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.All My weeks are July-August weeks at Marriott Newport Coast.
Where do I go to rent these weeks?
Thanks!
Paul
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).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.
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.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
What is the upfront fee cost?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.
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.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!
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.
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!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!
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.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
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.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 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.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 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?