Advice for VIP Members Looking to Buy More

[A.Win]

If a Wyndham VIP member wants to buy more, they could:
1.) Buy more Wyndham points or 2) buy elsewhere.

I advocate taking option 1. Yet many people own Wyndham plus many other ownerships.

Here is my rationale:
I understand the desire to stay at non-Wyndham locations. So VIP members could do this instead:

1.) Rent your extra, unused Wyndham units, then use the proceeds to pay another owner for their unit.

2.) Exchange your Wyndham for something else. For example, let's say your Wyndham is worth $2,000/week and the place you want is worth $2,000. If you get a 50% VIP discount, you could easily "spend" less than $2,000 to receive a $2,000 vacation. As an example, I could take someone's $2,000 Marriott week and offer them $2,500-$3,000 worth of Wyndham. With the VIP discount, I come out ahead and so do they.

Do you agree with my approach or do you feel like it is important to own something else too?

While I am tempted to buy something else, it simply makes more financial sense for me to buy more Wyndham.

 

[jeffwill]

What Wyndham is worth $2000./ week ?

Most of your analysis is based on low probability prerequisites.

I got rid of all Wyndham points, and still stay at all my many favorite Wyndham destinations, at VIP prices, through RCI points.

The system can be worked many ways. Sounds like yours works for you.

 

[Tank]

TUG has that in the free timeshare exchange adds. A win win for both.

 

[raygo123]

From what I have been reading here, the likelihood of using the discount window on demand units has some negative outcomes from someone snatching it up to Wyndham taking it before you can capture it. But I have yet to try.

Sent from my Nexus 7 using Tapatalk

 

[vacationhopeful]

What Wyndham is worth $2000./ week ?

Most of your analysis is based on low probability prerequisites.

I got rid of all Wyndham points, and still stay at all my many favorite Wyndham destinations, at VIP prices, through RCI points.

The system can be worked many ways. Sounds like yours works for you.

Not many Wyndham resorts that I know of in the usual 1bdr or 2bdr size units... now get into a 3bdr or 4bdr Prime season ... maybe.

Will have to go hunting thru RCI points.

I have LOTS of Wyndham points but still own in both other systems and other fixed weeks ... many of those fixed weeks are PRIME Wyndham units without the CWP fees and NO GUEST CERTIFICATE cost.

 

[DeniseM]

For example, let's say your Wyndham is worth $2,000/week and the place you want is worth $2,000. If you get a 50% VIP discount, you could easily "spend" less than $2,000 to receive a $2,000 vacation. As an example, I could take someone's $2,000 Marriott week and offer them $2,500-$3,000 worth of Wyndham. With the VIP discount, I come out ahead and so do they.

What do you mean by "worth $2,000 per week"?

Do you mean compared to the cost of renting?

Because of the perceived value of Marriott vs Wyndham, and their comparative rental rates on the open market, I don't think Marriott owners would see this as a good trade for them. I would not expect to be able to trade into the Hotel Affiliated resorts with Wyndham on a regular basis.

 

[ronparise]

If a Wyndham VIP member wants to buy more, they could:
1.) Buy more Wyndham points or 2) buy elsewhere.

I advocate taking option 1. Yet many people own Wyndham plus many other ownerships.

Here is my rationale:
I understand the desire to stay at non-Wyndham locations. So VIP members could do this instead:

1.) Rent your extra, unused Wyndham units, then use the proceeds to pay another owner for their unit.

2.) Exchange your Wyndham for something else. For example, let's say your Wyndham is worth $2,000/week and the place you want is worth $2,000. If you get a 50% VIP discount, you could easily "spend" less than $2,000 to receive a $2,000 vacation. As an example, I could take someone's $2,000 Marriott week and offer them $2,500-$3,000 worth of Wyndham. With the VIP discount, I come out ahead and so do they.

Do you agree with my approach or do you feel like it is important to own something else too?

While I am tempted to buy something else, it simply makes more financial sense for me to buy more Wyndham.

Wyndham is by far the largest system with locations almost anywhere you might want to go. If I cant find something in the Wyndham system, shame on me. I agree, even with the rising prices the strategy that makes the most sense to me is to buy more Wyndham. As a Platinum owner that gets the 50% discount, The only reason to own something else is if I plan to vacation outside the Wyndham system on a regular basis

And if I want that Marriott for a special vacation, Ill take some of the proceeds from a wyndham rental and pay a Marriott owner market rates... as you say win/win

 

[DeniseM]

What Ron said - rent your Wyndham's and use the points to rent exactly what you want from another owner. Lots easier than trying to find the perfect trade.

 

[Vacationfuntips]

Wyndham is by far the largest system with locations almost anywhere you might want to go. If I cant find something in the Wyndham system, shame on me. I agree, even with the rising prices the strategy that makes the most sense to me is to buy more Wyndham. As a Platinum owner that gets the 50% discount, The only reason to own something else is if I plan to vacation outside the Wyndham system on a regular basis

And if I want that Marriott for a special vacation, Ill take some of the proceeds from a wyndham rental and pay a Marriott owner market rates... as you say win/win

I agree. I think that this is the BEST advice! I have done this. I rented out a vacation reservation. I took the money that I received to go somewhere else. The new vacation that I chose was outside of my Wyndham and RCI timeshare world of places. It was a great decision that worked out well for me. In general, there is usually a lot of competition for rentals. Price, dates, location and room size are all factors. Rentals are not for everyone!

For me, I have learned to use what I have, or make it work better!
Sometimes you need to re-evaluate what you think you need!

Cynthia T.

 

[am1]

What Ron said - rent your Wyndham's and use the points to rent exactly what you want from another owner. Lots easier than trying to find the perfect trade.

Easier for sure. But it is not easy to rent Wyndham reservations. Especially the stuff that is worth real money. It is not for most people.

 

[DeniseM]

Easier for sure. But it is not easy to rent Wyndham reservations. Especially the stuff that is worth real money. It is not for most people.

True - but I think it's even harder to trade a Wyndham for a Marriott...

 

[Tank]

Easier for sure. But it is not easy to rent Wyndham reservations. Especially the stuff that is worth real money. It is not for most people.

Why do you think that is AM1 ?

But it is not easy to rent Wyndham reservations. Especially the stuff that is worth real money.

 

[DeniseM]

Why do you think that is AM1 ?

But it is not easy to rent Wyndham reservations. Especially the stuff that is worth real money.

It's not easy for someone who is trying to break into the Wyndham rental market, because the competition is fierce, and the small point owners can't compete with experienced Mega-renters. It's difficult for a small player to make a profit.

 

[Bigrob]

It's not easy for someone who is trying to break into the Wyndham rental market, because the competition is fierce, and the small point owners can't compete with experienced Mega-renters. It's difficult for a small player to make a profit.

Besides that point (which is generally true of all Wyndham rentals) it is that much more difficult for a higher-value reservation because there is significantly more concern about reputation, prior reviews, etc. when you get into the higher value reservations. If you have one of the rare intervals that might command $2500 or more, a renter is going to be especially cautious to avoid scams and make sure they are going to get what they are shelling out that much money for. I think that was Adam's point.

 

[DeniseM]

Bigrob - Most of my rentals are in that range, and honestly, I don't find those renters to be any more cautious. In fact, I think that people on a real tight budget seem to be the most cautious, because they don't have money to lose, and they are less likely to be experienced with vacation rentals.

 

[Bigrob]

Bigrob - Most of my rentals are in that range, and honestly, I don't find those renters to be any more cautious. In fact, I think that people on a real tight budget seem to be the most cautious, because they don't have money to lose, and they are less likely to be experienced with vacation rentals.

Interesting. Perhaps it's based on where you list (what platform, etc.) I would expect renters from TUG and redweek to have a higher degree of confidence in known hotel brands such as Starwood and Marriott, even at higher dollar values.

I know that's usually the price range you're renting in, but aren't most of your rentals at other than Wyndham resorts?

 

[DeniseM]

Interesting. Perhaps it's based on where you list (what platform, etc.) I would expect renters from TUG and redweek to have a higher degree of confidence in known hotel brands such as Starwood and Marriott, even at higher dollar values.

I know that's usually the price range you're renting in, but aren't most of your rentals at other than Wyndham resorts?

Yes - I hardly do any Wyndham rentals, my comment was more about the renters of higher priced rentals.

 

[ronparise]

Bigrob - Most of my rentals are in that range, and honestly, I don't find those renters to be any more cautious. In fact, I think that people on a real tight budget seem to be the most cautious, because they don't have money to lose, and they are less likely to be experienced with vacation rentals.

Ain't that the truth

I have a much easier time renting the high priced stuff

And regarding the value of Wyndham reservations I've rented several studios this week at $300 a night.

Remember we have New York Chicago and San Francisco available to us. Not to mention other big cities like San Diego, New Orleans and San Antonio And don't forget Washington, D.C. These are places where most timeshares don't have a presence and where hotels will cost you over $250 a night

 

[am1]

No matter what the price is people are skeptical. Renters put more thought into renting a week from me then retail timeshare buyers do spending tens of thousands.

My goal is always to build a long term relationship. Even if someone else is offering a price they will give me a chance to match or at least get close enough so they do not have to rent from the unknown.

 

[A.Win]

Denise, I agree that IN GENERAL a Marriott is worth more than a Wyndham unit. However, there are MANY exceptions.

1. Off season Marriott vs. prime season Wyndham.
2. Smaller Marriott unit vs. bigger Wyndham unit.
3. Cheap Marriott unit vs. Wyndham PRESIDENTIAL unit.
4. Cheap Marriott vs. expensive new Wyndham location such as Chicago or San Fran or NYC.

While most Wyndham units are under $2,000, there are quite a few situations that are over this. (Over 300,000 points)

 

[Xcalibur]

What Wyndham is worth $2000./ week ?

Most of your analysis is based on low probability prerequisites.

I got rid of all Wyndham points, and still stay at all my many favorite Wyndham destinations, at VIP prices, through RCI points.

The system can be worked many ways. Sounds like yours works for you.

What do you mean by RCI points? If you have sold all your Wyndham, how are you getting RCI points?

 

[vacationhopeful]

Denise, I agree that IN GENERAL a Marriott is worth more than a Wyndham unit. However, there are MANY exceptions.

1. Off season Marriott vs. prime season Wyndham.
2. Smaller Marriott unit vs. bigger Wyndham unit.
3. Cheap Marriott unit vs. Wyndham PRESIDENTIAL unit.
4. Cheap Marriott vs. expensive new Wyndham location such as Chicago or San Fran or NYC.

While most Wyndham units are under $2,000, there are quite a few situations that are over this. (Over 300,000 points)

Wyndham is KNOWN for cheaper hotel units than a branded Marriott hotel.

I just got reamed out by a person who is looking for a Week 7 FRI checkin beach block in South Florida ...quoted $1375 for the week. Said she rented a similar SIZED unit for $900 2+ years ago.

Annoying ... but market prices change and the timing of the rental and the terms are unique for each week and when rented. I wonder HOW many other TS owners will ignore her demands for a $900 week 7 rental this year.

 

[Bigrob]

Wyndham is KNOWN for cheaper hotel units than a branded Marriott hotel.

I just got reamed out by a person who is looking for a Week 7 FRI checkin beach block in South Florida ...quoted $1375 for the week. Said she rented a similar SIZED unit for $900 2+ years ago.

Annoying ... but market prices change and the timing of the rental and the terms are unique for each week and when rented. I wonder HOW many other TS owners will ignore her demands for a $900 week 7 rental this year.

I'm sorry to hear that. I know you can handle yourself but it is frustrating when people have unrealistic expectations. What's interesting is that I am much more likely to help someone when they take a different approach than that, and I'm sure you are to. To Adam's point, someone leading with a price negotiation and combative attitude is probably not someone you want to try to build a long-term relationship with anyway. My usual response to someone like that is to just say, "wow, it sounds like you got a great deal. I hope you find something like that again!"

 

[DeniseM]

My usual response to someone like that is to just say, "wow, it sounds like you got a great deal. I hope you find something like that again!"

That is exactly what I say - and it always turns out that a large percentage of them are bluffing.

 

[ronparise]

Denise, I agree that IN GENERAL a Marriott is worth more than a Wyndham unit. However, there are MANY exceptions.

1. Off season Marriott vs. prime season Wyndham.
2. Smaller Marriott unit vs. bigger Wyndham unit.
3. Cheap Marriott unit vs. Wyndham PRESIDENTIAL unit.
4. Cheap Marriott vs. expensive new Wyndham location such as Chicago or San Fran or NYC.

While most Wyndham units are under $2,000, there are quite a few situations that are over this. (Over 300,000 points)

The number of points we pay for a reservation has very little to do with the value on the rental market. That has to do with nothing but supply and demand

What makes Wyndham a good(for me) system to own for rentals are those situations where the demand is high and the supply limited and my cost in points quite low. Im guessing that when Donald Trump is inaugurated in Jan 2017 the units at Old Town Alexandria will rent for a pretty penny

set your alarm for March 20 2016 so you can have a chance at a reservation