As the owner renting the points out?

[stopher1]

If you are going to rent, you really need to weed out those you do not want to work with as soon as you can. Practice saying, "Sorry, my terms are firm. You'll need to look for someone else who has terms more to your liking."

Exactly, but at the same time it is a learning process when you start down the path of occasionally renting out your points. Prior to that first transaction in 2009, I spent weeks on here searching out info on the subject before I made my first successful transaction happen. Learning all about contracts, terms other people offer, etc, etc... I was honestly scared silly, but worked through it. I negotiated more than I will now, without a lot of extra benefit to us, but that's okay, it's water under the bridge. Each successive transaction got me thinking about other things that I would "do better" the next time. I deal with very large financial transactions & contracts at work all the time as a Credit Officer, so I do know a little about contracts, pricing and the like. I have since found it easier to negotiate on specific terms that a potential renter might be arguing about by simply laying out the terms I'm willing to accept upfront - or a higher per point cost for things like payment plans, and the like. Depending on what they're looking for, I've done both $0.50 per point and $1 per point extra. We do that at work all the time in putting loan transactions together. The customer will pay for what they really want, make the concession to accept the lower cost or try to find a deal more to their liking elsewhere - often times coming back when they couldn't find anyone else willing to give them more for less. I'm not mean about it in any way - just firm. Ultimately both parties want the best deal they can get.

FWIW, I would never give my member number to someone else. And I would not do a 3 way call either. There's no need.

I agree with this. There is no need. Just yesterday I completed my fourth rental reservation and had no problems with my renter. He never even suggested being on my call to MS, he just understood that it was my call to make. And yeah - don't give out your member number.

Immediately after a reservation is made in the renter's name, the renter can verify its existence on Disney's website -

www.MyDisneyReservation.com/DVC

All the renter needs is the confirmation number which the owner should provide.

This is excellent. I must have missed this somewhere along the line in reading here there and elsewhere. I need to add this to my master contract. Previously I only referred my renters to online check-in. Learned something new. Thanks Carol!

 

[stopher1]

You are all the best!

Thank you so much for helping me out. I did what one person said and went with my gut. I know that this person is wasting my time. I have spent more time today teaching them about DVC. I thought a renter should know what they want and even how many points they need for all options. Being prepared makes you a serious renter and easy for the owner to want to rent.

I can't wait to go forward with a good renter!

Good for you. I'm glad to see you got out from that one and have moved on. I hope you get a good one soon.

 

[ccgirl]

I agree not all renters are like that. There are enough people wanting to rent points that you shouldn't have to deal with that. When I rented points from a DVC member for the first time, I gave them a list of resorts in order of preference and knew how many points were needed. You don't need a renter who is just wasting your time. No need to EVER give out your member number.

Good luck with your rental.

 

[arielrocks]

when I rent my points out I have a contract and ask the following from my renters;

Full names of everyone in the party and ages if any children
home address
50% payment IMMEDIATELY once the reservation is made plus 4% paypal fees and the remaining 50% plus fees once Disney has emailed me the confirmation.

I don't negotiate on these terms or my prices - some renters will always try and push their luck - but they are my points so my terms.

I don't call and check availability as a lot of people are just tyre kickers and I don't appreciate wasting my time. I also prep the renter for possible cost changes depending on which resort is available and put all this in my contract so there can be no complaints once I have made the booking for them.

Have rented points and have rented my own points on serval occasssions and so far, touch wood, no issues at all.

its tough work, some people want something for nothing and think that $13 per point is too much to pay - they tell you all sorts of sob stories to get the price down, I tend to only deal with the serious renters.

 

[arielrocks]

here is my agreement....formatting will have vanished in the post but there is a table at the top I fill in with some info on it;

Rental Agreement for Disney Vacation Club Points


Reservation Date
Resort and Room Type
Check In
Check Out
Confirmation Number
Number of Points
Price Per Point
Paypal Fees
Total Payment Due

Renter will email Member with the first and last names and ages of each person staying at the resort, the arrival and departure dates, home address, home phone number, the resort (first, second and third choice), the accommodations (studio, 1 bedroom, 2 bedroom, grand villa, etc – if you are flexible rank the order of preference) and any special requests (non-smoking, medical restrictions, and the like).

Member will confirm availability with Member Services and make reservation in Renter’s name. At this time Member will provide the Disney Vacation Club confirmation number to Renter. A 50% deposit, plus 3.5% PayPal fees are due via PayPal within 24 hours, this is NON REFUNDABLE.
Upon receipt of written confirmation from Disney Vacation Club (email or Post - this takes from five to ten days) and confirmation from PayPal of Renter’s initial 50% deposit and fees ; Member will email the confirmation notice to Renter. At this time the remaining 50% plus 3.5% fees is due via PayPal. Payment is required from PayPal within 48 hours or reservation will be cancelled and the initial deposit and fees forfeited. Member will always retain control over the reservation

Members are subject to all reservation policies of Disney Vacation Club whenever they make a reservation – whether it's for the Member, a guest or a renter. If a reservation is made within 31 days of travel, Members are automatically subject to holding account rules should they need to cancel the reservation. Because of this restriction Renter must make payment in full via PayPal before Member will make a reservation within 31 days of arrival.

If Renter wishes to cancel the reservation, Member will make reasonable efforts to assist Renter to cancel the reservation on a timely basis. Cancellation must take place 45 days or more in advance of arrival to avoid penalties. Member shall deduct any non-refundable fees prior to returning any monies due to Renter. Member shall return any monies due to Renter via PayPal within 48 hours of the date that such determination is made.

Renter agrees to abide by all Disney Vacation Club terms, policies and rules applicable to Disney Vacation Club members and Disney Vacation Club membership. Renter agrees to be responsible for any unpaid charges or damages to the unit rented, including all contents and improvements, Disney Vacation Club property and Disney property during his/her stay that are assessed against Member or his membership. Any unpaid charges or damages assessed shall be reimbursed to Member via PayPal within 10 business days of notice to Renter. Sending a fax or e-mail copy of a Disney Vacation Club or other Walt Disney Company communication assessing the charges or damages shall satisfy notice to Renter.

This is an agreement to rent points that represent accommodations only. There are no ticket media, transportation, meals, transfers, insurance, or other items included.

Renter understands that Members do not get daily housekeeping services at Disney Vacation Club resorts. If your stay is for less than eight nights, you'll receive Trash & Towel service on day four. If your stay is for eight nights or longer, you'll receive full cleaning service on day four, and Trash & Towel service on day eight. After that, the cycle begins again on day twelve. Day one is check-in day.

Pets are not permitted to stay at Disney Vacation Club Resorts, except for service animals as defined by the Americans with Disabilities Act. All accommodations are Non Smoking.

 

[MinnieVanMom]

here is my agreement....formatting will have vanished in the post but there is a table at the top I fill in with some info on it;

Rental Agreement for Disney Vacation Club Points


Reservation Date
Resort and Room Type
Check In
Check Out
Confirmation Number
Number of Points
Price Per Point
Paypal Fees
Total Payment Due

Renter will email Member with the first and last names and ages of each person staying at the resort, the arrival and departure dates, home address, home phone number, the resort (first, second and third choice), the accommodations (studio, 1 bedroom, 2 bedroom, grand villa, etc – if you are flexible rank the order of preference) and any special requests (non-smoking, medical restrictions, and the like).

Member will confirm availability with Member Services and make reservation in Renter’s name. At this time Member will provide the Disney Vacation Club confirmation number to Renter. A 50% deposit, plus 3.5% PayPal fees are due via PayPal within 24 hours, this is NON REFUNDABLE.
Upon receipt of written confirmation from Disney Vacation Club (email or Post - this takes from five to ten days) and confirmation from PayPal of Renter’s initial 50% deposit and fees ; Member will email the confirmation notice to Renter. At this time the remaining 50% plus 3.5% fees is due via PayPal. Payment is required from PayPal within 48 hours or reservation will be cancelled and the initial deposit and fees forfeited. Member will always retain control over the reservation

Members are subject to all reservation policies of Disney Vacation Club whenever they make a reservation – whether it's for the Member, a guest or a renter. If a reservation is made within 31 days of travel, Members are automatically subject to holding account rules should they need to cancel the reservation. Because of this restriction Renter must make payment in full via PayPal before Member will make a reservation within 31 days of arrival.

If Renter wishes to cancel the reservation, Member will make reasonable efforts to assist Renter to cancel the reservation on a timely basis. Cancellation must take place 45 days or more in advance of arrival to avoid penalties. Member shall deduct any non-refundable fees prior to returning any monies due to Renter. Member shall return any monies due to Renter via PayPal within 48 hours of the date that such determination is made.

Renter agrees to abide by all Disney Vacation Club terms, policies and rules applicable to Disney Vacation Club members and Disney Vacation Club membership. Renter agrees to be responsible for any unpaid charges or damages to the unit rented, including all contents and improvements, Disney Vacation Club property and Disney property during his/her stay that are assessed against Member or his membership. Any unpaid charges or damages assessed shall be reimbursed to Member via PayPal within 10 business days of notice to Renter. Sending a fax or e-mail copy of a Disney Vacation Club or other Walt Disney Company communication assessing the charges or damages shall satisfy notice to Renter.

This is an agreement to rent points that represent accommodations only. There are no ticket media, transportation, meals, transfers, insurance, or other items included.

Renter understands that Members do not get daily housekeeping services at Disney Vacation Club resorts. If your stay is for less than eight nights, you'll receive Trash & Towel service on day four. If your stay is for eight nights or longer, you'll receive full cleaning service on day four, and Trash & Towel service on day eight. After that, the cycle begins again on day twelve. Day one is check-in day.

Pets are not permitted to stay at Disney Vacation Club Resorts, except for service animals as defined by the Americans with Disabilities Act. All accommodations are Non Smoking.

Ok, I just love this one, thank you so very much for taking the time to post this for me. Thanks to everyone on DVC for being my "welcome home" family and teaching me the ropes.

 

[arielrocks]

ooops - posted the old copy - I now charge 4% paypal fees

 

[cseca]

Ok, I just love this one, thank you so very much for taking the time to post this for me. Thanks to everyone on DVC for being my "welcome home" family and teaching me the ropes.

Good for you MinnieVanMom!

And no, not all renters are like the one you encountered. He/she is a bit cuckoo I think.
This one might try to pull something over you because they can feel that you're new to renting.

After once or twice renting you will get a better gut feeling and be more comfortable with sticking to your own terms. And always trust your gut instincts.

BTW, I don't have any 3way on my cell either. I only give the link and reservation # to my renters and it works just fine.
If there's a problem and they can't pull it up (for whatever reason), I will print screen the reservation from my member page (without any personal info) while trying to resolve the issue with MS. I've been known to do both just because.

Good luck!