• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 27 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
  • TUG is asking for recent reviews of older resorts, earn a free year membership!

    Read more here
  • TUG has now saved timeshare owners more than $18,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $18 Million dollars
  • Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
  • Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
  • A few of the most common links here on the forums for newbies and guests!

Lock-off renting tips

lisilv

Guest
Joined
Jul 5, 2005
Messages
81
Reaction score
0
Points
6
Location
Chicago
I hope I am not breaking any rules with my questions, if I am, my apologies.

I have placed a lockoff unit for rent, and since this is my first time doing this, I would like to get some advice for all the experienced users in this forum.

1- Where can I get copies of contracts?
2- Do I need to do a background check? If so, how?
3- Do I request a depost first?
4- Any other recommendation?

Thanks in advance for everyone's help.
 

Dave M

TUG Lifetime Member
Joined
Jun 16, 2004
Messages
12,242
Reaction score
9
Points
473
Location
Sun City Hilton Head, SC
1 - See the "Renting" section of TUG Advice (link at the top of this page).
2 - No. Marriott will take a credit card imprint from your renter when he/she checks in to protect in case of damage.
3 - Yes. Immediately. See the sample rental contracts for more guidance on timing of the deposit and final payment.
4 - See this thread to view the transaction from your occupant's viewpoint. It will help you to be more tolerant of questions that might be posed to you.
 

pwrshift

Tug Review Crew: Rookie
TUG Member
Joined
Jun 6, 2005
Messages
5,528
Reaction score
28
Points
483
Location
Toronto
Resorts Owned
Marriott Manor Club - 3 weeks platinum, 2 weeks at Marriott Beachplace Towers, and 1 week at Marriott Canyon Villas
I don't know where you put it up for rent, but I've found that Ebay gets the fastest decisions if you 1. use a reasonable reserve price; 2. start your auction at $69 first bid; 3. specify a 50% deposit upon winning auction, balance when confirmed by Marriott; 4. use Paypal; 5 make sure it's very clear you are 'renting' and not selling this week and describe it fully as it is not the full unit with kitchen, living room, etc. I've rented several lockoffs with success this year - for $850 at Canyon Villas, $925 and $975 at BeachPlace and tell anyone who asks what my reserve price is.

Bear in mind buyers might have some confusion how 'timesharing' rentals work - a lot of them don't quite understand why Marriott doesn't also charge them the room rate if they've already paid you for it, so some explanation is helpful.

Hope that helps.

Brian
 
Top