I recently purchased a Vacation Village at Parkway, 74,000 point, biennial TS for approx. $12,000. I currently own 2 Marriott weeks at 2 different Florida locations and usually use 1 per year to vacation, and 1 to receive Marriott points. The points are used for airfare and hotel trips.
The RCI point system is new to me and I purchased after the salesman convinced me that I could turn the 36,000 annual points into approx. 4 rentable or usable weeks per year using RCI's 45 day, 9000 point reservation system. He indicated that I could then rent the 4 weeks each year and have a positive cash flow. There was also something about an RCI bonus week that could be rented. In effect, he was saying that I could manage my TS as a business and make some money while never having to use it myself. When something sounds too good to be true, it usually is and my gut tells me that this is. I'm not one that actively wants to manage my TS (The Marriotts are difficult enough). So, please tell me whether this is legal, realistic, advisable, doable and/or anything else you might want to say. Or should I get out while I can? Your immediate opinion is requested. Thanks!
The RCI point system is new to me and I purchased after the salesman convinced me that I could turn the 36,000 annual points into approx. 4 rentable or usable weeks per year using RCI's 45 day, 9000 point reservation system. He indicated that I could then rent the 4 weeks each year and have a positive cash flow. There was also something about an RCI bonus week that could be rented. In effect, he was saying that I could manage my TS as a business and make some money while never having to use it myself. When something sounds too good to be true, it usually is and my gut tells me that this is. I'm not one that actively wants to manage my TS (The Marriotts are difficult enough). So, please tell me whether this is legal, realistic, advisable, doable and/or anything else you might want to say. Or should I get out while I can? Your immediate opinion is requested. Thanks!