Ever Have a Problem Renting your points?

[mikesmom]

There are other kinds of "problems" involved with renting your points. It will depend on your patience level and how much spare time you have whether they are big problems. With folks we have actually completed rentals with we have had great experiences, we were happy, they were happy, would do it again. If any of you are reading this, you were great, and I consider you friends!

On the other hand there have been folks who already had ressies at ASM or offsite got told by someone on another board that the Rent Board was a good place to get even cheaper rooms so they are just "shopping". I've had people have me make multiple calls to check availability and then want to play "let's make a deal". On one occasion even had a poster whose situation was so complicated (I felt sorry for them, silly me!) that many calls were required, including calls back and forth on the weekend (long distance!) and multiple calls to MS. Ended up with a curt email from them that they weren't going to be able to make arrangements after all, never mind. Could tell from posts on the Board later that they had simply made a cheaper deal for points with someone else.

Of course everyone has the right to make the best deal they can for themselves, but folks who waste your time checking multiple times and dates and then bail just before money changes hands I consider to be too much "problem" to get involved in renting points unless you absolutely have no other choice or have nothing else to do with your time (like work, raise a family, etc).

I wouldn't buy points with the intention of renting some of them out. JMHO.

 

[Laurajean1014]

Never. Anytime I wanted to rent, I've always had to say no to people than send out additional posts.

 

[JandD Mom]

I haven't rented yet but I think some of the problems are easily fixed.

First, if you are worried about someone else failing to pay room charges (a problem I agree should be Disney's front desk problem, not the member's) why not add some language to the rental agreement covering it? For example: "Tenant agrees to pay for all room charges directly to the resort at the time of check out. Tenant agrees to indemnify and hold harmless DVC member for any charges, assessments or any other costs charged to DVC member related to Tenant’s failure to pay any charges incurred while staying in the resort."

Second, when I rented from someone who rents a lot on these boards, he would not make the reservation until I made a substantial deposit. I think it was 30% or 50%. If you are borrowing points, why make the reservation without at least half the money in hand? Then if the renter backs out, you are covered for your loss. If you rent it again, then you make your own ethical/moral/legal decision of whether you return all or part of the money.

Third, financially speaking, I am not sure if it is a bad idea to buy points that you are planning to rent. If you can afford it, there is value in knowing you can rent out part of your points to pay the membership fee or more, and pay down your principal with the extra money in years you don't go. It all depends on what you are comfortable with. Personally, I don't mind making reservations or making calls for people.

I think this is a good thread. It gives us newbies lots to think about.

 

[Cruelladeville]

mikesmom, I agree with what you are saying about many people who read about renting points, and then come to this site to play let's make a deal. I don't think many of them realize just how rude it is to do that for an additional $20 or so. I mainly rent to past renters only. This year I bought a contract with points that couldn't be banked, so I did rent to others, but I decided that if they didn't return an email after 24-48 hours, they must not be interested, and I cancelled whatever ressie they had asked me to make. I met some terrific people, though, that is a positive side of renting. We have some wonderful people who "lurk" on our DVC sites, and I enjoy hearing from them. You have to be somewhat outgoing to rent your points, I think. It's not just business, you need to enjoy chatting to make people feel comfortable. (Isn't Maleficent cute? She's almost CruelladeVil!)