We are new to time sharing. Just bought at Orange Lake WV and very excited about it! My question, at the risk of sounding stupid is, if we go to deposit our week into RCI (as we can't use it this year), when I click deposit on the site, is it a done deal? Or are there steps to go through to confirm it? I want to get more info on it before I commit to depositing our week. We are also looking at renting it out just to cover our expenses, but that to me doesn't make as much sense as we would just be breaking even likely. Wouldn't it be better to put into the pool and also week 2017 as well to get alot of points, that way we'd really benefit? Any ideas? Thanks.
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depositing into RCI
- Thread starter kembjkk
- Start date
BevL
TUG Lifetime Member
It will just be deposited if you deposit it through RCI, but RCI will confirm the deposit with your resort, so it would take a few days, maybe a week or 10 days outside before you can use it to confirm an exchange.
As for what you should do, I guess it depends on what your goals are. You say you can't use it this year. Does that mean you're not vacationing this year? If so, or if you have plans that don't involve use of a timeshare, you might want to rent it out if you can truly cover your maintenance fees.
But if you have plans to take a trip next year and want the advantage of the points/TPUs, then yeah, depositing is a good idea. Remember that your deposit will expire two years from the date of your use week. So if you have a, for example, June 15th 2016 week to deposit, your use period would be from now until June 15th, 2018. You can pay to extend, at least if you have TPUs. If you have an RCI points account, I'm not much help.
As for what you should do, I guess it depends on what your goals are. You say you can't use it this year. Does that mean you're not vacationing this year? If so, or if you have plans that don't involve use of a timeshare, you might want to rent it out if you can truly cover your maintenance fees.
But if you have plans to take a trip next year and want the advantage of the points/TPUs, then yeah, depositing is a good idea. Remember that your deposit will expire two years from the date of your use week. So if you have a, for example, June 15th 2016 week to deposit, your use period would be from now until June 15th, 2018. You can pay to extend, at least if you have TPUs. If you have an RCI points account, I'm not much help.
You can definitely extend your RCI points past their expiration date for a fee.
How many points does your Orange Lake World Villa, is that the name??, get each year?
How much are your maintenance fees?
If you can tell me this I might be able to help you sort out which is best, either depositing your points into RCI or renting your unit out for cash
How many points does your Orange Lake World Villa, is that the name??, get each year?
How much are your maintenance fees?
If you can tell me this I might be able to help you sort out which is best, either depositing your points into RCI or renting your unit out for cash