Standard Rate for Renting Points... and commercial/professional renters...

[Sammie]

The way I see it, if you choose to rent you set the price. You can't expect others to follow your suit, they might not need as much for thiers as you do yours.

 

[Granny]

This may have been covered ad nauseum before {snip}

Yep

But hey, it takes our minds off of paying for parking debates!

FWIW, I can't see how anyone who buys DVC with the intention of using the points themselves and only occasionally renting them (which I have) would really care a lot about the "average rental price".

 

[TammyAlphabet]

I totally agree - $12-13 would be the bottom for me as well although I have exactly 1 point available so I doubt I would be of much help to anyone LOL!

Sounds like me! I two points, and they aren't coming until September!!

 

[JWimberley]

Sounds like me! I two points, and they aren't coming until September!!

Ha... I have you all beat, I have 20 points left... Wait, what do you mean I don't get those until 2008

Joshua

 

[PinkTink63]

The way I see it, if you choose to rent you set the price. You can't expect others to follow your suit, they might not need as much for thiers as you do yours.

Bingo! I think the people that bought several years ago are fine with $10/pt. Where as people that purchased more recently are not, because they payed much more for their points!
I for one, I didn't buy to rent out my points. I did rent them out last year when I first bought, because we already had our vacation plans made elsewhere.
It seems that people buy more points than they think they will use, just to rent them out?!
I hope I don't have to rent any out again, but it is nice to know we can.

Stephanie

 

[salmoneous]

OK, I'll be the anti-Dean here and be not so political. I find the original post hilarious. Here is someone with a bunch of points they only use to rent out and generate income (hmm, what does that sound like). He rents out his points for <$12/point. But he wants everybody else to be patient and strong and hold out for more money.

Rent your points out for whatever you want. If you think they are worth $12 and that you'll have no trouble getting $12, rent your points for $12. Personally, I think you'll be able to get at least $13 with a little bit of work.

But telling other people to hold strong and be patient to make it easier for you to get more money on the points-you-own-to-rent-for-income - yeah right.

 

[crisi]

I haven't seen much of a case that they are worth much more than say $12 - I'd go to $12, but it would take a lot to get me to think they are worth much more than that.

No daily housekeeping
Lousy cancellation policy
Have to deal with owner for everything - room requests, ME, DDP
Trust issues and related stress
Disney not backing up the reservation
Need to book months out - with a usually hefty deposit
and the little things - like a room change fee.

Plus, as an owner, I think DVC is a great value and am perfectly happy with it. But it does not compare favorably, IMO, to a Deluxe hotel room - Deluxe hotel rooms are significantly nicer than DVC studios - generally better maintained, better decorated, more comfortable.

DVC is really nice, but its a timeshare, not a Deluxe hotel room.

 

[tjkraz]

I haven't seen much of a case that they are worth much more than say $12 - I'd go to $12, but it would take a lot to get me to think they are worth much more than that.

I agree. I'd also add that the great value some see in rentals is quickly diminished to people who want to stay over the weekend. Some people just aren't satisfied with 5-night stays and don't want to switch resorts. If you have to rent points for a Friday and/or Saturday night stay, then $10-12 per point starts to get closer and closer to Disney's rates.

If you prices are so high that those who want weekend nights can't afford rentals anymore, then your rental market shrinks and it doesn't help the situation any. The smaller number looking to rent points will still gravitate toward the lower prices.

I have to laugh every time this subject comes up. Those who WANT to get more than $10 per point CAN get more than $10 per point. The only difference is they will have to work harder than someone willing to take $10 (or less.) Trying to prod everyone to raise prices just strikes me as laziness.

 

[dumbo71]

The only difference is they will have to work harder than someone willing to take $10 (or less.) Trying to prod everyone to raise prices just strikes me as laziness.

I completely agree with this.

I also agree with your 7 night reasoning. I booked 6 nights to maximize my return. It also seemed to be closer to what the renters wanted.

 

[crisi]

I agree. I'd also add that the great value some see in rentals is quickly diminished to people who want to stay over the weekend. Some people just aren't satisfied with 5-night stays and don't want to switch resorts. If you have to rent points for a Friday and/or Saturday night stay, then $10-12 per point starts to get closer and closer to Disney's rates.

Yep, the weekend thing subtract from the value as well.

Also, the profile of the DVC renter - the customers we are talking about are by and large, in my impression, not Deluxe resort lovers looking for a price break, but bargain shoppers who will be happy staying at POR or CSR if they aren't getting a great deal. Especially the ones we get here (eBay or other venues may have a different profile). In some cases, they are comparing renting DVC points to the All-Stars. In other words, they aren't saying "I can save $500 on my BW stay by renting points" they are saying "I can get into the BW for about the same cost as POR" or "It will only cost us and extra $250 to upgrade to BC from POP if we rent points - that's a good deal." Yes, the upgrade in location and room is worth something to them, but its not worth as much - IMO - as some people would like to believe.

 

[Deb & Bill]

Yep, the weekend thing subtract from the value as well.

Also, the profile of the DVC renter - the customers we are talking about are by and large, in my impression, not Deluxe resort lovers looking for a price break, but bargain shoppers who will be happy staying at POR or CSR if they aren't getting a great deal. ....

So why subsidize the bargain shopper? And why advertise the higher weekend rate? Why not just advertise the weekly rate per stay, not per point?

 

[crisi]

So why subsidize the bargain shopper? And why advertise the higher weekend rate? Why not just advertise the weekly rate per stay, not per point?

First question:
Supply and demand. If the demand is from the bargain shopper and the price rises, demand will drop, supply will increase - until you find equalibrium. You have to know your customers. If the bargain shoppers aren't buying the points, is there enough market for points at a higher price? I think a few dollars more, but not that much more, but I could be wrong. Most of the people I see staying at Deluxes on the resort board aren't interested in renting DVC points

Second question: That seems to be a very successful strategy for maximizing income, particularly on eBay - from what I understand from others here. Book the reservation and sell it to the highest bidder. It seems to work less well on this site - probably because "per point" is so well engrained in people's behavior. I think also that since the points per week change so much per season - or per period - its a hard thing to advertise without a specific week booked - which lowers the flexibility for the person renting points.

 

[jodifla]

I haven't seen much of a case that they are worth much more than say $12 - I'd go to $12, but it would take a lot to get me to think they are worth much more than that.

No daily housekeeping
Lousy cancellation policy
Have to deal with owner for everything - room requests, ME, DDP
Trust issues and related stress
Disney not backing up the reservation
Need to book months out - with a usually hefty deposit
and the little things - like a room change fee.

Plus, as an owner, I think DVC is a great value and am perfectly happy with it. But it does not compare favorably, IMO, to a Deluxe hotel room - Deluxe hotel rooms are significantly nicer than DVC studios - generally better maintained, better decorated, more comfortable.

DVC is really nice, but its a timeshare, not a Deluxe hotel room.

Exactly. People are basically sending a stranger hundreds or thousands of dollars, without really knowing if they'll get anything in return.

You need to feel like you are getting a pretty good deal to take that risk.

And like a PP said, I so rarely rent out points (never yet) why do I care how much they go for. It's not like it's a BUSINESS or anything for me.

 

[DVC Dude]

This is an interesting thread.

Somehow, no matter what get posted or agreed by members, the market will find an acceptable price level between buyer and renter no matter if it is $9pp or $13pp.

 

[Plutofan]

Updated

 

[Plutofan]

Updated

 

[TenThousandVolts]

If I have to cancel my trip within 30 dAYS of checkin but I find a friend to take my place, this is no longer allowed? They would force me to cancel and rebook with my friends name? And if there is a waitlist I might not be able to do that?
Is the no name change thing directly related to dvc trying to curb owners renting points? and if so what about the legitimate times when a name change might be in order?

 

[Plutofan]

Updated

 

[TenThousandVolts]

Plutofan- I never thought about it like that- maybe this whole "no name change" thing will make your chances on the waitlist better. That works for me because it is extremely unlikely that I would need to have an emergency trip cancellation- but highly likely that I will use be using the waitlist at some point. Seems like a member friendly rule.
As far as rental prices- it just seems that the market itself will set the price like with everything else. Supply/demand/yadda...yadda...

 

[dumbo71]

I would confirm with MS but that is my understanding from reading other posts and my situation with MS. At first I was surprised but after thinking about it is probably fair since why sould someone who has been witing on the waitlist for months not get first shot at the room. Why should a friend by pass everyone on the waitlist and get the room. People may not like it but it appears to be fair.

Please direct us to that thread because this is news to me.

We CAN and ALWAYS will be able to change names on the ressies IMO. Come on, no changes? Think about the uproar and what that would do to the flexibility of the program?

The "change" you are talking about is that you need to have names and addresses for all of the guests at the time of booking. Doesn't "change" anything. I could still book spec. ressies in my name and then change the names and addresses when the ressie is sold.

I'd bet anything I can go to Ebay right now and find DVC ressies booked on spec. That is not going to change.