• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Are we paying too high maint fee if RCI could rent them cheaper?

usa264

TUG Member
Joined
Dec 19, 2011
Messages
10
Reaction score
0
Points
0
Location
Boston
How could RCI offer for rent weeks cheaper then maintenance fee owners pay? Does this mean that we, the owners, paying too match?

Assumptions is that every owner pays the same maintenance fee for similar units similar color. The only exception would be weeks that are abended or not sold - in this case maintenance fees for those weeks, probable, is splitting between other owners.

Who pays maintenance for weeks RCI offering for rent?

Did anyone tried to contact their resorts and ask where RCI got those weeks?

If RCI could offer weeks cheaper then maintenance fee it means that we overpaying our maintenance fees.

This is within our resorts, within our reach and we vote for resorts management.
 

Ridewithme38

TUG Member
Joined
Jul 14, 2010
Messages
3,325
Reaction score
4
Points
273
Location
Long Island, NY
How could RCI offer for rent weeks cheaper then maintenance fee owners pay? Does this mean that we, the owners, paying too match?

Assumptions is that every owner pays the same maintenance fee for similar units similar color. The only exception would be weeks that are abended or not sold - in this case maintenance fees for those weeks, probable, is splitting between other owners.

Who pays maintenance for weeks RCI offering for rent?

Did anyone tried to contact their resorts and ask where RCI got those weeks?

If RCI could offer weeks cheaper then maintenance fee it means that we overpaying our maintenance fees.

This is within our resorts, within our reach and we vote for resorts management.

You pay maintance fees for the weeks RCI rents, when you deposit a week, and it doesn't get exchanged, what do you think happens to that week?
 

timeos2

Tug Review Crew: Rookie
TUG Lifetime Member
Joined
Apr 11, 2005
Messages
11,183
Reaction score
5
Points
36
Location
Rochester, NY
Cheap rentals hurt everyone but what a deal they can be!

When you get your inventory for free (the owner/depositor has paid it) you can rent it for any amount and make money. They often try higher rental prices but if there is a glut of deposits or the ones they have don't rent (notice that somehow TRADE, the supposed reason they exist is not a factor) then they cut the price. Often far below the fees the owner paid. And that hurts all owners as they don't see the value to ownership anymore and tryig to rent you ae competing against a group that gets inventory for free.

It is not a good situation. We stopped depositing many years ago & today use RCI only for the cheap rentals. I detest them but the value offered is too good to pass up. Still, I wish they wouldn't do it as it is detrimental to all timeshare owners and not what the system was all about when formed. I agree with Carolinian on this subject.
 

usa264

TUG Member
Joined
Dec 19, 2011
Messages
10
Reaction score
0
Points
0
Location
Boston
You pay maintance fees for the weeks RCI rents, when you deposit a week, and it doesn't get exchanged, what do you think happens to that week?

I'd understand when it happens with week close to check-in time - if they can't be exchanged RCI try to rent them - "Last Call".

What about weeks that RCI offers 6+ months before checkin time? Those weeks could be exchanged - and should be in exchange pool and not available for rent.
 

Ridewithme38

TUG Member
Joined
Jul 14, 2010
Messages
3,325
Reaction score
4
Points
273
Location
Long Island, NY
I'd understand when it happens with week close to check-in time - if they can't be exchanged RCI try to rent them - "Last Call".

What about weeks that RCI offers 6+ months before checkin time? Those weeks could be exchanged - and should be in exchange pool and not available for rent.

These are weeks with VERY high deposit amounts, amounts that are above and beyond the average amount they are able to exchange...It's all for the greater good, if it wasn't for these rentals, RCI wouldn't be able to keep the fees as reasonable as they do right now
 

tschwa2

TUG Review Crew: Veteran
TUG Member
Joined
Dec 19, 2008
Messages
16,061
Reaction score
4,710
Points
748
Location
Maryland
Resorts Owned
A few in S and VA, a single resort in NC, MD, PA, and UT, plus Jamaica and the Bahamas
I'd understand when it happens with week close to check-in time - if they can't be exchanged RCI try to rent them - "Last Call".

What about weeks that RCI offers 6+ months before checkin time? Those weeks could be exchanged - and should be in exchange pool and not available for rent.

According to the lawsuit from a few years back RCI can immediately put deposits into the rental pool if it is deposited less than 10 months prior to start date and there is no outstanding ongoing search for the unit. Its convenient for RCI too that the ongoing search function has been malfunctioning for the last several months. Inventory that is deposited from members that becomes available for rental SHOULD also be available for exchange unless RCI deposits non-exchange (developer deposits, etc) inventory into the exchange pool for members. Member deposits prior to 10 months can be rented after being available only to ongoing request and exchangers for at least 30 days. Generally RCI wants to make as much money as possible so if a rental is available far in advance and it is priced very low it usually means that there is a lot of inventory and RCI feels they can't get any more.
 

aliikai2

TUG Review Crew: Veteran
TUG Member
Joined
Jun 6, 2005
Messages
2,121
Reaction score
3
Points
398
Location
Yuma Arizona
RCI stands for Rental Condominiums Incorporated

When you join RCI you agree that they can do what ever they want with any week you give them, and they do just that.

Since 2008 their income statements show more income from rentals than from exchanges.

Is it fair?

Heck no, can you do anything about it?

Of course, you don't give them any good weeks, once your membership expires you don't do business with them.

There are several very good independent exchange companies, Platinum, SFX, HTSE, DAE, and the recently acquired by II TPI
that do a pretty good job.

fwiw,

Greg

I'd understand when it happens with week close to check-in time - if they can't be exchanged RCI try to rent them - "Last Call".

What about weeks that RCI offers 6+ months before checkin time? Those weeks could be exchanged - and should be in exchange pool and not available for rent.
 

icul8rg8r

TUG Member
Joined
Dec 13, 2011
Messages
90
Reaction score
0
Points
116
Location
Seattle area
Along this line of discussion, my question is this: can you deposit your unit with RCI and then exchange it for another HGVC unit (that, like in the case of the original poster, may be cheaper/requires less points) than if you did a club exchange with Hilton
???
 
Top