Rental Rates/Concerns

[CarolMN]

Originally posted by JudyS
To the folks that have rented out at $11 or $12 a point -- has anyone given you a hard time about the price? I don't mean just asking if you will rent for less, but criticizing you personally?

I'm buying a BWV resale and would like to rent out some of my initial points to help cover some of the purchase price. But, I'm worried that people will get mad at me if I ask more than $10 a point! ...(snip).....

Judy - Unless you are renting to friends or family, please do not accept criticism about the price. The points are yours and you have every right to charge whatever you choose.

My advice is to just tell people the price is firm and that you understand if they want to "shop around" for something better. Don't waste your time (or sympathy) on anyone who wants to give you a bad time!

FWIW, I agree with you - reservations made 11 months ahead of time for special views or for one of the smaller DVC resorts at popular times are worth more than the "average" rate.

Best wishes -

 

[fkj2]

Oh my! I could have understood the $2000 for the five days if it was a one bedroom but a studio?

And some people still wonder if DVC is a good deal.

 

[ripleysmom]

"When is the last time you saw me post on the rent/trade board inviting a rental?"

I rarely go to the Rent/Trade Board so I couldn't say.


"Not that it has any bearing on the merits of this discussion anyway."

Perhaps not for you but it certainly does give me a better idea of where you are coming from.

 

[PamOKW]

Originally posted by fkj2
Just out of curiosity, does anyone know what the price would be through CRO? How's that much of a deal?

The rack rate for this time is $404 per night vs. $400 per night this person is offering. Basically, the renter would be saving the tax and getting a room that may be hard to book.

 

[CarolAnnC]

Please, let's keep the discussion going here without getting personal.

Now back to our Rental Concerns topic.....

 

[DBBN]

Originally posted by JudyS
To the folks that have rented out at $11 or $12 a point -- has anyone given you a hard time about the price? I don't mean just asking if you will rent for less, but criticizing you personally?

Potential rentees have NEVER given me a hard time or been rude when addressing my asking price. Several potential rentees have requested a lower price but I simply state the price is firm. Rentees then decide whether to rent from me or seek alternate plans for their vacation. Unlike some posters on this thread who have leveled personal attacks against me and many others who rent their excess points I've found rentees to be firendly and pleasant. For that matter if a rentee did give me a hard time or was rude I wouldn't rent to them. Simple as that. The level of trust necessary to make rentals pleasant for both parties involved is great. If the rentee strikes me as rude...I move on.

I charge the same price per point regardless of resort destination, dates of travel or booking window. I prefer to keep the process as simple as possible...so I've decided that one price applies to all new rentals.

 

[Dean]

Originally posted by ripleysmom
Perhaps not for you but it certainly does give me a better idea of where you are coming from.

Where I am coming from is intellectual, not need or desire driven. If you think anything else, you are sadly mistaken. I have previously posted about my other rental habits including IN THIS THREAD in which you participated, see page 5. So my "orientation" shouldn't be a surprise to you. I think I was VERY clear.

 

[Tigger1]

I thought that renting was not allowed as a business . Do those that rent turn it in to IRS? Can it be justified to itemize deductions for expenses of renting points that Disney says can not be rented except in cases that you would lose your points?

I have considered renting to somene I know. I worry what damages, theft renters might do if they do not have to deal Disney and oly contact the person they rent from by email/snailmail,

 

[ripleysmom]

"Where I am coming from is intellectual, not need or desire driven."

If you say so. It's pretty hard to believe that when your site consists of nothing but "for rent" and "for sale" ads.


"If you think anything else, you are sadly mistaken."

See above.


"I have previously posted about my other rental habits including IN THIS THREAD in which you participated, see page 5. So my "orientation" shouldn't be a surprise to you. I think I was VERY clear."

Yes Dean you did. I guess it took going to your website for that information to hit home.

You see I thought when I clicked on that link that I would see a lot of information about your timeshares. The locations, maybe a couple of trip reports, etc. That to me indicates a hobby that you were talking about having.

Instead I clicked and was treated to a bunch of ads for rent/sale. Seems to me that you have an ulterior motive for defending rental practices whether you choose to acknowledge them or not.

 

[Dean]

Originally posted by ripleysmom
"Where I am coming from is intellectual, not need or desire driven."

If you say so. It's pretty hard to believe that when your site consists of nothing but "for rent" and "for sale" ads.


"If you think anything else, you are sadly mistaken."

See above.


"I have previously posted about my other rental habits including IN THIS THREAD in which you participated, see page 5. So my "orientation" shouldn't be a surprise to you. I think I was VERY clear."

Yes Dean you did. I guess it took going to your website for that information to hit home.

You see I thought when I clicked on that link that I would see a lot of information about your timeshares. The locations, maybe a couple of trip reports, etc. That to me indicates a hobby that you were talking about having.

Instead I clicked and was treated to a bunch of ads for rent/sale. Seems to me that you have an ulterior motive for defending rental practices whether you choose to acknowledge them or not.

Your entitled to your opinion but nothing I've posted on renting is anything other than based on my knowledge of certain legal issues (no I'm not a lawyer), the POS, extensive info on timeshares in general and common sense. And to be clear, MOST people on this thread have far more reasons to slant their opinions than I have. The ONLY people who would be truly objective would be non members who are not interested in buying, best those knowledgeable on timeshares in general. I posted this topic on TUG once to see what would happened, it barely got any response at all and what response it did get was predictibly exactly as I espected.

 

[ripleysmom]

"Your entitled to your opinion but nothing I've posted on renting is anything other than based on my knowledge of certain legal issues (no I'm not a lawyer), the POS, extensive info on timeshares in general and common sense."

As are you. Until the matter is actually litigated, your position is also opinion as well.


"And to be clear, MOST people on this thread have far more reasons to slant their opinions than I have."

And those would be?


"The ONLY people who would be truly objective would be non members who are not interested in buying, best those knowledgeable on timeshares in general."

That is not correct either unless you add the caveat that those non members do not rent and have no intention of ever renting.


"I posted this topic on TUG once to see what would happened, it barely got any response at all and what response it did get was predictibly exactly as I espected."

Um...the TUG is now a court of law?

 

[Dean]

Until the matter is actually litigated, your position is also opinion as well.

It has never been otherwise. My postings have always been my opinion, albeit a well informed one.

"And to be clear, MOST people on this thread have far more reasons to slant their opinions than I have."

And those would be?

That depends on the poster. You'd have to take each person independently, but many are selfish ones. One selfish reason would include the desire for increased availability during peak times, another would be the desire of an "exlusive club". And some are just class envy, the desire to try to knock someone else down. Not that much different than the class warfare involved in some of the tax code discussions in politics.

"The ONLY people who would be truly objective would be non members who are not interested in buying, best those knowledgeable on timeshares in general."

That is not correct either unless you add the caveat that those non members do not rent and have no intention of ever renting.

Few if any members would be 100% objective in this discussion but some would be worse than others. I'd accept you addendum as I was thinking more of the general timeshare world, not potential renters.

Um...the TUG is now a court of law?

No, but is is an area with access to a lot of people very knowledgeable about timeshares. Really the only area that has that much potential. The idea that DVC is somehow different than the rest of the timesharing world is distasteful to me and unfortunatley, confirms the reasons why DVC members tend not to be very highly thought of in the general timesharing community. They sometimes think they're better than everyone else and don't have to look at things the same way or follow the same rules. Like in exchanging discussions where DVC members assume they'll be first in line for ANY exchange.

 

[FLYNZ4]

Originally posted by Dean
No, but is is an area with access to a lot of people very knowledgeable about timeshares. Really the only area that has that much potential. The idea that DVC is somehow different than the rest of the timesharing world is distasteful to me and unfortunatley, confirms the reasons why DVC members tend not to be very highly thought of in the general timesharing community. They sometimes think they're better than everyone else and don't have to look at things the same way or follow the same rules. Like in exchanging discussions where DVC members assume they'll be first in line for ANY exchange.

Dean,

I think a key reason DVC members are not thought of so highly on TUG is because TUG members tend to prioritize "value & cost" and they would generally consider DVC to be low using those metrics. Most of us who own DVC value staying on WDW property very highly... but the majority at TUG are amazed that we spend 10X for the privilege of doing so.

Personally... even though I can stay in a nice Orlando condo for "almost free"... I like being in WDW enough to buy a DVC membership.

/Jim

 

[Dean]

Originally posted by FLYNZ4
Dean,

I think a key reason DVC members are not thought of so highly on TUG is because TUG members tend to prioritize "value & cost" and they would generally consider DVC to be low using those metrics. Most of us who own DVC value staying on WDW property very highly... but the majority at TUG are amazed that we spend 10X for the privilege of doing so.

Personally... even though I can stay in a nice Orlando condo for "almost free"... I like being in WDW enough to buy a DVC membership.

/Jim

Jim, that's part of it but another LARGE part is that many DVC owners see themselves as different. Things like being part of an exclusive club. Or statements like "I'd never buy a timeshare, but I bought DVC". Heck, if you asked DVC members on the street, a significant portion of them would tell you they don't own a timeshare. Although it's been a while, I've seen people even post on this BBS that they didn't own a timeshare. DVC members are seen as arrogant and aloof and for good reason at times. And of course the other problem some TUG members have with DVC and their members is how DVC sets it up. An extra fee to exchange in, the limited exchange out list, the reduced fees, etc.

 

[Laurabearz]

WHAT???? We are not different and we dont belong to an exclusive club???

Darn.

 

[Maistre Gracey]

I absolutely, positively think DVC is different than owning a generic timeshare. We members are also different in that our primary vacation spot is WDW.
Not better mind you, but yes, different.

It would only be considered better to those of us who put a high value on staying on site.
For other timeshare owners who like to travel to a variety of places, their timeshare is better for them.

It should also be mentioned that the timeshare industry as a whole has a very slimy reputation.
DVC does not have a slimy reputation, but rather the opposite. This may create envy on others part, and make us look arrogant at the same time.

I truly am not trying to come accross as snooty here, but that is just the way I see it.

Call it pride, arrogance, or just something I enjoy, but I love my DVC and it is the only timeshare I would ever own.
I suspect other timeshare owners feel the same way about their timeshare.

-- Just my opinion

MG

 

[FLYNZ4]

Originally posted by Maistre Gracey
I absolutely, positively think DVC is different than owning a generic timeshare. We members are also different in that our primary vacation spot is WDW.
Not better mind you, but yes, different.

It would only be considered better to those of us who put a high value on staying on site.
For other timeshare owners who like to travel to a variety of places, their timeshare is better for them.

It should also be mentioned that the timeshare industry as a whole has a very slimy reputation.
DVC does not have a slimy reputation, but rather the opposite. This may create envy on others part, and make us look arrogant at the same time.

I truly am not trying to come accross as snooty here, but that is just the way I see it.

Call it pride, arrogance, or just something I enjoy, but I love my DVC and it is the only timeshare I would ever own.
I suspect other timeshare owners feel the same way about their timeshare.

-- Just my opinion

MG

I agree that DVC has a better reputation than most timeshare developers.

We belong to WorldMark/Trendwest which I think is far superior to DVC for general vacation travel as far as flexibility and cost. At this moment... I am enjoying a panoramic view of the pacific ocean in a Seaside Oregon penthouse unit (equivalent to a DVC GV). In two weeks, we will be in a penthouse unit directly on Victoria BC's inner harbor. From there, we will be spending the next week at WorldMark Depoe Bay... which has the most incredible ocean view that I have ever enjoyed... perched on the cliff, with the waves crashing right up to your deck when a good storm comes in. We spent 3 weeks in Fiji in what I would consider absolute paradise. All of this at a small fraction of the equivalent cost of any DVC unit. My average cost/night for the past 100 nights that I have used WM/TW is $45.91.

However... when it comes to visiting WDW, there is only one timeshare that is worth anything at all in our view... and that is DVC. I wish we purchased sooner... but we didn't and instead we enjoyed many wonderful WDW vacations at the luxury resorts instead (using AP special rates). I thought that our WDW days were numbered when we moved from the east coast... to Oregon... but low and behold, we have continued to vacation there. Then I felt that we might stop going to WDW once my kids were in college and "on their own"... but low and behold... we still want to get together as a family at WDW. I know it is only a matter of time before we have grandkids who will want to go as well... so I finally decided to buy DVC.

My personal feeling: if you want general vacationing to wonderful locations... DVC is probably one of the worse timeshares to own because of the exorbitant costs. However, if you want to stay at WDW... nothing comes even close to total experience that DVC offers... which is why we own both types of timeshares.

/Jim

 

[FLYNZ4]

One additional comment:

Whenever I make a reservation at DVC... I plan to open an II exchange request for the exact same time. If my II exchange comes through... I will gladly take that, and then rent my DVC credits. I think that I would be crazy not to try this approach since the cost is so large between DVC points and II exchanges.

However... using II is going to be totally hit or miss... and I expect that it will be very rarely that I will get the II exchange for the timeframe that I want to visit WDW. Owning DVC is the only reliable way that I know to reserve and use DVC... unless I was willing to pay the CRO rack rates, or rental rates. In general, both of those rates are too high for my preference... and I would probably choose to stay in one of the luxury resorts (w/AP specials) instead.

/Jim

 

[Maistre Gracey]

Originally posted by FLYNZ4
Whenever I make a reservation at DVC... I plan to open an II exchange request for the exact same time. If my II exchange comes through... I will gladly take that, and then rent my DVC credits. I think that I would be crazy not to try this approach since the cost is so large between DVC points and II exchanges.

Jim, I certainly understand your logic for doing this, however if I were in your shoes I just couldn't do it. Call me foolish, but I just would not feel part of the 'DVC family' if I traded in. I know that likely sounds corny, but it's true.

For the most part, I do think we are saying the same thing.

MG

 

[Dean]

Originally posted by Maistre Gracey
Jim, I certainly understand your logic for doing this, however if I were in your shoes I just couldn't do it. Call me foolish, but I just would not feel part of the 'DVC family' if I traded in. I know that likely sounds corny, but it's true.

For the most part, I do think we are saying the same thing.

MG

Actually that may not be true. When I've traded in, I've gotten all the DVC perks including welcome home and the members packet. They recognized I was a member and treated me like one. Jim's method is very sound, especially for off season. I plan to take a similar approach starting next September when my youngest goes off to college. The difference is I can go almost anytime as long as I can plan a few months in advance from a work standpoint. Still, to pay multiples in terms of cost seems to be a high price for the privilge of belonging.

On a side note, another thread reminded me that Magical Beginnings is actually renting points to DVD.