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Re: Tips on Renting Out Timeshare (by Phil L.):
What I wonder is did all these people having trouble renting buy just to rent. I would hope not because this would be a bad investment. How many people jump on e-bay and buy a unit that is cheap but also not in demand just to rent!
First people should stop being so greedy and list their unit for a good price to start with and not play the game of lowering their prices at the last minute. What I wonder about is why at a point you haven't rented then why not deposit your week and make trade or take two weeks together next year.
Unless your one of these people with many timeshares then what happen to you taking your family on vacation, you know "the reason you should have bought into a timeshare in first place.
Most shoppers will look at your ad once and move on. I know for myself I will go to a site and check new listings because I have already seen all the others. I don't even know if you can drop your price on Redweek if selling/renting because I have never seen price crossed out and new amount entered. To be truthful if Redweek just changes the price then I doubt anyone but a new shopper would even see it.
Another thing and maybe Redweek doesn't want you to do it but when your posting that your having trouble renting why not say what timeshare your talking about. Then if I had interest I could go to listings and check it out. I don't have the time to look at every unit listed just to see what your talking about and I bet many people think the same way.
I feel the counter idea is good and many people have talked about it on here too. Wonder how many owners spend all this money trying to rent just to lose their week for the year. No money,No trade but we will try again next year! LMAO
I have thought about renting before but never have because first you pay mf, then you pay Redweek or some other company, then you might need to pay $50 for holding company to handle all this for you. Now after all this renter gets better deal and leaves you hanging. Even worse is renting then months later get bill for damage.
This doesn't make me want to rent to someone I don't know.
About twelve years ago a friend of ours owned at Blue Tree resort in Flordia and we spent week with them then next year they stayed with us at our timeshare in PV Mexico. They had nice two bedroom unit and it was clean and within 20 min drive to Disney World. Compared to new timeshares Blue Tree was more like a condo you would own and live in, nothing special but nice.
While there the people up stairs aprox eight college kids rented a condo and it was parties every night we were there. Cops showed up at least four nights to shut them down. They did a number on the unit and really messed it up.
I asked our friends about it the next year while we were on vacation in Mexico and they told us the Blue Tree had taken the owners to court because there was over $17000,00 in damage and the owners refused to pay. Our friend said they last heard the timeshare was taken back from these owners and the law suit cost the owners over $26000 in total cost plus bad credit rating.
This probley will never happen to most owners but you have to ask yourself "WELL PUNK DO YOU FEEL LUCKY TODAY" is this worth few hundred dollars profit!
NOT TO ME!