The American Resort Development Association (ARDA), reported recently that Florida passed a law to ensure that timeshare exchanges are not subject to tax. The bill, HB 61, also puts other important protections for timeshare owners in place such as “Debt-Cancellation”, where an owner could return a timeshare to a developer in the event of a…
Marriott Crystal Shores, an upscale, oceanfront timeshare resort on Marco Island, Florida is still is operating as usual, though they have temporarily suspended their sales and marketing efforts of the timeshare units. As many as 36 employees in sales and marketing were thought to have lost their jobs. Marriott Crystal Shores has cited that the…
If you’re planning a last minute vacation any time from August 1st through Oct 2nd, check out these last minute timeshare exchanges available on RedWeek.com. Right now, we’ve got weeks available in: Florida, Colorado, Arizona, South Carolina, North Carolina, Dominican Republic, Sint Maartin, Mexico, Hawaii, California, Arkansas, Idaho, Bermuda, Missouri, Georgia, New Hampshire, Bahamas, Vermont,…
Finally we’ve answered the burning question vacation travelers want to know. Who’s got the best price on accommodations? Is it RedWeek.com, with its list of almost 5,000 timeshare resorts available for rent worldwide, or an online travel Web site like Expedia, Orbitz, Priceline and Travelocity? We decided it was time to take a hard look,…
If you’re a timeshare owner that’s decided to rent out their timeshare resort, you may be wondering about tax implications. What should do you about reporting the income you receive from the rental? What about deductions or loses? How do I calculate depreciation? Do I use Schedule E when filing? Here are answers to those…
We are now living in the age of User Generated Content (UGC) on the internet. A multitude of Blogs and Web sites exist online for people to discuss any topic of their choosing, with anyone, at any time of day, worldwide! Isn’t the internet amazing? Online social networking is really taking hold and for those…
You’re a timeshare owner and you want your property to run smoothly and be managed well so it doesn’t cost you extra money, right? Why not get involved in your timeshare board? This doesn’t have to take a lot of your time. You can start very simply by reading the newsletters, and attending a few…
At RedWeek.com, we are in the timeshare business and of course find value in them. In an effort to make consumer more aware of how timeshares work, we have created this list outlining both the pros and cons of timeshare ownership. After reviewing it, you should be able to determine if timeshare ownership is right…
Do you know what expenses you, as a timeshare owner can deduct on your tax return? The answer is not the same for everyone. Here’s some details from David H. McClintock, CPA, regarding the most common deductions and how they might affect you, depending on your particular situation. This information can be best used as…
Waikiki’s famous Ilikai Hotel, which was featured on the 1960’s show “Hawaii Five-O” announced this week that it will close its doors. The hotel was purchased by iStar Financial Inc. in May, and the company hoped that its subsidiary, SFI Ilikai Property Owners, would be able to identify sufficient cost savings and operational efficiencies to…