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Attempt to rent out or deposit - must decide today

brianfox

TUG Member
Joined
Apr 14, 2007
Messages
797
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Location
Thousand Oaks
Resorts Owned
Marriott Waiohai x3
I own a Waiohai week for July 17 arrival.
I was an earlier week but I called Marriott to move as late in the year as I could (FYI, as of today, there are no later Island View dates available for 2020)

So now I have to decide while still outside the 60 day window:
Do I deposit into Interval?
Do I try to rent it out for whatever I can get with a no refund policy?

I'm looking at Redweek, and I see so many listings in the near future and into July. Very few "booked", although Redweek is probably too flustered right now to update their site.

Hawaii recently extended the 14 day quarantine for travelers through the end of June.
I have little reason to believe they won't extend it till end of July.
If they opened in July, I'd imagine some very high rentals happening.

I have 4 other Marriott Hawaii weeks that I was able to push off till October and December, hoping to be able to rent them between now and then. Just wasn't able to get lucky with this one.

So what would you recommend?
Do you think I'd have takers for a July rental? Or don't gamble it; just deposit it while it has power?
 

jancurious

TUG Review Crew: Rookie
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Roseville, CA
I would deposit it also. Even if it opens in July, if there are so many rentals out there, you have a lot of competition. This is going to go on for quite awhile so you will be able to get something good with that Interval week. However, I will say that Hawaii has the highest unemployment rate in the country (per capita) at 37% so even though their approach has worked very well for suppressing the virus' spread, I can't imagine that they can go on like this much longer from an economic point of view.
 

ljmiii

TUG Review Crew
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How familiar are you with II, how flexible are your vacation dates, do you already have a II account, and is your week enrolled? If it is enrolled your MVC II account will protect you from fees and give you unlimited retrades (to MVC properties). If not, you could pay II's fees and never see a trade.

After two years of trying my Waiohai July 2018 OV week never saw a trade (a slight lie as I did succeed in getting into MMC a few weeks ago...we'll see if we can go).

On the other hand, I did find an O'ahuian who wanted my July Hilton Hawaiian Village OF week. But I didn't get any cash...just goodwill from coordinating my cancellation and his snapping it up with HGVC points.
 

TheTimeTraveler

TUG Member
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Jan 23, 2008
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Florida
I own a Waiohai week for July 17 arrival.
I was an earlier week but I called Marriott to move as late in the year as I could (FYI, as of today, there are no later Island View dates available for 2020)

So now I have to decide while still outside the 60 day window:
Do I deposit into Interval?
Do I try to rent it out for whatever I can get with a no refund policy?

I'm looking at Redweek, and I see so many listings in the near future and into July. Very few "booked", although Redweek is probably too flustered right now to update their site.

Hawaii recently extended the 14 day quarantine for travelers through the end of June.
I have little reason to believe they won't extend it till end of July.
If they opened in July, I'd imagine some very high rentals happening.

I have 4 other Marriott Hawaii weeks that I was able to push off till October and December, hoping to be able to rent them between now and then. Just wasn't able to get lucky with this one.

So what would you recommend?
Do you think I'd have takers for a July rental? Or don't gamble it; just deposit it while it has power?




Depositing it is a sure bet. Renting it is a gamble. Go with the sure bet.



.
 

Steve Fatula

TUG Member
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Jun 12, 2017
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Calera, OK
I'll pile on, deposit it NOW!!! You don't want to be within 60 days. Hopefully, you have an II account and your timeshare is in it as otherwise the account needs to be set up, taking some time.
 

icydog

TUG Review Crew: Expert
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Central NJ
DEPOSIT IT!!
 

brianfox

TUG Member
Joined
Apr 14, 2007
Messages
797
Reaction score
446
Location
Thousand Oaks
Resorts Owned
Marriott Waiohai x3
UPDATE: Deposited at 61 days out (might be 62).

Just to be clear, since today is Saturday, I won't face some dumb thing like II transacting on Monday and saying it is 59 days, will I?

Thank you all for the advice
 
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