When you "rent points" you are actually renting a reservation at a DVC resort made for you by a DVC member.
- The member will control the reservation until you check in.
- Your booking is generally non-refundable and cannot be cancelled for refund due to the restrictions of a timeshare booking by the owner.
- You will often need to pay in full up front, versus the $200/first night's stay deposit on a booking with Disney.
- Any changes, special room requests or adding the dining plan have to be done through the owner. Dining plans must be paid in full at the time that they are added to the reservation because that's the way that DVC works. Most owners will need your credit card to do this.
- Tickets, FP+ and ADRs are your own responsibility.
- DVC units are not the same as staying in a hotel room. Aside from not getting daily housekeeping, you will not get 2 beds in a studio unless you're staying at OKW. What you get in a studio is a queen bed and a full sleeper sofa. Some studios will also have a Murphy bed that is smaller than a twin bed that will accommodate a 5th person. Most 2BR units are a 1BR+a studio, so if you're looking at a bigger unit for a larger group, know the bed set up.
- You will have all of the advantages that any Disney resort guest gets (like EMH, access to the resort's theme pool, ADRs at 180+10, FP+ at 60 days prior to arrival, MBs) but none of the benefits that DVC members have (such as member discounts or events or Top of the World Lounge).
- You will not qualify for any additional Disney discounts. You also are unlikely to get any kind of upgrade (and should not ask for one, as the owner who made the reservation for you may be charged for it).
- Demand for DVC rental far exceeds the number of available units and owners willing to use their points for a rental. DVC is designed to be at or near 100% occupancy all year long.
- Your chances of getting exactly what you want are much greater if you have lined up someone, who owns at the resort that you are interested in booking, at least 11 months in advance of the day you wish to arrive. The probability of success goes down from there.
- A broker is a go-between between a renter and an owner. To meet your reservation request, they need an owner, with the right number of points, in the right use year, at the right resort -- AND the unit needs to be available. This can be a challenge to get alignment on. Odds on what points they have when varies -- a lot. It can't be predicted.
- In general, as a renter do not expect to book Boardwalk Standard Studios or 2BR, BLT Standard Studios or 2BR units, Grand Floridian studios, or Animal Kingdom Value or Club Level units. You can ask, but have backup plans (and budget, in the case of the Standard/Value units).
- DVC "busy season" does not align to what people think of as high season at Disney, and starts in late September and runs through marathon. Epcot resorts and near-park can be hard for owners to book during Food & Wine.
- Renting from a DVC owner can get you staying at a deluxe resort, in a villa-type room, for less than a standard room at that resort would cost from Disney. But it is non-refundable.
- If there is any issue, Disney will not be a part of any fix, as your transaction is not with them.
One other thing I will mention is that an owner can only book 7 nights at 11 months. To book 10 nights, they need to be at 11 months + 3 days. Via a broker, the broker will wait until the whole stay can be booked. A private party might book the 7, then add each day.
For BLT, assume you need to budget for Lake View. You can ask for Standard, but it can be difficult sometimes. Spring is less bad than fall, though. You also should check on the difference between a 2BR locked and a 2BR dedicated for sleeping arrangements -- a dedicated has an additional actual bed vs. a sleeper, but sacrifices a kitchenette. (Still get a full kitchen.)