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Last Minute Rental asking price

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CaliDave

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Maint fee's seem to have been going up 5-15% for the past few years, but the max asking price on LMR has stayed at $100/night for a long time

Is there anyway this can be adusted on a yearly basis or every so often?

I'm sure there are some great weeks that tuggers would put on LMR, if allowed to charge a litte more.
 

LICAL3

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I agree, it is difficult to post things on the LMR board because of the $$ cap which many times is less than the MF for the week. I think raising the cap to $1050/week or $150/night is more realitic given the rise in MF's.

ANY rise in the cap would certainly be welcomed IMHO!

LICAL3
 

DeniseM

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The down-side is that, it that it may attract a lot more non-tuggers who just want a free Ad or lots of free Ads... It seems like there are more and more "guests" with no prior posts, posting weeks on the LMB without reading or following the rules.
 

CaliDave

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CaliDave said:
Maint fee's seem to have been going up 5-15% for the past few years, but the max asking price on LMR has stayed at $100/night for a long time

Is there anyway this can be adusted on a yearly basis or every so often?

I'm sure there are some great weeks that tuggers would put on LMR, if allowed to charge a litte more.

This was a question for an Adminstrator? Doesn't anyone have a comment either way?
 

jerseygirl

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How about two separate boards:

-- Members only -- $150 maximum asking price
-- Keep the current board at $100 / night

Edit to clarify: Members only posting privileges -- Is that even possible, where only members can post but non-members can view?
 
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sfwilshire

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I don't think it would be unreasonable to require membership for posting at whatever price. I see frequent postings from at least one non-member and that seems a bit unfair. The TUG membership fee is certainly modest, particularly if one is gaining financially from using the site.

Sheila
 

timeos2

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Maximum Last Minute Rental pricing

CaliDave said:
Maint fee's seem to have been going up 5-15% for the past few years, but the max asking price on LMR has stayed at $100/night for a long time

Is there anyway this can be adusted on a yearly basis or every so often?

I'm sure there are some great weeks that tuggers would put on LMR, if allowed to charge a litte more.
It has been awhile since we discussed the maximum rate. For those who may not remember the LMRB was created to give TUG members a chance to get something out of a soon to expire unit at a great price. It almost didn't happen at all as it has the potential to undermine one of the revenue generating areas of TUG - the classified ads. So the original approach was to limit the maximum rate to $500 or $75/night. Sometime about 4 or 5 years ago it was raised to $100/night - $700/week. And then the wanted ads were added as well.

Given the original intent I have not really seen a need to raise the maximum rate. Even weeks that are at the maximum seem to go unused more often than not based on the responses posted. If a week really is worth $900-$1200 at 45 days out it is worth paying to post an ad for it.

I always take into consideration the opinions of those who use the BBS so if there is a groundswell to raise the amount I'd consider it. If you do think it should go up what is your magic number? Or is it doing what was intended as is?
 

Fern Modena

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If you are responding to John's question above, on whether you think LMR asking prices should be raised, please post whether you would be using the service as a person offering a unit for rent, or a renter. I would bet that while most people offering their units would like to see an increase, most renters are not interested in last minute rentals unless they are "bargain priced." I don't watch the board regularly, but I've noticed many times that LMRs prices are decreased incrementally and *still* don't go.

JMHO, of course.
Fern
 

jerseygirl

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I believe the current price is too low to attract premium weeks. I'd rather make a late deposit (trade in flexchange) than accept $700 for my better weeks. But, I would accept $1050 -- so, yes, I'm in favor of raising the limit to $150 as an occasional renter.

Even though I own more than enough weeks to meet my needs, I would be more than willing to pay $1050 for a special, hard-to-get week if the timing was right.

Wouldn't basic "supply v. demand" principles take care of the pricing issue that John and Fern raise? If people ask $1050 for a mud week, they won't get it. But, I think there are plenty of people willing to pay $1050 for a premium week.

JMHO.
 

Nicki

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I am in favor of raising it to $150/nt or $1050 per week. The $100/nt does not even cover maintenance fees at some resorts.

P.S. John, you do a great job and I am happy to be a TUG member (since 1997). Thanks for all your hard work!
 

DeniseM

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jerseygirl said:
How about two separate boards:

-- Members only -- $150 maximum asking price
-- Keep the current board at $100 / night

Edit to clarify: Members only posting privileges -- Is that even possible, where only members can post but non-members can view?

This idea gets my vote. It would prevent the board from becoming a dumping ground for weeks owned by nonmembers.

Either that, or raise the limit AND make the Last Minute Board a members only boards, just like the Sightings Board.
 

CaliDave

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I think somewhere between $125-$150

For example.. I had New Years at Flamingo in Vegas. I would have rented it for on Tug LMR if the rate was higher. The hotels are $600/night for New years.

I don't think Tug classifieds gets nearly the exposure of LMR, and I do check LMR's often, but almost never Tug classifieds. If I had a week I was renting for $1000, I would put it on Tug classifieds and LMR.

In the past 5 years, I'd guess most resorts MF's have gone up more than 50%. Why shouldn't LMR at least keep up with MF's. So those of us paying $1200 in MF's, have a place to get some of that back if plans change at the last minute.

If Tug would change the classified ads to be a little more modern like Redweek or My Resort Network. I would use Tug classified more often.

I emailed BIll 3 times as suggested by Makai Guy, but never got one response. If Bill isn't willing to put any of the ad revenue into a new classified site. I'm not willing to give him my advertising dollars
 

CaliDave

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If you made it a members only board.. you would lose a lot of prospective renters.

I don't see many people dumping weeks and even if they do.. just don't read them.
I see just as many wanted ads as ads for rent.

John,

I don't think we'll get a huge response with this thread on the "Tug BBS" board. I know I never read this board unless I have a question that belongs here.
 

philemer

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Let's keep up with inflation at least. I'd vote for $125-$150/day and $875-$1050/wk. I don't rent my weeks but I do look for decent rentals to use.

I think it would be a good idea to have 'renters' be members but allow anyone to read the board.

Phil
 

funtime

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Restrict listings to members

Hey, even Redweek now charges just to look at their listings. I would like to restrict this to a member benefit. That having been said, while I do not oppose an increase, most the weeks including all that I had posted have not sold. Funtime
 

generalras

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last minute rentals

While I agree maintenance fees keep going up...this is a last minute rental board...not a classified ad section. One would expect to find better prices for a last minute rental since it requires the person traveling to make concessions regarding last minute airfare, etc.

If someone knows how to post a numbers survery so tuggers can vote on it (not in a narrative format) and a substantial number of people vote in either direction...then by all means the majority should rule.
 

Heaps

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My vote is to stick with the $100/night. Possibly, $125 a night, but no way the $150/night as some suggested. This is a LAST MINUTE board and should NOT be for people trying to make money. It should be for people who planned on using their week and something happened 'LAST MINUTE' and they now need to rent it to either break even or possibly make a 'few' bucks.....not hundreds. If you are doing it to make money, post it on the for rent section! FYI, I am coming from the point of view as a buyer AND renter!
 

Avery

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I wouldn't want to see it go higher than $800 or $850 per week, regardless of which side of the bargain I was on. I think we need to be wary of LMR being used as a venue to profit on exchanges (though I have no problem with someone recouping costs in a pinch, especially given the way RCI kills you if you need to cancel).
 
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geekette

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Are you considering limiting the fractional owners, then, from frequent postings, if "only in a pinch" becomes a condition?
 

Lenora

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I think that if you are not a TUG member you should be able to read the board but you should not be able to post any listings.
 

DeniseM

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Lenora said:
I think that if you are not a TUG member you should be able to read the board but you should not be able to post any listings.

That's a good idea.
 

Makai Guy

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Lenora said:
I think that if you are not a TUG member you should be able to read the board but you should not be able to post any listings.

Remember this is a double-edged sword. It also means any of our members that are searching for a rental won't get to see ones being offered by non-members.
 

debraxh

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I think the current amount is fair, and covers maintenance fees for MOST timeshares. A modest increase, maybe to $800, probably wouldn't hurt. Higher than that, IMO, will just create "free" classified ads.
 
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