• 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 29 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered!
  • TUG has a YouTube Channel to produce short informative videos on popular Timeshare topics!

    Come check it out for a chance to win a Free TUG membership (or renewal) just for helping out!

    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
  • Our 2022 Timeshare Survey is now complete and the full results as well as our expert and witty analysis of each question is available here: Here We hope you enjoy reading the results as much as we did!
  • 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! 50,000+ subscribers! 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!

Losing Proposition

BillTheBob

Guest
Joined
Feb 19, 2018
Messages
2
Reaction score
1
Points
3
Resorts Owned
Attitash Grand Summit
Brand New to Tugs. I was gifted a 13 week (weeks) timeshare; studio.. Attitash Grand Summit. Joined RCI and signed up as a Platinum member. I do not use the timeshare since I own a home nearby. So I put all 13 weeks into the timeshare rental program. If I were to do nothing else with the timeshare but make it available for rent, the net rental income I receive is a losing proposition; I'm net negative.

The Summit provides owners with a calandar a few years out indicating what weeks garner the highest probability of rental. So the weeks I exchange fall out of those blocks of time so I at least I get some rental income.

I'm retired and at this point we are traveling away 6-8 weeks per year. I thought if I were able to maximize my ability to exchange through RCI, the savings on the exchange (exchange fee charged by RCI plus fee charged by timeshare) compared to what the unit I exchange for might rent for a week).

I've exchanged a number of times, and I've been basically happy with the unit exchanged for, almost all the time bigger than a studio.

My question(s) is I want to maximize the value of the unit and number of weeks I exchange out of. I understand from reading some of the FAQ's that its best to exchange out as long as possible. Is this correct?

When it comes to using those weeks based on their point value I was told by RCI that combining the point value of those weeks give me the best opportunity to find a quality exchange. The fee for combining is a one time fee so if I combine all the weeks I am willing to exchange it seems reasonable. Is this a correct assumption?

When it comes to finding a resort this is where I feel it all falls apart. It seems even if I look out a year in advance, the availability of a week is very limited. Also, with RCI once you book, you have only 24 hours to cancel. After that I'm on the hook, or I pay a huge cancellation fee to get those points back. I feel like its a huge crap shoot.

What am I doing wrong? What should I do to maximize the unit I exchange into and have more flexibility in choices?

Thanks. Sorry for such a long intro.
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
56,324
Reaction score
7,210
Points
1,849
Resorts Owned
WKORV, WKV, SDO, Kingsbury Crossing/Tahoe, Kauai Beach Villas, Hyatt High Sierra.
The best practice is to put in an ongoing search as early as possible (a year or more out.) Ongoing searches are filled BEFORE any inventory goes online, so the best weeks are snagged with OGS, behind the scenes and never go online.

When you only look at the online inventory, you only see the leftovers.
 

BillTheBob

Guest
Joined
Feb 19, 2018
Messages
2
Reaction score
1
Points
3
Resorts Owned
Attitash Grand Summit
I just performed my first ongoing search with RCI for exchange property in Vail Co. for next January. I used the RCI Directly so I was able to see all property listed, and I have combined points sufficient enough to exchange with any of the units available. I listed at least a dozen properties all with a check in date of Saturday to Saturday and used a two week range since I would like one week in Vail and a second week in Breckenridge. As soon as I completed the search I got a message no results found.

I'm confused!

I thought performing an ongoing search would be something that would continue until a property became available?

Can you help explain?

Thanks

Bill
 
Top