Do any Marriott "MegaRenters" exist?

[Slinger]

I know that for Wyndham there are "points managers" and some that would be considered "MegaRenters" owning or managing tens (or hundreds) of millions of points, but is there such a thing in the Marriott system?

Is there anyone that owns to rent, say 100 weeks? 200 weeks?

I know that if there is, this info wouldn't be public or likely be shared in public. So feel free to send me a PM if you know of someone that may fit this bill. I have a few questions and perhaps a proposal if things make sense for both sides.


Thanks in advance everyone!

 

[GregT]

We have a couple guys on VPE that appear to have very large point positions based on their fractional owership of Grande Residences Lake Tahoe.

Is that what you mean?

Best,

Greg

 

[dioxide45]

The problem is that there is no real cheap way to get in to Marriott DC points in order to be profitable. Unless you owned a lot of legacy points, you simply can't compete in the rental market. This is why the mega point owners from fractionals can do well. I suspect they have a decent MF per point ratio. The MFs on DC points are simply too high to compete against those that are able to rent cheaper legacy points.

 

[Slinger]

I own 5 Marriott deeded weeks that I rent out.

There are others here that do so with 10-20 weeks.

I am looking for someone that does what I and others do but with a much larger number of deeded weeks.

 

[MOXJO7282]

We own hoping soon 26 Marriott weeks. If my latest Maui unit passes ROFR it will be 9 Maui 2BDRM OV/OFs, 11 HHI, 3 MOWs, 2 NCVs and 1 Boston Custom house.

I recently had a interesting conversation with a Marriott CSR and asked her how many owners did she see that had the same or more than I had. She said not many at all but did say she knew a guy who owned over 120 units and he would create year long strings of reservations and actually has them into 2019. I asked what he owned and said it was alot of Maui and NCVs.

Obviously Marriott knows this person and what they do with their weeks so they must not care. Here I am worried they'd give me a hard time as I got a little bigger and someone has 120+ weeks. i also know someone who owns 2 million DC points.

 

[Beachspace]

I've read reports from several people who own 20-30 weeks at places like Aruba. I even made a thread about why people own 20 weeks or more at Aruba, apparently it's not that uncommon to meet people that own that many weeks.

Regarding 1 million points, there was a guy that owned 1.2 million points with Wyndham that I was going to bid on eBay. He wanted too much money and couldn't guarantee that you would get the platinum status if you spent the asking price he wanted.

I did the math recently and I think it is like 72,000 a year (MF) if you wanted to live in various vacations clubs year round (4 months Orlando, 4 months Tahoe, 4 months Caribbean/Boston), every year. That's about 6000 a year in "rent ", which would be the equivalent of renting a $1 million house in Miami, given our rental market here, maybe a little higher priced place.

 

[Slinger]

Thanks for the input. I knew there had to be 1 or 2 big weeks owners that exist. Just hard to find and get ahold of those types of people.

I thought I'd try however.

 

[MOXJO7282]

Our dream is not a full year of Maui but just a solid month. In our plan we will rent some of out units to pay for 100% or close to our entire stay. This is our dream scenario. Use 4 of our OV units in the 1BDRM section and rent the remaining 4 OF units, our 5th OV and 2 of the OV studios with the hope that the kids join us for 2 of the 4 studios. That should get us close to the MFs we pay for 9 weeks.

Question for the OP, what exactly are you looking to understand?

 

[Slinger]

Understand? Nothing.

I am looking to network with large players in the timeshare rental game/business.

Maybe I wasn't so clear in my original post. My apologies.

 

[frank808]

We have a couple guys on VPE that appear to have very large point positions based on their fractional owership of Grande Residences Lake Tahoe.

Is that what you mean?

Best,

Greg

There is tim that is a broker for owners at grand residences. He also rents weeks for owners at grand residences. Also rents dc points for weeks owners that have converted their grand residence to points.

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[frank808]

i also know someone who owns 2 million DC points.

Is it an owner that owns just pure points or is it enrolled weeks that could convert to dc points?


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[MOXJO7282]

Understand? Nothing.

I am looking to network with large players in the timeshare rental game/business.

Maybe I wasn't so clear in my original post. My apologies.

Ok got it. Can i ask about your portfolio? Are you a Mega-renter or looking to become one? Or you a person who just knows how do get things done? Just curious. You don't have to divulge your objective if you don't want to.

 

[MOXJO7282]

Is it an owner that owns just pure points or is it enrolled weeks that could convert to dc points?


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Not sure on that. Either way that is a huge investment in the Marriott system, much more than me and I've invested over $600k when you add up all the purchase and maintenance fees paid over 15 years of doing this.

 

[Slinger]

Ok got it. Can i ask about your portfolio? Are you a Mega-renter or looking to become one? Or you a person who just knows how do get things done? Just curious. You don't have to divulge your objective if you don't want to.

Mega-renter? No no no. I do intend to add units/weeks to my portfolio sure, but don't see myself gathering 100-200+ weeks. Not the goal or plan at this time anyway. Who knows what the future may bring?

I do get things done and am hoping to network with a few big time renters (1-2 form each brand) in order to form some mutually beneficial relationships that would help both them and myself out.

 

[Hi I'm new here]

You are talking a huge amount of money spent on Marriott vacation points. Take the cash and purchase Real estate, income property that will actually be worth more than you paid for it. The properties also become cash cows.

 

[frank808]

Not sure on that. Either way that is a huge investment in the Marriott system, much more than me and I've invested over $600k when you add up all the purchase and maintenance fees paid over 15 years of doing this.

Yes 2mil dc points, if not weeks conversion, is at least 16 mil to purchase. Even if it was a conversion from pre 2010 weeks you are looking at least 6 mil. This assuming he bought 250 moc weeks worth about 8000 dc points a week. Can't see how it would work for renting with maintenance fees. I figure if you had that kind of money you wouldnt be doing this for personal use as you could buy 2 very nice homes on each coast for that kind of money.

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[Quadmaniac]

Not sure on that. Either way that is a huge investment in the Marriott system, much more than me and I've invested over $600k when you add up all the purchase and maintenance fees paid over 15 years of doing this.

Wow! that is amazing!!!!

 

[MOXJO7282]

Yes 2mil dc points, if not weeks conversion, is at least 16 mil to purchase. Even if it was a conversion from pre 2010 weeks you are looking at least 6 mil. This assuming he bought 250 moc weeks worth about 8000 dc points a week. Can't see how it would work for renting with maintenance fees. I figure if you had that kind of money you wouldnt be doing this for personal use as you could buy 2 very nice homes on each coast for that kind of money.

This is my thinking also. I know it can be done though because I'm doing it successfully on a much smaller scale so I'm sure it can work on a larger scale but it would be a full time job and you run the chance of running afoul with Marriott. I'm doing it because I don't have the big dollars to buy an OF house on Maui or HHI so this is my way of owning our own slice of paradise but if I had the money that 120 weeks or 2M DC points would require I would buy a vacation home in both locations and use and rent those and I would think you could do even better than $2k profit per week that I make with my Maui OF units.

 

[Slinger]

I agree moxjo7282. I do it even on a smaller scale than you successfully.

Regardless, that (or vacation rentals) is NOT the point or objective of this post.

It's:
Do these people exist and how could a regular guy like me find/contact them.

 

[Sunbum]

I have been told by MVCI that a couple of companies own 80 + weeks at the Aruba Ocean Club.

 

[Beachspace]

I have been told by MVCI that a couple of companies own 80 + weeks at the Aruba Ocean Club.

Yeah, I guess they have a rental business targeting New Yorkers/Boston'ers?

 

[Slinger]

80+ weeks.....getting warmer.


Beachspace, why would owning at Aruba be targeting NY/Bostoners?

 

[frank808]

This is my thinking also. I know it can be done though because I'm doing it successfully on a much smaller scale so I'm sure it can work on a larger scale but it would be a full time job and you run the chance of running afoul with Marriott. I'm doing it because I don't have the big dollars to buy an OF house on Maui or HHI so this is my way of owning our own slice of paradise but if I had the money that 120 weeks or 2M DC points would require I would buy a vacation home in both locations and use and rent those and I would think you could do even better than $2k profit per week that I make with my Maui OF units.

Didn't mean that it wouldn't work to cover mainetance fees. Meant trying to rent that many weeks would take to much time. If you had that kind of money you would not be using this as rentals. Time is money. And you can make better money by owning your own home on each coast for the same outlay in cash.

What makes wyndham attractive is the low upfront cost and the platinum discount and upgrade feature within 60 days.

Sorry if this is off topic but i was just rationalizing why there will not be mega renters like wyndham. Reasons being high upfront costs, high maintenance fees and a lot of time and effort unless you are a broker. I only know of one broker that does this and it is mostly for grand residence owners that have converted weeks to dc points. As our maintenance fees for dc points is less than the 50 cents a point that trust owners pay.

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[Slinger]

I understand your perspective and appreciate your input.

As humans, sometimes people do things that make sense to them and not to others. Though it may be unlikely or not probable to find a Marriott Mega-Renter, there may very well be one or two.

 

[frank808]

I understand your perspective and appreciate your input.

As humans, sometimes people do things that make sense to them and not to others. Though it may be unlikely or not probable to find a Marriott Mega-Renter, there may very well be one or two.

Well there is one mega broker for sure.

Would love to know of a mega renter doing it on their own as i want to understand their rationale. I know of a couple individuals that own 52 or more weeks but they mainly use their weeks. Then they rent out weeks that they can't use. But no one i know or read about does it full time. They mostly have agents rent their weeks. They might try to rent a few of their weeks directly but a majority of their rental weeks is through various agents.

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