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[ 2015 ] Requesting experiences living close to or full time in timeshares

ronandjoan

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We recently retired also, selling our house this spring and I have considered using TUG LMR and Rentals Wanted to fill in some gaps I have in the following six months. I have last three weeks of May in Hawaii, then first three weeks of June at CA beaches, I need filler for July/Aug, then I have Sept in UK. At that point we either rent somewhere back in CA, buy another downsize house, or go full time. I like the idea of having a house that rents and pays for itself, there is a show on HGTV about buying vacation rental fixers.


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Yes. Mike and Edie have had good opportunities to rent their house when they are not there, being in a great place in CA, so that has worked out so well for them. That is a better option if you have a property that rents easily: unfortunately for us, we were in a small town in Ohio.

Of course, renting a place while you are far away from it does have its own set of problems..
 

SmithOp

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Yes. Mike and Edie have had good opportunities to rent their house when they are not there, being in a great place in CA, so that has worked out so well for them. That is a better option if you have a property that rents easily: unfortunately for us, we were in a small town in Ohio.



Of course, renting a place while you are far away from it does have its own set of problems..


We own a second house in Urbana, OH. I solved the remote renting issue by letting the nosy next door neighbor manage it for us, she wanted to screen renters. :)


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Bigrob

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I am years away from this becoming a reality for me, but it sure sounds appealing. I do think you can help yourself by having at least a home base that you do rentals from, but can stay in at times to "fill the gaps". We own a few "rental only" condos that could serve that purpose for us if/when we get to that stage (probably 10 years away still).
 

Joe33426

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I am years away from this becoming a reality for me, but it sure sounds appealing. I do think you can help yourself by having at least a home base that you do rentals from, but can stay in at times to "fill the gaps". We own a few "rental only" condos that could serve that purpose for us if/when we get to that stage (probably 10 years away still).

I too thought this full-time timesharing would be an interesting thing to do in retirement, but I think moving from place to place would become a drag after awhile. We have a 4 week cross-country trip planned this summer and I'm excited but a little concerned about being on the road that long. We may lose "steam" and just want to go home at some point...
 

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I'd like to hear from Mike&Edie what they do with the in-between times? For instance, let's say your first timeshare week ends at 10am Saturday and checkin starts at 5pm that day for the next unit at the same location. That's where I think a big hassle might be.
 

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I too thought this full-time timesharing would be an interesting thing to do in retirement, but I think moving from place to place would become a drag after awhile. We have a 4 week cross-country trip planned this summer and I'm excited but a little concerned about being on the road that long. We may lose "steam" and just want to go home at some point...

I think the same thing about the risk of weekly rooms.. 10 am check out 4 pm check in would be bad enough at the same resort, but add in a couple of hours drive if you had to change resorts, or a night in the car, or motel six and the nomadic lifestyle would lose a lot of it appeal for a couple of 70 year olds.

Which is why I bought Worldmark, you cant do it as cheap as with Wyndham Platinum VIP discounts or RCI last calls, , but they do allow long stays. One reservation in one resort in one condo for as long as you have credits to support.

A two bedroom at Oceanside Ca is 10000 credits (mf $600 a week), thats really no different than what I could do with the discounts and upgrades at Wyndhams Oceanside pier. and no worries about moving every weekend. And for 4 -6 months a year, a whole lot cheaper than buying a second home.

Even doing it for 52 weeks a year ($600 x 52) is just not too bad at $2500 a month. Its more than my social security check, but its less than what I spend every month at my home now (mortgage, taxes, insurance, cable, elec, water, lawn care, pool maintenance, trash pick up, maintenance, roof reserves, etc) If I was going to do it year round and on a budget, Id opt for a one bedroom and chase blue seasons. Winter on the Beach in Washington and Summer in the California Desert can be done for under $300 a week,
 

ronandjoan

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I too thought this full-time timesharing would be an interesting thing to do in retirement, but I think moving from place to place would become a drag after awhile. We have a 4 week cross-country trip planned this summer and I'm excited but a little concerned about being on the road that long. We may lose "steam" and just want to go home at some point...

When we started timesharing and kept extending our trips until we were away from the Ohio house for 6 months, we knew we could go full-time.
Road trip
I just wrote up an article for Timesharing Today about this summer’s 3 month road trip. In the 100 days of the Road Trip, our count was 74 days in timeshares, 14 days in hotels and 12 days with friends or relatives, driving from Atlanta to Wisconsin then back south to Florida. Timeshares stayed at were Wyndham Plantation, Wyndham Nashville, Wyndham Branson at the Falls, Fairfield Bay, Table Rock Landing, Telemark Pointe, Telemark, Fairfield Glade, and Ocean Ridge. We used the timeshares we own (Wyndham and Telemark) and also RCI for three weeks in Arkansas (even Fairfield Bay was cheaper with RCI than Wyndham points in the summer.) The military reunions necessitated staying in the hosting hotels, which cut down on our timeshare stays.
People think we can just go “wherever we want” but reunion dates and family activities often reduce our flexibility.
 

ronandjoan

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I'd like to hear from Mike&Edie what they do with the in-between times? For instance, let's say your first timeshare week ends at 10am Saturday and checkin starts at 5pm that day for the next unit at the same location. That's where I think a big hassle might be.

I can tell you what we do:

Since we had no “home base” to return to annually, we have to carry everything we need to to “live” in timeshares full-time and still feel like we are “home.” That means trying to continue the same lifestyle that we had when at home: familiar household routines and décor, and perhaps even adding more personal items to units’ furnishings.

For example, we bring family photos, candles, placemats, table runners, vases, and small favorite trinkets. Through the years, we have added various other things, either for convenience or because items are always not up to quality: a printer; an electric griddle for timeshares with tilted stove burners and/or scratched frying pans; an electric hand-mixer which is not always provided; extra flatware; our own coffeepot; a crockpot; other smaller kitchen items; and even beach towels and sheets, necessary for some timeshares. Surprisingly, it does not take too much time to “arrange” the items needed to be “at home” when we arrive.

Most importantly, we also have to carry all the paperwork needed (e.g. tax information for both our mothers’ and ourselves). I used to carry books to read and trade with timeshare book exchanges but now I have a Nook and a Kindle and can download books from libraries. Although we are “allergic” to SNOW, we still need clothing for both cool and warm climates. And this year, we also have the flags (full sized) and stands and all the paraphernalia and paperwork desired for the military reunion that DH is the host for next February!!

Thus, we have a large van, a 2000 Excursion, which is loaded clear to the top all the way back, with no other seats open except the front seats while traveling.

But, when we have to “hang out” at a resort from 10 a.m. to 4 p.m. when changing units that is a HUGE job! We are often able to have a day overlap which makes it easier not have to pack so carefully and just to carry things to the other unit in smaller loads.

It actually seems easier to have a couple of hours drive between resorts since we are always looking forward to the next place!

The harder part has been to pack for flying to Seattle (we had been doing it every 6-8 weeks to check on my mother—until she passed), especially the food issue, much less deciding which clothes we need for the trip there and perhaps other trips from there (e.g., Mexico or Hawaii) and also, where to park the van! Also, if we have to stay in a hotel, we have to pack more carefully, and then we are not so comfortable: aren’t we all used to having a condo now?

From the beginning, TUGGERS have suggested how hard it would be to change every week. Of course, we do like extended stays, but as long as we are going to a favored timeshare or location that we have wanted to go to for a long time, we look forward to going. Driving too far in one day, however, is not a favorite activity.
 
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ronandjoan

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Even doing it for 52 weeks a year ($600 x 52) is just not too bad at $2500 a month. Its more than my social security check, but its less than what I spend every month at my home now (mortgage, taxes, insurance, cable, elec, water, lawn care, pool maintenance, trash pick up, maintenance, roof reserves, etc)

That is exactly why we decided to sell the house and go full time. We were simply not there enough to justify the extra expenses of all the household costs.

And we don't spend $2500/month as we use our owned weeks and owner bonus weeks that we can book ahead, weeks and bonus weeks from Platinum Interchange, specials from DAE, and SFX - ones that we can plan ahead with, as I mentioned before, we need to without a "home base" to return to. Telemark has owner bonuses for using RCI at $3-$5/TPU so that makes our RCI exchanged weeks inexpensive.
 

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What is the Voyager?

Voyager is a new reservations system being developed at Wyndham. It was supposed to be rolled out some years ago but didnt. The goal is better inventory management

One of the things it was supposed to do is clearly tag your points, so you would know whats available from one resort or another and whats resale and whats not. We were supposed to be able to do our own ARP reservations on line

as side effect would be that only points bought directly from Wyndham would get the VIP discounts, (unlike now where everything in my VIP account (resale and retail) gets discounts.

another rumor is that a waiting list is part of voyager. And of course if every cancellation goes to the waiting list...that would put an end to the cancel and rebook scam (i mean game) that weve been playing
 

Joe33426

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Cdn Gal

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I would love to meet the couple that live at Bonnet Creek for 4 months! We are headed there in 25 days...(do I sound desperate or what??). :shrug: I too am 'allergic' to the snow and probably this year, more the cold temperatures! You know it's bad when we said today that it "warmed up to -20". :whoopie: I wonder how they live at Bonnet Creek- do they do RCI exchanges? Or just pay the money for the maintenance fees for the points used? :)

HI everyone
To clarify: we are one of the two full-timers and we each are timesharing differently. And yes, we usually use Wyndham points!
We sold our home in Ohio in 2008 and have been on the road ever since: therefore, we are truly HOMELESS.
Mike and Edie are the other full-timers, still own their home and rent it out and also have other properties on their site in CALIF and drive back and forth each year and stay on site for a while, especially for doctors’ appointments. As they haveposted, they usually use Extra Vacations. Their travels are tracked on their BLOg (and we have become great friends as well.)
We feel that we needed to book more ahead and could not “trust” Extra Vacations since we had to know in advance where we were going to stay…or else we had nowhere. We were also tied down to family and reunion dates (military), not offering last minute flexibility. In 2003, we started buying timeshares, so before going full time, we had already purchased weeks at two resorts, the Townhouses at the St Augustine Beach and Tennis Club (TAS) and Telemark in Cable, WI, both properties purchased sight unseen on eBay – and they have worked out fabulously—they have become our favorites! We have extended our inventory to 8 weeks at St Augustine and 3 weeks in Telemark – and Telemark has so many owner bonus opportunities, one being that we can rent extra weeks for $199/week that it sufficiently prorates our MF to better rates.
And then we bought lots and lots of Wyndham points.
Then we saw that since we were gone from the house 8-9 months a year anyway (we also had to go to Seattle every 6-8 weeks to check on my mother – for that we flew), we decided that it was foolish to keep the house: why have that expense? We had read about Ray Harper, who was full time for 6 months, and started thinking about doing it, so we downsized, spent 2 summers repairing and staging the house and it sold within 3 days.
In addition, we use exchange companies- but usually not RCI and we dropped II some years ago. Therefore, we greatly utilize Platinum Interchange, SFX, and DAE all of which have great bonus week programs as well.
So.. to clarify: each year we stay at our owned weeks at TAS and Telemark, and the rest of the time we stay in Wyndham resorts or exchanged weeks using Wyndham resort deposits (or occasionally TAS/Telemark deposits). We figured once that if we were able to “stretch” our points to the maximum – which we almost always do anyway, (can’t stand to use full points!!), we would have a total of 72 weeks per year to use.
We have met a couple who spend 4 months in Bonnet Creek – Jan – April – just moving from unit to unit as needed – and they also work at Disney during that time – we’d sure like to do that, but our family responsibilities have prevented utilizing that long term opportunity.
Many TUGGERS already timeshare many many weeks or even months – so it is only a short step – and commitment – to say, OKAY, we’ll sell the house, and…
My BLOG tells how we set it up, etc – start at the beginning which is at the end – the newer posts are first.
Timesharing Today also asked for an article from us about full timing and I have sent it in and they say they will be publishing it – we’ll see and keep you posted.
 

Rent_Share

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http://www.tugbbs.com/forums/showthread.php?t=204238


It was supposed to be a new reservation system that supposedly was going to be able to discern between developer and resale points and you would have been able to do ARP reservations on the computer because it would have kept track of points by contract.

I think the project has been shelved....

They did separate resale points purchased after a certain date from developer points in the Worldmark system,
 
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Joe33426

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I would love to meet the couple that live at Bonnet Creek for 4 months! We are headed there in 25 days...(

We're heading to Bonnet Creek next week for a couple of nights during spring break. I'd like to meet this couple too. I was thinking that timeshares really wouldn't work for us in retirement, but now that Ron mentioned that Worldmark allows extended reservations that sounds compelling. Only problem is that we will be wintering in Southeast Florida (place already bought and paid for) and I was hoping to find a summer spot somewhere on the east coast. I think this rules out Worldmark.
 

ronandjoan

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I would love to meet the couple that live at Bonnet Creek for 4 months! We are headed there in 25 days...(do I sound desperate or what??). :shrug: I too am 'allergic' to the snow and probably this year, more the cold temperatures! You know it's bad when we said today that it "warmed up to -20". :whoopie: I wonder how they live at Bonnet Creek- do they do RCI exchanges? Or just pay the money for the maintenance fees for the points used? :)
They should be there now as they usually stayed through April. They use Wyndham
Points and use the 60 day discounts. We would love to do that too but we have too many fàmily responsibilities.

They move from unit to unit as necessary depending upon the 60 day discount availability. I don't think they use RCI.. Just Wyn pts
 
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JudyS

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...Telemark has owner bonuses for using RCI at $3-$5/TPU so that makes our RCI exchanged weeks inexpensive.
TPUs for $3-$5? How is that possible? I'd love to hear more about this!

Edited to add: Joan, I just a post you made about this in 2009. If I understand correctly, Telemark lets owners book last-minute inventory 3 weeks prior to arrival, for a fee of $199 per week booked. Is that correct? I can see how $199 per week is a good deal, but I would think the TPUs one would receive would be somewhat limited at 3 weeks out, even for summer week.
 
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jebloomquist

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Voyager ..
another rumor is that a waiting list is part of voyager. And of course if every cancellation goes to the waiting list...that would put an end to the cancel and rebook scam (i mean game) that weve been playing

If that ever happens, I am going to dump 4 million points ASAP. And, I have a feeling that there will be a whole lot of other renters doing a similar thing.

The whole idea of full time timesharing for me requires that I can play the game with my resale points. Without that ability, they become far less valuable.

I guess I could learn more about RCI and how to use it. Will the RCI points bonus for VIP, as discussed in another thread, also go away for resale points?

How does it feel to be a pawn in a chess game?:shrug:

Jim
 

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If that ever happens, I am going to dump 4 million points ASAP. And, I have a feeling that there will be a whole lot of other renters doing a similar thing.

The whole idea of full time timesharing for me requires that I can play the game with my resale points. Without that ability, they become far less valuable.

I guess I could learn more about RCI and how to use it. Will the RCI points bonus for VIP, as discussed in another thread, also go away for resale points?

How does it feel to be a pawn in a chess game?:shrug:

Jim

I think you're right about the likely impact if a change is made - a significant number of folks would probably be looking to dump some contracts, which would probably be a boon to some of the points managers who have worked deals with owners who wholly own developer-purchased VIP-eligible points. They would benefit from the decrease in competition. A simultaneous impact would be a cratering of the resale market... the CWA and other contracts fetching close to a penny a point won't be able to be given away. The only potential change that may negatively impact the points managers is the rumored waitlist, depending upon how it's implemented.

What will also be interesting is folks who currently have arrangements with points managers to rent out millions and millions of resale points at $6/K may suddenly find they are only offered $3/K and can no longer cover maintenance fees. Should that occur, and with the resale market simultaneously in the toilet, I can see a potential flooding of abandoned higher MF timeshares on viking ships, which would drive up the costs for the remaining owners at the same time the value of their ownership plummets - a double whammy. You definitely don't want to be left without a chair when the music stops. The trouble is, I'm not sure that there will be ANY chairs...

Having said that, in the discussions I've had it seems any major system implementations are still many months... or years... away. Perhaps Ron and others attending the Annual Owners' Meeting will provide a full report of the status of the long-rumored Voyager implementation.
 

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Every time Wyndham implemnets a change to the detriment of renters, the existing renters bitch and moan, but a new crop shows up that operate under the new parameter till the next change . . . .
 
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I think you're right about the likely impact if a change is made - a significant number of folks would probably be looking to dump some contracts, which would probably be a boon to some of the points managers who have worked deals with owners who wholly own developer-purchased VIP-eligible points. They would benefit from the decrease in competition. A simultaneous impact would be a cratering of the resale market... the CWA and other contracts fetching close to a penny a point won't be able to be given away. The only potential change that may negatively impact the points managers is the rumored waitlist, depending upon how it's implemented.

What will also be interesting is folks who currently have arrangements with points managers to rent out millions and millions of resale points at $6/K may suddenly find they are only offered $3/K and can no longer cover maintenance fees. Should that occur, and with the resale market simultaneously in the toilet, I can see a potential flooding of abandoned higher MF timeshares on viking ships, which would drive up the costs for the remaining owners at the same time the value of their ownership plummets - a double whammy. You definitely don't want to be left without a chair when the music stops. The trouble is, I'm not sure that there will be ANY chairs...

Having said that, in the discussions I've had it seems any major system implementations are still many months... or years... away. Perhaps Ron and others attending the Annual Owners' Meeting will provide a full report of the status of the long-rumored Voyager implementation.

I think what you have described is exactly the reason Wyndham has not moved forward with Voyager. They can’t afford to have the large points owners and points managers stop paying maintenance fees. Does “TOO BIG TO FAIL” ring a bell? If it hasn't already gotten too big, its well on its way. Wyndham has to create some exit strategy for the large resale owners or the whole system could collapse if the Voyager system as described is implemented. Is it possible that the Limited Edition Program as discussed in this thread ( http://www.tugbbs.com/forums/showthread.php?p=1724051#post1724051 ) could be part of Wyndham’s strategy?
 

vacationhopeful

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Every time Wyndham impeemnets a change to the detriment of renters, the existing renters bitch and moan, but a new crop shows up that operate under the new parameter till the next change . . . .

Okay, the rentals that the MegaRenters do are CHEAPLY priced. 50% discount and unit upgrades. Regular Wyndham owners seem happy to go on vacations paying the "rack" rate ... these are the people who brought from the developer and go for a 1 or 2 week vacation.

The megarenter's guests go to presentations for the $100 gift card and/discounts for attractions - they just sit there and LAUGH at WHO would ever buy for $35,000+ dollar and pay $6 in MFs + per 1K of points ownership --- just call "1-800-(megarenter)" ... and then they brag to all at the resort - insulting the owners - smug with their "smarts". I personally won't miss them at all - sending them back to Motel 6 and their pools.

The "rental" market would have to adjust - some ownerships would survive; PRIME vacation locations would be HARD to get --- those deeded points would be "mined" as places where you could "recover most of your MFs".

And yes, I would dump some points of my ownership. And yes, there would be a shrinkage as to who is renting vacations or the numbers of booked stays.... put there is value in timeshare stays.

But really, didn't you all originally buy timeshares FOR YOUR USAGE? Didn't some of us get just get caught up in "the game"?
 

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Okay, the rentals that the MegaRenters do are CHEAPLY priced. 50% discount and unit upgrades. Regular Wyndham owners seem happy to go on vacations paying the "rack" rate ... these are the people who brought from the developer and go for a 1 or 2 week vacation.

The megarenter's guests go to presentations for the $100 gift card and/discounts for attractions - they just sit there and LAUGH at WHO would ever buy for $35,000+ dollar and pay $6 in MFs + per 1K of points ownership --- just call "1-800-(megarenter)" ... and then they brag to all at the resort - insulting the owners - smug with their "smarts". I personally won't miss them at all - sending them back to Motel 6 and their pools.

The "rental" market would have to adjust - some ownerships would survive; PRIME vacation locations would be HARD to get --- those deeded points would be "mined" as places where you could "recover most of your MFs".

And yes, I would dump some points of my ownership. And yes, there would be a shrinkage as to who is renting vacations or the numbers of booked stays.... put there is value in timeshare stays.

But really, didn't you all originally buy timeshares FOR YOUR USAGE? Didn't some of us get just get caught up in "the game"?

I am one that, absolutely, got caught up in the game> and Im changing my strategy. I hope to shrink to about a third of where I was a year ago, and concentrate on CWA and La Belle Maison > Im halfway there and looking at another 2 years of downsizing. I hope I get there before Wyndham gets me.

I believe you are absolutely right, without the cancel/rebook and upgrade game, using most Wyndham points for common everyday vacation rentals wont work. But I see two paths to survive. 1) cut costs by owning only the lowest mf resorts or 2) as you suggest, increase revenue by renting only the high demand low supply reservations (I see a third approach, but thats a secret for now)
 

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(I see a third approach, but thats a secret for now)

Ron,

Haven't you been doing it for a while already? If my suspicions are correct, you have been.

Jim
 

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I am starting to work on a 4th approach.

Number 1 is great to consider when buying timeshares but is not really going to move the needle on making a good profit. Number 2 is where it is always at but hard to scale it.
 
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