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Where does the eBay et al resale properties actually come from?

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bendadin

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Unfortunately Many don't know about ovations they will pay 3k-4k to have a exit company take it off their hands. I have bought many deeds from these companies or a third party at less then closing and resort transfer fees. I tried to give some deeds back to Wyndham thru Ovations this year but they wouldn't take them. I was told I needed to own them for 1 year. Listed them on tug and sold them to a preferred Wyndham broker who paid me $$$. The third party buyer was Wyndham. Deeds recorded at 8 am were transferred and recorded 2-3 hours latter to Wyndham. Still smh but it worked out good for me.

Are your contracts still canceled? Or are you still half million points in the negative?
 

chapjim

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If your not a vip and rent in the 60 day window with the 50% discount given. That is 50% less then what it would cost a non vip owner in maintenance fees. $6 x 154,000 or $6 x 77,000.

your = possessive
you're = contraction of you are
 

dgalati

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Are your contracts still canceled? Or are you still half million points in the negative?
615,700 negative for 2019 still. I do have a few deeds in account. Points will zero out Jan 1st of 2020. I also have been able to log back in the Wyndham site and can go to the RCI exchanges login.
 

Grammarhero

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615,700 negative for 2019 still. I do have a few deeds in account. Points will zero out Jan 1st of 2020. I also have been able to log back in the Wyndham site and can go to the RCI exchanges login.

Forgive my relative ignorance. How do you get negative points?


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bendadin

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Forgive my relative ignorance. How do you get negative points?


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From what I can piece together, he gets deeds from people who want out, strips the points, and gives them back to Wyndham stripped.Looks like he has established precedence in this behavior. But that is just what it looks like to me.
 

Grammarhero

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From what I can piece together, he gets deeds from people who want out, strips the points, and gives them back to Wyndham stripped.Looks like he has established precedence in this behavior. But that is just what it looks like to me.

Forgive my ignorance again. Is Wyndham’s Ovations program presuming the points haven’t been used or stripped yet? if you strip or use the points before Ovations, you get a negative balance?


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dgalati

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Forgive my ignorance again. Is Wyndham’s Ovations program presuming the points haven’t been used or stripped yet? if you strip or use the points before Ovations, you get a negative balance?


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New system doesn't recognize that all points have been used for the current year. Bucket of points is empty but when a contract is sold system shows all points going to new owner even if none are available.
 

dgalati

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From what I can piece together, he gets deeds from people who want out, strips the points, and gives them back to Wyndham stripped.Looks like he has established precedence in this behavior. But that is just what it looks like to me.
I personally use the points or transfer points to RCI to be used at a latter date. Then I give the deeds away or sell them with no points available for the current use year. This years pricing has been at the lowest I have seen. I have not used Ovations because you need to own the deed for a year before they will take it back thru Ovations.
 

dgalati

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Forgive my relative ignorance. How do you get negative points?


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Its impossible to use more points then what is available. The new system will not let you do it. You can blame this on Ron lol.
 

HitchHiker71

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New system doesn't recognize that all points have been used for the current year. Bucket of points is empty but when a contract is sold system shows all points going to new owner even if none are available.

So what is the practical effect of this? Are you somehow able to obtain points that were actually used during the current use year by the previous contract owner into your own current use year account? So effectively you are getting free points? Just trying to understand the goal here.
 

HitchHiker71

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If your not a vip and rent in the 60 day window with the 50% discount given. That is 50% less then what it would cost a non vip owner in maintenance fees. $6 x 154,000 or $6 x 77,000.

Hmmm. I've not rented much at all to any third parties to date, but it seems like the vast majority of people who rent, rent well outside of the 60 day discount window, so this use case would apply to a minority of renters.
 

dgalati

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Hmmm. I've not rented much at all to any third parties to date, but it seems like the vast majority of people who rent, rent well outside of the 60 day discount window, so this use case would apply to a minority of renters.
I have made it work for me so I can say I am in that minority of renters. Instead of using 200,000 of my points at a urban location, Midtown 45 as a example, I can rent from a VIP in the 60 day window at $6 x 100,000 points or 1/2 the cost of paying maintenance fees on my points. Its all in the way you want to make it work. Some buy into VIP and pay thousands in maintenance fees a year. If it works for them great. I prefer to pay resale prices on deeds, I also like to rent within the 60 day window if the 50% point discount is passed on to me and if possible pay no maintenance fees on points I have used.
 

Braindead

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Forgive my relative ignorance. How do you get negative points?
From what I can piece together, he gets deeds from people who want out, strips the points, and gives them back to Wyndham stripped.Looks like he has established precedence in this behavior. But that is just what it looks like to me.
Forgive my ignorance again. Is Wyndham’s Ovations program presuming the points haven’t been used or stripped yet? if you strip or use the points before Ovations, you get a negative balance?
I would advise to not take anything that dgalati post as fact!!
It’s clear that he makes false claims

I don’t want anyone to take dgalati post as fact & end up with the opposite result with Wyndham!!!!!!!!!
 

Braindead

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So what is the practical effect of this? Are you somehow able to obtain points that were actually used during the current use year by the previous contract owner into your own current use year account? So effectively you are getting free points? Just trying to understand the goal here.
Same advice for you & all Wyndham owners !!!!!!!!
 

Braindead

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Something for all owners to consider

If dgalati claims are factual, why would he pay rent to VIPs if he can generate free points every year?????
Dgalati claims make no sense to me
 

Grammarhero

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So as I understand it, dgalati gets Wyndham TS for free or close to free, uses or deposits Wyndham pts into RCI, then sells the stripped TS to a Wyndham broker?


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Braindead

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So as I understand it, dgalati gets Wyndham TS for free or close to free, uses or deposits Wyndham pts into RCI, then sells the stripped TS to a Wyndham broker?


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I’m sorry but I think you’re pretty naive if you believe Wyndham allows that to happen
 

chapjim

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Hmmm. I've not rented much at all to any third parties to date, but it seems like the vast majority of people who rent, rent well outside of the 60 day discount window, so this use case would apply to a minority of renters.

Except for a few reservations for high demand weeks, most of my rentals are reservations made inside the 60 day discount/upgrade window.
 

HitchHiker71

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Except for a few reservations for high demand weeks, most of my rentals are reservations made inside the 60 day discount/upgrade window.

And when you do this, what do you charge? Do you charge based upon the 50% points discount times some predetermined amount of $/1000 points? Or do you charge based upon the full points amount and not whatever discounted amount of points, and in the process maximize your rental income?
 

dgalati

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Except for a few reservations for high demand weeks, most of my rentals are reservations made inside the 60 day discount/upgrade window.
Thats getting the most out of the VIP benefit. Do you pass along the 50% discount or does it depend on the customer.
 

chapjim

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Thats getting the most out of the VIP benefit. Do you pass along the 50% discount or does it depend on the customer.

Think about what you are asking!! It can't depend on the customer because when I make and price a reservation, I don't HAVE a customer. I'm hoping to GET a customer!
 
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chapjim

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Thats getting the most out of the VIP benefit. Do you pass along the 50% discount or does it depend on the customer.

Think about what you are asking!! It can't depend on the customer because when I make and price a reservation, I don't HAVE a customer. I'm hoping to GET a customer!

I plug the number of points into a formula that gives me a starting price. Then I check around for similar listings.
 

chapjim

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And when you do this, what do you charge? Do you charge based upon the 50% points discount times some predetermined amount of $/1000 points? Or do you charge based upon the full points amount and not whatever discounted amount of points, and in the process maximize your rental income?

It's a formula price based on the number of points used, but I adjust for the market and for what I think a Dad might be willing to pay. Except for a few high demand or event weeks, I've found that renting "full price" reservations is nearly impossible. "Dad" isn't likely to pay over $3,000 for a week in a 2BR Presidential unit in Clearwater Beach in January. But, I've got one and will list it -- maybe I'm wrong! It will probably be canceled to free up points for a reservation inside the 60 day window.
 
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