How do I rent out my points? Is it profitable?

[rickandcindy23]

Both David’s and Paul at DVC Rental Store have been mentioned here. What are the pros and cons of each company?

Also, what if the renter cancels their reservation. When do you get the remaining 30%?

Renters simply do not cancel. That is something they know they cannot do because David's provides a contract that stipulates no refunds.

If you want a truly hassle-free way of renting your points. I have rented through David, but I have rented myself for more money. There is a hassle in doing it yourself.

 

[TravelTime]

Renters simply do not cancel. That is something they know they cannot do because David's provides a contract that stipulates no refunds.

If you want a truly hassle-free way of renting your points. I have rented through David, but I have rented myself for more money. There is a hassle in doing it yourself.

Do you prefer David’s or DVC Rental Store?

How much of a hassle is it to rent points yourself and where do you post the ads?

Even with David’s or DVC Rental Store, they still require that the DVC member make the dining and magical express reservations. This seems like the most work. I did not ask about FastPass reservations but I assume they would make the DVC member do that too in order to get the 60 month booking window. I wonder why they don’t just have the renter make all their own reservations. What if they want to make a change? Can’t they do it within their own My Disney Experience account? It is linked to their tickets or annual passes, not the resort. So I am confused as to why the DVC member would make all these reservations for the renter. Then we would also need their credit card info.

 

[rickandcindy23]

I have only used David's. I would only rent with him. My experience was good. You do have to add the ME and other reservations, which can be a lot of work, but I haven't had to do much with my past experience. I think I added Magical Express for one couple, and that was it. I rented at least five or six times, so that is not bad.

 

[Firepath]

You might need to add Magical Express, or add the Dining Plan (I think at lease some rental services don't allow that option) if requested, but the renter adds the resort reservation # to their MDE account and reserves all their own dining and Fastpasses.

 

[Dean]

Do you prefer David’s or DVC Rental Store?

How much of a hassle is it to rent points yourself and where do you post the ads?

Even with David’s or DVC Rental Store, they still require that the DVC member make the dining and magical express reservations. This seems like the most work. I did not ask about FastPass reservations but I assume they would make the DVC member do that too in order to get the 60 month booking window. I wonder why they don’t just have the renter make all their own reservations. What if they want to make a change? Can’t they do it within their own My Disney Experience account? It is linked to their tickets or annual passes, not the resort. So I am confused as to why the DVC member would make all these reservations for the renter. Then we would also need their credit card info.

Personally I find it easier to rent points myself. Nowadays I don't advertise, I have enough people I've rented to previously that contact me that I rent all I need to that way. I also downsized years ago from a high of 885 points to 432 now, sold off all my OKW points (contracts of 270, 232 & 50). With the higher points costs of the newer resorts and less exchange options, I likely will rent less and use more in the future.

The renter can make their own Fast Pass and dining reservations but the owner has to add the dining plan if applicable. They can also add ME on their own once the reservation is in their name. When I rent, I normally just email DVC and give them the ME info and let them make it.

 

[bhrungo]

Do you own at Grand Cal? I am able to get studios with no problem. I decided a few days ago I did not want the studio and switched to a 1 bedroom. I have never had any problems booking my home resorts so far. I just switched Aulani to different dates and got exactly what I wanted. I think as long as they are your home resorts, it is not a problem.

I would LOVE to rent at the Grand Californian. What would it cost for a week in a studio or 1 bedroom?

 

[Dean]

I would LOVE to rent at the Grand Californian. What would it cost for a week in a studio or 1 bedroom?

It depends on the time of year but round numbers about $3K for a studio and double that for a 1 BR for a week, maybe more in some cases.

 

[Deb & Bill]

I would LOVE to rent at the Grand Californian. What would it cost for a week in a studio or 1 bedroom?

You need to have an owner there lined up before 11 months out to book GCV. It books up very quickly with the limited number of villas there. Just 48 total. 23 dedicated two bedrooms, 23 lock off two bedrooms, two grand villas.

 

[Deb & Bill]

The points I have were banked and need to be used by Nov 30 because of my use year. If I don’t use them myself or rent them, I guess I will deposit to RCI. It is probably too late to figure how safely rent on my own. Thanks for any other thoughts...

I hope you got something booked about when you posted because availability is slim for 2018 and into 2019 already. If you didn't get something booked, you may need to consider those points lost.

 

[noreenkate]

Both David’s and Paul at DVC Rental Store have been mentioned here. What are the pros and cons of each company?

Also, what if the renter cancels their reservation. When do you get the remaining 30%?

Understand that. I prefer to have Davids look after renting my points. It is completely Worry Free. They look after Everything. I have no problem waiting to get the extra 30%. It goes towards the MF's. Everyone has their preferences and they are all good.

I recently contacted both companies about possibly renting out a confirmed reservation that was booked for friends that cannot go.

Both companies required ACCESS TO MY MEMBERSHIP! NOPE! not comfortable at all.

For me, that was a deal breaker, no way am I allowing anyone accesses to my account to make changes.
- looks like we are doing an extra trip at Thanksgiving.

 

[TravelTime]

I recently contacted both companies about possibly renting out a confirmed reservation that was booked for friends that cannot go.

Both companies required ACCESS TO MY MEMBERSHIP! NOPE! not comfortable at all.

For me, that was a deal breaker, no way am I allowing anyone accesses to my account to make changes.
- looks like we are doing an extra trip at Thanksgiving.

What do you mean by these companies being a deal broker? They do access your account but there is not much they can do with it and they are both reputable so I would think it is okay.

 

[elaine]

With access they can cancel or change anything. Even if it just by mistake, I’m also not comfortable with that.
Do they need that also for making reservations or just confirmed ones?
I have a confirmed reservation dvc hhi for next summer. I think I’ll just post it on another website and rent directly.

 

[chriskre]

What do you mean by these companies being a deal broker? They do access your account but there is not much they can do with it and they are both reputable so I would think it is okay.

I did not have to do any dining plan reservations.
I had several different renters so maybe none of them wanted it but
I was never asked to. Not sure if Paul was able to do it as I let him
do the searching for the units as well. You can choose to do the
searching yourself or give them access to the account to do it themselves.

I did not want to work hard at this process at all plus not have to compete
with other sellers when the emails go out. Who has time for that unless
you are getting the full money for those points. Worked for me.
I'll probably do it again next year if I don't go back to WDW.
My annual pass expires in October so I am only doing EOY passes now.

 

[noreenkate]

What do you mean by these companies being a deal broker? They do access your account but there is not much they can do with it and they are both reputable so I would think it is okay.

Deal breaker

If your comfortable using them great-
I am not. Especially with reservations 6 weeks before and 6weeks after.

Not saying they aren’t well established businesses but that I don’t feel comfortable giving access to my account.

The OP asked about cons-
I gave my opinion.

 

[TravelTime]

I need to learn how to do my own rentals for weeks and points I can’t use myself. Any advice?

 

[TravelTime]

Deal breaker

If your comfortable using them great-
I am not. Especially with reservations 6 weeks before and 6weeks after.

Not saying they aren’t well established businesses but that I don’t feel comfortable giving access to my account.

The OP asked about cons-
I gave my opinion.

Yes I agree now. Just had a bad experience with DVC Rental Store. I do not trust them at all. I am not going to post the details but if anyone wants to know what happened, send me a private message before considering this company.