• 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 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 31 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 31st anniversary: Happy 31st Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $23,000,000 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 $23 Million dollars
  • Wish you could meet up with other TUG members? Well look no further as this annual event has been going on for years in Orlando! How to Attend the TUG January Get-Together!
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • 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!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Marriott VC Owner - Sell or Rent?

qwertytug

newbie
Joined
Jan 11, 2016
Messages
11
Reaction score
0
Hello Everyone,

I am sure this has been asked 1000's of times, but searching through this large forum I have seen a ton of information all over the spectrum.

Here is my predicament. My wife and I own a Marriott Timeshare. We enrolled in their club points program a couple years ago. But bottom line is that we are getting weary of spending $1400-$1500 in maintenance fees each and every year. We have used our points before, and have also traded to Rewards Points in the past which has proved helpful. But I am still struggling with the value of the whole thing. I get 3095 VC points per year in my program. I can use them, bank them (for a year), or trade for 110,000 Rewards Points.

Anyway, I am at a crossroads as to selling it or renting it. I'm pretty sure I won't get near what I paid for it ($26K). I have heard the resell market on timeshares isn't a good one. So, should I rent it?

Renting - this is a big gray area from what I have read. Is it legal? Can I get in trouble with Marriott? Am I allowed to book something with my VC points and then subsequently rent that week out??? I have looked on Redweek and here, and haven't been able to conclusively find anyone specifically answer this question for me. Hence my post.

If anyone has any insight, most importantly on the renting of Marriott VC points, I would love to hear it. Secondly, I would love any insight or recommendations on either continuing to hold onto this property (and either using it or renting it), or selling it.

Thank you so much in advance for your time.

Sincerely,

Bryan
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
23,706
Reaction score
9,676
Location
Florida
welcome to TUG, ill move this to the marriott forum so you can get answers from other marriott owners...but to get started id read both these articles

http://sell.tug2.net

and

http://rent.tug2.net

youll get most of your introductory questions answered, and develop a few more! =)
 

Fasttr

TUG Review Crew
TUG Member
Joined
Jun 26, 2013
Messages
6,539
Reaction score
3,839
Location
Connecticut
Resorts Owned
Marriott's Grande Ocean (Enrolled)
MVC Trust Points
Hello Everyone,

I am sure this has been asked 1000's of times, but searching through this large forum I have seen a ton of information all over the spectrum.

Here is my predicament. My wife and I own a Marriott Timeshare. We enrolled in their club points program a couple years ago. But bottom line is that we are getting weary of spending $1400-$1500 in maintenance fees each and every year. We have used our points before, and have also traded to Rewards Points in the past which has proved helpful. But I am still struggling with the value of the whole thing. I get 3095 VC points per year in my program. I can use them, bank them (for a year), or trade for 110,000 Rewards Points.

Anyway, I am at a crossroads as to selling it or renting it. I'm pretty sure I won't get near what I paid for it ($26K). I have heard the resell market on timeshares isn't a good one. So, should I rent it?

Renting - this is a big gray area from what I have read. Is it legal? Can I get in trouble with Marriott? Am I allowed to book something with my VC points and then subsequently rent that week out??? I have looked on Redweek and here, and haven't been able to conclusively find anyone specifically answer this question for me. Hence my post.

If anyone has any insight, most importantly on the renting of Marriott VC points, I would love to hear it. Secondly, I would love any insight or recommendations on either continuing to hold onto this property (and either using it or renting it), or selling it.

Thank you so much in advance for your time.

Sincerely,

Bryan

It may be helpful to know what your underlying deeded week is, for folks to help on the keep or sell question.

As for can you book a week with DC points and rent it out....yes.

You can also very easily rent your DC points directly without an underlying ressie. This can be done at www.vacationpointexchange.com or www.ownertrades.com Both sites run by TUGgers. Going rate to rent a point is approx. $0.50 per point.
 

SueDonJ

Moderator
Joined
Jul 26, 2006
Messages
16,718
Reaction score
5,991
Location
Massachusetts and Hilton Head Island
Resorts Owned
Marriott Barony Beach and SurfWatch
Welcome to TUG!

Yes, it's completely within Marriott's rules for an owner/member to rent out his/her owned Weeks or Points or reservations made using them, through any outlet you choose. The TUG Points FAQ has related info and links to recommended rental sites on Page 3.

If I were thinking of selling my Weeks I'd first approach Marriott because they are actively buying back/brokering Weeks through their Resales Operations, and in many cases their offers come in higher than what's generally available on external resale markets. See this TUG thread: Marriott is BUYING BACK TIMESHARES [2012 / Ongoing] and the links in the first post for contact information.

Good luck!
 

qwertytug

newbie
Joined
Jan 11, 2016
Messages
11
Reaction score
0
Thank you SueDonJ. Great to know I can legally rent it out. I will check out that FAQ and Marriott "Buying Back" link.

Fasttr, in regards to selling - I know my week is a good one (can't remember exactly which). But I thought if I am a VC points owner that I no longer have a specific week - true or false?

This is what I see on the MVC website:

Points: 3075
Season: Platinum
Floor Plan: 2BR + 2BA
Deed ID: SR*####*02*B (not listing exact one for safety)

If I do have a specific week, how do I find that?

Thanks,

Bryan
 

SueDonJ

Moderator
Joined
Jul 26, 2006
Messages
16,718
Reaction score
5,991
Location
Massachusetts and Hilton Head Island
Resorts Owned
Marriott Barony Beach and SurfWatch
It may be helpful to know what your underlying deeded week is, for folks to help on the keep or sell question.

As for can you book a week with DC points and rent it out....yes.

You can also very easily rent your DC points directly without an underlying ressie. This can be done at www.vacationpointexchange.com or www.ownertrades.com Both sites run by TUGgers. Going rate to rent a point is approx. $0.50 per point.

I'm sorry but please don't post the details of the underlying Week here. Doing so will give the appearance of a sale or rental ad in this public forum, which is prohibited by the TUG Posting Rules. As always, this information may be shared in Private Messages or emails. Thanks!
 

SueDonJ

Moderator
Joined
Jul 26, 2006
Messages
16,718
Reaction score
5,991
Location
Massachusetts and Hilton Head Island
Resorts Owned
Marriott Barony Beach and SurfWatch
Hey Fasttr, in regards to selling - I know my week is a good one (can't remember exactly which). But I thought if I am a VC points owner that I no longer have a specific week - true or false?

This is what I see on the MVC website:

Points: 3075
Season: Platinum
Floor Plan: 2BR + 2BA
Deed ID: SR*####*02*B (not listing exact one for safety)

If I do have a specific week, how do I find that?

Thanks,

Bryan

I also thought from your first post and still think based on the above that what you own is a Week that's been enrolled in the Destination Club, meaning you can elect to exchange it for Points on an annual basis. As such, if you sold your ownership you would be selling the underlying Week and the enrollment would not transfer with the sale to the new owner. (And, thank you for not posting the name of the resort for your Week.)
 

BocaBoy

TUG Member
Joined
Jun 5, 2009
Messages
5,335
Reaction score
420
Location
Wisconsin
Resorts Owned
Grand Chateau
Renting - this is a big gray area from what I have read. Is it legal? Can I get in trouble with Marriott? Am I allowed to book something with my VC points and then subsequently rent that week out???

It is 100% within the rules to rent either your owned week or your DC points. What you cannot rent out is a week you obtained in a trade through Interval.
 

qwertytug

newbie
Joined
Jan 11, 2016
Messages
11
Reaction score
0
SueDonJ - yes, I was careful NOT to disclose specific details about my week or ownership.

Ok, so if I sold my ownership I would be selling the actual deed or specific week I have at that property. That makes sense. I guess I will have to find out that information and see if it is worth it to sell. I will check out that Marriott Buying Back article you posted.

BocaBoy - thank you very much. It is nice to have that confirmation. Any idea of the best place to request or obtain an ironclad well written rental agreement?
 
Last edited:

davidvel

TUG Member
Joined
May 9, 2008
Messages
8,633
Reaction score
5,569
Location
No. Cty. San Diego
Resorts Owned
Marriott Shadow Ridge (Villages)
Carlsbad Inn
As mentioned above, you still only own your week, DC enrollment is just an add-on benefit. These units are selling for only about $3-4,000 on eBay.

Rentals on Redweek are listed at $1,200-$2,000 for Platinum weeks, but unsure if actual rentals at those prices.

You have a great unit at a great resort. Explain more about your usage. Do you ever stay there, or always convert to DC, or MR points(horrible return)? With your enrollment you have a FREE Interval account. You could easily reserve, lock-off and trade for 2 weeks a year at some great resorts if you don't want to stay at your home resort.
 
Last edited:

qwertytug

newbie
Joined
Jan 11, 2016
Messages
11
Reaction score
0
Dadvidvel, I have never stayed at my home resort. I have always converted to DC points. I used to do the MR points, but like you said I finally figured out that it was a bad exchange. We did Interval a couple times, and yes that worked out well.

I think now being a part of the DC program my unit is always converted to DC points. It's just whether I bank them or use them.
 

davidvel

TUG Member
Joined
May 9, 2008
Messages
8,633
Reaction score
5,569
Location
No. Cty. San Diego
Resorts Owned
Marriott Shadow Ridge (Villages)
Carlsbad Inn
Dadvidvel, I have never stayed at my home resort. I have always converted to DC points. I used to do the MR points, but like you said I finally figured out that it was a bad exchange. We did Interval a couple times, and yes that worked out well.

I think now being a part of the DC program my unit is always converted to DC points. It's just whether I bank them or use them.
Even though enrolled, you have to elect your points each year:
attachment.php


You may find that reserving/exchanging every other year, and electing DC points on the others would give you lots of great options.
 

Attachments

  • use-elect.JPG
    use-elect.JPG
    27.6 KB · Views: 156

SueDonJ

Moderator
Joined
Jul 26, 2006
Messages
16,718
Reaction score
5,991
Location
Massachusetts and Hilton Head Island
Resorts Owned
Marriott Barony Beach and SurfWatch
Dadvidvel, I have never stayed at my home resort. I have always converted to DC points. I used to do the MR points, but like you said I finally figured out that it was a bad exchange. We did Interval a couple times, and yes that worked out well.

I think now being a part of the DC program my unit is always converted to DC points. It's just whether I bank them or use them.

No, you have to elect to convert your enrolled Week to Points on an annual basis, and you have to do it prior to the election deadline. An enrolled Week can be used many ways but if none are elected, then at the home resort in season is the only usage.

I think the DC Points FAQ that is linked above will be a good read for you, as will the "Should My Week(s) Be Enrolled?" TUG thread that's also linked in that FAQ. Some of the info in that thread is no doubt outdated but it's still useful for the basics related to enrollment.
 

qwertytug

newbie
Joined
Jan 11, 2016
Messages
11
Reaction score
0
Davidvel & SueDonJ - you are both on the money. My brain isn't working well today. Yes, I do need to elect DC points, which is what I usually do. I don't do the rewards points anymore. I have never done my resort week either, as I always felt there are other locations that are much more desirable than Palm Desert :)
 

Fasttr

TUG Review Crew
TUG Member
Joined
Jun 26, 2013
Messages
6,539
Reaction score
3,839
Location
Connecticut
Resorts Owned
Marriott's Grande Ocean (Enrolled)
MVC Trust Points
Any idea of the best place to request or obtain an ironclad well written rental agreement?

In the years you choose not to use either your home week, or use the points to book a week somewhere else to use, and you want to recover at least enough dollars to offset your MF's, by far and away, the easiest thing to do is list your points for rent on VPE or Ownertrades (linked above in post #4). If you rent all of your points (3095) at $0.50 per point, that would net you $1547.50, enough to cover your MF's. Also, as another example, say you wanted to book some time at an MVC resort, but only needed a 1BR or a studio that required far less than your full amount of points, and say you had 1000 points left after booking the 1BR to use, you can rent out the remaining 1000 points to help recoup costs.

As the one renting the points out, there is basically zero risk on your end of the transaction. The person renting your points will pay you in advance (usually via PayPal) and once you see the $$ in your PayPal account, you call up MVC, tell the VOA you want to transfer points to another owner, provide their name and Customer number and in about 15 seconds, the points are transferred. After that, you have no more worries...the transaction is done.

If you booked a week at your home resort, and wanted to rent that, or if you booked a week via points, and wanted to rent that, then you certainly would want an ironclad well written rental agreement to protect both parties, as the pucker factor of that transaction runs all the way until your renter checks out.
 

qwertytug

newbie
Joined
Jan 11, 2016
Messages
11
Reaction score
0
Hey Fasttr, thank you for your reply. That makes perfect sense now.

And well, it looks like I screwed up this year (2016) and forgot to elect MVC points. UGH! So, currently I have 3075 points banked from last year to use this year, AND, I now have a 2-bedroom unit at my home resort in Palm Desert to either keep as a 2BD or split into multiple weeks. Or I guess I could do Interval, but I never liked doing that before.

If I rent the week from this year (2016 at my home resort), would you guys recommend Redweek.com, or any other site?

I do like the idea of using VPE or Ownertrades for the $0.50 per point idea.

Thank you VERY much for all your feedback. I appreciate the time more than you know.
 
Last edited:

davidvel

TUG Member
Joined
May 9, 2008
Messages
8,633
Reaction score
5,569
Location
No. Cty. San Diego
Resorts Owned
Marriott Shadow Ridge (Villages)
Carlsbad Inn
Hey Fasttr, thank you for your reply. That makes perfect sense now.

And well, it looks like I screwed up this year (2016) and forgot to elect MVC points. UGH! So, currently I have 3075 points banked from last year to use this year, AND, I now have a 2-bedroom unit at my home resort in Palm Desert to either keep as a 2BD or split into multiple weeks. Or I guess I could do Interval, but I never liked doing that before.

If I rent the week from this year (2016 at my home resort), would you guys recommend Redweek.com, or any other site?

I do like the idea of using VPE or Ownertrades for the $0.50 per point idea.

Thank you VERY much for all your feedback. I appreciate the time more than you know.

Remember that you do not have "a 2-bedroom unit at my home resort" until you actually book it. Click on "Use MY Week" and try to reserve the best date left. As you are already in 2016, and are weeks 1-21 (+50/51), your choices will be limited and could lose out on booking at all.

Also, you may not have liked interval before but you now have a free account (for Marriott trades), and can also lock-off your week for free. This seems the best bet for your 2016 week at this point.
 

aka Julie

TUG Member
Joined
May 19, 2007
Messages
1,285
Reaction score
115
Location
Ohio
Resorts Owned
Shadow Ridge (platinum)
And well, it looks like I screwed up this year (2016) and forgot to elect MVC points. UGH! So, currently I have 3075 points banked from last year to use this year, AND, I now have a 2-bedroom unit at my home resort in Palm Desert to either keep as a 2BD or split into multiple weeks. Or I guess I could do Interval, but I never liked doing that before.

Sounds like you haven't reserved a week yet for this year. Platinum season has already begun and runs thru May 29. Then there are 2 Platinum weeks in December. At this point I imagine some weeks will not be available. Have you gotten online to see what weeks are even available for this year? You need to decide if you will stay there, rent, or deposit with Interval. All of these choices require that you book a week.

I also own at your resort and will be staying there 2 weeks in February.

Is there any reason why you have never wanted to stay there? It is a beautiful resort and a nice place to go during the winter especially if you live in a cold climate.

I agree that the maintenance fees are getting a little out of control especially when we have to pay property taxes separate.
 

qwertytug

newbie
Joined
Jan 11, 2016
Messages
11
Reaction score
0
Davidvel / aka Julie,

Yes, I have NOT booked anything yet. I definitely NEED to do that asap. I guess I am trying to decide which week offers me the best opportunity to rent.

In regards to why I don't stay there...we have two kids (8 & 12) and unfortunately there isn't a whole lot they like to do there.

I took a screenshot of the available dates I can book, but can't figure out how to insert the image in this post to share for your opinion.

Davidvel, so you think trading into Interval is a better option? Was this to rent out or were you suggesting I just use it for my own travel?

You guys rock!
 

Fasttr

TUG Review Crew
TUG Member
Joined
Jun 26, 2013
Messages
6,539
Reaction score
3,839
Location
Connecticut
Resorts Owned
Marriott's Grande Ocean (Enrolled)
MVC Trust Points
... so you think trading into Interval is a better option? Was this to rent out or were you suggesting I just use it for my own travel?

You guys rock!

If you exchange it in II you would be violating II rules to rent the week you would get on exchange.
 

davidvel

TUG Member
Joined
May 9, 2008
Messages
8,633
Reaction score
5,569
Location
No. Cty. San Diego
Resorts Owned
Marriott Shadow Ridge (Villages)
Carlsbad Inn
Davidvel / aka Julie,

Yes, I have NOT booked anything yet. I definitely NEED to do that asap. I guess I am trying to decide which week offers me the best opportunity to rent.

In regards to why I don't stay there...we have two kids (8 & 12) and unfortunately there isn't a whole lot they like to do there.

I took a screenshot of the available dates I can book, but can't figure out how to insert the image in this post to share for your opinion.

Davidvel, so you think trading into Interval is a better option? Was this to rent out or were you suggesting I just use it for my own travel?

You guys rock!
As noted, no rental of trades. We only have a gold week there, and have many very successful trades after locking off. Our kids are the same age and have loved going to the desert the past 5+ years. What state do you live in, and what do they like to do?

Best weeks to reserve are weeks 6-15, which correspond to Feb 5-April 10 check in days this year (2016). Hopefully something available in this range.
 

dneveu

TUG Member
Joined
Mar 29, 2009
Messages
247
Reaction score
24
Location
Los Angeles
Resorts Owned
Marriott Cypress Harbor, Marriott Shadow Ridge, Marriott Grand Chateau
If you exchange it in II you would be violating II rules to rent the week you would get on exchange.

Fasttr is correct that weeks exchanged through interval cannot be rented. However you could lock off your week, deposit both halves in interval and get 2 trades for those. With your Marriott-interval account the trades are free if you request Marriott properties. You have two years (from reservation date) to use the weeks once deposited into interval.
 

dneveu

TUG Member
Joined
Mar 29, 2009
Messages
247
Reaction score
24
Location
Los Angeles
Resorts Owned
Marriott Cypress Harbor, Marriott Shadow Ridge, Marriott Grand Chateau
If you wish to rent your week, there are few event weeks that are very popular in the desert. you can google these events to learn more. They may make for good rental weekends.

BNP Parabis open tennis tournament in Indian wells. March 9-20 2016
Coachella music Festival. Two weekends. April 15-17 and 22-24 2016
 
Top