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Change to Redweek process and all those extra fees... And not in a good way....

All My weeks are July-August weeks at Marriott Newport Coast.

Where do I go to rent these weeks?

Thanks!

Paul
 
All My weeks are July-August weeks at Marriott Newport Coast.

Where do I go to rent these weeks?

Thanks!

Paul
First, you need to rent for a reasonable cost. People set their prices too high for some high-demand resorts. You can use RW verify/ protect, there is a cost. I pay $60 as a repeat renter. You can list with go-koala without paying anything. That is ideal. I wish all sites would take their profit after the week is rented out of the proceeds. TUG is still a good place to go but TUG members are not a good market for many rentals because we are all cheapskates. My Resort Network is not free and a risk to rent, but everything is a risk, except TUG and go-koala.com.

I don't like paying money for nothing. I have had a lot of listings expire without renting on RW but I have also had some successes. It's a mixed bag. TUG and go-koala.com are no brainers. Ignore people who say either site is a waste of time. Koala is easy to list, takes minutes to list.

To save credit card fees, you can always ask renters to pay through Zelle or another free method. Paypal fees for credit cards are high.

Also, you should use a contract, if you use TUG or My Resort Network. There are several on TUG in the advice section. Timeshare Von's is the one I have used for 18 years.
 
Yes. I chatted with David's. Told them I had a Saratoga Springs early June. And was told that there were no fees whatsoever and I would be paid "16 points".

Not sure what that means but it appears that they would accept your points rather than having you first use those points to lock in a specific week at a specific resort. So, if that's the case, there is a very real possibility that Redweek's format, in requiring that there must already have been a specific week, may very well have a much higher percentage of exchange weeks in their listings. It will be interesting to see if Redweek will have anywhere near their present number of DVC listings going forward.
I think you may have misunderstood. David’s was probably telling you they’d list your week as a confirmed reservation, and when someone agrees to rent it then David’s will pay you $16 per point. They usually pay you something like 75% of that amount when the renter gets confirmation in their name and the remaining 25% when they check in. David’s doesn’t charge you anything to list it; they charge the guest $18 or $20 a point (I don’t know what their markup is right now).

But most of David’s business works the other way around - the owner makes whatever number of points available, and David’s helps them find someone (or several someones) who wants a reservation that takes that many points.
 
I own a two bedroom unit at Tahoe Edgelake Beach Club. It’s one of the few lakefront properties in Lake Tahoe that’s available to the public. Small 32 unit complex. Summer weeks are impossible to get because you have to call in one year ahead of time to make reservations. I’ve tried renting my summer week on Redweek with no success. I’ve tried placing an ad on Sacramento area Craigslist but my listing disappears. I doubt the folks at Koala would even want this as a listing. Not a fancy resort but families keep going back to it every year as it even has its own beach. There is a Facebook group for Tahoe Edgelake owners but most people offer to switch their fall/spring weeks for my summer reservarion.
Any ideas on where to list this for rent?
 
You might try airbnb just like people who rent out parts of their homes. Anyone can do so. But it's a bit more tricky because you have to set your calendar to only offer your very specific week...which means you have to block off all other weeks by declaring them not available.

Before doing so, just make sure with your resort that you will be able to designate a guest (i.e. a tenant). And ideally, make sure that the resort would allow you to rent your week out to multiple renters. Meaning something like three days one tenant, four days the next. You'd then have to arrange and pay for a midweek cleaning. I therefore like to set my minimum stay requirement to three days.

The partial week capability is particularly important as most airbnb renters, and most humans in general, don't want to stay anywhere for seven straight days. Most busy people just want a quick getaway somewhere. So people from Sacramento, San Francisco, Oakland, Alameda, San Jose, etc. will be good candidates for you. If they've got an entire week to "vacation", they may move on to a second resort perhaps a hundred miles away, but still don't want to stay at any one place for an entire seven days.

Perhaps retired people like the 7 day stay. Or perhaps unemployed people like the tens of thousands of federal employees that will soon be separated or accept early retirement from their jobs. But that's not how most working people vacation anymore.

Indeed, perhaps you yourself don't want to stay there for an entire seven days, but would be willing to stay for 3 days. Then plan on a midweek cleaning to rent out the following four days.

I've never tried them, but VRBO and booking.com may also be possibilities. The more your timeshare appears, the more likely it is to rent. And it likely will rent if you don't charge too much.
 
Not sure why anybody would use Redweek anymore when there's a better site - FindingMeili.com... it allows owners to list their unit, DIY for around 16 bucks. They also have a clone feature for 5 bucks. I had two desert springs units, and cloned them. 4 listings for WAY less than one redweek DIY AD
Thanks for sharing your experience with FindingMeili.com. I reviewed their site and am curious. Would you mind sharing more details of how their system works? They provide some info, but more detail would be helpful, especially since you've used the site.

The upfront fee is very reasonable and it sounds like there are no other fees based on success. I am curious if they hold the funds like others do or if everything is handled directly between owner and renter. Any other insights you can share would be helpful.
 
Thanks for sharing your experience with FindingMeili.com. I reviewed their site and am curious. Would you mind sharing more details of how their system works? They provide some info, but more detail would be helpful, especially since you've used the site.

The upfront fee is very reasonable and it sounds like there are no other fees based on success. I am curious if they hold the funds like others do or if everything is handled directly between owner and renter. Any other insights you can share would be helpful.
What is the upfront fee cost?
 
Basic membership is free. The Platinum Membership is $15 annually. Details are available at findingmeili.com.

 
Another example of the rich using their riches to squeeze out everyone to the detriment of the owner who is forced to pay more and loss control and the renter who is forced to pay more. I've had a great run of renting Marriotts on RW for 20 years and up until now the changes were manageable but this latest is a bridge too far so it looks like that run is over.

Now the question is who doesn't try to control the money? It obviously a way for these companies to make interest holding this money. Its a shameless money grab with a total disregard for owner and renter.
 
we have seen a significant bump in listings in the marketplace in the last month! hopefully folks are able to find buyers and renters with more traffic to the site!
 
we have seen a significant bump in listings in the marketplace in the last month! hopefully folks are able to find buyers and renters with more traffic to the site!
Well I just added mine to the TUG Marketplace. I will also try to push all my clients to TUG and begin to really promote it. Those of us that rent our units or for anyone who rents TSs should do the same. This is typical Big Business extorting services fees from a captive owner base and rental clients. I have to be honest , RW and Facebook have been my exclusive rental resources for years, so I never even considered TUG Marketplace. At first glance it seems like a very functional platform. I've been worried RW was going to pull something like this. They must think they know that for everyone they, lose the sheer size of the money grab will cover the losses because make no mistake this is a big money grab. Not only are they extorting the owners for $99 but every single renter is now are forced to pay the significant service fee and of course they keep the money in their banks to earn the interest float.
 
I’m not so sure. A Google search for “D.V.C. rentals” turned up quite a list of online agencies, and RedWeek wasn’t on it. Maybe people who are accustomed to using RedWeek for timeshare rentals in general might look at RedWeek, but someone who reads about renting D.V.C. and isn’t familiar with RedWeek might not. And the ones who do find RedWeek as well as the other D.V.C. rental agencies might prefer an agency that “specializes” in D.V.C.

we have seen a significant bump in listings in the marketplace in the last month! hopefully folks are able to find buyers and renters with more traffic to the site!
Just my 2 cents as a small TS owner in the past few years I have sold 3 time shares and rented 2 as well as buying 1. I have used tugg for all. Everyone was simple to post and sold or rented in less than a week. As a small time player I'm very happy with tugg!😊
 
Here is a better breakdown. $231.25 of that is taxes to the state of Florida. Redweek gets the $148+191.50 minus any merchant credit card processing fees.
View attachment 106857
I have Club Wyndham Access points. When I booked a resort thru Wyndham as a owner or for a guest I pay no taxes. The HOA paid all necessary taxes thru my maintenance fees.
So , why does Redweek charge for taxes since they have been paid?
 
I have Club Wyndham Access points. When I booked a resort thru Wyndham as a owner or for a guest I pay no taxes. The HOA paid all necessary taxes thru my maintenance fees.
So , why does Redweek charge for taxes since they have been paid?
Redweek is collecting transient rental taxes. The taxes you paid were property taxes. Many states require owners who are renting out residences (think Vrbo and Airbnb) to collect accommodations taxes. That is what Redweek is collecting.
 
Our two full service RedWeek Ads went live at 2pm pacific time today. As of 5 pm one has already been rented at full ask. We bumped up the price to cover the expense. The cost was $158.99. $59.99 for the full service ad plus $99 for a successful rental. I’ve accepted the rental and will process the guest certificate this evening. No muss no fuss. Can’t complain about that.
 
Hi tuggers

I'm contemplating renting 1 week from one of my U.S timeshares.

I see that redweek requires you to receive payment through them, and not receive it directly from the renter.

I'm international, and I have tried asking redweek, but I haven't received a clear answer, but how would my rental income be taxed in the U.S? Redweek claims that they won't deduct any funds from the income but sends all of it to me. I assume that I need to pay some of it to the IRS, if so how and how much?
 
Hi tuggers

I'm contemplating renting 1 week from one of my U.S timeshares.

I see that redweek requires you to receive payment through them, and not receive it directly from the renter.

I'm international, and I have tried asking redweek, but I haven't received a clear answer, but how would my rental income be taxed in the U.S? Redweek claims that they won't deduct any funds from the income but sends all of it to me. I assume that I need to pay some of it to the IRS, if so how and how much?
I don't think Redweek issues a 1099 for rental payments, do they? If not, then they shouldn't withhold anything. That said, there could be some withholding requirement based on IRS rules. I haven't kept up with them.
 
I have Club Wyndham Access points. When I booked a resort thru Wyndham as a owner or for a guest I pay no taxes. The HOA paid all necessary taxes thru my maintenance fees.
So , why does Redweek charge for taxes since they have been paid?

Florida has an odious Sales & Use Tax on Short-term Rentals. RedWeek.com collects and forwards the tax when a listing is full-service with on-line booking.
 
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