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Two questions about HGVC that were not covered in recent Fantastic article.

Discussion in 'Hilton Grand Vacations Club / HGVC' started by Perrygirl, May 12, 2018.

  1. Perrygirl

    Perrygirl TUG Member

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    The article by moderator is great for someone like me that is researching buying a HGVC property. However, I still have 2 questions that were not covered in that article.
    1) I use my timeshares mostly for rental property. If I buy HGVC in Vegas can I book a unit someplace else and rent that property or can I only rent where I own.
    2) Resale property does not receive what privileges? Please list.
    Thank you ahead of time.
     
  2. GT75

    GT75 Moderator

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    No, you can only rent a home week reservation per the rules.

    Will not qualify for elite privileges.
     
  3. Perrygirl

    Perrygirl TUG Member

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    So I would be able to transfer club points to the Honors points as a resale buyer?

    And according to your article as a resale purchaser, I would pay a ONE TIME fees: enrollment fee of $599, Transfer fee $399 along with activation fee of $399? Right? But each year pay Club dues of $170 for US property?
     
  4. GT75

    GT75 Moderator

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    Yes, but need to look at the "deal". It isn't a good value (IMO), plus you need to convert "next year" points and use next year to get the 1-25 ratio. It is 1-20 ratio for immediate use but must be used immediately to book a hotel reservation. This of course will be a fee to book.

    Elite plus and premier members can convert this year points at 1-25 ratio, anytime with no fee.

    Enrollment/activation fee fee of $599 and ownership change fee of $399. This is a standard resale purchase. Some affiliates are different. Bay Club for example, you don't have to activate or enroll the unit into the club.

    Club dues are $170 this year.
     
  5. Perrygirl

    Perrygirl TUG Member

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    Quite comprehensive. Thanks so much. I am now more educated to make the correct purchase.
     
    GT75 likes this.
  6. Cyberc

    Cyberc TUG Member

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    As @GT75 said per the rules you can only rent your home week. HOWEVER you are allowed to make reservations for friends and family. HGVC don’t know who my friends and family are and how we agree they should compensate us if we make a reservation for them.
     
  7. brp

    brp TUG Member

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    Exactly. I believe it says that the people should be "personally know to you." I personally know quite a few people...and some I've never actually met :)

    Cheers.
     
    Anthony Schmid, Hsahota1 and Sapper like this.
  8. GT75

    GT75 Moderator

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    The OP is specifically asking about using HGVC for rental property. The rules are actually very clear and personally, I like this rule. I really don't want some HGVC owners to become mega-renters like in some other TS systems. I think that this would lead to problems for us regular owners. I really want to only compete fairly with other owners for their personal use during club season.
     
    janckenn and alwysonvac like this.
  9. brp

    brp TUG Member

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    I think there's a difference between those who occasionally may rent our a Club reservation and those doing it as a business. From a principle POV, they're the same (violation of the rules). From an impact standpoint, though, they are quite different. I do understand your position on this. I just don't agree in the "occasional" (and I realize that that's a nebulous term) case.

    And, yes, in the context of buying this solely as a rental property, I agree with you.

    Cheers.
     

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