Points to pay Maint.?

[kmcgehee]

has anyone done any homework on the feasibility of having extra points just to pay for maint.? i realize there is a breaking point - but how does the initial investment fit into the picture?

 

[Richyams]

Huh?

Do you mean to buy an extra 100 points to rent every year to pay the dues?

Since dues are $3-4 and points rent for $8-10, you would need to buy half again as many points and deal with renting and take the risk of renters doing you wrong.

No, we didn't do that.....

 

[drusba]

Though I am not sure, I think you are asking whether buying extra points that you will not use yourself so you can rent them to cover annual dues is a feasible option. There are some who are actually doing that and make enough to cover the dues plus a little more (and thus cover some of the payment for the initial investment). For example, dues annually run between $3.20 and $4.20 a point depending on resort and many rentals have been at the $10 a point level. Nevertheless I would not recommend it unless you actually plan to spend the time and take the risk involved in renting. You have to find renters (possibly on the rent/trade board), you need to have contracts, you have to put up with renters calling you constantly to make changes or ask questions, and you have the risks of non-payment (like a check that does not clear) and of cancellation. In other words, it is a feasible option but it is not a risk-free, work-free option.

 

[RobDoc]

If you mean paying for your maintenance fees with points, that can't happen because DVC is set up (and registered/restricted) to allow points only to be used for accommodations. Points can't be used for meals, tickets, tours, etc. unless they are included with accommodations- like on a cruise or Adventurers Collection program.

If you mean buying extra points to rent out to pay for maintenance fees, I guess it could work, but sure seems to be a lot of extra hassle. I'd sure rather use my points for resort stays.

Good Luck!

 

[Dancind]

If we did this, we would wind up using those points too. We are now in the hole by 100 points for 2003, and we have 400 points! Diana

 

[crisi]

There is also the risk that your points won't be rentable at the $10 amount (or the break even point, whatever that may be in the future). Disney has been giving some great discounts on hotels - even at the DVC resorts. And attendence has been dropping. Renting points is only an option if you can find a renter willing to pay what you need to get. With the current economy, that is more of a risk currently than it has been in the past....particularly if you need to rent those points to make DVC ownership financially feasible.