Anyone having luck renting timeshares this summer?

[JudyS]

I'm just wondering if anyone is having any luck yet renting timeshares for this summer or fall/winter. I have had a few inquiries, but no definite rentals yet. Any one else doing better, and if so, where are things renting?

 

[needvaca]

I just rented mine... at slightly below maintenance fee.
It was a late July relisting for a renter who wanted to cancel out. I had no offers for a couple months and finally a low offer.

 

[tschwa2]

I think people are still looking for ocean front at drive to locations.
Non beach locations still have various amenities and/or area attractions closed or limited or just less desirable for those still looking to social distance.

 

[Tacoma]

No in fact just the opposite. I had 4 days of my week in Banff rented and the people cancelled last week. I doubt Americans will be able to travel here anyways as I think the border will remain closed. The good news is my husband and I can use it as it is just over an hour from home. In a perfect world I would rent 3-4 days of it and cover most or all of my maintenance fees and we would use the rest.

 

[R1964]

Rented Aruba for November

 

[chapjim]

No success but mostly because I haven't tried very hard.

I have a fixed week at Pine Acres Lodge on the Monterey Peninsula. Start date is June 14 but the resort canceled almost two weeks ago. I had a renter for that one. I had a May fixed week in New Orleans but they let me do an in-house exchange.

Most of my renting would be at Wyndham resorts and the current policy with respect to guests is such that I can't be 100% certain I can get a guest checked in. Opening dates for resorts has been vague as is the status of resort amenities -- pools, lazy rivers, hot tubs, fitness centers, restaurants and snack bars, etc.

I have a number of reservations at places that are popular in the spring but can be oppressively hot and humid in July and August. When I feel comfortable putting them up on listing sites, I will. I have tons of reservations in October-December (made with points returned from cancelling April-June reservations).

One other thing keeping rentals slow is that people are being cautious about going out. Despite being antsy after being home-bound for weeks/months, people are a bit afraid of stepping out. As hinted above, beach places probably do better than places inland. Plus, a lot of people are unemployed.

 

[CalGalTraveler]

DP: Not a timeshare but a drive-to short term vacation rental in a popular mountain area. Filled up summer schedule with higher covid rates in only a few days after opening up the calendar on AirBnB/VRBO:

AirBnBs in drive-to locations are popular this summer

FYI...The mountain resort area where our short term vacation home is located just opened up today for rentals. Demand is strong. We already have all but one week now booked in July and early August. We now must have a 2 day buffer between rentals for cleaning per ordinances, but renters are...

tugbbs.com

 

[swditz]

I have a week 52 Orlando I won't be using this year. Check in is Friday Christmas day. I am thinking of renting but would changing the check in to Saturday the 26th and check out on Jan 2nd be more appealing? If it doesn't rent I will role it into 2021 but I don't need another week next year!

 

[chapjim]

I have a week 52 Orlando I won't be using this year. Check in is Friday Christmas day. I am thinking of renting but would changing the check in to Saturday the 26th and check out on Jan 2nd be more appealing? If it doesn't rent I will role it into 2021 but I don't need another week next year!

I have the same week in New Orleans -- check in on Christmas Day, check out on New Year's Day. Nobody want to check out on New Year's Day in New Orleans!

 

[vol_90]

Successful Redweek rentals June / July at Marriott Crystal Shores, Marriott Oceana Palms, Marriott Ocean Pointe and Marriott Legends Edge all booked using 120 day holding points after cancelled Redweek reservations between March and May.

 

[A.Win]

I own lots of time at Massanutten VA and Williamsburg VA. I noticed that Massanutten is opening now, so demand is back to normal. Williamsburg is slower to re-open so interest is still very low. Massanutten is a mountain resort, so it should be a safer environment. There is more distancing. Both are also driving destinations, which should help as well.

I also have a homeexchange set up for July. Like TUG, doing member to member transactions seem safer to me rather than trusting an inexperienced AirBNB owner or dealing with Craigslist people.

 

[Free2Roam]

I've had surprising success renting most of my summer beach weeks
I didn't think people would be ready to travel so soon. These are fixed weeks in Myrtle Beach, Hilton Head, Panama City Beach, Jersey Shore. Jersey Shore rented pretty quickly and before I got around to removing the ad, I had a couple more inquiries. I still have a couple east coast beach weeks in August that haven't rented yet, but I'm hopeful.

I would always tell my family and friends that I work to travel... but I've been unemployed/under-employed for just over a year now, since my 25 yr IT job (working remotely) was outsourced offshore last summer. Now I'm working/training for a completely new career path. Therefore not a lot of traveling in my near future. I'm renting weeks I would have been using myself. So COVID made my situating a little bit scarier than it already was... because without the rentals I'd really be in trouble... possibly defaulting on maintenance fees next year. I have had to reschedule/deposit a couple New Orleans weeks I had for this summer. But overall, things are going well so far.

 

[jtp1947]

Successful July Maui Marriott rental however, the person is now asking for a refund due to the July quarantine. The rental agreement states that Covid 19 is a foreseeable risk and not grounds for refund.

 

[bbodb1]

Well, this thread seems to be the perfect place to ask this question - and I am asking as someone who has never rented any of their TS resources.
So as a complete newby to renting and one who really does not want to mess with the gory details any more than I have to, can someone please recommend an idea on how to pursue renting our TS assets?

 

[montygz]

Successful July Maui Marriott rental however, the person is now asking for a refund. The rental agreement states that Covid 19 is a foreseeable risk and not grounds for refund.

On June 1, Hawaii extended the 14-day mandatory quarantine for out-of-state visitors through July 31.

 

[sfwilshire]

Too bad I deposited my Gatlinburg weeks early with RCI. People are flocking to the mountains because so many of them are within easy driving distance.

Sheila

 

[sfwilshire]

I have a week 52 Orlando I won't be using this year. Check in is Friday Christmas day. I am thinking of renting but would changing the check in to Saturday the 26th and check out on Jan 2nd be more appealing? If it doesn't rent I will role it into 2021 but I don't need another week next year!

In a normal year, I would think the 26th would be better. I made the mistake once of driving to Florida on the 26th and the traffic was the worst ever. Looked like the snowbirds spent Christmas Day at home and then headed south. All lanes full of motor homes and campers.

I don't think people would want to go home on New Years Day either.

Sheila

 

[chapjim]

Well, this thread seems to be the perfect place to ask this question - and I am asking as someone who has never rented any of their TS resources.
So as a complete newby to renting and one who really does not want to mess with the gory details any more than I have to, can someone please recommend an idea on how to pursue renting our TS assets?

Go to Buying, Selling, & Renting Timeshares and look at the last line highlighted in red -- How To Rent Your Timeshare.

 

[47vampire]

I normally had no trouble renting my 2 Myrtle Beach weeks but both cancelled. One 4 th of July week and other renter has a special needs child and the child pool area is closed. Just felt it was limiting. I refunded them, banked some of it and made my 10 day reservation for my family. Can't wait. We would normally travel out of the US but not this year.

 

[rapmarks]

Well, this thread seems to be the perfect place to ask this question - and I am asking as someone who has never rented any of their TS resources.
So as a complete newby to renting and one who really does not want to mess with the gory details any more than I have to, can someone please recommend an idea on how to pursue renting our TS assets?

I would like an answer also. I had a broker, who took 30%, but 30j% was taken from cleaning fee also so I did not get much, and would only get two days rental out of a prime week. I have some more weeks, and would like to come close to helping pay maintenance fees.

 

[JudyS]

Thanks for all the answers! I was able to rent about half of my summer weeks. (One of my summer resorts is in a beach area, the other in a mountain area.)

 

[jules54]

I am super surprised that bbodb1 and rapmarks have never tried renting your timeshares. Your both so active and helpful on TUG. Through years of renting both my floating weeks contracts and my Wyndham points I have used alot of venues. Of course the most important thing is to have a rentable location during high traffic times. Im listing order of least favorite to most favorite. Redweek, Vacationtimesharerentals.com, TUG, myresortnetwork.com, VRBO, Ebay, Airbnb,Craigslist. Airbnb and Craigslist work well for my Wyndham Points Rentals. I know a lot of people won’t use Craigslist As there are more scammers and phishing going on there. I’ve been doing it long enough I can pick those out. Airbnb and VRBO,EBAY are more time consuming as far as ads and registration. I’ve seen scammers on VRBO,Airbnb maybe a newbie would not recognize . The good news is once you written an ad you can use it again and again from your files. Also with Airbnb,VRBO, EBAY you have to factor in their percentages. I’ve only lost money once in all the years I’ve been renting as I didn’t figure my percentages correctly. I’m thinking it was 50.00. Both VRBO and Airbnb have made rentals more difficult the last few years as they are requiring permit numbers from certain cities. I’ve found a way through AirBNB around that, but not with VRBO.
I feel some owners are not realistic in what they think their resorts are worth to rent. Especially this year. It’s better to break even or lose a bit then to eat the week. I try to remember in everything I sell IT ONLY TAKES ONE BUYER. Ive turned a few Daytona weeks over to rental agencies for bike week and done great. This was not one of those we take a percentage companies. They asked me what I wanted I told them they got me more than I expected and must have kept their profit out of a higher rental. The only times I’ve let a resort rent a week for me Has been when I’ve had a personal connection with the employee.
Renting takes time and effort. I’ve mentioned before that Travel/ Timeshare is my hobby. I wouldn’t be exaggerating if I said I spend a min. of 2 hours daily no matter where I am working on my Timeshare Portfolio Rentals.

 

[rickandcindy23]

Rented about 1/3 of my weeks, really were at my MF cost. SBP is usually a success for rentals. I am hoping to do better next year.

We rented our weeks at Hono Koa right before the shutdown of the island, and so that was successful, but I tend to rent it for under MF's and taxes, which drives Rick nuts. He knows it's tough to rent a generic resort for $1,950 for the week, even if it is 35 feet from the water. He still makes a comment each time. Our friends are renting it next year, and it should not be at a loss.

We own Wyndham points. Wyndham has not been cooperative with guest confirmations, but that may change at some point. So many points to roll over to next year. It could be really bad for us. At least we can drop some into RCI.

 

[rapmarks]

I have posted my rentals on tug and no inquiries at all

 

[The Colorado Kid]

I am super surprised that bbodb1 and rapmarks have never tried renting your timeshares. Your both so active and helpful on TUG. Through years of renting both my floating weeks contracts and my Wyndham points I have used alot of venues. Of course the most important thing is to have a rentable location during high traffic times. Im listing order of least favorite to most favorite. Redweek, Vacationtimesharerentals.com, TUG, myresortnetwork.com, VRBO, Ebay, Airbnb,Craigslist. Airbnb and Craigslist work well for my Wyndham Points Rentals. I know a lot of people won’t use Craigslist As there are more scammers and phishing going on there. I’ve been doing it long enough I can pick those out. Airbnb and VRBO,EBAY are more time consuming as far as ads and registration. I’ve seen scammers on VRBO,Airbnb maybe a newbie would not recognize . The good news is once you written an ad you can use it again and again from your files. Also with Airbnb,VRBO, EBAY you have to factor in their percentages. I’ve only lost money once in all the years I’ve been renting as I didn’t figure my percentages correctly. I’m thinking it was 50.00. Both VRBO and Airbnb have made rentals more difficult the last few years as they are requiring permit numbers from certain cities. I’ve found a way through AirBNB around that, but not with VRBO.
I feel some owners are not realistic in what they think their resorts are worth to rent. Especially this year. It’s better to break even or lose a bit then to eat the week. I try to remember in everything I sell IT ONLY TAKES ONE BUYER. Ive turned a few Daytona weeks over to rental agencies for bike week and done great. This was not one of those we take a percentage companies. They asked me what I wanted I told them they got me more than I expected and must have kept their profit out of a higher rental. The only times I’ve let a resort rent a week for me Has been when I’ve had a personal connection with the employee.
Renting takes time and effort. I’ve mentioned before that Travel/ Timeshare is my hobby. I wouldn’t be exaggerating if I said I spend a min. of 2 hours daily no matter where I am working on my Timeshare Portfolio Rentals.

What a great post @jules54 ! You had me until the 2 hours per day yikes....do you mind sharing how many properties you have in your rental portfolio to necessitate the 2 hours a day?