Any other ways to sell your points besides the boards or ebay?

[JMLBrats]

Hoping to get a little more money than the boards bring and even though we have over 1500 positive feedback (and no negatives) on ebay, we can't do it there w/out being Squaretrade certified which seems to be a huge pain in the butt-plus costs extra money of course. Any thoughts appreciated....
Just an FYI, we only have one reservation to sell, so I'm not asking this because I want to become one of those people that just sells points all the time. We only own 200 but just had to cancel one of our reservations for this year. The other option would be to just put the points back which we can still do and then bank them for next year, but the extra money would be really great for us right now.

 

[GEB@okw]

Hey, try to rent to friends, coworkers and relatives. You know, changing the rules on the rent trade board hurts everyone except those large high season reservation grabbing commercial renters as they already have all the renters they need.

 

[jodifla]

Hoping to get a little more money than the boards bring and even though we have over 1500 positive feedback (and no negatives) on ebay, we can't do it there w/out being Squaretrade certified which seems to be a huge pain in the butt-plus costs extra money of course. Any thoughts appreciated....
Just an FYI, we only have one reservation to sell, so I'm not asking this because I want to become one of those people that just sells points all the time. We only own 200 but just had to cancel one of our reservations for this year. The other option would be to just put the points back which we can still do and then bank them for next year, but the extra money would be really great for us right now.

How about Craigslist?

Or you can just ask more money on the rent trade board, and see what happens.

 

[DisneyMomOK]

If you Google DVC rentals, you might some other sites.

Sharon

 

[JMLBrats]

thanks guys, all good ideas...

 

[Pluto's Pal]

I just posted on the Orlando craigslist, but haven't had any response yet. I've had really good response on my local craigslist for the last 2 years renting a house that I own, so much that I haven't used local classifieds since. I didn't think the Square Trade certification looked too difficult, I may try ebay as well. Although craigslist is free now, I don't know how long that will last since they've been bought. I don't mind paying a fee to get results, with any luck their rules will be easier to understand than the ones on the R/T board. Anyone else know of any good websites?

 

[ZekeKelso]

While pursuing other options, it certainly won't hurt to put up a post on the DIS. Ask for what you want on the points and see what happens.

 

[browniemtb]

I've been finding that posting on the DIS is getting more difficult. Over the last week I've made several calls to MS for people and getting what they want only to get either we are going to do something else or great but I only want to pay $10 a point. I feel as though I'm doing some leg work and letting them know that there is availability then they take this info to seek out the $9 per point renters. I'm not sure, but I think people want a $5000 reservation for $500. I rent every so often but I promised myself I would never give away my points........but I still see $9 being posted a lot. So to hitch hike on JMLBrats thread, I too have been looking for other avenues of renting points not giving them away.

Brownie

 

[Doctor P]

Keep in mind that the more actively and publicly you market your points and the higher the price you charge, the less defense one has against an accusation of engaging in commercial activity (including being liable for the appropriate state and local taxes for such a transaction).

 

[browniemtb]

Keep in mind that the more actively and publicly you market your points and the higher the price you charge, the less defense one has against an accusation of engaging in commercial activity (including being liable for the appropriate state and local taxes for such a transaction).

This is true but if you rent points every so often I don't feel a label of commercial renter should be stuck on you. Posting on the DIS rent/trade is great but its like selling a home and your neighbor has the exact house but bought it 10 year before you. You want $400,000 but the neighbor wants $250,000. Same goes for points many DVC owners that have owned for years can rent for $9 or $10 and be very happy yet new owners that would like to see $11 to $14 per point don't have a shot when your neighbor is at $9. So seeking other avenues that aren't as competitive is a viable alternative to just utilizing the DIS. Trust me I'm very happy with the DIS and the people that have contacted me, but most do not want to pay over $10. But being a renter I do understand they are just trying to get the best deal for their family. So I too would seek out a $9 renter........
Brownie

 

[salmoneous]

(including being liable for the appropriate state and local taxes for such a transaction).

Not to open a can of worms here, but I don't think state and local taxes depend upon whether or not somebody is a "commercial" renter.

 

[dianeschlicht]

Not to open a can of worms here, but I don't think state and local taxes depend upon whether or not somebody is a "commercial" renter.

ALL income must be reported for state and federal income taxes. What is "commercial" makes no difference on that. I teach music lessons in my home, and THAT income must be reported. Of course, in some states, if it is an "occational sale" item, it doesn't count, and in some states there is no income tax. Some also have a dollar amount before something needs to be reported.

 

[CarolMN]

.....(snip)... Over the last week I've made several calls to MS for people and getting what they want only to get either we are going to do something else or great but I only want to pay $10 a point. I feel as though I'm doing some leg work and letting them know that there is availability then they take this info to seek out the $9 per point renters. I'm not sure, but I think people want a $5000 reservation for $500. I rent every so often but I promised myself I would never give away my points........but I still see $9 being posted a lot. So to hitch hike on JMLBrats thread, I too have been looking for other avenues of renting points not giving them away.

Brownie

This is precisely the reason I tell people that renting is not as easy as it might seem - it can be a LOT of work!

 

[Doctor P]

Not to open a can of worms here, but I don't think state and local taxes depend upon whether or not somebody is a "commercial" renter.

It depends on the tax. The point is that if you meet the definition of "commercial" you are pretty much DEFINITELY going to owe the tax, and often will owe the transaction taxes in any case.

 

[Dean]

Keep in mind that the more actively and publicly you market your points and the higher the price you charge, the less defense one has against an accusation of engaging in commercial activity (including being liable for the appropriate state and local taxes for such a transaction).

To those on this board maybe but price makes no different to DVC in this issue.

Redweeks.com, Timeshare Users group classifieds, Myresortsnetwork.com, bidshares auction site to name a few others.

 

[Doctor P]

To those on this board maybe but price makes no different to DVC in this issue.

How do you know this? Do you have this in writing from DVC legal? It definitely matters in the State of Florida legal definitions of commercial purposes that are published in various statutes and regulations. It also matters to the IRS. While DVC has the absolute right to define it in any way that they please (subject to a reasonableness test) I have not seen any credible evidence to support that they won't take price into account. Even if they happen to not be doing so now, that doesn't mean that it isn't part of the elements they consider or will consider. The failure to price so as to make a profit is generally a prima facie defense against engaging in commercial activity.

 

[VLee]

ALL income must be reported for state and federal income taxes.

Kind of getting picky here....but there are certain limits posted by the IRS in which a person does not have to file an income tax return. I work with this chart all the time processing federal financial aid for students. And many times, a person will make less than the required amount to be reported.

 

[Dean]

How do you know this? Do you have this in writing from DVC legal? It definitely matters in the State of Florida legal definitions of commercial purposes that are published in various statutes and regulations. It also matters to the IRS. While DVC has the absolute right to define it in any way that they please (subject to a reasonableness test) I have not seen any credible evidence to support that they won't take price into account. Even if they happen to not be doing so now, that doesn't mean that it isn't part of the elements they consider or will consider. The failure to price so as to make a profit is generally a prima facie defense against engaging in commercial activity.

Believe what you will. Price doesn't matter. From a tax standpoint profit matters but is less than many would think when you take all things into account. This is not a discussion of what the state of FL or the IRS consider a profit or a business but where DVC does and can draw the line between contractually allowed renting and a vague limitation that DVC has not clearly defined for members. DVC has no way of knowing what was paid and they won't go there. We have heard from several members that received the letter in question and that have talked to legal and the only criteria that has been communicated thus far is that over 20 in a year would need to be in an owners name. As I noted earlier, I do hope someone takes it to court and doesn't settle it along the way.

 

[Dean]

Kind of getting picky here....but there are certain limits posted by the IRS in which a person does not have to file an income tax return. I work with this chart all the time processing federal financial aid for students. And many times, a person will make less than the required amount to be reported.

I don't know about a $$ amount but you can rent up to two weeks a year of a personal use condo tax free in many cases. Very hard to meet the criteria for that with a timeshare but it's possible in some cases it appears.

 

[salmoneous]

I don't know about a $$ amount but you can rent up to two weeks a year of a personal use condo tax free in many cases. Very hard to meet the criteria for that with a timeshare but it's possible in some cases it appears.

Just to clarify - it would be free from federal income tax, not necessarily free from all taxes.

And, not to beat a dead horse (oh, what the heck -

) but the two week exemption is for anyone who qualifies and doesn't depend upon whether or not the person is a "commercial renter" in Disney's eyes.