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airbnb rental for a week owned

Phillie

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Hi,
With the popularity of airbnb growing around the world has anyone used or considered using airbnb to rent their owned week? I am not talking about renting a II week which is not allowed per the terms and conditions or using points and then renting that through airbnb, this would only apply to weeks owners. Does anyone see any issues? I would think it is the same as listing your week on craigs list or TUG for that matter, yet you would get far better global exposure. What do tuggers think?
 

TUGBrian

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when I was looking for a vegas rental I browsed airbnb and vrbo....and was suprised to see a few timeshares listed there.

I believe you lose a % of the rental to the site though, as I thought that was their business model.
 

Phillie

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yes a small percentage

Yes they do charge a small percentage for their "service" but if give more exposure could that be worth it?
 

Tank

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they have a up-charge to the one renting the unit also, double dipping.
I tried that and it was not easy to set up, talk to anyone, wasn't happy with it at all.
 

DeniseM

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I think the fees are too high for a one week timeshare rental.

In addition to TUG and Craigslist, I like Redweek.
 

Robert D

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I have all of my weeks listed on Airbnb and have rented one thus far. There is no fee to list your rentals on Airbnb and they charge a 3% fee to the landlord (5% if you have 30 or 60 day super strict terms) and about a 6% fee to the renter. I think the fees are very reasonable. You get paid on the day after check-in unless you have super strict terms in which case you get paid the day after the time that the money becomes non refundable (59 days before check-in for SS60 and 29 days before check-in for SS30). You have to be approved for the super strict terms.
 

suzannesimon

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My problem with Airbnb is the having to wait until after check-in to get paid. I get 50% at booking and the balance 90 days in advance of occupancy. I don't want any issues if the renter doesn't like his view or anything else after he checks in.
 

vacationhopeful

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I had a decent inquiry for one of the TS weeks over this upcoming holiday period ... except they rented an Airbnb unit in a private condo for less money in South Florida near the beach.

I wished them well ... eight blocks off the beach or in a 1960s old lady's condo might be TOO MUCH atmosphere verses a Wyndham TS condo.
 

skimble

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I am using Airbnb for the first time this year. I am pleased with the fees-- very reasonable. And, the exposure is phenomenal. I've had three inquiries and two people who are renting.
The down side--- Renters aren't looking for a full week; they want 2-3 nights (especially for a Vegas rental.)
Also, Airbnb is required to report to the IRS. (My timeshare income is simply hobby money.)
And finally, their cancellation policy is a time bomb for the timeshare owner. It's your biggest risk... they allow renters to cancel 1 day before arrival for a full refund. You can stipulate a 50% forfeiture for cancellation one week out, but even a week is not good enough for us.
 

JudyS

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.... their cancellation policy is a time bomb for the timeshare owner. It's your biggest risk... they allow renters to cancel 1 day before arrival for a full refund. You can stipulate a 50% forfeiture for cancellation one week out, but even a week is not good enough for us.
I see that as a big problem, too. They do sometimes offer landlords the possibility of a "super strict" cancellation policy, but only for festival weekends and other very limited times/places.

Also, communicating with the renter is much harder than with TUG, Craigslist, or Redweek. (Communicating with a renter is hard with eBay, to.)
 

Robert D

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I see that as a big problem, too. They do sometimes offer landlords the possibility of a "super strict" cancellation policy, but only for festival weekends and other very limited times/places.

Also, communicating with the renter is much harder than with TUG, Craigslist, or Redweek. (Communicating with a renter is hard with eBay, to.)

You have to be approved for the super strict 30 or 60 day terms but I didn't have any problem getting approved. The fee to the landlord goes up from 3% to 5% for super strict terms but you get paid 100% of the money when the rental becomes non refundable. So, if you have super strict 60 days terms, you get paid 59 days before check-in. This is basically the terms I've always done for my rentals.
 
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