General rental advice?

[somegeek]

Wife and I would appreciate some advice on renting out a week. We tried renting a Los Cabos studio in Feb on RW at a (relatively) attractive price, starting 8 mos out and lowering as we got close, but no takers. We would appreciate any advice for renting a week (location, time of year, # BRs) that could significantly help us recoup our MFs. We have 145k options for this year. (And yes, we're TUG noobs.) TIA.

 

[RENTER]

Wife and I would appreciate some advice on renting out a week. We tried renting a Los Cabos studio in Feb on RW at a (relatively) attractive price, starting 8 mos out and lowering as we got close, but no takers. We would appreciate any advice for renting a week (location, time of year, # BRs) that could significantly help us recoup our MFs. We have 145k options for this year. (And yes, we're TUG noobs.) TIA.

RW limits you to those familiar with timeshares. Some may try to get you down to a lower price waiting you out. Expand your world to those not familiar with timeshares and will appreciate that you can save them money thru companies like Airbnb and VRBO

 

[DeniseM]

IMNSHO - Airbnb and VRBO and not a good fit for timeshare rentals, and aren't as convenient to use for timeshare owners.

Assuming that your price is competitive - I don't think the problem is Redweek. The rental market has been depressed for awhile, and with everything going on, I suspect a lot of potential renters are sitting on the fence, not sure if they want to commit to a vacation right now. YMMV

 

[VacationForever]

To get some perspective, how much were you asking for the studio for the week? If there were no takers, it is likely that you had asked for too much. Renting a studio out at Los Cabos is not going to be anywhere near what you are paying for your Maintenance Fees.

 

[tamu_bu]

You could parallel list on go-koala.com
Also list on Facebook pages for Westin, Marriott owners and resorts.

 

[somegeek]

To get some perspective, how much were you asking for the studio for the week?

Don't remember exactly (maybe $395/night?), but it was below most (all?) other studios we saw listed for the property. In fact, we received this from RW:

**In order to better assist you, I compared your pricing with others on the market and found other units priced higher. You may price your unit higher and still be competitive. To stay competitive, I would recommend pricing it $750- $850 per night. Please confirm if you wish to increase your price and the amount.​

In December we started lowering it, eventually giving up and booking airfare as we decided to just enjoy the week rather than cancel. Once there we met a couple that said they sold a week in Hawaii so now we're thinking that's probably a better destination. Problem for us: we're on the east coast so if we fail to rent, it's quite a trip out there.

Renting a studio out at Los Cabos is not going to be anywhere near what you are paying for your Maintenance Fees.

Understood; we're just looking for some relief.

You could parallel list on go-koala.com. Also list on Facebook pages for Westin, Marriott owners and resorts.

We're certainly willing to try different sites. Vacation Candy was recommended by our Vistana sales rep, but I saw they had bad reviews ever since Covid, so we avoided them. go-koala: Just read that Koala handles our txn like RW and only bills after a sale -- a better deal IMO. Will definitely try them.

Expand your world to those not familiar with timeshares and will appreciate that you can save them money thru companies like Airbnb and VRBO

We've rented several times from these vendors but never thought to post our timeshare with them. Have you (or anyone else) had success with Airbnb or VRBO?

with everything going on, I suspect a lot of potential renters are sitting on the fence, not sure if they want to commit to a vacation right now

Appreciate that. Maybe post a week in May, after people get their refunds?