mauitraveler
TUG Member
TXTortoise, Thanks for sharing your experience with your rentals. I certainly do not have the nerves of steel that are required to wait as long as you did for your rentals to come through! Just out of curiosity, how would you have handled the reservation, if a unit did not get rented? Would you still have been able to deposit it into I.I.? I'm still learning the ins and outs of renting... TIA CJA data point or two, that I'm not quite sure what to make of....and it may be solely for the Hawaii/Maui market.
I only rent my weeks through Vacation Candy at the moment. They said that the trend this past year has been for rentals to occur much later, i.e., closer to check-in than years past. This was also confirmed by a Maui rental agent that moves hundreds of timeshare and full ownership condo weeks each year. He said the market is trending to bookings inside 60 days. He said weeks are booking way out, with a big lull, then inside 60 days.
So that said...
2019...
Week 9 Lahaina OF Studio - Rented last summer (Full rate at $3500 gross)
Week 7 President's Week Lahaina 2BR OF - Rented 30 days out (Discounted into mid $4s)
Week 16 Lahaina 2BR not rented, Locked Off - Studio Rented at 10 days out; 2-days later someone wanted the 2BR; then 1BR rented Friday before check-in...both highly discounted, but still exceeded MP.
2020...
Week 9 Lahaina 2BR - Rented yesterday at over $6K gross.
Hoping 2019 was a very weird year...
3. Once a renter is found, I send contract for signature.
As mentioned above, I'm going to look into Adobe Sign, which is what VC uses. Seems pretty slick and if the first ten are free, would be worthwhile to streamline the process.