New to DVC with questions about renting

tinkercat

Mouseketeer
Joined
May 12, 2007
Messages
495
We recently bought into the DVC are thinking about renting some points out.

Can anyone here give me some info on the renting process and how it works as the points owner? I want to make sure I have all my ducks in a row before I post the points as available for rent.

I looked at the sample contracts posted here on the DIS, but any other info would be so helpful!

Thanks in advance!
 
Would love some info as well. We've been thinking about buying points vs resale but I like to have all my research done before making a final decision. Getting more info about renting points is definitely on my list of things to know! It seems pretty complicated for a new DVC owner to get the hang of. :confused:
 
You may want to visit our DVC Rent/Trade Board where there are sticky posts on top with lots of renting details.

Posts here were edited as details may only be posted on the Rent/Trade board. Thanks!
 
I've read the stickies but it doesn't seem that there is a place to ask questions on the rent/trade board, which is why I posted here. I'm sorry if I included info that I shouldn't have. I'm really just looking for personal experiences or things that perhaps were not in the stickies that would be helpful to a first timer.

Honestly, even some of the stickies are confusing to a newbie.

Plus, the first stickie on the R/T board says
"Questions about how the rental process works should be asked on one of our other DVC boards (DVC-Operations, DVC-Planning, DVC-Mousecellaneous). This also applies to questions about room rates, point values, room locations, rental rates, etc. These sorts of posts are not appropriate for this board and will be removed."

I guess I'm looking for info on how it works as the point owner...how does it all progress?
If I post on the r/T board and find a renter, then how do I proceed?
Do I send them a contract first? Do I wait for the deposit, then call MS for the ressie, or vice versa?
Basic stuff like that...
 

I've read the stickies but it doesn't seem that there is a place to ask questions on the rent/trade board, which is why I posted here. I'm sorry if I included info that I shouldn't have. I'm really just looking for personal experiences or things that perhaps were not in the stickies that would be helpful to a first timer.

Honestly, even some of the stickies are confusing to a newbie.

You will find many threads on the topic of renting on our Operations board as well here. It is a widely discussed topic here on the DIS and questions are always allowed!

We cannot allow, however, details such as number of points, resort, use year, dates etc on the open boards as that information clearly is only allowed on the Rent/Trade board. Hope this helps explain for you!
 
Plus, the first stickie on the R/T board says
"Questions about how the rental process works should be asked on one of our other DVC boards (DVC-Operations, DVC-Planning, DVC-Mousecellaneous). This also applies to questions about room rates, point values, room locations, rental rates, etc. These sorts of posts are not appropriate for this board and will be removed."

I guess I'm looking for info on how it works as the point owner...how does it all progress?
If I post on the r/T board and find a renter, then how do I proceed?
Do I send them a contract first? Do I wait for the deposit, then call MS for the ressie, or vice versa?
Basic stuff like that...

In that same first sticky post on the DVC Rent/Trade Board you will find under the section entitled "A Word to the Wise" three links to threads here on the DIS that will answer many of your basic questions above. Be sure to read those before embarking on renting out resevations. They include invaluable information!

You will also want to check out this LINK as well!
 
This isn't meant to be cheeky, but it seems like most of the information is geared towards renters or how to avoid a purposely fraudulent renter. It kinda feels like trying to find out what the secret handshake is in an exclusive club - you just kind of end up feeling left out at nobody's fault. I'll go through those specific threads you mentioned - thank you. :hippie:
 
Maybe you newer members can answer my question for me. I see this often where a new member buys into DVC and immediately are not planning on using the points they bought and want to rent them out? I must not be thinking correctly, but why do people give so much money to DVC to buy into it and then not use the points the first year?
 
This isn't meant to be cheeky, but it seems like most of the information is geared towards renters or how to avoid a purposely fraudulent renter. It kinda feels like trying to find out what the secret handshake is in an exclusive club - you just kind of end up feeling left out at nobody's fault. I'll go through those specific threads you mentioned - thank you. :hippie:

Also, you may not want to count on renting out points as a condition of you purchasing into DVC. With the economy the way it is, you may find it is not as easy to rent them out as one may think...
 
I see this often where a new member buys into DVC and immediately are not planning on using the points they bought and want to rent them out?
Developers points?
 
I can't speak for anyone else, but the developer points are the ones we would like to rent. While we plan to be back and use the points we bought when we get them, we can also bank and wait to use those if needed. Developer points cannot be banked and must be used by the set expiration date.

I'd much rather rent them if I can, rather than just not using them.

And Chereya - I agree with your sentiments. I've read the info and FYI threads on the R/T board as well, but was just really hoping for some thoughts/advice from people who've done it. I'm glad to know that I'm not the only one feeling left out of the loop.
 
One word of caution to those who are new DVC owners planing to rent points or reservations out. Be sure YOU understand the whole booking, banking, borrowing system before you embark on a rental process. It could save you a lot of headaches later on. The DVC system is not an easy one to navigate for newbies, and trying to immediately rent when you are not yet experienced with booking yourself can be doublely confusing.
 
okay make sure upfront that for WDW you mention that it must be only SSR.

that is the only DVC resort at WDW that the developer points are good for at this time.

be sure and give your home, work and cell phone so the person can get you if some problem.

so give them your email (all if you have more than one)

have rented lots of time. only had a problem once with a Dec - since it was Dec rerenting it was not a big problem. they only told me in Nov - so now made a point of saying if you cancel in the last 30 days you will lose money.
 
forgot to answer your questions - make the reservations then send the reservation confirmation with the contract to their address.

they send the contract back to me signed with half payment - want the last payment 90 days before they leave.

so far no problems.

you are in control. you can cancel their reservations if you don't get the finally payment. they can do nothing to you besides not paying. If that happens - just cancel the reservation.
 
One word of caution to those who are new DVC owners planing to rent points or reservations out. Be sure YOU understand the whole booking, banking, borrowing system before you embark on a rental process. It could save you a lot of headaches later on. The DVC system is not an easy one to navigate for newbies, and trying to immediately rent when you are not yet experienced with booking yourself can be doublely confusing.

This is exactly what I am trying to accomplish --before-- making the commitment to buy. I am really hesitant to get into my personal views about DVC because I'm starting to feel some claws under the fur and I know point rental is sometimes a hot issue. I have seen the undercurrents in other threads between an Us vs Them, old timer DVC owners vs new owners, renters vs non-renters, etc. I hate to air my personal thoughts and get a new "opinion" ripped. ;)

Those of you who are able to own DVC and use all points exclusively for your personal family and friends - that's so wonderful. What a life full of hard work, belssings, loving family and well deserved vacations you must have. I am one of the Disney lovers who married a non-Disney, non-vacation DH. Every vacation I discuss is a hurdle. In the almost 5 years we have been married, we have been on our Honeymoon to WDW and last month, a DLR with our 3 and 5 yo boys. I would love to be able to lay out the facts as to why DVC would work for us. I am still in the research process. It may be that DVC is not the right decision after all. Part of what I'd need to discuss with my DH, is the possibility of being able to rent due to various circumstances. However, I don't want to be all stars and roses about it. I know it is hard work and requires a lot of attention to detail, good personal skills and perserverance.

If we were to buy in the near future when DPs were offered, we may or may not be able to go within the expiration time frame. If we couldn't, and I needed to rent them out, I would much rather have researched it thoroughly before hand rather than A - see them go to waste or B - run around like a chicken w/o its head trying to figure out what to do and how to do it.

I do agree, that in an ideal situation, we would have owned DVC for a while and used it multiple times for our own vacations and know first hand how the system all works before renting points and making arrangements for someone else.

And to Deb & Bill - Thank you for asking an honest question. What's ironic is that is the same question I ask myself when I see stripped accounts for resale - who pays money to buy a stripped account that you can't use for 1-2 years? :confused3 :laughing:

*fistbump tinkercat* :hippie:
 
Spiceycat - Thanks so much for the replies! I really appreciate hearing from someone who has done it successfully!

Thanks also to the poster who recommended making sure that I understand the process of booking, etc. as an owner before embarking on the process. That is sort of why I started the thread so I'd love any hints or tips you might have about navigating that process.
 
okay make sure upfront that for WDW you mention that...

I have to second the suggestions made by spiceycat re: including all of the appropriate information in your post to give your potential rentee the info they need to decide if they will contact you. I'm not a long-time DISer but I have been reading the boards for a while and recently bought a small contract to start off with (guilty of buying a stripped contract by-the-way ;) - my excuse is that I wanted to pay cash and it was available and the price was right). So I have been actively looking for a points transfer and read the Rent/Trade board religiously. Sometimes I read posts from newbies who are trying to rent their points and the post goes something like, "110 points for rent." And I think well, what resort? What's the use year? When do the points expire? Personally, I ignore these types of posts because why should I waste my time trying to coax you into revealing just what you're selling? These renters may still get takers, but I think you will widen your pool by providing all of your information upfront.

Other than that, the suggestions about having a contract with your rentee and what your terms will be (timing of payment, etc.) is something perhaps others can give you additional hints on. Another thing to look out for is knowing when your points can be banked (non-issue for developer points) and the dates you can book your home resort vs other resorts.

Lastly, while it may be more difficult to rent points during the current economy, it seems that deals are still being struck from what I'm seeing (you can peruse the rent trade board and see who has lowered their points available or closed their post saying "all points rented"). Whether you will be successful or not, I think the key is to post them for sale sooner rather than later. In renting points it stands to reason that more time to book equals more vacancy (then again, it seems like plenty of rentees are looking to make last minute reservations so go figure).

Anyway, good luck in your process. I'm no expert so if there are any flaws in my logic I'm sure someone will correct me. But kudos for you for doing your homework! :)

Terri
 
... I am one of the Disney lovers who married a non-Disney, non-vacation DH. Every vacation I discuss is a hurdle. In the almost 5 years we have been married, we have been on our Honeymoon to WDW and last month, a DLR with our 3 and 5 yo boys. I would love to be able to lay out the facts as to why DVC would work for us. ...

If your husband isn't gung ho at this point, there is nothing to guarantee that he will be in the future. When we bought our DVC points, both of us had decided that we wanted to go to WDW every year. Up to that point we had taken occasional vacation, nice ones, but not yearly. Once we bought our DVC points we were planning our trips for several years in advance to WDW.

I think just getting your husband in a regular vacation mood would be the first hurdle. DVC isn't the best for trading out to other locations. Just read all the fuss about changing from International Interval to RCI on another thread. While Disney tries to push trading out, I don't think they really want members to trade out. And they really don't want us to use our points at non-DVC Disney resorts either. Otherwise they wouldn't require the $95 fee just to book it; they would negotiate prices better or be a little more timely with that negotiation. Even the DCL (we used points many years ago for this) goes up every year.

Once you get him into the mood of taking regular vacations, then you could try to add the Disney factor in.

But, unless you really would be content taking only DVC vacations, I'd suggest not buying DVC points at this time.
 
If your husband isn't gung ho at this point, there is nothing to guarantee that he will be in the future. When we bought our DVC points, both of us had decided that we wanted to go to WDW every year. Up to that point we had taken occasional vacation, nice ones, but not yearly. Once we bought our DVC points we were planning our trips for several years in advance to WDW.

I think just getting your husband in a regular vacation mood would be the first hurdle. DVC isn't the best for trading out to other locations. Just read all the fuss about changing from International Interval to RCI on another thread. While Disney tries to push trading out, I don't think they really want members to trade out. And they really don't want us to use our points at non-DVC Disney resorts either. Otherwise they wouldn't require the $95 fee just to book it; they would negotiate prices better or be a little more timely with that negotiation. Even the DCL (we used points many years ago for this) goes up every year.

Once you get him into the mood of taking regular vacations, then you could try to add the Disney factor in.

But, unless you really would be content taking only DVC vacations, I'd suggest not buying DVC points at this time.

Thanks for your thoughts Deb & Bill. I usually prefer to refrain from posting details about my personal life because that invites people to judge which necessitates having to post more details so people don't judge you wrongly, etc etc... right? It happens all over the DIS! :laughing:

My DH is "special". :laughing: :love: He has vacation issues from his childhood. I don't fully understand what his inner emotions are and how his past emotions relate and trigger feelings about vacations for our own nuclear family. He opens up occassionally when he's in the right frame of mind and the business of life doesn't get in the way. It's not like he has a phobia about vacations and can be slowly introduced into seeing that they're OK, eventually reaching some imagined goal. :confused3 That kind of technique might work on kids or dogs but not for DH. It has been a small victory that he is entertaining the idea of potentially buying DVC.

I'm not saying even that I'm trying to brainwash him into going along with a purchase. You're right, there's nothing that says he will be gung-ho in the future. Which is why I'm gathering info about renting. He will feel less pressure to have to go every year, every other year or every third year if he knows that the points wouldn't be wasted money and we could make back some of the maintenance fees.

As for the idea that you brought up of using DVC points elsewhere. I'm already on board with the Fact that it's a poor use of points. So in my pre-research thinking, if we were not able to use points for our own vacation within 3 years, or had excess points, we would rent them out.

For myself, there are very few vacations that I want to do besides Disney. :thumbsup2 I'd feel like I was wasting precious Disney time by going elsewhere just for the sake of trying to get him to like vacations more. I grew up in Hawaii so when we go there for visits, it's not so much a vacation as it is spending time with my family. In between those times when we have to spend vacation money going to Hawaii, I really, really would rather go back to Disney. Our kids are so young, we haven't established what our family vacation pattern is yet.

Anyway, thanks for your comments. As you see, I wrote out a lot of my inner thoughts and it's helping me gain clarity about my situation. So much for not putting my personal business on the DIS! :lmao:

Also, thanks very much, spiceycat for posting! This is the kind of hands on information that really helps!
 
OP, I'm glad you asked this question. I am in the same postion. We take one Disney trip each year and have been for over 20 YEARS!!! I wish we would've bought in earlier.

That said, we want to use our points this year ('09) for BLT in Nov or Dec. We can't take another trip this year and would lose our DPs if we don't rent them out or give them away.

My question is in talking with my guide yesterday, she mentioned something to me about possibly not being able to cancel your reservation with DPs. Can anyone confirm this or add to that? The reason I ask is if I get the reservation first and then the renter doesn't send the money, am I on the losing end? Can you hold the reservation for a few days? Any suggestions would be very much appreciated!!!
 

















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