Buying, Renting, and Selling Timeshares

Best way to rent out RCI floating weeks

Jul 24, 2007

I got four RCI floating weeks which can be booked any gold crown resorts worldwide 1 week for 2 bedroom (4800 RCI pts associated with this week) 1 weed for 1 bedroom (3400 RCI pts) 2 weeks for studio (2400 RCI pts)

Can I deposit these weeks into redweek? Can I post these points at Redweek?

any suggestions will be highly appreciated.


Lisa X.
Jul 25, 2007

The best way to rent out floating weeks is to reserve weeks that are in the most demand (ex: summer and holiday weeks). After you have reserved these weeks, you can then post them for rent on Redweek.


R P.
Jul 25, 2007

lisax wrote:
I got four RCI floating weeks which can be booked any gold crown resorts worldwide 1 week for 2 bedroom (4800 RCI pts associated with this week) 1 weed for 1 bedroom (3400 RCI pts) 2 weeks for studio (2400 RCI pts)

Can I deposit these weeks into redweek? Can I post these points at Redweek?

any suggestions will be highly appreciated.

=========

Are you saying that you want to rent out weeks you will seek in exchange for time or RCI Points you banked with RCI? Under RCI WEEKS rules, you definitely can NOT offer to rent out any weeks you secure via a RCI exchange. You certainly can't "re-bank" them with another exchange company or rental site such as RedWeek. You can only use them or give them to a guest. You can accept reimbursement for the Guest Confirmation and Exchange Fee.

I am not a member of RCI POINTS and there may be differences in their policy, but you should check their site very carefully for advice on this. The RCI POINTS resort at which you bought can also clarify this for you. It is my understanding that you can choose to retain the unit on which your RCI POINTS home resort is based for a year and then could legally rent that or deposit it with RedWeek.

If I am all wet about RCI POINTS exchanges and you learn that you CAN rent them out, please post here and let us all know! MD


Mary D.
Jul 26, 2007

Jayjay, thanks for the info.

Any suggestions in what resort/reason is considered as high demand?

I had to cancel my "manhattan club" Fourth of July week. Felt really bad.


Lisa X.
Jul 26, 2007

lisax wrote:
Jayjay, thanks for the info.

Any suggestions in what resort/reason is considered as high demand?

I had to cancel my "manhattan club" Fourth of July week. Felt really bad.

Summer beach front resorts are in high demand as are any holiday week such as July 4th, Labor Day, Memorial Day, Thanksgiving, Christmas and New Years. Key West and NYC are always in high demand any time of year.

Bummer about you having to cancel your Manhattan Club July 4th week.


R P.
Jul 26, 2007

lisax wrote:
Jayjay, thanks for the info.

Any suggestions in what resort/reason is considered as high demand?

I had to cancel my "manhattan club" Fourth of July week. Felt really bad.

=========

lisax! Please see my post below.


Mary D.
Jul 26, 2007

Sorry, lisax, but this is what I found on the RCI POINTS site and copied off directly. Unless I am totally misunderstanding what you are saying you HAVE, you can't rent it without putting yourself in major jeopardy with RCI. The same "non commercial" rule applies to RCI WEEKS. Exactly what do you mean by "RCI floating weeks"? Are you thinking of something other than weeks deposited for exchange? If you mean you own floating weeks in resorts affiliated with RCI but the weeks have not been deposited or "banked" with RCI, that is different. You can choose a good week of your own to rent via RedWeek etc.

"Guest Certificates may only be used by the individual(s) named on the certificate and their guests. Guest Certificates are non-transferable, and may not be used for any commercial purpose, including auction, rental or sale. Their use is subject to any conditions, restrictions or limitations which may be imposed by the Host Resort. Members are responsible for all acts and omissions of their guests and for any damages caused or expenses incurred by their guests.

19.4.5. Each Member’s decision to purchase Vacation Ownership should be based primarily upon the benefits to be gained from the ownership, use and enjoyment of such Member’s Vacation Time at the Affiliated Resort and not upon the anticipated benefits of the Network.

19.9. Non-Commercial Use. Use of the Network and/or RCI Points® by a guest or a Member may not be for commercial purposes, including through auction, rental or sale."


Mary D.

Last edited by adahiscout on Jul 26, 2007 06:15 PM

Jul 27, 2007

I assumed that she hadn't deposited her floating weeks with an exchange company. I didn't read anywhere that she had.


R P.
Jul 27, 2007

jayjay wrote:
I assumed that she hadn't deposited her floating weeks with an exchange company. I didn't read anywhere that she had.
========

Since the reference was "RCI floating weeks", it sounded like she had. Otherwise, why were they "RCI"? But she will have to clarify that for us. MD


Mary D.
Jul 28, 2007

adahiscout wrote:
jayjay wrote:
I assumed that she hadn't deposited her floating weeks with an exchange company. I didn't read anywhere that she had.
========

Since the reference was "RCI floating weeks", it sounded like she had. Otherwise, why were they "RCI"? But she will have to clarify that for us. MD

----------- lisax, please clarify. What is the relationship between the Floating weeks and the RCI Points (4800,3400, or 2400)? RCI Points units usually require 25,000-30,000 minimum for a weeks rental.


Mike N.

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