Have current owners been successful renting...

[88golf88]

We are looking at buying into one of the time shares and we were wondering if the current owners of a DVC property are having success renting points if needed?
We absolutely plan on using the points we have every year (kind of convinced we wont be able to buy enough), but if something happens where we cant use/bank enough points, we would have to rent them or lose them. So, those who are experience, we would truly enjoy and appreciate some feed back.

 

[jel0511]

I rented once it was easy. I did find it nervewracking hoping the renters wouldn't back out. In the end all went smoothly, I don't think I'll rent again though, if I just couldn't use my points, I'll just bank them into the next year.

 

[Cmbar]

Well we have been renters on both sides. Before we bought DVC we rented a few times. I have now come to trust the people we rented from and often go back to them. Now that we are owners we don't usually want to rent points out because we USE them all up! But this Oct we are going on the Disney cruise and it made financial sense to rent out our points for 2011 to cover some of the cost. We found it to be very easy. There are some trust issues, but it really hasn't been difficult. Good luck deciding. I can tell you that with DVC you will most likely end up not having to rent if you don't purchase more points than you think you will need, but it is a definite option if you get in a bind. Good luck!

 

[Daddio]

Rentals have been brisk over the past 12 months.

David

 

[Deb & Bill]

Rentals have been brisk over the past 12 months.

David

But there have been a lot of points floating around out there.

Don't plan on buying a DVC membership and renting out your points. It's not as easy as you think it might be.

 

[nottingham]

We have done both. We have rented off an owner before we bought DVC and had no problems at all. Since buying points we have rented a few points out and have had the same experience. There is an element of trust but 99% of people on the boards are trustworthy I would say.

 

[BillM]

I have rented poinits about 4 times over a three year period. I have not had any trouble with the people I have dealt. You do need to read the STICKY on the Rent-Trade board. You need to have a written contract and keep control of the points at all times making sure the payments are in a timely manner.

 

[5forDiz]

But there have been a lot of points floating around out there.

Don't plan on buying a DVC membership and renting out your points. It's not as easy as you think it might be.

ita with you on this Deb. And too, DVC can flag the account if they're not liking amount of renting a member is doing.

 

[88golf88]

That helps a ton. As I said, I dont think that I will be able to afford the points I want, so I highly doubt that we will be renting them out, but you never know...

 

[shonnons]

I just bought into DVC at AKV and rent / transferred over 500pts to offset the cost. It took me less then 24 hours and I had probably a dozen other people that wanted points.

 

[Daddio]

But there have been a lot of points floating around out there.

Don't plan on buying a DVC membership and renting out your points. It's not as easy as you think it might be.

Ii agree.

David

 

[Dean]

But there have been a lot of points floating around out there.

Don't plan on buying a DVC membership and renting out your points. It's not as easy as you think it might be.

Nor is it as difficult or risky as some believe either. Buying to rent is not a reasonable option IMO as one could likely make no more than around 6-10% after dues assuming no mishaps, lost points, closing and up front costs among other things. Even at a 10% return, it's far too high risk a venture to justify the risk. OTOH, there are situations where buying with the intent of renting temporarily or on a small scale might be very reasonable. Here are a few examples that come to mind.

• Maybe one needs less points now but know they will need more in the future or for certain years such as family trips every few years or when kids are young but you know they'll grow up.
• Maybe one wants to own multiple home resorts and the risks and aggravations are deemed worth it to the individual.
• Or possibly they buy a larger contract to get a better deal so they also have additional savings on their needed points to offset the cost/risk on the extra they plan to rent out.
• Or possibly you buy a loaded contract but don't need the initial extra points and go in intending to rent the first year or 2 worth of points.
• Lastly, someone who plans to go to WDW periodically but not enough to justify owning a contract otherwise like every 3-4 years.

Of course there are many situations that encompass multiple of these reasons combined. Actually my non DVC timeshares are structured along many of these lines, esp my HI and HH ownerships. I currently own 5 summer HH Marriott weeks and generally go about EOY and rent out off years. Ultimately I've structured my timeshare portfolio with partial and full retirement in mind and have no plans to rent out once I have the time and finances to use them all myself.

 

[JLitfin]

I rented out some of our points in order to go on our first cruise. We decided that we would not make it to WDW this year so we rented our points to help with the cost of the cruise. It was a very good experience and had no problems with my renters or the transaction.

I've only had one problem with a renter when she left me hanging and backed out of the contract. I was very upset since I had borrowed some points to make her reservation work. Since it was still about 9 months before her reservation, I had no problem finding another renter to cover the borrowed points. So what an earlier post stated you need the trust between both parties in order to make it work.

The next couple of year's points is going to be used by my family, so no renting for us in the near future.

 

[Dean]

I rented out some of our points in order to go on our first cruise. We decided that we would not make it to WDW this year so we rented our points to help with the cost of the cruise. It was a very good experience and had no problems with my renters or the transaction.

I've only had one problem with a renter when she left me hanging and backed out of the contract. I was very upset since I had borrowed some points to make her reservation work. Since it was still about 9 months before her reservation, I had no problem finding another renter to cover the borrowed points. So what an earlier post stated you need the trust between both parties in order to make it work.

The next couple of year's points is going to be used by my family, so no renting for us in the near future.

The best ways to protect yourself are to deal with current UY points in the first 8 months of the UY and to have an appropriate policy on deposits and final payments that protect the member.

 

[jekjones1558]

We NEVER thought we would be renting out points but life happens and we were not able to use all of our points. While I certainly would prefer not to rent out points, I have had wonderful experiences with those who have rented from us (there are some really great DISers out there!) and have not had trouble finding customers. The new DIS renting rules will make the process slightly less convenient from my perspective, but I do understand why the rule change was necessary.

 

[kimberh]

You can always transfer too. One transaction and your done.

 

[Deb & Bill]

You can always transfer too. One transaction and your done.

As long as you haven't used your once a year transfer in or out already for that year.

 

[Dancind]

We usually use all of our points, but our daughter started college this year, and we are scarcely able to afford one trip per year. We hope that changes in a few years (and a better economy), so are trying to hold onto all of our points.

I'm having a heck of a time renting my OKW points, even at the going rate. Which hasn't changed in 10 years even though dues keep going up. I could rent my BCV points all day long, though.

Problem is everyone that is looking for points posts on numerous threads at the same time, so you wind up calling to check availability for people that may already have a reservation in the works. Or people that post to your thread get PM'd by someone else offering a lower price.

Anyway, not that easy unless your points are at an in demand resort. Maybe BLT? Don't know, but we may be selling the OKW contract. This is just too much stress!