Avg mkt rent
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Avg mkt rent (by Mike N.):
shikhak2 wrote:I'm a bit confused...prior to completing a rental you would first have to reserve the week at the resort. If there is no 3b/b available for week 52, then how can you reserve the week to rent out.thanks but at my resort, there is no 3b/b available for this week. moreover, mine is floating, so the guest can check in any time/day. i know there are many TS but very few for week 52 that are floating. near about oct, nov, shouldnt the rental demand go up for this unit and hence increase in price. let me have your views. i am targetting $60 per person per night - thats not overpriced for a luxury resort. Is it?
As November approaches, the demand might go down since many people have already made their Christmas week plans. As Dec approaches, rental rates will go down since owners will want to get their units rented at any cost or risk having not rented at all.
The $60/person/night is reasonable for two people, but you can't expand that to assume 10 people in a 3 BR timeshare. Remember your target renters will be families. For example, my brother has 2 sons and a daughter, so he would use a 3 BR unit, but there are only 5 people.