The renter thing...again

[boatboatboat]

Would someone who had just booked a room at All Stars for 100 a night, turn around and "rent" you the room for 50 dollars?

I may continue to rent at 10 bucks, but from now on I will demand they buy me dinner and a few drinks first. I may be easy, but I still like to be treated nice.......

 

[Sammie]

I'm beginning to cringe when I see that. Someone on the Resorts board asked about where a family of 5 or 6 could stay cheaply for 3 WEEKS around Christmas - this year. They got the standard "Ohhh, go rents points, it's SO cheap" suggestion from several posters. I mentioned that renting for 3 weeks at that time of year, a 2-bd could run about $10,000. And that ressies are hard to get around Christmas - because DVC people book heavily at that time (the nerve of us).

To top it off, I got a PM asking why I'd LIE about something like this! That I was just one of those snooty DVC people who didn't like renters. And that "people who aren't rich" have a right...blah blah blah. I told this person to go look at the point charts and multiply what they found by $10 - the cheapest it was likely to be, and many owners charge more. I could have replied with a LOT more than I did. (I was good.)

I'm not anti-renting, but it seems like people are beginning to view DVC as a bottomless, cut rate form of CRO - that they have a "right" to, no less. This bothers me.

DisFlan

This does not surprise me in the least. With the increase discussion of renting on others forums that are not DVC, I think you are going to get an increase in first time renters that know nothing about DVC, and how it works.

You are also going to see the renter who is going to give the rentee a hard time just like they have given Disney a hard time in the past when Disney did not offer them certain percentage discounts for rooms.

I will not be surprised to also see posts in the future from renters who rented, went to WDW, did not have the Vacation of a Lifetime and want a refund from the DVC member they rented from.

 

[spiceycat]

You have got to be kidding??? Seriously??

seriously.....

 

[DVC Sadie]

[QUOTE

Our new motto should be, "Just say NO to renting Low" [/QUOTE Just love it!.

 

[mydogdrew]

If you expect to be renting points regularly, SSR is the least attractive resort to own. Let's face it, I can book virtually any room at SSR at 7 months that an owner there can book at 11 months. As a result, SSR points will tend to rent for less than other resorts that actually have a home resort booking advantage. Further complicating things is that over time, DVC I points will tend to be used at the home resort more often then they are now. Points tend to find their way to owners who want to stay there. Many multiple resort owners have SSR points in their portfolio but often these points are used at the 7 month window rather than the 11 month. For these reasons I don't expect SSR resale values to pull ahead of BWV/BCV/WWL for a very long ime. Finally, waitlist does not work well for the renting game - it's difficult to manage expectations.

I guess this would change some if DVC allowed a confirmed DTD view.

 

[Tinky]

That just.... well, I don't know but its bad.
Please tell me someone called them out on that?

 

[Groucho]

Groucho there was a member renting points from other members with sad stories and how poor she was, etc - for $8, $9 or $10 - then rerenting them on THIS BOARD for $11, $12 or $13....

Yes - it has been done....

Well, that's hardly the usual tactic I would think, considering that the rental has to be made in their name and they do not have the power to "sublet" it to another person. So were they renting or having points transferred? (And if someone really was poor, they ought to be staying at ASR or Pop or offsite!)

What I really don't understand is the mindset that "if I'm going to sell for $10, I will only give them to other DVC members" - what's the reasoning here? Because there are a few bad renters out there? There are probably just as many "bad" DVC members. Renting to a "good" renter doesn't hurt you or the DVC in any way. It just smacks of elitism to me, trying to make sure that a renter does not get a decent deal.

 

[Daitcher]

Boy oh boy, are you confused.


I blame genetics

I thought you couldn't top the messages on the SSR thread,

lol those were pretty good

where you continue to believe that Disney hypes the older resorts to SSR buyers, which is completely untrue.

When i bought BWV they never mentioned SSR once

Let's tackle this little beauty.

Ok, good luck. Remember square your shoulders and drive thru with the legs

(I'll ignore the "beat anyone who rents at $10 point"

Then why did you mention it?

since that's still at least a $4/point profit for the DVC owner,

ummmmmmmmmmmm you are wrong there, but that hasn't stopped you so far, so carry on

sorry

I would be too

that it's not enough for you,

can you ever really have enough money?

I guess

try NOT "guessing", next time

I deserve a beating for renting at $10.

ok

Wah wah wah.)

sounds like an all girls, band

You are complaining about people reselling.

I am?

Yet you are also complaining when people rent instead of transfer.

no, that would also be wrong.

Anyone renting these rooms on eBay is going to already be a DVC member,

AHOY CAPTAIN OBVIOUS!

so any extra points they have are going to be transfers,

ok

It's more likely that they actually just own a lot of points.

make up your mind, are they points they owned, or transfered pts.

(How idiotic would you have to be to rent points from existing DVC members for $10 when you can own them for $5-6?)

How many will you rent/transfer me for 6 bucks?

I agree that I think it's a little "against the spirit of DVC" to own points merely to rent or resell them,

Ok

but the impression I get is that your real problem is with non-DVC owners being allowed to stay at DVC resorts,

your impression is wrong. I love when non dvc folks stay at dvc resorts. after people pay 350 bucks a nite for a bw 1 bedroom, they see the value in renting from me, for 275 @ night.

and when they do, that they're not being soaked for the most

how is suggesting they pay 75% of what Disney charges for a room vs 50% (cost at 10 bucks per point), a soaking? Once again your logic is flawed.

(It's probably fair to guess that you'd feel great renting points for $17/pt here like on ebay.)

sure, wanna rent some?

But I'm going off on a tangent.

Going? ummmmmmmmm

I would argue

imagine that.

that there's little reason to complain about points being transferred or rented for $10.

well other then the fact you have lost aprox a buck 50 per point, you are right.

Especially if people are still having success renting at $11/pt.

I thought we were talking about 10 a pt?

Why be upset because a renter got a better deal

Who is upset?

if it doesn't affect you?

It does if i ever need/want to rent in the future

Because you can't yet reliably charge $12, $13, or higher?


yes getting fair mkt would be nice

If this is such an issue, then sell your contract

why?

and buy a smaller one so you won't need to worry about extra points so much!

you have a small one, i can buy?

For DVC being an investment in family and vacation, there sure is a lot of concern about how best to squeeze money out of it!

I agree, your manifesto is disturbing at best

Boy, boatboatboat just took you to the woodshed for a little a$$ whipping. Once again, B3 is the best addition to these boards I've seen in quite some time.


DAVE

 

[sajetto]

Boy, boatboatboat just took you to the woodshed for a little a$$ whipping. Once again, B3 is the best addition to these boards I've seen in quite some time.


DAVE

Dave, I think you may be right on some accounts. It appears that B3 has been the most successful in motivating DVC'ers to increase their price point. I've even noticed he's be checking around the rent/trade board and critiquing owners on how they have set their prices. Who knows, he may bring some postive change around here. I'm a SSR owner, but I'll let that stuff slide

 

[boatboatboat]

"if I'm going to sell for $10, I will only give them to other DVC members"

Yes, I would offer them first to DVC "family" member. A person who has taken the plunge like I have. A person who doesn't USE other DVC members as a way to take DVC trips, and not have to toss 20k down on the table.

I'm funny that way.........

 

[boatboatboat]

Boy, boatboatboat just took you to the woodshed for a little a$$ whipping.

little? dude I am on the verge of being banned the way it is.

Once again, B3 is the best addition to these boards I've seen in quite some time.

Thanx, I enjoy it here. I wish you didn't own at SSR, we could rule the board if you were one of "my kind".

 

[Daitcher]

Well, that's hardly the usual tactic I would think, considering that the rental has to be made in their name and they do not have the power to "sublet" it to another person. So were they renting or having points transferred? (And if someone really was poor, they ought to be staying at ASR or Pop or offsite!)

What I really don't understand is the mindset that "if I'm going to sell for $10, I will only give them to other DVC members" - what's the reasoning here? Because there are a few bad renters out there? There are probably just as many "bad" DVC members. Renting to a "good" renter doesn't hurt you or the DVC in any way. It just smacks of elitism to me, trying to make sure that a renter does not get a decent deal.

Where is the little guy slapping another guy in the head picture? Oh well I'll use this: Stop focusing so much on the little details. B3 has gotten the best of you on numerous occasions on this thread. If he throws anymore jabs at you you'll be down for the count. Bottom line is this, $10 pp is way to cheap. Read my earlier thread and see my real life example from this year. B3 spelled it out perectly. Why don't you book me a suite at the GF? I'll then rent it from you for 50% of what you paid. Members need to stop looking at there points like "hey they are alraedy paid for I'll get what I can for them". Each rental should be tied to what the going rate for that unit would be. If it would cost a renter $2500 through CRO, then give them a deal at $2000. This per point rate is ridiculous and anyone renting for these prices is crazy. I hate to speak for B3 but what I think he is saying is this: if you are crazy enough to let points go for $10/pp why not at least keep it in the family so to speak. Transfer them to a member. Stop letting non members get the upper hand here. Do what you wish with your points but please don't act like it makes sense because it doesn't.


DAVE

 

[boatboatboat]

It appears that B3 has been the most successful in motivating DVC'ers to increase their price point.

Time will tell, it's up to the owners. Offer them for a fair price, (12-14) and be ready to say no to low ball offers.

I've even noticed he's be checking around the rent/trade board and critiquing owners on how they have set their prices.

that may be alittle strong, but yes i am trying to help.



Who knows, he may bring some postive change around here

I hope, but once again it's up to the owners. DVC has gone from 65 a point to 101, cash rates have increased almost every year, yet the renting price has stayed the same. Time for a mkt adjustment.

I'm a SSR owner,

serioulsy?

 

[pouncingpluto]

What I really don't understand is the mindset that "if I'm going to sell for $10, I will only give them to other DVC members" - what's the reasoning here? Because there are a few bad renters out there? There are probably just as many "bad" DVC members. Renting to a "good" renter doesn't hurt you or the DVC in any way. It just smacks of elitism to me, trying to make sure that a renter does not get a decent deal.

Less risk (i.e. the other member will be responsible for any damages) means many people will be willing to rent for less than they would be willing to rent to non-members, for whom they will have to take the risk of being stuck with charges for any damage done to the room.

 

[DisFlan]

This does not surprise me in the least. With the increase discussion of renting on others forums that are not DVC, I think you are going to get an increase in first time renters that know nothing about DVC, and how it works.

You are also going to see the renter who is going to give the rentee a hard time just like they have given Disney a hard time in the past when Disney did not offer them certain percentage discounts for rooms.

I will not be surprised to also see posts in the future from renters who rented, went to WDW, did not have the Vacation of a Lifetime and want a refund from the DVC member they rented from.

I agree.

I hate to see the "entitlement" thing growing among renters. It's pretty obvious a lot of these folks don't understand what DVC actually is or how it works. And that it's not like getting a ressie from CRO.


DisFlan

 

[DisFlan]

Less risk (i.e. the other member will be responsible for any damages) means many people will be willing to rent for less than they would be willing to rent to non-members, for whom they will have to take the risk of being stuck with charges for any damage done to the room.

Maybe we need a Rent board AND a Trade board?


DisFlan

 

[boatboatboat]

Less risk (i.e. the other member will be responsible for any damages) means many people will be willing to rent for less than they would be willing to rent to non-members, for whom they will have to take the risk of being stuck with charges for any damage done to the room.

yet another aspect I hadn't thought of. I also wasn't taking sales tax on a cash room rate into consideration when looking at the VALUE of renting points from a DVC memeber.

The reasons to raise rental rates continue to mount.

 

[boatboatboat]

Maybe we need a Rent board AND a Trade board?


ohhhhhhhhhhh I like that idea. Can we have it password protected just for DVC members, so we can have private price fixing discussions?

 

[Groucho]

B3 has gotten the best of you on numerous occasions on this thread. If he throws anymore jabs at you you'll be down for the count.

Gee, sorry, I forgot that this is a Disney message board. I didn't realize that I should feel obligated to be dragged into little one-upmanship games. Is this a ploy for you guys to get the Dining Plan for only $10.99?

Bottom line is this, $10 pp is way to cheap.

You're too focused on maximizing rental income. Which is not what the DVC is supposed to do.

There are a set number of points made available to members every year. It doesn't matter who uses them. There is no harm to you if one member uses the points himself one year, GIVES them to a relative the next, and rents them to a non-member for a reasonable price the year after. It won't affect your ability to use your points and it won't affect your maintainence fees. It also won't affect how many rooms are available.

So what if a renter gets the room for a less than rack rate? Obviously the "market" has determined that $10/pt is a fair price, based on the fact that that's what the vast majority of members ask for them. The average price will go up over the years, just be patient and accept that it will never be what you think it should be.

All this is why it's important to get the contract size that you want, so you don't need to worry about all this renting and transferring nonsense!

 

[Sammie]

Less risk (i.e. the other member will be responsible for any damages) means many people will be willing to rent for less than they would be willing to rent to non-members, for whom they will have to take the risk of being stuck with charges for any damage done to the room.

yet another aspect I hadn't thought of. I also wasn't taking sales tax on a cash room rate into consideration when looking at the VALUE of renting points from a DVC memeber.

The reasons to raise rental rates continue to mount.

Speaking of sales tax, what happens to the sales tax on rentals.