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how many rentals are RCI exchanges?

DannyTS

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I was browsing the Redweek rental section for Disney's Saratoga Springs and i see several that are listed below MFs for this resort, especially if you take into account the listing and Paypal fees etc.

Why anyone do that unless they are not owners and they actually rent out external exchanges?
 
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Could be scammers, could be people with a lot of DVC points who can't use them, could be people breaking the RCI rule of renting exchanges for profit.
If I had a double my Welk points, I could grad 4 summer weeks and would profit off $600/wk rates.

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DannyTS

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the number of rental listings on Redweek:

Saratoga Springs: 33 listings
Animal Kingdom: 7
Old key West:8
Polynesian Villas: 1

We know that RCI only deposits Disney's Saratoga Springs so i suspect that many of the listings for this resort come from RCI
 

TravelTime

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I am not sure they are renting below maintenance fees. I looked up the first one on Redweek and the MFs works out to a little over $1300 and they are asking $2000. You need to be careful when calculating MFs to be sure you are using the right season, the right unit size and the right MF. Also, keep in mind that if someone rolled over points, their “profit” may still be based on last year’s cost per point.
 

rickandcindy23

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Any disclosure of a $190 fee is obviously an RCI exchange rental. DVC owners and their renters do not pay that. If they don't disclose it in the ad, they will disclose it for payment. You have to pay that at check-in. They cannot pay it for you. That is how it works.

Someone close to me works for Redweek, and she knows a lot of these are RCI exchanges. Some people want to get their listings verified, and she has to tell them that Redweek cannot verify an RCI exchange, but you can still list it and rent it without Redweek's verification process. Redweek doesn't want the liability. But then of course Redweek should probably re-consider their stand on that. Perhaps Redweek should have a rule against renting exchanges, but they do get that fee, so they continually allow people to do it.
 

rickandcindy23

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One of those OKW listings is mine. I was able to book studios for five nights and for 7 nights for the period right before Halloween. I keep hoping to get that rented. I can cancel without penalty, if no one rents it. Those exchanges for that period of time are hard to come by. I would say I have a good chance.
 
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the number of rental listings on Redweek:

Saratoga Springs: 33 listings
Animal Kingdom: 7
Old key West:8
Polynesian Villas: 1

We know that RCI only deposits Disney's Saratoga Springs so i suspect that many of the listings for this resort come from RCI
I've seen OKW and Boulder Ridge on RCI for this year. Just fyi.
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montygz

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Disney has been releasing many 1BR SSR units on RCI lately, so it would make sense that people are scooping them up and trying to rent them.
 

DannyTS

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I am not sure they are renting below maintenance fees. I looked up the first one on Redweek and the MFs works out to a little over $1300 and they are asking $2000. You need to be careful when calculating MFs to be sure you are using the right season, the right unit size and the right MF. Also, keep in mind that if someone rolled over points, their “profit” may still be based on last year’s cost per point.
i did not mean that they are all RCI exchanges. But look for example, there is a 1 bedroom in July for $1300. That week requires 227 points for a 1 bdr standard and maintenance fees of $1450.
 

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The MFs are a bit less than you mentioned. Not sure how you are calculating them.

Assuming these are legit rentals, it would not surprise me that owners at SSI would rent out close to or just slightly above MFs. That is typical for timeshares.
 

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I rent a week we own for less than the maintenance fee, and have for years. I do because I've learned that's the most I can get, reliably, and the most you can get, reliably, is better than nothing at all. Come to think of it, that's the case with another week that I rent through the Owners Rental Program, because I reliably get some-but-not-all of our fee back.

That has reduced the bleeding in the 11 years I've been trying to find others to transfer weeks we no longer use to.

It's not all bad news, though. At another resort, I rent for more than our annual fee, and have year-round day use there.
 

TravelTime

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At SSI, $6.40 per point X 213 its for a week in June = $1363. The asking price for a rental is higher than that. In the timeshare world, if you can recoup your MFs, then you are doing well. SSI is the least desirable and has availability even now for the next 2 weeks.
 

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on Redweek, look at the week that starts July 27th, $1300. I think that week is 227 points, this is how i got to $1450 in MF. If you take into account Paypal and Redweek fees, that listing is losing money and i am not even taking into account the initial cost of ownership. It does not make sense to me
 

DannyTS

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I rent a week we own for less than the maintenance fee, and have for years. I do because I've learned that's the most I can get, reliably, and the most you can get, reliably, is better than nothing at all. Come to think of it, that's the case with another week that I rent through the Owners Rental Program, because I reliably get some-but-not-all of our fee back.

That has reduced the bleeding in the 11 years I've been trying to find others to transfer weeks we no longer use to.

It's not all bad news, though. At another resort, I rent for more than our annual fee, and have year-round day use there.
I assume that you are not referring to a DVC resort
 

DannyTS

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Any disclosure of a $190 fee is obviously an RCI exchange rental. DVC owners and their renters do not pay that. If they don't disclose it in the ad, they will disclose it for payment. You have to pay that at check-in. They cannot pay it for you. That is how it works.

Someone close to me works for Redweek, and she knows a lot of these are RCI exchanges. Some people want to get their listings verified, and she has to tell them that Redweek cannot verify an RCI exchange, but you can still list it and rent it without Redweek's verification process. Redweek doesn't want the liability. But then of course Redweek should probably re-consider their stand on that. Perhaps Redweek should have a rule against renting exchanges, but they do get that fee, so they continually allow people to do it.
i see what you are referring to: on Ebay, there is a 1 bedroom that starts September 1st that mentions:
"There is also a mandatory $190 amenities fee payable on arrival to cover resort activities management."

So for sure this is an RCI exchange
 

DannyTS

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by the way, also on Ebay, this seller vacationstrategyllc has 12 listings that mention the $190 resort fee so this seems to be very lucrative for him or her
 

TravelTime

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on Redweek, look at the week that starts July 27th, $1300. I think that week is 227 points, this is how i got to $1450 in MF. If you take into account Paypal and Redweek fees, that listing is losing money and i am not even taking into account the initial cost of ownership. It does not make sense to me

Maybe that person has points that are expiring? Maybe they would rather get something than nothing? That is very common in the timeshare world.
 

TravelTime

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There is no such thing as $190 resort fee so it sounds like a scammer. That might explain everything you have mentioned.
Disney has a $190 resort fee when booked through RCI.

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DannyTS

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frank808

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i did not mean that they are all RCI exchanges. But look for example, there is a 1 bedroom in July for $1300. That week requires 227 points for a 1 bdr standard and maintenance fees of $1450.
The MFs are a bit less than you mentioned. Not sure how you are calculating them.

Assuming these are legit rentals, it would not surprise me that owners at SSI would rent out close to or just slightly above MFs. That is typical for timeshares.
1450÷227=$6.39 a point mf. SSR mf is $6.40 a point for 2019. OKW mf is $7.23 a point for 2019. But why rent your 2019 points when you can just bank them. So if they are 2018 points SSR is $5.86 and OKW is $6.72 mf per point.

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They might not be Disney owners renting them out for the ones that are through RCI. I can get two weeks in a 1BR at SSR for my annual MF of $1450. Plus Id have the exchange fee of $239ish and guest certificate fee of $66 making each week cost me $1025ish. I make the buyer pay the $190 resort fee so anything over $1100 would be a profit for me.

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TravelTime

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on Redweek, look at the week that starts July 27th, $1300. I think that week is 227 points, this is how i got to $1450 in MF. If you take into account Paypal and Redweek fees, that listing is losing money and i am not even taking into account the initial cost of ownership. It does not make sense to me

Most people who rent out their timeshares do so at breakeven or a loss. SSR is not the most desirable of the DVC collection. I guess this is the most the owner can get, assuming this is not an RCI exchange.
 

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