how do you think GCV points will rent?

[jvincent16]

do you think an owner will be able to rent for more than the going price, $10-$12??
thanks

 

[DISNEY FIX]

Do you want to be the rentor or rentee?
If they were my points I would go no less than $15 pp, probably more.

 

[jvincent16]

i would want to be the rentor. i'm thinking about buying GCV but would probably rent the points to stay at marriotts NCV or MOC or anywhere else for that matter. seems like owning some points at GCV would give me the best of both worlds. btw, i live in AZ and currently own at SSR. of course this would only work out if i could get more than $10-12/point. i was also thinking the going rate for GCV shouldnt be less than $15.
thanks

 

[salmoneous]

do you think an owner will be able to rent for more than the going price, $10-$12??
thanks

Just speculation here... I think it will be harder to rent, but the rentals that take place will be for more than $12/point. GCV's are going to book up fast. Do that many DLR guests plan trips 10-11 months in advance?

I wouldn't be surprised to see speculators booking reservations at the 11-month mark and then putting them up for rent at high prices - significantly more such activity than at the WDW resorts. If that happens, I wonder if Disney will crack down.

The big unknown right now is the point chart. High points/night rates will limit rental prices.

EDIT: In addition to the difficulty of securing renters and Disney cracking down, I'd be worried about California and taxes. So far, Florida has shown no interest in going after timeshare owners for the sales and hotel taxes they owe when renting. California might not be so lax about it...

 

[CarolMN]

FWIW, I think planning to rent GCV is risky, but not because of any DVC "rental crack down". I think it is more due to DL visitors' ability to "substitute" other lodging for DVC villas if the price is "too high".

There are lots of "off-site" resorts near DL & CA (within walking distance). To me, the advantages of staying at a Disney Resort in California aren't as much of a factor as they are in WDW. Owners that rent will be competing against the off site resorts as well as with Disney. You may not easily be able to get more than $10-12 per point in those circumstances, since there are so many other choices. As much as I love DVC and the larger accommodations it offers, I'm not sure I'd pay much of a premium to stay in one if there are less expensive alternatives easily available.

JMHO. YMMV.

 

[bnlbebes]

FWIW, I think planning to rent GCV is risky, but not because of any DVC "rental crack down". I think it is more due to DL visitors' ability to "substitute" other lodging for DVC villas if the price is "too high".

There are lots of "off-site" resorts near DL & CA (within walking distance). To me, the advantages of staying at a Disney Resort in California aren't as much of a factor as they are in WDW. Owners that rent will be competing against the off site resorts as well as with Disney. You may not easily be able to get more than $10-12 per point in those circumstances, since there are so many other choices. As much as I love DVC and the larger accommodations it offers, I'm not sure I'd pay much of a premium to stay in one if there are less expensive alternatives easily available.

JMHO. YMMV.

I began a similar thread a couple of days ago...

Just curious - what local, less expensive accomodations would you consider up to par with the Disneyland Hotels - particularly GC?

btw - I love your recent pic of BWV, Carol!

 

[jvincent16]

sorry if i duplicated your thread bnlbebes.

i've stayed at a few off site resorts over the years and they were terrible. i think GC stays pretty booked especially during the summer months. we only travel during the summer so i am thinking of always booking approx. a 4-day summer trip and then renting it out if we decide we want to use the money to stay somewhere else (non-DVC). similar to what other non DVC timeshare owners do. they reserve a summer week and then rent it. i'm just trying to figure out if the numbers work out. if points at GCV are only goint to rent for the avg $10/pt then i dont think it'll work. heres an example of what i'm thinking:
.
Marriotts NCV avg summer week rental = $2200
$2200/15 ($/pt)= 146pts required to rent a full week
146pts at $100/pt = $14600 add on(remember, these are "rough" numbers)
i think the going rate for a platinum week at NCV is around 16K and like other high demand weeks, very hard to book a summer month even as an owner.
.
once again this would give me the flexibility of owning more DVC points which i would always use and allow me to stay at other non-dvc resorts without having to deal with trading. best of both worlds it seems like summer weeks at high demand non-dvc resorts are always available for rent.

 

[salmoneous]

Marriotts NCV avg summer week rental = $2200
$2200/15 ($/pt)= 146pts required to rent a full week
146pts at $100/pt = $14600 add on(remember, these are "rough" numbers)
i think the going rate for a platinum week at NCV is around 16K and like other high demand weeks, very hard to book a summer month even as an owner.

Just my thoughts here, but using your numbers above, I wouldn't take the Disney option. You aren't factoring in the maintenance fees, which I understand are a lot lower at Marriott. Between the higher maintenance fees, plus all the hassle of renting, it just isn't worth the buy-in savings.

It might work better the other way - buying into Marriott and renting out your week and renting into DVC when you want to stay there.

 

[jvincent16]

MF's at NCV are approx 750/yr and at MOC approx 1160/yr. i believe disneys would be alot cheaper than that. your also assuming renting would be a hassle. i'm guessing it would be very easy to rent a summer stay at GCV but i have been wrong before

it just seems to make sense to me since we're already DVC owners and could always use more points. if we bought into marriott (which is what we're looking at) we would only consider MOC or NCV. NCV is very very difficult to rent a summer week, from what i've read. MOC MF's are high and its possible that we wouldnt be able to go every year.

thanks,
btw this is just an idea i've been tossing around. its good to hear your opinions.

 

[JudyS]

...
Marriotts NCV avg summer week rental = $2200
$2200/15 ($/pt)= 146pts required to rent a full week
146pts at $100/pt = $14600 add on(remember, these are "rough" numbers)
i think the going rate for a platinum week at NCV is around 16K and like other high demand weeks, very hard to book a summer month even as an owner.
.
once again this would give me the flexibility of owning more DVC points which i would always use and allow me to stay at other non-dvc resorts without having to deal with trading. best of both worlds it seems like summer weeks at high demand non-dvc resorts are always available for rent.

Marriott's Newport Coast Villas is a great resort and renting there seems like a reasonable strategy. I'm not sure why you'd buy DVC points to do that, though. It seems safer to just put the money you'd use for DVC into a bank account or stock market fund, then use the money & interest for the rentals.

The problem for Marriott owners trying to book Newport Coast Villas for the summer is that Marriott considers the entire second half of the year to be "Platinum" season even though only 2 or 3 months are truly high season. So, there are too many owners chasing too few summer weeks. I suspect that since multiple Marriott week owners get first dibs, that's who gets most of the summer weeks.

By the way, Memorial Day week isn't considered high season at Newport Coast. I've traded in there through II with inexpensive weeks.