Ive been a non owner for a while now but am advising a friend regarding a purchase. Her primary use will be for her own vacations, but she hopes to do some rentals to offset some of her fees her fees. In a perfect world she will own 50000 credits and make 3 reservations (30000 credits) for rent. leaving 20000 credits for herself. Hopefully the 3 rentals will generate enough income to cover the fees on all 50000 credits... Thats where I come in
So my question goes to how the new guest certificate rules work
Do I have this right.
1) no guest cert is needed for the owners reservation (when she will occupy the unit) and if there was a second owner on the account a duplicate or overlapping reservation can be made for the second owner. In either or both cases the owners have to check in
2) additional duplicate or overlapping reservations require a guest certificate at the time the reservation is made
3) each account gets 1 "free" guest certificate for every 10000 credits (or fraction thereof) additional guest certificates cost $99 (online) more with a phone call
4) a guests name can be changed right up to check in, but a new guest means another guest certificate
So in my friends case if she made one 20000 credit reservations for herself and three 10000 credit reservations for guests, she has enough "free" guest certificates to do that, (with two left over) and if she needs to change the names on three of her rentals she can do that with the 2 guest certificates she has left and $99 for the third one
and if I was back in business doing 50 Mardi Gras reservations with my 500000 credits. I could make the reservations and add 50 guests names (made up names) at no cost then when I get a paying customer I could add their name for $99. And if I was to change my business model and make one (and only one) reservation for every week of the season at Seaside, I could leave my name on the reservations until my advertising found a customer, and then add their name using one of my free guest certs.
Do I have this thing right, or an I missing something
So my question goes to how the new guest certificate rules work
Do I have this right.
1) no guest cert is needed for the owners reservation (when she will occupy the unit) and if there was a second owner on the account a duplicate or overlapping reservation can be made for the second owner. In either or both cases the owners have to check in
2) additional duplicate or overlapping reservations require a guest certificate at the time the reservation is made
3) each account gets 1 "free" guest certificate for every 10000 credits (or fraction thereof) additional guest certificates cost $99 (online) more with a phone call
4) a guests name can be changed right up to check in, but a new guest means another guest certificate
So in my friends case if she made one 20000 credit reservations for herself and three 10000 credit reservations for guests, she has enough "free" guest certificates to do that, (with two left over) and if she needs to change the names on three of her rentals she can do that with the 2 guest certificates she has left and $99 for the third one
and if I was back in business doing 50 Mardi Gras reservations with my 500000 credits. I could make the reservations and add 50 guests names (made up names) at no cost then when I get a paying customer I could add their name for $99. And if I was to change my business model and make one (and only one) reservation for every week of the season at Seaside, I could leave my name on the reservations until my advertising found a customer, and then add their name using one of my free guest certs.
Do I have this thing right, or an I missing something