WALK AWAY FROM TIMESHARE

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Original Message:

Re: WALK AWAY FROM TIMESHARE (by Carrie S.):

jons29 wrote:
jayjay;

They actually make money off the rentals, as opposed to most of us. The units are all paid for and after paying maintainance fees, they pocket the diff. They are probably clearing 2-2,500 annually. Not a great sum, but, Hey.

jayjay wrote:
I don't understand the philosophy of anyone buying timeshares JUST to rent them out. What joy are they getting from their timeshare ownership? It would be more trouble than it's worth, to me, to buy timeshares just to rent them. But, like you said, different strokes for different folks. JMHO

jons29 wrote:
Chuck; We have friends who have owed three different TS (Orlando, N. Carolina & Tenn) for over fifteen years. They have never stayed at any of them.

They bought them to rent and have never had a losing year. They place them for rent via the Resort management and also on their own. They have more than paid for them just from the rentals. Diff strokes for diff folks.

This is an interesting kind of investment. Not high return, like straight real estate, but if you choose units for high return, by location and season and staff, you will have good rentals.

For example, at the Desert Springs, units are rented to those looking for the TS itself, as well as those looking to book at the hotel. When there are holidays, tournaments, et.al., full hotels encourage TS rentals. Also, renting in high season is lucrative enough to cover empty off-season times. Lately, high season in PS seems to be getting broader and broader.

It is clear that owning a TS and using it is not a real investment. Renting it out seems to be. Renting it out may be a wise way of holding the TS while saving it for when you want to use it .

When we owned a condo in PS, we would never use it ourselves during high season. The rentals were too lucrative.