[ 2007 ] SVO Rental Thread

[pointsjunkie]

[Please use the pm function for this. - DeniseM TUG Moderator]

 

[tomandrobin]

This is my first time posting on this site, so I do apologize in advance if this issue has already been discussed.

I am trying to locate a rental/exchange forum for SVN owners. Specifically, I own one week in Hawaii but live on the East Coast, so for some years I would rather vacation closer to home. Rather than going through Interval or Starwood directly, I would love to find other SVN owners who may own properties on the East Coast or in the mountains and swap with them.

[Specifics deleted to comply with the TUG no-advertising rule - DeniseM Moderator]

Does anyone know whether this type of forum exists? And if not, would others be interested?

Thank you.

Welcome to the Starwood forum and Tug!!

You can post an exchange/rental ad here on Tug at the tug marketplace. Its free for registered users. Also, you can try redweek.

 

[DeniseM]

Welcome to TUG!

We have a strict no-advertising rule on TUG, so I edited some details out of your post, but we have a section in the free TUG Marketplace for direct swaps. Please click on Marketplace in the red bar at the top of the page.

 

[ALapter]

Welcome to the Starwood forum and Tug!!

You can post an exchange/rental ad here on Tug at the tug marketplace. Its free for registered users. Also, you can try redweek.

Thank you for the information. I will take a look.

 

[ALapter]

Thank you for the information. I will take a look.

 

[pointsjunkie]

[Please use the pm function for this. - DeniseM TUG Moderator]

sorry couldn't find his PM listed because he is a guest.

 

[DeniseM]

sorry couldn't find his PM listed because he is a guest.

All you have to do is click on his (or anyone's) blue user name and you can send them a PM or email - even to a guest.

 

[labonnevie]

WKORV Rental

Doesn't seem to be much in the way of recent rental price updates here, so I hope this is the right thread.
We just rented our WKORV 1 bedroom premium oceanview for October 2nd at a price of $2325.
I followed all of the advice on TUG and set up a website (thanks Denise for your ideas here), at
[link deleted - DeniseM]
wrote a contract, etc.
Listed it on craigslist - sf and la, but got only spam responses although quite a few people did link to the website.
Actually rented it by doing an email blast to everyone on my contacts list.
The renter had been on a cruise with us 2 years ago - you just never know!
I feel like we got lucky, that the craigslist route would not have gotten it rented.

 

[DeniseM]

Congratulations! That is a very good rental price for a 1 bdm.!

 

[ginja]

First time trying to rent my unit need help

I was planning on going to our WKORVN OF unit spring break 2011 but only want to use the 1 bdrm side and wanted to rent out the studio side. Wasn't sure if I should book the whole 2 bedroom unit and then add renter on as guest or make 2 separate reservations one right after the other for the same day (does Starwood let you do that?) or book 1 side for a Sat. arrival on one side for a different day arrival. I gues my main concern is if I add renter as guest an I am staying there too, how would I prevent them from charging things to the room I don't want to get our charges for drinks and meals combinded.

 

[DeniseM]

You do not have to rent the same week you are there. I would book a high demand week, like maybe the 4th of July and advertise it, along with a statement that other weeks are available.

When you rent it, you will have Starwood Owner Services send the renter a confirmation in their own name, and they will check themselves in with their own credit card.

To avoid complications, I wouldn't even let them know I was there, if they happen to choose the same week you are there. If they have issues, the resort should deal with them, not you.

Question - why don't you own week 50?

 

[ginja]

Rental questions

I was planning on going spring break to Hawaii and figured if I couldn't rent the studio side we would just spread out and use the whole unit. Considering the economy and the fact its first time I'm trying to rent I don't want to chance reserving a week that I wouldn't be able to use even if it was a highly desirable week since there would be a chance that week it would just sit empty. So what would be the best way to set up reserving the 2 halves. If I call a year in advance for the 1 bedroom do I hang up and make a separate reservation for the studio?

 

[DeniseM]

No - on the same call, tell them you want to reserve both sides, but you intend for a guest to use the studio side, and you want two different confirmations. Later, when you have your renter's name, you can call back and have a confirmation sent to them, in their own name.

 

[DavidnRobin]

bump with a rental data point...

A friend of mine just rented a 2Bd LO WKORVN OF villa for $2600 (7 nites - 6 of them) from an Owner off of Redweek. It worked out for her because it was the exact time they wanted to go (late June). I recommend that she negotiated the price because the Owner already had these dates reserved, and outside of his 8-month window for changes for 2010, but she didn't want to haggle.

They were about to rent from a West Maui Hotel for 5 nites at a cost of $650 per nite - luckily she mentioned it to me before she committed. Unfortunately - the flights to OGG from SFO (and LAX) are expensive at this time.

 

[DeniseM]

Good for her, but not good for owners. Isn't this less than your MF, David?

 

[DavidnRobin]

Good for her, but not good for owners. Isn't this less than your MF, David?

This was for an OF villa at WKORV-North (we own south) - if I recall correctly the MFs are around $2500-$2600 - so this Owner broke even.

We use the 1Bd side of our Deluxe OF at WKORV-south, and rent out the studio side to have cover some of the MFs (less and less every year - sadly).

 

[DeniseM]

This was for an OF villa at WKORV-North (we own south) - if I recall correctly the MFs are around $2200 (?) - so this Owner made a few hundred dollars.

I missed that it was WKORVN - the MF is $2479.60, so they barely covered it. Hardly worth renting!

 

[DavidnRobin]

I missed that it was WKORVN - the MF is $2479.60, so they barely covered it. Hardly worth renting!

I was wrong in my estimate of WKORVN MFs (corrected) - if the Owner planned to use the villa, then couldn't - getting back what you paid in MFs is a lot better than losing money (for sure), or having to II exchange it for an assumingly lessor villa (or SP convert it for 80K SPs - ouch). These villas sold (via SVO) for around $70K.

The Owner told my friend that is what he paid for it and was the price was firm. I told him about TUG (it was me who contacted him for her because I have a RW account) - not sure if he ever bothered to lurk here.

I do not know the Owner's situation - but (at one point) I would have been happy to rent our 2 weeks at WSJ for our MFs but got no takers (a few inquiries, but no follow-up) - we decided to go.

 

[YYJMSP]

Unfortunately - the flights to OGG from SFO (and LAX) are expensive at this time.

My cousin from SFO is joining up with us at WKORV in Jul -- we found that if she went from SJC, it was almost $300 cheaper per person to fly to OGG (on Delta/Alaska) than from SFO.

 

[tomandrobin]

I do not know the Owner's situation - but (at one point) I would have been happy to rent our 2 weeks at WSJ for our MFs but got no takers (a few inquiries, but no follow-up) - we decided to go.

Not sure if I mention this before, and right now I am too lazy to search, but we traded our 2010 St John week, for a WKORV week in July.

 

[DavidnRobin]

I think I recall you saying you did.

Someday I would like to go to HRA during the 1st week of January (poker tourney at Atlantis) - maybe I can exchange into using one of our VOIs. I just need a 1Bd. What do you think would be easier - direct or SVN?

 

[jerseygirl]

I would think you can get a 1-BR through SVN for the first week of January (post NY's week). The weather isn't necessarily great (cold water) so those who really enjoy the water attractions probably aren't clamoring to visit at that time of year. Having said that, I will stand corrected if a lot of owners are into the poker tournament!

 

[tomandrobin]

I would think you can get a 1-BR through SVN for the first week of January (post NY's week). The weather isn't necessarily great (cold water) so those who really enjoy the water attractions probably aren't clamoring to visit at that time of year. Having said that, I will stand corrected if a lot of owners are into the poker tournament!

I will agree with JerseyGirl....The first few weeks in January probably has the same travel demand as early June. There is some availability, but not a lot and not for every day. Also, it will take a 9am phone call...7 months out.

 

[DavidnRobin]

bumpity bump...

I just rented both of our weeks at WKV (1Bd Prem/Plat) for 2011 via RedWeek (had it listed on TUG and MRN as well). The renter wanted Prez Day week for both villas - so I changed it from our original weeks reserved for March. No charge or hassle with SVO - very efficient (and made a location request...). Used PayPal.

Nice thing about owning WKV is that it is a great rental during Spring Training.

Now just need to rent our OF studio at WKORV that I reserved for 4th of July week - probably will be closer to that week before I get inquiries, but I am going to wait it out.

 

[DeniseM]

I just rented my 2 bdm. at WKORV for 2011, too!