Renting my vacation Weeks
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Re: Renting my vacation Weeks (by Charles G.):
jayjay wrote:Thank you JayJay, I knew that you would have excellent advise. Other question, is it reasonable to request a modest deposit from the renter as part of the rental agreement? Chuckchuckg21 wrote:Dear JayJay, I have seen many of your postings on Redweek, and recognize you to be an extremely knowledgeable authority on all facets of the time share industry. I am positive that I can rely on your guidance. I would like to rent my week at the Marriott Newport Coast Villa's that I have already reserved this coming August. Obviously I have never rented before, and I want to know what the proper steps are. I understand that I will need to get a rental agreement, or utilize the escrow service being offered on the Redweek site, for about $100 to each party. Do you recommend going the escrow route, since it is my first time into uncharted waters, or go the rental agreement route? Thanks for your advice. ChuckHi chuck ... I would definitely use a rental agreement. You can search forums (right hand corner of this page) for sample rental agreements.
As far as using an escrow service, it's a personal choice, however there are thousands of owners that rent their timeshares without using an escrow service. Also it's possible that a renter may not be willing to pay an extra $100 for the service.
When you decide to rent your timeshare, click on Sell Or Rent Your Timeshare above and a page will come up that will tell you everything you need to know about placing your ad. It's very easy to place an ad on Redweek and that's one reason why this site is so very popular.
Good luck.