problems with renting your points out?

[Sister Scoop Disney]

we are thinking of renting our (soon-to-be) points out, and then pay cash for a cruise. i'm a little nervous about this, i guess since we'll be new dvc members. have any of you had any problems with not receiving the money from the rentee? when do you usually get the $ from the rentee? we'd like to get it earlier rather than later to offset the cost of the cruise. thanks!

 

[Happy Birthday Cat]

I have rented on three different occasions and each time it went extremely well. Once for a crusie and twice to pay for an add-on. In each case I set up the payment schedule and gave a slight break in the price for those who were interested in paying 100% up front. I also searched the posts from each of the people I rented from to get to know them a little better. It's amazing how much you can learn about someone from their past posts on this board. We did everything by e-mail including setting up the "contracts" that we each abided by. The one thing about renting is that if you don't get the money, you simply can cancel the reservation. You are no worse off than before you rented unless you used borrowed points, which I would advise against.

IMHO the rentee is taking more of a risk than the renter because they are sending money to a complete stranger who still has control over the points.

Good luck.

HBC

 

[Sister Scoop Disney]

when you say contract...how formal is this? if it's formal, do you have an example?

 

[Happy Birthday Cat]

Some people want a formal contract. It is strongly suggested that you do some type of a contract. I don't have an example because it's been a couple of years and at least one computer ago since I rented but I'm sure someone will be able to help you with that. Have you read Doc's FAQ on the rent/trade board? They are invaluable.

HBC

 

[Sister Scoop Disney]

i just did--thanks for the info and suggestion!!