Davids DVC: Rental reimbursement or rescheduling?

I just saw in another thread that David's is not taking any new bookings until August 1st per an email that went out? Has anyone seen that?
 
So, the previous renter uses their voucher to make a "cash" reservation, David's pays one night's deposit when making the reservation, and when full payment comes due and he doesn't have the rest of the cash...

It’s even worse if the new cash reservation costs MORE than the voucher (which is likely if it’s for the same number of days as the original rental).

Then the renter would be paying David’s up front the additional cost, and he could pay Disney only the initial deposit until full payment is due, leaving the balance in jeopardy in the case of bankruptcy.
 
It’s even worse if the new cash reservation costs MORE than the voucher (which is likely if it’s for the same number of days as the original rental).

Then the renter would be paying David’s up front the additional cost, and he could pay Disney only the initial deposit until full payment is due, leaving the balance in jeopardy in the case of bankruptcy.

Couldnt the guest just call Disney with the confirmation number and verify the reservation was paid in full? If not, Davids would be in breach of their own agreement.
 
Couldnt the guest just call Disney with the confirmation number and verify the reservation was paid in full? If not, Davids would be in breach of their own agreement.

Is there anything in the agreement that specifies when David’s sends payment to Disney? Normally full payment isn’t due to Disney until a month before the check in date if I understand correctly.
 

Couldnt the guest just call Disney with the confirmation number and verify the reservation was paid in full? If not, Davids would be in breach of their own agreement.
Or, why even include David’s in final payment? Have the voucher cover as much as possible, then just call Disney and pay the balance directly.
 
Or, why even include David’s in final payment? Have the voucher cover as much as possible, then just call Disney and pay the balance directly.

I’ve never booked a cash room through a travel agent like David’s. If you can send payment directly to Disney and have David’s only handle the “travel credit” amount as you suggest, then at least you aren’t risking any further funds.
 
I’ve never booked a cash room through a travel agent like David’s. If you can send payment directly to Disney and have David’s only handle the “travel credit” amount as you suggest, then at least you aren’t risking any further funds.
Agreed. Although I have booked numerous cash rooms, I don’t know exactly how David has his voucher system set up. Could be a gotcha in there.
 
If you book a room through a Travel Agent, Disney will only accept payment processed through the Travel Agency. You won't be able to call Disney and verify or make the final payment and they'll refer you back to the Agency.
 
the cash booking would be made as part of the voucher program -- so HE'S the one that is supposed to be paying the initial deposit and the balance due on check-in.

Which is great if he's still in business...but if he's not?
Fool me once, shame on you, fool me twice, shame on me.....
 
Hi everyone!

I have a reservation with David's DVC in May and I contacted them earlier this month to see if they can get in touch with the owner to reschedule my trip to a later date. I'm a nurse right in the epicenter of COVID 19, therefore I knew the situation was looking bleak and Disney would not be up and running in May. They sent me a canned email response just like their replies on Facebook. I know they are inundated with cancelled reservations from March and April, so the chances of them of working on my May reservation is slim to none, but I gave them a head ups to try to work things out with the owner this way they don't lose any points.

Should I initiate a CC charge back the day I'm supposed to check-in? I used my Chase Sapphire back in October and their site does not mention anything about a charge back time frame. I also prepaid my dining plan with Disney gift cards. How will I get that money back?
Hello! You are actually in a great position! You may not need to initiate a charge back on that day. Chase Sapphire has Trip Interruption insurance up to $10,000 depending on your level. Please read the terms you agreed to as they will govern what is covered. As far as the Dining plan, maybe you can locate the renter and have them refund the amount? If not, maybe you can tack it onto your claim?
Good luck either way.
 
Sandy, you can rent on your own just fine. Posting for less than what David charges will still be more than he paid you. I like having a conversation with my renter even before the contract is signed. I want them to feel comfortable with me and explain/answer any questions they may have. Makes the whole process so much better..They always have my number to reach me any time. You can do it!!
I agree! I always provide my renter with the information needed to search me up on the OCC site as well. Trust from both sides are required and must be maintained at all times. It’s not hard to do the right thing.

My renters know how to reach me. I give them my cell, and my home number. I’m probably a nuisance to them at some point (😂)because I do monthly updates to see how they are and to see if I can be of further assistance.(most are first timers so I help them link reservations and remind them of FP days and ADR. I also forward any email received from DVC if it will affect their stay. I do this because it’s hard handing over your hard earned money to a stranger in hopes that they won’t take your money and run. Faith, Trust and Pixie Dust is not just a saying!

I hope your give it a chance. It seems to all go smoothly! Just make sure your have a good contract and everything is outlined and adhered to. Hope to see you posting soon!!
 
This is a question that's probably rhetorical in nature, but some type of law applies to brokers. Their businesses for some reason aren't an escrow company (which I don't understand). I guess I'm just wondering because some body of law governs what the brokers can and cannot do, no? Exactly what is a broker? A travel agent? A realtor? What type of business are they?
I guess no one knows the answer to this? What type of business is a DVC Broker? Travel agent?
 
I agree, the whole thing is very messy, I am still to receive the 30% due two days ago, which if they are true to their word (!) I should get if I re-rent those points, but I also had rented out my 2021 points in February with him, for December/January rentals and I am just keeping my fingers crossed that a) the parks and resorts have all reopened and b) that he is still in business then! But your friend should surely get the 30% owed for the reservation when the resorts were still open. What excuse is he using to withhold what is due?
If/when you get your last 30% please let us know :chat:
 
It was covered under some cancel for any reason policies. From what I’ve heard, they are now excluding. Be sure to read terms before buying.
Most renters won't pick up the insurance. In the world of pandemics I wonder if renters will no longer be willing to accept "non-refundable"
 
It was covered under some cancel for any reason policies. From what I’ve heard, they are now excluding. Be sure to read terms before buying.

Thankfully ours is only stopping Covid cover for new policies. As long as we keep renewing we’re fine!
 
Most renters won't pick up the insurance. In the world of pandemics I wonder if renters will no longer be willing to accept "non-refundable"
Maybe the price of such insurance should be built into the price paid for the reservation? I think we are all in agreement that the Broker should have had some sort of insurance to cover situations such as this, especially when you consider the cut they take.
 
Thankfully ours is only stopping Covid cover for new policies. As long as we keep renewing we’re fine!
Can I ask, was this through an insurance company? Or was this through the Broker? I know one Broker offered a cancel for any reason option on their rentals that charged more PP to the renter.
 















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