Post reply
Original Message:
RedWeek Rental Warning (by Lance C.):
barbaraw225 wrote:So if I were to want to rent from a Red Week member, should I use an escrow company. What is this and how is it done?
There's one escrow company advertised on RedWeek called First American Title. This company charges about $100 for escrow service. Keep in mind that many owners do not wish to use such services for at least three reasons:
1) It costs $100. Unless you, as the one renting, are willing to pay this fee (perhaps having a sense of security), no owner is going to want to use this service.
2) The owner does not get paid until at least 11 days after check-out.
3) The renter has no fewer than 60 days to change his mind and back out. So if a renter decides 60 days before check-in that he wants to back out, the owner only has 60 days to try to find a new renter.
A lot of owners require that you pay with Pay Pal.