Original Message:
Re: New to timeshare renting and Redweek. Need some info and insights (by R P.):
johnc1149 wrote:So, let me get this straight. The people advertising on this site --- the ones that I am potentially renting from -- have already esentially paid for the condo room via a timeshare deal?
No, they own the week and unit they're renting, but this should he verified to you by them.
Quote:They have paid an upfront cost and annual fee to secure a condo at a given locale.
Yes, they bought the week and unit that they're renting ... they own it.
Quote:They then offer up the condo room on this site for either a profit, or to break even because they can't go on their own due to work schedule or flight costs or whatever?
Exactly, they offer the rental, because, for whatever reason, they can't use it and renting helps pay their annual maintenance fees. All owned timeshares have annual maintenance fees.