First time renting out points, have questions

[seamour]

We are going to rent out our points for next year and use the money towards a trip to DL. However we have only been DVC members for 2 years and I am nervous about renting etc etc. Does anyone have a checklist, contract and anything else I can follow along with while I am doing this ? It would be greatly appreciated.

Michele in MN
SSR Owner

 

[Callalily6]

I have rented a few times and can tell you that it is nerve racking on this end too.

Things that helped me (and should help you too) were to be very clear with the renter and get details in writing - which works good since this board is all emails and PMs. I specificed my dates and preferences. The DVC member called and made me a ressie.

Then they called me to work out payment details, after writing the amount and pay by dates. The phone call was to confirm and make sure everything was on the up and up.

Some people will accept, personal check, money order, or PayPal (PaPal fees are paid by the renter. Make sure they have a confirmed address and you need to actually mail them the conf paper using an electronic tracking number to protect yourself against charge-backs).

Then he gave me the confirmation number. One DVC member actaully mailed me the Disney cof. sheet - which really made me feel better about everything.

All my renters required payment in full at the 30 day mark, although I have heard asking 1-nights deposit is not unheard of. A few days before I left, the DVC member emailed me to see if we were ready (he already had his payment - he was being nice).

And then he followed up a week after we got back to see if everything was good for our trip. I have a new rentee this time - hope it goes as well.

 

[Plutofan]

If you do a search on this board you will find a thread that has sample rental contracts.

 

[seamour]

thank you Calilly and Plutofan for your help ! Just a little more research and I will be ready to plunge !

 

[utahkennedys]

I am a new DVC member as of Spring, but my advice is that it is "safer" to transfer points to another DVC member since once the transaction is done, the points are the other member's points and there is no backing out, etc. I had points transferred into my account from 2 different DVC members for our Sept. trip and it worked out great -- so easy. I paid 1/2 by PayPal, then they transferred, then I called MS to confirm, and sent the other 1/2, all w/in about 10 minutes! If I ever have points I am not using, that would the route I would go instead of renting points...