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How easy is it to rent out weeks?

a8b114

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How easy is it for timeshare owners to rent oout weeks on various sites like Airbnb, VRBO, Homeaway, etc?

I am curious why there are not more timeshare week listings on these sites as compared to timeshare dedicated rental sites.

Are there strict restrictions regarding renting out your vacation weeks? Also, does it differ depending on which timeshare company you bought through?
 

DeniseM

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Those sites are not geared for timeshares - they are designed for full ownership vacation properties.

There are other websites that are exclusively for timeshare rentals, like the TUG Marketplace (free for members) and www.redweek.com.

The fees and terms on the websites that you mentioned are not really compatible with single week timeshare rentals, either. For instance, on most of them, the renter can cancel at the last minute - leaving the timeshare owner holding the bag with a reservation that can't be cancelled at the last minute.

Some timeshares are impossible to rent - others are very rentable. The real question is how many are easy to rent for a profit, and that is a very small number - maybe 10%.
 
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HudsHut

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The fees on these sites are too expensive for renting out a week. The fees are geared to the rental of a home, year-round.
 

a8b114

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The fees on these sites are too expensive for renting out a week. The fees are geared to the rental of a home, year-round.

Are you referring to listing fees or transaction fees? I agree that listing fees don't make sense when you are only renting out 1 week / per year. But some sites just charge 3-5% fee for the host (in addition to service fee for the renter). I don't see this being a huge obstacle.
 

DeniseM

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Are you referring to listing fees or transaction fees? I agree that listing fees don't make sense when you are only renting out 1 week / per year. But some sites just charge 3-5% fee for the host (in addition to service fee for the renter). I don't see this being a huge obstacle.

That's much higher than the timeshare rental sites which only charge a flat Ad fee.

The rental terms are even worse than the fees. Most timeshare reservations cannot be cancelled by the owner at the last minute, and the terms on the websites allow the renter to cancel past the deadline when the owner can cancel. In other words, the renter could cancel and leave you with a complete loss.
 

tschwa2

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Are you referring to listing fees or transaction fees? I agree that listing fees don't make sense when you are only renting out 1 week / per year. But some sites just charge 3-5% fee for the host (in addition to service fee for the renter). I don't see this being a huge obstacle.

The ones that offer the 3-5% usually won't let you communicate directly (through relay only) and you won't get paid until either check in or check out and they either force you or highly encourage you to have a cancellation policy in the 14-30 day range.
 

DeniseM

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The timeshare rental websites let the owner communicate privately and directly with the potential renters, and write they own rental terms.
 

TUGBrian

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far cheaper to list for rent on TUG as well, and even free with the LMR forum =)

http://rent.tug2.net
 

a8b114

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Do all timeshare companies help owners out with renting out their weeks through either their own rental efforts or through distribution agreements with Vacatia, HomeAway, etc? If so, do they take a large commission or fee?

It is surprising to me that there isn't more collaboration between timeshare cos / owners and the biggest vacation rental sites which draw significantly more traffic than Vacatia and other timeshare rental sites. Maybe this will happen more in the future?
 

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if it became common knowledge that the average person could rent a timeshare from an existing owner, fewer people would buy.

much like the resale market, you wont find the industry supporting anything that risks their retail sales model.
 

DeniseM

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The large timeshare management companies have their OWN high priced rentals to market, so for the most part, they aren't interested in helping owners. They are interested in helping themselves, and their investors.

Sometimes resorts will have a program where owners can enroll their timeshare in the resort's rental program, but usually the resort takes a large cut, and may or may not rent your timeshare - in other words, you could lose all or part of the week you enroll.

Sometimes the small stand alone resorts have rental programs that actually benefit the owners.
 

SueDonJ

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I think Marriott charges 40 % if they rent your week.

I'm not sure if Marriott still uses a 40% metric for rentals because the program is far less advantageous for owners than it used to be, and for the overwhelming majority of Weeks there's a much better return through external rental sites.

But if you want the convenience it's a simple enough process. Contact Owner Services via telephone or navigate through **Book My Stay --> Use My Week --> select "Marriott Rental Program" in the dropdown box** on the owners.marriottvacationclub.com website. If they want your Week (there's no guarantee that they will) they'll send you the paperwork, when it's returned they'll issue a check.
 

ronparise

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Do all timeshare companies help owners out with renting out their weeks through either their own rental efforts or through distribution agreements with Vacatia, HomeAway, etc? If so, do they take a large commission or fee?

It is surprising to me that there isn't more collaboration between timeshare cos / owners and the biggest vacation rental sites which draw significantly more traffic than Vacatia and other timeshare rental sites. Maybe this will happen more in the future?

Wyndham will "help" their owners rent through their extra holidays program but ther are no guarantees and they take a 40% commission

I find the free advertising her on tug the most expensive because it usually doesn't work. Why? Because almost everyone here already owns timeshares and when the do rent they approach me as if they are doing me a favor. I could offer a rental for $10 a night here on tug and folks would try to beat me down to $5

I like to advertise on Craig's list Because it makes my phone ring although I just put an up on TripAdvisor and something new called Weholi
Lately however Ive had my best success providing inventory to other megarenters and travel agencies. They do all the work finding customers and collecting the money I make less than if I did it on my own, but I make it up in volume
 
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