Hassan Told Me I can Rent my points!

[Tinkmom]

But what IS the "big deal"? You can still transfer in a few points if you need them. You can only do it once though in a year. Nothing wrong with that and certainly allowed.

There IS something wrong with that! If you like to carve your plans in stone in advance, then that is fine for you. For those of us who like some flexibility, then it is a serious limitation.

 

[dianeschlicht]

I totally agree. I think that many of those who have posted that this is such a great thing will change their minds in the future if the once a year limit is enforced. That is a serious limitation of the flexibility of DVC, which, IMHO, makes this timeshare significantly less valuable than without it. I like being able to use all my points one year, then renting/transferring some the next to pay cash for some of us on a cruise. I don't like the thought of struggling to find ONE person to take just the number I need to sell. Or if I happen to need points transferred in that I need to be sure of my exact needs for the year because I won't have a second chance to get any more transferred in. I think it affects those of us with many points more than those with a few, and who maybe do the same trip at the same time every year. But I like(d) DVC because I didn't want the standard timeshare where you had to do the same thing every year! I don't want to be forced to plan to the point a year or more in advance. I had been considering selling one of our contracts, and this makes me much more inclined to do so.

I also don't personally see this change making a big improvement in availability of those "hard to book" times. I think MS could and should have figured out a way to maintain the home resort of any transferred points, as that seems to be likely to cause problems in booking at the smaller resorts. As huge as Disney is, I find it amazing that they couldn't manage to figure out how to stop the "laundering" of points??

YOur post is contradictory. If you like the flexibility, how does enforcing the transfer policy make it less flexible? That policy(or one of similar wording) was written into every sales document as was the "renting for commercial" purpose. Unless you made your purchase to "rent for commercial" gain, there is really no reason that MS enforcing the policy should be upsetting to anyone. You can still rent your points out if you have more than you can use....It's just transfering in and out that is limited, and that can only be a problem if it comes from another account.

 

[Angry Mickey]

I believe most people buy into DVC for personal use and just simply wouldn't use a 1,000 points a year. Your guide should have advised you to buy 4 - 5 smaller contracts (200 - 250 points) which are more in line with how many a family would need each year for a week's vacation at Disney. That way you could have sold off them individually to 4 or 5 people.

Just my opinion.

Why can't I sell it to different people?

 

[Mike]

Why can't I sell it to different people?

It is a single contract. You cannot break it up.

 

[Tinkmom]

YOur post is contradictory. If you like the flexibility, how does enforcing the transfer policy make it less flexible? That policy(or one of similar wording) was written into every sales document as was the "renting for commercial" purpose. Unless you made your purchase to "rent for commercial" gain, there is really no reason that MS enforcing the policy should be upsetting to anyone. You can still rent your points out if you have more than you can use....It's just transfering in and out that is limited, and that can only be a problem if it comes from another account.

My post isn't contradictory at all. Imposing a limitation makes it less flexible; that's pretty much a rational conclusion. If you can't understand what people have said then I don't know any way to make it clearer for you.

Also, where did you get that "that policy(or one of similar wording) was written into every sales document" as a fact? That is simply not true. The only policy that I am under the impression has been in all POS is that transfers are limited to one direction in each use year, i.e., you can't transfer points in AND transfer points out of the same account in the same year. Even that may not be in all, but certainly no numerical limit to transfers is in "every sales document".

 

[esulerzy]

Why can't I sell it to different people?

If it is a single contract for 1000 points, it must be sold as a single contract for 1000 points. You cannot divide a large contract into smaller ones when selling.

 

[Angry Mickey]

It is a single contract. You cannot break it up.

Won't Disney, if I am forced to sell it to make my mortgage payments?

 

[paults]

If this is true I feel sorry for you.

BUT, with all the info on these boards these days about not buying large contracts and buy where you want to stay, I guess you didn't do a lot of homework before you bought.

I know you only have 4 posts but that doesn't mean you haven't been reading these boards for awhile.

To put out $83,000 for 1 contract, that should have turned on a red light to you or you could afford it.

I can't believe a guide talked you into 1000 pts, sorry.

 

[esulerzy]

Won't Disney, if I am forced to sell it to make my mortgage payments?

If Disney buys the contract back then, yes, they will most likely break up the points. But you cannot, as a seller of the contract.

 

[dianeschlicht]

My post isn't contradictory at all. Imposing a limitation makes it less flexible; that's pretty much a rational conclusion. If you can't understand what people have said then I don't know any way to make it clearer for you.

Also, where did you get that "that policy(or one of similar wording) was written into every sales document" as a fact? That is simply not true. The only policy that I am under the impression has been in all POS is that transfers are limited to one direction in each use year, i.e., you can't transfer points in AND transfer points out of the same account in the same year. Even that may not be in all, but certainly no numerical limit to transfers is in "every sales document".

That's not what my POS said. and I still don't see why not allowing multiple transfers makes the system less flexible. I thought out my purchase pretty carefully before making it. I thought I knew the number of points I was likely to use in a given use year, and purchased that amount. It took me less than a year to realize I had miscalculated, so I added a second contract to get my total at the amount I could use most easily. I have been able to make every reservation I have wanted to with the points I have, and when I can't I use banking and borrowing as the flexibility of this point program allows. I have never had a need or desire to transfer someone elses points into my contract. If I was always feeling that need, I would likely buy another contract (or sell one if I had too many points).

 

[patsal]

Unless you are a person who is renting out points for the sole purpose of profit there is nothing to worry about here. I always wonder why peoplep get so bent out of shape when someone enforces the rules that are clearly spelled out in a contract. Kind of puzzles me like when you're in school and paying for it and the prof. says you can leave early--you should be complaining rather than cheering--you are not getting your $$'s worth! But I digress, the bottom line is that IMHO when owners rent out points and never use them themselves they really should not have purchased DVC. Disney and DVC will not let DVC owners devalue vacation costs--so if it is that widely known that DVC rentals will save you megabucks and if they are finding that renters are costing owners money--repairs, calls to MS (no longer a problem), abuse of the property then renting needs to be curbed. On my last stay I encountered many renters as I was talking at bus stops on the buses and at the pools, etc. The family of six in the studio next door were renters and the bags of trash hauled out by the CM's after their checkout was unbelievable! I'm sure it isn't everyone and hopefully what I saw was the exception, but if this is happening frequently I can see why limits are being enforced.

As for one big contract, to the OP, I'm sorry you were misinformed and when you consider that vacation ownership is a luxury not a necessity being mortgaged to the point of where it hurts is never a good thing. If you choose to sell, good luck the larger contracts seem to always take longer to sell and sell for a bit lower price.

 

[paults]

there's a contract on THE TIMESHARE STORES SITE above for 1000 pts at OKW. $80 pt = $80,000. I could be wrong but that's the same contract that's been up there for quite awhile.
Nobody wants to buy that big of a contract.

You might have to put it up for less per pt to get a buyer, weather it be Disney 's RTFR or a another individual.

 

[JimMIA]

Why are you making fun of me? I am not attacking you? I thought personal are not permitted on this board. I came looking for advice and you are mocking me. Why?

Not attacking, I'm just assuming you're joking.

 

[mel&me]

Won't Disney, if I am forced to sell it to make my mortgage payments?

If you sell it to an individual, it has to be sold in one contract like you purchased it. 1000 point contracts are hard to sell because people will buy multiple smaller contracts when they want large amounts of points. They can sell off just portions then if they ever need to do so. To sell a large contract you will have to probably list it for a lower amount. If Disney then does the ROFR, and buys it back they can do what ever they want.

 

[Inkmahm]

Unless you are a person who is renting out points for the sole purpose of profit there is nothing to worry about here. I always wonder why peoplep get so bent out of shape when someone enforces the rules that are clearly spelled out in a contract.

Not true. I'm "bent out of shape" because the rule is being changed from the paperwork I received from Disney. I agree with this post:

Also, where did you get that "that policy(or one of similar wording) was written into every sales document" as a fact? That is simply not true. The only policy that I am under the impression has been in all POS is that transfers are limited to one direction in each use year, i.e., you can't transfer points in AND transfer points out of the same account in the same year. Even that may not be in all, but certainly no numerical limit to transfers is in "every sales document".

I only ever planned on either having to transfer IN (if I was taking a lot of family members for a trip) or OUT (if I wanted to rent the points for some reason some year in the future rather than take a trip to Disney. Maybe I want to use my vacation time some year to go to Europe instead, for example.) I had no problem with that limitation of only IN or OUT in a given year. But that is NOT the same as only ONE transfer being allowed in either direction.

 

[JohnBJr]

Agreed. The whole idea of joining Disney is for personal use, family, maybe friends. Greed drives people to do strange things. Sales people have but one motivation and just because a guy named Hassan told me I could do it doesn't mean I would fork over $83 grand without some serious due diligence. In fact, especially if a guy named Hassan....

 

[tmt martins]

But Hassan must have known he was leaving because He said a lot of things and just really didn't seem to care to much about our purchase.

I know others have raved about him and maybe they recieved great service from him.

I just think he was saying anything and everything to get the sale before he left then you couldn't get a call back from him .

Now I read my contract and an VERY HAPPY with my purchase and how it can be used . But as I will need some points transfered in at a later date this will make it a bit more harder .Even just having someone set up ( rent ) us a room could be harder now.

 

[Angry Mickey]

Agreed. The whole idea of joining Disney is for personal use, family, maybe friends. Greed drives people to do strange things. Sales people have but one motivation and just because a guy named Hassan told me I could do it doesn't mean I would fork over $83 grand without some serious due diligence. In fact, especially if a guy named Hassan....

I called MS and they said that there was no problem renting or transferring. Hassan worked for Disney. I had no reason not to trust him. I looked on this board and saw many people renting. What more should I have done?

 

[shellybaxter]

3. I find it hard to believe Hassan (who it seems no longer works for Disney) would encourage you to buying 1000 points unless that is a number you had come up with and sincerely doubt he would recommend renting the points on Dis Boards.
.

I don't really know much about the rest of this thread, but I don't find it surprising that a DVC guide recommended renting specifically on the DIS boards. My guide did the very same thing when we purchased. We asked about being able to sell our points contract if are finances got tight and he recommended to us that we rent them on the DIS boards instead. So its not unheard of for a guide to recommend this resource

Shelly

PS - he also said that "we" have absolutely no problem with renting

 

[icydog]

What more should I have done?

You should have done the math- that would have helped. If you bought your points at $83 and with the cost of maintenance included there is no way you could make a profit at $10 a point. I see all the folks on the rent/trade boards with SSR for rent for $10 and I cringe. They are losing money for every point they rent. Their cost is greater than $10 from the get go.
I am glad however that member services said to go ahead and rent and transfer, but how about this lady in charge of affairs, or whatever she's in charge of, does she agree it is business as usual?
I for one am offended that Disney is all of a sudden taking this hard line. I have rented out excess points for years, not on ebay and not on planned holidays either, and I feel DVC is reaching into my pocketbook. I wonder if they will enforce this or if they are just showing their teeth for effect at this point.