If renting out points, what is "normal"?

[alexcturner]

Good morning. Can someone give guidance if I want to rent my points. Deposit, final payment etc? Thanks in advance for your help.
Lisa T

 

[spiceycat]

everyone is different - go with what you can do.

I take any type of payment. I like the first half after they have received the DVC confirmation letter. the other half I recieve 90 days before. (if possible - sometimes I have to rerent - then I will work with the person).

some people only take certified or cashier checks - other only take paypal -

others want the entire amount upfront.

do what is right for you.

 

[DVCforMe]

Hi Lisa,
I agree with Pat. Set it up so you are comfortable. I ask for 25% deposit after I send the confirmation papers to the tenants. The balance is due 60 days prior to check-in. I provide a contract but offer my tenants the opportunity to "fine-tune" it so that they too can be as comfortable as possible with the transaction. They can pay by personal check - if it bounces it would be the same as a non-payment. If the tenant would prefer paypal they are responsible for the 2.9% fee. I may be odd, but, so far I have really enjoyed renting points out. It's fun sharing the excitement of planning vacations that are something really special.
Charlotte