Original Message:
Quick Question concerning renting timeshare unit (by Mike N.):
phill12 wrote:Phil First American Title can be used for rentals made at least one week in advance. This is based on the info from the link on the Redweek.mike1536 wrote:Escrow is OK, but you may have to pay the entire fee which will be between $100 and $200 depending on the rental cost.Mike I might be wrong but don't you need to sign on for escrow more than 60 days out?
If a rental is made less than 60 days in advance, then the FULL rental payment is due at the time of the application. Other escrow companies could have different restrictions.
think the FULL payment should be made regardless of the time frame, which is another negative I have about using escrow (in addition to getting money AFTER the rental date). If a renter cancels 61 days prior to check-in he will lose the deposit, but the owner now only has 60 days to try to re-rent, use, or exchange the unit. Whenever I rent, I usually charge the cost of the MF, plus $100-$200. Only getting 50% on a cancellation wouldn't even cover my MF.