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Re: rental payment transaction (by Mary D.):

mccabin wrote:

I am about to list our week for rent for the first time. I am wondering about this new "timeshare escrow" vs. a private transaction for securing the rental agreement. Would appreciate any info others may have regarding experience in completing the transaction and is it advisable to use the timeshare escrow? Or is Pay Pal the best way to go? I have read through all the discussions on this thread and it looks like Phil was not happy w/Pay Pal... Thanks for any help! We are owners at the Maui Ocean Club and want to get our week up and posted asap...we are new at this and grateful for all the other info...just need some help with best way to secrue payment aloha, mccabin

If you have been reading these discussion, you have probably seen some of the suggested contracts. Most do not seem to use escrow but you can if it makes you feel more comfortable. Don't put the week in the renter's name until you have the full payment in hand, however you choose to get it. Cashier's checks, postal money orders, etc. are usually good. Get them far enough ahead to have them clear before check in. Still, if it bounces while they are vacationing, you can bounce them, so would they take that chance? Just don't accept payment in excess of what you are asking and agree to send the change to someone! That really IS a scam! MD