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Original Message:
Re: How can I rent a timeshare? (by Phil L.):
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. 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 secure payment aloha, mccabin
Thousands of people use Pay-Pal and like it! I would not use it again because it didn't work the time I signed on to buy something for my daughter!
I have a major problem with the fact once in their system I can not get out(Pay-Pal's words).
I was a member for 24 hours (2002) and since have been on scam list and also Pay-pal list. I called them about five times since 2002 and they check and say my acct is closed and never used and yes they have peoblems. Also state they have no system to remove closed accts! I still get e-mails from Pay-Pal about my acct every week and it will not end until I get new e-mail address!
Other issue is yes using Pay-Pal gets the owner their money quickly but does very little for the renter.
If you have problems you will find like most of these companies that state they have your back disappear when problems start! You will be dealing with your credit card company to try and get your money back!
If you rent with enough time use escrow but of coarse that will cost you about $50.00 and renter $50.00 so this has to be a main issue when renting! If renter wants to spend the money then this is best and safest way!
You should have a contract signed with payment in full before having unit issued to other party!
I would take reg check that has their address and bank or credit union that you could check very fast! Also do not turn unit over unit check has cleared your bank and only take check for amount of your rent!
Anyone offering to pay more with you making refund to them for extra amount should be hungup on! SCAM!