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Re: Tips on Renting Out Timeshare (by Anita D.):

jeffr92 wrote:

Hi anitad10, I'm new to the website, but it seems that as time goes by it is going to get harder to rent out our weeks because of those who are giving their weeks away for nothing. I know there are those who are making a pretty good income at this and because of the volumn they are doing, they can put a better price than you can. A couple of people are responding to you that you should consider dropping your prices a bit. That's easy for them to say, but the first time some renters tear some unit up that you have offered, we know who has to pay for it. You are the owner and are taking a big risk to offer these fine condominiums to people who do not have a vested interest in them. I for one am not going to take that risk for a couple of lousy hundred bucks. If that is what redweek is coming to, let the high volumn dealers have it and just enjoy your timeshare. Others seem to be more involved in the bottom price and thats fine for a while until the overall value of your own property drops down because of the attitudes and lack of respect for the property takes its toll. No wonder some of the developers and exchange companies are making policies against rentals for any kind of profit. We'll see how this plays out in future days but I think it is obvious. To those who will exploit a good thing down to nothing, enjoy it while you can. Pretty soon exchanges one on one will be the only safe way to go.

Thank you for your reply. I am certainly not trying to take advantage of people to make a huge profit. But, I don't think it's terrible if owners are asking more than their maintenance fees and making some profit. After all, they are the ones who originally spent the money to purchase the timeshares. Also, when you look at what the resorts and hotel chains are charging, even with owners making a small profit, it's still well below what people are paying for a night at a mediocre Holiday Inn room, etc. I agree that if there are owners who are willing to offer their units for next to nothing, the rest of us will not have any other recourse. And, you are correct in saying that ultimately, we are the ones taking on the liability of renting out our units. Even if we have renters sign paperwork with a credit card # attached, as suggested by another person, if they revoke on that, we are the ones have to shell out the time and money for an attorney to collect on it. Anyway, I have been very disappointed still regarding the process of trying to rent through Redweek. Why would I even want to rent out my studio unit for $750 for the week when I can trade it through II for a 3 bedroom Marriott unit. (And, my resort is renting out the same unit for the same week for $1245.00, including tax.) While we as owners have to be realistic about what we can get for rent, I feel that people renting from owners have to also be realistic about what they can pay for a week at a 5 star resort.