Davids DVC: Rental reimbursement or rescheduling?

[cmrdgrs]

That's very unfortunate. If you have direct renters, maybe you can still get them rescheduled for June / July. If reservations are through David, maybe you can keep the 70%.

Very unfortunate indeed. I've already decided to refund my renter if they can't/won't travel (early July rental). I only have one small rental impacted because as a general rule, I never rent in the last 4 months of my UY. In 14 years of ownership, this is once of twice I have rented in the last 4 months. Hoping it works out, but if it doesn't I don't collect all the money upfront. I only have to refund a deposit, which I can easily do.

The other BIG issue is that I have a Disney Collection reservation (332 points) -- again, broke my own rule and traveled in the last 4 months of my UY (I always cringe when I pull the trigger on a decision like that which I know is risky). I've rescheduled for literally the last 3 days of my UY July 29, 30 & 31 at the GCH.

 

[Dracula]

Not necessarily - see the new DVC policy just posted on the member site. I'm sure there will be discussion in another thread on the specifics, but the points will be extended.

Based on the policy update, only April and June use years will be extended. There is no extension, as of now, for August use year points - so reservations made with August points that are canceled in April or May would have the points past the banking deadline and expiring on July 31st.

 

[ScubaCat]

Based on the policy update, only April and June use years will be extended. There is no extension, as of now, for August use year points - so reservations made with August points that are canceled in April or May would have the points past the banking deadline and expiring on July 31st.

Good point there, thanks. Perhaps they'll update the policy as time goes on or make exceptions on a case-by-case basis.

Worst case scenario (besides losing them, IMHO), you could deposit them into RCI. I believe 45 days prior to expiration is the deadline for that.

 

[Dracula]

Good point there, thanks. Perhaps they'll update the policy as time goes on or make exceptions on a case-by-case basis.

Worst case scenario (besides losing them, IMHO), you could deposit them into RCI. I believe 45 days prior to expiration is the deadline for that.

Great idea, thank you for reminding me! I was never able to go somewhere through RCI, but I guess it is better than letting the points expire with no recourse.

 

[Sandisw]

Based on the policy update, only April and June use years will be extended. There is no extension, as of now, for August use year points - so reservations made with August points that are canceled in April or May would have the points past the banking deadline and expiring on July 31st.

The rules on the website, which wasn’t in the email, states that those with points beyond a banking window will also get late banking if the reservation is canceled due to a resort closure,

So, those with May reservations and Aug UY, will be allowed to bank late if they are indeed closed still,

It does mention that once resorts are opened, no exceptions will be made, I think it’s a good sign we will see resorts open June 1st

 

[dragonflymom]

Good point there, thanks. Perhaps they'll update the policy as time goes on or make exceptions on a case-by-case basis.

Worst case scenario (besides losing them, IMHO), you could deposit them into RCI. I believe 45 days prior to expiration is the deadline for that.

That would be nice if they do extend this temporary policy if parks remain closed since I have a contract with Sep UY, but I suspect that they may not since the timing of the announcement today may be deliberate, since the banking deadline for Sep UY is coming up. I look at the announcement as a gentle nudge to Sep UY owners that they still have time to bank their points and they can't claim ignorance about the park closure and how their travel plans could be affected.

 

[Dvcfam123]

The rules on the website, which wasn’t in the email, states that those with points beyond a banking window will also get late banking if the reservation is canceled due to a resort closure,

So, those with May reservations and Aug UY, will be allowed to bank late if they are indeed closed still,

It does mention that once resorts are opened, no exceptions will be made, I think it’s a good sign we will see resorts open June 1st

I’m having trouble finding where is says that late banking will be allowed. Are you able to help identify where this is stated on the member site? Thanks.

 

[ScubaCat]

Great idea, thank you for reminding me! I was never able to go somewhere through RCI, but I guess it is better than letting the points expire with no recourse.

It's definitely a last resort (no pun intended) but better than letting them vanish into thin air. I'd wait until right up to the deadline though in case they extend the policy exceptions.

 

[ScubaCat]

I’m having trouble finding where is says that late banking will be allowed. Are you able to help identify where this is stated on the member site? Thanks.

https://disneyvacationclub.disney.go.com/borrow-points/policy-updates/

Members with later Use Years should follow normal banking guidelines to bank their current Use Year Vacation Points. If a reservation was cancelled due to the Resort closure after the Member’s banking window, an exception will be made to bank the allotted Points associated with that reservation.

 

[Grumpy by Birth]

So, what ramifications does everyone think the new policy announcement will have on David's and the rental market in general?

Off hand, it seems like this could mean those owners who were set to lose points might now be more willing to re-rent them since they still have a limited shelf-life?

Will owners be more inclined to return the 70% to David's and use the "extended" points for a reservation of their own in the coming year?

Could this announcement by DVC perhaps be the lifeline that saves David's rental broker business?

 

[Sandisw]

So, what ramifications does everyone think the new policy announcement will have on David's and the rental market in general?

Off hand, it seems like this could mean those owners who were set to lose points might now be more willing to re-rent them since they still have a limited shelf-life?

Will owners be more inclined to return the 70% to David's and use the "extended" points for a reservation of their own in the coming year?

Could this announcement by DVC perhaps be the lifeline that saves David's rental broker business?

No, because now the borrowing rule at 50% could limit owners from what they have available for rental,

Those with banked points expiring aren’t getting that much time to rebook someone.

I guess it could play a role with those with April, June, and maybe Aug UY with May reservations who will now have 2019 points that being allowed late banking,

 

[moab44]

Is the owner of the points unable to reschedule for you? That would be the better route.

Lots of people on this thread said they contacted either the owner or renter
My owner never tried to contact me.

 

[ScubaCat]

That would be nice if they do extend this temporary policy if parks remain closed since I have a contract with Sep UY, but I suspect that they may not since the timing of the announcement today may be deliberate, since the banking deadline for Sep UY is coming up. I look at the announcement as a gentle nudge to Sep UY owners that they still have time to bank their points and they can't claim ignorance about the park closure and how their travel plans could be affected.

I actually disagee with that motive from DVC's perspective. I'm sure they'd rather you keep your summer booking and let you late-bank if necessary. Otherwise if everyone cancels and banks, that's even more points for the overloaded system to handle in 2021.

Nevertheless, the policy states you'll be able to bank if your booking is canceled due to resort closure, so it mainly depends on what you're comfortable with in terms of going to Disney somewhat soon after they reopen considering all the current circumstances.

 

[WanderlustinFP]

I found my owner, but I'm not sure if I should contact her.

 

[ScubaCat]

I found my owner, but I'm not sure if I should contact her.

From the perspective of a renter, there's probably not much to lose. Problem is, David's is still holding 30% of her funds, so I'm not sure there's much you can do unless they're willing to accept any sort of agreement you work out. It's tricky all around since the broker holds some of the cards but wants to control the entire situation. Understandable for the business, but not necessarily working out best for the renter and owner right now.

 

[Sandisw]

Based on the policy update, only April and June use years will be extended. There is no extension, as of now, for August use year points - so reservations made with August points that are canceled in April or May would have the points past the banking deadline and expiring on July 31st.

Aug UY members who have May trips canceled, assuming resort is closed, will be allowed to bank late,

I

 

[cmrdgrs]

I'm not sure the the extension on 2018 banked points for April & June UYs helps things very much. Correct me if I'm wrong, but the way I understand, you only get a 6 month extension from the date the points originally expired? So, for April that means they expire at the end of September and for June that means they expire at the end of November?

Availability for studios (the most popular rental) is very, very sparse right now in those months.

 

[Sandisw]

I'm not sure the the extension on 2018 banked points for April & June UYs helps things very much. Correct me if I'm wrong, but the way I understand, you only get a 6 month extension from the date the points originally expired? So, for April that means they expire at the end of September and for June that means they expire at the end of November?

Availability for studios (the most popular rental) is very, very sparse right now in those months.

Correct, So, assuming a June 1st opening, April UY is getting a 4 month window,

And, if someone has say, 50 points extended, getting something with them may not be feasible,.

People may also not want or be able to travel in the summer, which is the Bulk of the time the points will be used,

 

[ScubaCat]

There is still a good amount of studio availability for the next 4 months. If you have a small'ish number of April or June 2018 points getting the 6 month extension, I'd book something ASAP. Even if you can't or don't want to go, you can list it 30 days prior on the rent/trade forum (or earlier if you sign up for premium). Or possibly dvcstore.com could rent it for you as well.

 

[DisneyBB]

I reached out to my renters via David in the end. Thought I would try and see what happens. Very quickly one of my renters replied asking to reschedule. So you can still ask for that via David’s. My bookings are not till the summer but thought it best to make sure they were ok.