Successful Resales & Rental Feedback Wanted

Since you are already familiar with RedWeek, have you looked at the RedWeek "for sale" lists? Check Bonnet Creek, but since Wyndham uses its own point system, you do not necessarily have to own there to go there if the Wyndham timeshare you buy gives you enough points. For example, a 2 bedroom deluxe at Bonnet Creek in Prime Season requires 166,000 points. MD

sherril59 wrote:

My Mother-in-law has dementia and we need to get rid of her time share since we are still paying the 1300.00 a year maintenance fee and no one has used the property in probably 15 years! (My father-in-law passed away 8 years ago). We would like to try and sell it if possible. I am open to all advice. We live in San Diego, CA. Thank You, Sherri

In this economy, depending on where and what time you own, it might be to your advantage just to give it away and offer to pay closing. You can put your ad in Redweek's Bargain Basement and other timeshare ad sites

marilynf87 wrote:

Can anyone tell me what all the hidden costs are that I should be looking for when renting my timeshare. This is a first time for me. I realize I have to pay the maintence fee and added to that is the renovation fee but think I saw somewhere on this site, something to the resort when renting to someone else. I would greatly appreciate any input. Thanks, Marilyn

In most cases what you ask is the final rental price (no hidden fees) .... a few resorts have some sort of useage fee (parking fees, etc) but they are few and far between. In many cases, in this ecomony and depnding on what you own and when, you will do good to get your maintenance fees via rentals.

jayjay wrote:

sherril59 wrote:

My Mother-in-law has dementia and we need to get rid of her time share since we are still paying the 1300.00 a year maintenance fee and no one has used the property in probably 15 years! (My father-in-law passed away 8 years ago). We would like to try and sell it if possible. I am open to all advice. We live in San Diego, CA. Thank You, Sherri

In this economy, depending on where and what time you own, it might be to your advantage just to give it away and offer to pay closing. You can put your ad in Redweek's Bargain Basement and other timeshare ad sites

Wyndham does NOT transfer VIP status with any sales of Wyndham points that they don't sell themselves. The points will transfer with a $299 fee, but the status of the original owner does not make the new owner VIP. This comes as direct information from Wyndham financial services. What a bummer!

Hi Everybody. I'm new to this, I own a point system TS (Vacation Internationale) and would love to rent out some of the points that I'm not using. I have a ton of banked points (paid off) that will expire soon, and don't know what to do with them. Has anyone rented out a VI timeshare successfully? I'm looking for advice. Should I book a prime week in a prime location, or keep it open? (I couldn't even say what properties would rent most easily and when so any advice would be welcome). Thanks so much to those who know what they're doing!

The kernel of your problem Marilyn is that your annual maintenance is High. It must be a 2BR, probably a Marriott. Please explain in more detail. I will try to offer you some information that may help.

The best thing to do is ask your resort, you mentioned banked time, is it banked with your home resort or RCI. If in RCI you can not rent out the points. Hopefully you get some feedback from someone who has the same resort. As far as renting out I have posted a couple of differant times with info on some of the process in renting out. Read the fourms, each resort has there rules and process. Good luck.

marks1227 wrote:

Hi Everybody. I'm new to this, I own a point system TS (Vacation Internationale) and would love to rent out some of the points that I'm not using. I have a ton of banked points (paid off) that will expire soon, and don't know what to do with them. Has anyone rented out a VI timeshare successfully? I'm looking for advice. Should I book a prime week in a prime location, or keep it open? (I couldn't even say what properties would rent most easily and when so any advice would be welcome). Thanks so much to those who know what they're doing!

Many people choose a popular holiday week at a popular location when renting out their timeshares, however if you've banked with RCI or II then you're not allowed to rent banked weeks (you CAN gift the week with the giftee (if there's any such word) paying you the exchange fee and guest certificate fee, but you can't profit from that gifting).

Hi JayJay and Carol, and thanks for the help. My points are not with RCI, but with the home company of Vacation Internationale. I let my RCI membership expire, as I don't think I'll use it anyway. I don't have time to use the membership I have now. Anyway, does anyone know what properties or locations would rent the easiest? Hawaii, I'm guessing? Anyone who actually rents out timeshares that aren't limited to one specific property that could help? VI has several locations in Hawaii, Northwest and Southwest USA.

Hawaii is very popular, also check red wishies, alot of people looking for places to rent, or trade. Your lucky your time is not tide up in RCI or II. . Also Jan and Feb are high demand months, hopefully you can book . Take care

jayjay wrote:

marks1227 wrote:

Hi Everybody. I'm new to this, I own a point system TS (Vacation Internationale) and would love to rent out some of the points that I'm not using. I have a ton of banked points (paid off) that will expire soon, and don't know what to do with them. Has anyone rented out a VI timeshare successfully? I'm looking for advice. Should I book a prime week in a prime location, or keep it open? (I couldn't even say what properties would rent most easily and when so any advice would be welcome). Thanks so much to those who know what they're doing!

Many people choose a popular holiday week at a popular location when renting out their timeshares, however if you've banked with RCI or II then you're not allowed to rent banked weeks (you CAN gift the week with the giftee (if there's any such word) paying you the exchange fee and guest certificate fee, but you can't profit from that gifting).

Hi, just saw that Red Wishes has been changed and is going to be replaced with another service. Probably will be in the next news letter.

how do i find the bargain basement

Is this going to Derek? If so, let me know and I will finish. It is not clear to me........thank you

Thank you JayJay for the response...but if all I'm getting is the maintenence fee, what is the purpose, why wouldn't I just bank it. Marilyn

My feeling exactly, Marilyn! A timeshare is intended for the use of the owner and friends, so use it yourself for the most benefit. However, sometimes you just can't get away to do that and don't want to waste it, so trying to rent is an option. We own a lot of TS and finding the time can be a problem. Banking the week just puts off the time crunch till later! You can offer something for rent at what you think is reasonable compared to a hotel for the same space but still covers your maintenance fees plus something for your effort. If it does not rent by the time you must decide to use it or lose it, take it back to use or deposit for exchange. (The suspense can be awful!)

I rent out at least one week most years--sometimes intentionally and sometimes because of unexpected changes in plans. A big windfall is rare, but you should be able to do better than breaking even. Develop a good relationship with the renters you do get, and there is a chance they will contact you when they need something again. MD

jayjay wrote:

sherril59 wrote:

My Mother-in-law has dementia and we need to get rid of her time share since we are still paying the 1300.00 a year maintenance fee and no one has used the property in probably 15 years! (My father-in-law passed away 8 years ago). We would like to try and sell it if possible. I am open to all advice. We live in San Diego, CA. Thank You, Sherri

In this economy, depending on where and what time you own, it might be to your advantage just to give it away and offer to pay closing. You can put your ad in Redweek's Bargain Basement and other timeshare ad sites

mauricee10 wrote:

Hello, I have got ripped off ny that outfit before. They are just a listing service.

Could you send me info, please?

Where would I be without Redweek? 10 years ago my Family and I were staying at hotels or rented condos on VRBO which was ok but not the best. When I saw "Timeshare rentals online" I was a bit doubtful that the process would be easy and who you would be dealing with.

With a few timeshare presentations under my belt I was thinking to myself how I could rent or purchase timeshares for a good price. I found Redweek.com in an ad in the San Jose Mercury News a few years back and had to try it for myself. My family and I rented the Sheraton Scottsdale Villas and more recently The Ridge Tahoe in a 2 bedroom 2 bath unit for less than the cost of a small hotel room one of the hotels/casinos in the area.

What I can't believe is the price you are paying per night for the amenities you get. The price that is stated on Redweek.com includes everything. There are no hidden fees. Its great being able to work directly with the owner of the week. The process is straight forward. All we had to do is send a deposit and then pay in full. There was a contract stating how we rented the week and it could not have been easier.

As a result of successful rentals we bought a resale at Villa Mirage in Scottosdale without a hitch and are looking to buying more timeshare resales.

Back to the point of attending Timeshare Presentations when I see their 90 minute scams(except for the free gift card) I can't help but imagine at all the unhappy people who paid $15,000-$25,000 for the same week. With Redweek.com there is no pressure to buy. You can ask the owner of the week any questions you would like. You can even exchange your week, get bonus time by renting your week and sell/buy resales.

Redweek.com compliments if not replaces II and RCI.

Overall Redweek.com is a gem and there are many people still using VRBO for homes/condos that could have been trashed, no pool onsite let alone a kitchen with mismatched items.

You are renting a quality villa and you can check out the reviews online before you rent.

With our recent II Getaway at Worldmark Indio(noisy and too many kids) you are not bound by II's rules here at Redweek while you may not get your first or second choice you can find places that suit your needs.