The renter thing...again

[Kick Save]

I've read a few threads discussing the rentee setting the point price rather than the renter. Found it interesting, never really ran into it...until yesterday.

Somebody had posted they were seeking a standard view studio for early December. That's my home resort, I had roughly that amount of points left after my vacation bookings, so I PM'd them. Gave the standard warning that std. view might not be available, be prepared to have to get preferred. Then said I'd be happy to check availability, cost will be $12 for standard view, $11 for preferred plus any PayPal fees if they paid that way.

No response, but I happened to glance over the rental board and see the thread back at the top with, "Still looking for somebody with availability. I'm willing to pay $10 a point, but only through PayPal with a credit card."

Hope you save your $90...

Sorry, had to vent.

But I really don't get it. You're asking somebody to rent you their points, which I'm willing to do. You're asking a rather narrow audience as you're relying on that person's home resort window. Am I wrong in thinking that type of request carries a premium? The requested $10 a point and not covering any PayPal credit card fees drives the price down around $9-ish (didn't do the math). Seems kind of backwards to me.

 

[boatboatboat]

when people stop renting out at 10, we will be able to get 11.

IMO 11 is STILL to low.

 

[Maistre Gracey]

One of five things will happen:

1) They will come around and pay your price.
2) They will find someone to rent for $10/point.
3) They will pay rack rate through Disney.
4) They will stay at cheaper, possibly off site accommodations.
5) They will cancel their vacation.

The way I see it, 4 out of 5 options.... they lose!

MG

 

[boatboatboat]

I wish DVC owners would look for other DVC owners to transfer pts to if the "price" is 10 bucks.

let the "10 dollar" points stay in the family as it were.

I'll offer my points to another DVC member before i sell them to a non DVE person for 10 bucks.

Booooooooooo on 10.

 

[Kick Save]

One of five things will happen:

1) They will come around and pay your price.
2) They will find someone to rent for $10/point.
3) They will pay rack rate through Disney.
4) They will stay at cheaper, possibly off site accommodations.
5) They will cancel their vacation.

The way I see it, 4 out of 5 options.... they lose!

MG

Option 1 is now closed.

Might have still been open if I got the courtesy of a return PM...

 

[Daitcher]

I've read a few threads discussing the rentee setting the point price rather than the renter. Found it interesting, never really ran into it...until yesterday.

Somebody had posted they were seeking a standard view studio for early December. That's my home resort, I had roughly that amount of points left after my vacation bookings, so I PM'd them. Gave the standard warning that std. view might not be available, be prepared to have to get preferred. Then said I'd be happy to check availability, cost will be $12 for standard view, $11 for preferred plus any PayPal fees if they paid that way.

No response, but I happened to glance over the rental board and see the thread back at the top with, "Still looking for somebody with availability. I'm willing to pay $10 a point, but only through PayPal with a credit card."

Hope you save your $90...

Sorry, had to vent.
But I really don't get it. You're asking somebody to rent you their points, which I'm willing to do. You're asking a rather narrow audience as you're relying on that person's home resort window. Am I wrong in thinking that type of request carries a premium? The requested $10 a point and not covering any PayPal credit card fees drives the price down around $9-ish (didn't do the math). Seems kind of backwards to me.

I just don't get your post?????? Seems you are the one who is confused. Why do you feel the need to vent???? You made an offer and they rejected it. Guess what, they will win in the end because someone will rent to them for $10. I'm with boatboatboat and others that $10 is to low. Problem is people still rent for that price. Deals take place every day in all facets of life. Nothing wrong with you asking $12 and nothing wrong with the person passing on $12. Really what is wrong with the person passing on your offer? Please help me out because I see nothing wrong on someone trying to get the best deal.


DAVE

 

[sajetto]

I think 10 is low myself. However, I must admit that was the price I paid when I rented (it was what I was offered so I took it) If I were to rent my points I'd be doing it at 11-12 per point, but this doesn't stop renters from agreeing to buy the points then shoping around to see if they can get lower. I suppose if payment was recieved in full upfront with a no refund contract it might combat this a little bit.

 

[Paging Tom Morrow]

I can appreciate the OP's comments, but how is what the renter doing wrong?

I walked into a GMC dealer and said I am interested in leasing an Envoy 4x4 for $325 per month. I want these features.

Three dealers told me no. The fourth agreed.

I set the price for the item I wanted to purchase. I see no real difference between me doing that and a DVC renter saying I want to pay $10 per point with no additional fees.

In the end he/she only gets to purchase if there is a seller willing to match his/her price.

 

[crisi]

I just don't get your post?????? Seems you are the one who is confused. Why do you feel the need to vent???? You made an offer and they rejected it. Guess what, they will win in the end because someone will rent to them for $10. I'm with boatboatboat and others that $10 is to low. Problem is people still rent for that price. Deals take place every day in all facets of life. Nothing wrong with you asking $12 and nothing wrong with the person passing on $12. Really what is wrong with the person passing on your offer? Please help me out because I see nothing wrong on someone trying to get the best deal.


DAVE

I probably shouldn't speak for Kick, but it sounds like he would have liked a response "well, thanks for the answer, but I'm going to hold out for $10 a point."

 

[spiceycat]

because standard view at BWV are hard to get - very hard to get.
standard
9 points * $12 = $108
pref
12 points * $10 = $120

if you don't own BWV points you will have to settle for preferred view most of the time. also only BWV owner can make the reservation 11th to 8th month -at the 7th month anyone can but most renters don't want to wait that long.

she lost out.

I now there are several renters out there wanting $10 a point some even wanting $9 a point.

there are too many other people who will pay your price. You don't have to settle for less than you want or need.

It has been $10 a point for a long time - it is definitely time to move the rental price up. the maintence fees not to mention property tax has greatly increase in that time period.

 

[CarolMN]

FWIW, I think it's a moot point - there is no availability left for standard view studios for those dates. I would be surprised if an owner would be willing to waitlist for a renter - especially for this time frame. There are just too many other opportunities out there to tie up points like that.

I don't think that post will get many other responses - except from the newbie owners who don't know that early December SVs are pretty much sold out.

Anyway, I truly believe that owners who want more than $10 per point can get it - they just have to be a little patient and willing to say "no thanks" to those who aren't willing to agree to the owner's terms.

Kick Save - I think you were smart not to do any work on this request until the poster agreed to your terms. And I don't think the poster is doing anything wrong by continuing to look for someone who will agree to his/her terms - even if that is unlikely. (But I think that he/she should have at least politely replied to your PM). You got him/her to be more specific in their next post, LOL, so that's a good thing.

Best wishes-

 

[Kick Save]

I just don't get your post?????? Seems you are the one who is confused. Why do you feel the need to vent???? You made an offer and they rejected it. Guess what, they will win in the end because someone will rent to them for $10. I'm with boatboatboat and others that $10 is to low. Problem is people still rent for that price. Deals take place every day in all facets of life. Nothing wrong with you asking $12 and nothing wrong with the person passing on $12. Really what is wrong with the person passing on your offer? Please help me out because I see nothing wrong on someone trying to get the best deal.


DAVE

Dave...I'm not confused by the process, and the venting is from the owner's standpoint of the price not going up, just as you said yourself. My main issue was, as crisi said, there was no response one way or the other to me when I had said I was more than willing to help them out.

The renter is full within his/her rights to hold out for $10 a point, $9 a point, $8 a point if it's out there. But, for a short supply such as standard view at BWV you may want to be prepared to pay more than you're asking. Or stay at OKW.

I rented some points out for this coming November to a fellow DISer who had no problem with $11, and so far the transaction as gone swimmingly. (Swimmingly in a warm pool. )

I just feel that if you're going to request a sort of "premium" service, such as using an owners 11-month window to get the week you're after, then you shouldn't be shocked to see more than $10 a point as the asking price. And if you don't agree to those terms, hitting "reply" on a PM isn't too difficult. (Good call, crisi. )

That's why I vented...felt better, too.

 

[Groucho]

Why would you set different prices for points on different rooms? The points are the same to you no matter how they're used and there's no difference in the work done by you, the rentee. That seems to me to a bit strange to complain that someone isn't willing to pay the extra $1 for your points yet you want an extra additional $1 for the rooms that sell out faster?

Of course, the potential renter should have responded with a "no thanks" but frankly, I would not rent points when presented with such an offer.

But then, I've just both rented and transferred points for $10/pt so I must be one of these people who are destroying the value of DVC and will not stop until they are brought to their knees, right? I considered asking $11/rental and $10/transfer but that would be due to the extra effort involved in renting versus transferring.

Anyway, it was very clear when I bought in that DVC is not a financial investment, so I don't mind getting "only" $10 a point. If everyone starts charging more in the future, I'll go with the flow. But hopefully I won't be renting points very often - if that were the case then I'd clearly have too many points. Even with maintainence fees, most members figure that their points are costing them $5-6 each - so even $10 is still a decent profit.

 

[Kick Save]

Why would you set different prices for points on different rooms? The points are the same to you no matter how they're used and there's no difference in the work done by you, the rentee. That seems to me to a bit strange to complain that someone isn't willing to pay the extra $1 for your points yet you want an extra additional $1 for the rooms that sell out faster?

Basic economics...lower supply, higher the cost. The points are the same to me, true. The work is the same, true. But the deal at the higher point cost is still better for the renter.

BTW, as has been pointed out a couple of times, I'm not complaining that they didn't want to pay my cost - that's up to them, and I'm not living in a cardboard box if I don't get these points rented. The complaint is more in the lack of a response, and of renting in general where it seems the renters are setting the price more often than the owners.

 

[LIFERBABE]

Anyway, I truly believe that owners who want more than $10 per point can get it - they just have to be a little patient and willing to say "no thanks" to those who aren't willing to agree to the owner's terms.

I agree. I rarely have to use the rent/trade board, because I have return renters contacting me wanting to pay $11 per point. $11 is not a rip off and neither is anything under $15 ppt. People here are just used to getting points for less. But there is "new money" coming to these boards and they are more than willing to pay a fair price. People are still getting BCV and BWV for less than $200 per night and that is a Great Deal!

I also agree that if you have "virgin" points and want to rent for $10, give members priority and do a transfer first.

Unless you are having a Fire Sale, there is no reason to rent low.

Our new motto should be, "Just say NO to renting Low"

 

[boatboatboat]

I just went over to ebay and did some looking.

Anyone who rents out pts below 12 bucks should be beaten, and have their points ROFR by Disney at 60 bucks a point.

 

[mydogdrew]

Just book a December studio Su-Th standard view (if there is one). Wait a couple months to get inside the DIS 6 month window for posting and you'll have your choice of folks willing to pay $13 per point (can't do that with SSR points!). This is the most efficient way to move your extra points. The beauty of BWV!

 

[Tinky]

Never rented points or rented out points so I can't/won't comment on that but OP took the time to PM and a response of "No thanks" is not unreasonable. JMHO

 

[boatboatboat]

BW has 1 bedroom available for SU-Th Christmas week........

hmmmmmmmmmm

Wonder what that would "rent" for about mid August?

 

[Boston5602]

I can appreciate the OP's comments, but how is what the renter doing wrong?

.

I think the OP has issue with the fact they took time out to answer a call for points to someone and they couldn't be bothered to get back to them. ALSO
I am going over to the rent board right now, I JUST bought BWV points I havent even gone through closing and I'm going to post them for rent - all 200 points only $25.00 Each . They probably wont rent but when people see my price they might think $11-12 a point is a bargain, who knows