Renting out extra points??

[charminnie]

Which companies have you used? Which do you prefer? I have looked at David's and ......(edited to remove business in DISBoards.com site filter)............which seem about the same. Any feedback appreciated.

 

[_auroraborealis_]

Big thing to keep in mind is that David's has a minimum of something like 95 points to contract through them to rent out.

 

[Disneypapa]

I have successfully rented reservations (points) as an owner about ten times total over the past 8-10 years and have done it myself using the DVC Rent/Trade board.

 

[CarolMN]

Please remember to post a link to any business you wish to discuss. If any portion of the line appears with ************, it means that the business is in the site's filter and should not be discussed here. For more information, please read the pinned thread near the top of the Forum:

A word about DIS advertisers - Please post a link to any business you wish to mention

Thank you.

 

[bwang123]

We've done Davids, ***********and the rental board. Davids is the easiest, the messages boards take a little more work but you can get more money for your points since you are not paying a middle man.

 

[LAX]

I have successfully rented reservations (points) as an owner about ten times total over the past 8-10 years and have done it myself using the DVC Rent/Trade board.

For those you who have rented points on your own, don't you worry about the renter(s) doing something to the villa and you end up being on the hook for the costs? That's really my primary concern for not renting on my own.

LAX

 

[_auroraborealis_]

That would happen with a broker as well. The broker isn't on the hook with Disney.

 

[Paula Sedley-Burke]

I have used David's on several occassions and been very happy with the service. No hassle, good communication. I would use them again.

 

[LAX]

That would happen with a broker as well. The broker isn't on the hook with Disney.

True. So I asked the two better known rental sites how it would be handled. One replied that their rental agreement will offer legal recourse so that I, the owner, and they, the middle man, won't be on the hook. Now, perhaps it's a false sense of security on my part, but I would imagine this rental site won't want to risk their reputation by hanging me out to dry should they have trouble getting reimbursement from the renter after promising to me I won't be responsible.

LAX

 

[codina818]

Well, you should read the broker agreement. They really cover very little.

 

[LAX]

Well, you should read the broker agreement. They really cover very little.

I have and I am not saying they are contractually liable for any potential damage/theft. However, when inquired how these potential issues would be handled, they replied by saying they would go after the renter (instead of me trying to do that on my own). Now, they can certainly tell me they have tried and there is nothing more they can do, but if other DVC owners realize that using a rental agency is actually no better/safer than renting the points themselves, I would imagine many would think twice before using them again.

As a matter of fact, another agency did reply with an answer that basically says you are ultimately responsible and nothing more. That's fair and I appreciated their honesty. However, I certainly won't be using that agency for the reason mentioned above.

LAX

 

[codina818]

As a matter of fact, another agency did reply with an answer that basically says you are ultimately responsible and nothing more. That's fair and I appreciated their honesty. However, I certainly won't be using that agency for the reason mentioned above.

LAX

There is a big difference between what they say they are willing to do, and what they are obligated to do. The contract is the contract and if they say they are going to "go after the renter", they should be willing to put it into their contract.

I'm betting that if u ask them to, they will refuse to include what they are saying to you into the written contract.

I am a firm believer in the written word.

Personally, I would trust the broker who told u that "you are ultimately responsible" more than the other one.

 

[CarolMN]

FWIW, if a broker did not "go after" the renter who did the damage, his or her business would be toast. They'd have to take care of the owner, even if it means paying for the damage themselves. If they didn't, as soon as the word gets out, they would not get any owners to use their services. Might even spill over to other brokers' businesses.

They're having trouble right now getting enough owners to use their services - their demand side exceeds the supply. Imagine what would happen if owners decided the risk wasn't worth it!

 

[LAX]

FWIW, if a broker did not "go after" the renter who did the damage, his or her business would be toast. They'd have to take care of the owner, even if it means paying for the damage themselves. If they didn't, as soon as the word gets out, they would not get any owners to use their services. Might even spill over to other brokers' businesses.

They're having trouble right now getting enough owners to use their services - their demand side exceeds the supply. Imagine what would happen if owners decided the risk wasn't worth it!

This is really what I had mind when trying to decide whether to use a rental agency or not. Again, I agree they really don't have a contractual obligation to help recover any potential damage/theft by the renter, but it probably in their/their business' interest to "protect" the owners. While I can understand if they are upfront about not getting involved at all (like that one agency I contacted), but to promise going to bat for the onwer and end up not following through (not even a failed attempt) would be shady at best.

LAX

 

[CinderBelleDVC]

There is a big difference between what they say they are willing to do, and what they are obligated to do. The contract is the contract and if they say they are going to "go after the renter", they should be willing to put it into their contract.

I'm betting that if u ask them to, they will refuse to include what they are saying to you into the written contract.

I am a firm believer in the written word.

Personally, I would trust the broker who told u that "you are ultimately responsible" more than the other one.

All this, especially the last line. Codina818 - what does your banner mean: DVC Premium?

 

[CarolMN]

All this, especially the last line. Codina818 - what does your banner mean: DVC Premium?

From the Rent/Trade Board thread entitled: **How to use this Board**
".......... The R/T Board is the only board on the DIS that allows DVC members to post an offer to rent points or reservations. Offers posted on other boards of DISboards.com, offers via PM, and offers by email are not allowed. Neither are offers posted in another member's thread. Members MUST use their own points to make reservations and may not act as a third party rentor or use a third party for rentals on our board. The details of all transactions must be made by the member offering their points.

For those who have not been able to actively participate by posting on the DIS over the past 6 months, we have another option allowing purchase of the ability to have a thread post on the DVC Rent/Trade Board. Details may be found at DVC RENT/TRADE FORUM MEMBERSHIP PLANS . All registered DISboard members may purchase the ability to submit threads (Gold Membership plan). Those registered more than 6 months are also able to purchase the Premium membership plan. A special icon will be added in your board profile identifying you as having purchased one of these options. Once the icon is in place, rental threads will be accepted from those not meeting the posting requirement.


When you create a new thread, it will not immediately appear on the Rent/trade board but instead goes first into a Moderation Queue where it will be reviewed ............"

 

[gmboy95]

I have rented more then a few times through the rent and trade board on this site without ever having a problem

 

[mustinjourney]

FWIW, if a broker did not "go after" the renter who did the damage, his or her business would be toast. They'd have to take care of the owner, even if it means paying for the damage themselves. If they didn't, as soon as the word gets out, they would not get any owners to use their services. Might even spill over to other brokers' businesses.

They're having trouble right now getting enough owners to use their services - their demand side exceeds the supply. Imagine what would happen if owners decided the risk wasn't worth it!

If demand greatly exceeds supply -- that begs the question as to why they aren't raising the amount given to the DVC owners?

Surely I'm not the only one to have taken economics 101.

 

[_auroraborealis_]

If demand greatly exceeds supply -- that begs the question as to why they aren't raising the amount given to the DVC owners?

Surely I'm not the only one to have taken economics 101.

Because at the end of the day, there's also a lot to be said for not taunting Happy Fun Mickey. The real issue is that owners want to use their own points. To bring up pricing enough to make owners consider renting instead of themselves traveling, while maintaining market demand for rental, gets into murky territory. While renting is explicitly permitted to owners, the role of brokers is more grey.

 

[CarolMN]

If demand greatly exceeds supply -- that begs the question as to why they aren't raising the amount given to the DVC owners?

Surely I'm not the only one to have taken economics 101.

It's not that simple.

I'm guessing that the brokers don't think they can increase the price to their customers without losing a large share of them. Their prices are capped based on what Disney is charging for comparable rooms. Renters give up some amenities/features when they rent - i.e., housekeeping, a liberal cancellation policy, more flexible payment options, etc. They expect a good discount from Disney's effective rates in return. Also we have to remember that if its hotel rooms are not filling to its satisfaction, Disney is prone to discount and/or offer promotions such as free dining. Those discounts further limit the price that can be charged for DVC rentals.

So until Disney raises its effective rates or until the brokers are willing to give up some of their profit, they won't be offering more to their suppliers.