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Advice on renting, selling or exchanging Diamond Resort Points

jeffrapp

TUG Member
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Jun 6, 2011
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Location
Healdsburg, CA
I own [specifics deleted] Diamond Resorts California Collection. I am interested in selling, renting or exchanging. I do not have any specific week.
Can someone advise how this is done using points? I looked at the TUG Marketplace ads. They all seem to be for previously reserved weeks or days. Is there any way to do this without making the reservation myself first, particularly renting or exchanging?
Also, does anybody have an idea what a reasonable rental rate would be for for a good summer or winter week in a 2 BR at Lake Tahoe Vacation Resort?
Thanks in advance for your help!
Jeff
 
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DeniseM

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Location
Northern, CA
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WKORV, WKV, SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim) NEW: 3 Lawa'i Beach Resort!
Hi Jeff - I find that the best strategy is to reserve a prime week, and then advertise it, rather than advertising points:

1) Renter's like it simple - they don't want to figure out points, etc.
2) By the time a renter puts in a request, the prime weeks will no longer be available.

In Tahoe - weeks, 51, 52, President's week, and most of July are strong rentals.

To figure out your price, look at the Comps on websites like Redweek, TUG, Craigslist, and price your rental in the bottom 10%. Note that the top 50% of the prices will probably never rent, because their owner is unrealistic.

A 2 bdm. rented on Redweek for - 12/25/11 - 01/01/12 -$1,995. However, there are other listings for slightly different dates, that haven't listed. With a school holiday, people usually want a Sat. or Sun. check-in.

Right now, a lot of people are trying to rent their timeshares, so you want to price your week competitively, market it well, and make sure you have a lot of traffic - because you have a lot of competition. I personally use these cheap or free websites to post my Ads:

TUG Timeshare Marketplace - http://tug2.com/timesharemarketplace/
1 year Membership - $15
Ads - free up to 25

www.craigslist.org (free)

www.redweek.com
Membership - $14.99 for 12 months
Timeshare Rental Ads - $24.99/ea for 6 Months
Timeshare Resale Ads - $59.99/ea for 12 Months

www.myresortnetwork.com
Membership - free
Timeshare Rental Ads - $19.95 ($24.95 - floating weeks)
Timeshare Resale Ads - $34.95

There is also a list of resale websites at the top of the Buying, Selling, Renting, board that you may want to take a look at.

Some people don't like Craigslist, because you get a lot of scammers who respond, but they are painfully obvious, and I just ignore them. Another tool I use to eliminate the scammers is that I only accept payment by Paypal which requires a verified bank account or credit card to be registered.

On Craigslist, you need to create a Craigslist Acct., create 3 different Ads with different titles and wording, and rotate them every 3 days. You don't have to rewrite the Ads - if you create an Acct. they will be saved in your Acct. and you can just use the "renew" function, to renew the oldest Ad every 3 days which will bring it to the top of the listings.

As far as selling - the timeshare market is very depressed right now, so you'd probably have to give it away. Most timeshare are selling for 0-10% of original retail.

Here are the recent completed ebay listings for Diamond Resort Points - http://www.ebay.com/csc/Timeshares-...=Timeshares&LH_PrefLoc=0&_fsct=&LH_Complete=1
 
Last edited:

DeniseM

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Resorts Owned
WKORV, WKV, SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim) NEW: 3 Lawa'i Beach Resort!
Here is the travel demand index for Tahoe:

tdi-11.gif
 

MattnTricia

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Jun 14, 2005
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Rental Info for Tahoe

We own at the Lake Tahoe Vacation Resort and also have rented here this year.


To give rental pricing some perspective I rented XMAS week this year 30 days out for $600 for the week for a 2 bedroom. I see many other weeks of lesser demand going for between $750 and $1000 on EBAY and in my local Craigslist. I do like the resort as we are here right now and also spent thanksgiving week here also.

Quite frankly even recouping the what is now $1000 per year in maintenance fees is a really tough go at this property.

Anything is possible advertised early enough but the Tahoe Timeshare rental market is not that strong. Even Marriott rental rates are starting to drop.

Craigslist and redweek are 2 excellent options for trying to rent your points. I would start early and price the week competitively as overpriced weeks seem to just sit these days with all of the other options like Rental houses, condos, timeshares all renting for greatly reduced rates these days.
 
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