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Redweek Fees for MVC Rental for Unit Owner

WBP

WBP

TUG Member
Joined
Jun 6, 2005
Messages
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I hadn’t looked at www.redweek.com for a long time, until today. I was shocked to see that www.redweek.com is now charging a $99.00 fee, when a unit is rented, in addition to their $49.99 Self Service Listing fee (valid, for 6 months), and $18.99 annual membership fee.

I’ve searched TUG for postings about this latest cash-grab by www.redweek.com, and, to my surprise, there is not a lot of dialogue on this subject/fee.

Does anyone know when this fee was added to www.redweek.com’s rental fees, and how it was marketed/justified? I’ve searched www.redweek.com, and don’t see a lot of history/information.

Thank you.
 
On a DIY rental, you only pay the listing fee. Make sure you are logged into “Classic” mode.


Sent from my iPhone using Tapatalk
 
It just happened to me. I list with DIY method for $49.99. This year it was getting close to checkin on two rentals so I lowered the price. Redweek made an offer on one for the new price but up front they said they would charge the $100 fee. I agreed. I wouldn't rent with them other than the DIY method but if it gets close again next year I'd accept.
 
To get to "Classic Mode," on the landing page, click on "Post Your Timeshare" and select "Rent My Timeshare." Beneath the menu where you originally clicked "Post Your Timeshare," you'll see in VERY small print the following:

You're using our new posting wizard. Click here to switch back to our classic pricing table.

Click where it says "Click here" and you'll see the "classic" pricing model.
 
Red Week Services - I have used Red Week for a number of years and note the changes over time. I have a number of listings this year at the $60 full service level with the $99 success fee. I am fully engaged with Red Week and find them to be very good and I do not regard their fees as excessive. Believe me, if I thought I could do it better myself or with another service for less expense with better postings and service, I would be there. They have been extraordinarily responsive to my listings and I like their formats - they earn their fees from me.

Incidentally, I have had 6 rental contracts in place over the past two weeks - it works for me.
 
DRH90277 said:
Red Week Services...They have been extraordinarily responsive to my listings and I like their formats - they earn their fees from me.

Incidentally, I have had 6 rental contracts in place over the past two weeks - it works for me.
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My experiences have been similar. But then again in no way am I seeking to make money from my Redweek listings - I've used them when I've bought a timeshare that 'came with' a week I couldn't use or because I have a reservation that I unexpectedly can't use. I've found Redweek to be quite responsive and had no difficulty finding renters for my listings that covered my MFs. But YMMV.
 
I have had a few that didn't rent with verify/ protect and were priced pretty well compared to others for the same dates.

I cancelled one after I rented the larger half of the lockoff myself. Now I have a studio left that I am trying to rent without verify/ protect. I may add it, not sure I want to pay for the service to just get a lowball price. I have already reduced the studio to a ridiculously low price to rent DIY.
 
Busy today, rented two more timeshare reservations. Still ok with paying $60 plus a $99 success fee for full-service rentals.
 
DRH90277 said:
Busy today, rented two more timeshare reservations. Still ok with paying $60 plus a $99 success fee for full-service rentals.
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What are you renting?
 
rickandcindy23 said:
What are you renting?
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We could communicate directly if you like. Nothing special other than not being greedy and being willing to pay for good resources.
 
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DRH90277 said:
Busy today, rented two more timeshare reservations. Still ok with paying $60 plus a $99 success fee for full-service rentals.
Click to expand...


I find a lot of the searchers (looking for a rental) prefer using the full service option. Somehow they feel very comfortable knowing that Redweek will diligently hold their funds until such time as the rental begins. Many times they trust Redweek but they don't trust the listing individual renting the week.









.
 
TheTimeTraveler said:
I find a lot of the searchers (looking for a rental) prefer using the full service option. Somehow they feel very comfortable knowing that Redweek will diligently hold their funds until such time as the rental begins. Many times they trust Redweek but they don't trust the listing individual renting the week.
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It also helps that the full service (verified and protected) units show up at the top of the default view when viewing available rentals. Many people don't scroll down far enough to see the DIY listings and don't change the default view to be by date.
 
dioxide45 said:
It also helps that the full service (verified and protected) units show up at the top of the default view when viewing available rentals. Many people don't scroll down far enough to see the DIY listings and don't change the default view to be by date.
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That maybe the case but I have even written in the description of my ad that renting directly from the owner would be possible and suggest they contact me. Serious renters still go through Redweek and pay fees. Ones offering 1/2 of what I’m asking send me a message.
 
I feel renters are more comfortable dealing with Redweek and knowing they are holding their funds until they arrive and successfully check in. I am totally fine with the $99 success fee in addition to the $49 listing fee. Certainly cheaper than the 20% fee that the agency I used to use charged. With them I got the funds immediately (minus their 20% fee of course) but I don't need the money right away. No issue waiting for payment. And from what I can tell, my rentals rent faster than DIY rentals when listed at the same price.
 
If you use the full service option and the unit is rented 6 months before checkin does Redweek then remove the ad? Does Redweek charge the renter any additional fee in addition to the advertised price? Redweek picked up one of my DIY rentals recently and it went smoothly. I wasn't concerned about not being paid until checkin as it was less than 60 days out. Now they are going to report the rental to the IRS and I'll have to pay tax on the income next year. Can I deduct the MF? I'll ask my tax guy next month but I have a feeling he won't know too much about TS rentals. I do not use any of my weeks for personal use, they are all rentals and have been for the last 4-5 years.
 
jimf41 said:
If you use the full service option and the unit is rented 6 months before checkin does Redweek then remove the ad? Does Redweek charge the renter any additional fee in addition to the advertised price? Redweek picked up one of my DIY rentals recently and it went smoothly. I wasn't concerned about not being paid until checkin as it was less than 60 days out. Now they are going to report the rental to the IRS and I'll have to pay tax on the income next year. Can I deduct the MF? I'll ask my tax guy next month but I have a feeling he won't know too much about TS rentals. I do not use any of my weeks for personal use, they are all rentals and have been for the last 4-5 years.
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Full service listings are good until rented. Not a 6-month listing like DIY. The renter pays a 10% fee for protected. This covers credit card merchant fees and additional Redweek profit.
 
Quilter said:
I have even written in the description of my ad that renting directly from the owner would be possible and suggest they contact me
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You do that in a V&P or in a "Managed" listing? Doesnt redwk automatically search / read that in the text and disallow it?
 
jimf41 said:
If you use the full service option and the unit is rented 6 months before checkin does Redweek then remove the ad? Does Redweek charge the renter any additional fee in addition to the advertised price? Redweek picked up one of my DIY rentals recently and it went smoothly. I wasn't concerned about not being paid until checkin as it was less than 60 days out. Now they are going to report the rental to the IRS and I'll have to pay tax on the income next year. Can I deduct the MF? I'll ask my tax guy next month but I have a feeling he won't know too much about TS rentals. I do not use any of my weeks for personal use, they are all rentals and have been for the last 4-5 years.
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Technically, you were always legally obligated to report the rental income to the IRS and pay taxes on it whether or not Redweek sent a 1099. But yes, the MFs should be deductible as a business expense, along with any costs you paid to get the weeks rented, such as the Redweek fees.
 
I don't think the V&P status does much quite frankly. IMO most will still go for the lowest price. I believe only a small percentage, don't search for specific date and/or aren't aware they need to scroll down to see all the listings, or prefer paying several hundred dollars, sometimes over $700, to work through RW.
 
MOXJO7282 said:
I don't think the V&P status does much quite frankly. IMO most will still go for the lowest price. I believe only a small percentage, don't search for specific date and/or aren't aware they need to scroll down to see all the listings, or prefer paying several hundred dollars, sometimes over $700, to work through RW.
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It’s been a long time since I've rented anything on Redweek that I couldn't "View/Book" immediately. Perhaps others feel otherwise, but why go through the hassle of dealing with an owner if you don’t have to?
 
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ljmiii said:
Maybe once upon a time but no more. Actually, it's been a long time since I've rented anything on Redweek that I couldn't "View/Book" immediately. Why go through the hassle of dealing with an owner?
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I agree, my worry with rentals has always been that something would go wrong, and a guest would show up without a reservation. So, I made sure this never happened, but the worry was there. Now, I rely on Redweek processes for comfort.

I'm not really in the timeshare rental business by choice but we have excess points and weeks each year - so they become rentals. If marketed right, our maintenance fees are covered, and we still have plenty of reservations for our reunions and other needs.

This year, I have gone with the $59.95 full service Redweek service with my involvement being only to set and monitor the rental rate, provide the reservation, change the guest's name, and accept the remittance when it comes. Five of my 6 spring break rentals are under contract and summer rentals are filling up nicely.

One other thing, I started stepping into the upgraded Redweek services last year due to Redweek's willingness to collect and remit the local taxes on OceanWatch and Hilton Head reservations to the taxing authority. I know that some renters do not pay over these taxes at their and the guest's peril - this is not my way.
 
ljmiii said:
It’s been a long time since I've rented anything on Redweek that I couldn't "View/Book" immediately. Perhaps others feel otherwise, but why go through the hassle of dealing with an owner if you don’t have to?
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Why? Save at least 10% booking fee.
 
dioxide45 said:
Why? Save at least 10% booking fee.
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My fees to Redweek are about 6% of the rental revenue and my rentals are being booked. My rentals are also priced to rent and they do. Never had a complaint from a renter about what they pay in fees to Redweek.
 
DRH90277 said:
My fees to Redweek are about 6% of the rental revenue and my rentals are being booked. My rentals are also priced to rent and they do. Never had a complaint from a renter about what they pay in fees to Redweek.
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It makes sense but I was simply answering your question as to why some people might bother to work directly with an owner. How much you pay to Redweek when you rent out your week means nothing to the renter. That 10% fee can be pretty big depending on the amount of the rental.

It is possible that if those same guests knew about some DIY listings, they might not be okay with the additional fees they pay to Redweek.
 
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