of checked luggage.
- *Dining Cover Charges Apply for Dreakfast / Dinner: Sailfish Bistro $10 / $15, Ponce' de Leon $15 / $20, Aqua Grill BBQ $5 / $10
- If purchasing cruises day of sail, must report to terminal 2 hours before departure to ensure confirmation.
Bahamas Update
NEW Baha Mar Resort - Nassau Bahamas
Nassau’s $3.5 billion Baha Mar Resort Reaches “Pre-Opening” Phase
By Brian Major
October 09, 2013 7:09 PM
The $3.5 billion Baha Mar resort is two-thirds-complete and has officially reached the “pre-opening” phase, said Sarkis Izmirlian, the resort’s CEO, who provided New York media with an update on the massive Bahamian developmentWednesday.
Scheduled to open in December 2014, Baha Mar recently hired managers for each of the 3.3 million-square-foot project’s four major hotels: the 1,000-room Baha Mar Casino & Hotel, 200-room Rosewood at Baha Mar, 300-room Mondrian at Baha Mar and 700-room Grand Hyatt at Baha Mar, Izmirlian said.
The product of years-long discussions with the Bahamasgovernment to develop a new resort on the site of the shuttered Radisson Cable Beach resort, Baha Mar is designed to be “the ultimate getaway destination for affluent travelers,” said Izmirlian, and will transform the Bahamas’ capital city’s image among travelers.
“Nassau is not necessarily considered a luxury travel destination,” he said. “It is known for beautiful beaches and blue waters, but inconsistent service. But Nassau is being transformed with Baha Mar.” The resort development includes new infrastructure around the resort property and nearby areas of Nassau, including new roads, drainage systems, pedestrian walkways and natural scenic wetlands.
The project is estimated to add $1 billion to the country’s economy in its first year following the opening and support 12,000 direct and indirect jobs for Bahamian in the next 20 years, said Izmirlian. “The Bahamian people welcomed the project. The cost represents 12 percent of the country’s economy and we have created opportunities to hire 5,000 Bahamians,” he said. Baha Mar has opened a training center and recruitment office and is partnering with high schools and community colleges in the region to recruit and train hospitality workers.
The resort operators have worked with major international airlines to expand airlift in anticipation of the project’s opening. “You can’t swim to the Bahamas or drive a car,” Izmirlian said. “We have had conversations with airlines from the beginning. Not just U.S. airlines, but foreign carriers.” Baha Mar officials have reached agreements to establish new flights from Russia, China and Latin America along with new flights from Jet Blue and from Chicago and other Midwest cities from Delta Airlines and other carriers
HBR OWNERS XXX
Article XXX - Condo Owners SOLD OUT
By Jekic & Welliver
It's all in the Oceanwalk Mall Lease
Annual Rent $504,396 / $42,033 per month - Lease Renewal Rent Jumps to $785,832.53 PLUS PLUS PLUS . . " 4.2 Common Charges"
It was not that long ago that the former HBR Board President of well over 10 years (Richard J. Schecher, Sr) issued a warning to Jekic & Welliver and the HBR Board of Directors - What Jekic & Welliver are doing is illegal and even if it was legal, it would require a vote of every condo owner and timeshare owner in our Association. Behind closed doors Jekic & Welliver made a deal that basically will bankrupt our Association and it looks like Schecher was right because the new hotel & bar are all but bankrupt and the Association is out of money because Jekic & Welliver illegally diverted Association Funds to keep their bar & hotel open. It is ironic that the section of the lease XXX is the one that exposes the naked truth about Jekic & Welliver paying extra to get Schecher Out so they can go into business.
READ THE LEASE AND SEE HOW HBR OWNERS WERE SOLD OUT by Jekic & Welliver with a "Closed Door Deal"- The Deal is outlined in the lease and includes Article XXX- Special inducement to drive Schecher's Company out of business and off the property. A very unethical closed door deal that includes (1) Excessive Rent (2) A new illegal 41% Rebate for the Mall which includes the second floor which is not even a party to the lease (3) Financial Guarantee that binds owners to pay $7.5 Million Dollars to the Mall (4) Lease includes space (bar) that is not even on Condo Property (totally illegal) and the list goes on. Read the lease for yourself and see how the rent jumps to almost a MILLION DOLLARS per year on its first renewal. The cost of the renewal is almost $11.8 Million Dollars.
Read the Leas for yourself HBR Mall Lease HHBR LLC
Owner Speaks Out - Listen for yourself HBR Owner Speaks .m4a
Do you enjoy Jekic & Welliver taking your money without even asking? What they are doing is illegal and maybe it is time for someone to notify the Hollywood Police and report the crime. Maybe it is time for owners to form a group to take action and hold these people personally responsible for their gross negligence and illegal activity. What do you think?
Do you believe there is a conspiracy to defraud & defame? Consider David Schonberger of Oceanwalk Mall is charging SG Resorts over $6,500 to rent a space with a market value of less than $850 and a space that historically never had a rent more than $650 for Oceanwalk Mall over the last 20 years.
Price gouging is illegal in Florida and when asked why was the rent so high? Schonberger replied "Because I can charge it, what is your option ? go out of business? " Schonberger did this right after Jekic signed the $7.5 Million Dollar Lease that is being paid with Association funds. Schonberger along with his business partner (Billionaire Mall Owner Ben Heller) and Jekic entered into a lease with an special inducement which included Jekic paying EXTRA to get SG Resorts & O'Malley's to close down and move. David Schonberger than nails SG Resorts with rents of over $6,500 for a space that is less than 400 sf which is 100 X more than the comparable rents anywhere.
It all about fraud, deception, closed door deals, and none of it is good for the owners at the HBR Resort Condominium. Nobody benefits but the Mall as the owners pay the price for the Jekic-Welliver Folly.
RUSH Nicki Lauda - Ron Howard New Movie
SG RESORTS - New Ron Howard Move - Nicki Lauda
MOVIE FANS - NEWS & INTERESTING FACTS - One of the SG companies owns the ocean front luxury Caribbean Villa that was once the Vacation Home to Nicki Lauda who is featured in the new Ron Howard Movie. It is one of our featured luxury villas (Piloto) for rent on Cofresi Beach in the Dominican Republic. We also own the Caribbean Villa that was the home to the Camel Racing Team and the world famous singer Falco who wrote "Rock Me Amadeus" - Live Life & Travel - You can save a fortune as a member of our SG Resorts Travel & Vacation Club. If you become a new member before 11/1/2013, you can stay at any one of these luxury villas and enjoy a 50% discount on the rent. If you join with three friends, your rental will be FREE and your three friends can vacation with you at the former ocean front villa of Nicki Lauda
www.villasdr.com
Condo Fraud Bankrupts South Florida Cond Association
HBR NEWS
NOTICE TO ALL HBR OWNERS
BANKRUPTCY IS HERE FOR HBR OWNERS
Are you one of the Condo Owners who never question anything? Are you one of the Condo Owners who believe there are sides to take at the HBR Resort? Are you one of the Condo Owners that just pay one assessment after another and never bother to ask where all the money is going or even check to see the money is going for what the Assessment represented? If you are, you may be one of the reasons our Association is at the brink of bankruptcy. The HBR Association is bankrupt when the payables are more than the receivables and the money in the bank.
This is the case today ( September 25, 2013).
If you believe Michel Jekic & Laura Welliver have been telling you the truth and protecting our Association- DON'T. If you believe our Association has money in the bank- DON'T. If you believe money has been diverted and the Association Reserve Account and the Association Special Assessment Accounts have been drained -YOU ARE CORRECT.
If you don't believe any of this, you need to get a copy of the Association Financial Reports for 2012 and 2013 and give them to your attorney, CPA, or anyone who understands accounting. They will confirm to you that the Association has no money and even KW Management Company (Association Manager) warned both Jekic & Welliver, over one year ago, that what they are doing is against Florida Law and not acceptable for Condo Accounting.
READ THE ACCOUNTING NOTE ON THE BOTTOM OF THE ASSOCIATION FINANCIAL STATEMENTS - KW has given the HBR Board written notice that immediate action is required to address the issues. This was done over one year ago. No action was taken and today the Association is all but bankrupt. We don't have money in the bank and we have fake unacceptable accounting entries that confirm money was taken from Reserves for Operating Expenses.
If you would like to get a spreadsheet analysis of 2011, 2012, and 2013 Association Financials completed by an independent CAM Licensed property manager that illustrates just how critical the financial collapse of our Association is, jut email info@schechergroup.com to request it and one will be sent. Keep posted for the upcoming video that reviews the irregularities in Association Accounting that is scheduled for publication on Youtube in the upcoming weeks.
IT is time for the Condo Owners & Timeshare Owners to approach the State of Florida and request a Receiver or Special Master to take control of our Association before the bank accounts drop to a $0.00 balance. COMING SOON !
TODAY - the only course of action requires an independent receiver appointed by the court or a Special Master appointed by the State.
SHOCKING NEWS FOR JEKIC-WELLIVER RENTAL PROGRAM OWNERS
If you are a member of the Condo (Jekic-Welliver) Rental Program, you need to read your contract because it appears to make you liable to pay back over $600,000+ that have been diverted from Association Funds to cover the costs of the new bar & hotel business started by Jekic & Welliver. The Jekic-Welliver contract clearly states that the owners are responsible for all operational costs. These costs are being diverted from the Association and must be paid back.
Guess Who pay back? -You will if you are on the Jekic-Welliver Rental Program. Did you listen to what Jekic & Welliver were telling you or did you read or have your attorney read their contract. If you are on their rental program, you just may find yourself on the hook for all operational costs taken from the Association which is over $600,000. Are you ready for this?
HOW DO YOU GET PAID FOR YOUR UNIT RENTALS ?
Owners are now reporting that the Condo Rental Program pays in credits and not US Dollars - this should be your first red flag - they are out of money and can't pay their bills. The SG Resorts Program pays owners first and owners never pay any hotel operating costs.
It is time to demand the resignation of Jekic & Welliver and get responsible owners in charge of our Association. Listen to the numbers and read the Association Financial Report. This is the official cry for help. It is you money that has been part of a very clever disappearing act preformed by Michel Jekic, Laura Welliver, and their Board of Directors.
At the end of the day - the Association has no money and a "BS" entry on their financial statement that shows DUE FROM sources with no ability to pay and no ability to collect. The Association and you have been the victim of fraud and a personal agenda of Jekic & Welliver financed by the diversion of Association Funds. Just ask KW Management Company for the facts! THE END IS NEAR and only your action can protect your investment.
My Great Boat Adventure
It was almost 20 years ago when I made my first boat trip from NJ to Florida and the trip turned out to be an adventure of a lifetime. Three friends set sail from Toms River, NJ to Hollywood Beach, Floirda in late September 1996 and on the way they gained tremendous on the job experience as boat captains and crew members onboard the motor yacht RJS. During the trip we encountered bad weather, rough seas, and just about everything else rookie boaters fear on a long range boat trip.
During the trip we ran aground so hard the bottom paint came off the bottom of the boat and when the rescuer boat arrived to help us, it sank right in front of us and we ended up having to rescue the rescue captain. Looking back, it was truly an adventure of a lifetime and remains as a priceless memory for me and my two buddies.
The Boat Trip was not only an adventure, it was a fun experience and one I would recommend to just about anyone with a boat over 30 feet in length and would like to travel the East Coast. The RJS was a 44 Ft Sea Ray and since the RJS, I have had many boats. In fact, my close friends claim I have more boat than many small countries.
Today, in 2013, I enjoy traveling the DITCH onboard my Trawler (SLOW POKE). I tell my friends that my doctor told me to slow down, so I purchased a Trawler only to discover later that this is not what my doctor meant. I now enjoy the slow moving trawler and I have truly learned, like in life, its about the Journey and not the Destination.
Bella Condominiums
MY BOARDWALK EMPIRE
has moved from Hollywood Beach, Florida to Atlantic City in 2013.
After my son, Richard Jr, became the acting General Manager (GM) and took control of the operations at the Historic Hollywood Beach Resort on the Hollywood Beach Boardwalk in South Florida, I decided to enjoy my retirement at the real Boardwalk Empire where the fictional Nuggy and the Boys once lived and ran their empire on the boards in Atlantic City, NJ.
As I have done over the years at certain condo resort properties in Florida and elsewhere where I created Owner Clubs that allow the Association's Condo Owners to come together and enjoy the benefits available to them from my many years of experience as both a resort owner and developer. In 2013, I have created a new Condo Owners Club for the Bella Condominium in Atlantic City.
I first was attracted to the Bella in December 2012 and it took me all of five minutes to recognize the value offered in today's economy at the Bella. I purchased a Penthouse Unit and had it professionally decorated and in 2013 I now spend at least one weekend a month in Atlantic City at my new diggs at the Bella Condominium.
I would recommend the Bella Condo to any of my fellow condo owners in Florida as a great summer destination. Check out this video and contact Len Scannapieco if you have any interest in viewing or buying a condo at the Bella. Len is the designated real estate broker for the Bella and his brother was the builder\developer of Bella. In fact, his sister was the Professional Decrator who completed my unit at the Bella which is award winning and looks a lot like the unit in the video below.
The Bella Condominiums represent the best Atlantic City has to offer. You can view complete infromariong about Bella on their website.
Bella is located right next to the new Revel Resort & Casino and just steps to the world famous Atlantic City Boardwalk.
Shareholder Members of the SG Resorts Travel & Vacation Club are eligible for guest benefits at the Bella and the best time to be at the Bella is "anytime".
Enjoy the finest restaurants, shows, gaming, and everything else Atlantic City has to offer when you are at the Bella. In the summer you can enjoy weekends at the Golden Nugget docks onboard the SG Resorts Travel & Vacation Clubs custom trawler, Slow Poke.
Contact me if you would like to know more about the Bella Condominiums in Atlantic City.
Introducing
The Bella Owners Club
SG RESORTS fighting a cancer at the Historic Hollywood Beach Resort
As the summer ends, we find the employees of SG Resorts at the Hollywood Beach Resort fighting to keep their sanity as the Garage Owner, Gary Jaffe, claims he now works for the Condo Association and its President (Michel Jekic). This appears to be the reason why Jaffe was walking around the front of the building and getting up into the face of SG employees taking their picture and demanding they do not stand in front of the building where guests are greeted and directed to their rooms. Everyone knows "Joey" the building's concierge who has been standing in front of our building and running the Guest Services Desk at our Property for well over 15 years.
It appears that the Garage Owner, Gary Jaffe, now has a van and is charging HBR Guests for rides to the airport and Port Everglades Cruise Port. Visitors and guests are now complaining about the high cost of parking and the cost of airport pickup as Jaffe listed my company's legal d\b\a on the side of his new van in an effort to capture guest who otherwise would have a FEE ride, so to speak. This is correct, the Garage Owner, Gary Jaffe, now has his van picking up guests at the airport with the name of my company (Historic Hollywood Beach Resort) on his new van.
Just how smart is Jaffe? Who goes into a business to make money when your competition offers the exact same service for FREE. Not very logical when you consider that SG RESORTS offers the exact same service for FREE. It appears this may be one of the reasons Jaffe no longer allows the SG VAN to park in the same place it has parked for almost 20 years and also the reason Jaffe is now joining the Condo battle to drive SG Resorts out of business. As the losers join forces, SG RESORTS moves forward with positive improvements and with the announcement that Richard J. Schecher, Jr is now the acting General Manager (GM) at the Historic Hollywood Beach Resort.
How crazy can things get at the HBR ? Crazy enough that it is almost stupid. The Condo Security has a report about the antics of the Garage Owner, Jaffe, as the Hollywood Police, who he called, told him to leave the SG Employees alone. Today, the Jekic-Welliver Condo Rental Program has their guests carrying their own bags as "Joey" stands in front of our building willing to help everyone regardless of who they are or where they are going. Joey is working to create a positive guest experience for everyone who visits our building. There are no sides to a positive public perception and fantastic guest experience. Just ask "Joey" on your next visit.
My Secret to Success
The secret of success is different for just about everyone. The way you measure success becomes your road map for success. If you value money above all else, chances are you will end up with little money and less success and your life will be one disappointment after another because you are using the wrong measuring tool. Success has no price tag, only priceless memories. My success is my dream and my dream has come true. It is my wish that you find your success and that it is just around the corner if not already here. - Peace!
Real Estate Agents & Brokers
THE NEXT GENERATION - Real Estate Agents & Brokers now have the opportunity to discover the niche vacation home sales market by attending one of my upcoming sales & training seminars. Vacation Home Sales represent a niche market for those who have million dollar dreams but beer pockets. The Schecher Group and the Schecher Group Owners Club now makes the dreams of many more affordable for the majority. If you are a Real Estate Agent or Broker we can show you how to become a Top Producer in less than 30 days and make 3X your average commissions earned over the past ten years. It's the Next Generation of Vacation Home Selling and it is only possible if you understand and use the System developed by the SGOC. After all, where can you get full ownership use rights to a multi-million dollar property for only $150,000 and not have to pay the annual cost associated with traditional vacation home ownership?
Stupid Condo Owners ? Red Flags Are Flying
Are you really that stupid when … ????
Your $300,000 insurance refund is taken to pay start up costs in the Boards' new beach bar and you don't ask why?
Your annual condo budget does not include andy backup accounting numbers and you don't ask why?
Your annual condo budget does not give line item comparisons only general grouping of expenses and you don't ask why?
Your Condo President and VP cover the shortages and start up costs in their new beach bar and hotel business using your maintenance fees and you don't care or do anything about it?
Your Condo President and VP sign a $7.5 Million Dollar lease with the Association's Commercial Unit Owner who is reported to be almost $1,000,000 behind in maintenance & assessment fees and you don't ask why?
Your Condo President and VP allow the Commercial Unit Owner to divest ownership to avoid having to pay almost $1,000,000 in assessment fees leaving all owners to suffer a huge financial loss and you don't ask why?
Your Condo President makes "closed door deals" that works directly against the good of the Association and forces condo owners to bear a huge financial burden for 15 years and you don't ask why? ($7.5 Million Dollar Cost to Owners)
The question becomes are you really that stupid? The Board President (Michel Jekic) and VP (Laura Welliver) appear to thinks so because you don't question anything they say or do.
Why do I even care? I care because I still have millions invested at this property and I am not stupid. I am forced to watch my investment shrink as it gets flushed down the toilet.
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Condo Ethics
Many people ask me why I am so involved with the Hollywood Beach Resort, a condominium & timeshare property located in South Florida? The answer is really very simple, besides being the largest residential unit owner at this property for almost 20 years having more money invested than any five other residential unit owners combined and millions to lose if the Association is not managed properly, I also purchased the hotel operating company many years ago to improve the values and income for all of my fellow owners. Only to have my Ramada Inn Franchise destroyed by the condo commandos fighting for control the property. For almost 15 years, I allowed my hotel & management company to share resources with the Condo Association, which eliminated duplication of services and saved the Condo Association tens of thousands of dollars each year while my company would rent out the vacant timeshare units and pay the Association over $100,000 per year for almost 12 years plus do the pool laundry for FREE. In addition, my hotel company was the largest rent paying tenant to Oceanwalk Mall for almost 20 years providing Oceanwalk with the money needed to pay its maintenance & assessment fees to the Condo Association as the the commercial unit owner and the largest dues paying member of the Condo Association. In addition, my management company provided timeshare & condo management services which allowed me the ability to recycle the management fees back into the HBR Condo & Timeshare Association compared to what is happening today.
During my term as Condo President, money (management fees) never left our Association because I recycled it back into the Association by paying rent to Oceanwalk Mall. Consider the Association paid my company management fees, my company added additional money and paid the mall allowing the mall to pay the Association. It was a unbroken circle compared to today when the management fees leave the property and the Mall is now millions in arrears and in a position to cause the worst financial hardship for condo owners in the history of the Association.
The new Board President (Michel Jekic) andf VP (Laura Welliver), in my opinion, screwed every condo & timeshare owner in the Association and made a "closed door deal" that benefits nobody but Oceanwalk Mall and as more facts become known, maybe both Jekic, as a real estate broker, and Welliver as a want-to-be hotel operator. No matter how you look at it, the condo & timeshare owners have been screwed, plain and simple.
Today, after 20+ years most all of my friends and long time fellow owners have sold out and moved to other properties and as sad as it may be, I may be following them as the HBR Resort is becoming a money trap with million dollar assessments becoming an annual event. Unless Owners recall the Board and take legal action against the Mall Owners and the Board Members who sold them down the river with a $7.5 Million Dollar Lease & Financial Guarantee and a new 41% Assessment Rebate for the Mall Owners nothing will improve. Especially when Jekic & Welliver allowed the Mall Owners to divest their ownership to become almost "suit proof" allowing the Mall Owners to walk away from what is quickly becoming a $1,000,000 debt in unpaid maintenance & assessment fees.
Today, the NYC Mall Owners are laughing all the way to the bank after their "closed door deal" with Jekic & Welliver. However, don't believe me, just go view the Emergency Meeting Video of HBR Board President Jekic and compare what he tells owners to what actually exists today at the HBR Resort. No ethics, nothing but nothing…. For updates on the real truth visit www.hbrresortcondo.com
Mountain Living
For as little as $100,000 you can become a SG Shareholder Member and enjoy a week or more in the Western Mountains of North Carolina at our Club's Richville Lodge. Discover the beauty of Mountain Living while you have access to vacation homes in the Bahamas, North Carolina Mountains & Coastal Islands, as well as South Florida and the Caribbean. Shareholder Membership starts at $100,000 and you will enjoy a $20,000,000 portfolio of vacation homes. Ownership use without ownership costs. Discover the difference & saving as a SG Shareholder Member.
HBR Condo Basic Facts (Part 3) Where did all the money go?
Owners are left to cover the financial burden created by the HBR Condo President (Michel Jekic) and VP (Laura Welliver) as a result of their "closed door deal" with the owners of Oceanwalk Mall. It is a deal that allowed the Mall Owners to divest their condo ownership from one entity into three separate entities making them what many owners believe is "suit proof" as the Mall walks away from what is approaching $1,000,000 in total debt owed to the HBR Condo Association. After allowing the Mall Owners to split up their ownership, the Board President (Jekic) and VP (Welliver) signed a multi-year $7.5 Million Dollar Lease with the Mall and guaranteed it with the Association's maintenance & assessment fees. Wait- it gets worse - Jekic & Welliver also granted the Mall a 41% Rebate on all future Special Assessments in order to get the space they wanted while leaving the individual condo owners left holding the bag and paying for the difference between what the Mall is required to pay (20%) based upon Condo Documents to what they are actually now paying (less than 8%). If you think things could not get any worse ? Think again. The Mall not only owes close to $1,000,000 but today they are only paying the net difference between the new lease payments created by the Board President (Jekic) and the maintenance fee. Bottom Line - condo owners are now paying what the Oceanwalk Mall Billionaire Owners should be paying while faced with a huge CASH FLOW Problem as the condo runs out of money due to the gross negligence of its governing Board of Directors and the "closed door multi-million dollar deal" that favors nobody but the people who made it.
HOLLYWOOD BEACH - Condo Horor Story
In less than six months GEMSTONE RESORTS walked away from the new hotel rental program created by the Condo Board President (Michel Jekic) and Vice President (Laura Welliver) at the Hollywood Beach Hotel Owners Association. Even after stealing the phone number of SG RESORTS in an attempt to steal future reservations, the new hotel was not able to produce enough revenue for GEMSTONE RESORTS to even pay expenses. It's a real condo horror story and one that is being financed by diverted maintenance & assessment fees. When reported to the State of Florida's Division of Condominiums - nothing was done to protect the 1,700 timeshare owners and the 360 condo owners from going bankrupt as millions of dollars are diverted by an out of control grossly negligent Board of Directors.
I am one of the largest owners at this Condo Association and I have more to lose than most when funds are diverted. The State of Florida really does little to protect owners. It is a crying shame when the State of Flordia turns out to be all talk and no action.
SG Tiny House Company
The Schecher Group has found a new niche market and effective May 15, 2013 the Schecher Group Family of Companies will include the SG Tiny House Company, a company that will soon become the premier tiny house builder in America. The SG Tiny House Company will have a new state of the art facility located in Daytona Beach Florida where all new tiny home construction will take place. In addition to the construction facility the SG Tiny House Company will have a 100 acre showroom where prospective buyers can view the various model homes available for sale. The SG Tiny House Company will also sponsor the Tiny House University where the DIY Buyers can attend a course focused on building their own tiny house at the SG Tiny House Daytona Facility. Modeling itself after the Tumbleweed Tiny House Compay the SG Tiny House Compay plans on taking what Tumbleweed offers and improve upon it and make it available at more affordable prices. The SG Tiny House Company will also offer a Buyers Rental Program where new house buyers can earn immediate income from their new tiny house as part of the SG Resorts Rental Program.