DVC T &C Personal Use - Only Thread to Discuss!

[Sandisw]

I would’ve done it if it were less points for sure. .

And one of the biggest questions asked of those of us who said we would trade was “Why would you not just rent your points instead? You’d get a better value.

Same happens with cruises…trading value is low…rent and pay cash.

Which, is interesting take in light of the discussion about the rental market.

 

[AstroBlasters]

Since it was posted that Wyndham has their own rental arm and owners can rent directly via them, would your opinion change at all if DVC set this up?

Not that I see them ever doing it, but thought it might be a nice connected topic to discuss.

I would love it if Disney offered an $18pp rental program for members and included the ability to swap that into park tickets, hard ticket events, dining cards, Disney+ credit etc.

 

[AnnaKristoff2013]

What limits do they put? Can an owner deposit to them yearly?

It would be interesting to know how they handle it.

Limits on using their own internal rental service? None. An owner can use them as much as they want. But it’s not a great deal for owners. You’re not making a profit on it. You’re lucky if you can cover your maintenance fees. It’s for owners who have points they can’t otherwise use and are going to end up losing. They also have a really great cancellation policy for the renters, akin to hotel reservations, meaning the renter can cancel the reservation right before the trip and leave the owner with nothing.

It’s where the inventory for this comes from: https://www.extraholidays.com/

Extra Holidays is owned by Wyndham.

It’s also the only really “safe” place to rent Wyndham hotel stays (including Bonnet Creek), since Wyndham isn’t going to cancel their own rentals.

Extra Holidays is where I rented to stay at Bonnet Creek for the first time before I bought a resale contract there.

 

[EPCOT Terran]

I would love it if Disney offered an $18pp rental program for members and included the ability to swap that into park tickets, hard ticket events, dining cards, Disney+ credit etc.

We'll pay you $18/pt and you can use it anywhere in the Disney family would be a great deal for me, no question.

 

[VGCgroupie]

I would love it if Disney offered an $18pp rental program for members and included the ability to swap that into park tickets, hard ticket events, dining cards, Disney+ credit etc.

So much yes!

 

[davidhr]

We'll pay you $18/pt and you can use it anywhere in the Disney family would be a great deal for me, no question.

Even more as it might not have a tax implication if it’s an exchange/rebate.

 

[Sandisw]

Limits on using their own internal rental service? None. But it’s not a great deal for owners. You’re not making a profit on it. You’re lucky if you can cover your maintenance fees. It’s for owners who have points they can’t otherwise use and are going to end up losing. They also have a really great cancellation policy for the renters, akin to hotel reservations, meaning the renter can cancellation the reservation right before the trip and leave the owner with nothing.

It’s where the inventory for this comes from: https://www.extraholidays.com/

Extra Holidays is owned by Wyndham.

Just to be sure I understand…if an owner wanted to deposit points yearly for a few reservations, they would not be prevented from doing it, as long as they were okay with the low pay out?

 

[Cyberc1978]

Limits on using their own internal rental service? None. But it’s not a great deal for owners. You’re not making a profit on it. You’re lucky if you can cover your maintenance fees. It’s for owners who have points they can’t otherwise use and are going to end up losing. They also have a really great cancellation policy for the renters, akin to hotel reservations, meaning the renter can cancellation the reservation right before the trip and leave the owner with nothing.

It’s where the inventory for this comes from: https://www.extraholidays.com/

Extra Holidays is owned by Wyndham.

Please correct me if I'm wrong, but I think I read somewhere maybe on TUG that if an owner lists 7 night stay rental, then maybe the renter only takes 5 of those 7 nights and that's too bad, owner only get paid for 5 and not 7?

 

[AnnaKristoff2013]

Since it was posted that Wyndham has their own rental arm and owners can rent directly via them, would your opinion change at all if DVC set this up?

Not that I see them ever doing it, but thought it might be a nice connected topic to discuss.

I’d be fine with this because I’m confident DVC would take enough of a cut from it that people couldn’t really “profit” by using them, it would just be a place to rent points if you really are in a use it or lose it situation. It wouldn’t lead to a situation like we have now.

 

[Cyberc1978]

Limits on using their own internal rental service? None. An owner can use them as much as they want. But it’s not a great deal for owners. You’re not making a profit on it. You’re lucky if you can cover your maintenance fees. It’s for owners who have points they can’t otherwise use and are going to end up losing. They also have a really great cancellation policy for the renters, akin to hotel reservations, meaning the renter can cancel the reservation right before the trip and leave the owner with nothing.

It’s where the inventory for this comes from: https://www.extraholidays.com/

Extra Holidays is owned by Wyndham.

It’s also the only really “safe” place to rent Wyndham hotel stays (including Bonnet Creek), since Wyndham isn’t going to cancel their own rentals.

Extra Holidays is where I rented to stay at Bonnet Creek for the first time before I bought a resale contract there.

Those terms and conditions matched up against the Fl stat that we talked about does indeed sound like owners are blevet limited in their rental efforts or I'm I wrong?

 

[AnnaKristoff2013]

Just to be sure I understand…if an owner wanted to deposit points yearly for a few reservations, they would not be prevented from doing it, as long as they were okay with the low pay out?

Basically correct. You don’t deposit points to Extra Holidays, only confirmed reservations, and there’s no guarantee that the entirety of your confirmed reservations will get rented out. The low payouts / high cut for Wyndham has the side effect of ensuring it’s not happening on a large scale. The fact that you can’t control how much of your reservation actually gets booked coupled with the fact that you could end up with a last minute cancellation and no payout makes it more of a “last resort” for owners who otherwise are going to lose the points.

 

[tjkraz]

those points will not disappear when they get rid of the commercial renters. Those room rooms will go to other members and I’ll be almost as hard to book.

Again, the distinction is this:

Renter using 100% of points for targeted rentals of cheap studios vs same points in the hands of run-of-the-mill members how vacation across the entire calendar, booking different room sizes and views.

Rooms in hands of everyday owners > rooms in hands of profit-seeking renter

 

[Sandisw]

those points will not disappear when they get rid of the commercial renters. Those room rooms will go to other members and I’ll be almost as hard to book. You’ll just have 25 members instead of one booking them.

However, I don’t see how anyone could successfully book that many value rooms at AK without significant software assistance. In fact, I don’t even know with software assistance if you could get that many rooms If I put on my tin foil hat, it would almost look like they would have to have inside or special access.

It certainly does seem odd you can see so many of one room type, but then again, all it takes is multiple owners with their own log ins and memberships each day to do it…assuming there was no such thing as a bot.

And maybe why they make sure these new terms highlight not allowing others to use your log in?

But, again, if demand is so high for a certain number of rooms and it far exceeds rooms available, they are still end up going in seconds, then IMO, it hasn’t really changed a thing.

 

[VGCgroupie]

Again, the distinction is this:

Renter using 100% of points for targeted rentals of cheap studios vs same points in the hands of run-of-the-mill members how vacation across the entire calendar, booking different room sizes and views.

Rooms in hands of everyday owners > rooms in hands of profit-seeking renter

Exactly it's not hard to understand.

 

[Sandisw]

Exactly it's not hard to understand.

Of course fewer renters means more owner occupied rooms.

That is a completely different than if there were fewer renters the ability to get hard to book rooms every day will be easier.

If am losing out of a room right now in 2 seconds and with the commercial renters gone and now I lose it in 5 seconds, my experience has not gotten better.

I still lost.

 

[VGCgroupie]

Of course fewer renters means more owner occupied rooms.

That is a completely different than if there were fewer renters the ability to get hard to book rooms every day will be easier.

I bet we have owners right now who don’t even attempt the hard to get rooms….but will if they think they have a higher chance.

If am losing out of a room right now in 2 seconds and with the commercial renters gone and now I lose it in 5 seconds, my experience has not gotten better.

I still lost.

At least you lost to an owner going and not someone who made money off renting to a non-owner.

 

[Sandisw]

At least you lost to an owner going and not someone who made money off renting to a non-owner.

While that matters to you, it doesn’t to me. Losing a room is losing a room.

I don’t feel any less disappointed due to who will be staying in it.

 

[MerlinandtheMouse]

My guess is you are still going to have plenty of disappointed owners locked out of rooms that commercial renters have targeted.

There will unfortunately always be those who would rather see it all burn - just because they can't get a club level or value studio at 7 months .

At some point or time I hope they will start to see reality. With only 5 club level studio, it does not matter how much Disney do or don't do these rooms won't be widely available at 7 months.

Some just don’t think that the impact to availability, especially for those hard to get rooms and hard to get times is going to be meaningful better.

those points will not disappear when they get rid of the commercial renters. Those room rooms will go to other members and I’ll be almost as hard to book. You’ll just have 25 members instead of one booking them.

My goodness, the amount of times this exact point came up is exhausting, especially when there’s literally proof all over these boards for years that this isn’t true. I’m quoting just a couple who posted here about their personal experiences and every one of the above has happily ignored.

After all, I DID get CL and value studios at Jambo many times before mega renting has become so widespread.

I don't know if it's because of renting but I am shocked at how the availability has looked for December and January, even into February. I am always looking for those months and have never seen availability so low.

I agree, Bobbi! I used to be able to book CL at Jambo here and there and I don't even own at AKV. There would be odd nights scattered across the website and I got as high as 3 nights in a row just by stalking and waitlisting. These would coincide with a split stay at BWV or BCV.

A founding member that I personally know (who has owned since the beginning) shared last week that for the first time they were not able to get their (CL room) days at the 11 month window. I was surprised they had done so well up to now.

It has come up over and over that rooms that were once easy, or at least easier, to get at 11 months is now impossible. Why should we assume it won’t go back to that? The amount of RIV SV, BWV SV+BW, AKL value and SV, and AUL hotel rooms that are posted on the rental sites are actually insane. I wish I took a look in January what these sites looked like for CCV, BRV and VGF rooms for December bookings. Do we really believe all of them, or even the majority of them are regular people who came into a bit of bad luck and had torment out their vacations?

And at the end of the day this is exactly what those of us annoyed with all the commercial rentals would prefer. I’m not asking to get in to these popular rooms but I want it to be fair fight like it was pre-2016.

Personally I think this is mostly about member satisfaction. Not that a massive number of people are immediately going to start getting what they want. But if you could somehow eliminate EVERY single AKV Value studio currently being held, and every single Riviera Standard studio, every single Boardwalk Standard Studio, and so on...that's a lot of members getting rooms they aren't getting today.

I have no interest in owning something that I spent tens of thousands of dollars on that isn’t a good investment. (I already sold a contract for an $8,000 profit) What made DVC different from a lot of timeshare companies, and the only reason why I considered it was because it can be a good investment. If I can’t rent or resale values start tanking with renters flooding the market I have no desire to own. 100k invested for 35 years until I’m retirement age should be over a million dollars. DVC worked well for us, but depending on how things play out we will probably unload more contracts in the future. We live 15 mins from WDW, and I was fine staying on site a few times a year because I got a good value renting out some points. If the value isn’t there we will sell and just keep Disneyland contracts.

You’re worried about your investments and profit, most of us are worried about getting our own vacations booked. With something like a vacation timeshare, I’d think the person that should be most looked after is the ones using the contract as intended for personal vacation for themselves and their family and friends.

Honestly, I think I’d be ok with people renting all their points if the stipulation was you could only rent points after the 7mo window. No confirmed reservations, points bookings only and all booked after the 7mo window.

 

[Genie+]

We’re not really paying 14 a point when you factor in the cost of MMB

$14pp does include the cost of MMB.

It’s $10pp if you don’t include that $99 MBB cost divided on the maximum of 24 total points using the $20pp BOGO offer.

 

[Sandisw]

My goodness, the amount of times this exact point came up is exhausting, especially when there’s literally proof all over these boards for years that this isn’t true. I’m quoting just a couple who posted here about their personal experiences and every one of the above has happily ignored.





It has come up over and over that rooms that were once easy, or at least easier, to get at 11 months is now impossible. Why should we assume it won’t go back to that? The amount of RIV SV, BWV SV+BW, AKL value and SV, and AUL hotel rooms that are posted on the rental sites are actually insane. I wish I took a look in January what these sites looked like for CCV, BRV and VGF rooms for December bookings. Do we really believe all of them, or even the majority of them are regular people who came into a bit of bad luck and had torment out their vacations?

And at the end of the day this is exactly what those of us annoyed with all the commercial rentals would prefer. I’m not asking to get in to these popular rooms but I want it to be fair fight like it was pre-2016.




You’re worried about your investments and profit, most of us are worried about getting our own vacations booked. With something like a vacation timeshare, I’d think the person that should be most looked after is the ones using the contract as intended for personal vacation for themselves and their family and friends.

Honestly, I think I’d be ok with people renting all their points if the stipulation was you could only rent points after the 7mo window. No confirmed reservations, points bookings only and all booked after the 7mo window.

Since you quoted me, Ill just say that I don’t rent and don’t care about resale value.

As I posted, losing a room to an owner going over an owner who decides to rent it doesn’t change my loss.

I simply choose to not to be upset or care about who I lose it too because I bought knowing that could happen.

And here is why it will be tough to go back to 2016….the number of owners has increased, including the number of owners who have smaller contracts.