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Re: Tips on Renting Out Timeshare (by Marie M.):

soonn

anitad10 wrote:

daddyd wrote:

Kudos to everybody contributing to this thread. A must read for anybody thinking of buying a timeshare with the idea of renting it and profiting on that rental year after year. Happy Holidays.

I think that it is possible to rent out units and make a profit---it is just not happening on Redweek from these comments. you will not be able to move anything unless you are willing to give it away. Thanks for all your inputs. I was thinking about signing up with Redweek to list my timeshare units for rent. I am not any more. Why should I pay for member ship just to give my timeshare unit at very low price (not enough to cover my cost, time and stress). I will just eat it or use it myself.

I think, one problem with Redweek ad. is: Redweek charges membership fee just to respond to an ad. Why should any interested renter pay $9 or $10 to be a member just to inquire on the ad.

Happy Holidays.

Soon

The answer to your questio is simple. Ten dollars is a small price to pay to be able to find and rent timeshare units at a fraction of the price the person would pay for a hotel room. Redweek provides pictures of the resort and lots of uncensored reviews of each property. After one successful rental transaction, most people return to Redweek for their future vacation needs. Why do you think Redweek has 1,000,000 registered users?

As an owner, I am actually glad this policy is in effect. The person paying the $10. membership fee must do so by credit card. Therefore his name and address is known to Redweek. People looking to send spam will not go through this process. I used to post rental ads at other free or low cost web sites and would quickly receive tons of spam. That has not happened with any of the ads placed here at Redweek. I receive less replies but they are serious inquiries and have resulted in dozens of successful rentals for me. Also, some of my renters have been repeat customers, contacting me directly in subsequent years. This saves me the cost of placing some ads.

Sometimes I receive a dozen or more inquiries. Other times I receive only one or two. But I can honestly say that I have never failed to rent any week I have advertised on Redweek. Keep in mind that I did a huge amount of research (mainly at the Timeshare Users Group www.tug2.net) before buying the weeks I own. They are all very desirable, even though most were bought resale at a fraction of the cost I would have paid if bought from the developer.

There is always a market for desirable weeks, if priced properly. It doesn't have to be a "fire sale" price either. I have always received at least my maintenance fees and often times hundreds of dollars more. Some of the disgruntled people complaining on these forums may own off season weeks and/or at a run down resort. If they can't rent their week at Redweek, I sincerely doubt that they will be able to rent it on any other site.

Just my humble opinion from a very satisfied customer.