Davids DVC: Rental reimbursement or rescheduling?

[disneypharm]

There should not be much "cash from Disney", unless you paid money on top of the credit voucher. David may also not have the 30% due the owner, as that may have been refunded to the owner upon completion of a new rental. But yes, these are pretty onerous terms on the voucher - and there is a chance you would be out of money, and because the voucher terms it may be more difficult to pursue a chargeback.

I assume Davids used his own cash (which is technically what I paid him with the first contract) not a voucher to make the reservation with Disney. So, if closure occurs again, Disney will give him his cash back.

 

[lawboy2001]

So, basically by signing the new contract which does not give me any protection, I am getting rid of the previous contract that gives me some!! I am sorry, that is just greedy! So, in that case, he has the owner's 30%, his commission from the previous booking, and then my cash from Disney. Just Wow!!

You've got it DIS-gusting huh!!??

 

[banzai75]

i would check to make sure it doesn’t conflict with each other but I would likely do both. Insurance may only cover $1000 or so, depending on the card you have.

Reading the FAQ's of travel insurance I don't think they will approve it because DVC is offering a voucher (albeit not a good one.)

Per Chase's Insurance Carrier
Please note that if a common carrier provides a Voucher toward another trip as a form of refund for a cancellation, no payment will be made on your claim with Card Benefit Services because this insurance reimburses specific covered non-refundable travel expenses. If the Voucher issued by the airline expires and is never used, a claim may be payable provided all other terms and conditions are met. If you are charged a fee associated with changing or canceling your airline ticket, reimbursement of that fee may be eligible at the time of loss provided all terms and conditions are met.

If the flight is non-refundable, please provide verification of whether there is an available credit for future travel. Some airlines provide credits instead of refunds, which typically have an expiration date. Once the credit expires, please send proof so we can continue processing your claim.

 

[moab44]

Just out of curiosity. A question to the owners of DVC property. If I used the voucher and try to book a stay next year at a Boardwalk villa, how many of you would give the points for the trip? If no one would do it, what good are the vouchers?

 

[Dracula]

Just out of curiosity. A question to the owners of DVC property. If I used the voucher and try to book a stay next year at a Boardwalk villa, how many of you would give the points for the trip? If no one would do it, what good are the vouchers?

I would certainly rent points again through David if he is running a going concern. There is a great deal of convenience not having to seek and negotiate with renters, and just have peace of mind knowing you would be paid, albeit less money, whether the renter checks in or not.

 

[Cyberc1978]

Just out of curiosity. A question to the owners of DVC property. If I used the voucher and try to book a stay next year at a Boardwalk villa, how many of you would give the points for the trip? If no one would do it, what good are the vouchers?

I own BWV but I haven’t used davids before. I would certainly think twice if Davids are the right broker for me to use. I would maybe use one of the other brokers instead.

i think a lot of owners would prefer not to use David’s in the future.

 

[LawrenceFamily]

Just out of curiosity. A question to the owners of DVC property. If I used the voucher and try to book a stay next year at a Boardwalk villa, how many of you would give the points for the trip? If no one would do it, what good are the vouchers?

I doubt the owner would know that the renter was paying with a voucher? The voucher would be given to you from David's would it not and then you redeem it with them if you make a new booking? The new owner would receive 70% cash upfront as per the agreement and I am assuming that David would pay this direct to the owner.

In this scenario, David is taking the hit on a full booking cost, unless he withholds the 30% from the owner of the original booking, in which case it'd be 70%.

 

[Noodlez]

I would certainly rent points again through David if he is running a going concern. There is a great deal of convenience not having to seek and negotiate with renters, and just have peace of mind knowing you would be paid, albeit less money, whether the renter checks in or not.

I feel the same. I prefer to use a broker and I haven't seen anything yet which makes me think any of the others are better.

 

[Marionnette]

[

Just out of curiosity. A question to the owners of DVC property. If I used the voucher and try to book a stay next year at a Boardwalk villa, how many of you would give the points for the trip? If no one would do it, what good are the vouchers?

No. I own at BWV and would not deal with him again given his newest rental agreement.

 

[suemom2kay]

Did you rent privately or did you use a broker?

I rented privately.

 

[McCrae]

I rented privately.

OK. That makes things a lot cleaner. The contracts owners have signed with Brokers places restrictions on what they can do to help. They have to honour the conditions of the agreement.

 

[cmrdgrs]

I'm just curious if someone has the knowledge and/or legal background and can explain why brokers, AirBnB, VBRO, Redweek, etc -- why aren't these businesses not required to hold funds in escrow and have escrow insurance? All of these transactions seem like escrow transactions, no?

ETA: If the mods feel this is off topic please delete and accept my apology.

 

[suemom2kay]

OK. That makes things a lot cleaner. The contracts owners have signed with Brokers places restrictions on what they can do to help. They have to honour the conditions of the agreement.

Agreed. I thought about going through a broker but 15% commission is ridiculous for what is basically a middleman service which is now proving to be not so good for renters or owners. I’m so glad I just rented privately! Sorry for all involved in this mess.

 

[Sandisw]

Just out of curiosity. A question to the owners of DVC property. If I used the voucher and try to book a stay next year at a Boardwalk villa, how many of you would give the points for the trip? If no one would do it, what good are the vouchers?

I will not use him in the future,

 

[Maddiesmum03]

Just out of curiosity. A question to the owners of DVC property. If I used the voucher and try to book a stay next year at a Boardwalk villa, how many of you would give the points for the trip? If no one would do it, what good are the vouchers?

Well, David has the use of some points of mine for an end of March reservation, as I actually got paid 100% (resorts were still open) so the points are his to use as he wants (good through to August 2021 so very useful points!) but the only request I have had so far was for a reservation using more points which isn't going to happen!

 

[cmrdgrs]

Well, David has the use of some points of mine for an end of March reservation, as I actually got paid 100% (resorts were still open) so the points are his to use as he wants (good through to August 2021 so very useful points!) but the only request I have had so far was for a reservation using more points which isn't going to happen!

I guess I don't understand... Is this the scenario?

The renter paid in full, the date for check-in came and the renter did not check-in. Since the resort was open, the renter lost the money paid to David. However, since the resort was open, you received your full payment.

Now David is going to re-rent the points that you were paid for, and he will be paid again, but what happens for you? Are you also paid again?

 

[Maddiesmum03]

I guess I don't understand... Is this the scenario?

The renter paid in full, the date for check-in came and the renter did not check-in. Since the resort was open, the renter lost the money paid to David. However, since the resort was open, you received your full payment.

Now David is going to re-rent the points that you were paid for, and he will be paid again, but what happens for you? Are you also paid again?

Yes, he is going to re rent the points, and no I won’t get paid again In an ideal world I would like to have re rented for the original renter, but our email dialog suggested the money from a new rental would refund the original renters. I guess that was before he thought up the voucher scheme.

 

[cmrdgrs]

Yes, he is going to re rent the points, and no I won’t get paid again In an ideal world I would like to have re rented for the original renter, but our email dialog suggested the money from a new rental would refund the original renters. I guess that was before he thought up the voucher scheme.

But, you really have no way of knowing what happened with the original renters -- if they got their money back, or if they were issued a future travel credit, or if they paid for the reservation and David stuck to his "non-refundable" clause (which seems like could have happened)

 

[Maddiesmum03]

But, you really have no way of knowing what happened with the original renters -- if they got their money back, or if they were issued a future travel credit, or if they paid for the reservation and David stuck to his "non-refundable" clause (which seems like could have happened)

That is very true, in my eyes those points (or another reservation booked with them) belong to the original renters.

 

[yankeesfan123]

Yes, he is going to re rent the points, and no I won’t get paid again In an ideal world I would like to have re rented for the original renter, but our email dialog suggested the money from a new rental would refund the original renters. I guess that was before he thought up the voucher scheme.

Sounds like David’s is getting awfully close to a pyramid scheme in that scenario...