Hassan Told Me I can Rent my points!

[JimMIA]

I am not a member yet but I would like to be in the near future, and being able to renting my points is a big incentive to buy. It seems like many on this board are way to concerned with what someone else does with or without their points.

I personally don't care whether someone rents or not.

I DO think the ability to "morph" points and tie up weeks during peak times should be stopped (which they have NOT done).

I agree that our dues should not be used to underwrite the expenses of those who rent, so I think the MS call change is a good one.

However, I also think seriously considering the ability to rent points as a factor in making a buying decision is a fool's bet. That ability can go away, or be radically diminished, at any moment with little or no warning.

My advice for the prospective buyer is to look at what DVC ownership does for your family in terms of using DVC resort accommodations only. Disregard all of the other "perks," because as you research them, you are going to find that very few of them are what they are cracked up to be, and they can and will be changed as Disney sees fit.

 

[Dean]

Renting your points should not be an incentive. Disney could make it more difficult than ever should they decide to. Purchase DVC as a means to take family vacations, not as a money making operation. On page X of the POS (dated 7/2001) it says

That quotes is in the POS because FL law says it has to be. It is in FL because in the past, timeshares sold touting the rental and appreciation income which never materialized. It is a protection for DVC, not a direction of what one can or cannot do.

From FL statues 721:

he following statement in conspicuous type in substantially the following form: The purchase of a timeshare interest should be based upon its value as a vacation experience or for spending leisure time, and not considered for purposes of acquiring an appreciating investment or with an expectation that the timeshare interest may be resold.

and

A managing entity shall have breached its fiduciary duty described in subsection (2) in the event it enforces the denial of use pursuant to paragraph (b) against any one purchaser or group of purchasers without similarly enforcing it against all purchasers, including all developers and owners of the underlying fee or underlying personal property; however, a managing entity shall not be required to solicit rentals pursuant to paragraph (f) for every delinquent purchaser.

Which says to me that DVC cannot prevent use of rentals for any reason as long as they themselves are doing the same.

 

[Deb & Bill]

I know that DVC allows rentals. We all know that.

I was just informing irishbacker92 of just one reason why he shouldn't consider renting as an incentive to purchase.

 

[Dean]

I know that DVC allows rentals. We all know that.

I was just informing irishbacker92 of just one reason why he shouldn't consider renting as an incentive to purchase.

You gave him the wrong reason. It's not because the POS says he can't be because it might not be financially viable.

 

[JimMIA]

I think we've all beaten these horses to death.

Hey! Did you guys see the pictures of the new Contemporary DVC???

 

[Angry Mickey]

Hi Web Doc and everyone who gave me good advice, thank you. As this is not a commercial venture, I will continue to use what we are planning to use and rent out the rest. I will not be afraid of Disney canceling my reservations, as I am being reassured that this is not what they are referring to.

I looked over my deed, and must apologize to Hassan, as he did issue me multiple deeds, so I can sell some of the points without selling all of the points. He did seem to try to represent my best interest, and I wish him well at Marriott.

As far the other cynical individuals who responded, I trusted my sales rep and the agents at member services who said I can rent my points. Not everyone can be as cynical as you. I am happy that the resale prices seem to be higher than the $83/point I paid. I am glad that I got the '05 points for free and am relieved to know that I can sell part of my points without selling the whole thing. Get a life and don't spend your time insulting others.

I do think the changes that Disney made will hurt the current owners and decrease the amount of people buying add on contracts, as they are making it more difficult for people to confirm rentals, and are limiting transfers. It does not make sense that they will let someone with 150 points make 1 transfer and someone with 1000 points to also only make 1 transfer.

 

[kimberh]

Angry Mickey,
I hope now you can change your name. I for one am so glad that you have more than one deed.

Kim

 

[rinkwide]

How about Bipolar Mickey?

 

[ilovepooh]

How about Bipolar Mickey?

You are too much!

 

[DVC Grammy]

How about Bipolar Mickey?

Thanks for the wake-up smile
I'm fairly new to these boards, but I have noticed that you generally can be counted on to lighten things up when some of these "discussions" become too heavy/personal . So thank you, Falstaff!

 

[paults]

irishbacker92

I am failing to see why you would be upset with renters. I might be wrong but it seems to me that points are points wether they are used by the owner or a renter-calls need to be made to disney by someone to make arrangements. The member who rented their points paid just as much in annual dues/point as you did so I can't see where you think that they are getting disney to do more work than disney would have done had the resevation been made for the member.

I'm not upset with renters. I don't care who rents their pts. What I don't like is the rentor who doesn't want to make the calls to MS everytime the renter wants to call, they say its to much extra work for them . We as owners know how DVC works. MS ask us a question and we should know the answer. If renter calls MS these calls take longer beacuse the renter doesn't know the process we go through.

Yes pts are pts but we as owners paid a lot of money to use MS and I for one think renters should not be allow to talk to MS, renters need to talk to the person the rented from.

 

[Ms.Mouse]

I think we've all beaten these horses to death.

Hey! Did you guys see the pictures of the new Contemporary DVC???

Are you telling us the truth??? Where did you see a picture of the Contemporary DVC????

 

[Ms.Mouse]

How about Bipolar Mickey?

You've got me going again....

 

[Ms.Mouse]

As far the other cynical individuals who responded, I trusted my sales rep and the agents at member services who said I can rent my points. Not everyone can be as cynical as you. I am happy that the resale prices seem to be higher than the $83/point I paid. I am glad that I got the '05 points for free and am relieved to know that I can sell part of my points without selling the whole thing. Get a life and don't spend your time insulting others.
I do think the changes that Disney made will hurt the current owners and decrease the amount of people buying add on contracts, as they are making it more difficult for people to confirm rentals, and are limiting transfers. It does not make sense that they will let someone with 150 points make 1 transfer and someone with 1000 points to also only make 1 transfer.

I don't think people were cynical... They were just truthful... Who would spend $80,000++ on 1000 pts just trusting what a SALES REP had to say??? That's totally unbelievable and that's why some probably doubted the origional post from the start. I think saying you could have read your contract and some of the other posts were actually great advice/opinion...In fact, I still can't believe someone could buy 100 pts, pay $80,000++ for the pts. and not realize they have more than 1 contract!!!!!! All I can say is... UNBELIVEABLE!!!! And I'm one of the most gullible people on this earth!!!!!
Actually, IF you read your paperwork from the start, the origional post and the feeling you were being attacked by the others wouldn't have even happened... after all of this...... Hassan was ok from start to end... RIGHT???
I don't think it will hurt current owners OR decrease the add-on contracts. Most of us don't have the funds to just purchase 1000 pts. Many are just like me... Buy 180, realize I need AND want more points; be sure we have the income to pay for it AND then ADD-ON....and then add-on again... etc. In fact, I'm trying to pay more off so I can add-on again when the new DVC comes to pass and I'm sure a good few of us who already have pts. will buy at that DVC AND may even add-on at that one too....

 

[JimMIA]

Are you telling us the truth??? Where did you see a picture of the Contemporary DVC????

Of course, Ms Mouse! Have I ever lied to you? That you can prove in a court of law? Beyond and to the exclusion of every reasonable doubt? If the glove don't fit, you must acquit!

Wait a minute...lost it in the lights there for a second...YES, I'm serious. DIS Master Detective Tink10 found this little beauty for us... http://www.disboards.com/showthread.php?t=1187616&page=1&pp=15

 

[dvc at last !]

Angry Mickey ,

Is this a joke ?

 

[Ms.Mouse]

Thanks sooo much for that pic of the "new DVC"... Makes me want to start saving up!!!!

 

[2Princes2Princesses]

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?

My cousin works for Disney. She says to send all your points my way.

 

[drakethib]

I don't understand what is going on. When I toured Disney, Hassan my Disney Rep told me to buy a 1000 point contract at Saratogo Springs and I can rent my points for $10/ point on the Dis Boards. I am now paying off $83,000 and am being told that I am not supposed to rent. What am I supposed to do?

I smell a troll.

I do have this ocean front property in Arizona that I am trying to sell.

You seem just likie the right candidate.

 

[minnie61650]

Why is it a good thing that guests can't call and confirm or Dining or Magical express? Is it really that much time that they are spending to do it? It takes me the same to add this on as the guest. How is this saving member services any time?

As for only one transfer in or out....this ends a lot of flexibility and makes me wonder if I should buy the add on that I was considering from Disney. If I buy the same use year...then they lump it together and the one transfer in counts or out counts for both contracts. Shouldn't two contracts qualify for two transfers instead of one? Right now it counts as one. I was going to buy the same use year and to add flexibility I would need to buy a different use year, but then that would create problems when making reservations.

Has anyone else thought about this? Did I explain this well? Does anyone know what I mean?

Sorry, I don't know what you mean.