Yes Denise0362 that is exactly what I would like to look into, renting points. How do I find an owner that is looking to rent their points, and how would I know they are legit?
Basically what happens is that a DVC owner books a reservation under your name, and you pay them based whatever agreement you have made. You will get a reservation number that you can enter into your
MDE account, so you can do ADRs, FPs, link tickets, etc.
You can do this through a broker (such as David's), who isn't really renting the points to you, but is acting as an intermediary between the owner and the renter. If you're not familiar with the process, going through a broker maybe better, but maybe harder to get a room during high DVC demand seasons (October/November/December, some of September and January, race weekends, etc).
You can also rent directly through an owner. Go the DVC Rent board here, and you will see lots of owners advertising their points or reservations for rent. It is usually slightly cheaper than going through a broker, and it's usually a bit easier to get exactly what you want (since you don't really know what inventory a broker happens to have until you make a deposit).
Advantages of renting DVC:
1. Generally cheaper than a similar room at the same resort, is often significantly cheaper.
2. Have kitchens (kitchenettes for studios) and washers/dryers (in 1 BR or higher, studios generally share a laundry room)
Disadvantages of renting DVC points:
1. DVC is a timeshare so they only do towel service every 4 days and cleaning every 8 days
2. The reservation is not under your control. For DVC, in theory the owner could cancel your reservation at any time, or if they have financial troubles and don't pay their dues, then your reservation could get cancelled. Pretty rare, but not unheard of.
3. Generally not refundable
4. Generally have to plan far in advance (7 months), but not always.
That's what I can think of off the top of my head.
Determing whether someone is legit is a bit tougher. You generally want someone with referrals, who has been active on the board for awhile, etc. However, there is nothing you can do to prevent fraud 100% unfortunately, but my understanding is that it's not all that common. If you go through a broker and owner disappears, the broker I believe will refund your money, which is one advantage of that route. If you read/post in the DVC forums, you will probably get more opinions, I've never actually rented before (though I am an owner).