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Re: Tips on Renting Out Timeshare (by Archie B.):
daddyd wrote:Wow, phill12, you certainly describe the unhappy owner scenario! Could U explain a little more about your bad experience trying to exchange to Hawaii thru II? I understand that the supply side of the equation, especially in Maui, is very low, and the demand very, very high, especially for red season, beach front units. Could it be that was the cause of your problem? By contrast, I see many units offered for rent right here on redweek for 2007, some for $100.00/nite, for 7 nites, which I personally favor at a minimum, cause I hate packing and unpacking. Did you also consider the "get-away" feature on II? My neighbor just booked a 1 week get away thru II to some resort in Hawaii that I have seen advertised right here on redweek for $599.00. It's a Studio Unit, sure, and probably little or no view, but a great price for a Maui location, in Ka'anapali or nearby, and he booked it for the 1st full week of January 2007. Hope you post back with your experience. I'll let U know how my neighbor makes out. Wish I could go with him! LOL! Happy Holidays!
Bingo!! "$100 per night for 7 nights!" That's me! My wife and I enjoy planning our annual trips to Las Vegas and we always try to stay at Grand Resort. While we sometimes get comped for our hotel room at a casino ... we would much rather stay at Grand Resort for $100 per night as a rental guest than as an owner. If our rental helps someone who is an owner to pay his/her MFees beacause they couldn't use all their points that year ... or because the deed was passed onto an heir who couldn't use the unit ... or because of illness ... at least the renter is paying the annual Mfee for them until the owner IS ABLE to use his timeshare in future years.
I love RedWeek.com and the $10 annual subscription fee is peanuts. I lose that (and more) on one spin of the roulette wheel.