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Hurricane Rental Properties

Discussion in 'Buying, Selling, Renting' started by suzannesimon, Sep 11, 2017.

  1. suzannesimon

    suzannesimon TUG Member

    Joined:
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    Location:
    Destin, FL & Bethany Beach, DE
    Resorts Owned:
    Marriott Frenchman's Cove, Hyatt Sunset Harbor, Harborside at Atlantis, Marriott Aruba Surf Club, Marriott Grande Ocean, Westin Kierland Villas, Westin Lagunamar
    Has anyone else rented their timeshares that were damaged in the hurricane? I have rented 2 holiday weeks at Marriott Frenchman's Cove that is currently supposed to be open that week but it is closed until at least Oct 31. The Marriott Hotel next door is not supposed to be open as it had significant damage. I was just wondering what everyone would do for their renters. I have already gotten 50% of the rent from them.
     
  2. klpca

    klpca TUG Review Crew: Veteran TUG Member

    Joined:
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    Location:
    Southern CA
    Resorts Owned:
    SDO, Quarter House, Seapointe, Coronado Beach, HGVC Bay Club
    What does your contract say? Did you have the boilerplate suggestion about getting travel insurance? At this point, I would think that it is on your renters, but me being a complete softie would be contemplating some kind of refund. (Which is why I just can't rent units, lol).

    Pre-timeshares, I always rented through vrbo and they people who I rented from always told me to get insurance as they wouldn't do refunds. I never had any issues so it wasn't a problem, but I certainly knew the risk going in.
     
  3. theo

    theo TUG Review Crew: Veteran TUG Member

    Joined:
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    Location:
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    I seldom (and never willingly) play "landlord" and when I have to do so I am a stickler about very detailed rental agreements and a (no) refund policy.
    That said, if a property was completely inaccessible due to hurricane damage, I would without hesitation refund 100% of any and all money paid to me.
    That's plainly just the right thing to do, IMnsHO. Unlike a last minute cancellation by the tenant, having no access is not their problem to address or solve.

    One lesson my late Dad imparted was to "treat others as you'd like to be treated". This one is a no brainer. Just my personal view and position; you asked.
     
    Last edited: Sep 12, 2017
  4. suzannesimon

    suzannesimon TUG Member

    Joined:
    Jan 3, 2010
    Messages:
    1,629
    Likes Received:
    18
    Trophy Points:
    38
    Location:
    Destin, FL & Bethany Beach, DE
    Resorts Owned:
    Marriott Frenchman's Cove, Hyatt Sunset Harbor, Harborside at Atlantis, Marriott Aruba Surf Club, Marriott Grande Ocean, Westin Kierland Villas, Westin Lagunamar
    I'm going to offer them that they don't have to make the second payment, mostly because they wouldn't pay it anyway. I have the rental agreement with the travel insurance wording as well. The first payment more than covers my maintenance fees.
     
    klpca likes this.

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