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How much to expect to rent MVC unit?

TSKing

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If I use my Destination/Abound points to reserve a MVC timeshare unit and then want to rent it out, how much can I expect to make on a per point basis? From what I can see just looking at listings on Redweek, if I were to reserve that unit with points at about the same time, I might get a little more than my maintenance fee back. If I make $1 per point that I spent to reserve a unit, is that reasonable? I'm sure popular holiday times can get more, but it is also hard to find those times available using points. I also want to price it reasonably so as to rent it out in a reasonable time frame so as not to get "stuck" with it or cancel my reservation and restrict the points I have. Please let me know your experiences or your thoughts. Thanks.
 

jwalk03

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It varies widely. Just depends how desirable the resort and week you have booked are.
 

Pamplemousse

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Have a look at redweek to see what your specific week is going for and how much competition you would have if you list.
 

davidvel

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If I use my Destination/Abound points to reserve a MVC timeshare unit and then want to rent it out, how much can I expect to make on a per point basis? From what I can see just looking at listings on Redweek, if I were to reserve that unit with points at about the same time, I might get a little more than my maintenance fee back. If I make $1 per point that I spent to reserve a unit, is that reasonable? I'm sure popular holiday times can get more, but it is also hard to find those times available using points. I also want to price it reasonably so as to rent it out in a reasonable time frame so as not to get "stuck" with it or cancel my reservation and restrict the points I have. Please let me know your experiences or your thoughts. Thanks.
Redweek will definitely get you your best gauge of the market. The consensus prices for the weeks there are fairly accurate. I do worry that you are asking such a basic question and yet are endeavoring to rent out weeks. It is not for the faint of heart.
 

jmhpsu93

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I'll just note that the rental market is pretty volatile, especially the last five years as we moved in and out of COVID (2019 normal, 2020 shut down, 2021 uncertain, 2022 revenge travel, 2023 still booming, 2024 now a little saturated). It's going to take some time for the new normal to settle in, but I think we're getting there and it's not going to be like it was. There has also been an influx of owners looking to rent to offset the maintenance fees which has dropped rates some.

I still do OK for my limited rentals on the points week rentals but the market is a little scary right now on the supply side.
 

TSKing

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Redweek will definitely get you your best gauge of the market. The consensus prices for the weeks there are fairly accurate. I do worry that you are asking such a basic question and yet are endeavoring to rent out weeks. It is not for the faint of heart.
Yes I guess it is a basic question because I have not rented out a timeshare week before. I know there is a lot of risk or a price has to be adjusted so it can be rented out before you lose out on everything. (I have season tickets for NBA team and I try to sell them when I cannot go and it sometimes can be a "crap shoot"! ) It seems there are a lot of units out there on Redweek that are available even in the next week or two. That's cutting it close. I would not be renting out a deeded week, but a week obtained using my points. Ideally if there was some difficulty to rent it, I could remove the listing and cancel the points reservation before 60 days from Check in so that the points are not restricted and I can use them for something else. My question on this post is really about how much money can I expect to make or even lose? For example, if the maintenance fee I have already paid is 75 cents per point (strictly hypothetical) can I expect to make that much at least from renting the unit out? Hypothetical situation: I obtain a Studio in Hawaii for 2000 points. If I can rent it for $2000 that's $1 per point. Is that exceptional, or just good? If I rent it for $1500 that's 75 cents per point and pays the maintenance fee. But the rental price might be more enticing to attract more people. Should I just be happy to make my maintenance fee? As another example, I have been using my points to go on Collette tours. These have been great experiences and I don't regret using my points for them. But I'm only getting a value of about 45 cents per point if comparing the number of points used vs. the retail price of the tour.
 

davidvel

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Yes I guess it is a basic question because I have not rented out a timeshare week before. I know there is a lot of risk or a price has to be adjusted so it can be rented out before you lose out on everything. (I have season tickets for NBA team and I try to sell them when I cannot go and it sometimes can be a "crap shoot"! ) It seems there are a lot of units out there on Redweek that are available even in the next week or two. That's cutting it close. I would not be renting out a deeded week, but a week obtained using my points. Ideally if there was some difficulty to rent it, I could remove the listing and cancel the points reservation before 60 days from Check in so that the points are not restricted and I can use them for something else. My question on this post is really about how much money can I expect to make or even lose? For example, if the maintenance fee I have already paid is 75 cents per point (strictly hypothetical) can I expect to make that much at least from renting the unit out? Hypothetical situation: I obtain a Studio in Hawaii for 2000 points. If I can rent it for $2000 that's $1 per point. Is that exceptional, or just good? If I rent it for $1500 that's 75 cents per point and pays the maintenance fee. But the rental price might be more enticing to attract more people. Should I just be happy to make my maintenance fee? As another example, I have been using my points to go on Collette tours. These have been great experiences and I don't regret using my points for them. But I'm only getting a value of about 45 cents per point if comparing the number of points used vs. the retail price of the tour.
The rental prices on Redweek or elsewhere are not directly tied to wht you or anyone else pays in MF, they are based on the overall market (supply/demand) to rent those weeks. I can't do the calculations on every week vs. your particular MF/point (which I do not know.) You can. Just look at sample weeks, take an average rental listing price and then go look at what that week costs to book in points. This could be a monumental task if you want to lok at a lot of resorts/dates.

As for your Collete tour reference, I assume the points you use cost more than $.45 each. If so you are throwing money away vs. paying cash.
 

tschwa2

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The trick is to find something that is fairly high demand but Marriott undervalues the rental period and the points are low vs the actual demand for the week. Sometimes that is finding a concert or even that Marriott didn't factor into the points requirement. Be careful about event like sporting events especially super bowl because people don't know what team until fairly last minute.
 

GrayFal

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Don't kill the messenger.

My understanding is that Marriott week owners can reserve at their home resort and rent.

Reservations made with Abound Points can not.

Home Resort reservations with Westin/Sheraton/Vistana can be rented.
StarOptions Resies can not.
 

tschwa2

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Don't kill the messenger.

My understanding is that Marriott week owners can reserve at their home resort and rent.

Reservations made with Abound Points can not.

Home Resort reservations with Westin/Sheraton/Vistana can be rented.
StarOptions Resies can not.
While Vistana has that prohibition, Marriott (both trust points and enrolled marriott weeks that elect points) don't seem to have that restriction.
 

philemer

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The trick is to find something that is fairly high demand but Marriott undervalues the rental period and the points are low vs the actual demand for the week. Sometimes that is finding a concert or even that Marriott didn't factor into the points requirement. Be careful about event like sporting events especially super bowl because people don't know what team until fairly last minute.
Actually, Super Bowl week is always a safe bet b/c you always know a couple yrs in advance where it's going to be played. Doesn't matter which teams are playing as there are hundreds of thousands of fans for each NFL team. :banana:

Go Vikings.
 

VacationForever

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Don't kill the messenger.

My understanding is that Marriott week owners can reserve at their home resort and rent.

Reservations made with Abound Points can not.

Home Resort reservations with Westin/Sheraton/Vistana can be rented.
StarOptions Resies can not.
I doubt that is true wrt Abound points. Many of us own Destination Club points and being an owner of DC points mean that we own at all resorts. We are not prohibited from renting out reservations made with Abound points. I know owners can elect their weeks for Club points and that opens up another can of worms. MVC cannot differentiate between the source of points for the reservations.
 

GrayFal

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While Vistana has that prohibition, Marriott (both trust points and enrolled marriott weeks that elect points) don't seem to have that restriction.
Actually Marriott does for reservation made with Abound points either trust or elected.
Only deeded week owners can rent out their deeded (floating) week units.

I learned this from reading multiple posts on TUG

AFAIK they are not policing or enforcing the rule but things can change.
 

VacationForever

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Actually Marriott does for reservation made with Abound points either trust or elected.
Only deeded week owners can rent out their deeded (floating) week units.

I learned this from reading multiple posts on TUG

AFAIK they are not policing or enforcing the rule but things can change.
True, I was one of the people who reported that I got a PM from someone who was contacted by MVC prohibiting renting out a points reservation that extended a deeded week reservation. That person was a mega renter.
 

dioxide45

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The prohibition seems to be around point reservations made through the MVC Exchange Company. Many trust point reservations also go through MVCEC.
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rickandcindy23

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True, I was one of the people who reported that I got a PM from someone who was contacted by MVC prohibiting renting out a points reservation that extended a deeded week reservation. That person was a mega renter.
The lovely mega renters are apparently labeled that term in other systems besides Wyndham. We used to be mega renters of Wyndham, now we are mega renters of Sheraton Broadway Resort.

I am considering purchasing a couple of more oceanfront center weeks at WKOR. If I get two more, total of four, does that make me a mega renter? ;) Just how many does it take?

There is a company run by a couple of women that have rented a few of my weeks, including a few Westin for me. The woman I talked to basically said that they make money off of others' ownerships. They paid me immediately for the rental. It was a win-win for me.
 

VacationForever

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The lovely mega renters are apparently labeled that term in other systems besides Wyndham. We used to be mega renters of Wyndham, now we are mega renters of Sheraton Broadway Resort.

I am considering purchasing a couple of more oceanfront center weeks at WKOR. If I get two more, total of four, does that make me a mega renter? ;) Just how many does it take?

There is a company run by a couple of women that have rented a few of my weeks, including a few Westin for me. The woman I talked to basically said that they make money off of others' ownerships. They paid me immediately for the rental. It was a win-win for me.
Well, you are a mega renter with SBP. :)
 

dioxide45

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There is a company run by a couple of women that have rented a few of my weeks, including a few Westin for me. The woman I talked to basically said that they make money off of others' ownerships. They paid me immediately for the rental. It was a win-win for me.
There are several broker services out there. Vacation Candy being one but several smaller ones that also make reservations with MVC Club Points and rent them out.
 

davidvel

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I would say that mega renters are generally people that have lots of units to rent out, and do so primarily with a profit-driven purpose vs. using timeshare.
 

jwalk03

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Actually, Super Bowl week is always a safe bet b/c you always know a couple yrs in advance where it's going to be played. Doesn't matter which teams are playing as there are hundreds of thousands of fans for each NFL team. :banana:

Go Vikings.

I don't know. There were tons and tons of units in Vegas and Phoenix the last two years that seemed to go un-rented or were drastically reduced in price last minute to try and un-load them. Maybe some owners had success- but it seemed to be far from a slam dunk.
 

dioxide45

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I don't know. There were tons and tons of units in Vegas and Phoenix the last two years that seemed to go un-rented or were drastically reduced in price last minute to try and un-load them. Maybe some owners had success- but it seemed to be far from a slam dunk.
Yeah, special events don't seem to do well for timeshare rentals. Everyone seems to all have the same idea and dreams of making bank with big rental $$$. It doesn't usually work out well.
 

vacationtime1

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Actually, Super Bowl week is always a safe bet b/c you always know a couple yrs in advance where it's going to be played. Doesn't matter which teams are playing as there are hundreds of thousands of fans for each NFL team. :banana:

Go Vikings.
Not so easy (but very stressful given the short time frame for renting). I did it once and never again.
 
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